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GRAM token tumbles after Telegram's App Store ban; XRP holders gain new loan utility; Bitcoin seen as deeply undervalued.

Market News
04 Aug 2026
UToday
View Source
Neutral
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The GRAM token experienced sharp price swings after Apple temporarily removed Telegram from its App Store due to content violations, causing a brief 6% drop before recovery. Meanwhile, XRP holders can now borrow the RLUSD stablecoin using wrapped FXRP tokens as collateral on the Morpho Blue platform, enhancing XRP's DeFi utility. Additionally, Bitcoin is currently deeply undervalued according to CryptoQuant's on-chain data, signaling a potential accumulation phase ahead of a bullish cycle expected around 2027. Institutional interest in Bitcoin remains strong despite Ethereum outflows and a recent hardware wallet hack.

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