Latest news with #institutional
Yahoo
a day ago
- Business
- Yahoo
ATOM Sinks 5% Amid Altcoin Weakness, Faces Key Support Test
Cosmos Hub's ATOM token suffered a steep decline over the past 24 hours, falling from $5.08 to $4.82 as institutional participants intensified liquidation activity. The 5.1% drop was accompanied by a surge in trading volume, with a peak of 7.73 million tokens changing hands during a particularly heavy sell-off between 09:00 and 14:00 UTC on July 23. The sharp move reinforced resistance around the $5.07-$5.13 range, while accumulation interest surfaced in the $4.78-$4.88 zone, offering tentative support. However, persistent breakdowns below the $5.00 threshold highlighted ongoing distribution pressure that could challenge recovery attempts without sustained buying momentum. During the final hour of trading on July 23, ATOM experienced pronounced volatility. The price tumbled from $4.90 to a session low of $4.78 before rebounding to $4.81. This recovery, while notable, came on declining volume—potentially signaling exhaustion among short-term buyers. Akash Network (AKT), another Cosmos-based project, continues to show strength in long-term forecasts, with a potential target of $6.19 in 2025, contrasting ATOM's current technical fragility. Technical Analysis Highlights 24-Hour Movement: ATOM fell 5.1% from $5.08 to $4.82 with a total range of $0.35 (6.8%). Peak Liquidation: July 23, 09:00-14:00 UTC saw volumes surge to 7.73M, well above the 1.11M average. Critical Support: $4.78-$4.88 zone showing accumulation on elevated volume. Intermediate Resistance: $4.98-$5.00 level faced multiple rejections. Institutional Pressure: Sustained breakdown below $5.00 signals distribution activity. Intraday Volatility: July 23, 13:10-14:09 UTC saw a sharp dip from $4.90 to $4.78, followed by a rebound to $4.81. Rebound Weakness: Recovery to $4.81 occurred on declining volume, suggesting possible exhaustion. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Is the Cryptocurrency XRP (Ripple) a Millionaire-Maker?
Key Points XRP is exposed to some powerful growth drivers, like inflows of institutional money. Its future is quite bright in both the near term and the long term. Approaching this asset as a get-rich-quick play isn't going to pay off. 10 stocks we like better than XRP › Perhaps the oldest investing fantasy is to buy early, hold tight, and wake up one morning to see that your modest stake is suddenly worth millions. The fantasy occasionally comes true with cryptocurrency investments -- just not very often, and almost never once an asset is already large and well-known. XRP (CRYPTO: XRP) occupies exactly that space today. At roughly $3.55 per coin, its market cap hovers at about $210 billion, putting it at third place by size among all crypto assets. Should new buyers or long‑term holders expect a life‑changing 100-fold gain from here? Reality check Let's start with simple arithmetic, and assume that an investor is willing to commit $10,000 to buying XRP. A 100-fold gain would lift XRP's price to about $355 and its market cap to more than $21 trillion, well above the current valuation of some of the world's largest companies put together, and essentially the same size as the entire U.S. M2 money supply as of now. Such a move would make the investor into a millionaire. But the odds of that scale of repricing are exceedingly slim in any reasonable timeframe. Capital simply can't flood in fast enough, and there likely isn't enough freely moving capital in the financial system anyway -- at least not enough held by those willing to invest in crypto. Even a 10-fold move, to roughly $35 per coin, and a $2.1 trillion cap would require investors to treat XRP as a systemically important piece of global plumbing and buy it in vast quantities accordingly. That's possible, but it would demand flawless execution by Ripple (the business that issues XRP), very permissive regulators, and a willingness of institutional investors to hold billions in the token for liquidity and transaction settlement purposes (which is something Ripple is actively trying to get them to do). Is this smaller milestone realistic? Maybe. Is it a slam dunk? Absolutely not. Still, there's plenty of upside left for those who buy XRP soon. A more modest doubling or quadrupling during several years would push XRP's value into the $400 billion to $800 billion range, which is territory that Bitcoin and Ethereum comfortably occupied and, in Bitcoin's case, later exceeded. That scale of appreciation is demanding, but not outside historical precedent during broad bull cycles, like the one we're in now. But investors eyeing such gains need to watch a specific set of catalysts, not chase dreams of instant riches. What will be driving XRP higher? XRP's near-term future looks bullish for a few reasons. Regulatory clarity is finally coming into focus. In March, Ripple settled the long-running lawsuit brought by the Securities and Exchange Commission (SEC) for a reduced $50 million penalty, and the agency dropped its appeal over whether XRP traded on exchanges is a security. That removes a decade‑old cloud hanging over the coin and makes it easier for institutions to buy it. Real‑world traction is also picking up. As of mid‑2025, XRP's payments infrastructure boasts near‑global reach, with access to more than 90 markets. The network now supports hundreds of enterprise clients spread across many countries, and those clients settle cross‑border financial transfers using XRP. The wider that network grows, the more working capital needs to be held as XRP. That's also good for demand, even if