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Гендиректор аналитической платформы WhaleWire Джейкоб Кинг (Jacob Kinge) заявил, что биткоин может столкнуться с катастрофическим обвалом. Причина — майнинг первой криптовалюты стал слишком централизованным.

Власти Таиланда выбрали оператора цифровой платформы для запуска токенизированных государственных облигаций G-Token, сообщили в Министерстве торговли Таиланда (МОС).

После того, как цена биткоина рухнула ниже отметки $110 000, есть высокий риск дальнейшего падения котировок первой криптовалюты, сообщили опрошенные изданием The Block аналитики.

Over the weekend, the Ethereum price broke above $4,900 to mark a brand-new all-time high after a choppy four years. Naturally, this has resulted in heightened volatility strengthened by both buying and sell-offs, as investors tend to take profit during levels like this. The next step is for Ethereum to step into price discovery as it leads to higher highs in the coming months, with analysts already expecting it to cross the $10,000 level.

Previous Cycle Performance Points To 5-Figure Levels

In an analysis, TheSignalyst points out how the Ethereum price has performed historically. This has usually started with the price spending years in a consolidation zone as it bleeds out. This often ends in a breakout that sees the altcoin break its previous all-time high.

This was the case back in the 2018 bear market, where the Ethereum price consolidated for around three years before reaching an end. It will eventually break the $1,400 all-time high of the previous bull cycle in 2021. What followed was an explosive rally that saw the ETH price rise over 250% from its previous all-time high to put in a new high of $4,800 before cooling off.

Taking this previous performance into account, it is possible that the Ethereum price could follow this same trend. This is due to the similar consolidation pattern before a break of the previous all-time high levels. The breakout of this extended range is inherently bullish and could suggest that history may not be repeating, but it could rhyme.

How High Can The Ethereum Price Go?

Taking into account the Ethereum price performance after breaking out of the extended range in 2021, it is possible that the altcoin will break $10,000 into the 5-digit range. A more than 250% increase from its all-time high, like the 2021 cycle, would mean that the price would rally to the $17,000-$18,000 range.

“ETH hitting new highs signals strong ecosystem demand and potential altcoin season, driven by Powell’s unexpectedly dovish speech fueling risk-on trades,” Bitget Research Analyst, Ryan Lee, said. “On-chain data shows whales selling BTC to buy ETH, boosting ETH’s momentum. This macro easing and capital rotation should drive both assets higher, with ETH likely outperforming due to its utility and ETF prospects.

Now, even taking a more conservative stance that the Ethereum price would only rise around 100% from its previous all-time high of $4,800 would put the price very close to $10,000. Either way, an explosion into another bull market suggests that Ethereum would likely see the 5-digit range this cycle.

TheSignalyst states that “Cycles may not repeat perfectly, but they often rhyme — and Ethereum’s structure suggests we could be on the verge of another explosive move.” Usually, the most important moves for Ethereum have happened in the month of November. Thus, the next three months could be very eventful for the altcoin.

Инвестиционная компания Canary Capital подала в Комиссию по ценным бумагам и биржам США (SEC) заявку на запуск спотового биржевого фонда (ETF), привязанного к мемкоину TRUMP президента США Дональда Трампа.

Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics. 

GDP Statistics On The Blockchain

Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick articulated his vision of placing Gross Domestic Product (GDP) data on the blockchain, highlighting the potential for enhanced transparency and data distribution across government departments.

Lutnick emphasized that the initiative aligns with Trump’s identity as “the crypto president,” framing it as a groundbreaking step toward modernizing how economic reports are generated and shared. 

“The Department of Commerce is going to start issuing its statistics on the blockchain,” he stated, adding that the aim is to create a more open and accessible framework for global markets. 

While the project is still in its developmental stages, it promises to facilitate real-time updates to economic data, a significant shift from traditional reporting methods.

Lutnick Champions Bitcoin And Stablecoins

Throughout his career, Lutnick has been an outspoken advocate for cryptocurrencies. He has drawn comparisons between Bitcoin (BTC) and gold, defended the reserves backing USDT issuer Tether, and dismissed concerns regarding the role of stablecoins in illicit activities during his Senate confirmation hearing. 

