XRP stayed in the bearish zone after a close below $3.20, just like its buddies Bitcoin and Ethereum. It’s like they’re all at a pity party. 🎈😢 The price dove below $3.10 and even took a nosedive below $3.00. Ouch! It tested the $2.950 support zone, hit a low of $2.941, and then tried to recover like a cat falling off a couch. 🐱🛋️
Their weekly report, a document as thick as a farmer’s calloused hand, revealed that digital asset investment products saw net outflows of $223 million last week. This halt in the flow of greenbacks was attributed to a shift in investor sentiment, particularly after some key US macroeconomic events. You know, those things that make Wall Street traders sweat like they’ve just run a marathon in a wool suit.
Ah, Chainlink (LINK), that darling of the blockchain ball, has risen over 18% in a mere week, now waltzing around $25. It broke through a stubborn resistance zone between $20 and $21-a feat as impressive as convincing your neighbor to stop borrowing your ladder without asking. This area had been rejecting prices faster than a snobbish gatekeeper since early 2025.
Now, let’s chew on this for a moment: Bitcoin’s Market Value to Realized Value (MVRV) ratio is strutting around at a sprightly +21%. This means that the average Joe who bought himself a slice of Bitcoin pie over the past year is sittin’ pretty in the green, as Santiment so kindly pointed out in their latest report. Ain’t that a sight for sore eyes? 🍰
Currently, Dogecoin [DOGE] is riding a suspiciously bullish wave on the 1-week chart. In mid-July, it heroically attempted to break free past $0.25-a multi-month high. Did it succeed? Alas, no. The bulls retreated, like actors bowing out after a botched first act.
Bitcoin [BTC], company of major altcoins, and the total market cap – oh, they all joined the red carpet event of the century, turning red as if a can of expired Martian paint was spilled on them over the last 24 hours.
Enter Daan Crypto Trades, the market’s resident oracle, who’s basically saying, “Yeah, this is normal. Bitcoin’s just stuck in a game of Red Light, Green Light.” 🛑🟢 Neither bulls nor bears are winning, and it’s all a bit *yawn*. But hey, he adds, once one side blinks, it’s gonna be fireworks. 🎆 Or a dumpster fire. 🔥🗑️
The Financial Services Commission (FSC) is plotting a stablecoin regulation bill for October 2025. It’ll cover won-backed stablecoins, collateral management, and risk controls-because nothing says “financial stability” like a government-mandated safety net. Per MoneyToday, Legislator Park Min-kyu spilled the beans at a hearing on August 18, 2025. The Virtual Asset User Protection Act? Phase two’s getting a stablecoin upgrade. Priorities, people. 🏛️
Ripple, darling, you absolute drama queen-you moved $606 million worth of XRP and didn’t even leave a sticky note? The crypto world is now collectively squinting at their screens like, “Is this a heist? A mistake? Or just Ripple’s version of spring cleaning?” 🧹
Their stash includes a mighty 1,523,373 ETH tokens, each grazing on the tender age of $4,326. Meanwhile, there are also 192 bitcoin (BTC)-enough to make even Satoshi do a double-take. All in all, the total is a cool $6.612 billion as of August 17, up by a spicy $1.7 billion from just the week before. It’s now the second-largest crypto treasury-right behind Strategy’s staggering $72 billion bitcoin unicorn. Who knew that the digital gold rush would look like this? 🤑
