GRAM Token Whipsaws After Telegram App Retailer Incident; XRP Holders Unlock New RLUSD Utility; Bitcoin Now Deeply Undervalued: CryptoQuant — Morning Crypto Report – U.As we speak

TL;DR

• GRAM/Telegram App Retailer incident: Apple pulled Telegram worldwide over a content-policy violation on Aug. 4, inflicting the GRAM worth to drop by over 6% to $1.297 earlier than rebounding to $1.3818 after Telegram eliminated the content material and Apple restored the app hours later.
• XRP-backed RLUSD loans: Flare’s wrapped FXRP token is now accepted collateral in Sentora’s $280 million lending vault on Morpho Blue, letting massive XRP holders borrow Ripple’s RLUSD stablecoin with out promoting their XRP.
• Bitcoin undervaluation sign: CryptoQuant’s UTXO Age Bands information reveals “younger” BTC provide at a multi-year low — a sample final seen on the 2015, 2019, and 2022 cycle bottoms — pointing to an accumulation part, with a bull cycle anticipated nearer to 2027.
• ETF flows vs. pockets hack: U.S. spot Bitcoin ETFs added $170.1 million on Aug. 3, whereas spot Ethereum ETFs noticed $11.42 million in outflows. Within the meantime, a Coldcard hardware-wallet exploit stole roughly 1,596 BTC price round $130 million from about 7,300 addresses.

How Apple’s momentary ban despatched the GRAM token on a worth rollercoaster

On the evening of Aug. 4, the GRAM token took traders on an actual rollercoaster journey, immediately falling by greater than 6% to $1.297 earlier than sharply recovering to $1.3818. The value turbulence was brought on by Telegram’s sudden elimination from Apple’s App Retailer.

The applying quickly disappeared from Apple’s marketplaces worldwide, together with in america, India, Australia, and Singapore. In keeping with Reuters, the set off was user-generated content material that violated the platform’s guidelines. Telegram’s builders rapidly eliminated the violating content material and blocked its creator, after which Apple absolutely restored the messenger to {the marketplace}.

Merchants’ response to the ban information shaped a deep purple candle on the intraday GRAM/USDT chart by TradingView. Nonetheless, the sell-off didn’t proceed. As quickly as the appliance returned to {the marketplace}, consumers aggressively purchased the dip, forming a robust inexperienced candle and returning the asset to its earlier buying and selling vary.

Maybe the principle takeaway for cryptocurrency traders is that, regardless of sturdy elementary assist within the type of Pavel Durov’s direct backing and bulletins of built-in wallets, GRAM stays hostage to the regulatory dangers surrounding Telegram, which is already attracting shut consideration from authorities in France and Australia.

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XRP-backed loans: RLUSD stablecoin positive factors new supply of liquidity

Massive XRP holders can now get hold of greenback liquidity in opposition to their tokens with out having to promote them. This turned potential after Flare Networks’ wrapped FXRP token was formally accepted as collateral in Sentora’s lending vault on the Morpho Blue platform on Ethereum.

The pool allotted for these operations totals $280 million.

Sentora, the institutional curator, added the asset to the itemizing after an in depth evaluation of the token’s market habits, decentralized oracle efficiency, and computerized liquidation mechanisms.

The lending chain works in three phases: customers mint FXRP on Flare at a 1:1 ratio to XRP by the FAssets protocol, switch it to Ethereum by the Stargate bridge, and lock it within the pool as collateral to borrow Ripple’s regulated RLUSD stablecoin.

“That is one thing now we have been working towards for some time,” Flare Networks co-founder Hugo Philion commented on the launch. He emphasised that the lending market curated by Sentora “opens the door for a lot bigger FXRP lending markets and for establishments that maintain billions of XRP to take part.” In impact, the challenge has deployed full-scale lending rails for giant capital immediately on the Ethereum mainnet.

In keeping with the builders, the mixing addresses the difficulty of XRP’s utility within the DeFi sector whereas concurrently stimulating the issuance of the stablecoin itself.

As the subsequent step, the Flare workforce is already designing a wise account system that may automate the method and switch liquidity immediately from XRPL into RLUSD.

Solely diamond fingers left: CryptoQuant indicators Bitcoin is deeply undervalued

Bitcoin is caught in a zone of deep undervaluation, whereas complete apathy has taken over the market — and for long-term traders, that is the very best sign. Recent on-chain evaluation from CryptoQuant reveals that the present calm intently mirrors market habits on the backside of earlier cycles.

The principle indicator right here is the age of cash on the community, measured by the UTXO Age Bands metric. The share of “younger” capital — Bitcoin that has been actively traded throughout the previous month — has fallen to a important low. Because of this informal speculators and retail traders have utterly misplaced curiosity in crypto and left the market.

Bitcoin’s provide is now virtually fully managed by long-term holders who’re merely sustaining their positions and refusing to promote the asset at present costs.

The identical image of complete boredom and a scarcity of actively traded cash has been recorded on the chart solely thrice in historical past: in 2015, 2019, and 2022. Every time, this part preceded the start of a serious reversal.

In keeping with the on-chain evaluation, Bitcoin has already entered a bottoming construction from the attitude of its four-year cycles. It’s not possible to determine the precise worth backside all the way down to the greenback, however the present worth vary represents a basic accumulation zone forward of the subsequent main bull market, which analysts count on nearer to 2027.

Crypto market outlook: Establishments maintain Bitcoin regardless of ETH outflows and {hardware} pockets uncertainty

Institutional capital is stabilizing the market, with a one-day influx into U.S. spot Bitcoin ETFs offsetting current promoting stress and fears surrounding remoted hacking incidents.

Whereas Bitcoin stays in a spread just under key technical boundaries, the long-term development is shifting towards the deep integration of tokenized deposits by main international banking establishments comparable to Wells Fargo.

Key checkpoints:

• ETF momentum accelerates: After a interval of uncertainty, U.S. spot Bitcoin funds recorded web inflows of $170.1 million on Aug. 3, 2026. BlackRock’s IBIT led the market with $111.43 million in inflows, whereas spot Ethereum ETFs recorded a modest outflow of $11.42 million.
• Bitcoin consolidation vary: The main cryptocurrency is buying and selling inside a consolidation vary between $56,300 and $66,000. Regardless of a bullish divergence on the day by day RSI after it reached oversold territory, a clear breakout above the closest native resistance is required to provoke a sustainable development situation.
• Main {hardware} pockets vulnerability: Galaxy Analysis confirmed that an exploit focusing on a Coldcard vulnerability resulted within the theft of 1,596 BTC from roughly 7,300 addresses. Complete estimated losses involving not less than 15 coordinated hackers might attain 2,000 BTC, price roughly $130 million.
• Business tokenization takes root: Wells Fargo, with $2.2 trillion in complete belongings, formally introduced the upcoming launch of tokenized deposits for company shoppers this fall. The initiative, constructed on a proprietary blockchain, is focusing on 24/7 settlements by mid-2027 in cooperation with JPMorgan and Citigroup.

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