Из жизни альткоинов

Власти США могут попытаться решить задачу уменьшения госдолга при помощи криптовалют, заявил советник Владимира Путина, ответственный секретарь организационного комитета Восточного экономического форума Антон Кобяков.

MARA Holdings just announced that its Bitcoin treasury is nearing $6B after mining 705 Bitcoins in August with an average of 22.7 tokens per day.

This performance is the result of an increase in hashrate to 59.6 EH/s and the company enabling its Texas wind farms.

The official press release also stated that MARA plans to acquire 64% stake in Exaion, one of the world-leading producers of low-carbon energy, in Q4 of 2025.

This comes shortly after the company announced a 17% increase in its Bitcoin mining capabilities in July, according to the end-of-the-month report.

With Bitcoin falling below $111K again, MARA seeks to ramp up its Bitcoin accumulation strategy before the next bull run, which is likely to trigger in Q4, especially as Bitcoin Layer 2 upgrade, Bitcoin Hyper ($HYPER) nears the end of its presale in Q4.

MARA Wants a Larger Spot at the Bitcoin Table

MARA wants a larger slice of the Bitcoin buy, which is why it’s ramping up its mining and buying efforts. A July 23 convertible note offering saw MARA put out $850M-worth of senior notes, with much of the proceeds being reserved for Bitcoin investments.

This shows that the company is preparing a long-term investment strategy, similar to what Michael Saylor’s Strategy is doing. Strategy currently has the largest Bitcoin treasury in the world, with 636,505 $BTC, valued at nearly $70B.

Strategy bought three dips in August and one in September, acquiring 7,714 $BTC for a total investment of almost $900M.

More importantly, Saylor is likely to make another move now that Bitcoin lost its momentum after jumping over $113K briefly yesterday. Another massive investment would create another pump, this time hopefully getting Bitcoin over the psychological threshold of $115K.

Based on Bitcoin’s historical monthly returns, the next pump may not be short-lived. According to CoinGlass data, Bitcoin’s last six years display a green October, with gains of up to 40%.

Then we have Bitcoin Hyper nearing the end of the presale in Q4, according to the whitepaper, which could add an extra boost once the project goes public.

How Bitcoin Hyper Promises to Solve Bitcoin’s Performance Problems

Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to finally solve Bitcoin’s performance issues.

Bitcoin’s performance is currently limited to 7 transactions per second (TPS), which makes the network unfeasible for large institutional investors and payment processors. In terms of performance, Bitcoin ranks 28th in terms of TPS, according to Chainspect data.

Even Ethereum ranks higher with its 16 TPS on the 17th position, while Solana is second with up to 1,000 TPS and a theoretical value of 65,000.

So, it’s only natural that Bitcoin Hyper would target a Solana-level performance boost for Bitcoin, which it plans to achieve with tools like the Canonical Bridge and the Solana Virtual Machine (SVM).

The Canonical Bridge connects Hyper to the Bitcoin network and relies on the Bitcoin Relay Program to confirm transactions in seconds, rather than hours.

The Bridge then mints the users tokens into Hyper’s Layer 2, decongesting the main network and reducing traffic significantly.

The Solana Virtual Machine offers another performance boost by unlocking the ultra-fast and low-latency execution of smart contracts and DeFi apps. This brings the Bitcoin network to Solana-level performance numbers.

With these tools, Hyper offers higher throughput, near-instant finality, and increased scalability, allowing for multiple transactions at once; considerably more than 7.

This makes the Bitcoin network a feasible choice for institutional investors, which will turn Bitcoin mainstream and push $BTC to obscene heights.

The presale has raised over $14.2M so far and it’s growing at an accelerated pace. If you want to invest, you can buy $HYPER at the presale price of $0.012865, which could prove to become a wealth-building decision.

That’s because, based on the project’s roadmap and potential, our price prediction for $HYPER is $0.32 for the end of 2025.

