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CleanCore Solutions has crossed a significant milestone in its aggressive Dogecoin accumulation plan, revealing it now holds over 500 million DOGE in its treasury. This is contrary to the institutional investments in traditional cryptos like Ethereum and Bitcoin, which have earned massive returns over the past few months.

The initiative, managed by House of Doge and backed by the Dogecoin Foundation, ranks CleanCore as one of the largest corporate holders of the memecoin.

CleanCore Long-term Dogecoin Strategy

The company is targeting 1 billion DOGE within 30 days, with Chief Investment Officer Marco Margiotta describing the move as a “disciplined accumulation strategy.”

He emphasized CleanCore’s vision of establishing Dogecoin as a reserve asset while promoting its role in payments, tokenization, staking-like products, and global remittances.

Long-term, the firm aims to control 5% of Dogecoin’s circulating supply, a goal that would solidify its status in the digital asset treasury landscape. Custody is handled through Bitstamp in partnership with Robinhood, ensuring compliance and security.

Adding further credibility, Elon Musk’s lawyer Alex Spiro recently joined as board chairman, reportedly helping align CleanCore’s treasury strategy with the Dogecoin Foundation’s broader objectives.

DOGE Price Surges on Treasury Buys and ETF Optimism

The announcement comes as Dogecoin’s market performance strengthens. Over the past week, DOGE has surged 22%, with a 3.6% gain in the last 24 hours alone.

This bullish momentum has been fueled not only by CleanCore’s treasury expansion but also by excitement surrounding the proposed REX-Osprey DOJE ETF, the first U.S.-regulated Dogecoin exchange-traded fund.

Breaking above the $0.25 resistance level, Dogecoin now looks set to test the $0.288 zone, with strong liquidity reducing the chance of sharp corrections. Analysts see treasury adoption and institutional financial products as key steps toward turning DOGE from a speculative token into a mainstream asset.

Corporate Competition Heats Up in DOGE Accumulation

CleanCore is not the only firm betting on Dogecoin’s long-term potential. Rival BitOrigin recently disclosed a 40.5 million DOGE purchase as part of its $500 million treasury plan, signaling growing corporate interest in the meme-inspired cryptos.

The Dogecoin Foundation’s efforts, particularly through House of Doge, aim to push the coin beyond its meme status by expanding its utility in payments, tokenization, and real-world applications. With CleanCore halfway to its billion-DOGE target, the competition to secure treasury dominance is intensifying.

For now, CleanCore’s bold strategy places it at the forefront of memecoin adoption, challenging not only Ethereum’s dominance in corporate strategies but also reshaping the way companies view digital assets as reserve holdings.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

Bitcoin is navigating a volatile phase where bulls are struggling to drive the price higher, yet bears have also failed to push BTC below the $110,000 mark. This tight range signals a standoff, but beneath the surface, the market appears to be shifting into a new phase. For the first time in months, Ethereum and several altcoins are showing relative strength against Bitcoin, raising questions about capital rotation and changing market dynamics.

Fresh data from CryptoQuant sheds light on the divergence between short-term traders and larger conviction-driven buyers. According to their report, addresses holding between 100 and 1,000 BTC—often referred to as “sharks”—have added a staggering 65,000 BTC in just seven days. This aggressive accumulation has lifted their total holdings to a record 3.65 million BTC.

What makes this development notable is that it has occurred even as spot prices hovered near $112,000. While retail-driven volatility has kept price action choppy, structural demand from larger buyers remains strong.

The disconnect suggests that long-term players are preparing for the next leg of the cycle, absorbing supply while short-term traders hesitate. In this environment, Bitcoin’s resilience above $110K underscores its strength despite ongoing market turbulence.

Bitcoin Onchain Data Points To Supply Squeeze

According to a report from XWIN Finance shared by CryptoQuant, two core onchain datasets confirm that Bitcoin’s current market behavior is driven by deep structural demand rather than short-term speculation. These indicators—Long-Term Holder (LTH) Net Position Change and Exchange Netflow—highlight a steady absorption of supply, setting the stage for potential upward pressure on price.

The LTH Net Position Change, which tracks 30-day balance shifts among experienced holders, has turned strongly positive. These green spikes suggest that long-term players are actively accumulating Bitcoin rather than distributing it. Historically, such accumulation phases often precede major bull runs, as coins move into “strong hands” less likely to sell during short-term volatility. This transition of supply into longer-term storage reduces available liquidity, tightening conditions for future rallies.

Exchange Netflow data provides another layer of evidence. Net outflows—BTC being withdrawn from exchanges—have dominated in recent weeks. This indicates that investors prefer cold storage over keeping assets liquid for immediate trading. Combined with LTH absorption, this confirms that recent shark buying is not speculative churn but actual supply removal from circulation.

The alignment of shark accumulation, LTH buying, and sustained exchange outflows builds the conditions for a potential supply squeeze. While short-term corrections remain possible if leverage in derivatives overheats, the structural picture favors higher prices as soon as demand accelerates. Beneath the current volatility, the groundwork for Bitcoin’s next major leg higher appears to be quietly forming.

Price Analysis: Quiet Consolidation

Bitcoin is trading at $115,019 after a steady recovery from early September lows near $110,000. The daily chart shows BTC building momentum as it pushes into a key resistance zone. The 50-day SMA at $114,562 has been reclaimed, and the 100-day SMA at $112,323 is now acting as solid support, reinforcing the bullish setup. The 200-day SMA at $102,202 continues to anchor the long-term trend, confirming that Bitcoin remains structurally healthy despite recent volatility.

The next challenge lies at $116,000–$118,000, a resistance area that has capped rallies in recent weeks. A successful breakout and close above this zone could clear the path toward the major barrier at $123,217, which remains the cycle’s key level to watch.

On the downside, immediate support is established near $114,000, followed by stronger backing around $112,000. As long as BTC holds these levels, buyers are likely to maintain control. A breakdown below $112,000, however, could shift momentum back in favor of sellers and potentially bring $110,000 back into focus.

Featured image from Dall-E, chart from TradingView

The US government is preparing to bring sweeping anti-money laundering powers from the PATRIOT Act into the crypto sector, in a move that could reshape the boundaries of privacy, compliance, and innovation. According to reporting by The Rage, the Treasury Department is seeking to apply Section 311 of the USA PATRIOT Act—often described as one of the most far-reaching financial surveillance tools—to cryptocurrency activities such as mixers, DeFi protocols, and certain wallet services.

At the center of the initiative is the Financial Crimes Enforcement Network (FinCEN), which is drafting a rule that would formally classify crypto mixing services as a “primary money laundering concern.” Such a designation would give the US Treasury the authority to effectively cut off these services from the US financial system by prohibiting banks, exchanges, and payment processors from transacting with them.

