Anmol Khatiwada, Author at Bitmala

Coinbase Launches Nano XRP and Solana Futures for U.S. Traders

Coinbase is expanding its U.S. derivatives offerings by launching nano futures for XRP and Solana (SOL) starting August 18. These products are part of Coinbase’s strategy to attract retail traders with more accessible, regulated tools.

Nano futures are smaller-sized contracts ideal for everyday traders. The new nano XRP futures will represent 500 XRP per contract, cash-settled in U.S. dollars, with pricing moves as fine as $0.0001. Meanwhile, nano SOL futures will track 5 SOL per contract, with $0.01 price increments. Both contracts technically expire in December 2030, but fresh ones will roll out monthly.

This initiative builds on Coinbase’s earlier futures rollout, including nano Bitcoin and Ethereum contracts, and follows a May 2025 expansion of 24/7 perpetual futures for ADA, SOL, and XRP. Now, the platform is deepening its reach with these lower-barrier entries.

As one of the few U.S.-regulated platforms under the CFTC, Coinbase is uniquely positioned to offer compliant crypto derivatives. The move taps into growing demand from U.S. retail traders for leverage and risk tools that are both accessible and safe.

Given XRP and Solana’s strong user bases, these nano contracts could see rapid adoption among U.S. users previously locked out of such products.

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Bitcoin Faces $120K Resistance as Long-Term Holders Sell: Bull Flag or Breakdown?

Bitcoin trades at $117,777 on July 30 after slipping 0.85% in the last 24 hours, facing resistance near the $118K–$120K range. Long-term holders (LTHs) are beginning to distribute, with over 52,000 BTC sold around the $118K mark, mirroring past market cycles when holders locked in profits at key psychological levels.

Blockchain analyst Axel Adler Jr notes this behavior is consistent with distribution zones seen in Bitcoin’s previous rallies. Meanwhile, over $431 million in leveraged long positions were liquidated, intensifying downward pressure.

Crypto analyst Crypto Patel pointed out a potential bull flag pattern on Bitcoin’s 4-hour chart, which could suggest a continuation of the uptrend if BTC breaks above $120K. However, rejection at this level may push the price back to $114K, invalidating the bullish scenario.

Currently, Bitcoin trades within a $114K–$120K channel. The RSI is at 45.93, indicating neutral sentiment, while the 20-day EMA at $118,255 acts as resistance, and the 50-day EMA at $117,165 provides support.

If bulls break above $120K with volume, Bitcoin could surge toward $130K. If not, a breakdown below $114K could open doors to a deeper retracement below $100K. The market stands at a crucial pivot point.

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Kraken Eyes $15B Valuation with $500M Raise Ahead of 2026 IPO

Crypto exchange Kraken is raising $500 million in a funding round that could value it at $15 billion, positioning the company for a public listing as early as Q1 2026. The move reflects a resurgence of institutional interest in crypto platforms, driven by favorable regulatory shifts and bullish market conditions.

Kraken’s revenue surged to $1.5 billion in 2024, up 128% from 2023, with daily volumes exceeding $1 billion. Recent growth is backed by the March 2025 acquisition of futures platform NinjaTrader and the global rollout of Krak, its multi-currency payment app available in 110 countries.

The exchange has gained regulatory momentum, securing licenses under Europe’s MiCA and MiFID frameworks and benefiting from U.S. legal clarity after SEC lawsuit resolutions and the GENIUS Act.

Kraken also launched xStocks on the Solana blockchain, allowing non-U.S. users to trade tokenized U.S. equities like Apple and Tesla, 24/5, with fee-free USD trading and dividend reinvestment.

As other firms like Circle and Grayscale explore IPOs, Kraken’s push toward public markets signals a maturing digital asset sector. If successful, the raise will strengthen its global reach and tech innovation ahead of its IPO debut.

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BNB Breaks $832 with Institutional Backing—Is $1,000 Next?