Lutnick’s relationship with the White House has also been pivotal in advancing this agenda. During a rally in Michigan celebrating Trump’s first 100 days in office, Lutnick praised the President’s leadership and emphasized collaboration with David Sacks, the White House’s crypto and AI czar. 

Together, they have worked to facilitate the rollout of the Bitcoin strategic reserve, a concept Lutnick believes will solidify Bitcoin’s status as a commodity. “Once you embrace the concept of commodity, you’ll see how beautiful that is,” he remarked in an interview with Bitcoin Magazine.

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

Министр торговли США Говард Лютник (Howard Lutnick) объявил, что ведомство станет публиковать в блокчейне экономические и статистические данные, в том числе о валовом внутреннем продукте (ВВП) страны.

The US Securities and Exchange Commission’s staff and crypto exchange Kraken recently discussed various issues related to the tokenization of traditional assets and the regulatory framework for these assets.

Kraken Meets With Crypto Task Force

On Monday, Kraken and the US SEC Crypto Task Force’s staff met to discuss the tokenization of traditional assets and a potential tokenized trading system in the US. The Commission’s staff had a meeting with representatives from Payward, Inc., Kraken Securities LLC, and law firm Wilmer Cutler Pickering Hale and Dorr LLP.

According to the SEC’s memorandum, the agenda included approaches to address issues related to the regulation of crypto assets and the legal and regulatory framework for operating a tokenized trading system.

Notably, the topics also included an outline of the core components of the proposed tokenized trading system’s architecture, addressing potentially relevant provisions under the federal securities laws, examining how the SEC can provide regulatory clarity and facilitate innovation, and discussing the benefits of tokenization.

The reunion follows the crypto exchange’s interest in launching tokenized stocks of popular equities outside of the US. In May, Kraken announced its plan to allow non-US customers to trade a tokenized version of popular equities, offering over 50 stocks and Exchange-Traded Funds (ETFs), like Apple, Tesla, and Nvidia.

Kraken’s tokenized equities enable users in Europe, Latin America, Africa, and Asia to invest in US stocks even when the US stock market is closed, with lower trading costs and faster settlement.

Similarly, Coinbase is seeking the SEC’s approval to offer tokenized stocks to its customers. In June, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, told Reuters that the emerging sector is a “huge priority” for the crypto exchange.

Nonetheless, Coinbase would need to be granted a “no action letter” or exemptive relief from the Commission, as typically, companies that offer trading in securities must be registered as broker-dealers under the securities regulator.

“With a no-action letter, an issuer of a tokenized equity or a platform that wishes to offer secondary trading in those equities can have some confidence, some comfort, that the SEC has adopted its view of why this product is compliant,” Grewal stated, noting that, “it’s that confidence that has been lacking so far, and I think really held back a lot of the institutional adoption” of crypto and blockchain technology.

Industry Concerns For Tokenized Equities

Kraken’s push for regulatory clarity regarding tokenized stocks also follows recent concerns from the world’s biggest stock exchanges. On August 25, Reuters reported that the World Federation of Exchanges (WFE) called on securities regulators to crack down on tokenized equities, arguing that the blockchain-based tokens “create new risks for investors and could harm market integrity.”

The letter was reportedly sent to the SEC’s Crypto Task Force, the European Securities and Markets Authority (ESMA), and global securities watchdog IOSCO’s Fintech Task Force on August 22. The coalition expressed its concerns that these tokens “mimic” equities without providing the same rights or trading safeguards.

Earlier this year, the World Economic Forum outlined some of the major challenges for tokenized equities adoption, including the lack of sufficient secondary-market liquidity and a clear global standard.

“We are alarmed at the plethora of brokers and crypto-trading platforms offering or intending to offer so-called tokenised U.S. stocks,” the WFE wrote in the recent letter, suggesting that issuers of stock could suffer reputational damage if the tokens fail.

The WFE urged regulators to apply securities rules to tokenized assets, clarify legal frameworks for ownership and custody, and prevent them from being marketed as equivalent to stocks.

Первая криптовалюта вернулась к значениям семинедельной давности, потеряв более 10% от своего исторического максимума. Это может свидетельствовать о возросшей нестабильности крипторынка, заявили эксперты аналитической платформы Glassnode.