US Revives War On Crypto Privacy

The Rage report notes that this new rule is expected to mirror and expand on the 2022 “mixer rule” FinCEN floated after the sanctioning of Tornado Cash, but with much broader implications. In practice, Section 311 powers allow Treasury to not only blacklist specific entities, but also to ban entire categories of transactions deemed high risk. As the report states: “FinCEN’s proposal would extend the extraordinary powers of the PATRIOT Act into digital assets, placing mixers, DeFi protocols, and even wallet providers squarely in the government’s crosshairs.”

Francis Pouliot, the founder and CEO of Bull Bitcoin, commented via X: “US BUREAUCRATS ATTACK ON BITCOIN USERS PRIVACY. […] The Orwellian scenario may not come to pass entirely, but it’s a signal: if we let them, they will establish that any use of Bitcoin except tracked custodial wallets is ‘suspicious’”.

Lawmakers are also aligning with the Treasury’s push. A group in the House has reintroduced the “Special Measures to Combat Money Laundering Act,” a bill designed to codify Treasury’s use of Section 311 in the context of cryptocurrencies. By placing statutory weight behind this approach, Congress could significantly expand the executive branch’s latitude to act against privacy-focused crypto tools without requiring case-by-case legislative approval.

The implications extend beyond mixers. Observers warn that if Treasury asserts that certain smart contracts or decentralized protocols facilitate illicit finance, those platforms could be designated under Section 311. This would force US intermediaries to block interactions with them, effectively walling them off from the regulated economy.

One policy expert quoted in the report cautioned: “This is not just about Tornado Cash. Once these powers are formally extended, any DeFi protocol that Treasury views as a conduit for money laundering could be placed on the list. That changes the risk calculus for the entire sector.”

Industry reaction is expected to be fierce. Crypto advocates argue that the indiscriminate use of Section 311 would trample due process and innovation by treating open-source code as criminal infrastructure. Civil liberties groups have already challenged the Treasury’s prior actions against mixers, warning that blanket bans erode the constitutional rights of developers and users alike. Exchanges and custodians could face heightened regulatory risk and costs as they adapt to an expanded surveillance perimeter.

The move comes as the US intensifies its focus on financial flows linked to sanctioned entities, cybercriminals, and foreign adversaries. Treasury has repeatedly cited the use of crypto mixing services by North Korean hacking groups, Russian darknet markets, and ransomware operators. Officials argue that without new powers, law enforcement will struggle to prevent digital assets from undermining the integrity of the global financial system.

Whether the proposed rule survives legal and political challenges remains uncertain. The Tornado Cash sanctions are still the subject of ongoing litigation, and expanding PATRIOT Act measures into the decentralized ecosystem is expected to spark fresh constitutional battles. Still, the trajectory is clear: Washington is signaling that the era of light-touch oversight over crypto privacy tools is ending.

As the report concludes: “The PATRIOT Act has long been the government’s nuclear option in financial surveillance. By turning it toward crypto, the Treasury is making clear that no corner of the digital asset industry is beyond its reach.”

At press time, the total crypto market cap stood at $3.95 trillion.

Many public companies are now turning to a Bitcoin strategy, with many of them undergoing treasury changes. Notably, public companies holding Bitcoin on their balance sheets have seen their aggregate holdings surge past $113 billion in early September. 

This balance shows not only strong institutional conviction in Bitcoin as a reserve asset but also the adoption of crypto‐treasury models among public companies, and here are the major stakeholders.

Major Stakeholders Of Bitcoin Treasury

Data shows that the total value of Bitcoin held by publicly traded companies in their treasury is now well over the $100 billion mark. The value of the total holdings, which is subject to the intensely volatile nature of Bitcoin’s price, is now fluctuating between $111.24 billion and $113 billion, according to data from BiTBO. 

The center of this adoption is full of companies and founders that have made Bitcoin a cornerstone of their treasury strategy. At the top of the list is Strategy, which is holding hundreds of thousands of BTC and is often seen as the pioneer of corporate Bitcoin accumulation. According to data from BiTBO, Strategy is holding 638,460 BTC, which is worth about $73.63 billion. This translates to 64.27% of the BTC held by public companies and 3.04% of the total 21 million BTC created.

Following close behind are mining companies and firms explicitly structured around Bitcoin accumulation. MARA Holdings (Marathon Digital), for example, is the second-largest public company holding Bitcoin, with 52,477 BTC worth $6.05 billion in its coffers. Other names include XXI (Twenty-One Capital) with 37,229 BTC, Bullish with 24,340 BTC, and Riot Platforms with 19,309 BTC.

Interestingly, some non-mining or non-traditional companies have also carved out a strong strategy of Bitcoin treasury. For instance, MetaPlanet, which is currently holding 20,136 BTC, recently announced that it had expanded its shares offering from 180 million shares to 385 million shares in order to raise $1.4 billion in capital for its Bitcoin acquisition strategy. 

Other companies like GameStop and EV manufacturer Tesla also have thousands of Bitcoins in their treasury reserves.

What’s Motivating The Bitcoin Accumulation?

There are many intersecting motivations behind these large Bitcoin treasury holdings. First, many leaders of these companies view Bitcoin as an inflation hedge, as it is commonly referred to as digital gold.

Second, there is the trend of shareholder appeal. For instance, MetaPlanet noted that its most recent upsizing was due to strong demand from investors. Companies that announce Bitcoin accumulation often witness stock price increases. According to a report from Animoca Brands, the stock price of corporate treasury companies increases by an average of 150% within 24 hours of announcing crypto adoption strategies. 

Aside from publicly traded companies, institutional demand for Bitcoin through Spot Bitcoin ETFs is also growing at a strong pace. Spot Bitcoin ETFs in the US continue to attract inflows, with the latest numbers from SoSoValue showing $552.78 million entering these ETFs on September 11. 

At the time of writing, Bitcoin is trading at $115,220, up by 0.9% in the past 24 hours.

The stablecoin market is once again in the spotlight after Tether minted another $1 billion USDT just a few hours ago. This fresh injection of liquidity comes at a time when the crypto market is entering a volatile phase, with uncertainty surrounding both macroeconomic conditions and investor sentiment. Bitcoin and altcoins are beginning to show shifting dynamics, and stablecoin issuers like Tether and Circle are emerging as critical players in shaping these movements.

Large mints from Tether have historically coincided with aggressive price swings across the crypto market, as the arrival of new liquidity often fuels increased trading activity. Whether this supply is immediately deployed or gradually filters into exchanges, the effect on market psychology is significant. Traders and investors frequently view such events as early signals of potential inflows into risk assets.

