A prominent market analyst presents timelines for XRP to claim new heights, leveraging pointers from his “Bifrost Bridge” analysis.
The analysis comes on the back of XRP’s recent positive performance. The asset surged 283% in November, marking its best monthly performance in seven years. December is continuing this momentum, with XRP gaining an additional 26.4% just 12 days into the month.
Market analyst EGRAG has compared the ongoing rally with XRP’s trajectory in the 2017 cycle. He suggests that this current price behavior mirrors patterns observed before XRP achieved its all-time high (ATH) of $3.31 in January 2018.
Using his “Bifrost Bridge” analysis, EGRAG forecasts two potential price milestones for XRP: $6 and $27. Notably, he based these targets on Fibonacci retracement levels and historical price movements.
XRP Could Target $6 and $27 In his analysis, EGRAG highlighted XRP’s early 2017 market moves. For context, in March 2017, XRP rallied 150% from a critical support zone, which the analyst calls the “purple foundation.”
Interestingly, this initial rally set the stage for a more extraordinary 1,330% gain in May 2017. EGRAG projects that XRP’s ongoing uptrend could follow a similar trajectory. If the same percentage gains repeat, XRP may achieve new heights.
In the current December monthly candle, the analyst believes aims for the “gold region,” situated between $4.3 and $6.4. Data from the chart shows that these initial price targets align with Fibonacci retracement levels of 1.414 and 1.618.
XRP 1M Chart EGRAG Crypto Meanwhile, for the next monthly candle, January 2025, EGRAG sees a massive 1,330% rally that could push XRP into a second gold region. He expects this gold region to rest between the lofty prices of $13.7 and $27.3, aligning with another retracement zone.
EGRAG Dismisses Market Cap Skepticisms Notably, previous skepticism about achieving such targets had emerged. They often center on the increased liquidity and larger market cap in today’s crypto markets. However, EGRAG addressed this by comparing the total market caps for 2017 and 2024 (TMC).
In May 2017, the crypto market cap stood at $60 billion. Today, it has ballooned to $3.7 trillion, marking a 6,000% increase or a 61x multiple. EGRAG suggests applying this same multiplier to XRP’s 2017 market cap of $15 billion. This would result in a hypothetical $900 billion XRP market cap.
Interestingly, to contextualize these figures, XRP would need to capture between 9% and 18% of the TMC, depending on whether it grows to $5 trillion or $10 trillion. Given XRP’s use cases in cross-border payments, such dominance in market share is considered feasible.
For context, Ripple CEO Brad Garlinghouse previously predicted that the TMC could rise to $5 trillion. Today, XRP trades for $2.48, boasting a market cap of $140 billion and 3.96% market dominance. If its dominance reclaimed the 2017 peak of 31%, this would translate to an XRP market cap of over $1 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
A notable market veteran says XRP could reach a three-digit figure, suggesting the recent drop is just a retest of a double-bottom breakout.
Gert van Lagen, a Dutch technical analyst, noted this while discussing XRP’s price movements on the weekly chart. He argued that the current XRP price retracement could be a necessary retest, setting the stage for an explosive run that could surpass $100.
XRP Historical Double Bottom Structure His weekly chart highlights XRP’s historical patterns, with a focus on its first cycle. For context, during this period, XRP formed a similar double-bottom structure. After achieving an all-time high of $0.0614 in December 2013, XRP collapsed. This slump led to the first bottom at $0.00281 in July 2014.
Despite a recovery to $0.028 in December 2014, XRP failed to break its 2013 ATH. This resistance triggered another collapse, reaching a second bottom at $0.003 in January 2017.
XRP 1W Chart | Gert van Lagen However, in an interesting turn, a breakout from the double bottom led to a more substantial uptrend. After breaking above this double-bottom pattern in March 2017 and retracing to retest the breakout, XRP experienced a parabolic surge, reaching a new ATH of $3.31 by January 2018.
XRP Forms Similar Double-Bottom Fast forward to the current cycle, XRP’s price movements are similar to the previous behavior. After reaching its ATH of $3.31 in January 2018, XRP entered a prolonged bearish phase, which led to the formation of a second double-bottom structure.
The asset found its first bottom at $0.1140 in March 2020 before rebounding to $1.96 in April 2021. However, this recovery fell short of reclaiming the $3.31 ATH. A subsequent collapse brought XRP to its second bottom at $0.2870 in June 2022, following the market-wide turmoil triggered by Terra’s downfall.