Nasdaq-listed SharpLink Gaming disclosed today that it purchased an additional 56,553 Ethereum (ETH) during the week ending August 24. The latest acquisition brings the company’s total ETH holdings to approximately $3.7 billion.

SharpLink Gaming Enhances Ethereum Holdings

According to an announcement made today, SharpLink Gaming is not holding back from buying ETH despite the current market turbulence. The company stated it had purchased 56,553 ETH during the week ending August 24.

Notably, SharpLink’s latest ETH buy was its fourth consecutive weekly purchase of the digital asset in as many weeks. Commenting on the development Joseph Chalom, Co-Chief Executive Officer said:

Our regimented execution of SharpLink’s ETH treasury strategy continues to demonstrate the strength of our vision and the commitment of our team. With nearly 800,000 ETH now in reserve and strong liquidity available for further ETH acquisitions, our focus on building long-term value for our stockholders while simultaneously supporting the broader Ethereum ecosystem remains unwavering.

As Chalom highlighted, SharpLink’s ETH reserves are nearing the 800,000 milestone, currently standing at 797,704 ETH. The firm’s average purchase price during the latest acquisition was $4,462 per ETH.

In addition, the company has earned an extra 1,799 ETH through staking since June 2. SharpLink also maintains roughly $200 million in cash reserves earmarked for future ETH purchases.

Meanwhile, the Ethereum concentration ratio – a proprietary metric developed by SharpLink Gaming – has risen to 3.80. This figure reflects strong asset density per share on a fully diluted basis and provides shareholders with a transparent measure of ETH exposure per share.

At the time of writing, SharpLink Gaming shares were trading at $19.42, up 1.3% on the day. Over the past six months, the stock has gained an impressive 315%, primarily buoyed by its ETH treasury strategy.

Is ETH Going To Replace Bitcoin On Corporate Balance Sheets?

While Bitcoin (BTC) remains the dominant crypto asset with a market cap exceeding $1 trillion, companies are increasingly warming to the idea of holding ETH as part of their treasury strategy.

A recent report from VanEck suggested that ETH could ultimately serve as a stronger store of value than BTC. On a similar note, Ethereum treasury firm ETHZilla announced yesterday that it had expanded its holdings to more than 102,000 ETH.

Still, not all are equally convinced about ETH’s supposed superiority over BTC. In Q2 2025, Galaxy Digital boosted its Bitcoin holdings with 4,272 BTC, while reducing its ETH exposure. At press time, ETH trades at $4,545, down 0.8% in the past 24 hours.

Anticipation is already building as the Trump-family-owned World Liberty Financial Token ($WLFI) gets set to launch on September 1. Major exchanges have already announced pre-market trading of WLFI/USDT perpetual contracts, priced at around $0.26 today.

Token launches are always major events, especially for trending cryptos like $WLFI. They can also go either way—to the moon or bust—which is why traders watch these launches closely.

It also shows the importance of getting into the best presales early, as they can produce significant gains if you pick your cards right.

This also applies to the presales we’ll cover later, such as Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST), which have already racked up millions in their respective fundraisers.

WLFI Priced at $0.26 in Pre-Market Trading

Exchanges such as Binance and OKX have already announced pre-market trading of the WLFI/USD pair before the token’s official launch next week.

This drove the price up to as much as $0.55 before settling at its current $0.26. At this price, this puts $WLFI’s FDV at a whopping $286B.

However, a lot can still happen, especially when the token finally launches. On one hand, it could lead to a massive sell-off and bring the price down as early investors try to lock in their profits.

On the other hand, it could skyrocket: it is a Trump-family-owned coin, after all. Another factor that could drive up $WLFI’s price is its limited availability at launch, as only 20% of early investors’ tokens will be unlocked. As always, scarcity makes the asset more expensive.

All this is speculation for now, and we’ll find out more when $WLFI launches on Monday. In the meantime, here are some other promising new crypto projects that are worth getting into before they launch:

1. Bitcoin Hyper ($HYPER) – Bringing Solana-Level Speeds to the Bitcoin Ecosystem

Bitcoin ($BTC) is undoubtedly the king of the hill when it comes to cryptocurrencies. It’s not only the first crypto but also the most secure and valuable.

However, it’s bogged down by slow transactions and high fees, as well as limited flexibility. These are the same problems that Bitcoin Hyper ($HYPER) wants to solve.

