Tag: CRYPTOS FoxBusiness

Robert Kiyosaki Favors Silver as Federal Debt Approaches $40 Trillion

Rich Dad Poor Dad author Robert Kiyosaki urged followers to consider their response to rising federal debt in an Aug. 15 post on X, while highlighting ambitious precious-metals forecasts. His remarks arrived as investors assessed inflation, fiscal policy, and whether scarce assets could preserve purchasing power more effectively than cash.

Kiyosaki stated:

“$40 TRILLION US NATIONAL soon!! Q: What are you doing about it?”

The U.S. Treasury’s Debt to the Penny dataset placed total public debt outstanding at approximately $39.93 trillion on Aug. 13. That total comprised about $32.20 trillion held by the public and $7.73 trillion in intragovernmental holdings, leaving the headline figure roughly $65.18 billion below $40 trillion.

The famous author added:

“Friends who are much smarter than me, such as Jim Rickards are predicting $200 an ounce for silver and $10,000 an ounce gold soon. Of the two… I think silver is the best choice in August 2026.”

Kiyosaki offered no timetable or supporting calculation for either target. Rickards’ $10,000 gold forecast placed gold at that level before the end of 2026 and cited central bank demand, constrained supply, and broader institutional buying.

Silver Emerges as Kiyosaki’s August Preference

Kiyosaki identified silver as his preferred choice between the two metals for August, though the metal trades far below that target. Silver changed hands near $65.33 an ounce on Aug. 15, roughly a third of $200, and above $121 reached on Jan. 29. His call extends a position documented in December, when he predicted silver could reach $200 in 2026 and linked higher prices with currency erosion and inflation risks.

The renowned author has maintained his metals outlook through sharp price movements, treating declines as opportunities to increase his holdings. In July, he backed a bullish gold and silver outlook after both metals recorded steep retracements, while acknowledging that additional volatility could precede any sustained advance.

Gold’s direction remains sensitive to several competing forces, including interest rates, currency movements, geopolitical risks, and investor demand. The World Gold Council’s second-quarter Gold Demand Trends report, published July 30, outlined conditions that could support the metal, while recognizing that stronger economic growth, elevated yields or a firmer dollar could restrain performance.

Debt Warning Extends Kiyosaki’s Long-Running Cash Criticism

Rising federal borrowing has remained central to Kiyosaki’s criticism of government finances and conventional savings. In June, he questioned how heavy taxation coexists with mounting debt, connecting federal spending with his preference for gold, silver, and bitcoin over assets tied directly to government-issued currency.

Inflation reduces the purchasing power of money and savings when prices rise faster than returns on cash holdings, although federal debt growth does not automatically produce proportional consumer inflation. Broader price levels reflect multiple forces, including monetary conditions, consumer demand, supply disruptions, wage growth, and expectations about future costs.

Kiyosaki stressed:

“Savers of cash are the BIGGEST LOSERS!!!!”

Market Data Shows What the Forecasts Would Require

Gold would need to more than double from current levels to reach Rickards’ $10,000 target. The metal traded near $4,365 an ounce on Aug. 14. Gold averaged $4,506.29 per ounce in the second quarter, up 37% from a year earlier, while central banks purchased 288.9 metric tons and gold exchange-traded funds recorded 44.8 metric tons of outflows.

Silver faces a different supply-demand picture as investment demand strengthens while industrial consumption softens. The Silver Institute’s World Silver Survey 2026, published April 15, forecasts coin and net bar demand climbing 18% to 257.6 million ounces this year, from 217.7 million in 2025. Industrial demand is projected to ease a further 3%, with photovoltaic consumption falling 19% to 151.0 million ounces.

Global silver supply is projected to contract 2% in 2026, with mine production holding roughly flat after reaching 846.6 million ounces last year. The market is still expected to post a 46.3 million-ounce deficit, its sixth consecutive annual shortfall. Those conditions could support prices, but they do not establish that silver will reach $200.

A token’s position in a market-cap table has long been treated as a rough proxy for relevance. That shortcut is losing favor. Industry executives say investors are beginning to judge crypto assets by usage, economics, and value capture rather than where they sit in a market-cap ranking, according to the original report from CoinDesk.

The distinction matters because market capitalization can be a badly distorted indicator. It is simply circulating or fully diluted supply multiplied by price. Low-float launches, locked allocations, airdrop vesting schedules, and meme-style supply mechanics can push a token high in the rankings without anything close to corresponding user demand or fee generation. When executives describe a shift back to fundamentals, they are describing an attempt to strip out those optical effects.

