XDC Network Sees Buying Opportunity After Binance US Listing Surge

The XDC Network's token experienced a notable 12% surge following its listing announcement on Binance US, briefly testing the $0.10 resistance level before retracing to $0.098. This pullback presents a potential entry point for investors, as technical indicators highlight strong support between $0.085 and $0.088, reinforced by the 20-day EMA and an ascending trendline. Fundamental catalysts, including cross-chain expansion, continue to fuel bullish sentiment around the asset. With the current market conditions as of August 3, 2025, traders are eyeing this retracement as a strategic buying opportunity amidst broader Optimism for XDC's growth trajectory.

XDC Price Retraces After Binance US Listing Spike, Presenting Buy Opportunity

XDC Network's token surged 12% following its listing announcement on Binance US, briefly testing the $0.10 resistance level before retracing. The pullback to $0.098 represents a potential entry point as technical indicators suggest strong support between $0.085–$0.088, backed by the 20-day EMA and an ascending trendline.

Fundamental catalysts continue to drive bullish sentiment, including cross-chain expansion plans, the launch of a 21Shares ETP on Euronext, and a recent partnership with Archax. Market participants are watching for either a rebound toward $0.115 or a breakdown to $0.080.

BNB Price Retreats to $800 After Testing All-Time High of $858 - Key Levels to Watch

Binance Coin (BNB) has retreated to $800.71, marking a 3.26% decline from its recent all-time high of $858. The pullback follows a surge driven by institutional adoption and record-breaking DEX activity on BNB Smart Chain. Traders are now assessing critical support levels ahead of today's token burn event.

The Relative Strength Index (RSI) at 66.93 suggests a healthy correction after overbought conditions. Market participants are closely watching the $795 support level, which could determine near-term price action. Today's quarterly token burn, expected to remove 1.9 million BNB from circulation, historically provides upward momentum—though some profit-taking appears underway.

Fundamental support remains strong following BNB Smart Chain's milestone achievement: its daily DEX volume recently surpassed Ethereum's by over $1.5 billion. The combination of technical factors and ecosystem growth continues to shape BNB's market trajectory.

Binance Temporarily Halts Transfers for Infrastructure Maintenance

Binance suspended all deposits and withdrawals for 15 minutes on July 31, 2025, citing wallet infrastructure maintenance. The trading platform remained operational during the brief outage, though users attempting transfers risked transaction errors.

The lack of technical transparency surrounding the update raises broader concerns about centralization vulnerabilities in crypto ecosystems. Binance's dominance as a liquidity hub means such interruptions impact millions of users globally.

Market participants increasingly question whether single points of failure contradict crypto's decentralized ethos. Infrastructure reliability remains paramount as institutional adoption grows.

Indonesia Increases Crypto Tax Rates Effective August 1st

Indonesia is raising taxes on cryptocurrency transactions, with new rates taking effect August 1. Domestic exchange trades will now incur a 0.21% levy, up from 0.1%, while offshore platform transactions face a fivefold increase to 1%. The government eliminated value-added tax for buyers, previously ranging between 0.11% and 0.22%.

Mining operations see significant changes, with VAT doubling to 2.2% while a special 0.1% income tax disappears. Starting 2026, miners will fall under standard income tax brackets. The moves target a rapidly growing sector that now engages over 20 million Indonesians—surpassing traditional stock market participation.

Tokocrypto, a Binance-affiliated local exchange, offered measured approval of the reforms. The tax overhaul reflects Jakarta's attempt to balance revenue capture with industry growth, particularly as cryptocurrency trading volume eclipses conventional equity investments.

Cardano's ADA Slips to $0.77 Despite Starstream Upgrade Success

Cardano's ADA token fell 3.58% to $0.77 despite the successful implementation of its Starstream network upgrade. The decline comes amid mixed technical signals, with RSI hovering at a neutral 52.26 while trading volume surged 4.84% to $1.2 billion across exchanges.

Binance spot markets recorded $90.58 million in ADA volume during the sell-off, suggesting both profit-taking and potential accumulation at lower levels. The market's muted response to Cardano's technical milestone highlights the current disconnect between fundamental developments and price action in crypto markets.

While the Starstream upgrade enhances Cardano's long-term competitive positioning, short-term traders appear focused on broader market volatility. The network's improved functionality has yet to translate into price support as ADA extends its weekly decline to 7.12%.

Uniswap (UNI) Pulls Back to $10.17 After Governance-Driven Rally

Uniswap's native token UNI retreated 2.58% to $10.17 today, cooling off after a 15% weekly surge fueled by major governance developments. The pullback comes despite whale accumulation patterns and a landmark $165.5 million ecosystem funding approval that previously propelled prices to $10.75.

Market dynamics reveal institutional confidence clashing with technical indicators. While the Relative Strength Index sits at a neutral 58.69, blockchain data shows substantial withdrawals of 5.41 million UNI from Binance by large holders prior to the funding vote. Such accumulation typically precedes sustained upward movement.

The protocol's governance decision marks a watershed moment for decentralized finance. By allocating nine figures to development, Uniswap's community has effectively bet big on the DEX's ability to maintain dominance in an increasingly competitive automated market Maker landscape.