XRP climbed roughly 6% in a single trading session, pushing its price back above $1.45. The move followed dovish comments from Federal Reserve officials, and it lifted the broader crypto market with it. Traders now point to $10 as a long-term target for XRP, a figure that seemed unrealistic only weeks ago. The rally stems from shifting expectations around Fed interest rate policy. Risk assets across markets caught a bid as traders priced in a friendlier rate path ahead. XRP's 24-hour trading volume held near $4 billion, and its market cap settled around $90.9 billion. That volume places XRP firmly among the largest cryptocurrencies by market presence. Rate-cut speculation has shifted throughout the week, and that uncertainty spilled directly into XRP price action. An August surge took XRP from $1 to $1.70, a 70% jump, and set the stage for the current rebound. XRP Faces Key Resistance After Its August Correction XRP corrected 20% after that August peak, sliding into a $1.35–$1.38 r...

Bitcoin rewards mined in March 2010—now moving after more than 16 years from long-dormant wallets—have triggered fresh debate over whether the earliest coins could be tied to Satoshi Nakamoto. On Saturday, multiple addresses that together held about 600 BTC (worth roughly $48 million) transferred funds after an inactivity stretch spanning well over a decade and a half, according to onchain data reviewed by Cointelegraph. The latest movement is getting attention because it falls within the period when Nakamoto was still active in Bitcoin’s early development. But blockchain sleuthing by Whale Alert points to a different conclusion: the company says it found no link between these specific mining blocks and Nakamoto. Key takeaways About 600 BTC moved from dormant Bitcoin addresses after more than 16 years, with Cointelegraph tracing the activity to onchain monitoring reports. Whale Alert attributes the funds to block rewards from March 2010, when the per-block subsidy was 50 BTC. Wha...

Coins mined in Bitcoin’s earliest era have finally stirred after more than 16 years of inactivity, prompting fresh speculation that they could be tied to Satoshi Nakamoto. According to on-chain analysis highlighted by Cointelegraph, 12 dormant Bitcoin addresses collectively moved 600 BTC on Saturday—an amount currently valued around $48 million. While the timing has fueled “Satoshi-era” narratives, Whale Alert’s research claims it found no evidence linking the transactions to Nakamoto. The platform says the moved funds trace back to block rewards earned during March 2010, when Satoshi was still actively involved with the project’s early development and communications—before gradually stepping back. Key takeaways On-chain data reviewed by Cointelegraph shows 12 Bitcoin addresses moved a total of 600 BTC after more than 16 years of dormancy. Whale Alert traced the 600 BTC to mining rewards paid across 12 Bitcoin blocks in March 2010, each originally issued as a 50 BTC subsidy. Whal...

Singapore-based Bitcoin mining company BitFuFu has increased its Bitcoin treasury to 1,373 BTC, highlighting a renewed focus on holding the digital asset even as the miner continues to navigate weaker mining economics and pressure on revenue. The latest accumulation marks a notable shift from periods when the company sold part of its Bitcoin reserves to finance operations and expand mining capacity. BitFuFu’s recent financial performance has underscored the challenges facing miners as Bitcoin prices, network difficulty, and demand for cloud-mining services affect profitability. Key Takeaways BitFuFu’s Bitcoin treasury has reached 1,373 BTC. The company previously used Bitcoin sales to support operations and procure additional mining capacity. Second-quarter revenue fell 62.9% year over year to $42.8 million. BitFuFu has been rebuilding its managed hashrate after significantly reducing capacity earlier in the year. Bitcoin Treasury Takes Greater Importance BitFuFu’s treasury strategy ha...

Orionx, a Chilean cryptocurrency exchange backed by Tether, is shutting down after discovering a custodial shortfall that Orionx says is tied to assets leaving wallets the exchange did not manage. The company said it has started a permanent closure process and is temporarily suspending withdrawals while it works to return funds to clients. In a statement posted on X, Orionx said a forensic audit found that more than $7 million in custodial assets recorded in the exchange’s systems had moved to wallets not controlled by Orionx. “Our sole priority now is to return as much of our clients’ assets as possible,” the exchange said. Key takeaways Orionx began permanent closure after a forensic review identified a custody mismatch involving over $7 million. Withdrawals are temporarily suspended as the exchange moves to return client assets. The company did not disclose when the transfers occurred, but a criminal complaint referenced activity between 2018 and 2021. Orionx accused former ...

Orionx, a Chile-based cryptocurrency exchange backed by Tether, is shutting down after a forensic review flagged a multimillion-dollar custody discrepancy, according to statements shared by the company on X. The exchange said it is moving into a permanent closure process and has temporarily suspended withdrawals as it works to return client funds. Orionx said the audit identified more than $7 million in assets recorded in its custodial records that had been transferred to wallets it does not manage. The announcement arrives against a broader backdrop of increased scrutiny around custody controls and regulatory compliance for crypto firms operating in Latin America. Key takeaways Orionx is initiating a permanent shutdown after a forensic audit found a custody mismatch involving more than $7 million. The exchange says withdrawals are temporarily suspended while it prioritizes returning client assets. Orionx has not disclosed when the transfers occurred, but a criminal complaint all...

Fidelity Digital Assets has cautioned that Bitcoin’s strong August performance does not necessarily mean the cryptocurrency’s broader bear market has ended. While the latest rally has improved market conditions, the firm said investors should still consider the possibility of another market bottom later this year. Bitcoin posted its strongest monthly gain since late 2024 during August, while Ethereum and other major cryptocurrencies also recorded substantial advances. The move has led some investors to argue that the market may have already established a bottom. Key Takeaways Fidelity said Bitcoin’s bear market may not be over despite its strong August recovery. The four-year cycle model places potential attention on November 2026, although Fidelity stressed that the pattern is not a reliable timing tool. Bitcoin gained more than 25% during the third week of August, while Ethereum and Solana rose 34.1% and 28%, respectively. Growing stablecoin activity, real-world asset adoption, insti...