Usage metrics now show up more often in investment memos: active developers, transaction counts, fee revenue, staking participation, and whether tokenholders actually capture network income. Developer activity, for instance, remains one of the cleaner signals that a chain is still building regardless of its rank, as tracked in this week’s developer activity rankings.

For retail traders, rank remains a discovery shortcut. For institutions and long-horizon funds, it is increasingly treated as a screen rather than a conclusion. The difference in time horizon explains much of the divergence: a trader can profit from a re-rating based on supply mechanics, but an allocator that holds through unlocks and volatility needs a more durable reason to own the asset.

What Rank Hides

Market-cap tables reward size even when size is an artifact. A token launched with a tiny float can look more valuable than a widely distributed network with consistent volume. That dynamic has historically pushed speculative assets ahead of protocols generating steady fees. Investors who anchor on rank are therefore measuring the market’s supply story as much as its demand story.

The practical consequence is that liquidation risk and unlock schedules matter more than the headline number suggests. A high market cap can coexist with thin liquidity, making exits sharper and short-term price moves more extreme. Fundamentals-based evaluation tries to answer a different question: would this network still produce activity if the speculative bid cooled?

What Fundamentals Now Include

Value capture is becoming the operative phrase. That means fee share, buybacks, burns, staking rewards, and the relationship between network activity and tokenholder returns. Sui’s institutional staking and Paga integration is one example of demand-side news moving a token on the basis of actual usage rather than supply optics. The question is whether those integrations persist and convert into recurring fees.

Tokenization provides an even sharper test. When on-chain assets represent off-chain collateral, the market can compare usage against settlement activity and total value locked. The on-chain RWA market crossing $20 billion, as tracked in the weekly tokenization roundup, gives investors a less speculative layer to evaluate. It is harder to dismiss a token as rank-driven when real-world assets are being settled on-chain.

The Measurement Problem

Fundamentals in crypto are not standardized. Active addresses can be farmed. Transaction counts can be inflated by bots. Revenue can be subsidized by emissions, which effectively transfers value from holders rather than creating it. Even fee generation varies by accounting method, especially when validators and tokenholders have different claims

The Coinbase Bitcoin Premium Index has stayed negative for ninety days as Bitcoin’s [$BTC] price continues its struggle to break above the $70,000 price level last observed in May.

To put things in perspective, the Coinbase Bitcoin Premium Index calculates the price difference between Bitcoin on Coinbase and Binance and provides an estimate of buying or selling pressure from the U.S. market. A negative reading indicates that Bitcoin is trading at a lower price on Coinbase than Binance.

At press time, the index stood at ‑0.1066% according to Coinglass. However, what’s raising eyebrows is not the reading itself but the premium, which has stayed negative for three months.

Here, the overall pattern points to sustained spot weakness on the U.S. side, which was further supported by a previous report from AMBCrypto. However, it does not necessarily portend a bear market or institutional withdrawal from Bitcoin.

Is price action denoting something else?

This occurred as the price of Bitcoin dropped from about $79K in May to $62,923.64 at the time of writing. Since the RSI remained largely below the neutral level during that time, it too echoed the bearish sentiment.

Additionally, Bollinger Bands further supported the volatility that had prevented the price from hitting a high bullish threshold. In fact, despite whale wallets having bought 54,000 more Bitcoin since mid-June, the price action hasn’t changed.

Are bulls losing steam?

Adding to the pressure, Glassnode also analyzed that the buy-side support below the current price of Bitcoin is eroding. A significant concentration of buy orders below the market existed earlier, especially in June.

This created a solid “floor” because buyers were prepared to intervene and absorb selling pressure if Bitcoin dropped toward those levels. Now, with many of those bids removed, filled, or shifted lower, there are fewer orders directly beneath the price.

With less buy‑side support to cushion declines, the market’s liquidity buffer has weakened. This in turn means that if sellers become more aggressive, Bitcoin may move lower more readily.

All in all, though these metrics do not necessarily mean that Bitcoin will crash, they do suggest that the downside may have grown more susceptible.

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Final Summary

• $BTC’s Coinbase Premium Index sat at around 0.1066% lower than the equivalent Binance price.
• The price action, RSI, and Bollinger Bands all confirmed that bears were here to stay for some time.

SafePal on Sunday said a security incident exposed order information belonging to about 39,798 customers, with the orders placed between March 2nd and April 11th of this year.

