XRP goes big in New York

The top U.S. exchange, Gemini, is making the most of its XRP product with a new billboard in the heart of the Big Apple.

• “Spend Dollars, Earn XRP.” That is the message behind the exchange’s massive new billboard in the USA’s biggest city.

Founded by the Winklevoss brothers, the U.S. cryptocurrency exchange has really upped its advertising game for its new XRP card, launched earlier this week. As U.Today reported, this helped Gemini briefly overtake its biggest competitor, Coinbase, on Apple’s App Store.

• Success is questionable. Gemini cards received a mixed response from the XRP community.

Some XRP enthusiasts criticized Gemini’s solution for not really bringing anything new to the table. Despite the negativity, a bunch of Ripple executives and CEO Brad Garlinghouse in particular were not against showing off their XRP cards, which were launched in partnership with the enterprise blockchain company.

Ignoring the backlash from the community, the latest ad campaign shows that Gemini is serious about staying competitive in the U.S. crypto exchange market and sees XRP as a valuable asset in its efforts to compete with Coinbase, Kraken and Binance U.S.

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Star investor Ray Dalio reveals why crypto is real alternative to dollar

The hedge fund veteran says the clock is running out on what he calls the “big debt cycle.” Interestingly, cryptocurrencies — Bitcoin in particular — are at the center of attention, just as Satoshi Nakamoto designed it to be in 2008.

The star investor points to crossroads. If banks step back, it will be the natural market forces that push interest rates higher. That could cool inflation. But it would push households and companies into default as debt would become harder to carry.

The flip side is printing more money through quantitative easing, which might keep the system alive but chips away at trust in fiat, and Dalio warns of a loop where rising debt forces even more money creation, eating into the dollar’s credibility as a safe store of wealth.

He still prefers gold but is also open to crypto, recently saying up to 15% of a portfolio could go into Bitcoin or gold for the best risk-return mix. Some may see it as a far cry from his earlier stance, but the sign that hard-capped assets like BTC are moving up the ladder in Dalio’s playbook is evident.

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Dogecoin rockets 617% in liquidation imbalance as DOGE bulls take $7 million hit

Dogecoin, the “meme coin king,” has started September with $8.11 million in liquidations, hitting bulls the hardest as the DOGE price plunges back to 21 cents.

• What happened? A whopping $8.11 million in liquidations were accounted for by Dogecoin in the last 24 hours, with $6.98 million coming from longs, while shorts lost just $1.13 million — a stunning 617% liquidation imbalance.

According to CoinGlass, this DOGE wipeout was part of a wider $371 million flush-out across the entire crypto market. It was the long positions that suffered the most, showing how fragile all the optimism was. In an evident display of how risky leverage can be in historically choppy September conditions, bulls took the biggest hit.

As market analysts point out, the $0.208 zone has been tested five times and is now seen as a critical support level for the coin. On the upside, $0.225 — a price that lines up with the 50-day moving average — stands as the first major resistance. If Dogecoin breaks above that, a stronger recovery might be in the cards. But there’s a chance that if it keeps being rejected, there could be more selling pressure.

• September promises to be busy. Usually, this month is one of the weakest for crypto, but will 2025 be any different for Dogecoin?

There are quite a few checkpoints that might have the answers you are looking for. The first thing to watch is the Federal Reserve’s policy meeting on Sept. 16-17, which is likely to have a big impact on crypto prices.

With the big picture still looking totally uncertain, it seems like Dogecoin’s next big move might have more to do with how global markets react to the Fed’s message than how much retail investors are feeling it.

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Shiba Inu forms first 2025 golden cross

Shiba Inu saw an 85% rise following the last golden cross occurrence. 

• Technical signal. SHIB 50-day MA crossed above the 200-day MA, creating its first daily golden cross this year.

Shiba Inu has formed a golden cross on its daily chart, the first such occurence in the year 2025, as SHIB saw a death cross on its one-day chart in February this year. The short-term moving average 50 has crossed above the long term moving average 200, resulting in a bullish golden cross.

• Significance. Bullish signal suggests potential upside, though market context remains cautious.

While Shiba Inu has formed moving average crossovers on the hourly or 4-hour time frames, the newly created golden cross is the first such on the daily chart this year. With this newly created bullish signal on the Shiba Inu charts, the market awaits where the dog coin will go next.

The broader cryptomarket is seeing continued profit taking, with major cryptocurrencies reversing early gains. Shiba Inu fell for three straight days from Aug. 22, when it saw a sharp rise from $0.000012 to $0.0000135. The drop hit a low of $0.00001183 from where Shiba Inu sharply rebounded in yesterday’s session.

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XRP whales dumping tokens amid $3 struggle

Recent data shows that distribution is currently taking place as XRP is struggling to reclaim the $3.

• Whale activity. CryptoQuant analyst Maartunn reports heavy XRP whale distribution, with flows flipping negative on-chain.

The chart shared by the analyst shows that whale flows on the XRP Ledger recently flipped into negative territory. According to Maartunn, a pseudonymous cryptocurrency analyst at CryptoQuant, XRP whales are currently in the process of heavily offloading their tokens. 

• Historical context. Similar sell-offs earlier in 2025 coincided with a local peak and sharp correction.

 A similar pattern, for instance, could be seen in early 2025, when the price of the token reached a local peak. This coincided with sustained whale distribution. Of course, the XRP token suffered a major correction back then. 

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Ripple CEO flaunts new Gemini XRP card

Brad Garlinghouse has posted a photo of himself rocking the new XRP card.

• Ripple CEO joins in. Garlinghouse showcased his card on social media.

Brad Garlinghouse, the CEO of Ripple, recently took to the X social media to show off his new XRP card. Gemini released its XRP credit card on Monday. The card, which offers up to 4% cash back on various products and services, was released due to the price massive gains recorded by the XRP token, Gemini says. 

