After dropping below its rising trendline, which indicates a deterioration in short-term momentum, XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.

Given that the market is at a technical crossroads, the RSI indicates that a relief rally may be possible in the upcoming sessions. This mixed picture is further compounded by the consistent drop in trading volume. Since there is less conviction behind the sell-off, a relatively small amount of buying pressure could reverse the momentum and push it back upward, as indicated by the decreased participation.

In order to regain the ascending structure and pursue additional recovery, XRP may need to regain the $2.95-$3.00 zone. But hazards still exist. Now a crucial battleground, the 50-day EMA is situated just below current prices. A breakdown below this level might hasten losses in the direction of the 100-day EMA, which is located at $2.74. This area might serve as a last line of defense prior to more significant corrections.

All things considered, the XRP chart shows weakness, but not surrender. Bulls may soon have a chance to recover lost ground if the oversold RSI reading indicates that the downside momentum may soon stall. It is still possible for XRP to recover if volume increases and stays above its moving averages.

Bitcoin’s divergence

In addition to showing a pronounced bearish RSI divergence, the top cryptocurrency recently broke below its 50-day EMA, a historically significant support level. This pattern indicates that even though the price reached a new all-time high earlier this month, the underlying momentum has been gradually eroding.

This is a risky situation that frequently occurs before lengthy corrections. Because the divergence reflects market conditions observed in June 2022, when a similar setup preceded a deep and prolonged sell-off, it is especially concerning. Even though price action initially looked bullish, the RSI trended lower in both instances as the price pushed higher, indicating that buyers were losing strength. The final collapse resulted in a series of liquidations, and the state of the market now suggests that history may repeat itself.

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The apparent drop in trading volume strengthens the bearish argument. Usually, a declining volume trend during a retracement indicates that there is not enough demand at the current price levels. Given that Bitcoin is currently trading just above the 100-day EMA at $110,600, the likelihood of further declines increases in the absence of strong buyer support. The 200-day EMA, at about $103,500, might be the next crucial line of defense if this level gives way.

RSI is another warning sign, as it is currently approaching the neutral 40 zone. If it falls below 40, bearish dominance would be strengthened, which could hasten the downward trend. The market is delicately balanced in light of this, and further selling pressure could trigger a further decline.

Ethereum not empty

With Ethereum displaying resilience once more, there is conjecture that a run toward $5,000 might occur as early as September. ETH had to undergo a necessary correction after weeks of sharp increases, cooling off from its peak around $4,800. Crucially, the correction happened under control, with ETH recovering from the 26-day EMA and remaining above $4,200, a level that traders are currently targeting as short-term support. Corrections are frequently seen as a way to cool down markets, and Ethereum appears to have done so successfully.

While the recent pullback cleared out speculation and excess leverage, volume patterns indicate that sellers are waning as buyers gradually regain control. The technical room for another leg higher has been created by the RSI’s normalization after it had previously entered overbought territory. The self-driven correction in ETH’s setup is what makes it so interesting. Instead of being a panic-driven sell-off, Ethereum’s decline was more of a consolidation phase than a sudden market-wide crash. Usually a bullish sign, this type of behavior indicates that the asset is stabilizing before continuing on its current course.

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The likelihood of Ethereum retesting $4,800 increases if it keeps its footing above $4,200 and buyers keep intervening. A run toward the psychologically significant $5,000 mark would then be possible if that resistance zone were broken. Ethereum is the focus of renewed investor interest as Bitcoin consolidates and altcoin momentum increases.

Even though there are no guarantees in the cryptocurrency space, the charts indicate that ETH has established a stronger base for future growth. Ethereum may finally make the much-awaited move above $5,000 in September.

The cohort of publicly traded companies with holdings of at least 1,000 Bitcoin (BTC) has surged from 24 at the end of the first quarter to 35 as of July 25, representing a nearly 50% increase.

According to new figures released by Chris Kuiper, vice president of research at Fidelity Digital Assets, the growth pushes the group’s combined stash to almost 900,000 BTC, edging it toward the symbolic 1 million BTC mark.

