Crypto & Blockchain Daily Brief Wednesday, August 13, 2025

The article discusses the recent drop in the price of XRP, the cryptocurrency associated with the Ripple network. XRP's price has fallen by 4% as bears have been testing the $1.15 support level. The market sentiment has shifted towards bearish, with the price struggling to stay above the $1.20 level. Despite XRP's price drop, the article notes that the overall cryptocurrency market has been relatively stable, with Bitcoin and Ethereum also experiencing minor price fluctuations. The drop in XRP's price can be attributed to the overall bearish sentiment in the market, as well as specific factors affecting the cryptocurrency. The article also highlights some key technical levels to watch for in XRP's price movement, such as the $1.20 resistance level and the $1.15 support level. It suggests that a break below the $1.15 support level could lead to further downward movement in XRP's price. In conclusion, the article emphasizes the importance of monitoring key technical levels and market sentiment when analyzing XRP's price movement. It also suggests that traders should exercise caution and be prepared for potential price volatility in the cryptocurrency market.

According to the article, Ethereum exchange-traded funds (ETFs) have seen record-breaking inflows, with total investments reaching $33 million in just one week. This surge in investments indicates growing interest in Ethereum among institutional investors, who are increasingly turning to ETFs as a way to gain exposure to the cryptocurrency market. The report notes that Ethereum ETFs have outperformed Bitcoin ETFs in terms of inflows, suggesting that investors are becoming more bullish on Ethereum compared to Bitcoin. The rise in Ethereum ETF inflows can be attributed to several factors, including the recent upgrade to the Ethereum network known as the London hard fork, which has introduced a new fee structure and reduced the supply of Ethereum tokens. Additionally, the growing popularity of decentralized finance (DeFi) applications built on the Ethereum network has also contributed to the increased interest in Ethereum among investors. The article highlights the potential benefits of investing in Ethereum ETFs, such as diversification, liquidity, and ease of access for institutional investors. It also notes that the rapid growth of Ethereum ETF inflows could have positive implications for the overall cryptocurrency market, as it indicates a shift towards a more mature and institutionalized market. Overall, the article suggests that the surge in Ethereum ETF inflows is a positive sign for the Ethereum ecosystem and the broader cryptocurrency market, as it reflects increasing institutional interest and confidence in the future of Ethereum as a leading blockchain platform.

Despite a recent dip in price, Binance Coin (BNB) has managed to recover and climb back above $800. The price of BNB had dropped significantly, falling below $700, but it has since rebounded, showcasing its resilience. This recovery comes amidst a generally bullish sentiment in the cryptocurrency market, with many coins experiencing upward momentum. Technical analysis of BNB's price movements indicates that the cryptocurrency is currently in a consolidation phase, with the potential for further upside. The Relative Strength Index (RSI) suggests that BNB is not overbought or oversold, indicating a balanced market sentiment. The Moving Average Convergence Divergence (MACD) also shows positive signs, with the MACD line crossing above the signal line, signaling a potential bullish trend. BNB's recovery above $800 is seen as a positive development, indicating that the cryptocurrency has strong support at this level. If BNB can maintain its current price levels and continue to climb higher, it could potentially reach new all-time highs in the near future. Overall, the recovery of Binance Coin above $800 despite a recent dip demonstrates the resiliency of the cryptocurrency and the overall strength of the market. Technical indicators point towards a potential bullish trend for BNB, suggesting that further price gains may be on the horizon. Investors and traders are closely monitoring BNB's price movements, looking for opportunities to capitalize on its upward momentum.

Bitcoin's price surged above $11.8k after President Trump signed a new order for retirement accounts like 401(k)s to invest in cryptocurrencies. The order aims to give Americans more investment options, including digital currencies, in their retirement funds. This move is seen as a significant step towards mainstream adoption of cryptocurrencies and could potentially lead to a surge in demand for Bitcoin and other digital assets. The news of Trump's order led to a spike in Bitcoin's price, with the cryptocurrency reaching $11.8k. The order is expected to bring more institutional investors into the cryptocurrency market, as retirement accounts are a significant source of investment capital. This influx of institutional money could further drive up the price of Bitcoin and other cryptocurrencies in the future. The cryptocurrency market has been experiencing a bullish trend in recent months, with Bitcoin's price steadily rising. Various factors, including increased institutional interest, growing adoption, and macroeconomic uncertainty, have contributed to the positive sentiment surrounding cryptocurrencies. Trump's order is seen as a validation of the potential of digital assets as an investment option. Overall, the news of Trump's order for retirement accounts to invest in cryptocurrencies has had a positive impact on the market, leading to a surge in Bitcoin's price. This development is expected to further fuel the adoption and acceptance of cryptocurrencies as a legitimate asset class, paving the way for increased investment and growth in the digital asset space.

The article discusses the allegations of fraud and misrepresentation against Do Kwon, the co-founder of Terraform Labs, the company behind the Terra blockchain network and stablecoin. Kwon has been accused of issuing misleading statements and using funds from the Terra stablecoin to enrich himself. These allegations were made by a former employee who worked closely with Kwon. The former employee claimed that Kwon made false promises about the company's financial status and engaged in unethical practices such as using Terra's funds for personal expenses. Kwon allegedly misled investors by overstating the company's revenue and financial health. In addition, he is accused of diverting funds from Terra to his own personal accounts. Kwon has denied these allegations and stated that the claims are baseless and motivated by personal vendettas. He emphasized that Terraform Labs is committed to transparency and ethical business practices. The company has also issued a statement in support of Kwon, stating that they have full confidence in his integrity and leadership. The allegations against Kwon have raised concerns within the cryptocurrency community, as Terra is a well-known blockchain network with a significant market presence. The situation highlights the importance of transparency and accountability in the cryptocurrency industry, as investors and users rely on accurate information to make informed decisions. It remains to be seen how this situation will impact Terraform Labs and the Terra stablecoin.