This double-bottom setup is again signaling the possibility of a massive bullish breakout. November 2024 marked a crucial turning point, as XRP rallied by 283%, echoing a similar 284% surge from March 2017. Van Lagen believes this rally confirmed the double-bottom breakout.
A Healthy Retest However, XRP has since retraced to $2.2 amid a broader market pullback. Van Lagen asserts that this pullback is a healthy retest of the breakout zone. Notably, such retests are essential for establishing strong support levels.
Van Lagen predicts that if XRP replicates the previous run, it could surpass $100 this cycle. Specifically, data from his chart shows a likely rally to $150, marking an upsurge of 6,718% from the current $2.2 price. For context, XRP rallied 12,592% to $3.31 after a similar retest in 2017.
Interestingly, EGRAG, another prominent market analyst, confirmed the bullish outlook. He noted that he and other confident market watchers have faced ridicule for projecting rallies to double-digit prices. However, market veterans are now expecting XRP to hit a triple-digit price.
They used to call us crazy for saying double digits for #XRP now they are charting #XRP for 3 digits.
Trust the process.
Men lie, women lie but charts don’t lie https://t.co/Y7XTvA7FM2
— EGRAG CRYPTO (@egragcrypto) December 19, 2024
For context, EGRAG has always been confident that XRP could reach $27. Most recently, he identified an XRP profit-taking zone between $4.42 and $27.86, based on Fibonacci extensions. He also recently introduced the “Bifrost Bridge” framework, which suggests XRP could reach $6 by December 2024 and $27 by January 2025.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bifrost remains a Bitcoin liquidity innovation leader by extending BTCFi ecosystem capabilities through a partnership with Oasys MCH and PLANZ. Through this partnership, Bifrost aims to strengthen $BtcUSD adoption across GameFi and DeFi applications, creating fresh opportunities for gaming enthusiasts and decentralized finance users.
Key Highlights of the Partnership The integration of $BtcUSD within Oasys creates opportunities for the platform’s game-optimized blockchain users due to its strong presence in Japan. Gaming DEX is the leading decentralized exchange on Oasys, where the $BtcUSD stablecoin will initiate its availability. The currency $BtcUSD draws rewards from liquidity-providing parties when they stake their funds across new pools. The Ragnarok platform, developed by Oasys, will utilize $BtcUSD as its first perpetual decentralized exchange on its blockchain.
Renowned blockchain gaming and Web3 development experts MCH and PLANZ bring their extensive expertise to the collaborative partnership with Bitfrost. The collaboration among these entities will streamline the development of distinctive use cases for $BtcUSD across gaming platforms to establish DeFi and GameFi integration.
Innovative Use Cases for $BtcUSD The integration with Oasys opens a variety of revenue-generating opportunities:
Liquidity Rewards: Gaming DEX users who supply liquidity for the $BtcUSD/USD pair will receive rewards through its pools. Perpetual Trading: Integrating $BtcUSD into Ragnarok DEX will allow users to earn through extra opportunities. Gaming Ecosystem Expansion: MCH and PLANZ collaborate with $BtcUSD to develop decentralized applications (DApps) to enhance the gaming experience. A Win-Win for All Partners The expanded use of $BtcUSD across Bifrost unlocks greater value for BTCFi users and enhances its position as a provider of services across gaming and DeFi markets. Such integration boosts both the user base and financial activity at Oasys, fortifying its standing as the preeminent blockchain provider in the gaming sector.
By merging innovative gaming services with DeFi capabilities, MCH and PLANZ generate new income streams while improving user participation. The multiple financial opportunities and gaming options blockchain infrastructure provides allow gamers and investors to enhance personal earnings while discovering ground-breaking blockchain solutions.
About the Partners Oasys builds an entire blockchain environment for gaming, which maintains a fee-free structure and operates with limitless scalability. As the inventor of My Crypto Heroes, MCH has accumulated critical skills in making decentralized gaming solutions. PLANZ demonstrated exceptional Web3 development skills, including solutions for DeFi applications, Layer 2 blockchains, and GameFi projects.
Conclusion The multiple partnerships will transform $BtcUSD by connecting decentralized finance protocols to gaming infrastructure in one cohesive framework. Bifrost and its collaborative network push blockchain technology toward limitless potential so blockchain innovations can deliver their promise of user empowerment.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Bifrost Network, a Substrate framework-built L1 blockchain for cross-chain communication, has collaborated with Nansen, a prominent on-chain analytics firm. As a part of this collaboration, Nansen will operate as a node validator for the Bifrost Network. With this integration, Bifrost Network intends to increase the reliability and transparency of its ecosystem.
