The market dominance of Ethereum should not be forgotten as the market-wide recovery affects SHIB and XRP, which are rallying forward and might see a bullish rally continuation starting from Sept. 10. Despite our previous gloomy market review, the overall state of the industry is becoming healthier.

Don’t forget Ethereum

At a time when many altcoins are still having difficulties, Ethereum (ETH) has once again reminded the market of its dominance and resilience. The fact that ETH, the second-largest cryptocurrency by market capitalization, has recovered well from recent declines and is currently trading at about $4,372 shows that it still has the strength to influence overall market trends.

Following its ascent above the crucial $4,000 support zone, ETH steadied itself within a narrow range without ever displaying signs of weakness. By acting as a dependable floor and deterring bears, the 50-day EMA at $4,168 has offered a solid technical foundation for a recovery. Now that ETH is maintaining a strong hold above this level, traders are paying closer attention to a potential trend reversal that might push the token back toward the $4,600-$4,800 resistance zone.

Ethereum’s ability to hold its ground while Bitcoin consolidates is what makes this most recent move noteworthy. With ETH potentially leading the next bullish wave instead of just following BTC, this decoupling suggests a change in the market’s structure. This view is supported by the RSI, which is currently at 52, indicating that Ethereum has recovered from overbought conditions while still having a lot of room to rise.

Volume has stabilized, indicating steady participation without speculative blow-offs, despite not being as explosive as it was during the rally in July. This stability is crucial because Ethereum has the technical basis to stage another leg higher if inflows of new capital resume.

Ethereum’s recent performance is a reminder of its dominance on the cryptocurrency market. It is evident that the asset is far from depleted when it maintains above $4,000 and defends its moving averages. ETH may be the first significant altcoin to signal a significant market-wide reversal if the current momentum continues, reaffirming its position as the leader in price action and innovation in the digital asset space.

XRP takes its shot

XRP is pushing above $3.00 after recovering from the $2.77 support zone, indicating that it is once again showing signs of strength. This move appears promising at first glance, particularly given that the asset has tested and remained above important short-term moving averages.

However, given the state of the market, investors should exercise caution because what appears to be the beginning of a breakout could still be a dead cat bounce. From July highs around $3.80, the chart shows a distinct descending resistance line, which XRP is currently reapproaching. A stronger bullish case would be confirmed by breaking through, but history demonstrates that such levels frequently serve as a trap for eager buyers.

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A quick retracement and another rejection could result from failing to maintain momentum at this point. The 50-day EMA at $3.07 is a potential immediate resistance level that heightens the caution. It is probable that sellers will reenter the market if XRP does not close significantly above it. A break below the 200-day EMA at $2.53 would turn the structure bearish once more, with the 100-day EMA at $2.78 serving as crucial support.

Momentum indicators lend credence to this cautious perspective. The RSI is at 55, slowly rising but not yet displaying a strong sense of bullishness. The current rally may not have the depth required for a long-lasting trend reversal, as evidenced by the muted volume, in contrast to the explosive rallies earlier this summer.

Even though XRP’s rise above $3.00 is positive, it is still much too soon to rejoice. Before announcing a win, traders should prepare for the possibility of rejection and revocation. The current move runs the risk of being little more than a brief bounce unless XRP can break its descending trendline with significant volume.

Shiba Inu speeds up

Following its breakout from a consolidation pattern, Shiba Inu’s rally is evidently picking up speed. After soaring past the $0.00001287-$0.00001297 resistance cluster created by the short-term moving averages, the token is now trading close to $0.00001307. Bulls now feel more confident, and the technical setup of SHIB has received more attention as a result of this breakout. SHIB appears well-positioned for future gains at its current levels. 

The next significant test is the 200-day EMA at $0.00001386; a strong breakout above it might push the rally further toward the $0.00001500-$0.00001600 region, which was last observed in mid-August. Momentum indicators lend credence to this optimistic outlook: the RSI has increased to 55, indicating increasing buying interest without yet displaying overbought conditions. Additionally, the volume has increased, confirming that this rally has real momentum.

