Cryptonews

Price predictions for assets like XRP should focus on market factors, but one prominent forecast from Standard Chartered is heavily reliant on upcoming legislation. Analyst Geoffrey Kendrick predicts XRP could rise from around $1.10 to $28 by 2030, and he’s clear about what needs to happen: a general market recovery in the short term, and then passage of specific U.S. laws combined with significant investment through ETFs for further gains. However, these aren’t typical market forces. The required legislation has stalled in Congress for over a year, its details have changed multiple times, and experts give it only about a 33% chance of passing by 2026. Furthermore, the expected influx of ETF money has dwindled considerably since initial projections. While Kendrick’s forecast is detailed and based on specific conditions, many in the market seem to be ignoring those conditions. This analysis examines those conditions, assesses their likelihood, and asks whether owning XRP is truly investing in an asset with potential, or simply a bet on U.S. politics.

According to Barchart, referencing Goldman Sachs data, hedge funds have been selling off their investments in information technology for six out of the last eight weeks. This represents the biggest sell-off in at least ten years.

This change happens as the overall market shows increasing confidence. Bitcoin’s value has risen by about 2.8% today and around 5% in the last week, recovering from a period of stability.

Key Takeaways

Jack Mallers is leaving his position on July 20th to concentrate on Strike, the bitcoin payment company he started. A recent announcement confirmed that Strike will continue operating as its own independent entity and will not be merging with Twenty One.

As an analyst, I’m watching this recent market surge with caution. While many individual investors seem optimistic and are buying in, the biggest players – those with the most experience and capital – are actually taking positions that suggest they expect prices to fall. This disconnect makes me wonder if what looks like a strong rally is actually a carefully laid trap.

A new report from FalconX shows that the Ethereum Layer 2 network has quickly become a leading blockchain since it launched in July. It now handles around 6 million transactions each day and serves over 250,000 active users.

Malaysian police have a dramatic way of ending cryptocurrency mining investigations: they publicly destroy the seized equipment with a steamroller. This spectacle has happened multiple times, crushing thousands of mining machines. Recently, Deputy Home Minister Shamsul Anuar shared the total results with parliament. From 2022 through May 2026, authorities seized 75,578 mining rigs during 3,049 raids and arrested 629 people, working alongside the national utility company, Tenaga Nasional Berhad. The minister revealed these figures while explaining why few cases have led to convictions, and the numbers themselves shed light on a larger issue.

The agency has formed a team to explore and develop regulations for tokenization. Their initial recommendations are expected within two months, indicating that Brazil is actively transitioning from planning to creating concrete rules for this technology.

Bitcoin surged past $66,000 earlier today, reaching a new high point in over a month. This represents an increase of more than $8,000 from its lowest value in July. Here’s a look at what might be driving this price jump.