📢 We’re thrilled to welcome @nansen_ai — one of the most renowned on-chain analytics and research platforms — as a validator for Bifrost! 🙌
As the industry's leading blockchain analytics and research entity, Nansen's participation marks a major milestone in our journey toward… pic.twitter.com/SWBSjfZDrl
— BIFROST (@Bifrost_Network) February 28, 2025 The strategic partnership indicates Bifrost Network’s endeavors to facilitate users with the latest technological advancements. As a result of this integration, the platform is focusing on increasing its user base to a significant extent.
Bifrost Network Advancing Reliability and Transparency Nansen’s integration into Bifrost Network as its node validator pays a considerable attention to enhancing trustworthiness, reliability, and transparency. Nansen has gained a significant attention for its latest tools for blockchain analytics. It offers comprehensive insights into the wider on-chain data. Hence, it is popular as a reliable entity within the Web3 world. By taking part in the validation process of Bifrost Network, Nansen will boost the operational integrity, decentralization, and security of the platform.
The multi-chain L1 ecosystem of Bifrost Network backs both non-EVM and EVM environments. It delivers an optimized infrastructure to facilitate dApps. The unique architecture of Bifrost Network enables an unparalleled interoperability while also improving blockchain efficiency. A core feature of the platform deals with BTCFi which is a financial service to delivers Bitcoin liquidity, in a decentralized setting. Thus, the consumers can borrow the stablecoin $BtcUSD which possesses collateral in the form of $BTC.
Offering BTCFi with $BtcUSD to Benefit Developers and Investors $BtcUSD lets users generate more yield while keeping their $BTC holdings. BTCFi will reportedly redefine Bitcoin-based decentralized finance services. It will create exclusive opportunities to benefit developers and investors alike. Moreover, Bifrost Network also leverages Bitcoin Relaying Protocol and Cross-Chain Communication Protocol to guarantee completely verified and trustless transfers.
Along with becoming the official node validator for Bifrost Network, Nansen is also providing additional benefits. Particularly, it will provide efficiency concerning the blockchain research as well as the advanced analytics. These functionalities will reportedly contribute substantially to the innovation and ecosystem growth of the Bifrost Network. According to Bifrost Network, this collaboration underscores a huge leap toward establishing a relatively robust and transparent DeFi ecosystem.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
XRP may be preparing for another historic price breakout, according to analyst EGRAG, who believes the token is moments away from igniting a 600% rally.
XRP’s initial uptrend momentum has momentarily stalled over the past few days, as the coin continues to consolidate above $3. Today, the price has even dipped by over 5%, trading at $3.15 at press time.
Meanwhile, savvy market watchers like EGRAG are spotting cues for the next historic price movement. According to him, the trigger would be a strong close above what he calls the “Bifrost Bridge,” a resistance zone that has capped XRP for over 240 days.
The Bifrost Bridge: XRP’s Final Barrier Before Liftoff In a chart shared with followers, EGRAG highlighted a long-term trend channel dubbed the Bifrost Bridge. Notably, this marks a zone of historical resistance that XRP has tested for more than 242 days.
According to his analysis, XRP has been stalling beneath this level, but a decisive close above it could initiate a parabolic move toward $27. EGRAG notes that once this barrier is cleared, XRP could gain over 600% in what he calls a mega pump.
EGRAG’s XRP chart with The Bifrost Bridge Amid the long wait for the widely teased lofty prices, EGRAG urges the XRP community to “hold steady and strong,” promising that “Soon We Shall Fly So High.”
$4–$15 Still in Play: Other Analysts Agree EGRAG’s explosive target is not without support. Earlier this week, analyst Zach Rector forecast that XRP could hit $4 to $5 “any day now,” calling for a breakout in the short term.
His chart highlighted a consolidation structure around $3.19, with a breakout window stretching from August 23 to September 7. Beyond the $5 zone, Rector places XRP’s mid-to-long-term upside between $7 and $15.
Fibonacci Targets Add Technical Backbone Meanwhile, Tony Edward of the Thinking Crypto Podcast shared a separate weekly chart showing Fibonacci extension levels that point to $4.50, $6, $8, and $9 as potential price targets for the coin this season.
These Fibonacci targets present a technical structure that aligns with the $15 projections shared by other analysts and may act as steppingstones on the way to EGRAG’s $27 moonshot.
Historical Surge Patterns Back $20–$30 Possibility In previous analyses, EGRAG has also referenced XRP’s historic rallies to justify his bold upside projections. He recently pointed to a 2,600% surge in 2017 to support a $33 price target for this cycle, and a 500% surge in 2021 to argue for $7.