Speaking via a blog post announcement, SafePal said:

“This incident did not involve your seed phrase, private keys, wallet password, or other wallet credentials, bank account information, payment card numbers, or government-issued identification numbers. SafePal never requests, collects, processes or stores such information from customers.”

Under certain conditions, that weakness made it possible for an unauthorized person to view another customer’s order information. SafePal says the issue has since been fixed, and the company has added more security controls to the affected system.

SafePal warns affected customers that scammers may use stolen order details to make phishing attempts look legitimate

Email notifications were already sent out to customers whose data could be at risk from the cyber attack. Customers can still determine whether or not they should take any further actions by themselves rather than depending only on the information from the email notification.

SafePal mentions different ways in which the scammers could make use of the leaked information. The victims can receive misleading calls on the support service, phishing emails, messages in the text form, written mail, offers of fake refunds, misleading update requests for the software and firmware, misleading messages from the support staff or web links directing to phishing websites that appear to be authentic.

The company has also warned that the stolen order records could eventually be posted or circulated on public online forums.

“Treat any unexpected contact or hardware delivery referencing your SafePal purchase as suspect, whether it arrives by phone, in the post, or in person. “

According to SafePal, there is no need for the customers to transfer their cryptocurrency to other wallets solely because of their order data exposure. This happens only when the recovery phrase or the private key has been provided on a dodgy website or via email, text, phone call, or letter. In case the wallet credentials have been compromised in some way, then SafePal recommends that the wallet is considered unsafe.

SafePal hires an independent security firm and limits personal order data retention to 90 days after fixing the flaw

SafePal says the access-control weakness has already been repaired, while additional security measures have been added to the order system involved in the incident. The company is also hiring an independent cybersecurity firm to confirm that the fix works as intended. That outside firm will go beyond checking the original problem and will carry out a wider review of SafePal’s order-processing systems for any other security weaknesses.

SafePal has also shortened the amount of time customer personal information is kept inside the relevant order-processing system. The new retention period is 90 days, unless applicable laws require certain information to remain on file for a longer period.

According to SafePal, they have already identified who exactly had their data accessed and have communicated directly with those individuals to give them more details.

Also, other companies that cooperate with SafePal with regard to the shipment and delivery of orders were also involved in the investigation. SafePal asked these external partners to check their own system for the presence of the security vulnerability, and not only in the SafePal order environment.

Bitcoin is hovering near $63,000 as traders watch whether buyers can defend the $62,200 liquidity zone and push price back above $63,400. A confirmed breakout could open the door toward $64,500-$65,000, while another rejection may send $BTC back toward lower support.

Bitcoin Could Sweep $62.2K Liquidity Before Testing $64.5K

Bitcoin is moving through a key weekend setup, with Kaz expecting a possible downside liquidity sweep before $BTC attempts a recovery toward the equal highs around $64,500. The chart presents this as a short-term trading scenario rather than a confirmed move, with both the $62,200 area and overhead resistance playing important roles.

Bitcoin Short-Term Liquidity Map. Source: Kaz (@XBTkaz) on X

The chart shows Bitcoin consolidating around $63,000 after falling from above $65,000. Kaz expects Sunday trading could produce what he describes as a manipulation-driven drop before buyers attempt to push price higher during the following sessions.

The first area to watch sits near $62,200-$62,300, where the chart highlights equal lows and a pool of liquidity below them. A brief move beneath this region could sweep stop orders before price reverses higher. Kaz said he would look for long setups if such a downside move develops, rather than treating the decline itself as confirmation of a broader bearish breakdown.

On the upside, the immediate target is the cluster of equal highs around $64,500. Equal highs often attract attention because stop orders can accumulate above repeated highs, creating a potential liquidity target if buyers regain control.

However, $BTC would then enter a more difficult resistance area. The chart marks a daily order-block zone from roughly $64,800 to $65,400, where Kaz would look for potential short setups. A rejection from that region could send Bitcoin back toward the lower $63,000s.

The bullish scenario becomes stronger if $BTC can break decisively above this resistance zone. The chart notes that clearing the area could open the way toward the $67,000-$68,000 region.

For now, the setup centers on whether Bitcoin first sweeps liquidity near $62,200 and then recovers toward $64,500. A sustained move through the $64,800-$65,400 resistance zone would weaken the analyst’s short setup and favor a larger upside extension.