By 2030, $HYPER could reach $1.50 with enough community support, which translates to an ROI of 11,559%.

Important note: These predictions are rather conservative and don’t account for factors like global adoption or subsequent upgrades which build upon the project’s foundation even further. In other words, $HYPER could have an even taller price ceiling.

If you want to get a piece of the Bitcoin Hyper action, visit the presale page now.

What to Expect From Bitcoin?

Given Bitcoin’s past performances over the last six years, the growing institutional interest, and companies like MARA creating a mining empire, we predict a powerful October bull.

There’s no telling how high Bitcoin can get, but October has been Bitcoin’s most profitable month historically, with only two red months in 12 years.

So, keep your eyes on Bitcoin and have Bitcoin Hyper ($HYPER) on your radar. The $14.2M presale is currently the talk of the day and reading about the project explains why.

Don’t take this as financial advice. Do your own research (DYOR) before investing.

Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/mara-bitcoin-holdings-near-6b-bitcoin-hyper-gains/

SOL Strategies is all set to list on Nasdaq and begin trading from September 9 under the ticker $STKE.

It was one of the world’s first Solana treasury companies and now holds the third-largest stash of Solana (435,064 $SOL tokens valued at $88.4M) among corporations.

The company underwent a major overhaul in 2024, when it appointed Leah Wald as CEO.

Wald restructured the firm into a Digital Asset Treasury (DAT) well before DATs became the norm. Following this move, SOL Strategies’ stock soared 900% within a year.

In the official announcement, Wald said that joining Nasdaq puts SOL Strategies in line with the world’s most innovative technology companies and opens the door for more institutional investment with enhanced liquidity and access to deeper capital markets.

Read on as we explore Solana’s growth story and also suggest the best Solana meme coin you can buy right now – Snorter Token ($SNORT) – to benefit from SOL’s upcoming bull run.

Institutions Are Doubling Down on Solana – Ride the Wave with $SNORT

SOL Strategies isn’t the only company betting on Solana. DeFi Development Corp recently bought $39.76M worth of $SOL in a single week and now holds 2M Solana tokens valued at $427M.

The company also raised fresh equity of $125M on August 28 to accelerate Solana acquisitions and expand its treasury.

So, why are these institutional funds focusing on Solana?

The Solana blockchain is a dominant player in the DeFi and Web3 space, with a Total Value Locked (TVL) of $11.46B.

TVL represents the cumulative value of all assets deposited on a blockchain, including lending platforms, DEXs, staking contracts, and liquidity pools.

Solana currently holds the world’s second-largest TVL with a 7.53% share, underscoring strong market trust, liquidity, and adoption.

Despite having a lower TVL share than Ethereum, Solana dominates in dApp revenue. Its 30-day app revenue sits at $215.13M, compared to Ethereum’s $87.45M.

This indicates that more than half of all blockchain participants prefer Solana to engage with dApps – a massive positive for the ecosystem.

Solana has surged by over 110% since the beginning of Q2 and is currently trading around $206.

On the daily timeframe, $SOL is following a bullish trendline (as seen above) while consolidating near the $200 level. A volume-backed breakout from here could push $SOL past $250.

If you, like SOL Strategies, want to tap into Solana’s growth potential, consider investing in the Snorter Token ($SNORT) – the perfect Solana-based altcoin to ride this momentum.

What Is Snorter Token?

$SNORT is easily one of the most anticipated altcoin launches on Solana. That’s because this new cryptocurrency project aims to revive retail participation in meme coin trading.

Right now, deep-pocketed investors with sophisticated tools end up eating all the available liquidity in newly listed meme coins.

This leaves little to no room for everyday traders to position themselves behind those hyper-aggressive initial meme coin pumps – which is generally where life-changing returns are made.

Snorter Token, however, plans to flip the script on these crypto whales through its easy-to-use yet powerful Telegram trading bot.

How will it do so? By letting you place buy/sell limit and stop orders well in advance – before liquidity even kicks in on a token.