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The longer-term structure has not changed much despite the short-term outlook appearing solid. SHIB is still trading well below the $0.00002000 levels, which marked the end of the summer rally, and the asset is still threatened by the larger downtrend that started following the 2021 highs. Though encouraging, the current breakout does not yet signify a significant change in Shiba Inu’s macro outlook.

The 200 EMA, which frequently serves as a major barrier, is another area where investors should be wary of possible volatility. If Shiba Inu does not make a strong push, there may be a retracement back toward the support level of $0.00001280. There is a strong technical setup for short-term traders to keep an eye on, and Shiba Inu’s bullish rally is accelerating at the current levels.

The current state of the market expresses some hope for bulls as multiple assets are showing signs of accumulation and might provide us with grounds for recovery sooner than anticipated. Risks of a bearish reversal are still there, though.

• ADA price started a fresh decline below the $0.850 support zone.
• The price is trading below $0.8320 and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken).
• The pair could start a fresh increase if it clears the $0.820 resistance zone.

Cardano Price Dips Further

After a steady increase, Cardano faced sellers near $0.880 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.850 and $0.8320 support levels.

The bears even pushed the price below $0.820. A low was formed at $0.8003 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low.

Cardano price is now trading below $0.820 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair.

On the upside, the price might face resistance near the $0.820 zone. The first resistance is near $0.8280 or the 76.4% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. The next key resistance might be $0.840.

If there is a close above the $0.840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8620 region. Any more gains might call for a move toward $0.880 in the near term.

Another Decline In ADA?

If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.80 level.

The next major support is near the $0.780 level. A downside break below the $0.780 level could open the doors for a test of $0.7620. The next major support is near the $0.750 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.8000 and $0.7800.

Major Resistance Levels – $0.8200 and $0.8400.

PEPENODE reimagines how presales can work by giving participants something to do from day one.

Instead of buying tokens and waiting for the launch, you step into a fully interactive virtual mining simulator. Here, you can build your own server rooms, purchase Miner Nodes, upgrade facilities, and increase your hash power in real time.

The presale is already live at $0.001008 at the time of writing, and those who join now can get the $PEPENODE token at a low price. They can also stake their purchase immediately to start earning rewards.

The real hook is that your tokens are not just sitting idle. You can start putting them to work in a gamified mining environment before the token generation event.

Why This Presale Stands Out: How Mining Works on PEPENODE

Most presales are quiet. You buy in, then wait for weeks or months until the token launches. PEPENODE is different because it gives you something to do right away. Its off-chain mining game lets you start building your operation while the presale is still running.

You can watch your hash power grow, track rewards, and see upgrades happen in a live dashboard.

Early buyers also get a significant advantage. PEPENODE uses tiered node rewards, so the earlier you join, the more powerful your nodes will be. Stronger nodes mine faster and yield more rewards, giving you a head start before everything moves on-chain.

The mining game has two parts: Miner Nodes and facility upgrades. Nodes provide mining power, and upgrades enhance your setup’s speed and efficiency. The stronger your setup, the more you can earn.

It may look like a game, but your choices matter. Knowing when to upgrade and where to invest can increase your rewards before launch. The goal is to build the best setup so you are ready for the on-chain phase.

Tokenomics Built for Growth and Scarcity

More than 210 billion $PEPENODE tokens have been minted, with no private rounds or insider allocations. The distribution is aimed at building the ecosystem and rewarding the community.

35% of the supply goes to economics and treasury, funding business development and community events. 15% supports infrastructure, including marketing and operational scaling.

Node rewards account for 7.5%, fueling giveaways and staking incentives. Another 7.5% is reserved for growth and listings, covering liquidity and exchange costs. The final 35% is dedicated to protocol development, ensuring the mining system continues to evolve.

The project also has a strong deflationary mechanism. About 70% of all tokens spent on Miner Nodes and upgrades are permanently burned. This means that as more people participate, the supply decreases, potentially increasing scarcity over time.

PEPENODE Launch and Growth Plan

The launch plan is split into four phases.