Averaging these, EGRAG outlined a $20 target for the current cycle, which aligns with the ongoing 600% projection.
With $3.66 as the next resistance and the Bifrost Bridge holding the key to a massive pump, XRP’s next few weekly candles may prove historic. If bulls can break and close above this zone, a swift run toward $7–$15 and potentially $27 may follow, according to these analysts.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Oasys Blockchain has announced a strategic collaboration with Bifrost Network.
Oasys Blockchain is an open-source blockchain with a specialty in gaming. It aims to provide a quality blockchain gaming experience to users. On the other hand, Bifrost Network is a cross-chain Layer-1 platform that supports both EVM and non-EVM networks, designed to provide an enhanced infrastructure for decentralized applications.
Oasys Launches on Bifrost’s BTCFi This partnership has enabled Oasys Blockchain to launch its gaming DEX platform on the BTCFi Boost, a Bitcoin DeFi service powered by Bifrost Network’s cross-chain technology.
This launch is not just another technological upgrade; it is a significant development that commits to unleashing advanced applications and interoperability of Oasys’ gaming network in the wider DeFi ecosystem.
The integration of Oasys’ gaming DEX within the BTCFi Boost network is a breakthrough for multiple reasons. In the past, the utility of Web3 gaming assets on the Bitcoin blockchain was lacking because of Bitcoin’s natural design, which gives more priority to decentralization and security than smart contract utility.
With its powerful cross-chain Layer-1 infrastructure, Bifrost Network addresses this problem by introducing a smart contract abstraction on top of Bitcoin, enabling more sophisticated utilities, including DeFi products operating on the network.
By introducing Oasys on BTCFi Boost, DeFi users can gain access to gaming products, including BTCUSD and OAS Savings on Oasys’ Gaming DEX linked to the security of the Bitcoin network.
This development substantially improves the capabilities of the Oasys Blockchain, which seeks to bring a virtual gaming product suite directly to DeFi users and Bitcoin holders.
This integration gives DeFi users the ability to borrow, lend, stake, and even utilize Oasys’ gaming tokens that are supported by Bitcoin’s security. The incorporation has enabled Oasys’ vision to become a reality, laying the foundation for an advanced and interoperable gaming network built on Bitcoin, the world’s biggest crypto asset.
The Meaning of This Alliance To recognize the impact of this gaming DEX incorporation, it is crucial to understand the benefit that Bifrost’s BTCFi Boost offers.
BTCFi Boost, which is powered by Bifrost Network’s multi-chain infrastructure, is a powerful Bitcoin asset management service that connects Bitcoin with cross-chain networks. This decentralized application enables users to invest in and trade DeFi assets without selling their BTC holdings.
With BTCFI, people leveraging the DeFi landscape can now stake Bitcoin to mint Oasys’ BTCUSD and OAS Savings while enjoying up to 40% APY and maintaining exposure to BTC’s value.
These offerings show how Bifrost’s BTCFi revolutionizes Bitcoin’s application. The ability of BTCFi to utilize Bitcoin’s strong security while offering a versatile smart contract environment makes it a suitable network for a gaming DEX like Oasys.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
XRP is nearing a critical moment, and chart analyst EGRAG says the final leg of the rally is still ahead, and it could be epic.
In a recent update, EGRAG shared a long-term 6-month XRP chart, noting that only 4 months and 29 days remain before the current candle closes.
XRP’s Final Leg Is Coming The analyst raised an intriguing question for the XRP community: Has the peak already passed unnoticed, even by seasoned observers like himself, or is the market on the verge of making history by surpassing a significant price barrier?
Notably, XRP has experienced two phases of historic price pumps over the past year. The first began in November 2024, with XRP reaching $3.40 in January, delivering a surge of nearly 600%.
After cooling off, a renewed bullish phase emerged in July, with XRP breaking past levels that many believed marked a new all-time high. In particular, XRP reached $3.66 before pulling back.
Some consider this an all-time high, while others argue the true high won’t be confirmed until XRP surpasses $3.84.
Meanwhile, as the market awaits the next bullish phase, some traders have begun shorting XRP, claiming the bull run is over. However, others maintain that prices in the $10 range remain possible.
Despite the prevailing uncertainty, EGRAG remains confident in a bullish outcome. He stated that he belongs to the camp expecting one final massive price jump before a bear season emerges.
Based on this conviction, he outlined how he believes XRP could perform in the upcoming phase.