Then, as soon as liquidity becomes available, Snorter Token will automatically execute those orders, finally giving you the competitive edge you’ve been looking for.

Snorter Token’s Game-Changing Ease of Use

SnorteR Token is based on Telegram, so all you need to do to place buy/sell orders is send the bot commands (messages, in other words) in the all-too-familiar Telegram chat.

Even better? You can also manage your Snorter Token portfolio and access the copy-trading feature directly from the same chat.

Speaking of copy trading, it’s a particularly handy feature if you’re new to meme coin trading or simply don’t have the time to learn all the ins and outs of the market.

Copy trading lets you mimic the trades of seasoned pros in a completely hands-free manner, allowing you to generate potential profits without lifting a finger. Just be sure to follow only reputable traders with proven track records.

Despite its focus on simplicity, though, Snorter still provides one of the most secure trading experiences on the market.

From rug pulls and honeypots to front-running and even sophisticated sandwich attacks, Snorter’s got safeguards against virtually every on-chain threat that could otherwise hinder your trading.

Buy $SNORT for Massive Gains & Exclusive Perks

One look at the meme coin market’s growth over the past one year – an 80% increase in total market cap – and it’s easy to see why Snorter Token could be the next crypto to explode.

If you want to make the most of this potentially once-in-a-lifetime opportunity, buy $SNORT now while it’s still in presale and available at some of its lowest-ever prices.

1 $SNORT is currently available for just $0.1035, and the project has in total raised over $3.75M from early investors so far.

According to our $SNORT price prediction, the token can surge 800% by the end of 2025 alone – potentially hitting $0.94.

And that’s not all. Buying $SNORT also unlocks an entirely new set of exclusive perks, including:

• Reduced trading fees: just 0.85%, vs. 1.5% charged to non-holders
• No daily sniping limits
• Access to advanced analytics for better trading decisions
• Generous staking rewards, currently yielding 123%

Interested? Visit Snorter Token’s official website for more information.

Disclaimer: None of the above constitutes financial advice. Crypto investments are highly risky, so kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/sol-strategies-nasdaq-listing-solana-outlook-why-you-cant-miss-snort

The US Senate Banking Committee has now released an updated version of the crypto market structure bill. This particular legislative bill, titled the “Responsible Financial Innovation Act 2025,” now includes new provisions centered on developers, bankruptcy, among others, which are vital to the broader crypto industry.

Updated Crypto Market Draft Reveals Protection For Blockchain Developers

US digital asset regulation took a major step forward on Friday as the amended crypto market structure bill advanced out of the House Banking Committee. The bill, which seeks to clearly define the line between digital asset securities and commodities, among other goals, now heads to the Senate for another hearing, though with some modifications.

Most notably, the Responsible Financial Innovation Act now shields blockchain developers from being treated as financial institutions under existing securities laws. Therefore, activities such as providing interfaces or creating wallets are not regulated as securities dealings. However, developers are still accountable under anti-fraud, anti-manipulation, and anti-money laundering laws, and protection does not apply if someone takes custody of users’ funds or exercises central control over a system.

The bill also creates a safe harbor for non-fungible tokens (NFTs), clarifying that unique digital tokens representing art, memberships, tickets, or collectibles are not securities just because they can be resold or may rise in value. Interestingly, secondary sales are safe too, as long as the resale doesn’t raise new capital for the original promoter. But NFTs that are mass-produced, fractionalized, or structured as financial claims remain subject to securities laws. 

Meanwhile, a change to the Bankruptcy section of the act allocates digital commodities and ancillary assets to the same categories as cash and securities in bankruptcy rules. Therefore, when a firm goes bankrupt, customer claims are not limited to cash or traditional securities but now explicitly cover crypto and related digital assets as well.