Phase one is the presale itself, with the price currently at $0.001008. Users can now buy and stake immediately for passive rewards. Early staking rewards start above 20,000% APY. The mining game has also started, and there is a focus on community growth.

Phase two is the token generation event. This is the stage where tokens will become claimable through the PEPENODE website. There are also plans to list the $PEPENODE token on both decentralized and centralized exchanges.

Phase three moves mining on-chain. This includes NFT-based node upgrades, expanded facilities, and a global leaderboard with verified rewards.

Phase four brings meme coin integration and expansion. PEPE and FARTCOIN rewards are added, along with new node types, more boost mechanics, and influencer collaborations. A mobile dashboard will also make mining accessible from anywhere.

Security, Sustainability, and Referral Bonus

PEPENODE runs on Ethereum’s Proof-of-Stake network, which is far more energy-efficient than traditional mining. The platform also includes anti-bot measures that make it harder for automated systems to exploit the presale.

The 70% burn rate on upgrades ensures that as activity increases, the circulating supply drops. This could add a long-term sustainability element to the project’s economy.

PEPENODE’s rewards are designed to keep players active. Early buyers get stronger nodes, and staking during the presale can further boost your returns. There is also a 2% referral bonus on whatever your friends mine when they join through you.

There is a competitive side too. The leaderboard rewards top miners with extra $PEPENODE tokens and meme coins like PEPE and FARTCOIN. These fun bonuses make the game more exciting while still offering real value.

How to Buy PEPENODE in the Presale

Here is how to join: Start by funding a wallet like MetaMask or another compatible Web3 wallet. Visit the PEPENODE website and click ‘Buy’ or ‘Connect Wallet’. Choose the amount you want, and if you want to stake immediately, select the ‘Buy and Stake’ option.

If you prefer to pay with a card, connect your wallet first, then choose the card payment method to complete your purchase. From there, you can begin mining virtually the same day you join.

Visit the PEPENODE ecosystem: Website | Telegram | X (Twitter)

As I reported in other questions, I have the problem with my Bitcoin QT crashing at random times (Bitcoin QT ends in an hour without any big fanfare). I hope that I can keep up with the blockchain as things have improved after installing V29.0.0 (this is 3.5 years ago.) To make things faster, I checked the Cron script if Bitcoin-QT died and tried to restart in that case. But Ubuntu is throwing curveballs at me. Starting this QT application from a Cron script is not easy! I am getting the following error:

qt.qpa.xcb: could not connect to display
qt.qpa.plugin: Could not load the Qt platform plugin "xcb" in "" even though it was found.
This application failed to start because no Qt platform plugin could be initialized. Reinstalling the application may f>
Available platform plugins are: minimal, xcb.

I set the display variable in the Cron file and confirmed it was set when Bitcoin QT is running. I’m running out of Linux-Steam and hope there’s more someone out there. Cheers, Merlin

Best-selling author Robert Kiyosaki is warning that a bubble may be forming for financial assets, setting Bitcoin (BTC), silver and gold up for a sudden correction.

In a new thread on the social media platform X, the Rich Dad Poor Dad author tells his 2.8 million followers that many assets may be currently overvalued due to speculation and investor optimism.

However, he says that a bubble bursting correction may present a golden opportunity for the flagship crypto asset and the two precious metals.

“Bubbles are about to start busting. When bubbles bust, odds are gold, silver, and Bitcoin will bust too. Good news. If prices of gold, silver and Bitcoin crash, I will be buying. Take care.”

Earlier this month, Kiyosaki announced that after Bitcoin’s explosive move past $120,000, he was stopping his purchases of BTC for the time being. He said he wouldn’t start buying Bitcoin again until a clearer financial picture came into view.

“Yay: Bitcoin over $120,000. Great news for those who already have some Bitcoin. Bad news for those who, for whatever reason, never ‘pulled the trigger.’ They own nothing. As warned in previous X, ‘Pigs get fat, hogs get slaughtered.’ I am buying one more coin and get fatter. I will not buy any more – until I know where the economy is going.

As tempting as Bitcoin going to $200,000 to $1 million is, I don’t want to be a hog and get slaughtered. If you have not begun acquiring Bitcoin, I suggest starting very small, starting with a Satoshi.”

