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VALR, the largest crypto exchange in Africa by trade volume, has launched xStocks on its platform, becoming the first crypto exchange on the continent to offer tokenized U.S. equities trading, based on details shared with Finbold on July 31.  The service allows customers to gain price exposure to leading U.S.-listed companies including Tesla, Nvidia, Robinhood, Circle, and Coinbase through tokenization. Farzam Ehsani, Co-Founder and CEO of VALR, emphasized the significance of the launch for African markets: “The launch of xStocks on our platform represents a pivotal moment in advancing access to innovative products that brings choice and inclusion to people in South Africa, with a plan to make the product available to the continent and globally in the near future. By blending crypto and traditional finance, we are forging a financial system that brings down barriers and serves many more with unprecedented ease. This initiative not only strengthens VALR’s global profil...

Mercedes Benz (MBG) is pausing deliveries of its EVs, paving way for Tesla (TSLA) to move further ahead of its competition. The carmaker said on Wednesday the pause is in response to slowing demand and high inventories at dealerships. “Mercedes-Benz is temporarily putting on hold order banks for EQ models in the U.S. to align with current market demand,” a spokesperson for the company said. The group’s CEO Ola Kaellenius told reporters on Wednesday that despite the slower trajectory, he expected U.S. consumers to buy more EVs over time. However, Tesla still dominates that market share, and could get a bit stronger with Mercedes EV deliveries halting. Mercedes Benz’s MBG stock is down 3% on Wednesday after the EV announcement. Also Read: Tesla Signs $4.3 Billion Battery Deal With LG, Ends China Dependency Tesla, as a top competitor in the US EV industry, could hence see a bump in sales and stock. TSLA shares are up a fraction of a percent on Wednesday following th...

Nvidia’s H20 China orders have actually surged quite dramatically after the Trump administration went ahead and reversed AI chip export restrictions, with the company right now placing orders for 300,000 H20 chipsets with TSMC. This development marks a pretty significant shift in the US China chip deal negotiations and also represents billions in potential revenue for the US China chip deal. US allowed Nvidia chip shipments to China to go forward, Hassett says https://t.co/vk40BPzqcA https://t.co/vk40BPzqcA — Reuters (@Reuters) July 30, 2025 White House National Economic Adviser Kevin Hassett had this to say during a Fox News interview: “President Trump and his team decided to let the NVIDIA chips go to maintain America’s technological edge in AI chips. One of the risks that you have to take seriously is that if China’s not buying chips from us, then they’re innovating, making their own chips. And the one thing we don’t want is for them to jump ahead ...

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The Shiba Inu bear market is showing some pretty clear signs that it might actually be coming to an end right now. SHIB has been recovering from what many considered critical support levels, and along with that, we’re seeing XRP display some bullish reversal signals while Ethereum appears ready for a potential breakout. At the time of writing, these three major cryptocurrencies are painting a picture that suggests the broader bear market could finally be over. Also Read: Will Shiba Make Me Rich? SHIB Breakout Can Turn $10,000 Into $160,000 Ethereum, XRP, and SHIB Signal End of Crypto Bear Market Source: Token Metrics XRP Shows Bullish Reversal Above Key Levels XRP has been finding some stability in the $3.10-$3.25 range, as CoinGecko reveals, and this comes after a pretty significant correction from its local high above $3.60. The price has actually been stabilizing above the 20-day EMA, with recent daily candles showing strong defense of support – which suggests that bulls ...

Insights from the Ethereum (ETH) Rainbow Chart suggest that the second-largest cryptocurrency by market cap is likely to see further momentum on August 1. As of press time, Ethereum was trading around $3,700, placing it within the “Steady…” zone of the chart.  The Rainbow Chart is a long-term valuation model that utilizes a logarithmic curve and color bands to illustrate Ethereum’s historical price sentiment. It helps investors gauge whether the asset is undervalued or overheated, without predicting short-term movements. For August 1, 2025, the model estimates Ethereum could trade between $4,752.48 and $6,901.15, a range corresponding to the “HODL!” zone. However, based on Ethereum’s current position and price momentum, the asset is likely to remain in the “Steady…” zone over the next few days.  Ethereum Rainbow Chart. Source: BlockhainCenter The lowest band on the chart, labeled as “Fire Sale” ($88...

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Daemons NFT Mint Recap: A Legendary Start for Web3’s Digital Pet Universe The highly anticipated Daemons NFT Mint officially launched on November 23, 2024—and it didn’t disappoint. With a nostalgic blend of Tamagotchi charm and Pokémon-style battles, Daemons entered the Web3 gaming scene with explosive momentum and community hype. From early birds grabbing ultra-rare mints to newcomers discovering the soul-bound pet ecosystem, the mint marked a powerful first step into the Daemons multiverse. ️ 8,888 Daemons, Minted with Purpose The Daemons team offered 8,888 unique NFTs, each one tied to an AI-driven pet that reflects its owner’s wallet activity. Priced at just $12, these NFTs weren’t just art—they were passports into a living game world. The response? Massive. Within hours, thousands of Daemons were minted by eager supporters—solidifying Daemons as one of the most promising new projects in Web3 gaming. Early supporters received: A free Daemon mint upon game launch Boosted DMN Sou...

According to cryptocurrency sleuth ZackXBT, Ripple co-founder Chris Larsen has transferred 50 million XRP coins worth around $175 million to four addresses since July 17. The asset hit an all-time high of $3.65 on July 18, but has since faced a big correction. XRP has experienced an 11.1% price crash over the last 24 hours. Since July 17, 2025 an address linked to Ripple co-founder Chris Larsen transferred out 50M XRP ($175M) to four addresses. ~$140M ended up at exchanges/services 30M XRP recipient rPS9kVPbgZF4vXq2hs6s9Xv2754qdRau98 rnQXgGAjqbF4KoBpcBK5YBHyZEL7nGWWoi 10M XRP recipient… — ZachXBT (@zachxbt) July 24, 2025 Is The Co-Founder Responsible for XRP’s Price Crash? Source: Bitcoin.com Larsen has moved $175 million worth of XRP to four different addresses over the last week. Despite the reshuffling, there is no indication that the Ripple co-founder has sold, or intends to sell, his XRP holdings. Ripple’s XRP token has seen a massive price rally over the last yea...

Ripple is set to unlock 1 billion XRP tokens from its escrow account on August 1, 2025, as part of its monthly release schedule. The August release is expected to follow the usual pattern: unlocking 1 billion XRP, returning most to escrow, and using the remainder for operational and market needs. Ripple’s escrow system, launched in 2017, ensures a predictable and transparent XRP supply by unlocking 1 billion XRP each month over a 55-month cycle.  Typically, Ripple returns 60% to 70% of the released tokens to escrow. For example, in June 2025, approximately 670 million XRP was re-escrowed, while 330 million was retained for the company’s use, liquidity, or strategy. In some months, less than 1 billion XRP has been released. The practice has drawn criticism from some XRP holders, who accuse Ripple of dumping tokens to fund operations at the expense of investors.  However, legal consultant and pro-XRP lawyer Bill Morgan dismissed the “escrow dump” n...

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