Tag: CRYPTOS FoxBusiness

$XRP Ledger version 3.3.0 launched in the past week, with its upgrade progress across the entire network now in focus. In this context, RippleX software engineer Mayukha Vadari has provided an important clarification on an update progress metric.

The conversation began when an X user posted that XRPL UNL validators have met the ‘Sufficiently Updated’ threshold of 80% on version 3.3.0 of XRPLD, hoping for amendment voting to gain traction.

That prompted a question from $XRP community member @offledger, who asked whether the “Sufficiently Updated” consideration applies to the entire network rather than only validators.

The original poster suggested that a set number rather than a percentage might be more appropriate for non-validating nodes, as software versions can vary considerably across that portion of the network. He cited XRPScan figures that showed 74 nodes on version 3.3.0 and 58 on version 3.2.1.

Offledger clarified that the consideration has always been measured against the entirety of the network rather than only UNL validators; this implies about 32% of the network had updated to 3.3.0 while 68% of the network currently runs version 3.2.1.

“A wee way to go yet,” Offledger said, suggesting that the broader network still has significant ground to cover before 3.3.0 reaches widespread adoption.

Responding to the discussion over the ‘Sufficiently Updated’ threshold of 80%, Vadari said this is the metric that most validators use, adding that 80% of the UNL updating is the bare minimum, not the norm.

$XRP Ledger consensus structure explained

The X discussion highlighted an important distinction between UNL validators and the broader XRPL network.

The xrpld is one of the two main types of server software that power the $XRP Ledger and can run in several modes depending on its configuration. One of these is P2P, which is the main mode of the server. This includes validators, which help secure the network by participating in consensus. A unique node list (UNL) is a server’s list of validators that it trusts not to collude with every $XRP Ledger server configured with a UNL.

Hub servers relay messages between many other members of the peer-to-peer network, while the API server provides API access to read data from the shared ledger, submit transactions, and watch activity in the ledger.

These form a peer-to-peer network that processes transactions and maintains the shared state of the $XRP Ledger.

$XRP‘s price is currently just above the psychological $1 mark, effectively invalidating one of its most significant support structures of 2025. The decline is particularly noteworthy because it occurs while $XRP Ledger activity is still comparatively high. After dropping below the $1.05-$1.07 range that had consistently offered support during the most recent consolidation, $XRP is currently trading at about $1.006.

Short-term picture isn’t yet clear

The short-term moving average, which is currently close to $1.065, strengthened this region. Rather than recovering it, $XRP has kept generating lower highs and lower lows. The obvious next issue is that $1 is now the first line of defense. A persistent break below $1 would be more significant than another typical daily decline.

There isn’t much obvious support for $XRP below the current price. If selling picks up speed, the next possible demand area is around $0.95, followed by roughly $0.90. Moving averages support the negative framework. While the larger averages sit significantly higher at roughly $1.178 and $1.370, $XRP stays below the averages near $1.065 and $1.082.

Since they are all positioned above the market, any attempt at a recovery will face several levels of resistance. Additionally, momentum is declining. The daily RSI has dropped to about 34.2, which is close to oversold territory but not quite at the traditional 30 threshold. This allows for more declines before $XRP becomes technically stretched.

Network remains active

It’s interesting to note that the weakness does not seem to be caused by declining network participation. According to $XRP Ledger data, there were roughly 207,028 active users on August 10. In general, activity has increased from about 100,000–120,000 users in the middle of July to about 200,000 or more recently.

As a result, there is an obvious discrepancy between market performance and network usage. Spot demand has not increased enough to stop $XRP‘s decline despite more active users. Although network activity can bolster a longer-term fundamental argument, it does not ensure that the token will appreciate right away.

For $XRP, the first significant indication that the most recent breakdown is being contested would be the recovery of $1.065–$1.082. Until then, the technical structure remains very bearish, with $1 being much more significant now that the previous support zone has failed.

According to the Russian news agency Interfax, the Central Bank of Russia has prepared a notable regulation for Bitcoin (BTC), Ethereum (ETH), and Tether ($USDT).

The Central Bank of Russia has released a draft regulation that would include Bitcoin, Ethereum, and $USDT in the list of cryptocurrencies that can be publicly traded on exchanges. However, the regulation is still in draft form. Comments and suggestions on the draft will be accepted until August 24, 2026.

300,000 Ruble Limit on Cryptocurrency Purchases!

According to the draft regulation, unqualified investors will be able to purchase designated crypto assets through each brokerage firm up to a maximum of 300,000 rubles per year.

The Central Bank stated that the aim of this restriction is to protect investors from sharp and unpredictable price movements that may occur in the cryptocurrency market.

The bank stated that only the most liquid cryptocurrencies would be offered to unqualified investors, with Bitcoin, Ethereum, and Tether $USDT being among the prominent assets in this regard.

No Limits for Qualified Investors!

The statement noted that qualified investors would be able to purchase all cryptocurrencies traded on exchanges and over-the-counter markets without any quantity restrictions.

However, the Russian Central Bank reminded investors that, regardless of their status, they should undergo necessary tests and be informed about the risks of investing in crypto assets before engaging in cryptocurrency transactions.