SEC & CFTC To Set Up Joint Advisory Committee On Digital Assets

In other important news, the updated Responsible Financial Innovation Act 2025 proposes a Joint Advisory Committee on Digital Assets, jointly run by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

Unlike the earlier version of the bill that tilted oversight of crypto markets more heavily toward the SEC, this framework pushes both regulators to work together to study digital assets and provide nonbinding recommendations on rules, oversight, and regulatory harmonization.

The body will include up to 14 non-government members from across the industry, academia, and user base, alongside input from the National Institute of Science and Technology in a non-voting role.  Meanwhile, the total crypto market cap is now valued at $3.76 trillion 

Крупнейший корпоративный держатель биткоинов, компания Strategy, не была включена в индекс S&P 500, несмотря на соответствие большинству критериев, таких как рыночная капитализация, ликвидность и регистрация на бирже Nasdaq.

Европейское подразделение криптобиржи Bullish получило лицензию MiCA от Федерального управления финансового надзора Германии (BaFin). Это позволит платформе предлагать услуги по торговле и хранению криптовалют в соответствии с Регламентом о рынках криптоактивов. Помимо этого, лицензия упростит Bullish доступ к финансовым рынкам 27 стран Евросоюза.

Reports say Webus International made a deal with Air China that could put its Wetour travel service in front of more than 60 million PhoenixMiles loyalty members. The plan may add XRP payments to Wetour’s overseas platform. But it’s not automatic. The change depends on future business steps and getting regulatory approval.

Access For 60 Million Members

Under the deal, Wetour will focus first on premium chauffeur and airport transfer services. PhoenixMiles members could get access to Wetour’s platform, which now shows XRP as a payment option and also accepts Ripple’s RLUSD stablecoin.

Webus has also moved to use more altcoins. In June it filed with the SEC for a $300 million treasury reserve and said it plans to use the XRP Ledger for cross-border payments.

XRP: Real Use & Limits

Fans say the XRPL settles transactions in three to five seconds and fees are under one cent. Those features are why travel companies and loyalty programs might try the tech for vouchers, token rewards, and fast payments.

But XRP payment support doesn’t always mean people will use the token for daily purchases. Attorney Bill Morgan notes the cautious wording, but he thinks it shows real progress. He said, “For me, it shows adoption of XRP.”

Big Number Vs. Actual Use Case

Sixty million is a big headline. It gets attention. But access is not the same as active use. Many loyalty programs have members who rarely travel or never use partner services.

Wetour’s focus on higher-end transport and promo coupons means early use might only be by some members, not all 60 million. That can still matter. Pilot programs usually start small and grow if people use them.

Rules & Business Checks

The announcement says the integration depends on future business steps and regulatory sign-off. That matters now because payments and loyalty schemes touch local rules, cross-border compliance, and payment systems. A wide rollout will need those issues cleared, and it could take time.

This is a notable step for XRP in travel and loyalty programs, but it’s early and conditional. Webus’ earlier moves — the planned $300 million treasury and XRPL plans — make the idea more believable than a one-time press claim.

Featured image from Meta, chart from TradingView

Ethereum exchanges are drying up quickly as ETH exchange ‘flux’ turns negative for the first time ever.

Flux, by the way, calculates the cumulative net flow of ETH across all exchanges.

A positive flux means there are more ETH deposits, which simply shows people are selling more ETH and buying less.

A negative flux balance, however, indicates more outflows of ETH from exchanges than inflows, suggesting aggressive buying among market participants.

Data from CryptoQuant also suggests that the balance of ETH on exchanges has now hit a new rock bottom, indicating strong institutional buying.

• Recently, Yunfeng Financial Group, backed by Chinese tycoon Jack Ma, bought 10,000 ETH worth $44M as part of its reserve strategy.
• Meanwhile, BitMine Immersion Technologies, the largest institutional holder of ETH, added around 153,000 tokens, taking their stash past the $8B mark with 1.86M ETH in holdings. BitMine, in fact, now holds 1.5% of the total ETH supply.

Additionally, three ICO-era whales recently moved $645M worth of Ethereum to a new staking address.