XRP to $4.89 or $48.90? In his analysis, EGRAG identified two potential price targets for XRP, depending on the type of scale used. On a non-logarithmic scale, the target is $4.89. However, on a logarithmic scale, the target is a much higher $48.90.
With XRP currently trading around $3, reaching $4.89 would require a gain of only 63%. Meanwhile, the higher target would demand a far more challenging 1,530% surge.
Rather than favoring one scale over the other, EGRAG proposed averaging both targets, arriving at a middle-ground projection of $27. Notably, this would represent an 800% gain from today’s price.
EGRAG’s XRP 6-month chart Supporting Analysis This price target was also featured in a previous analysis by EGRAG, where he explained what could trigger the surge. According to him, the key catalyst is a strong close above the “Bifrost Bridge,” a resistance zone XRP has tested for over 240 days.
Breaking above this level could propel XRP toward $27. Other analysts also expect near-term targets between $4 and $15, supported by technical indicators like Fibonacci extensions.
Historical surges in 2017 and 2021 lend further credibility to EGRAG’s bold forecast, suggesting that the $20–$30 range could be within reach if XRP breaks through critical resistance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Polkadot rose as much as 4% as crypto markets rallied.Sustained buying pressure suggested institutional buying.Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model.
The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators.
As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL), according to a post on X.
The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%.
In recent trading, Polkadot was 2.1% higher over 24 hours, trading around $3.66.
Technical Analysis:
Institutional order flow patterns established strong support levels reflecting corporate investment committee decisions, according to the model. Corporate treasury allocation discussions potentially contributed to resistance formation near key technical levels.Trading volume exceeded institutional thresholds during standard corporate decision-making hours.After-hours volume spikes aligned with typical corporate announcement timing patterns.Reduced volatility periods suggest institutional accumulation phases ahead of potential enterprise adoption news.Price action demonstrated institutional-grade stability with sustained corporate interest indicators.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Bifrost Network, a cross-chain L1 blockchain, today announced a strategic collaboration with Japan-based SBI Digital Finance, a subsidiary of SBI Holdings. According to data shared by Bifrost on the X platform today, these two companies want to expedite the adoption of Bitcoin cryptocurrency in Japan through cross-institutional partnerships, study explorations, and technological breakthroughs. The alliance seeks to leverage Japan’s legislative environment and rising interest in virtual currencies by fulfilling business demand.
Beyond the impossible. Bifrost made it happen.
Introducing the partnership with SBI Digital Finance (SBI Holdings subsidiary) – we're creating a new institutional Bitcoin finance framework.
This is just the beginning. What if BTCFi becomes the new normal?
On Bifrost. #BFC pic.twitter.com/VsPmKgHKVZ
— BIFROST (@Bifrost_Network) August 13, 2025 Bifrost and SBI Expanding BTC Real-World Utilities Based on this partnership, Bifrost and SBI Digital Finance will embark on studying possible utilities for btcUSD and broaden Bitcoin-integrated financial services. The two partners will examine how BTC is impacting the future of financial networks. As per the data, they will explore the incorporation of Bitcoin into Japan’s famous traditional financial bank, SBI. They also explore the advancement of real-world applications for different financial needs with the utilization of the digital asset.
BTC’s surging adoption in Japan has influenced traditional financial firms to examine its incorporation into their networks. Multiple financial entities are seeking collaborations with crypto-focused companies to provide BTC-based offerings to their clients. This crossover enables individual and business clientele to access BTC services more efficiently, laying the foundation for broader acceptance.
Building Regulatory Structure around BTC The two organizations also disclosed a co-shared commitment to develop a Bitcoin management framework that adheres to Japan’s laws and lays the foundation for new compliant use cases of Bitcoin. This alliance between Bifrost and SBI Digital Finance is a ground-breaking advancement that aims to eradicate regulatory hindrances that in the past discouraged institutional participation in the virtual asset world. The two entities want to establish a consistent legislative structure for institutional clients, creating transparency and confidence. The legal innovation is another milestone in the continued maturation of crypto tokens. By resolving past obstacles and promoting growth, the two partners prepare the ground for long-term institutional adoption.
This collaboration coincides with wider trends in crypto acceptability – a major opportunity in emerging markets like Japan. Metaplanet’s determined BTC acquisitions showcase a broader narrative where Japan-based organizations increasingly want to allocate part of their funds to BTC. This commitment aligns with rising organizational enthusiasm in BTC in the country, where economic turbulence and legislative clarity are encouraging institutional interest in the flagship virtual currency as an inflation safeguard and a diversified financial instrument within traditional investment baskets.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Bifrost has announced its strategic alliance with Meria to begin a new era of crypto staking in France. Meria has extensive experience in the digital asset industry, holding official registration with the French Professional Securities Authority (PSAN). So, the platform holds a trusted name in the French market and now aims to open the gate to staking opportunities in the region.