The project aims to develop a Bitcoin Layer 2 that will bring Solana-level speeds and low transaction costs to the Bitcoin ecosystem. Plus, it’ll allow you to use your $BTC for things such as staking and interacting with dApps.

Want to Learn More? Check out ‘What is Bitcoin Hyper’ for a lowdown on this up-and-coming Layer 2 project.

Its native $HYPER token will offer several perks to holders, including access to exclusive features and governance rights. Of course, you’ll also be able to use it to pay for gas fees or stake it.

Each token currently costs $0.012805 from the project’s official presale page. If you prefer, you can also stake it and earn 90% APY staking rewards.

The project has raised over $12.2M to date, proving that investors are excited about its potential to revolutionize Bitcoin.

Check out our guide on how to buy Bitcoin Hyper.

2. Best Wallet Token ($BEST) – Powering a Secure and Highly-Capable Crypto Wallet

As crypto ownership becomes more mainstream, demand for safe, user-friendly crypto wallets will only increase.

If you’re looking for an easy, secure way to store your digital assets, then Best Wallet is for you.

Being a non-custodial crypto wallet means only you have access to the private keys used to sign your transactions and prove your ownership of your crypto.

More than storage, you can also buy, swap, and trade crypto with this wallet. It also gives you access to presales via its Token Launchpad.

To get the most out of your wallet, consider getting some of its native crypto, Best Wallet Token ($BEST). Priced at only $0.025535 on presale, it offers plenty of benefits like reduced fees when trading with Best Wallet, early access to token presales, higher staking rewards, and governance rights.

If you want to stake your tokens, the team is offering rewards at 88% APY. HODLing is another option, especially since $BEST’s value has the potential to go as high as $0.82 based on our Best Wallet Token price prediction.

With over $15M raised, savvy investors are clearly jumping in early to lock in gains before public trading begins.

Buy Best Wallet Token here.

3. BlockchainFX ($BFX) – Combining TradFi with Web3

BlockchainFX ($BFX) positions itself as the first crypto exchange that bridges crypto and TradFi. Here, you’ll be able to trade anything from $BTC, gold, meme coins, ETFs, CFDs, and more, all in one platform.

Whenever someone trades on the exchange, BlockchainFX will take 70% of trading fees and put them into the $BFX staking pool, buybacks, and token burns.

You can get staking rewards if you hold and stake its native $BFX token.

$BFX tokens are currently available via the BlockchainFX presale page for only $0.021. To buy yours, connect your crypto wallet like Best Wallet, and swap $BFX for your crypto (e.g., $ETH, $BNB, and $BTC), or pay with your credit/debit card.

Joining the presale today could be a smart move as the token’s price will go up to $0.05 once it launches. So, the sooner you join in, the better.

You can learn more about the project by reading the BlockchainFX whitepaper.

Will the WLFI Launch Succeed? We’ll Find Out Soon Enough.

$WLFI’s upcoming token launch has the industry holding its breath, as billions will be made or lost when it launches on September 1.

To grab some action for yourself, check out the best live presales right now, including Best Wallet Token ($BEST) and Bitcoin Hyper ($HYPER). They’ve already raised millions of dollars in early-stage funding based on their proposed utility, and could prove to have huge upside potential when they launch.

Disclaimer: Do your own research. This is not investment advice.

Canary Capital, an asset manager that recently ventured into the crypto exchange-traded fund (ETF) arena, has announced its latest initiative with a filing for a TRUMP ETF designed to track the memecoin’s price. 

This move follows their earlier crypto ETF filings made earlier this year, after the Bitcoin (BTC) and Ethereum (ETH) investment funds proved successful. This marks a significant step in capitalizing on the growing interest in digital assets.

Canary Proposes TRUMP ETF

According to Reuters, the proposed TRUMP ETF aims to provide investors with a regulated product that captures the politically charged nature of the memecoin, blending sentiment-driven speculation with traditional investment frameworks. 

If approved by the Securities and Exchange Commission (SEC), which has seen a shift in stance under Chair Paul Atkins, the TRUMP ETF could begin trading in the coming months.

The TRUMP memecoin was launched just days before the inauguration of President Donald Trump back in January, quickly gaining traction on social media platforms for its ties to the billionaire. 

