🚨 Web3 Watch: Top Crypto Trends to Know Now

📰 News

📢 Elon Musk’s X Takes On Robinhood, In-App Trading And Cards Coming Soon

Elon Musk is pushing X one-step closer to becoming a super app, teasing in-app investment and trading functionalities to take on Robinhood.

X To Offer Payments And Investment Capabilities For Use

According to a Financial Times report, X users will be able to make trades and a broad range of investments on the platform without additional integrations. X CEO Linda Yaccarino revealed the plans in an FT interview, noting that the company will soon roll out the new features, but did not give a clear timeline.

Yaccarino notes that the incoming offerings are in line with Elon Musk’s ambitions to transform X into a super app. While the social media platform has begun making inroads to earn the super app tag, offering full payment and investment services is within reach.

“You’ll be able to come to X and be able to transact your whole financial life on the platform, said Yaccarino. “And that’s whther I can pay you for the pizza that we shared last night ormake an investment or a trade.”

Yaccarino disclosed plans to roll out an X credit or debit card before the end of the year, doubling down on its payment capabilities. Previously, the company announced a digital wallet and a P2P payment service, tapping Visa as a payments partner.

The combined effect of its inroads in financial services could bring it into direct competition with Robinhood and other fintech platforms. X has been exploring the possibility of stablecoin integrations, joining Apple, Google, and Airbnb.

🌐 Nasdaq-Listed Firm Raises $600M To Create HYPE Treasury

Nasdaq-listed Lion Group invests $600M in HYPE treasury, embracing DeFi with BitGo, Solana, and Sui, to lead institutional crypto adoption.

Lion Group Aims to Develop the Biggest HYPE Treasury in the World

HYPE will become the primary reserve cryptocurrency owned by the company, in addition to Solana (SOL) and Sui (SUI) tokens. It will be under the custody of BitGo, a reputable digital asset custody holder. As part of its objectives, Lion Group wants to own the largest HYPE treasury in the world.

According to the CEO of Lion Group, Wilson Wang, Hyperliquid complements their current business venture of derivative trading. He is sure that the finance industry will be changed by decentralized platforms that allows trades on blockchain and one of them will be HYPE.

Solana is associated with secure and easy to use crypto applications whilst Sui has captured interest recently after a joint venture with World Liberty Financial which has substantial investment from Eric Trump. These decisions indicate the fact that Lion Group is oriented to innovative blockchain technologies. The company plans to make $10.6 million in HYPE purchase in the coming days.

This announcement comes as other Nasdaq-listed companies, like Eyenovia, also explore Hyperliquid treasuries. Experts see this as a sign that big investors are embracing altcoins, or alternative cryptocurrencies.

📊 Markets

🔍 Can XRP Price Break Out of 7-Month Consolidation as Bulls Reduce Leverage Bets?

XRP price looks to break out from a 7-month consolidation with a 41% rally as a symmetrical triangle narrows amid a Bollinger band squeeze.

XRP Price Eyes Breakout From 7-Month Consolidation

XRP price has been moving sideways in the last seven months between $1.67 and $2.94. However, this choppy movement has not been unique to the Ripple token alone, as most altcoins have failed to mirror Bitcoin’s strength due to capital rotation to the largest crypto.

The technical structure on the daily timeframe shows that a breakout for Ripple’s token could be imminent. Bollinger bands are narrowing, and when this happens, it usually indicates that a strong move, either upwards or downwards, is about to commence.

A bullish breakout above the upper Bollinger band of $2.31 could signal the start of a bullish rally. However, if sellers start selling now as they lose conviction in holding XRP may crash, forcing a bearish breakdown below the lower Bollinger band of $2.08.

A symmetrical triangle pattern also shows that it is likely that the XRP price will make a breakout from consolidation. If the price overcomes resistance at the upper trendline, it could kickstart a 41% rally to $3.22. Conversely, losing this support level may force XRP to fall below $2 to the triangle’s bearish target price of $1.24.

For a bullish breakout to occur, buyers would have to step into the market again, and currently, they are still hesitant because of its reading of 45. Until this happens, XRP price could remain within this consolidation zone.

Besides buyers, bullish news also plays a major role in supporting an XRP breakout from consolidation. Currently, the community is eagerly awaiting a joint motion ruling in the Ripple vs. SEC case that could pull buyers back into the market.

💣 FUNToken (FUN) Price Explodes 25% in 24 Hours! Is a Breakout to $0.008 Imminent?

FUNToken price jumps 25% in 24 hours amid bullish sentiment and upcoming updates—analysts eye a potential breakout to $0.008 soon.

Assessing FUNToken price’s recent surge

FUNToken price grabbed investors’ attention with its daily rise. Thanks to this, FUN is once again trading above $0.0041 with a market capitalization of more than $45.2 million. This recent price uptick brings the token’s price closer to a critical resistance of $0.005.

The good news is that while FUN’s price surged, its weighted sentiment also increased and moved into the positive zone. This clearly suggested that bullish sentiment around the token is rising. Additionally, its social dominance remained pretty stable, signaling consistent social engagement.