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Whale Who Bet Against XRP Liquidated, Dogecoin Futures on Coinbase Spike 24%, Bitcoin Mining Difficulty Hits ATH – Crypto News Digest

2025-08-05 23:42:15

Main Idea

A crypto whale's short positions on XRP and other cryptocurrencies resulted in significant losses, while Dogecoin futures surged on Coinbase and Bitcoin mining difficulty reached a new all-time high.

Key Points

1. A whale shorting XRP, BTC, ETH, and SOL faced over $650,000 in losses as XRP surged past the entry price of $2.894.

2. Dogecoin futures open interest on Coinbase spiked 24%, reaching a two-month high, reflecting renewed bullish sentiment.

3. Bitcoin mining difficulty hit a new all-time high of 127.6 trillion, with a 9% increase over 30 days and 7.14% over 90 days.

4. The whale's XRP short position was the worst-performing, with the token moving substantially above the entry price.

5. DOGE futures activity on Coinbase surged to 70,410,000 DOGE, the highest daily open interest since June 10.

Description

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Tags:
Coinbase
📱 Full Version
$XRP
$3.0577
+3.76%
$BTC
$116310.0
+2.01%
$DOGE
$0.21325
+6.41%

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