Cryptonews

First on the playbill: our old friend, the U.S. Securities and Exchange Commission (SEC) – that well-meaning bureaucratic hydra that cannot say ‘yes’, cannot say ‘no’, and specialises in saying ‘maybe, but not today’. Twice has our SEC shuffled the decisions on XRP ETF applications. Like a maître d’ with too many reservations, it now promises – cross its heart! – to provide a final verdict by October 2025. No more delays! Will they approve? Will they reject? 🕵️‍♂️ What suspense! The audience leans forward. Even the ushers are betting their snacks.

Shiba Inu gained over 2% in the past day, with bulls defending their turf like overzealous bouncers at a nightclub. 🐂💪 Early Wednesday, however, things looked grim as Bitcoin (BTC) and the rest of the crypto world started de-risking ahead of Fed Chair Jerome Powell’s speech. Spoiler alert: no one likes speeches about interest rates. 📉😴

According to the ever-earnest crypto.news, XRP presently trades at $2.93-up 19 % over three months and 63 % above its year-to-date nadir. A market capitalisation of $173.8 billion suggests the coin is still invited to the best parties, though its dance card is suspiciously blank. Daily volume of $6.4 billion proves that gossip alone can keep the chandeliers swinging.

OKX (OKB), that cunning token, climbed to a new all-time high near $197, driven by the grand spectacle of migrating to its native X Layer blockchain. A token supply revamp? Ah, the whims of the crypto aristocracy! 🏰

The token’s market cap briefly soared to a jaw-dropping $3 billion after launch. But hold your applause-or your panic button-because experts are already whispering (or shouting) about insider trading and market manipulation. 🐒💼

Nexo, a digital wealth platform as renowned as ever, announced on the twentieth of August the debut of an artificial intelligencer, an AI assistant crafted to provide its users with a “conversational” experience. This marvel boasts real-time insights, market intelligence, and product access, all delivered with the seamless grace of a well-dressed gentleman.

Here’s a plot twist-their innovation isn’t another digital flim-flam. Nope, it’s a blockchain-backed, tangible piece of the good old Earth, associated with precious stones. In a DeFi universe where decentralization often melts into chaos, GEM DiCom tries to stand firm-no promises of redemption, no fiat pegs, just the raw, unfiltered power of RARITY. And let’s be honest, if someone’s willing to trust a digital claim backed by shiny rocks instead of central banks, maybe the universe still makes sense. Or at least, that’s the hope. 😏

Turns out, the big players – the “whales,” they call them, which is adorable – decided to unload 470 million XRP tokens. 470 million. I have trouble unloading old magazines. These whales just…dump. They’ve slimmed down their holdings to a comparatively meager 7.63 billion coins. Honestly, the sheer scale of their wealth is slightly upsetting.

In scene two, our veiled informants (who reveal not their names, for why risk the emperor’s temper?) declare that the State Council is soon to gather, flap their fans, and debate a roadmap, perhaps in elegant calligraphy, to dash after the Americans in the realm of stablecoins. Lo, the race is on! 🏁

Meanwhile, XRP is teasing us all with a rebound, strolling away from the $3.00 mark, currently at the modest $3.01-just a whisper above the critical support of $2.96. With the 9-day and 21-day moving averages nearly crossing, it promises the thrilling spectacle of a golden cross, which might just turn this digital darling into a bullish superstar-if not, we shall have to settle for the suspense of it all. The technical indicators hint at this promising event, with XRP climbing softly from oversold territory, and if it reaches between $3.30 and $3.50, we may be witnesses to a breakout fit for the history books. Ah, the drama of technical analysis! 📈