The post XRP ‘Healthy Correction,’ Ether Supply Decline: Hodler’s Digest appeared on BitcoinEthereumNews.com.

Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years.  In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws. The federal court “confirmed the initial finding that Finder Earn was not a financial product,” Finder said in a Thursday blog post. BitMine gobbles over $2B in ETH in 16 days amid treasury arms race Bitcoin mining firm BitMine Immersion Technologies has bought up over $2 billion of Ether in just 16 days, retaking the lead among a flurry of newly formed Ether treasury companies.  BitMine said in a statement on Thursday that in the last 16 days, it had bought up 566,776 Ether, worth over $2.03 billion. Tom Lee, the managing partner of FundStrat and the chairman of BitMine, said after the latest buying spree, the company is “well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.” BitMine’s aggressive buying spree signals a growing interest from institutions in Ethereum. XRP price drops 19% but analysts say it’s a ‘healthy correction’ XRP price dropped 12.5% on Thursday, declining in tandem with the broader crypto market, which slipped 3% over the 24 hour period to $3.79 trillion.  Despite this correction, analysts are terming this a “healthy pullback,” with double-digit XRP price targets still in play. XRP’s price dropped as much as 19% to an intra-day low of $2.95 on Thursday from its multiyear high of $3.66, data from Cointelegraph Markets Pro and TradingView shows. Cascading liquidations and…

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Filed under: News - @ July 27, 2025 2:26 am