Author: CryptoHoppers

XRP, the digital asset that powers the XRP Ledger (Ripple protocol), nosedived on Friday, Oct. 10, reaching its lowest level since December.  Summary Ripple’s XRP token tumbled 63% from its yearly high to $1.37 before bouncing back 75%, triggering $700 million in liquidations and vindicating chartist Peter Brandt’s bearish warning. The drop came amid a $300 billion crypto selloff fueled by escalating U.S.–China trade tensions. While XRP has since stabilized — helped by ETF inflows and hopes for new approvals — analysts warn volatility will persist as technical indicators flash both risk and potential recovery. XRP price crash confirms analyst…

Key Takeaways Konstantin Ganich (Kostya Kudo), a prominent Ukrainian crypto investor and influencer, was found dead in a Lamborghini during a severe crypto market crash. His death highlights rising concerns about the mental health of crypto traders and influencers, especially during periods of intense market volatility. Share this article Konstantin Ganich, a Ukrainian crypto blogger and trader known online as Kostya Kudo, was found dead in a Lamborghini today amid a severe cryptocurrency market downturn.The incident occurred as digital assets experienced extreme volatility, intensifying ongoing discussions about mental health challenges facing crypto traders and influencers.Ukraine has seen growing cryptocurrency adoption…

TLDR Texas has passed a law to establish a state-run Bitcoin reserve using taxpayer funds. The crypto reserve bill requires any digital asset to maintain an average market cap of $500 billion over 24 months to qualify. Bitcoin currently qualifies under the law with a market cap exceeding $2 trillion. Senator Charles Schwertner stated that Ethereum could be considered if it sustains the required market cap. The Texas comptroller is assessing regulated institutions to act as custodians for the reserve assets. Texas passed a groundbreaking law this year to create a state-run Bitcoin reserve using taxpayer money. The law, signed…

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TLDR: Bitdeer shifts from selling rigs to mining its own Bitcoin, increasing internal hashrate to 22.5 EH/s. Weak rig demand pushes hardware makers like Canaan and Bitdeer to deploy surplus equipment in-house. Mining margins tighten after 2024 halving as network difficulty rises despite Bitcoin hitting new highs. Miners diversify into AI and data infrastructure, repurposing facilities for stable, long-term revenue streams. Bitdeer Technologies Group is shifting toward self-mining operations to address weakening demand for Bitcoin mining rigs.  A recent report indicated that Bitdeer is scaling its internal mining efforts, deploying its own equipment rather than relying solely on customer orders.…

Key Takeaways The crypto market saw $200 million in liquidations within just 15 minutes, highlighting extreme volatility. The market downturn followed Trump’s call for major tariff increases on Chinese goods, fueling renewed friction over vital materials and export restrictions. Share this article The cryptocurrency market experienced $200 million in liquidations within a 15-minute window as rapid price swings triggered automated position closures across major exchanges.Recent flash crashes have created chain reactions of liquidations throughout the market, amplifying short-term volatility as leveraged positions get forcibly closed when asset prices move against traders’ bets.The sell-off followed President Donald Trump’s proposal to sharply…

TLDR: Grayscale submitted an amended S-1/A for its Solana Trust (GSOL) to the SEC after market close. The updated filing lists a 0.35% management fee, higher than Bitwise’s 0.2% from the prior day. The amendment signals accelerating progress in the race to launch a Solana ETF. Market watchers see a tightening competition between Grayscale and Bitwise for Solana exposure. The Solana ETF race is heating up. Grayscale has filed a fresh amendment for its Solana Trust (GSOL) with the U.S. Securities and Exchange Commission (SEC), setting its management fee at 0.35%.  The update came after market close, adding another move…

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur.  Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly close above that psychological…

Key Takeaways What’s driving Ondo Finance’s rapid growth in the RWA sector?  Ondo’s tokenization of U.S. Treasury Bonds, ETFs, and stocks has fueled institutional adoption and global market expansion. What is the long-term price outlook for ONDO based on current growth trends?  If RWA adoption accelerates to 100% annually, ONDO could reach $10 by 2028; otherwise, it may hit that mark by 2035. Tokenization of Real World Assets (RWAs) has become one of the most promising growth areas in the blockchain space.  As Traditional Finance (TradFi) continues to merge with blockchain technology, the market for tokenized assets is set to…

Key Takeaways Bitcoin dropped below $120K, sparking $120M in total liquidations led by BTC, ETH, and SOL. Analysts describe the pullback as a healthy correction before potential continuation of the uptrend. Share this article Bitcoin pulled back to the $120,000 level today, triggering over $120 million in liquidations across major crypto assets within the past hour.Roughly $100 million came from long positions and $20 million from shorts, with Bitcoin leading the liquidations at $67 million. Ethereum and Solana followed with $19 million and $14 million respectively.Analysts view the recent declines as a necessary correction to cool off speculative excess and…