We're excited to introduce a new DOT VBL actor: @Meria_Finance.
Meria is a French platform specializing in cryptocurrency investment. With several years of experience, it is registered with the French PSAN (Professional Securities Exchange Commission). pic.twitter.com/r4WIqaKGBD
— Bifrost – Omnichain LST (@Bifrost) August 16, 2025 Through this partnership, Bifrost aims to solidify its position in Europe, combining efforts with the country’s most prominent player. The platform further strives to bring innovative staking solutions to a wide range of audiences. Bifrost, a multichain protocol for liquid staking, has announced the news through its official X account. The other ally, Meria, is a leading French platform for cryptocurrency investments.
Bifrost to Make a Stronger Bond with the French Crypto Market This year, Meria is set to launch its most anticipated on-chain decentralized application, “The Place to Stake.” The platform’s partnership with Bifrost co-exists with this strategic and exciting moment. This collaboration will provide French users direct access to Bifrost’s Liquid Staking Tokens (LSTs).
The investors will gain new opportunities from this initiative, which will offer a flexible and decentralized staking solution. Meria integrates into Bifrost’s cutting-edge liquid staking technology to empower users with high liquidity, flexibility, and efficiency. Through this, they can manage their staking assets with great flexibility.
Bifrost Expands Staking to Highlight RSP Bifrost’s RSP (Reward Sharing Protocol) is the main focus of this alliance, playing a central role in the staking ecosystem. Bifrost and Meria leverage RSP to introduce an effortless staking experience, blending transparency, scalability, and innovation.
Bifrost and Meria’s partnership improves staking accessibility from French investors while setting the stage for Bifrost, encouraging it to join forces with trusted locals in order to expand its global reach.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Bifrost Network became a member of the Blockchain Collaborative Consortium (BCCC), which is another step in the aggressive development of the cross-chain platform throughout the Japanese market. Bifrost is positioned alongside some of Japan’s most established technology firms. It demonstrates the country’s commitment to becoming a global leader in blockchain innovation and Bitcoin finance infrastructure.
BCCC – The Japanese Pioneer of Blockchain The Blockchain Collaborative Consortium is the first and the most powerful organization in the blockchain industry in Japan. In 2016, it was created with 34 founding members, including Microsoft Japan, ConsenSys, GMO Internet, and Bitbank. It was launched in 2016 by 34 founding members, including Microsoft Japan, ConsenSys, GMO Internet, and Bitbank. From its inception, BCCC has expanded rapidly into one of Japan’s largest blockchain organizations. It has more than 200 members, and some financial institutions such as Mitsui Sumitomo Insurance, technology innovators, or Web3 startups are among them.
The consortium fosters education in blockchain technology and encourages research and development projects. It also encourages funding in blockchain projects and develops collaborations with international blockchain organizations. The organization has successfully recruited students from its Blockchain Daigakko (Blockchain University). This program does not only fill the current shortage of blockchain developers in Japan but also creates a solid talent pipeline to work there.
Strategic Role of Bifrost in the Fintech Japanese Landscape Bifrost Network’s entry into BCCC is also a major effort to become a preferred choice to provide infrastructure in Bitcoin finance in Japan. The cross-chain Layer-1 blockchain is the focus of generating fragmented liquidity between different blockchain systems. It gives the opportunity to deploy decentralized applications without having any issues with various blockchain ecosystems.
This BCCC membership follows several strategic changes by Bifrost in the Japanese market. Earlier this year, the company joined the Fintech Association of Japan, bringing together Fintech powerhouses such as PayPal, SBI Holdings, Sumitomo Mitsui, and Mizuho Financial Group. Additionally, Bifrost has collaborated with Japan Open Chain, a fully Ethereum-compatible public blockchain that operates by Japanese enterprises. Specifically, it announced a groundbreaking collaboration with SBI Digital Finance to expedite institutional Bitcoin adoption across Japan.
Implications for Bitcoin Finance in Japan The timing for Bifrost’s membership in the BCCC could not be more optimal. The cryptocurrency acceptance in Japan is on a downward spiral, and Tokyo is considering the redefinition of Bitcoin as a digital payment, but rather as an investment. The advantages of this shift in regulation are immense to the companies such as Bifrost that provide Bitcoin staking services and implementation of Bitcoin backed stablecoins such as BtcUSD.
