Bitcoin Overtaken: Altcoin Leverage Surges
Data shows altcoin perpetual open interest surpassed bitcoin’s on Sept. 6, with Zcash ($ZEC) open interest hitting a record $2.4B. #Update #Crypto $ZEC
Data shows altcoin perpetual open interest surpassed bitcoin’s on Sept. 6, with Zcash ($ZEC) open interest hitting a record $2.4B. #Update #Crypto $ZEC
Bitcoin slipped 1.1% as Nasdaq 100 futures rose 0.3%, halting the weekend’s double-digit altcoin gains. #Update #Crypto $BTC
Large investors are accumulating $BTC as altcoins face five-year high selling pressure, with CryptoQuant noting stable whale activity. Santiment warns excessive optimism may hinder growth. #Update #Crypto $BTC
Altcoin markets saw a record $266 billion in net selling volume, with altcoins accounting for 51% of Binance futures trading on June 16, indicating capital rotation within crypto. #Update #Crypto $BTC $ETH
Citibank’s 2021 document phrase change from “Regulated Internet of Value” to “Regulated Liability Network” sparks XRP debate, suggesting potential price suppression. #Update #Crypto $XRP
Cardano’s DeFi metrics are rising, suggesting resilience despite market volatility, according to a DEX aggregator. #Update #DeFi $ADA
Ripple’s formal verification for the upcoming XRP Ledger lending protocol reveals complex edge cases missed by standard testing, enhancing security with AI support. #Update #Crypto $XRP
Crypto analyst Crypto Patel predicts $XRP could reach $10-$20 by its 20th anniversary in 2032, highlighting its historical resilience and regulatory clarity. #Update #Crypto $XRP
Evernorth reports XRP Ledger transactions have tripled to nearly 3M daily, driven by financial institutions like Braza Bank using $XRP for real banking activities. #Update #Crypto $XRP
Crypto analyst Crypto Patel outlines a roadmap for Litecoin’s potential rally to $1,000, citing multi-year accumulation and institutional adoption probabilities. LTC trades at $52. #Update #Crypto $LTC
Bitcoin ($BTC) and Ethereum ($ETH) remain range-bound, while $NEAR surged 28.5% amid altcoin rotation; privacy coins faced sell pressure. Crypto futures volume rose to $160B. #Update #Crypto $BTC $ETH
Canary Capital CEO predicts 30% rise in $XRP investor interest and potential price doubling by December; recent ETF inflows hit $60M, totaling $1.39B. #Update #Crypto $XRP
Tokenized US Treasury bonds on the XRP Ledger surged from $50M to $418M in a year, highlighting Ripple’s blockchain. Total XRPL tokenized assets now exceed $3.6B. #Update #Crypto $XRP
Failed transactions on the XRP Ledger surged amid increased user activity, as $XRP price hit $1.54 before retreating. Active addresses peaked at 48,453. #Update #Crypto $XRP