These 150,000 ETH were originally bought for just $0.31, and instead of booking $643M in gains, these whales chose to stake the tokens for steady yields.

This highlights how institutions increasingly view Ethereum as a yield-generating asset rather than just a speculative bet.

Let’s dig into ETH’s technical charts to understand how the next few weeks could pan out. We’ll also suggest the best altcoins to buy now to make the most of this momentum.

Ethereum Technical Analysis: Awaiting a Breakout

After surging 139% since the beginning of May and teasing the $5K level on August 24, Ethereum has now entered a symmetrical triangle pattern, with key support at around $4,000.

A symmetrical triangle typically signals the continuation of a strong bull run. A breakout here could see $ETH quickly reclaim previous highs and march toward $5,500 and beyond.

According to Bitbull, a crypto trader with 67K followers on X, $ETH is holding a rising trendline on the daily timeframe. And as long as it doesn’t break below, $ETH remains a good buy.

More importantly, as $ETH rises, so does the broader altcoin market, which often delivers astronomical returns.

If you’re looking to make the most of Ethereum’s upcoming rally, here are a few cryptocurrencies worth watching right now.

1. Bitcoin Hyper ($HYPER) – Supercharging the Bitcoin Blockchain with Solana-Like Performance

Bitcoin Hyper ($HYPER) is the best crypto to buy now thanks to its game-changing mission to improve Bitcoin’s real-world utility.

$HYPER is building the first true Layer 2 solution for Bitcoin, aimed at turbocharging the network with lightning-fast speeds, ultra-low fees, and full Web3 compatibility.

Why’s this important? Because beyond its appeal as an investment vehicle, Bitcoin doesn’t provide much value to core crypto users: it’s painfully slow, congested, and expensive.

By integrating the Solana Virtual Machine (SVM), $HYPER will let developers build smart contracts and decentralized applications on Bitcoin itself.

Additionally, a decentralized, non-custodial canonical bridge will let you interact with Hyper’s Web3 environment by converting your native Bitcoin into Layer-2-compatible tokens.

You can then use these wrapped $BTC tokens to engage in high-speed DeFi trading, NFTs, lending, staking, and DAOs – all without leaving the Bitcoin blockchain.

Buy $HYPER now while it’s still in presale and available at some of its lowest-ever prices.

At the moment, 1 $HYPER is priced at just $0.012865, and the project has already raised a whopping $14.1M from early investors.

Plus, according to our Bitcoin Hyper price prediction, the token could hit $0.32 by year-end – a staggering 2,400% gain for early buyers.

Visit Bitcoin Hyper’s official website for more information.

2. Maxi Doge ($MAXI) – Hype-Driven Meme Coin Gunning for 1000x Returns

If you think you’ve leaned a little too much on the cautious side and stacked only mainstream, utility-driven altcoins, consider Maxi Doge ($MAXI).

It’s a new meme coin in presale, fronted by a bulked-up, angrier, and potentially more profitable version of Dogecoin.

Maxi is, in fact, Dogecoin’s distant cousin – but the two are anything but close. Dogecoin’s success and ‘cute’ vibe ruined Maxi’s childhood, as his family members were too busy hyping Doge to pay him any attention.

Looking for revenge, Maxi found solace in the gym and in front of the charts.

He built up his muscles and his crypto brain, crafting both a robust personality and a creative plan to overthrow Doge as the best meme coin on the planet.

The plan? Aggressive marketing. Think PR campaigns, influencer collaborations, and social media blitzes.

In fact, the project’s developers have reserved a whopping 40% of the total $MAXI supply for marketing purposes.

And despite not having any ‘revolutionary’ utility, holding $MAXI could still be extremely rewarding. You’ll get access to holder-only events, like weekly trading competitions and leaderboard prizes.

Currently in presale, $MAXI has already pulled in over $1.88M from early investors, with each token priced at just $0.000256.

Check out Maxi Doge’s official website for more information.