Bitcoin Needs $63.4K Breakout to Open the Door Toward $64.6K

Bitcoin is struggling below a key resistance zone near $63,400, leaving the next short-term move dependent on whether buyers can reclaim that level. Michaël van de Poppe sees room for a stronger advance if $BTC breaks higher, while also identifying lower liquidity zones that could offer support if price pulls back first.

Bitcoin 4-Hour Chart. Source: Michaël van de Poppe (@CryptoMichNL) on X

The chart shows Bitcoin trading around $63,050 after failing to push through the $63,368-$63,400 resistance area. According to van de Poppe, this is the main level $BTC needs to clear before the current bounce can develop into a stronger breakout.

A decisive move above $63,400 would shift attention toward the next resistance zone around $64,500-$64,600. The chart marks roughly $64,515 as the next target area, and van de Poppe expects a successful test there could lead to further upside.

If Bitcoin fails to break resistance, attention moves to liquidity beneath $62,250-$62,300. The analyst is watching this area for a quick sweep followed by an immediate reclaim, which would indicate buyers absorbed the move lower and could create another attempt at the $63,400 breakout.

Several additional support levels sit below that zone, including approximately $61,825, $61,545 and $61,318. However, van de Poppe considers the more conservative area for potential longs to be around $60,500-$61,000, below the larger cluster of liquidity.

The bullish scenario therefore requires confirmation rather than simply a bounce from support. $BTC must reclaim $63,400 to strengthen the case for a move toward $64,600 and potentially $65,000. Another rejection at that resistance would instead leave Bitcoin vulnerable to another liquidity sweep toward the lower support zones.

STRC Outperforms as Bitcoin Declines

STRC outpaced bitcoin by 56 percentage points over the past year, according to a one-year return chart Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor shared Aug. 16 on X. The chart measured returns through the Aug. 14 market close and highlighted the performance gap between bitcoin and Strategy’s income-producing securities during the downturn.

Saylor wrote:

“Over the past year, $BTC fell 47%. Our Digital Credit instruments ranged from -27% to +9%, with $STRC up 9%.”

The accompanying chart showed STRD declining 8%, STRF losing 9% and $STRK falling 27%, with bitcoin trading near $63,000 on Aug. 16. Strategy stated that the one-year calculations covered Aug. 14, 2025, through Aug. 14 and included cash dividends and distributions, making the figures broader than share-price changes alone.

Stretch, trading under the STRC ticker, is a perpetual preferred stock with a variable annualized dividend rate designed to encourage trading near its $100 stated value. Strategy’s official STRC information page lists a 12% annualized rate for August, with cash dividends payable semi-monthly, subject to board declaration.

STRD is Strategy’s perpetual preferred stock with a stated fixed 10% annual dividend payable quarterly. STRF is the company’s senior-most perpetual preferred stock, offering a stated fixed 10% annual cash dividend payable quarterly. $STRK is its convertible perpetual preferred stock with a stated 8% annual dividend payable quarterly. The dividends are not guaranteed.

Dividends Reshape the Return Comparison

STRC’s 9% one-year gain differs from its current 12% annualized dividend rate, which applied to only part of the measured period. The preferred stock launched in July 2025 at a 9% rate and climbed through seven consecutive monthly increases before reaching 12% for record dates on or after July 1. Its market price may rise or fall, while dividends were included in the reported one-year return.

Strategy described digital credit as a central funding channel in its second-quarter financial results. The company reported that STRC issuances raised $7.53 billion year to date in 2026 as of July 26, a 254% increase, while cumulative dividends paid across all preferred stock reached $1.06 billion.

The company’s Digital Credit Capital Framework established a cash reserve policy, revised STRC’s dividend policy, and authorized up to $1 billion in preferred-security repurchases alongside a separate $1 billion common stock repurchase program. Strategy also authorized bitcoin sales for specified purposes, including funding reserves, dividends, interest payments, and approved buybacks.

Saylor has presented STRC as the income-producing layer of a four-part digital money stack. His model assigns bitcoin the capital role while using preferred securities to create income instruments with different volatility and risk characteristics.

Lower Volatility Does Not Eliminate Risk

Despite its positive one-year return, STRC fell to an all-time low of $71.25 on June 26 and has traded below its $100 stated value since. Strategy maintained its 12% dividend rate for August after the preferred stock closed July at $89.46, reflecting the company’s effort to support its market price.

Digital credit repurchases began in late July, when the firm bought 288,930 STRC shares for about $25 million, an average of $86.53 per share and a 13.47% discount to the $100 stated amount. Strategy has sold approximately $218.4 million of bitcoin year to date to fund a portion of its preferred dividends.