• Community reaction. Despite the hype, reception among XRP holders was lukewarm.

However, the product received rather tepid reactions within the XRP community, with many claiming that it failed to live up to the hype that the exchange was trying to generate prior to the announcement. Gemini has had XRP awards with its ordinary rewards for months, meaning that the new product does not bring anything particularly novel to the table.  Some XRP holders have also criticized the fact that the new card is available only in the U.S. 

Gemini CEO Tyler Winklevoss has said that the exchange is going to give Ripple Garlinghouse “the whale limit” on his XRP card. “I’m told he’s good for it,” he quipped.  David Schwartz, chief technology officer at Ripple, has also posted his XRP rewards card that he was holding while wearing an XRP shirt and belt as well as drinking at XRPresso. 

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Bitcoin sees 1,530% liquidation imbalance as longs crushed

Bitcoin price triggers abnormal 1,530% liquidations imbalance in just four hours. 

Bitcoin’s latest derivatives data by CoinGlass shows an unusual tilt in liquidations, with the past four hours producing a total of $5.62 million in positions that received margin calls. The split is the main thing here, as about $5.28 million in longs were squeezed out compared to just $345,000 in shorts, which works out to an imbalance of as much as 1,530%.

This shakeout was caused by Bitcoin moving between $111,000 and $111,300, with the price failing to hold early gains and sliding back toward the lower band of that range. A lot of accounts that were ready for a rebound were hit when they were not expecting it.

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Peter Brandt names key level for Bitcoin

Top trader Peter Brandt claims that Bitcoin (BTC) is facing a potential double top.

• BTC alert. Peter Brandt warns BTC bulls must reclaim $117,570 to avoid a “potential” double top.

Legendary trader Peter Brandt claims that Bitcoin bulls desperately need to reclaim the $117,570 level in order to avoid a “potential” double top. The leading cryptocurrency is currently changing hands at $111,794 after dipping to an intraday low of $100,381.

During the weekend, a Bitcoin whale liquidated a total of 24,000 coins that were worth more than $2.7 billion. It is believed that the massive crash was the key reason why the price of the leading cryptocurrency has now collapsed by $4,000 in mere minutes. 

• Reactions. Adam Back called the sell-off “clumsy.”

Blockstream CEO Adam Back described this kind of activity as clumsy. “Normally, people with that kind of money would be smarter,” Back said.  Even though some market participants have downplayed the importance of the massive whale move, Brandt insists that it should not be dismissed since it represents supply.  As noted by Brandt, market tops tend to be created by supply or distribution. 

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Dogecoin (DOGE), the king of meme coins, has registered a significant uptick in price. In the last 24 hours, the price climbed by more than 11%, setting up a liquidation imbalance of 875% within the past hour.

Bearish traders hit hard as DOGE price surges

As per CoinGlass data, bearish traders suffered more as they were stunned by the price shift. Short position traders saw $700,590 as the price of the meme coin rose steadily following a shift in broader market dynamics.

As of this writing, Dogecoin is changing hands at $0.2359, representing an 11.34% increase in the last 24 hours. DOGE soared to an intraday peak of $0.2417 before experiencing a slight decline.

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The trading volume remains high as it spiked by 165.15% to $5.42 billion in the last 24 hours. This suggests that investors are excited by the increased price performance in the Dogecoin ecosystem.

Meanwhile, those betting long on DOGE also witnessed a negligible loss of $71,880 within the same time frame. The broader market dynamics and rotation of funds into altcoins have paid off for DOGE in the last 24 hours. Investors are embracing riskier assets in the market as recovery kicks in.

Additionally, Dogecoin’s correlation with Bitcoin, the flagship cryptocurrency, has supported the current rebound move of the meme coin. Notably, Bitcoin has, within this same time frame, achieved stability above the $115,000 level.

Is Dogecoin price rally toward $0.30 possible?

Interestingly, less than 96 hours ago, popular on-chain analyst, Ali Martinez, had hinted that DOGE was consolidating and preparing for a possible 40% price increase.

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As highlighted by Martinez, the meme coin could take a while before it attains this level of price gain. If it materializes, the asset could hit $0.30.

A lot might rest on the activities of ecosystem bulls to push prices up to $0.30. Worthy of mention is that Dogecoin whales have been active in the last 10 days. Whales purchased a total of 400 million DOGE valued at over $90.79 million amid the price dip.

Investor Tom Lee believes that Bitcoin (BTC) will reach his ambitious price target over a long arc of time.

In a new CNBC interview, Fundstrat’s CIO says Bitcoin looks poised to hit new all-time highs this year, driven by an expanding global money supply.

According to Lee, he expects Bitcoin to surge by at least 41% from current levels before the year expires.

“Bitcoin is responding to global liquidity, which is moving up. And I think it’s anticipating a dovish Fed next year, so that’s a tailwind for Bitcoin. 

Bitwise has a great stat: 95% of all Bitcoin has been mined, but 95% of the world doesn’t own Bitcoin. So I just think that there’s still a huge demand versus supply imbalance, meaning there’s a lot more potential buyers of Bitcoin over the next 10 years. So I think there’s a lot of upside to year-end… Yeah, [I got a target] of $150,000, maybe $200,000 or even $250,000 this year.”

But over an extended period of time, Lee sees Bitcoin catching up to or even surpassing the market cap of gold, ultimately leading to a massive price tag for BTC.

“I think at a minimum, it should have the same network value as gold, and if you look at above-ground gold, it’s probably $23 trillion, so that would $1.2 million for Bitcoin. But I think Bitcoin is more valuable than gold. Bitcoin could be $2 million, $3 million long term, even higher.”

At time of writing, Bitcoin is trading for $105,900.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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