The Japan Cryptocurrency Exchange association stated that as of April 2024, cryptocurrency accounts in Japan had more than 10 million subscribers, indicating that retailers are interested in digital assets. The interest in Bitcoin finance solutions by institutional players is increasing, which is a promising area in the cross-chain technology and Bitcoin infrastructure services provided by Bifrost.
Members of the consortium include financial institutions who desire to utilize blockchain solutions and technology firms to create innovative applications. It also includes policy leaders who can help provide fertile environments for future regulations. Bifrost can engage in collaborative efforts and share technical expertise. In addition, Bifrost can participate in efforts to generate industry standards to further facilitate the increased adoption of blockchain technology throughout Japan’s corporate ecosystem
Conclusion Bifrost Network is a member of the Blockchain Collaborative Consortium in Japan, a strategic alliance in the Japanese Fintech sector. Bifrost is attempting to adapt to the mission of BCCC to promote blockchain technology education and collaboration, demonstrating its desire to establish a secure Bitcoin finance system. With Japan becoming a hub of blockchain, the interest of Bifrost is in the first line, and by 2025, it is possible to believe that it may become important to finance Bitcoin in Japan.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
XRP has broken below a descending triangle structure, but market analysis shows why the token’s bullish upside target remains in play.
According to a recent market exposition from EGRAG Crypto, a renowned chartist, the Bifrost Bridge, a long-standing ascending channel that has guided XRP’s price action since 2014, remains relevant. With XRP still within this channel, he believes the $9 to $13 target remains in play.
Key Points XRP underwent 14 months of accumulation, after which it broke below a descending triangle, as the market expected. EGRAG argues that the triangle breakdown was an effort to sweep downside liquidity, not a trend failure. XRP remains within the Bifrost Bridge, a multi-year ascending channel that has guided its price action since 2014. As long as the Bifrost Bridge remains relevant, XRP’s upward targets of $9 to $13 remain in play. XRP Descending Triangle Breakdown EGRAG’s recent bullish commentary comes despite XRP’s current price struggles. For context, since hitting $3.6, the altcoin has continued to face turbulence alongside the rest of the crypto market. This has resulted in six consecutive monthly declines, with XRP initially eyeing a seventh loss at the start of this month.
Data from EGRAG’s chart shows that the downtrend led to a breakdown below an existing descending triangle. Notably, after XRP hit $3.4 in January 2025, its price action entered an accumulation phase that, according to EGRAG, lasted for 14 months.
During the accumulation, XRP formed a descending triangle structure as it dropped from the $3.6 all-time high in July 2025. The market analyst noted that descending triangles statistically have a 60% to 70% chance of breaking down.
XRP 1M Chart | EGRAG Crypto This bearish expectation played out when XRP closed the February 2026 monthly candle below $1.6, the level that aligns with the triangle’s lower trendline. Since then, XRP has continued to trade below the descending triangle.
Bifrost Bridge Still Relevant However, while the market currently witnesses bearish conditions, EGRAG pointed out that XRP still trades within the ascending channel structure he calls the Bifrost Bridge. Data from his chart shows that this channel has guided XRP’s price movements since 2014.
According to him, the Bifrost Bridge will continue to act as his guide, and the structure maintains a bullish outlook. EGRAG suggested that as long as XRP remains within the Bridge, its overall bullish trend remains intact, and the upward move that started in November 2024 has not ended.
The analyst insists that triangles typically highlight short-term moves, but channels are what define the overall cycle. He noted that the longer the accumulation, the more explosive the ensuing expansion will be.
XRP witnessed a whopping 14 months of accumulation, and EGRAG believes this compression only acts as fuel for the imminent upward push. With this, EGRAG expects the rally to eventually result in a $9 to $13 target, which he has maintained for some time. From the current price of $1.41, XRP would need to rise 538% to 822% to reach the target range.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bifrost has begun repaying a 1,000,000 DOT liquidity loan received from the Polkadot treasury after the program generated more than 53,000 DOT in yield over the past year.
According to a newly submitted proposal, the treasury-backed liquidity deployment generated returns of 53,185 DOT between May 2025 and May 2026, yielding a blended annual percentage rate of roughly 5.3%.
Bifrost said it is now unwinding the liquidity position by withdrawing from the DOT-vDOT liquidity pool, unstaking vDOT, and preparing to return the interest generated to the Polkadot treasury.
Treasury loan supported vDOT liquidity expansion The proposal showed the original 1,000,000 DOT loan was split across staking and liquidity operations.