At time of writing, Bitcoin is trading for $117,899.

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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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Sujha Sundararajan

Author

Sujha Sundararajan

About Author

Sujha has been recognised as Women In Crypto 2024 by BeInCrypto for her leadership in crypto journalism.

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July 22, 2025

JPMorgan Chase is reportedly exploring lending against clients’ Bitcoin and Ethereum holdings starting next year, sources told the Financial Times. However, they cautioned that the plans are subject to change.

The move would make JPMorgan one of the largest US banks to endorse crypto into mainstream.

JPMorgan Chase CEO Jamie Dimon, who has been a vocal skeptic of Bitcoin, calling the asset a “fraud.” However, he recently said that stablecoins are “real,” adding that JPMorgan will be involved both in deposit tokens and stablecoins.

One source familiar with the matter told the FT that CEO Dimon, who once said he would fire any trader who traded crypto, has isolated some clients who dealt with crypto.

Lending against crypto would let users pledge their BTC and ETH holdings to borrow loans. Major US banks’ pivot to crypto-based services follows a bullish crypto regulatory environment under the Trump administration.

JPMorgan Already Allows Clients to Borrow Against Crypto ETFs

The NYC-headquartered bank said in June that it will allow selected clients to borrow against crypto ETFs, starting with BlackRock’s iShares Bitcoin Trust. JPMorgan said it has plans to expand access to other funds after the rollout.

The change would apply to wealthy clients, marking a shift in how cryptos are factored into credit decisions.

However, lending against the actual digital assets would be the next key step. That said, JPMorgan would need to work on resolving the technical aspects of handling crypto seized from customers who failed to repay their loans.

CEO Dimon also said that the bank will soon let clients buy Bitcoin, clarifying that it will not custody it.

Big Banks Cheer US GENIUS Act

JPMorgan plans to directly lend against cryptos arrive days after the week when crypto won big in America. President Donald Trump signed the GENIUS Act into law at the White House last Friday, creating a clear stablecoin regulation.

“The entire crypto community, for years you were mocked and dismissed and counted out,” said Trump, adding that this signing is a massive validation.

Large Wall Street banks cheered the signing of the bill, calling the move an easier way for banks to deal with crypto assets. However, JPMorgan has remained cautious, setting realistic predictions on stablecoins. The banking giant forecasted that the stablecoin market will grow to $500 billion by 2028.

The bank doubled down on the trillion-dollar forecasts, calling them “far too optimistic.”

“The idea that stablecoins will replace traditional money for everyday use is still far from reality,” the bank noted.

Coinbase chief executive Brian Armstrong believes that the signing of a stablecoin bill into law marks the beginning of a new financial era in the US.

On July 18th, President Trump signed the GENIUS Act into law with the aim of strengthening the US dollar’s reserve currency status and making America the “undisputed leader” in digital assets.

The law establishes a regulatory framework for stablecoins, cryptocurrencies pegged to the US dollar, requiring each token to be fully backed by liquid assets such as cash or short-term US Treasuries.

In a new CNBC interview, Armstrong says the law has put the US in a position to move money efficiently across the globe.

“This stablecoin bill passing into law is really a financial revolution for America. It means crypto can finally start updating the financial system, especially for our payments, which are running on these creaky old systems that are decades old. Now, every payment in our economy can be fast, cheap and global – under one second, one cent, anywhere in the world.” 

According to Armstrong, he now expects blue-chip companies to start using stablecoin payments to reduce transaction costs.

“Now that we have clear legislation, we’re going to see the Fortune 500 really start to adopt stablecoins. We’ve started to see this a little bit already even with the news that this was going to pass in the near future. Coinbase just launched an integration with Shopify, for instance, and we’ve seen announcements from Walmart and Amazon. Almost every Fortune 500 company is now coming in and starting to look at stablecoin payments.

This is a big opportunity for us. It’s a TAM (total addressable market) expansion for our business. And we think that we can provide these wallets and payment APIs for the whole financial system and every company, eventually.”

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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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