XRP (CRYPTO: XRP) surged to $1.27 Monday, breaking decisively out of the June descending triangle as $6.07 million in short positions got liquidated in 24 hours.

Descending Triangle Breaks Out With Volume Exploding 129%

XRP pushed through $1.14, then $1.18, and reclaimed $1.20 on its strongest volume since the early-June washout, forcing traders to reassess expectations for continued weakness.

The move cleared both the 0.382 Fibonacci level at $1.1702 and the 0.5 Fib at $1.2071, with price now testing the 0.618 Fib at $1.2440. 

Buyers have broken the descending trendline, the Parabolic SAR remains bullish at $1.0527, and the 20 EMA at $1.2069 now acts as support.

Derivatives confirm the…

Read more on Benzinga

The Fortress Versus The Glass House

The Volatility Trap

The Future Landscape and Strategic Shifts

Investors will eventually reject the high-risk, high-inflation models like the restaking ones. They will demand yields backed by real-world assets. The 4.5% to 5.5% APY from restaking looks attractive now, but it relies on complex software layers that could fail.

Conclusion

Do not get me wrong, I am not against Defi. I am for Defi but we need to pivot from what we are right now to something more sustainable. Perhaps exploring more meaningful use cases will help churn out real yields.

image credit: Author

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent…

Read more on Benzinga

Most of Sandisk’s run came after the stock bottomed at $27.89 in April 2025 — barely 14 months ago.

Wall Street Is Now In Love With Memory Stocks

Sandisk rose as much as 6% Monday to a record near $2,100, after Western Digital surged 14% to its own all-time high. A wave of Wall Street target increases on Western Digital — JPMorgan to $650 from $530, Wells Fargo to $575, Bank of America to $610 — lit up the entire storage complex.

Sandisk has rallied 28% over the past three sessions, its sharpest three-day run since early January.

The rally rests on a physical shortage.

Most people know Sandisk from memory cards and USB sticks. The same flash technology now fills the storage racks…

Read more on Benzinga

Bitcoin surged back above $66,000 on Monday, with the U.S.-Iran peace deal boosting risk appetite.

Notable Statistics:

Coinglass data shows 123,438 traders were liquidated in the past 24 hours for $613.55 million.       

SoSoValue data shows net inflows of $85.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $4.95 million.

In the past 24 hours, top gainers include Jito, Zcash and Stellar.

Notable Developments

Trader Notes:

Trader KillaXBT highlights $67,400–$67,500 as Bitcoin’s key resistance zone, with a successful breakout potentially opening the path toward $70,300.

He also noted that the upcoming FOMC meeting is unlikely to be a major…

Read more on Benzinga

Benchmark Says Strategy Has Several Buffers Before Bitcoin Sales Become Necessary

Benchmark analyst Mark Palmer called the death spiral narrative a story that skips several steps. 

Strategy’s $1 billion cash reserve must be depleted before any meaningful Bitcoin sales enter the conversation, and the perpetual preferred stock (NASDAQ:STRC) carries no hard maturity date that would trigger accelerated selling.

“The death-spiral story assumes that Strategy is one bad week from selling Bitcoin, and it skips several steps to get there,” Palmer wrote. 

“The company would have to move through a long sequence of failures before its Bitcoin reserve, currently valued at almost $55 billion,…

Read more on Benzinga

CFTC Chairman Mike Selig says cryptocurrency perpetual futures are beginning to move onshore in the U.S., marking what he calls a “watershed moment” for regulated digital asset markets.

“This Is Just The Beginning, Not End“

“We want the industry to survive, to thrive and to build here in the U.S,” he vouched.

Selig sees more exchanges are expected to launch similar products. “This is the beginning and not the end,” he added.

The Chairman outlined the goal is to bring that activity into a regulated U.S. market structure instead of forcing traders offshore.  “They’re going to go use a VPN and access it anyway, and they have none of the protections,” he warned

Digital Commodities Could… Read more on Benzinga