“To protect unqualified investors from sharp and unpredictable fluctuations in cryptocurrency prices, they will only be offered the most liquid cryptocurrencies.”

According to the law, when selecting cryptocurrencies, market capitalization, average daily trading volume, and price history on foreign exchanges (which must be at least five years for such an asset) are taken into account.

Based on these criteria, the Central Bank of Russia has included Bitcoin, Ethereum, and Tether-$USDT in the list of cryptocurrencies that can be publicly traded on exchanges. Qualified investors will be able to purchase all cryptocurrencies traded on exchanges and over-the-counter markets without restriction.

The bank has imposed limits on cryptocurrency purchases for unqualified investors. These investors will be able to purchase a maximum of 300,000 rubles worth of cryptocurrencies per year from each brokerage firm.

The Editing is Still in Draft Stage!

The regulation announced by the Central Bank is not yet final. Comments and suggestions regarding the draft will be accepted until August 24, 2026.

Furthermore, Russia’s new comprehensive crypto regulation law was signed into law by Putin on August 4th and will generally come into effect on September 1st, 2026.

*This is not investment advice.

“Access to JTCC’s supply, one of the world’s largest liquidity streams in the trading card space, gives Deadstock an unfair advantage most platforms can never reach: deep, continuously replenished real-world inventory at scale,” said Jang.

The eBay question

However, there is an important caveat to this model: liquidity.

eBay remains the industry’s dominant source of price discovery and liquidity in the trading card sector. More than $2.62 billion worth of individual trading cards changed hands on the marketplace in 2025, according to GemRate data, including about $837 million of trading-card-game and non-sports cards. The tally doesn’t include sealed boxes, packs, sets or lots, meaning the broader card business conducted on eBay is even larger.

Liquidity begets liquidity. A seller is naturally drawn to the venue with the largest number of potential buyers, while buyers benefit from a deep history of completed sales that can help establish a particular card’s actual value. That network effect gives eBay an advantage that newer tokenized marketplaces have yet to replicate.

And that creates a chicken-and-egg problem for platforms such as Deadstock.

Transferring ownership on a blockchain may allow a trade to settle almost immediately, but it doesn’t guarantee that someone will be on the other side of the transaction. A tokenized card trading among a small number of users could be less liquid — and harder to price — than the same card listed on an established marketplace.

Worldcoin [$WLD] surged by over 10% in the last 24 hours and sustained the upward momentum for the fourth day in a row to cross the $0.34 resistance.

The price move places $WLD at a critical point as buyers attempt to invalidate the bearish structure that has dominated price action since June.

Besides, the current rally helped $WLD break out above the upper boundary of the pennant consolidation pattern, indicating the potential formation of a trend reversal. A daily candle close above $0.34 will confirm the breakout.

Worldcoin’s trading activity is also supporting the recovery

That’s not all; Worldcoin’s trading volume has recorded a 150% increase to $211 million, suggesting a sharp increase in market participation as the token surges aggressively.

The surge in volume provides stronger confirmation for the breakout because sustained buying activity can help prevent the move from becoming a short-lived price spike.

Derivative data is also sparking similar signals

Worldcoin’s Open Interest gained by 10.44% to $169.4 million over the same period, indicating that traders are adding new positions as price momentum strengthens.

The network’s rising Open Interest alongside a price rally suggests fresh capital is entering the market and could amplify $WLD’s upside if buyers maintain control.

Moreover, long positions currently account for approximately 60% of total $WLD market exposure, giving bulls a modest advantage. This positioning supports the bullish setup, although an excessively crowded long market could also increase liquidation risks if $WLD fails to sustain its breakout.

Is $0.40 next for the bulls?

More than $1 million in liquidity remains concentrated between $0.37 and $0.40, creating a significant liquidity pocket above the current price.

If buyers sustain momentum, $WLD could be drawn toward this zone as its price action hunts for the unmitigated liquidation clusters.

Final Summary

• $WLD gained by more than 10% in 24 hours, breaking above $0.34 as buyers challenge the token’s recent bearish structure.
• Rising volume, Open Interest, and $1 million-plus liquidity between $0.37 and $0.40 could support a move toward $0.40.

“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a client note sent after the SEC’s notice.

The proposal is expected to give a path to crypto firms enabling them to raise capital for projects without triggering SEC registration requirements, and the businesses are also expected to be provided an exit path for getting clear of the agency’s jurisdiction when they’re not engaged in hands-on management of the projects anymore.

Before this, Atkins and the agency had rolled through a lengthy series of crypto policy statements meant to clarify its regulatory position on digital assets, but the staff statements have little long-term durability. A formal rulemaking would be more difficult to reverse in the future.

But the rule will likely take further months to develop and finalize. This first stage will come with a comment period — typically two or three months — and be followed by a potentially lengthy rewrite.

Reg Crypto would join some of the other significant steps the agency has taken or is still working on to foster the U.S. crypto industry. One of the major moves was a joint stance with the Commodity Futures Trading Commission on a “taxonomy” to define how they view various crypto assets and which jurisdictions they belong in. The agency is also still working on its tokenized securities approach, which Atkins routinely mentions as one of the SEC’s marquee crypto maneuvers.