3. Tutorial ($TUT) – Viral Altcoin Capable of Riding Crypto’s Renewed Momentum

Tutorial ($TUT) emerged as one of the top trending cryptos in the June–July rally, gaining a whopping 200%.

And now, with another run-up on the cards, the token is again showing signs of a potential explosive move to the upside.

It’s up over 16% in the past week, currently trading around $0.06886 – just one big green candle away from its all-time highs.

Beyond that, there’s really no resistance stopping the token from going absolutely bonkers and potentially becoming the next 1000x crypto.

What’s driving its momentum? Hype and community backing, of course – but $TUT is also one of the few tokens that hits the sweet spot between popularity and utility.

As the name suggests, Tutorial is an education-based crypto offering easy-to-understand lessons on topics like setting up a crypto wallet, writing smart contracts, and trading on decentralized exchanges, helping newbies learn the ropes of crypto and blockchain.

Wrapping Up

Ethereum exchanges are drying up at a record pace, signaling a never-before-seen interest from deep-pocketed players looking to load up as much of the ‘digital silver’ as possible.

This trend, combined with a potential interest rate cut in September, could send $ETH and other altcoins straight to the moon.

If you want to capitalize on this rally, consider loading up on low-cap, high-upside tokens like Bitcoin Hyper ($HYPER), Maxi Doge ($MAXI), and Tutorial ($TUT).

That said, kindly remember that the crypto market is highly volatile and unpredictable. This article is not financial advice. Always do your own research before investing.

Власти Парагвая планируют встречу с лидерами криптоотрасли страны для обсуждения перспектив создания стратегического фонда биткоинов, заявили в Национальном агентстве по цифровым активам (ANAD).

Американская криптобиржа Gemini, основанная братьями-близнецами Кэмероном и Тайлером Уинклвоссами (Cameron, Tyler Winklevoss), запустила в Европе услуги стейкинга и торговлю криптовалютными деривативами.

With the Bitcoin price hitting roadblock after roadblock, the next direction looks to be down, with sell pressure mounting up. There have also been crashes below major support levels, such as $112,000, that continue to hinder the growth of the digital asset. This has turned these former support levels into resistance, and one in particular remains a hindrance to the uptrend. If the resistance at $114,000 continues to hold, then Bitcoin investors may be in for a terrible time.

Bitcoin Price Remains At Risk Of Crash

According to crypto analyst BitBull, the recent rejection of the Bitcoin price from the resistance before $114,000 is a major source of concern. This has cast a shadow over every recovery that the Bitcoin price has staged recently, with the bears still holding a significant amount of power over the price.

In the analysis, BitBull pointed out that the $114,000 level remains the level to beat if there is to be a significant recovery. Specifically, the Bitcoin price would have to reclaim this level on the daily timeframe and hold it before further uptrends can occur.

Another problem that the cryptocurrency is facing is the timeframe issue. The crypto analyst also points out that the Bitcoin price would need to reclaim $114,000 to increase its chances of an uptrend. This is because the longer it takes for the price to cross $114,000 on the daily timeframe, the higher the chances that the price will crash further. Until this happens, though, BitBull says any recovery is just a bull trap and could precede the next wave of declines.

Where BTC Could Be Headed From Here

Another crypto analyst, Mags, has also called out the possibility that the Bitcoin price could see a crash from here. This time around, the level of interest is much lower than the $114,000 that BitBull called out, with Mags explaining that $108,000 is actually the point of interest.

This level has served as major support during the recent crash, making it the level to beat for bears if they want to take the Bitcoin price lower. Inversely, it is now the level for bulls to defend against further onslaught, and the demand at this level needs to hold to continue the rally.

If bulls are successful and they have $108,000, then the crypto analyst sees the Bitcoin price going higher, and possibly toward new all-time highs. However, in the case of a breakdown and bears taking over the support at $108,000, then the Bitcoin price is expected to crash below $100,000.

