XRP’s tight range trading resolved to the downside, but lower levels are expected to attract buyers. Key point: XRP’s drop below $3.40 opens the gate for a decline to $3. Would a solid bounce off $3 lead to aggressive buying from bulls? XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. Read more
The White House on Wednesday released its plan to make the United States a global leader in artificial intelligence research and development. US President Donald Trump released his plan to make the United States the “world capital” of artificial intelligence (AI) on Wednesday, outlining steps to ease data center regulations, revise federal content standards and prioritize government contracts for select AI developers. The report, published by the White House, presents a three-pillar plan, with initiatives to encourage open-source AI development for applications across law, healthcare, defense, science, education and manufacturing. One of the plan's key policy goals is to “protect freedom of speech" and online expression within AI models. According to the document, the free speech initiative will be led by the Department of Commerce (DOC), which will work with the National Institute of Standards and Technology (NIST) to “eliminate references to misinformation, Diversity, Equity, and Inclusion, and climate cha...
MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi. MoonPay, a fintech company specializing in crypto payments and Web3 infrastructure, has announced a new liquid staking program for Solana holders. The product will leverage liquid staking to earn users 8.49% annual yield on their SOL tokens. According to the company, users can stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. Rewards are distributed approximately every two days, and users can unstake at any time without a lockup period. The feature is available starting July 23 everywhere except in the US state of New York and the European Economic Area (EEA). Read more
Ether price pulled back after a relentless run, but lower levels are likely to attract buyers. Key point: Ether shows signs of being overbought, but a shallow pullback suggests the bulls are not hurrying to the exit. SharpLink Gaming and BitMine Immersion Technologies have been on an Ether (ETH) buying spree to take the mantle of the largest public ETH holder. BitMine claimed the top spot after it reported holding 300,657 ETH on Thursday, but Sharplink overtook it after the latest round of purchases last week, which boosted its holding to 360,807 ETH. Read more