Elon Musk's contentious Department of Government Efficiency (DOGE), created by an executive order from President Trump, says it has slashed billions of dollars in spending. However, to date the agency has not created a way for the public to easily view everything that has been gutted.

A new update might help XRP's network and price action in the long term.

Data shared by the Ripple Stablecoin Tracker account on the X social media network (@RL_Tracker) has shared that over the past 12 hours, San Francisco-based blockchain behemoth has minted almost 10,000,000 Ripple USD stablecoins (RLUSD).

DTX Exchange has gained ground quickly to become the most talked-about altcoin in the market. Its explosive presale momentum has outpaced DOGE and SHIB weekly performances as these meme tokens face market shakeups.

The price of Solana (SOL) has taken a significant hit over the past week, dropping by 17% and failing to hold the $200 mark. Currently, SOL is facing increased bearish momentum, leaving traders wondering if the cryptocurrency will continue to slide or if it is poised for a potential reversal.

Receipts Depositary Corp. (RDC), a startup founded by former Citigroup executives, plans to launch XRP-backed securities, according to CoinDesk. The move will allow institutions to access XRP through U.S.-regulated market infrastructure.

Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them.

After a price drop of over 25% in recent days, Solana (SOL) is poised for a massive upside rally, having formed a bullish price action pattern on the four-hour timeframe. This bullish outlook has attracted notable investors and traders to the asset, as revealed by the on-chain analytics firm Coinglass.

As XRP experiences sustained short-term losses, whale investment trends indicate confidence in the token as it seeks to reclaim the $3 resistance.

With Solana's performance falling against Bitcoin, key metrics could dictate where the altcoin goes next.

The U.S. Securities and Exchange Commission (SEC) is acknowledging crypto asset management firm Grayscale's bid to create an exchange-traded fund (ETF) for the smart contract platform Solana (SOL).

Ripple is about to give qualified investors a new way to get their hands on XRP without ever logging into a crypto exchange. According to Fox Business journalist Eleanor Terrett, the company plans to launch XRP depository receipts (DRs) through Receipts Depositary Corporation (RDC) and Digital Wealth Partners (DWP).

Digital asset whales have picked up huge Dogecoin (DOGE) holdings amid the ongoing price correction. Meme coins like DOGE, Shiba Inu (SHIB), and Dogwifhat (WIF) recorded outflows in the last seven days, but mid-week numbers show signs of a reversal.

The move builds on its successful bitcoin futures trading and is set to strengthen Brazil's cryptocurrency market.

Dogecoin has held firm at the $0.25 mark over the last two days, even as the broader crypto market reels from intense volatility. This stability comes amid heavy scrutiny and a dramatic 40% drop since the launch of what some now call Trump's “official token.

With XRP's (XRP -2.70%) price rising by 256% in the last three years alone, it's a bit surprising that there's still a trickle of substantive new reasons to buy it.

OG memecoin Dogecoin (DOGE) was one of the crypto assets that crashed hard during the recent market pullback, hitting a low of $0.22 on Feb. 3. However, it appears that Dogecoin whales — investors who hold large amounts of the cryptocurrency — were unfazed as they instead took advantage of the market crash to accumulate the asset in significant volumes.

Solana has faced relentless selling pressure since late January, wiping out over 40% of its value after reaching all-time highs. Price action remains bearish, with SOL struggling to find strong support as the broader market experiences volatility.

XRP trading volume on Coinbase has skyrocketed, increasing by a staggering 9,640% in just 24 hours. According to CoinGlass data, XRP trading volume on the exchange increased to $438 million as traders capitalized on recent price movements.

XRP Ledger (XRPL) is set to introduce a groundbreaking feature that will bring lightweight identity verification to the network.

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With the signs of recovery in the broader digital currency ecosystem, Dogecoin (DOGE) is seeing a gradual surge in its open interest data. Per data from CoinGlass, the Dogecoin open interest is paring off its losses in the past 24 hours.

A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP will soon print new all-time highs if one key condition is met. Pseudonymous analyst DonAlt tells his 646,600 followers on the social media platform X that XRP may soar past $3.

On Feb. 8, 2025, XRP traded at $2.41, boasting a $139 billion valuation, $7 billion in daily trade volume, and an intraday fluctuation between $2.35 and $2.53. XRP The hourly view reveals XRP oscillating between $2.30 and $2.40, crafting a series of ascending troughs that foreshadow a breakout. A hurdle at $2.