The combined Exchange Reserve of the stablecoins has recently set a new all-time high (ATH), driven mainly by growth on Binance.

Stablecoin Exchange Reserve Has Witnessed A Rise Recently

In a new post on X, on-chain analytics firm CryptoQuant has talked about the latest trend in the combined Exchange Reserve of the Ethereum and Tron-based stablecoins.

The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of a given asset or group of assets that’s sitting in wallets connected to centralized exchanges.

Generally, one of the main reasons why investors deposit their coins to these platforms is for selling-related purposes, so the supply present on them may be looked at as a measure of the “available sell supply” of the cryptocurrency.

When Bitcoin or another volatile coin observes an increase in this supply, it’s naturally a bearish sign for its price. The same, however, isn’t true in the case of stablecoins, as they are, by definition, stable around the $1 mark.

Instead, inflows of these fiat-tied tokens may actually be a bullish sign for the market. Investors usually park their capital in the form of stables when they temporarily want to avoid volatile markets. Once they have decided it’s time to switch back, they deposit to exchanges and swap into BTC or whatever desired asset. Because of this role of stables, they are sometimes considered as the buy-side liquidity of the sector.

Now, here is a chart that shows how the Exchange Reserve has changed for the different ETH and TRON-based stablecoins over the last few years:

As displayed in the above graph, the stablecoins have seen their Exchange Reserve surge recently, implying there has been demand for depositing these tokens into exchange custody. The latest growth has mainly been driven by the two largest stables, USDC and USDT.

Following these recent net inflows, the indicator has been able to set a new record of around $68 billion. As for how the various platforms compare in their share of this liquidity, the below chart shared by CryptoQuant breaks it down.

From the graph, it’s visible that Binance holds the largest share of the indicator at $44.2 billion (67%). The next largest platform is OKX, having a reserve of just $9 billion.

These two exchanges have been the main platforms behind the recent growth in stablecoin liquidity.

Over the past month, Binance and OKX have seen stablecoin net inflows of $2.2 billion and $800 million, respectively.

Bitcoin Price

Bitcoin has failed another attempt at recovery as its price has slumped back down to the $110,700 mark.

The US Securities and Exchange Commission (SEC) is under fire after a recent report detailed a series of “avoidable” mistakes from the watchdog’s IT department that resulted in the loss of records linked to crypto enforcement actions during Gary Gensler’s tenure.

IT ‘Oopsie’ Wipes Gensler’s Texts

The SEC’s Office of Inspector General (OIG) has shared the final report detailing the findings of its review of the Office of Information Technology’s (IOT) actions that led to the loss of former SEC Chairman Gary Gensler’s text messages between 2022 and 2023.

According to the September 3 report, the OIT implemented a “poorly understood and automated policy” in August 2023 that caused “an enterprise wipe of Gensler’s government-issued mobile device.”

Seemingly, Gensler’s government-issued device was erroneously flagged as inactive and had not been backed up for nearly a year. OIT “hastily performed a factory reset,” which deleted text messages stored on the device and the device’s operating system logs between October 18, 2022, and September 6, 2023.

The incident was worsened after a series of “additional OIT actions, deficiencies, and missed opportunities, including a lack of backups and procedures that failed to consider record retention requirements for Capstone officials (such as Gensler),” the report explained.

The regulatory agency reportedly worked to recover or recreate the deleted text messages but was “unable to collect or determine the entire universe,” including some federal records. The review found that around 38% of the recovered text conversations were mission-related and concerned matters directly involving SEC senior staff and/or Commissioners at the time, making them records.

Among the recovered messages, the SEC retrieved a May 2023 conversation involving Gensler, his staff, and the Director of the Division of Enforcement about when the SEC would file an action against certain crypto asset trading platforms and their founders.

Crypto Leaders Call Out Prior SEC Leadership

On Thursday, crypto industry leaders and participants commented on the previous SEC leadership’s “mistake” and the implications. Nate Geraci, chairman and president of The ETF Store, stated, “Think about everything that happened in crypto during this time. Basically FTX collapse thru Grayscale spot btc ETF lawsuit. Makes you think.”

