Markets limped into the evening after a day of violent repricing that took Bitcoin (BTC) to its lowest since July and knocked Ethereum (ETH) and XRP (XRP) roughly 5 percent. Liquidations piled up as risk came off, even while narrative currents continued to shift toward Ethereum’s growing role as financial infrastructure. Some desks are already eyeing a path back to 5,000 for ETH as new contract activity climbs, but for now the tone is cautious. XRP spent the day pressing key support near 2.80 to 2.88, failing to reclaim 3.00 despite upbeat projections calling for a potential September breakout toward 5 to 13 if momentum returns. Amid the chop, institutional flows kept building in corners of the market that have a story to tell. DeFi Development Corp (DFDV) added 77 million dollars of Solana (SOL), lifting its stash to more than 1.83 million SOL now valued around 371 million dollars. That buy cements the firm as one of the chain’s larger institutional holders and underscores the steady...
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