XRP, Ripple Labs' native token, is garnering massive attention from crypto enthusiasts and is poised for a significant upside rally following the formation of bullish price action. In addition to this bullish outlook, today, February 8, 2025, a prominent crypto expert posted on X (formerly Twitter) that XRP appears poised for a rebound.

Dogecoin (DOGE) is currently in a consolidation phase, with signs pointing to a potential breakout.

Elon Musk's Department of Government Efficiency, known as DOGE, has made the move on its next target: the Consumer Financial Protection Bureau (CFPB). On Friday, three DOGE operatives—Christopher Young, Nikhil Rajpal, and Gavin Kliger—arrived at the CFPB's Washington, D.C.

Solana price drops 15% in a week, struggling below $203 resistance. Can ETF approval boost recovery, or is a deeper correction ahead? The post Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy? appeared first on Cryptonews.

Dogecoin has suffered a significant downturn, dropping nearly 25% in the past week and reaching a two-month low. The recent price decline has weakened investor confidence, leaving DOGE vulnerable to further corrections.

Although Solana (SOL) and Shiba Inu (SHIB) are still well-liked in the crypto market, a startling change is occurring: smart investors are subtly shifting their money onto a new altcoin with great 2025 potential.

Ripple price remains in a deep bear market as the softness in the crypto industry continued this week. Ripple (XRP) has dropped by 30% from its January high, erasing most of the gains made earlier this year.

John Deaton, XRP holders' lawyer in the legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), has called out Bill Hinman, the agency's former Director of the Division of Corporation Finance. The callout hinges on how he has continued to gaslight the XRP ruling that states that the retail trading of the coin on secondary platforms is not a security.

Solana meme coin POPCAT price has again secured a prominent mark on crypto traders' and investors' radars, pumping 22% amid a major listing. Notably, as the crypto exchange giant Coinbase expanded trade offerings for the token, a bullish market sentiment bubbled in.

Major asset managers are now vying to introduce the first spot XRP exchange-traded funds (ETFs) in the U.S. in the wake of Bitcoin and Ether's approvals in 2024.

XRP Depository Receipts (DRs) will soon launch, allowing accredited investors to access XRP through regulated financial products. Anchorage Digital will custody XRP DRs, ensuring compliance under the U.S. Office of the Comptroller of the Currency (OCC).

Dogecoin has faced increased volatility and selling pressure as February kicks off with uncertainty across global markets. The meme coin struggles to break above the $0.25 mark, reflecting broader concerns amid US trade war fears and macroeconomic instability.

The difference is actually quite smaller between the two now, compared to December, 2024.

In a tweet, on-chain analytics platform Santiment noted that Dogecoin's whale impact has fallen off the cliff with its large holders (or whales) going silent in recent weeks. Dog-themed cryptocurrency Dogecoin (DOGE) has seen a slowdown in whale transactions, which coincides with its market cap shrinking by 49% since its Dec. 7 high.

The cryptocurrency market constantly fails to regain momentum with top tokens losing significant valuation in their respective portfolios. Notably, top tokens have failed to hold their value above their important support levels, indicating rising uncertainty in price action. With the market turning extremely volatile, investors are closely watching their portfolios with constant FOMO & FUD.

XRP has faced a sharp decline, tumbling 26% in just four days and landing at a critical support level of $2.17. The sudden drop has left traders questioning whether this is a temporary correction or the start of a deeper downtrend.

The popular rapper and singer Kanye West will likely do something that not many have expected from him, i.e., a meme coin launch.

XRP has faced increasing selling pressure as bearish market conditions have pushed the altcoin to a monthly low. Investors looking for a recovery may be disappointed, as the altcoin remains vulnerable to further declines.

The cryptocurrency market has recorded a bearish pullback this week. This resulted in top tokens breaking down their immediate support trend levels. With this, the SOL price has failed to reclaim the $200 mark.

The talk about Ripple's (XRP) to be involved in the U.S. digital reserve is getting everyone excited! Pro-XRP lawyer Fred Rispoli made an interesting statement about the inclusion of XRP. He outlined the target for XRP to reach if it needs to qualify for the race of US reserve.

There are enough reasons to assume that institutional interest in the XRP market is growing exponentially. Some research activities of Receipts Depository Corp in the XRP market indicate that the company, which already provides Bitcoin and Ethereum-backed securities, is keen to explore the potential of the third-largest cryptocurrency by market cap as well.

This week, the crypto market recorded several important developments, from US trade policies and token listings to blockchain and regulatory advancements. The highlights display how the global cryptocurrency ecosystem continues to advance.

John Deaton accuses Bill Hinman of favoring Ethereum due to conflicts of interest and ties to Ethereum-related entities during his SEC tenure.