A July analysis by Reuters revealed that major cryptocurrency exchanges moved to list the coin more rapidly than many other meme tokens, highlighting its popularity among retail investors. 

However, the token has not been without controversy; some ethics experts argue that it poses a potential conflict of interest for President Trump. The White House has denied these claims, asserting that the president’s assets are managed by a family trust.

US-Origin Crypto Fund

This latest TRUMP ETF application comes on the heels of another filing by the firm aimed at creating an investment fund focused on US-origin cryptocurrencies, which collectively have a market value exceeding $520 billion. 

This fund plans to concentrate on projects like XRP, Solana (SOL), and Cardano (ADA), tapping into the growing demand for assets supported by President Donald Trump’s vision of making America “the crypto capital of the world.”

Eric Balchunas, an ETF analyst at Bloomberg, noted the increasing competition among issuers to differentiate their products as they await the SEC’s upcoming decision window, anticipated in the fourth quarter. 

Canary Capital is also pursuing additional filings, including a Staked Injective ETF, with the regulatory agency having opened a public comment period on this proposal, signaling that preliminary reviews are underway.

Osprey Funds and REX Shares filed similar applications with the Securities and Exchange Commission the day following the memecoin’s launch, joining Canary as additional companies poised to profit from a future TRUMP ETF market. 

As of this writing, the news of the latest TRUMP ETF registration has not had a beneficial effect on the President’s memecoin, which is currently trading at $8.33, indicating no price movements over the last 24 hours. The memecoin is currently 88% lower in value than it was at its peak. 

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

On-chain data shows Bitcoin network metrics have diverged recently, with active addresses falling even as transaction volume shoots up.

Bitcoin Activity Metrics Are Showing A Mixed Picture

In its latest Market Pulse report, on-chain analytics firm Glassnode has talked about how a few different activity-related Bitcoin indicators have changed during the past week.

The first metric of interest is the “Active Address Count,” which measures, as its name suggests, the unique total number of addresses that are becoming involved in some kind of transaction activity on the blockchain every day.

Now, here is a chart that shows the trend in the Bitcoin Active Address Count over the last couple of years:

As displayed in the above graph, the Bitcoin Active Address Count spiked above the high statistical band earlier in the month when the cryptocurrency’s price set a new all-time high (ATH) above $124,000. This suggests user participation rose with the rally.

With the price decline that has followed the peak, however, the indicator’s value has plummeted. The metric is currently sitting at 692,000, which is down 2.2% compared to last week. This value is also below the 712,000 low statistical band, indicating that trader attention in the cryptocurrency has taken an especially big hit.

While the Active Address Count has plunged, another metric, the On-Chain Transfer Volume, has gone up instead.

From the chart, it’s visible that the Bitcoin On-Chain Transfer Volume saw an uptick alongside the ATH break this month, but instead of cooling off with the price, the metric has only climbed higher since then.

The indicator has surged by 7.8% to $10.3 billion, which is above the high statistical band of $10.15 billion. But one question arises: if the number of users taking part in transfer activity has gone down as suggested by the trend in the Active Address Count, why has the On-Chain Transfer Volume gone up?

The answer is that, although both of these metrics relate to network activity, they correspond to different segments of the investors. Small hands significantly outweigh large entities in population, so the Active Address Count reflects the activity of the retail investors. On the other hand, whale transactions eclipse retail moves, so the On-Chain Transfer Volume is usually dominated by moves from big-money holders.

The divergence that has cropped up between the two Bitcoin indicators could signal that retail speculation has become muted after the price decline, while whales have ramped up activity to reposition themselves.

BTC Price

Bearish momentum has continued for Bitcoin during the last 24 hours as its price has slipped to $109,900.

Pantera Capital is seeking to raise $1.25 billion for a Solana treasury, adding to the wave of institutional momentum building behind the asset.

Pantera Plans To Convert A Nasdaq-Listed Firm Into A Solana Treasury Vehicle

As first reported by The Information, Pantera Capital is planning to raise funds to create a Solana treasury vehicle. Initially, the firm intends to raise around $500 million from investors. It will then put these funds into a Nasdaq-listed company, which will use them to buy SOL and convert into a treasury vehicle called “Solana Co.”