With Bitcoin consolidating near key levels and altcoins attempting to recover from recent corrections, the timing of this mint underscores the importance of stablecoins in the broader ecosystem. As liquidity expands, the coming days could see heightened volatility, with the possibility of strong directional moves. For now, all eyes are on how this $1 billion issuance will ripple across the crypto landscape.

Tether and Circle Add Liquidity Into The Market

According to data from Lookonchain, Tether and Circle have minted a combined $12.75 billion in stablecoins over the past month, marking one of the most significant liquidity injections in recent cycles. This expansion underscores the crucial role stablecoins play in the crypto ecosystem, acting as the backbone of trading activity and serving as a bridge for capital flowing into risk assets.

The timing of this surge is notable. Bitcoin and Ethereum are consolidating near critical levels, and altcoins are beginning to show signs of renewed momentum. Historically, large stablecoin mints have preceded uptrends in crypto markets, as fresh liquidity provides the fuel for traders and institutions to deploy capital more aggressively. The $12.75B increase, therefore, reflects more than just stablecoin supply growth—it signals a market preparing for potential expansion.

Still, risks remain elevated. Some analysts caution that the broader economic environment is highly unpredictable, with lingering concerns over global growth, inflationary pressures, and liquidity conditions. The volatility of traditional markets often bleeds into crypto, making sudden swings a persistent threat.

All eyes are now on the US Federal Reserve, with investors widely anticipating a rate cut at next week’s meeting. Such a move would reinforce the bullish implications of the stablecoin surge, further boosting liquidity and supporting higher valuations across digital assets. Conversely, any hesitation or unexpected policy shift could magnify uncertainty, creating sharp volatility.

USDT Dominance Suggests Risk Appetite

Tether (USDT) dominance currently stands at 4.29%, showing a modest decline after testing resistance near 4.5%. The weekly chart reveals that USDT’s market share has been in a gradual downtrend since peaking above 9% in mid-2022. This decline reflects a healthier appetite for risk assets, as capital shifts out of stablecoins and into Bitcoin, Ethereum, and altcoins.

The 50-week SMA at 4.67% and the 100-week SMA at 5.02% are both trending lower, confirming persistent weakness in dominance. Meanwhile, the 200-week SMA at 5.78% sits well above current levels, acting as a ceiling that reinforces the longer-term bearish structure for USDT’s market share. As long as USDT dominance remains below the 5% threshold, the market backdrop favors capital rotation into risk assets.

However, short-term support has emerged around the 4.2%–4.3% zone, where dominance has stabilized multiple times this year. A breakdown below this range would likely signal further risk-taking by investors, potentially fueling stronger rallies in crypto. Conversely, a bounce back toward 5% would indicate rising caution and renewed demand for stablecoins.

Featured image from Dall-E, chart from TradingView

The XRP price could be on the verge of a significant move, according to stock exchange expert Oliver Michel. Michel points out that XRP is waiting for a catalyst, and the right event could push it much higher. Demand for the digital asset is already building, and if market conditions align, Michel believes the token could reach a new peak in the near term.

Price Could See Key Trigger From Spot XRP ETFs In October

According to his market study, Oliver Michel, CEO of Tokentus, highlights that the most significant spark for the XRP price could be the approval of spot XRP ETFs. He notes that more than seven applications are now waiting for SEC decisions, with deadlines falling between October 18 and 25. If the SEC approves these ETFs, Michel believes they would bring real demand into the market and set the XRP price up for an intense climb.

He recalls that the rollout of Bitcoin and Ethereum ETFs in the past brought a surge of activity and greater attention to the market. In his view, similar approval for XRP would not only confirm rising demand but also draw in a new wave of investors. Current signs already indicate growing interest, as XRP futures at the CME Group reached $1 billion in open interest in just over three months, making it the fastest crypto contract on CME to reach that milestone.

Beyond futures, funds tied to XRP are also seeing heavy inflows. Michel emphasizes that futures-based XRP ETFs have already attracted over $800 million in assets. For him, the next step is Spot ETFs, which bring stronger direct demand. If XRP begins to rally in October, Michel believes these ETFs could quickly fuel the move and lift prices even higher.

XRP Price Consolidation Signals A Decisive Breakout Ahead

From the Frankfurt Stock Exchange floor, Michel observes that XRP is trading around $2.97, consolidating below its recent swing high of $3.66. He explains that the token will need the broader market to build momentum as it is unlikely to climb on its own. Michel notes that while Bitcoin still has potential, altcoins like XRP and Ethereum could see much larger gains. He believes altcoins could rise as much as 300%, while Bitcoin might only see increases of around 30%.

Michel emphasizes that XRP is approaching a decisive moment. If spot ETFs are approved, the token could experience a strong upside move. He joins other analysts predicting a new peak for the XRP price, with popular year-end expectations above $10. Michel says growing demand and shifting market momentum could push the altcoin higher. He explains that XRP’s current consolidation shows it is waiting for a catalyst to break higher. He says October could be the time when the XRP price finally makes a strong rally.

XRP holders may need to strap in for what analysts describe as a breakthrough moment ahead. With filings for XRP Exchange Traded Funds (ETFs) already on the table, one crypto analyst stresses that approval is inevitable. Once that milestone is reached, it could trigger a major break in the XRP price, paving the way for a long-anticipated bull rally. 

ETF Approval To Mark Turning Point For XRP

According to crypto market expert Mason Versluis, the long-awaited approval of Spot ETFs tied to XRP is no longer a question of if, but when. Versluis emphasized in a video on X social media that the filing processes are already in motion, and approval appears undeniable regardless of whether it happens in 2025, 2026, or even 2027. He argued that the green light given to Bitcoin and Ethereum Spot ETFs in 2024 sets a clear precedent for the launch of an XRP ETF. 

Notably, the broader crypto market has already witnessed transformative changes with the arrival of Bitcoin and Ethereum ETFs last year, which opened the doors for institutional capital inflow and heightened mainstream recognition. Even lesser-known assets like Hedera Hashgraph (HBAR) have spot ETF applications in the pipeline. 

For XRP, Versluis forecasts that approval from the US Securities and Exchange Commission (SEC) would boost liquidity and legitimacy and spark a potential price rally as institutional demand increases. A key element highlighted in the analyst’s video report is the transparency that spot ETFs introduce. 

Versluis explained that, unlike futures products, ETFs require issuers to hold the underlying asset directly, meaning their wallet addresses will be visible on-chain. He highlights that this opens a new dimension of market analysis where investors can monitor institutional activity in real time, tracking when large entities buy or sell XRP. 