The chart shows that after hitting a plateau in 2023, the number of heavyweight corporate holders began to accelerate late last year and has continued to rise. 

Distributed acquisitions

Kuiper argued that, in addition to the increase in companies, the pattern of buying also showed a significant change.

In the first quarter, companies acquired just under 100,000 Bitcoins. One firm dominated that flow, leaving other slices of the pie chart thin. 

By the second quarter, purchasing had climbed to more than 154,000 BTC, representing a 35% increase from the previous quarter. More importantly, the acquisitions were shared across a far broader set of treasuries. 

The second pie chart bristles with new slices, signalling that Bitcoin is no longer the preserve of a handful of balance‑sheet pioneers.

Rising demand

Aside from the Bitcoin acquisition by heavyweights, broad corporate adoption also increased this year.

In the first six months of 2025, public companies absorbed 245,510 BTC, more than double the 118,424 BTC created for spot exchange‑traded funds over the same stretch. 

That haul is a 375 % leap from the 51,653 BTC corporates picked up in the comparable 2024 period, while exchange-traded fund (ETF) demand plunged 56 % year‑over‑year after last year’s launch‑driven burst. 

Strategy still led the pack with 135,600 BTC, representing nearly 55% of the total, but its share has declined from 72%, indicating that buying has broadened beyond a single bellwether. 

Boards now purchase roughly 2.1 BTC for every ETF coin minted, framing Bitcoin less as a speculative punt and more as working capital or a reserve asset.

Mentioned in this article

Electing not to wind up sued by the Trump Department of Justice, Kaiser Permanente has caved to pressure and will “pause” gender-affirming surgeries for minors scheduled beginning on August 29th.

“After significant deliberation and consultation with internal and external experts including our physicians, we’ve made the difficult decision to pause surgical treatment for patients under the age of 19 in our hospitals and surgical centers,” the nonprofit health care system said in a statement Wednesday.

…

“We recognize that this is an extremely challenging and stressful time for our patients seeking care, as well as for our clinicians whose mission is to care for them,” Kaiser said. “We will remain a voice and advocate for safe, high-quality, and evidence-based care for transgender patients.”

The health care consortium said the regulatory environment has created “risks” for health systems, clinicians and patients, and said it would continue to meet with regulators, patients and others “​​with the goal of identifying a responsible path forward.”

Oregon Live

Other forms of gender-affirming care will still be available.

Previously:
• Fast-tracked South Dakota bill will felonize doctors who offer gender-confirmation therapy to trans kids
• Bigoted teacher uses God as excuse for disrespecting his trans students

At the BTC Prague conference this week, Strategy (formerly MicroStrategy) co-founder Michael Saylor stated that Bitcoin treasury companies can grow as quickly as they can issue equity and credit to purchase Bitcoin.

Delving into the business model of Bitcoin treasury companies like Strategy, Saylor explained how corporate investment in BTC can far outpace individual investments.

Business model of Bitcoin treasury companies

Several major companies have announced plans or are mulling the launch of a Bitcoin treasury. For instance, earlier this week, Brian Armstrong, CEO of Coinbase, the largest U.S. crypto exchange, hinted at launching a BTC treasury. The $2.3 billion Trump Media, which is majority owned by President Donald Trump, raised to buy BTC was effectively approved by the U.S. Securities and Exchange Commission (SEC) earlier this month.

Saylor explained that BTC treasury companies, which have been growing in popularity over the past few months, have a very simple yet ‘elegant’ business model.

Saylor explains this with an example. Let’s say a dentist buys about $200,000 worth of BTC every year. In 20 years, the dentist would have bought about $2 million worth of BTC.

However, a public corporation can buy BTC at a much faster rate. A company can issue credit in the form of anything from convertible bonds, junk bonds, to preferred stocks, and buy $2 million worth of BTC in a month.

According to Saylor, companies buying BTC can become immediately profitable, allowing them to issue securities and buy large amounts of BTC every month. He said:

“…the simplicity in the business model is I’m just going to issue billions and billions and billions of dollars of securities and buy billions and billions and billions of dollars of Bitcoin.”