Binance Coin (BNB) is on a tear, breaking past $832 — its highest level since 2021 — and sitting just under 3% away from its all-time high of $859.59. This surge is powered by both strong fundamentals and growing institutional demand, making BNB the 5th most valuable crypto by market cap.

According to Nansen data, BNB saw a 37% increase in active addresses over the past month, outpacing Solana in growth rate. The recent Maxwell upgrade, launched on June 30, enhanced validator performance and network speed, fueling broader adoption and user engagement.

Institutional interest is heating up. Windtree Therapeutics reportedly added $520 million worth of BNB to its treasury, while Nasdaq-listed Nano Labs secured approximately 128,000 tokens—worth $108 million—into its reserves.

Technical indicators also favor the bulls. RSI is currently at 70.34, signaling overbought territory, while the MACD line continues an upward crossover, reinforcing momentum.

With whale activity intensifying and confidence booming, BNB is eyeing $900 as its next major level—with $1,000 as a key psychological target. However, any reversal could bring a pullback to the $750 zone, so traders should stay alert for volatility.

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XRP Tops Upbit with $564M in 24H Volume, Outpacing Bitcoin and Ethereum

XRP is dominating the charts on South Korea’s top exchange, Upbit, securing over $564 million in 24-hour trading volume — accounting for 16.04% of the platform’s $3.52 billion total. The XRP/KRW pair outpaced giants like Bitcoin and Ethereum, reflecting intense regional demand.

Currently priced at $0.736 with a $39.2 billion market cap, XRP remains relatively stable, showing only a 0.98% daily dip even as the broader altcoin market corrects. The coin’s resilience is bolstered by Korean traders who consistently rank it among the top-volume assets on exchanges like Bithumb and Korbit.

The surge in KRW volume isn’t new — Korea has long been a hotbed for its trading. With its unique market sentiment cycles, local speculation, and regulatory cues, the region often drives its momentum independently from global USD markets.

While no single event explains today’s spike, analysts suggest a mix of institutional interest and retail enthusiasm. This regional momentum could spark global arbitrage opportunities and renewed trader interest across exchanges.

Upbit’s dominance amplifies XRP’s spotlight, hinting at possible ripple effects in broader crypto markets as Korean demand continues to drive the coin’s popularity.

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Ethereum Strategy Raises $46.5M in ETH Presale Ahead of STRAT Token Launch

Ethereum-native treasury protocol ETH Strategy has successfully raised $46.5 million in presale funding. The capital raise brought in 12,342 ETH across private (6,900 ETH), public (1,242 ETH), and warrant-based (4,200 ETH) offerings, marking the end of the project’s prelaunch phase.

The team confirmed the news via X, saying this milestone sets the stage for the phased rollout of its core DeFi infrastructure. Of the funds raised, 11,817 ETH will go toward ETH staking, liquidity provisioning, and protocol operations. The remaining 525 ETH will fund development, audits, compensation, and community incentives.

The STRAT token is set to launch at 9:00 a.m. ET on Tuesday via Uniswap v4. A unique single-sided pool with an At-The-Money (ATM) mechanism will be used to stabilize earnings per share (EPS), enhancing the protocol’s capital efficiency.

ETH Strategy aims to offer leveraged ETH exposure without the risk of margin liquidations or volatility decay. It plans to use protocol-convertible debt and at-the-market (ATM) offerings to achieve this.

Elsewhere in the Ethereum ecosystem, BTCS Inc. expanded its reserves to 70,028 ETH, while a HashKey Capital-linked wallet deposited 12,000 ETH to a CEX, signaling broader ETH accumulation trends.

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BTCS Surpasses $270M in Ethereum Holdings After $10M Premium Raise

BTCS Inc. (Nasdaq), a blockchain-focused firm, has officially crossed the $275 million mark in digital assets on its balance sheet. This comes after a successful $10 million capital raise through above-market convertible notes priced at $13 per share — a massive 198% premium to BTCS’s July 18 closing price.