the effect is gradual rather than explosive. Liquidity tools are expanding too. Ripple recently introduced a fully collateralized dollar stablecoin on the XRP Ledger (XRPL), and Ripple has since applied for a U.S. national bank charter so that its stablecoin reserves can sit directly at the Federal Reserve. Its stablecoin already boasts roughly $527 million in circulation. An on‑chain dollar reduces friction for cross‑border pay‑outs. Of course, there are still a few risks here that could easily derail the asset from multiplying in value. If global liquidity tightens, if regulators become more hawkish, or if competing blockchains out‑innovate, XRP's relative appeal could fade. Investors must weigh those hazards against the credible path to moderate, but not explosive, price appreciation. In other words, XRP's millionaire‑maker days are probably behind it. Yet the coin may still deserve a place in a diversified crypto portfolio if you're patient. Expecting a sensible gain from compounding over time rather than a lottery payout is the emotionally mature stance. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. Is the Cryptocurrency XRP (Ripple) a Millionaire-Maker? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
Cuban-Backed Firm Focusing on 'Sports as an Asset Class'
Rashaun Willimas, Co-Founder of Harbinger Sports and guest shark on Shark Tank, joins his partner Steve Cannon, former CEO of AMB Sports and Entertainment, and newest Harbinger Sports Partner Jonathan Mariner, former MLB CFO. The trio speak with Romaine Bostick about investment opportunities that will shape the next chapter of institutional involvement in US Sports. (Source: Bloomberg)
Crypto Insight
3 days ago
- Business
- Crypto Insight
Ether Machine to launch $1.5B institutional ETH yield fund
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine's CEO. Ether Machine aims to 'expand Ethereum's economic security as the base layer for the next era of global finance and computation,' according to its website. The company will be formed through a combination of The Ether Reserve and Dynamix Corp, a Nasdaq-listed special purpose acquisition company. Following this, Ether Machine plans to list on the Nasdaq under the ticker symbol 'ETHM,' with over 400,000 ETH worth more than $1.5 billion under management at launch. Yield focus and Ethereum-native strategy Ether Machine said it aims to hold 'one of the largest onchain ETH positions' of any public company, generating ETH-denominated returns through staking, restaking and managed participation in decentralized finance (DeFi) protocols. The company said it will also offer 'turnkey infrastructure solutions' for enterprises, DAOs and Ethereum-native builders on the blockchain. Cointelegraph has reached out to Ether Machine for more details on the size and scope of the fund's ETH position. The announcement comes amid a growing roster of companies adopting Bitcoin and cryptocurrency treasuries, aiming to bolster shareholder value and attract more investors. On June 19, Nasdaq-listed Lion Group announced a $600 million Hyperliquid token treasury reserve, which debuted with a $10.6 million initial investment. On June 11, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced a $500 million raise to acquire tokens and establish the world's largest corporate AI token treasury, according to the firm. Source:
Yahoo
5 days ago
- Business
- Yahoo
DOGE Surges 14% as Open Interest, Treasury Bets Power Breakout Above 22 Cents
Dogecoin climbed from $0.21 to $0.24 during a volatile 24-hour session ending July 18 at 06:00 UTC, posting a 14.02% gain with a $0.04 range reflecting 17.6% volatility. The move was led by intensified whale buying, institutional inflows, and aggressive memecoin sector expansion. Market Summary • DOGE rallied 14.02% from $0.21 to $0.24 between July 17 07:00 and July 18 06:00 UTC, posting a $0.04 range with 17.6% volatility • Whale accumulation surpassed 1.2 billion DOGE in 48 hours, triggering breakout above $0.22 resistance at 21:00 UTC • Trading volumes peaked at 752.69 million during breakout phase, exceeding the 24-hour average of 698.42 million • Open interest rose 12.36% to $4.04 billion, with funding rates stable and long bias intensifying • Bit Origin secured $500 million in equity and debt to build DOGE-focused treasury operations Price Action Overview The rally accelerated after DOGE broke through $0.22 resistance at 21:00 UTC on July 17, triggering a wave of long interest and algorithmic inflows. Volumes spiked 7.8% above the session average as price surged from $0.22 to $0.24. That breakout created new high-volume support at $0.22–$0.225. In the final 60 minutes (July 18 05:36–06:35 UTC), DOGE whipsawed between $0.236 and $0.24 in a 1.67% trading range. Price briefly fell under selling pressure before recovering sharply to session highs — a classic profit-taking trap followed by institutional dip-buying. Technical Indicators • Open interest: $4.04 billion (+12.36%) across major exchanges, suggesting strong directional positioning • Whale inflows: 1.2B DOGE accumulated since July 16, per on-chain data from WhaleTrace • Support zones: $0.22–$0.225 (post-breakout high-volume consolidation) • Resistance zones: $0.245–$0.248 (previous multi-session highs) • Final hour volatility: 1.67% intraday swing with rapid reversals between $0.236–$0.24 Sector Momentum DOGE's rally helped lift the total memecoin market cap to $72 billion, up $17 billion in July. With Bit Origin's treasury plans and elevated open interest, analysts say DOGE could test the $0.26–$0.28 band next.(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
