Pundit Drops Bombshell On XRP Circulating Supply, ‘It’s Smaller Than You Think’

Ethereum is experiencing a significant rally, driven by strong institutional demand and substantial ETF inflows, which have traders optimistic about a potential price surge towards $8,500. This surge is noteworthy as it reflects growing confidence in the cryptocurrency market, particularly among institutional investors, and could signal a broader acceptance of digital assets. Analysts are closely monitoring these developments, as continued buying and stable macroeconomic conditions could lead to even higher valuations.

Vivopower has announced a remarkable 65% discount on XRP through innovative mined token conversions. This development is significant as it not only highlights Vivopower's commitment to leveraging cryptocurrency for cost efficiency but also showcases the potential of mined tokens in the evolving digital currency landscape. Such discounts could attract more users to XRP, enhancing its market presence and encouraging broader adoption of cryptocurrencies.

A recent EY-Parthenon survey reveals that a significant majority of financial institutions and corporations not currently using stablecoins plan to adopt them within the next year. With 54% of decision-makers indicating they expect to implement stablecoin projects by 2026, this trend signals a growing acceptance and potential surge in the use of stablecoins in the financial sector. This shift could enhance transaction efficiency and stability in digital currencies, making it an important development for the future of finance.

The launch of the first US Spot XRP ETF is on the horizon as REX-Osprey finalizes its XRPR rollout. This development is significant because it marks a pivotal moment for cryptocurrency investment in the United States, potentially opening the door for more mainstream adoption of digital assets. Investors are keenly watching this space, as the ETF could provide a regulated avenue for exposure to XRP, which has been a topic of much discussion in the crypto community.

Analyst Austin Hilton warns that now is the last chance to invest in XRP before a potential price surge. He emphasizes that investors should accumulate XRP as it prepares for a significant bull run in Q4.

Editor’s Note: This warning is crucial for investors looking to capitalize on potential gains in the cryptocurrency market. With Hilton's insights, many may feel encouraged to act quickly to secure their positions before the anticipated price increase.

A crypto analyst has dismissed claims that XRP could reach $10,000, stating that such predictions are unrealistic. However, he believes there is still potential for significant growth in the token's price.

Editor’s Note: This analysis is important for investors as it provides a more realistic outlook on XRP's price potential, helping them make informed decisions rather than getting caught up in overly optimistic predictions.

XRP's price is currently at $3, down 17% from its peak this year. However, futures market data suggests a potential rebound to $5.

Editor’s Note: This matters because a rebound in XRP's price could indicate increased investor confidence and market activity, especially with the growing interest in ETFs and derivatives.

The DeFi market is currently valued at $160.56 billion in total value locked (TVL), showing a concentration of liquidity in a few major protocols. While spot and derivatives markets are growing, the capital is primarily flowing through these efficient venues.

Editor’s Note: Understanding the dynamics of the DeFi market is crucial as it highlights how liquidity is distributed among various protocols. This concentration can impact market stability and the development of new financial products.

XRP remains steady at $3 as excitement builds around potential ETF approvals, raising speculation about reaching $4 soon.

Editor’s Note: The stability of XRP at $3 amidst ETF hype is significant for investors and the cryptocurrency market, indicating potential growth and increased interest in digital assets.

UK and US officials are set to announce a formal partnership on cryptocurrency regulations, focusing on stablecoins and market access.

Editor’s Note: This cooperation is significant as it aims to create a unified regulatory framework for cryptocurrencies, which could enhance market stability and investor confidence in both countries.

ProfitableMining is a new platform for cryptocurrency holders looking to earn passive income. It offers a solution for those tired of the volatility in the market, allowing users to hold their coins while potentially increasing their value.

Editor’s Note: This matters because as the cryptocurrency market continues to fluctuate, finding reliable ways to generate income without active trading is crucial for investors. ProfitableMining provides a promising option for those looking to secure their investments.

Bitcoin is currently hovering around $115,000 as gold has reached a new milestone of $3,700 for the first time. This surge in gold prices is significant as it reflects growing investor interest and caution in the markets ahead of the upcoming FOMC meeting. The interplay between these two assets highlights the evolving landscape of investment strategies, making it a crucial moment for both cryptocurrency and precious metals.

The Bitcoin Bull Score Index has made a significant leap from 20 to 50 in just four days, indicating a promising shift away from bearish trends. This change, highlighted by CryptoQuant's head of research, Julio Moreno, suggests that Bitcoin is moving into a more favorable market phase. Understanding these shifts is crucial for investors as it can signal potential opportunities in the cryptocurrency market.

Bitwise's Matt Hougan has highlighted that the SEC's new listing rules could simplify the process for launching crypto ETFs, potentially increasing their number in the market. However, he cautions that this does not guarantee that all these funds will attract significant investment. This development is important as it reflects the evolving regulatory landscape for cryptocurrencies and could influence investor confidence and market dynamics.

Coinbase has introduced a 4.1% rewards program for USDC holders in Canada, a move that stands out against the backdrop of traditional banks offering 0% interest rates. This initiative not only provides Canadians with a more attractive option for their savings but also highlights the growing appeal of cryptocurrency as a viable alternative to conventional banking. As interest in digital currencies continues to rise, Coinbase's offering could encourage more Canadians to explore the benefits of crypto, potentially reshaping their financial landscape.

Bitcoin's price is currently on the rise, surpassing $116,200 and showing signs of potential bullish momentum. If it can break through the $116,850 resistance level, we could see significant upward movement. This is important as it reflects growing investor confidence and could lead to increased trading activity, especially with the upcoming Federal Reserve meeting that might influence market dynamics.

Symbiotic, Chainlink, and Lombard have joined forces to create a groundbreaking cryptoeconomic guarantee layer aimed at enhancing the security of cross-chain Bitcoin transfers. This partnership marks a significant advancement in the cryptocurrency space, as it addresses the growing need for secure transactions across different blockchain networks. With the increasing popularity of Bitcoin and the ongoing discussions around stablecoin regulations, this collaboration could pave the way for more robust and reliable financial solutions in the crypto market.

As the Federal Reserve prepares to announce its policy on September 17, trader Nik Patel has shared a detailed strategy for trading Bitcoin. In his latest Market Outlook, he outlines key resistance and support levels, suggesting that Bitcoin's price will likely fluctuate between $117.5k and $120k for resistance, with a critical support level at $112k. This analysis is crucial for traders looking to navigate the market during this pivotal time.