The dividend structure depends partly on Strategy’s ability to meet continuing cash obligations while maintaining its bitcoin-focused balance sheet. The preferred stock is not collateralized by the company’s bitcoin holdings. Saylor previously said bitcoin would need to achieve annual appreciation above the company’s $BTC breakeven rate for capital gains to cover STRC dividends over time.

Bitcoin as an asset class historically carries substantially greater volatility than traditional stocks, bonds, and commodities, which is the gap Strategy’s preferred structures are built to narrow.

Where Strategy’s Common Stock Stands

The one-year chart covered Strategy’s four preferred securities alongside bitcoin, while MSTR, the company’s class A common stock, sits below all of them in the capital structure. MSTR closed at $93.04 on Aug. 14, roughly 75.52% below its level a year earlier.

Common shareholders hold the residual claim after preferred dividends, which reached $400.7 million in the second quarter alone. Strategy posted a second-quarter net loss of $8.22 billion, or $24.45 per diluted common share, on an $8.32 billion unrealized loss on its digital assets. The $1 billion MSTR repurchase program remains fully available, with the company saying it will consider buybacks when management believes the stock trades below intrinsic value.

Mark Cuban said on Aug. 16 that “chips as an asset class will be the new crypto,” offering a one-line prediction as artificial intelligence drives demand for advanced computing hardware.

Cuban did not identify a financial product, investment structure or timetable in his post.

The comment has been widely interpreted as referring to high-end AI accelerators such as GPUs. However, Cuban did not explicitly define which chips he meant. His claim therefore remains a broad investment thesis rather than an announced business venture or established asset category.

Chips as an asset class will be the new crypto

— Mark Cuban (@mcuban) August 15, 2026

GPU-backed financing gives Cuban’s idea a precedent

AI hardware is already being used in financial structures that go beyond simply purchasing semiconductor stocks. CoreWeave closed a $2.6 billion delayed draw term loan facility on Aug. 10 to finance high-performance computing infrastructure. The company said the structure reflected lender confidence in long-term GPU demand.

The approximately five-year facility extends beyond the average three-year duration of the customer contracts supporting it. CoreWeave said lenders were therefore accepting renewal risk based partly on expectations for the future value of Nvidia GPUs deployed through its cloud platform. The transaction was also oversubscribed.

CoreWeave has pursued GPU-backed financing for several years. In May, it completed another $3.1 billion publicly syndicated facility and described AI infrastructure financing as an “emerging asset class.” That is CoreWeave’s characterization and does not mean individual GPUs currently trade like cryptocurrencies.

AI demand is supporting strong GPU economics

Nvidia’s latest reported quarter provides another measure of demand. The chipmaker reported $75.2 billion in data center revenue for the quarter ended April 26, up 92% from the previous year. Total quarterly revenue reached a record $81.6 billion, according to its May results.

Those figures do not establish chips as a standalone investment class. GPUs are physical assets that face technological obsolescence and depend on electricity, networking, data center capacity and customer utilization to generate revenue. Their supply also lacks the fixed issuance mechanics that distinguish Bitcoin.

Bitcoin advocate Pierre Rochard made that distinction in response to Cuban. He wrote that chip manufacturing has neither difficulty adjustments nor halvings and is therefore “not the new bitcoin.”

Cuban’s prediction follows his retreat from Bitcoin

Cuban’s latest comment comes less than three months after he sharply reduced his Bitcoin exposure. As crypto.news previously reported, he sold roughly 80% of his Bitcoin holdings after losing confidence in its hedge narrative. Cuban said Bitcoin was “not the hedge I expected” and had “lost the plot.”

He did not abandon every digital asset. Cuban said he continued holding Ethereum because he viewed smart contracts and decentralized finance as having clearer utility. His Aug. 16 chips comment did not say that he was replacing his remaining crypto exposure with hardware investments.

What happens next

The clearest test of Cuban’s prediction will be whether GPU financing becomes more standardized and accessible beyond specialist AI infrastructure operators. CoreWeave’s transactions show institutional lenders are already willing to finance computing infrastructure at multibillion-dollar scale and accept some risk around the future earning power of GPUs.

For now, however, “chips as an asset class” remains Cuban’s prediction rather than a defined market category. The underlying trend is measurable: Nvidia is reporting rapidly growing data center sales, while lenders are financing GPU-backed infrastructure in increasingly large transactions. Whether those developments eventually produce a liquid market resembling crypto remains unconfirmed.