Pantera Capital is an American venture capital and hedge fund specializing in digital assets and blockchain technology. The firm became the first to launch a cryptocurrency fund in the US back in 2013 and today, it manages over $4.8 billion in assets.

In a letter earlier in the month, Pantera disclosed it has invested over $300 million in digital asset treasury (DAT) companies. The firm said its investment thesis was based on a simple premise: “DATs can generate yield to grow net asset value per share, resulting in more underlying token ownership over time than just holding spot.”

Pantera is also an investor in medical firm Sharps Technology’s bid to create a $400 million Solana treasury, according to a press release from Sharps on Monday. And now, it seems the company is making a more direct push in the treasury space with its latest proposal. Beyond the initial $500 million, the firm also plans to raise another $750 million through warrants. If the plan comes to fruition, Solana Co. would become the largest SOL treasury in existence.

Interestingly, the report about Pantera comes just a day after another report revealed that Galaxy Digital, Jump Crypto, and Multicoin Capital are planning a $1 billion SOL treasury.

Upexi is currently the largest Solana treasury company with around 2 million tokens (about $383 million at the latest exchange rate), so the proposal from Galaxy and others would have already more than doubled the record. Now, Pantera’s plan could surpass even that.

The digital asset treasury model was popularized by Michael Saylor’s Strategy (formerly Microstrategy). Other companies soon followed by putting Bitcoin on their balance sheets, but recently, altcoins have started to get attention as well.

With Galaxy and partners, Pantera, and Sharps all unveiling Solana treasury plans, there now seems to be a real shift in institutional momentum behind the cryptocurrency.

So far, treasury companies have added around 0.75% of the SOL circulating supply to their holdings, according to data from institutional DeFi solutions provider Sentora (previously IntoTheBlock).

From the chart, it’s visible that the same figure sits at more than 9% for Bitcoin and about 3.4% for Ethereum. Thus, it seems SOL is still quite early in the treasury push.

SOL Price

At the time of writing, Solana is floating around $190, down over 3% in the last 24 hours.

CME Group said late Monday that its crypto futures complex topped $30 billion in notional open interest for the first time, with a duo of products—SOL and XRP futures—each crossing $1 billion in open interest. In the same post, CME underscored that XRP futures were the “fastest-ever” contract on the venue to clear the $1 billion mark, doing so in just over three months—meaning faster than the exchange’s long-standing bitcoin and ether listings.

XRP Outpaces BTC And ETH

The acceleration is measurable. Four days earlier, CME flagged “a new record for XRP futures,” noting an all-time high in open interest of more than 6,000 contracts on August 18 and publishing a three-month recap: 251,000-plus contracts traded, $9.02 billion in notional volume (about $143.2 million ADV), and roughly 12.0 million tokens equivalent. Those figures, dated as of August 18, suggest sustained participation rather than a single-session spike.

Timing helps explain the velocity. CME announced on April 24 that XRP futures would launch on May 19, in both a standard 50,000 token contract and a micro 2,500 token contract, cash-settled to the once-a-day CME Reference Rate at 4:00 p.m. London. From first trade on May 19 to the $1 billion open-interest milestone on August 25 is roughly 98 days—“just over 3 months,” in CME’s words. The dual-size design broadens the addressable base, while the cash-settled structure and CF benchmarks align with the risk-management framework institutions already use for BTC and ETH on the venue.

CME framed the $30 billion complex-wide figure as “a huge sign of market maturity” and “new capital entering the market,” language that tracks with the open-interest step-up seen across multiple contracts. Within that context, pace matters: being the fastest CME crypto futures contract to $1 billion OI implies that regulated demand for XRP exposure—hedging, basis trades, and outright directional risk—scaled more quickly than prior cycles in bitcoin and ether did when they were at comparable stages of their own adoption curves on CME. “Our Crypto futures suite just surpassed $30B in notional open interest… [with] XRP being the fastest-ever contract to do so,” CME wrote.

The durability of the flows will be watched next. The August 18 snapshot showed 6,000-plus contracts in XRP futures open interest just ahead of the product’s three-month mark, with the three-month recap pointing to a meaningful, repeatable run rate. If that base holds—or expands—into the autumn listing cycle, it would confirm that the early-phase pop in activity has matured into steady institutional positioning on the world’s largest regulated crypto-derivatives venue.