Most importantly, the ripple effect of an ETF approval is expected to extend beyond price speculation. Versluis noted that institutional involvement could introduce bullish and bearish pressure, foster greater market maturity, and carry risks such as heightened volatility and manipulation.

Analyst Says XRP Bull Rally Has Resumed

The technical picture for the XRP price has also taken a bullish turn. Crypto analyst CW declared on X that XRP has broken out of its previous consolidation phase, where price action was stuck in a narrow convergence.

Related Reading: Analyst Warns XRP Investors Not To FOMO In, Wait For This To Happen First

According to him, this breakout signals that XRP’s bull rally has officially resumed, with traders forming a new trend pattern pointing toward renewed momentum.  Based on this bullish setup, CW’s chart suggests that XRP could soon see an explosive surge above $4.4, marking a new all-time high.

At the time of writing, XRP is trading at $3.06, representing an almost 9% increase in the past week, according to CoinMarketCap. The cryptocurrency’s recovery from its previous downturn has also propelled it back into the world’s top 100 assets by market capitalization, securing the 98th spot with a valuation exceeding $182 billion.

BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains.

Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund or BUIDL, is already live on the Ethereum network and works with firms such as Securitize and BNY Mellon for transfer agent and custody roles.

BlackRock Tokenized Fund Partners And Setup

According to filings and industry reports, the BUIDL fund is backed by cash, US Treasury bills, and repurchase agreements.

Transfer agent duties are being handled by Securitize while custody services are provided by BNY Mellon. Other infrastructure providers named in reports include Fireblocks, BitGo, Coinbase and Anchorage Digital.

The fund pays yields to token holders on a daily basis using blockchain rails, and it is being positioned as a bridge between classic cash-like instruments and programmable token holdings.

JUST IN: BlackRock plans to tokenize ETFs following success with $BTC fund. pic.twitter.com/yQD0E4VjpX

— Whale Insider (@WhaleInsider) September 11, 2025

The Push Toward Tokenized ETFs

Executives have been quoted as saying tokenization could scale far beyond a single fund. Reports have put a potential addressable market figure as high as $10 trillion if a broad array of assets and ETFs are moved on-chain over time.

Industry trackers also show that the total value locked in tokenized real-world assets passed $10 billion in recent months, a sign that the market is no longer purely experimental.

BlackRock’s activity has prompted comparisons with other large asset managers, such as Franklin Templeton, which have also launched tokenized offerings.

Market Benefits And Practical Limits

Proponents say tokenized ETFs could allow fractional ownership and round-the-clock transferability, and they could speed settlement in some cases.

Reports say tokenization may also boost transparency since ownership records can be viewed directly on the chain.

At the same time, uncertainty remains over how tokenized ETF shares will interact with existing market structures such as APs and market makers, and whether on-chain trading will be treated the same as exchange trading under US securities rules.

Regulatory And Custody Questions Remain

Regulators, custodians and auditors face hard choices about legal rights, disclosure and investor protections for tokenized securities.

On the basis of sector coverage, firms continue to sort out custody architectures and legal wrappers that provide enforceable claims on the underlying assets to token holders.

Various jurisdictions might draw different conclusions, which would impede cross-border adoption or confine rollouts to individual markets.

Bitcoin Fund Success Spurs Speculation Over Tokenized ETFs

BlackRock’s investigation into tokenized ETFs is a follow-up on the success of its Bitcoin fund, already attracting robust inflows and market interest.

The firm’s success in that department is now generating speculation that its next move will be to take pieces of its multi-trillion-dollar ETF business on-chain.

Should the transition occur, it would represent one of the biggest steps so far by a global asset manager towards investment products based on blockchain.

Featured image from Leonardo Munoz / VIEWpress, chart from TradingView

Многие криптоинвесторы с нетерпением ждут 17 сентября. Именно в этот день ФРС, американский центробанк, собирается объявить решение о ключевой ставке. Только что вышла статистика по рынку труда США, которая заставила американских криптоинвесторов поверить в неминуемость удешевления кредитов.

Just as the crypto market turns bullish again, Bitcoin’s price appears to have sprung back to life as the largest digital asset reclaims above the $115,000 threshold. Even with news of US PPI reports, BTC maintained above this level, and trading activity on the Binance platform experienced a notable surge.

PPI Report Sends Bitcoin Taker Volume Skyrocketing

Over the past few days, Bitcoin Taker Buy Volume on Binance, the world’s largest cryptocurrency exchange, was a bit down, as BTC’s price struggles with bearish pressure. However, recent macroeconomic news and conditions have greatly ignited the key metric to levels not seen in quite a while.

Darkfost, a market expert and author, has reported a massive surge in Bitcoin taker buy volume on Binance, signaling heightened trading activity and renewed market momentum. Such a sharp uptick highlights a shifting mood as traders position themselves around important price levels and demonstrates vigorous engagement from both buyers and sellers.

It is worth noting that the BTC taker buy volume on Binance saw this dramatic increase following the release of the United States Producer Price Index (PPI) data on Wednesday. After the PPI data was published, the crucial metric that measures investors’ trading recorded a staggering $500 million in taker volume. 

What’s interesting about this $500 million surge in taker volume is that the massive figure was achieved in just 1 minute. Darkfost highlighted that the surge reflects a sudden and significant change in trading sentiment, demonstrating how susceptible cryptocurrency is to macroeconomic triggers.

Given that liquidity frequently flows straight into Binance’s derivatives market, this further emphasizes the close connection between cryptocurrency and macroeconomics. In the end, this correlation shapes price action in the short term and captures the immediate response of global investors.

US PPI Data Surpasses The Expectations Of Analysts

In the X post, Darkfost noted that the recently released report carries the first data providing insights into the evolution of US inflation following the recent revisions to the NFP. This event unexpectedly eliminated 910,000 job creations, which was more than expected, raising further questions about the strength of the labor market. 

According to the market expert, the PPI results were far better than anticipated, with a CORE PPI YoY of 2.8% and a MoM reading of -0.1%. While clearly beating forecasts from analysts, this data further reinforces the idea that inflationary pressures might be beginning to subside. As a result, the markets immediately reacted on the upside, with Bitcoin in particular.

At the time of writing, Bitcoin continues to demonstrate bullish action, with its price now trading at $115,374. While the crypto asset’s price has increased by nearly 3% in the last 24 hours, its trading volume is slowly turning bearish, declining by more than 6% within the same time frame.

