XRP price sits near $1 as Binance leverage hits a 15-month low and Bybit carries $229 million in open interest.

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	Forwarded this email? Subscribe here for more With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope XRP price sits near $1 as Binance leverage hits a 15-month low and Bybit carries $229 million in open interest. Aug 8   READ IN APP   Good to see you this Friday. Crypto’s public market story is becoming less about holding coins and more about who controls liquidity, infrastructure, and the balance sheet behind the label. That shift matters because headline exposure can mask dilution, concentrated dependencies, or revenue pivots that leave token prices only part of the real risk. Hyperscale sold Bitcoin while projecting that AI will contribute less than a fifth of 2027 revenue, and Galaxy is leaning on AI income that remains small beside a multibillion-dollar buildout. Meanwhile, XRP traders are walking a $2.36B tightrope: leverage now outnumbers spot volume 6 to 1, XRP price sits near $1, Binance leverage is at a 15‑month low, and Bybit alone carries $229 million in open interest. The global crypto market cap is $2.21 trillion, with a 24-hour volume of $54.88 billion. The price of Bitcoin is $64,973.52, and BTC market dominance is 59.0%. The price of Ethereum is $1,921.93, and ETH market dominance is 10.5%. The best-performing sector is Education, which gained 5%. The Crypto Fear & Greed Index is currently Extreme Fear (29). 📰 Top News With leverage outnumbering spot volume 6 to 1, XRP traders are walking a $2.36B tightrope XRP price sits near $1 as Binance leverage hits a 15-month low and Bybit carries $229 million in open interest. Hyperscale sells Bitcoin for AI business set to deliver less than 20% of 2027 revenue The company is targeting up to $350 million in sales, but lending, digital assets and portfolio companies are expected to carry the forecast. How a crypto startup allegedly siphoned 470,000 Binance users to build a $4 billion card empire Binance’s $473 million lawsuit alleges RedotPay diverted 470,000 users as stablecoin firms race to control cards and checkout. 🗞️ More News Solana whales just triggered a countdown that could skyrocket SOL’s daily burn rate by over 1,200% How a Nasdaq Bitcoin holder diluted investors by 98% without selling a single coin How institutional dark pools quietly ate 15% of crypto volume and killed the retail whale-watching edge Why an institutional lender just rejected $88 million in Avalanche tokens in favor of cash and Bitcoin BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification Galaxy Digital lost $85M on crypto as its projected $80M in AI revenue must offset $3.5B AI investment 8 reasons to lock in always-on visibility on CryptoSlate If your company wants meaningful reach in crypto throughout 2026, CryptoSlate is the safe, high-leverage choice. 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