This model, Saylor believes, will transform the equity and capital markets from being cash-based to Bitcoin-based.

“…that’s I think, what we see right now in the market, that we are going into a BTC-denominated world.”

BTC Treasury companies can grow as fast as they can issue equity

Saylor noted that the “rate at which a company can issue equity or credit,” and use it to buy BTC, is “exponential.” A Bitcoin treasury company’s growth rate is, therefore, significantly faster than traditional business cycles. Saylor said:

“You can grow literally as fast as you can issue the security and buy the Bitcoin. And that is an investment cycle which is 1,000 times faster than a physical real estate cycle or a business cycle. So it’s faster, it’s homogeneous.”

According to Saylor, credit or equity is valued based on expected future cash flows—investors buy security and lend money to the company based on how much the firm can earn in the future. In the long term, the value of the cash can also decline. This means that there is a long “heterogeneous equity risk,” Saylor said.

But Bitcoin treasury companies are valued based on their ability to buy Bitcoin rather than via operations, which calls for special metrics to value Bitcoin-backed equity.

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On-chain data shows that Bitcoin’s (BTC) “ancient supply” is increasing faster than new BTC daily issuance, according to a June 18 research by Fidelity Digital Assets.

The report treats ancient supply as Bitcoins that have remained unmoved for at least a decade, and it counted an average of 566 BTC entering the 10-year-plus cohort daily since April 2024, surpassing the 450 BTC miners currently add to circulation every day.

The milestone arrived less than a year after the 2024 block-reward halving cut issuance in half, redefining the network’s supply dynamics. 

Ancient supply represents more than 17% of all mined Bitcoin, about 3.4 million BTC worth roughly $360 billion at $107,000 per coin, up from near zero when the metric was first calculated at the start of 2019. 

Satoshi Nakamoto holds 33% of this stash, while another unknown portion may be irretrievably lost. However, analysts note that any coin can still be brought back into active use.

Conviction and volatility

Daily declines in the 10-year bucket occur less than 3% of the time, but the share rises to 13% when the threshold drops to five-year holders. 

The report highlighted that the post-2024 US election period increased churn among even the most steadfast wallets. Since November, the ancient supply has shrunk on 10% of trading days, quadrupling its historical average. 

Movement from 5- to 10-year holders appears more sensitive. Coins aged at least five years exited their bucket on 39% of days over the same span, triple the norm. 

The report linked that surge to first-quarter sideways prices, arguing that heightened distribution from older cohorts can mute short-term upside even while net scarcity rises.

HODL rate turns positive

Fidelity also assessed the “HODL rate,” defined as the ancient supply inflows minus new issuance.

The measure flipped positive in April 2024 and averages positive 116 Bitcoin per day, reinforcing the idea that a hardening core of holders is absorbing circulation faster than miners can replace it. 

Because Bitcoin’s issuance schedule is programmed to decrease with halvings, the firm projects that the circulating supply will reach 20% of all Bitcoin by that year and 25% by 2034, based on current trends.

Public corporations may accelerate the trend. Twenty-seven listed companies now collectively hold more than 800,000 BTC. 

Fidelity’s model predicted that the ancient supply will exceed 30% of the float by 2035 if firms with 1,000 BTC or more continue to hold coins on their balance sheets. 

Despite the suggested scarcity, it does not guarantee higher prices without the appropriate level of demand to absorb it.

However, a durable rise in long-term controlled coins tightens the float available to traders and increasingly ties price discovery to marginal flows. 

Fidelity concluded that Bitcoin now stands apart from commodities with elastic supply.

Mentioned in this article

African Crypto News: South African judges hope Tether is ready for cryptographic preparations to invest in Shiga Digital.

A South African judge criticized the country’s financial regulators for relying on apartheid-era laws to regulate codes. In Kenya, a central bank survey revealed that the number of banks is increasing to support cryptocurrency payments. Meanwhile, Tether, the publisher of the popular USDT Stablecoin, is investing in Shiga Digital, a Pan-Africa crypto and fintech platform. Tether wants to expand its presence on the continent.