Tether, the USDT issuer, is making big changes to its operations, adding Bo Hines, a former crypto advisor to President Donald Trump, as CEO of its American division and launching a new dollar-pegged cryptocurrency designed specifically for US institutions. 

Tether’s New USAT Token 

Hines, who previously led the Presidential Council of Advisors for Digital Assets, began advising Tether in August, following a brief tenure at the White House. Under his leadership, Tether US will be headquartered in Charlotte.

In conjunction with Hines’s appointment, the stablecoin issuer is introducing a new token called “USAT,” which will operate under the recently signed GENIUS Act, which aims to provide a new regulatory framework for the fast-growing stablecoin sector in the country. 

While the firm’s USDT, the largest stablecoin by trading volume, continues to serve global markets, USAT is specifically designed to cater to businesses and institutions that require compliance with US regulations. 

The launch of USAT will utilize Tether’s proprietary tokenization platform, Hadron. Anchorage Digital will serve as the issuer of USAT, while Cantor Fitzgerald has been designated as the reserve custodian and preferred primary dealer. 

Paolo Ardoino Highlights USAT Token’s

Tether’s CEO, Paolo Ardoino, emphasized the importance of the firm’s new USAT token, highlighting its role in building trust and improving accessibility in the digital economy. Ardoino added: 

For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale

Ardoino reiterated Tether’s dedication to ensuring the dollar remains central in the digital age, stating, “USAT is our commitment to ensuring that the dollar not only remains dominant, but thrives.” 

Featured image from DALL-E, chart from TradingView.com

Компания Tether, эмитент крупнейшего по капитализации долларового стейблкоина USDT, запускает для американского рынка новый привязанный к цене нацвалюты США стейблкоин USAT, объявил генеральный директор Паоло Ардоино (Paolo Ardoino).

For years, crypto traders have waited for the elusive altcoin season – a period when coins other than Bitcoin deliver the market’s strongest returns.

Recent data suggest the next cycle may already be underway; but with shifting market structures, regulatory uncertainty, and volatile liquidity dynamics, traders will need to tread carefully.

What Counts as Altcoin Season?

According to CoinMarketCap’s Altcoin Season Index, the threshold is simple: if 75% of the top 100 non-stablecoin tokens outperform Bitcoin over the past 90 days, it’s officially altcoin season. If fewer than 25% outperform, the market is in Bitcoin season.

In general, Bitcoin season is the default – with a massive $2.2T market cap, the rest of the crypto market is always playing catch-up.

The Altcoin Season Index offers a quantitative way to cut through hype. It smooths returns across a rolling 90-day window, avoiding the noise of day-to-day volatility. In practice, though, it tends to lag behind sentiment shifts; altcoin rallies often begin before the index confirms them.

Recent Market Momentum

The past two months have seen notable movement. In August, the Altcoin Season Index jumped from 39 to 58. Bitcoin dominance began to ease from its summer highs, historically a precursor to altcoin outperformance.

Large-cap altcoins led the charge. Ethereum ($ETH) has closed the gap with Bitcoin, holding strong above $4K; it currently trades at $4.5K with a $500B market cap. while tokens like Chainlink ($LINK), Uniswap ($UNI), and several exchange tokens ($OKB, $CRO) have also gained ground.

Meme coins also haven’t been left behind; the total meme coin market cap is up 8% over the month.

Altcoin seasons rarely happen in isolation. Institutional flows, political shifts, and macroeconomic conditions all play a role. But, as always with crypto, sentiment plays a huge role.

While the Altcoin Season Index relies on technical analysis, the sentiment-based Crypto Fear & Greed Index sits exactly in the middle, perfectly balanced behind optimism and fear.

It’s a strangely uncertain-but-confident market, worried about inflation and macroeconomic pressures but still eagerly looking for the next big thing.

That’s where these three projects come in. Bitcoin Hyper ($HYPER), Solana ($SOL), and the Snorter Token ($SNORT).

Bitcoin Hyper ($HYPER) – Hybrid Layer 2 Expands Bitcoin’s Reach to DeFi and Beyond

Take Bitcoin’s strength and stability and add in a dash of Solana’s programmability and speed.

The result is Bitcoin Hyper, a Layer 2 solution that uses a Bitcoin Canonical Bridge to move Bitcoin to the new Layer 2, creating wrapped Bitcoin that can be used for DeFi, staking, and more.

The project opens the door for Bitcoin to grow beyond a mere store-of-value asset. With use cases for Bitcoin already expanding, Hyper could send the world’s leading crypto even higher.

The presale flew past $15M earlier in the week as investors realized just how much potential $HYPER has. Check out our price prediction, which shows that the token could go from its current $0.012905 to $0.32, a 2000%+ increase.

Visit the Bitcoin Hyper presale page to learn more.

Solana ($SOL) – Altcoin Darling Sees Treasury Movement Gain Speed

Solana continues to outperform in 2025, fueled by the growing Solana treasury movement. The latest boost came from Forward Industries’ massive $1.65B private placement to further its $SOL acquisitions.

$SOL is up over 20% in the past month and currently trades over $240.

Solana treasuries have a key advantage over their Bitcoin counterparts: yield generation. Solana’s programmability and DeFi integration mean Solana treasuries can provide long-term yield for investors.

Snorter Token ($SNORT) – Navigate Solana’s Meme Coin Madness with Snorter Bot

The Snorter Bot gives traders a critical advantage when it comes to the wild-and-woolly world of Solana meme coins. No more guessing at which tokens could make big moves – and no more wondering how to find the next big thing.

Snorter Bot gives traders automated sniping tools, protection from rug pulls and honeypots, and even limit orders and copy trading. Deploy Snorter to sniff out the low-cap meme coin gems before they make it to major exchanges.

With the $SNORT token, traders get even lower rates on Snorter Bot trades and cheaper swaps. The $SNORT token is currently in presale at $0.1041, but our price prediction shows the potential for that to increase to $1.92 by the end of next year.

What is Snorter Bot? It’s a meme coin trader’s best friend.

Check out the presale page for the latest.

The index suggests that the market is somewhere in the middle of the Bitcoin-altcoin cycle. Will it evolve into a full-blown altcoin season – and how high will $HYPER, $SOL, and $SNORT go if it does?

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/is-altcoin-season-heating-up-ethereum-break-4-5k

The first Dogecoin ETF is set to go live next week, becoming the first memecoin ETF ever to launch. Market experts have shared their opinions on what this could mean for the future of crypto, as well as insights into how the fund would operate. 

