Senin, 28 Juli 2025

📉XRP tanks 19%—but is it just a reset?


Analysts call XRP's plunge a "healthy correction" as BitMine scoops up $2B in ETH, fueling a full-on treasury arms race.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

XRP Plunge a 'healthy correction,' BitMine Gobbles $2B ETH, & Other News

July 20 - 26

#1

BitMine gobbles over $2B in ETH in 16 days amid treasury arms race

Bitcoin mining firm BitMine Immersion Technologies has bought up over $2 billion of Ether in just 16 days, retaking the lead among a flurry of newly formed Ether treasury companies.

BitMine said in a statement on Thursday that in the last 16 days, it had bought up 566,776 Ether, worth over $2.03 billion.

Tom Lee, the managing partner of FundStrat and the chairman of BitMine, said after the latest buying spree, the company is "well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply."

BitMine's aggressive buying spree signals a growing interest from institutions in Ethereum.

Get the full story

#2

XRP price drops 19% but analysts say it's a 'healthy correction'

XRP price dropped 12.5% on Thursday, declining in tandem with the broader crypto market, which slipped 3% over the 24 hour period to $3.79 trillion.

Despite this correction, analysts are terming this a "healthy pullback," with double-digit XRP price targets still in play.

XRP's price dropped as much as 19% to an intra-day low of $2.95 on Thursday from its multiyear high of $3.66, data from Cointelegraph Markets Pro and TradingView shows.

Cascading liquidations and thinning liquidity fueled XRP's drop as over-leveraged longs got flushed across the board.

#3

Hulk Hogan, Ozzy memecoins soar as tributes roll in over icons' deaths

Memecoins inspired by the late wrestling legend Hulk Hogan and Black Sabbath rocker Ozzy Osbourne skyrocketed as tributes flooded over the two popular icons' deaths this week.

Terry Bollea, better known by his wrestling ring name Hulk Hogan, was reportedly pronounced dead in a hospital on Thursday at the age of 71 after medics arrived at his home to answer a call about a possible cardiac arrest.

This comes just days after Ozzy Osbourne, the hard-partying frontman of English rock band Black Sabbath, passed away on Tuesday at the age of 76.

Hogan was the most famous wrestler in the WWF, now WWE, during the 1980s, and had a career that spanned decades both in the ring and across television and film.

Osbourne, often nicknamed the Prince of Darkness, is considered a legend in the music world and is seen as an iconic heavy metal musician. Black Sabbath is estimated to have sold 75 million albums globally.

Prediction of the Week

Eric Trump 'agrees' Ether should be over $8K as Global M2 money soars

Analysts say Ether is undervalued and "should be trading above $8,000" as global liquidity, measured by broad money supply (M2), hit a new record high of $95.58 trillion on Friday.

Global liquidity supply, or M2, aggregates US dollar-adjusted liquidity from major economies including the US, eurozone, Japan, the UK and Canada.

A rising M2 implies that more money is circulating in the economy, including in bank accounts, checking deposits and other liquid assets. Such surplus liquidity can increase capital inflow into riskier assets like crypto.

Ether appears to be following a similar M2 supply trajectory, defined by the Wyckoff accumulation method, in 2025, albeit with a significant lag period.

FUD of the week

Bitcoin tumbles below $116K in bloodbath for crypto longs

More than half a billion in long positions were liquidated across the crypto market on Friday as the price of Bitcoin slipped below $116,000 amid a broader market tumble.

According to CoinGlass data, $585.86 million in long positions were liquidated, with Bitcoin accounting for $140.06 million of that total as it dropped 2.63% to $115,356.

Ether followed with $104.76 million in long liquidations, falling 1.33% to $3,598 over the same period.

FUD of the week

Arizona woman sentenced for helping North Korea coders get US crypto jobs

An Arizona woman was sentenced to more than eight years in federal prison for helping North Korean operatives infiltrate US cryptocurrency and tech firms using stolen identities and fraudulent documents.

According to a Thursday announcement by the US Attorney's Office for the District of Columbia, Christina Marie Chapman was convicted of wire fraud conspiracy, aggravated identity theft and money laundering conspiracy. She was sentenced to 102 months, or about 8.5 years in prison.

Prosecutors said Chapman worked with operatives tied to the Democratic People's Republic of Korea to obtain remote IT positions at more than 300 US-based companies. The North Korean workers posed as US citizens and residents, and the scheme generated over $17 million in illicit revenue.