As part of its capital deployment strategy, BTCS increased its Ethereum reserves by 14,240 ETH, bringing total ETH holdings to 70,028. At $3,850 per ETH, that’s a valuation of around $270 million just in Ethereum — which the company actively stakes and utilizes for block building via NodeOps and Builder+ platforms.

CEO Charles Allen stated the premium financing validates investor confidence in the company’s DeFi/TradFi Accretion Flywheel strategy — a model balancing decentralized and traditional finance operations for yield and capital efficiency.

Additionally, BTCS raised another $1.64 million through its ATM program by selling over 271,000 shares at $6.04 each. Year-to-date, the company has raised $207 million through a mix of equity sales, premium debt offerings, and DeFi lending — all while managing dilution and maximizing crypto exposure.\

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Insane !Ethena (ENA) Soars Over 130%: Bullish Breakout or Overheated Hype?

Ethena (ENA) has skyrocketed 133% in the last 25 days, touching a high of $0.5367 and lighting up the altcoin charts. With a massive $1.68 billion in 24-hour volume and a $3.39 billion market cap, ENA is grabbing serious attention.

The altcoin recently smashed through resistance levels at $0.36 and $0.47, confirming a breakout from previous consolidation zones. The rally appears backed by strong volume spikes, hinting at large-scale trader or institutional interest.

From a technical standpoint, ENA’s Relative Strength Index (RSI) stands at 74.80 — a signal that the token might be overbought and due for a cooldown. Yet, the MACD indicator remains bullish, with the MACD line comfortably above the signal line.

Analysts are watching resistance at $0.695 and $0.805 if momentum continues. On the flip side, key support sits at $0.47 and $0.36 in case of a pullback.

While the rally looks promising, traders should watch for short-term volatility and overbought corrections. As always, risk management remains key in altcoin cycles.

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Bitcoin Hashrate Hits Record High as Miners Dominate—But Regulators Are Watching

Bitcoin’s hashrate just hit a fresh all-time high, signaling peak mining activity and stronger network security. The surge seems to reflect growing miner confidence, especially with BTC trading at $118,900 — up 0.65% in the last 24 hours.

Top dogs in mining? Foundry USA leads the pack with over 302 EH/s and 48 blocks mined, owning more than 30% of the network. Right behind are AntPool, F2Pool, ViaBTC, and SpiderPool — all contributing significantly, without any empty blocks reported. However, falling block fees — especially ViaBTC’s 20.95% plunge — suggest some tension beneath the surface.

More power means more scrutiny. Onesafe’s latest findings warn that while a higher hashrate fends off threats like the 51% attack, it also fuels hardware and energy arms races. Europe’s MiCA regulations are already spotlighting Bitcoin mining’s environmental footprint, demanding more transparency and greener operations.

As hashrate and price climb together, the future of mining looks profitable — but far from chill.

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XRP Slides 11% Despite Nature’s Miracle Planning $20M Corporate Treasury Buy

XRP tumbled 11% over the past 24 hours, falling to $3.10, even as agrotech company Nature’s Miracle announced a bold $20 million investment in the token. The company, known for integrating tech into agriculture, plans to allocate a portion of its corporate treasury to XRP through funds raised from an equity deal with GHS Investments.

Nature’s Miracle said it will not only hold XRP but also stake it to earn yield and contribute to the growth of the Ripple ecosystem. CEO James Li expressed optimism about XRP’s future, highlighting its use in global transactions by major firms like Santander and American Express.

The funds for the XRP purchase stem from the company’s S-1 registration approved by the U.S. SEC, allowing it to issue registered securities.

This move aligns Nature’s Miracle with other firms transitioning from Bitcoin reserves to altcoins. With Ethereum, Solana, and XRP leading the trend, corporate adoption appears to be broadening.

Even so, XRP’s price remains under pressure. Despite the bullish fundamentals, investor sentiment is cautious following its drop from an all-time high of $3.64. Nature’s Miracle’s initiative could mark the start of a new wave of altcoin treasury strategies.

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