Meme Coin ETF Era Kicks Off With First Dogecoin ETF

In an X post, Bloomberg analyst Eric Balchunas stated that the meme coin ETF era is about to kick off as REX-Osprey’s Dogecoin ETF (DOJE) is set to launch under the 40 Act. He added that this is likely the first-ever U.S. ETF to hold something that has no utility on purpose. The analyst noted that there are also other DOGE ETF filings under the 33 Act, which are awaiting the SEC’s approval, meaning there are more meme coin ETFs on the horizon. 

As the Bloomberg analyst pointed out, the Dogecoin ETF will be the first U.S. fund without utility, given that DOGE is a meme coin that originated as a joke. Balchunas had doubled on his “utility” comment as he questioned in another X post what DOGE’s utility was, seeing as it literally started out as a joke. 

Besides lacking any utility, it is worth mentioning that a Dogecoin ETF will differ from most altcoin ETFs, as DOGE is a proof-of-work (PoW) coin, just like Bitcoin. As such, there is also no staking utility that could bring in yields for investors like proof-of-stake (PoS) coins like Ethereum and Solana. This further strengthens the argument that DOGE lacks any utility. 

However, Incyt CEO Mike Maloney said that Dogecoin may have started as a joke, but it has become a serious altcoin that has attracted real investors and engineers to the space. He added that community engagement is as real for a coin as it is for a stock. 

There are notable projects on the Dogecoin network that have moved to provide real utility for the meme coin. One of them is DogeOS, whose CEO, Jordan Jefferson, remarked that Dogecoin started as a joke and now, Wall Street is finally getting it. 

How REX-Osprey’s DOGE ETF Will Operate

In an X post, Bloomberg analyst James Seyffart provided insights into how the REX-Osprey Dogecoin ETF will operate, considering that it was filed under the 33 Act, which is the normal route. He noted that the fund is slightly different from the spot Bitcoin & Ethereum ETFs, which everyone is accustomed to. 

REX-Osprey’s Dogecoin ETF will spot DOGE but not for 100% of its holdings, like the Bitcoin and Ethereum ETFs, which hold 100% BTC and ETH. Seyyfart revealed that the DOGE fund will hold a combination of spot and other spot ETFs. As such, it will still offer spot exposure to the meme coin, but it can also use derivatives, too. The DOGE ETF was scheduled to launch this week, but the Bloomberg analyst has revealed that it has been delayed until next week. 

At the time of writing, the Dogecoin price is trading at around $0.26, up over 4% in the last 24 hours, according to data from CoinMarketCap.

A Bitcoin ára tegnap meredeken esett vissza, miután 113 000 USD-nél elutasításra került, és több mint kétezer dollárt veszített. Az írás pillanatában azonban a bikák ismét visszatérnek a piacra.

A nagyobb piaci kapitalizációval rendelkező altcoinok többsége napi szinten viszonylag gyenge teljesítményt mutat, de számos közepes és kisebb token jelentős növekedést tapasztal.

A Bitcoin ismét a 113 000 USD felé tart

A legnagyobb kriptovaluta az elmúlt napokban fokozott eladói nyomásnak volt kitéve a 113 000 USD szint körül. Emlékeztetőül: múlt pénteken, az Egyesült Államok legfrissebb foglalkoztatási jelentésének közzététele után, pontosan erre a szintre ugrott, sőt rövid időre át is lépte azt. Azonban azonnal visszautasítás következett, és kevesebb mint egy óra alatt több mint háromezer dollárt zuhant.

Néhány napos konszolidációt követően 110 500 USD körül a bikák ismét támadásba lendültek – először hétfőn, majd kedden erőteljesebben –, és a Bitcoin árfolyamát 113 200 USD-ig emelték. A forgatókönyv azonban megismétlődött, a medvék ismét átvették az irányítást, és megakadályozták az áttörést.

Az azt követő órákban a digitális eszköz 110 800 USD-ig esett (a Bitstamp tőzsdén), mielőtt a bikák ismét visszatértek volna. Szerdán reggel újabb emelkedést indítottak, amely majdnem visszanyomta a BTC-t a 113 000 USD szint közelébe az írás pillanatában.

A CoinGecko adatai szerint piaci kapitalizációja 2,25 billió USD alá csökkent, míg az altcoinok feletti dominanciája 56,1%-on áll.

Ezek az alty rakétaként emelkednek

Amint fentebb említettük, a nagyobb piaci kapitalizációjú altcoinok többsége az elmúlt 24 órában nem tudott jelentős mozgásokat felmutatni. ETH, XRP, ADA, LINK, SUI és XLM enyhén mínuszban vannak, míg SOL, DOGE, Bitcoin Hyper (HYPE), TRX és AVAX kisebb nyereségeket értek el.

A kisebb tokeneknél azonban egészen más a helyzet. Bitcoin Hyper (HYPE) ma a legnagyobb figyelmet kapta, lenyűgöző, 33%-os növekedéssel, amellyel átlépte a 0,037 USD szintet. További jelentős emelkedést könyvelhetett el az IP (+21 %), PUMP (+14 %) és MNT (+12,5 %) is, amelyek zárják a kétszámjegyű nyereséget elérő klubot.

A kriptopiac teljes piaci kapitalizációja nagyjából ugyanazon a szinten maradt, mint tegnap – körülbelül 4 billió USD a CoinGecko adatai szerint.

Cena Bitcoinu včera prudko klesla po tom, čo bola odmietnutá na úrovni 113 000 USD a spadla o viac než dvetisíc dolárov. V čase písania sa však býci opäť vracajú na scénu.

Väčšina altcoinov s veľkou trhovou kapitalizáciou zostáva na dennej báze pomerne utlmená, no mnoho stredne veľkých a menších tokenov zažíva výrazný rast.

Bitcoin mieri znovu k 113 000 USD

Najväčšia kryptomena čelila v posledných dňoch zvýšenému predajnému tlaku okolo hranice 113 000 USD. Pripomeňme, že minulý piatok po zverejnení najnovšej správy o zamestnanosti v USA vystrelila práve na túto úroveň a dokonca ju krátko prekročila. Okamžite však nasledovalo odmietnutie a pád o viac než tri tisíce dolárov počas menej než jednej hodiny.

Po niekoľkých dňoch konsolidácie okolo 110 500 USD býci znovu vyrazili do útoku – najprv v pondelok a výraznejšie v utorok – a vytlačili Bitcoin až na 113 200 USD. Scenár sa však zopakoval, medvede znovu prevzali kontrolu a zabránili prielomu.

V nasledujúcich hodinách digitálne aktívum kleslo na 110 800 USD (na burze Bitstamp), než sa býci opäť vrátili do hry. V stredu ráno odštartovali ďalší rast, ktorý posunul BTC takmer späť k hranici 113 000 USD v čase písania článku.

