Why Crypto Market is Up Today [ LIVE ]

It’s official — the first $XRP Spot ETF launches in the US today. After a long battle with the SEC, this milestone marks a historic step for Ripple, XRP, and the wider crypto industry. The launch signals the start of institutional flows into XRP, setting the stage for a new era of adoption and growth.

After 1.5 months of downtrend, $PENGU found support at the 0.50 Fibonacci level and is now showing signs of strength. A trader entered when it flipped the .382 fib, already taking small profits but plans to hold and add on dips. $PENGU could eventually retest previous highs if momentum continues.

Investors are piling billions into $SOL, yet some traders are still fading the move. Market voices say this is a chance to long with size and buy dips, but caution against getting overleveraged. With momentum building, many see Solana heading toward $250 or higher in the near term.

Pumpfun has already bought back over 6% of its supply, with daily revenue hitting $1.5M–$2M. With equal buyers and sellers, the $2M in daily buybacks alone drives the chart upward. Analysts suggest the project remains undervalued despite steady growth.

Bitcoin’s cost basis distribution shows dense support between $110K–$114K, where a significant portion of supply was accumulated.The next major supply zone sits near $117K, which could act as resistance if BTC tests higher levels.

Galaxy Digital is assisting Forward Industries in acquiring $1.65 billion worth of Solana ($SOL). In just the past 12 hours, Galaxy Digital withdrew 1.45M $SOL ($326M) from exchanges. Forward Industries confirmed the move, saying it completed a $1.65B private placement to fund the purchase.

Bitcoin has re-entered the sell/short zone, with traders calling it time to take profits on BTC, ETH, and altcoin spot bags. The strategy: offload 10% of spot holdings daily while adding to shorts. Current positioning stands at 80% USDT/shorts and 20% spot. Sentiment signals caution as the market faces selling pressure.

A Thorchain cofounder has lost $1.35 million after malware stole keys from a software wallet. The attacker didn’t need a malicious transaction — the malware directly accessed the wallet keys. The incident highlights a major risk: keeping large funds in software wallets is unsafe. Experts warn it’s not a matter of if, but when such wallets will be drained.

Polygon Labs has announced a partnership with Cypher Capital to boost institutional access to POL across the Middle East. The initiative aims to channel long-term capital into the Polygon ecosystem, giving institutions exposure to POL while driving yield, growth, and network security

A trader has closed his $LINEA short despite being in profit, saying it “feels like a crime about to happen” — similar to past surprise rallies like $ZORA on Base.

He expects potential headlines around Sharplink building on Linea, which could trigger a sudden short squeeze. While the token might bleed for weeks, he warns of a possible FU candle once the ETH <> Sharplink narrative gains traction.

Sharplink has already confirmed plans to stake on Linea, and with Linea’s ETH burn + buyback mechanism, the setup looks strong. The trader draws parallels with:

• BNB → Binance
• MNT → Bybit
• Zora → Base
• Linea → Sharplink

He suggests shorts could be caught off guard if the narrative reignites.

An early $HYPE whale wallet (0x7dac) has cashed out another 67,006 $HYPE worth $3.82M. The whale originally bought 1.26M $HYPE for $9.51M at an average of $7.52 and also received 22,270 $HYPE at genesis. He has already sold 385,513 $HYPE for $16.15M at an average of $41.9, while still holding 900,663 $HYPE valued at $50.5M. His total profit now stands at an eye-watering $57M+, making him one of the biggest winners in the $HYPE market.

CNBC reports that the Winklevoss twins’ Bitcoin exchange Gemini has raised $425 million through its Nasdaq IPO. The strong debut highlights soaring Wall Street demand for Bitcoin, signaling growing mainstream acceptance of crypto.

The green line marks Bitcoin’s current price. The big red and orange bars to the left? Those are long liquidations sitting below the price — and smart money is watching them closely. On the right, short liquidation levels are light, meaning most of the risk is stacked on the long side right now. This shorter-timeframe map (from “optical_opti”) usually clears within days. Think of it as a pain map price often gravitates toward these zones to wipe out over-leveraged positions.