Dogecoin Records Bump in Transaction Activity, Points to Bullishness for DOGE
A spike in transactions suggests a potential revival of user engagement and could indicate growing adoption or increased trading activity – leading to higher prices.
Trading
Bitcoin Broke $62K After Fed Rate Cuts. Here’s What Traders Say Will Happen Next
Polymarket traders have their money on four to five more rate cuts this year.
First Neiro on Ethereum, Related to Dogecoin, Rockets 700% on Binance Spot Listing
Binance already offers NEIRO tokens as a futures product. But the surprise spot listing of a different NEIRO has fuelled a rocket rally.
Ether-Bitcoin Ratio Drops to Lowest Since April 2021. Here’s Why It Matters
Analysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there’s a significant change in investor sentiment or regulatory clarity that might favor riskier assets.
XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K
XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.
XRP Spikes 8% as Grayscale Launches XRP Trust in the U.S.
The fund will offer investors exposure to XRP tokens.
Bitcoin Retraces Below $57K as ‘Sell-on-Rise’ Action Continues
Crypto weakness may be a red flag for traditional risk assets, one analyst said.
Bitcoin Dives Under $56K as Asian Equities See Red
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger
The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.