Spot XRP ETF Still Pending

Meanwhile, in the United States, the much‑anticipated launch of spot XRP ETFs remains pending SEC approval. Regulatory watchers note a cluster of amended S‑1 filings across major issuers—including Grayscale, Franklin Templeton, Bitwise, WisdomTree, 21Shares, CoinShares and others—and the SEC has extended decision timelines into October 2025.

The deadline for Grayscale’s Trust conversion looms on October 18, while 21Shares and CoinShares now face rulings by October 19 and October 23, respectively. Bloomberg analysts James Seyffart and Eric Balchunas assign a robust 95 percent odds that at least one spot ETF will gain approval this year, attributing their confidence to sustained SEC engagement. Given these dynamics, many expect a resolution—and possible green lights—as early as mid- to late-October 2025.

At press time, XRP traded at $2.91.

Crypto analyst Pumpius has declared that XRP goes beyond just payments and that those thinking of it as just that way don’t know what is coming. He then highlighted the “blueprint of a multi-trillion dollar upgrade,” which is why he believes the altcoin can reach $10,000. 

Why XRP Can Hit $10,000 As Its Utility Expands Beyond Payments

In an X post, Pumpius stated that the world is moving to digital ID and indicated that XRP can play a huge role in this innovation. He explained that governments, banks, and big tech all admit that everyone will need this digital ID to transact in the coming system. The crypto analyst further remarked that this identity isn’t just a passport or driver’s license, but that the ultimate ID will be one’s biology. 

Pumpius claimed that biometric identity and generic data are being positioned as the next “trust layer” of finance. He said that this is because they are unique, immutable, and unforgeable, making them the perfect keys for digital commerce. The crypto analyst then proceeded to make the case for XRP, noting that the XRP Ledger has the rails to anchor this innovation. 

He then highlighted the DNA protocol, which is already working on this innovation on the XRP Ledger. In line with this, Pumpius declared that this isn’t just a concept but a live concept that could boost XRP’s utility. The analyst predicts that over $100 trillion in tokenized real-world assets are coming and that if biometrics and DNA become the default KYC, XRP and its native DEX could become the universal settlement layer. 

Pumpius expects trillions to follow into XRP when that time comes. He remarked that liquidity demand at that scale mathematically breaks current price models. The analyst asserted that XRP, as the bridge asset, won’t just go to $10 but will lead into five figures and reach $10,000. 

Analyst Warns XRP Can’t Reach That Level

In an X post, crypto analyst Jaydee warned that XRP cannot reach $10,000. He further warned the community of influencers who are predicting the altcoin will reach this level, declaring that they cannot be trusted. Jaydee remarked that these influencers are wrecking investors while the real analysts make retirement gains in months instead of waiting for a price level that won’t come. 

The crypto analyst is also certain that XRP cannot reach $1,000. He indicated that those who are also waiting on the altcoin to hit this price level, because Ripple is applying for a national banking license, will also get wrecked.  

At the time of writing, the XRP price is trading at around $2.92, down over 2% in the last 24 hours, according to data from CoinMarketCap.

The Bitcoin and cryptocurrency market is facing heightened volatility as U.S. President Donald Trump escalates his battle with the Federal Reserve.

Trump’s unprecedented move to ‘fire’ Fed Governor Lisa Cook, paired with growing friction with Fed Chair Jerome Powell, has rattled investor confidence and triggered a broad sell-off in risk assets, including Bitcoin and Ethereum.

The Trump – Powell Fallout

Markets had initially welcomed Powell’s dovish hints at the Jackson Hole symposium, where he suggested the Fed may be closer to easing its restrictive monetary policy.

However, optimism quickly faded as Trump pressed for more aggressive rate cuts and attempted to remove a sitting Fed governor, an act widely seen as undermining central bank independence.

The fallout was immediate. Bitcoin (BTC), which had surged past $117,000 after Powell’s remarks, dropped below the key $111,000 level and is now trading more than 12% off its mid-August all-time high.

Ethereum (ETH) slid over 5% overnight, with other leading cryptocurrencies like Solana (SOL), XRP, and Dogecoin (DOGE) also posting steep losses.

