Author: Crypto Editor

As of August 3, 2026, PENGU sits in a deceptively quiet part with compressed constructions throughout a number of timeframes. The Pudgy Penguins crypto market is constructing a setup beneath cautious broader situations, with the Worry & Greed Index studying 28 (“Worry”) based on CoinGecko-sourced market knowledge. PENGU/USDT — each day chart with candlesticks, EMA20/EMA50 and quantity. Key takeaways PENGU’s each day RSI14 sits at 50.33 with MACD flat at zero — a textbook low-volatility compression throughout all indicators. The 1-hour chart reveals a gentle bullish tilt at RSI 55.62, however with out structural affirmation from the each day timeframe.…

Japan’s Nikkei 225 barely budged Tuesday regardless of a historic joint US-Japan intervention to prop up the yen. However Kioxia Holdings’ earnings miss suggests the true ache has not landed but. Tokyo and Washington intervened to halt months of yen weak point, and Kioxia posted disappointing steerage days later. Markets have absorbed each occasions calmly thus far, however the underlying dangers, a doable BOJ charge hike and a forex nonetheless primed to strengthen, stay unresolved. A Muted Response So Far The Nikkei 225 slipped barely, 0.6% to round 63,300 on Tuesday. That prolonged Monday’s 1.4% drop. Each strikes look gentle…

GameStop Company inventory plunged to $19.06 — its lowest since August 2024 — after the corporate introduced a $1.4 billion convertible be aware trade for Class A shares. Quantity exceeded 40 million shares, confirming an energetic repricing occasion tied on to the debt-for-equity information. GME — day by day chart with candlesticks, EMA20/EMA50 and quantity. Key takeaways GameStop Company inventory closed at $19.06, marking its lowest degree since August 2024. The selloff was triggered by a $1.4 billion convertible be aware trade plan for Class A shares. Every day quantity exceeded 40 million shares, signaling an energetic repricing somewhat than…

One of many ripple results of the Coldcard pockets hack has been a debate over the very best methods to retailer cryptocurrency. In opposition to this backdrop, Ripple CTO and XRP Ledger co-creator David Schwartz introduced an authentic resolution for safe Bitcoin chilly storage, proposing a family control-splitting scheme primarily based on the “nuclear briefcase” precept.The mechanism proposed by Schwartz considerably reduces the danger of funds being stolen through the proprietor’s lifetime whereas additionally fixing the issue of passing digital gold on to heirs.The disaster erupted after a firmware bug triggered Coldcard’s built-in generator to supply predictable seed phrases. Hackers shortly drained…

Mastercard mentioned the tie-up would assist banks, fintechs and enterprises develop stablecoin funds, payouts, settlement and treasury providers.Mastercard has accomplished its acquisition of stablecoin infrastructure firm BVNK, closing a deal valued at $1.8 billion.On Monday, Mastercard mentioned the acquisition combines its international community with BVNK’s onchain infrastructure to attach digital currencies with fiat currencies. The funds firm mentioned the mix would assist establishments, fintechs and enterprises develop their use of stablecoins and tokenized belongings throughout cross-border enterprise funds, payouts, settlement and treasury flows. In a separate announcement, BVNK mentioned it had formally turn into a part of Mastercard, including that…

Aswath Damodaran, often known as Wall Avenue’s Dean of Valuation, says the subsequent AI shakeout will hit smaller corporations hardest. He says the Magnificent Seven have the money circulate and stability sheet power to outlive it. In a brand new interview, Damodaran pointed to falling returns on invested AI capital at Meta, Alphabet, and Microsoft. He referred to as the drop exceptional given the businesses’ dimension. Small AI Names Carry Extra Threat The Magnificent Seven, Nvidia, Microsoft, Alphabet, Amazon, Meta, Apple, and Tesla, have spent tens of billions on AI infrastructure. Damodaran says their money circulate and debt capability hold…

SoFi Applied sciences, Inc. inventory surged post-earnings, closing at $18.02 on August 3. The session spanned a large $16.45–$18.08 vary on 75.7 million shares. This unstable motion alerts an energetic battle for management following the second-quarter report, with the inventory now testing key resistance. SOFI — every day chart with candlesticks, EMA20/EMA50 and quantity. Key takeaways SoFi delivered 40.5% year-over-year income progress to $1.21 billion, with non-GAAP EPS of $0.12 beating consensus by 9.9% The every day pattern stays impartial regardless of the rebound, with RSI at 55.57 and MACD nonetheless technically adverse Hourly RSI has reached overbought territory at…

Does demand exist on the XRP Ledger? Massive image raises questionsAfter momentarily surpassing one in every of its strongest utilization milestones in latest months, on-chain fee exercise on the XRP Ledger has seen a pointy reversal. Initially of August, the every day fee quantity between accounts surged above one billion XRP, however inside a day, it fell by about 90%, demonstrating how erratic community exercise nonetheless is. Does demand exist on the XRP Ledger? On-chain information from XRPL signifies that the quantity of funds exceeded one billion XRP on Aug. 1 earlier than falling again to roughly 100 million XRP. Though there are…

XRP is buying and selling between $1.06 and $1.07, roughly 43% decrease on the 12 months, with the 200-day EMA sitting 31% overhead and sloping down whereas the CLARITY Act stays stalled within the Senate and not using a scheduled flooring vote. Inside XRP’s 9-Week Vary XRP opened Monday at $1.0858 and printed a low of $1.0618 earlier than settling close to $1.0662, down roughly 1.75% to 1.8%. The token has spent the final 9 weeks compressing between roughly $1.00 and $1.19 following a pointy June collapse from $1.30, with a sequence of barely decrease highs since then. The descending…

HONG KONGRomance scams in Hong Kong web $9M in a single weekAn insurance coverage agent in Hong Kong was fleeced out of $3.3 million after her faux on-line boyfriend satisfied her to spend money on a fraudulent crypto utility. There have been 25 comparable romance-linked fraud instances reported to Hong Kong police between July 24 and July 30, which collectively defrauded lonely hearts of $9 million.Scammers usually join with victims by means of relationship or messaging apps and generally spend months constructing a rapport earlier than dropping the thought of investing in crypto. They direct victims to a web site…