According to the breakdown, roughly 672,469 DOT were converted into vDOT, Bifrost’s liquid staking derivative, while about 327,455 DOT were deployed to liquidity provisioning.
The staking portion generated yield directly, while the liquidity allocation helped deepen trading liquidity for vDOT across the Polkadot ecosystem.
Bifrost said the treasury-backed deployment helped:
improve vDOT liquidity, expand staking utility across DeFi, and support broader adoption of liquid staking infrastructure within Polkadot. Proposal highlights growing focus on productive treasury deployment The repayment proposal also reflects a broader shift in how crypto ecosystems are approaching treasury management.
The Bifrost proposal framed the loan as an example of “productive, transparent, and accountable” treasury-backed capital deployment.
The proposal currently shows unanimous support from participating voters.
Final Summary Bifrost said a 1,000,000 DOT treasury liquidity loan generated more than 53,000 DOT in yield over 12 months. The proposal reflects growing interest in using DAO treasury capital to support DeFi infrastructure while generating returns for ecosystem treasuries.
Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.
Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)
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A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.
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A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.
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Ripple's stablecoin RLUSD approved to enter Japanese market
According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.
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WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows
According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.
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Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
[PRESS RELEASE – Singapore, Singapore, January 10th, 2025]
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.
With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
Metrics posted today on the X platform showed a list of top blockchains by TVL growth in September 2025. The data reported by market analyst Crypto Patel indicated which chains are obtaining more clients, more financial applications, and more transactional activity from investors.
TVL growth is an essential indicator, showing which chains are receiving more funds and trust. It is a bullish indicator proving that DeFi is still active and growing. For investors, this growth points out where opportunities are originating from and which chains are pulling traction. It is also a signal of which tokens are performing well in the broader cryptocurrency market because TVL growth is typically connected with a price upturn.
Top chains by TVL Linea (LINEA) According to the data, Linea is gaining momentum, displaying its impressive market performance. Over the past month, Linea’s TVL rose by 153%, pushing it to number 12 among blockchains. Its TVL currently stands at $3.5 billion, which is up 14x since May. The increase in TVL in Linea’s network is an indicator that more customers are using decentralized applications on the project and offering liquidity. LINEA, a new token launched on public markets on September 10th, 2025, attracted user interest as multiple long-term investors took the opportunity to purchase the asset at low prices. Its listing on major exchanges, including Binance and many others, contributed to easier buying and selling of LINEA tokens, which attracted huge demand and money pouring into the network.
Goatseus Maximus (GOAT) GOAT, an uprising meme coin, also shines among chains with top TVL growth. In September, its TVL grew by 125%, indicating increased excitement and bullish momentum in the network. During the month, GOAT reignited customer interest, making it among the top-performing meme coins. Its price trajectory during the period reflects its recent performance. Its value, which currently hovers at $0.08681, has been up 7.1% and 9.4% over the past week and month, respectively.
Starknet (STRK) Starknet, a Layer-2 scaling solution built on Ethereum, also recorded remarkable growth in September as per the data. The network’s TVL increased by 56.8% over the month, reaching $256 million, mainly driven by increased trading activity and the recent integration of Starknet Bitcoin staking solution in DeFi. Over the last month, Starknet’s daily transaction volume rose to 900,000 transactions from 150,000 transactions noted in August. The catalyst for this ground-breaking record was increased engagement among new and existing customers.
Besides Anchorage Digital, a US crypto bank, launching a staking product for Starknet’s native token, STRK, early last month, Starknet enabled an integration of its Bitcoin staking in DeFi. The two factors fuelled heightened enthusiasm in the network.
Movement (MOVE) Fourth in the list is Movement Network, a Layer-2 solution on Ethereum. In the past 30 days, the TVL of the Movement network rose by 53.6%, reaching $334 million, boosted by network development to spur efficiency and serve greater user interest. In mid-last month, the Movement project upgraded its network into a Layer-1 blockchain to support native staking and advance network performance.
Other Top Chains with Excellent TVL Performance Other top market performers, as highlighted in the list, include World Chain, Arbitrum, Vaulta, and Bifrost.
The World Chain’s TVL surged by 37.7% over the past month, driven by strong fundamentals behind its network. It was followed by Arbitrum, a Layer-2 network, whose TVL increased by 31.4%, making the cumulative value currently stand at $7.2 billion. Vaulta, a Web3 banking ecosystem that rebranded from the EOS Network, is also seeing bullishness, signalled by its 28.5% monthly TLV growth. Last on the list is Bifrost, a liquid staking protocol based on Polkadot, is also grabbing market attention, as illustrated in the data.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