Earlier this month, as it became clear that the Digital Asset Market Clarity Act would not receive a vote prior to the Senate’s August recess, industry participants suggested that if Congress didn’t act, regulators could. It wouldn’t be exactly the same; regulators’ actions could be challenged in court and will be easier to undo by a subsequent administration than legislation would be, but the argument is that entrenched regulations would be difficult to undo.

Breaking it down

That argument above presupposes that the SEC and CFTC are actually able to finalize proposed rules in time for them to kick around for a bit prior to a future SEC changing its mind.

But that isn’t guaranteed. The SEC announced late Thursday it was canceling its planned meeting and would reschedule at a later date.

CoinDesk and others also reported on Thursday that the SEC was holding off on rolling out its innovation exemption indefinitely.

Individuals familiar with the situation told CoinDesk that concerns about the Clarity Act led to the SEC’s postponement. The White House and lawmakers are specifically concerned that any SEC action could further complicate ongoing negotiations over the Clarity Act ahead of the Senate’s first vote on the legislation next month.

CoinGecko, a cryptocurrency data and tracking platform, has announced the most searched cryptocurrencies by users in the last three hours. According to current data, USD.AI ($CHIP), Bitcoin ($BTC), and Plume ($PLUME) ranked in the top three of the platform’s trending list.

CoinGecko data highlights the strong price movements recorded by USD.AI and Cysic ($CYS) in the last 24 hours. USD.AI rose 21% in the last 24 hours, while Cysic increased by 49.1%. Humanity (H) also gained 16.6% in the same period.

Bitcoin, on the other hand, saw more limited movement. The price of $BTC changed by 0.1% in the last 24 hours, while its market capitalization remains at approximately $1.27 trillion.

Here is a list compiled by CoinGecko based on search trends over the past three hours, along with the total market capitalization of the cryptocurrencies:

1. USD.AI ($CHIP): $60.2 million
2. Bitcoin ($BTC): $1.26 trillion
3. Plume ($PLUME): $82 million
4. Humanity (H): $245.7 million
5. Cash Cat (CASHCAT): $113.4 million
6. Chainlink (LINK): $7 billion
7. Cysic ($CYS): $125.4 million
8. KiiChain (KII): $23 million
9. Pi Network (PI): $953.5 million
10. Lighter (LIT): $582.9 million
11. World Liberty Financial (WLFI): $1.94 billion
12. Avalanche (AVAX): $2.77 billion
13. MarsCoin (MARSCOIN): $52.7 million
14. Pudgy Penguins (PENGU): $381 million
15. Artificial Superintelligence Alliance (FET): $276.4 million

*This is not investment advice.

Altcoin trading volumes have reached remarkable levels on Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges. According to data from the last 24 hours, Cysic ($CYS), Cap ($CAP), Ontology Gas (ONG), and CoW Protocol ($COW) stood out as the altcoins most heavily traded by South Korean investors.

When the trading volumes of the two exchanges in Korean won trading pairs are combined, Cysic ($CYS) topped the list with a trading volume of $36.4 million. Almost all of the $CYS volume occurred through Bithumb, with the token alone accounting for approximately 17.9% of the exchange’s total spot trading volume.

On the Upbit side, one of the most notable altcoins was Cap ($CAP). $CAP’s 24-hour trading volume on Upbit reached $22.1 million, and when the approximately $2.1 million volume on Bithumb is added, the total volume across the two exchanges rose to $24.2 million.

Based on data from Upbit and Bithumb, the top altcoins and their total trading volumes over the past 24 hours are listed below:

1. Cysic ($CYS) – $36.4 million
2. Cap ($CAP) – $24.2 million
3. Ontology Gas (ONG) – $19.7 million
4. CoW Protocol ($COW) – $19.4 million
5. Perle (PRL) – $14.3 million
6. Derive (DRV) – $13.2 million
7. $XRP ($XRP) – $13.2 million
8. Hemi (HEMI) – $13 million
9. USD.AI (CHIP) – $12.6 million
10. Fusionist (ACE) – $9.7 million
11. Geodnet (GEOD) – $7.6 million
12. Enso (ENSO) – $7.4 million
13. Worldcoin (WLD) – $7.1 million
14. DAPPOS (DOS) – $7.1 million
15. $HOME ($HOME) – $6.7 million

*This is not investment advice.