Explore these code stories that dominated African headlines this week.

Discover: 9+ Best High Risk, High Reward Crypto Buy in June 2025

South African Crypto News: Judges Want Modern Laws

Mandrenkosi Mosa, a judge of the South African High Court, It was criticized South Africa Reserve Bank for regulating cryptography using apartheid-era law.

He said that codes have been around for 15 years and there is no reason to continue using outdated laws.

These comments were made in an award that included James Ewing & Sons, which was transferred to the international crypto exchange by South African Bank Standard Bank and James Ewing & Sons.

https://www.youtube.com/watch?v=iebj6pg7zqk

Part of the discussion centers around South Africa’s Exchange Management Act.

Judge Motha agreed to filings made during the case regarding the inadequacy of old laws to regulate cryptography, including some The next cipher that explodes.

These comments highlight the need to modernize crypto exchange management and related laws. It comes especially when South Africa becomes a crypto hub.

South Africa is quietly becoming Switzerland in Africa’s C-Leipt…

248 cryptographic licenses had been approved by December 2024, 420 applications were received, and only nine were rejected.

This is the approval rate of 95% or more for companies that meet the standard.

What is driving this:

– Clear…

– idris (@olanetsoft) June 3, 2025

Kenya Crypto News: Ready to provide Crypto Services

According to central bank innovations investigationalmost a third of Kenya’s banks are ready to support crypto trading.

Congress is currently discussing the law on virtual asset service providers, and the findings show that the banking sector can support it.

https://www.youtube.com/watch?v=cumkpoloaoo

The survey is informal, but it shows the opportunities banks can see in the industry.

The banks are warming ten years after the central bank of Kenya discouraged the bank from engaging in Bitcoin and crypto.

(sauce)

If the VASP bill before Congress was enacted in law, it could be a fork moment for crypto, allowing businesses to operate within a defined regulatory framework.

Millions of Kenyans are already trading in a variety of cryptos, and supportive frameworks can further promote use and even let more capital be leaked to some. Best Meme Coin ICO.

Discover: 20+ Next Cryptocurrency to Explode in 2025

African Crypto News: Tether is investing in and looking to expand in Shiga Digital

Tether, the publisher of USDT, has expanded its presence in Africa investment Participate in digital.

The Stablecoin publisher aims to improve the use of USDT for cross-border African settlements. Most importantly, the wide reach and reliability of USDT can provide valuable liquidity to Shiga Digital.

Do you need a simple and easy way to receive GBP or Euro from Stablecoin to your bank account? Simply share your Shiga Stablecoin wallet and receive GBP or Euros in either your GBP or Eur Bank account.

Once you have set up your account, simply send it to the one you associate with Stablecoin…

– abiolashogbeni.eth (@shogz_snr) January 2, 2025

USDT is a key trading pair for thousands of cryptos and a safe shelter for traders looking to mitigate trading volatility.

Shiga Digital is building a product suite and off-the-shelf service for its users, so this partnership could be a win-win.

Shiga Digital specializes in blockchain apps for digital finance and cloud technology.

It has a Pan Africa focus, with co-founder Abiola Sigbeni bringing insight into the African market.

Discover: Next 1000x Crypto – 10 coins that can be 1000x in 2025

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I saw a demo of Gemini Live’s multimodal video streaming and screen sharing support at Google I/O 2024, and admittedly, I was skeptical Project Astra would scale down to smartphones well. Fast-forward about a year later, and Project Astra is in the hands of millions of Google Pixel 9, Samsung Galaxy S25, and Gemini Advanced users. It’s ready, and it’s here — but is it actually useful?

The answer is that it absolutely can be, as long as its use cases are personal to you. For instance, Gemini Live’s multimodal features aren’t going to be a better alternative to Google Search or Circle to Search in most cases. However, in specific circumstances where it’s better to show than tell, Gemini Live’s camera support can come in handy.

After weeks of testing Gemini Live with video streaming, the feature has become an irreplaceable part of one of my non-tech hobbies: gardening. I’ve done it all my life, but after moving from the Garden State to the Arizona desert, I had to relearn everything — new growing seasons, care techniques, problems, and everything in between.