Many noted that the period of the deleted texts also overlaps with part of “Operation Chokepoint 2.0,” the SEC’s enforcement actions against multiple crypto exchanges, the release of the SEC’s Staff Accounting Bulletin No. 121 (SAB 121), and anti-crypto policies from other regulatory agencies.

In an X threat, Coinbase CLO Paul Grewal criticized the prior leadership for the apparent hypocrisy after “all the lecturing (…) about data preservation. All the haranguing. All the self-righteousness.”

The CLO affirmed that “this isn’t some ‘oops’ moment. This was a destruction of evidence relevant to pending litigation.” The IOG report noted that the loss of the former chairman’s text messages may impact the SEC’s response to certain Freedom of Information Act (FOIA) requests.

It’s worth noting that Coinbase submitted a FOIA request in March asking how much the regulatory agency had spent on crypto-related enforcement actions. As reported by Bitcoinist, the crypto exchange sought the supporting documentation used to create the current and past annual budget and performance reports.

Additionally, it inquired about the number of employees and third-party contractors who worked on these investigations and enforcement actions, and “know more about the previous SEC’s infamous ‘Crypto Assets and Cyber Unit’ within the Enforcement Division.”

“We all deserve better, especially from ‘leaders’ who see fit to smear others and cast aspersions so freely,” Grewal concluded.

Sora Ventures, a Taiwan-based investment firm, has unveiled Asia’s first dedicated Bitcoin (BTC) treasury fund. The firm plans to deploy the fund’s proceeds to purchase BTC over the next six months.

Sora Ventures Launches Massive Bitcoin Treasury Fund

Speaking at Taipei Blockchain Week, Sora Ventures announced its goal of raising up to $1 billion for BTC acquisitions within the next six months. The firm has already secured $200 million in initial commitments from regional partners.

Sora’s new fund follows the trend of individual Bitcoin treasury firms that have gained prominence in Asia over the past year or so, such as Japan’s Metaplanet, Hong Kong’s Moon Inc., Thai firm DV8, and South Korea-based BitPlanet, to name a few.

However, unlike the aforementioned firms – which hold BTC directly on their balance sheets – Sora’s treasury fund will operate as a central pool of institutional capital. Its dual purpose is to support existing Bitcoin treasury firms and foster the development of similar entities worldwide.

The fund seeks to position Bitcoin as a global reserve asset by creating synergies between Asian and international treasury players. To achieve this, Sora’s management team plans to onboard additional institutional partners.

Sora’s strategy underscores the shift in Bitcoin adoption from North America toward Asia. While companies like Strategy  – formerly MicroStrategy – have led BTC adoption in North America, Asia is increasingly becoming a focal point. Jason Fang, founder and Managing Partner at Sora Ventures, commented:

Asia has been one of the most important markets for the development of blockchain technology and Bitcoin. We have seen a rise in interest from institutions investing in Bitcoin treasuries in the US and EU, while in Asia efforts have been relatively fragmented. This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.

Notably, Sora Ventures has previously backed this trend. In 2024, the firm invested in Metaplanet to support its $6.5 million BTC allocation, and earlier this year, it acquired both Moon Inc. and DV8.

Will BTC Rise In The Coming Months?

Sora’s announcement of a near $1 billion Bitcoin purchase has reignited bullish sentiment, with many expecting fresh all-time highs. To recall, BTC’s most recent peak was $124,128 on August 14.

Meanwhile, total BTC holdings of publicly-listed companies recently surpassed 1 million BTC, highlighting growing institutional confidence in the asset as a store of value. With Sora’s initiative, this figure is expected to rise even further.

Adding to the momentum, recent reports suggest that institutional adoption is accelerating so quickly that Bitcoin miners are struggling to meet demand. At press time, BTC trades at $110,852, up 1.3% in the past 24 hours.