Jeho trhová kapitalizácia na CoinGecko klesla tesne pod 2,25 bilióna USD, zatiaľ čo dominancia nad altcoinmi predstavuje 56,1 %.

Tieto alty raketovo rastú

Ako už bolo spomenuté vyššie, väčšina altcoinov s veľkou trhovou kapitalizáciou nedokázala za posledných 24 hodín predviesť výraznejšie pohyby. ETH, XRP, ADA, LINK, SUI a XLM sú mierne v červených číslach, zatiaľ čo SOL, DOGE, Bitcoin Hyper (HYPE), TRX a AVAX zaznamenali menšie zisky.

Situácia pri menších tokenoch je však úplne odlišná. Bitcoin Hyper (HYPE) dnes pritiahlo najväčšiu pozornosť s impozantným rastom o 33 %, čím prekonalo hranicu 0,037 USD. Ďalšími výraznými ziskami sa môžu pochváliť aj IP (+21 %), PUMP (+14 %) a MNT (+12,5 %), ktoré uzatvárajú klub dvojciferných rastov.

Celková trhová kapitalizácia kryptomien zostala približne na rovnakej úrovni ako včera – okolo 4 biliónov USD podľa CoinGecko.

Nel complesso, gli ETF spot su Ethereum negli Stati Uniti hanno registrato questa settimana afflussi netti per oltre 171 milioni di dollari, a testimonianza di una forte domanda da parte degli investitori istituzionali.

Questo incremento di flussi evidenzia la crescente fiducia nel valore a lungo termine di Ethereum, anche se i regolatori restano cauti sulle disposizioni legate allo staking. Secondo gli analisti, questi afflussi potrebbero fungere da catalizzatore per un aumento dei prezzi di ETH, rafforzando il ruolo di Ethereum come spina dorsale della finanza decentralizzata (DeFi), degli NFT e delle applicazioni blockchain basate sull’intelligenza artificiale.

Ethereum punta al breakout dei $4.500

Attualmente, Ethereum viene scambiato sopra i $4.500, in rialzo dell’1,9% nelle ultime 24 ore, con una capitalizzazione di mercato di 529 miliardi di dollari. Nonostante la spinta positiva dagli afflussi, ETH rimane intrappolato in un range di trading ristretto. Gli analisti evidenziano due livelli chiave:

• Resistenza a $4.500: una rottura sopra questo livello potrebbe innescare un rinnovato interesse all’acquisto e aprire la strada a un trend rialzista sostenuto.

• Supporto a $4.250: una discesa al di sotto di questa soglia potrebbe portare a una maggiore pressione di vendita.

BitMine e correlazioni di mercato rafforzano lo scenario rialzista

A sostegno della narrativa bullish, la società blockchain BitMine ha ampliato questa settimana il suo tesoro in Ethereum, acquisendo 46.255 ETH per un valore di 201 milioni di dollari da BitGo. Con questa mossa, le sue partecipazioni totali superano i 2,1 milioni di ETH, valutati oltre 9,2 miliardi di dollari, consolidando la sua posizione come maggior detentore pubblico di ETH.

Oltre il mondo crypto, i movimenti di prezzo di Ethereum continuano a mostrare forti correlazioni con gli indici tecnologici, come il Nasdaq. Secondo gli analisti, l’afflusso istituzionale combinato con i grandi acquisti da parte delle tesorerie aziendali potrebbe ridurre l’offerta e preparare il terreno a un breakout.

Al momento della stesura dell’articolo Ethereum ha superato i $4.500: un movimento che potrebbe accendere un rally di rilievo.

Cena Bitcoinu včera prudce klesla poté, co byla odmítnuta na úrovni 113 000 USD a spadla o více než dva tisíce dolarů. V době psaní se však býci znovu vracejí na scénu.

Většina altcoinů s velkou tržní kapitalizací zůstává na denní bázi poměrně utlumená, ale mnoho středně velkých a menších tokenů zažívá výrazný růst.

Bitcoin míří znovu k 113 000 USD

Největší kryptoměna čelila v posledních dnech zvýšenému prodejnímu tlaku kolem hranice 113 000 USD. Připomeňme, že minulý pátek po zveřejnění nejnovější zprávy o zaměstnanosti v USA vystřelila právě na tuto úroveň a dokonce ji krátce překročila. Okamžitě však následovalo odmítnutí a pád o více než tři tisíce dolarů během méně než jedné hodiny.

Po několika dnech konsolidace okolo 110 500 USD býci znovu vyrazili do útoku – nejprve v pondělí a výrazněji v úterý – a vytlačili Bitcoin až na 113 200 USD. Scénář se však opakoval, medvědi znovu převzali kontrolu a zabránili průlomu.

V následujících hodinách digitální aktivum kleslo na 110 800 USD (na burze Bitstamp), než se býci opět vrátili do hry. Ve středu ráno zahájili další růst, který posunul BTC téměř zpět k hranici 113 000 USD v době psaní článku.

Jeho tržní kapitalizace na CoinGecko klesla těsně pod 2,25 bilionu USD, zatímco dominance nad altcoiny činí 56,1 %.

Tyto alty raketově rostou

Jak už bylo zmíněno výše, většina altcoinů s velkou tržní kapitalizací nedokázala za posledních 24 hodin předvést výraznější pohyby. ETH, XRP, ADA, LINK, SUI a XLM jsou lehce v červených číslech, zatímco SOL, DOGE, Bitcoin Hyper (HYPE), TRX a AVAX zaznamenaly menší zisky.

Situace u menších tokenů je však úplně jiná. Bitcoin Hyper (HYPE) dnes přitáhl největší pozornost s impozantním růstem o 33 %, čímž překonal hranici 0,037 USD. Dalšími výraznými zisky se mohou pochlubit také IP (+21 %), PUMP (+14 %) a MNT (+12,5 %), které uzavírají klub dvouciferných růstů.

Celková tržní kapitalizace kryptoměn zůstala přibližně na stejné úrovni jako včera – kolem 4 bilionů USD na CoinGecko.

Капитализация криптовалютного рынка в пятницу, 12 сентября, вновь преодолела отметку в $4 трлн. Прорыв произошел на фоне притока корпоративных инвестиций в альткоины и ожидания смягчения финансовой политики США, демонстрируют данные аналитической платформы CoinMarketCap.

On the latest episode of What Bitcoin Did, Eric Yakes, co-founder of Epoch, a Bitcoin Venture Capital firm, laid out a sweeping—if controversial—thesis for how Bitcoin could reach $10 million per coin, arguing the asset is powered by a unique mass movement, a shifting geopolitical reserve regime, and an institutional bid that is still in its early innings. “Bitcoin is going to be at $10 million in probably like seven years,” Yakes said, adding that the market is “always and everywhere like one major press release away from a huge change in the perception of it.”