To my surprise, it wasn’t Google or Reddit that helped me navigate this climate most. It was Gemini Live.

Gemini can probably identify plants way better than you can

AI can be fun to play around with, but it’s only truly useful if you know when to use it. Specifically, Gemini Live’s camera features offer the most utility when you have something right in front of you that you’re not sure how to describe. Maybe it’s a piece of furniture in a coffee shop you don’t know the name of, or a monument with a faded plaque. In these situations, typing a written prompt into a chatbot or a search engine won’t do you any good.

That’s where you’d want to turn on your camera in Gemini Live. It’ll help out in many situations, including identifying plants. I picked up a few small potted plants from Ikea and turned to Gemini Live to figure out exactly what they were and how to care for them. Here’s how Gemini responded, based on pointing my camera at the plant:

While this is all happening off-device, Gemini returned the answer pretty fast. Sure enough, it looks like an aloe vera plant. After that, I took the AI assistant up on its offer to enlighten me on care options. Here’s what it said:

The responses were clear and concise, and they ended up saving me a ton of time researching care instructions for a plant I wasn’t even sure the name of a few minutes earlier.

It’ll come up with care options for your plants, too

If Gemini Live were only able to identify plants by looking at them, it would be cool, but it wouldn’t be groundbreaking. The killer feature here is the care instructions that Gemini can provide just by looking at a plant. To test this, I showed it a live camera feed of my basil plant and asked how I should take care of it, and Gemini replied with the following:

I then told Gemini I was planning to keep the basil out on my balcony, and it seemed to like the idea.

The cool thing about going “live” with Gemini is that you can easily provide context or follow-up questions in real time. For example, when the AI suggested I bring it inside when the temperature drops, I could let Gemini know that it won’t be an issue in my climate. It’s easy to get context-specific advice when using your camera with Gemini Live.

When issues arise, Gemini Live can diagnose them

By far, Gemini Live’s most useful capability is diagnosing problems you might run into with your plants. As I mentioned earlier, I’m new to growing plants in the desert, and it’s a learning curve. Since the sun is so intense and the temperature can exceed 120 degrees Fahrenheit, the climate is unforgiving. I was bound to run into issues, and Gemini Live helped me navigate them.

In one case, my hydroponic jalapeño and tomato plants were having a hard time. The jalapeño leaves were browning, and the tomatoes just weren’t turning red. It was Gemini that suggested my apartment’s temperature could be the problem, and sure enough, after turning up the heat for a few days, the tomatoes ripened. It also identified health problems with my plants, as explained in the reply below:

It’s important to remember that while you’re reading the transcript of my conversation with Gemini, this is all being spoken to me in real-time — the same way you’d have a conversation with another person.

I realized Gemini Live’s multimodal features were the real deal when it noticed that I was using an AeroGarden hydroponic system just from the information it could see via my camera feed. After picking up on that information, I received tailored care instructions as follows:

While I might usually dive into gardening books, research studies, or Reddit threads for hours to solve these types of problems, everything you see in this article happened within just a few minutes.

Often, plant growing problems can show the same symptoms, making them hard to diagnose, especially when you’re just getting started. Gemini was vital in helping me overcome them.

My plants are stronger than ever thanks to Gemini Live

If you’ve gotten this far and aren’t as excited by Gemini’s gardening prowess as I am, fear not. This is just one way Gemini Live can help you out in your daily life, and there are many more. I used Gemini to solve problems with my plants, but in the tech world, we simply call that troubleshooting.

You could follow the exact same steps for just about anything else you need to figure out. In Google’s first-ever demo of Project Astra at Google I/O 2024, it used the technology to troubleshoot a finicky record player. These are exactly the kinds of things AI can be great at — it is trained on material that includes user manuals, textbooks, and even online forums. You can tap into the online history of the internet without doing any of the work.

So, before you write off Gemini Live, give its new multimodal camera support a try. When you find your use case for it, it’ll become invaluable.