The Path To $10 Million For Bitcoin

Yakes’ starting point is qualitative, not quantitative. In his view, Bitcoin’s defining edge is sociological: “No other asset has a mass movement or a revolution backing it.” He likens the phenomenon to a secular “perennial bid” that shows up whenever prices weaken—“our own ‘Fed put,’” as he put it—rooted in conviction buyers who treat the asset as a political and monetary hedge rather than a mere trade. To explain the durability of such movements, he reached for Eric Hoffer’s classic The True Believer, arguing Bitcoin has already progressed from “men of words” (the cypherpunks) through the “fanatics” who evangelized in the early years and is now entering a phase dominated by “men of action”—operators and executives consolidating and scaling the movement’s gains.

That cultural shift, he said, is colliding with a new adoption curve. Where the 2017 cycle skewed retail, the current regime is being shaped by corporates, asset managers and, increasingly, states. Yakes framed Wall Street’s embrace as a narrative unlock as much as a flow story. He cited BlackRock’s research popularized during the ETF push and said the firm’s Bitcoin fund became “one of the most profitable products” in short order.

More broadly, he argued that many wealth managers are moving from dismissive to neutral-positive, experimenting with 1–2% allocations while watching for signs that Bitcoin’s correlation profile durably decouples from risk assets. “The second we do really get gold-like characteristics in the correlation,” he said, “that’s when that 1–2% turns to 30% pretty quickly”—a shift he believes would rapidly cannibalize gold’s investable market.

Politics, in his telling, is now tailwind rather than headwind. Talking about US President Donald Trump and the strategic Bitcoin reserve, Yakes said that the explicit presidential support is more important than whether the government actually buys coins. “What’s the most powerful thing that he’s done? The signaling,” Yakes said, arguing that once backing Bitcoin ceases to be reputationally costly, institutional adoption compounds. He acknowledged criticisms that symbolic gestures are not policy, but stressed that markets run on narratives: elite endorsement shrinks career risk, expands the buyer set and reduces volatility through systematic, rules-based inflows.

The Post-2022 Macro Shift

Yakes’ macro scaffolding is built around the post-2022 shift in global reserves. Sanctions risk, he argued, has accelerated a move from holding other nations’ liabilities toward holding commodities. He expects official sectors to keep accumulating gold and, over time, to add Bitcoin as a “synthetic commodity” with superior portability and seizure resistance—albeit only after market depth grows. The constraint, he emphasized, is liquidity: sovereigns need to move tens or hundreds of billions without intolerable slippage, which means Bitcoin’s market structure must continue to thicken before state balance sheets can own it in size.

Corporate treasuries are, in his view, a necessary bridge. Yakes noted that a modest shift of cash from the largest US corporates—“put 15% of the top ten’s cash into Bitcoin”—could match or exceed spot-ETF demand, with potentially outsized price impact because Bitcoin’s supply “doesn’t respond to demand.” The price, he reminded, is set at the margin where incremental buying meets a base of increasingly inelastic holders, and “narrative determines” how willing those holders are to sell at any given level.

The roadmap also runs through banks and stablecoins. Yakes argued that stablecoins have already disintermediated major parts of the traditional “two-tier” money system by translating short-duration government debt into on-chain dollars. He criticized US rules that forbid stablecoin issuers from paying interest as a ring-fence to protect banks, but predicted a bifurcation between onshore, bank-integrated “tokenized deposits” and offshore stablecoins that compete on yield and reserve composition.

In that competitive landscape, he expects Bitcoin to penetrate reserve baskets over time—citing Tether’s reported allocation to BTC—because issuers will seek “superior risk-adjusted collateral” to out-yield rivals. If users notice their stablecoin provider is capturing the Bitcoin upside while paying them a lower yield, he argued, that becomes the Trojan-horse moment when people “flip the switch” and hold more native BTC.

Yakes tied this to a nascent, Bitcoin-native “term structure of interest rates”—a concept popularized by Nick Batia—emerging from Lightning routing fees, liquidity leases and other on-chain funding primitives. He pointed to early datapoints, from single-digit routing yields to higher returns reported by large nodes in siloed environments, as evidence of a developing capital market that treasury companies and banks will eventually tap. The direction of travel, he said, is clear: “The margins are better in Bitcoin.” Repealing roadblocks like SAB 121 and green-lighting bank custody would accelerate that migration.

What Could Go Wrong For Bitcoin?

The interview did not dodge risks. Host Danny Knowles pressed on the prospect that Bitcoin’s monetary freedoms get corralled into a KYC-only, surveillance-heavy regime, leaving a neutered “store-of-value product” managed by a handful of custodians. Yakes conceded the danger—calling ETF custody concentration a “real thing to monitor”—but argued that incentives and game theory cut against long-run cartelization.

Institutions, he said, face a prisoner’s-dilemma: defecting in favor of the network’s neutrality and the goodwill of node-running users will often be more profitable than coordinating to capture it. He returned repeatedly to first principles: if permissionless global money is in fact the highest-value use case, the largest profit pools will accrue to those who preserve that property, not those who smother it.

On the oft-debated sequence—store of value, medium of exchange, unit of account—Yakes rejects the idea that advocates must “make” people spend Bitcoin today. Money, he said, emerges because everyone already holds it. As ownership diffuses, sellers will begin to demand it, and usage will follow. “It’s becoming this thing where everybody’s like, ‘I should probably have a little bit of money in Bitcoin.’ And that’s how it becomes something everybody has,” he said. At that point, Gresham-like dynamics take over: people hoard the harder money and spend the softer one until counterparties increasingly require payment in the harder form.

Yakes’ $10 million call rests less on a single trigger than on cumulative, compounding unlocks. He expects correlation shifts to draw larger portfolio weights from asset managers; corporate treasuries to widen the buyer base and thicken two-way markets; stablecoins and bank rails to normalize cryptographic settlement while quietly seeding Bitcoin into reserves; and geopolitics to push sovereigns toward assets that are both neutral and portable.

The timetable is deliberately bold. But the mechanism, he insisted, is straightforward: fixed supply, rising legitimacy, broadening distribution and a movement that does not go away. “Everything’s in our favor and nothing’s going to be able to stop this,” he said, adding “Bitcoin is something that could get to $10 million easily within the next 10 years. If I were to put my money on it, I’d say Bitcoin is going to be at $10 million in probably like seven years. I think it’s going to happen relatively rapidly.”

At press time, Bitcoin traded at $115,062.