Bitcoin Reacts to Uncertainty

The total crypto market capitalization has fallen 2.48% to $3.79 trillion, while trading volume spiked 67% to $220 billion, signaling frantic repositioning by traders. Nearly $900 million in leveraged positions were liquidated in the past 24 hours, amplifying the downturn.

Bitcoin’s dominance has slipped to 57.5%, with Ethereum’s share rising slightly to 14.4% as ETF flows diverged. U.S. Bitcoin Spot ETFs saw $23 million in net outflows on Friday, led by iShares Bitcoin Trust, while Ethereum Spot ETFs recorded $338 million in inflows, highlighting shifting investor sentiment.

Altcoins were not spared. BNB, Cardano, and TRON all posted overnight declines of 3–4%, while meme favorite Dogecoin slumped nearly 5%. A few tokens bucked the trend, HyperLiquid (HYPE) gained 2.6%, and VeChain (VET) climbed 3.6%, but most of the top 100 coins bled heavily.

What’s Next for Bitcoin and the Fed?

Analysts warn that political interference at the Fed could further destabilize markets. Prediction markets currently give just a 9% chance of Powell being ousted in 2025, but Trump’s actions have raised legal and institutional concerns.

If Trump succeeds in reshaping the Fed to favor easier policy, risk assets like Bitcoin could benefit longer term from looser liquidity. For now, traders are focused on key technical levels. Bitcoin must reclaim the $111K–$112K zone to avoid a deeper slide toward $100K.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Ethereum is holding steady above the $4,400 mark after a weekend surge that briefly carried it to fresh all-time highs. The rally, fueled by strong institutional demand and broader market optimism, has been tempered over the past two days as the price retraced to test lower levels. Despite the pullback, ETH remains one of the most closely watched assets in the market, with bulls and bears both eyeing the next decisive move.

Analysts are divided. Some argue that ETH’s ability to maintain support above $4,400 signals resilience and a potential setup for another rally toward $5,000. Others, however, see warning signs of buying exhaustion and raise concerns of a deeper correction if market sentiment shifts.

Adding to the intrigue, blockchain analytics firm Lookonchain revealed that Bitmine, Ethereum’s largest corporate holder, bought another 4,871 ETH worth $21.28M just 12 hours ago. This brings Bitmine’s total holdings to staggering levels, reaffirming the narrative of large-scale institutional accumulation.

The combination of strong whale activity, heightened institutional demand, and volatile short-term price swings underscores the pivotal moment Ethereum faces. Whether ETH breaks higher into uncharted territory or succumbs to correction pressures will be a defining factor for the broader altcoin market.

Ethereum Whale Accumulation Strengthens Bullish Outlook

According to Lookonchain, Bitmine currently holds 1,718,770 ETH valued at $7.65 billion, making it one of the largest corporate holders of Ethereum. This accumulation trend has become a defining feature of the current market cycle, with other companies such as Sharplink Gaming and Bit Digital also expanding their ETH positions. Such large-scale institutional buying reinforces the bullish continuation narrative and sets Ethereum apart as the leading altcoin for long-term growth.

Beyond accumulation, macro conditions and legal clarity in the US are playing a vital role in Ethereum’s outlook. The clearer regulatory environment is attracting more institutions, which now see ETH not only as a key player in decentralized finance but also as an asset with growing legitimacy. This shift in sentiment is fueling expectations for Ethereum to outperform in the coming months.

At the same time, liquidity dynamics are tightening. Exchanges are reporting declining ETH balances, while OTC desks such as Wintermute highlight a fast-paced decline in reserves. This suggests that supply is increasingly being absorbed by institutions and long-term holders, leaving fewer coins available on the open market.

The combination of institutional demand, regulatory clarity, and shrinking supply creates a powerful backdrop for Ethereum. While short-term volatility may persist, the underlying fundamentals point to a market primed for continuation toward new milestones.

Weekly Chart Signals Strength

Ethereum’s weekly chart shows that the asset is in the middle of a significant test after its surge to new highs above $4,800. Following that rally, ETH retraced sharply, now trading around $4,422, reflecting a volatile but healthy correction after weeks of steep gains. Despite this drop, the chart still shows ETH maintaining its broader bullish structure.

The 50-week moving average (blue line) is curving upwards, signaling renewed momentum after months of consolidation earlier this year. Meanwhile, the 100-week (green) and 200-week (red) moving averages remain well below the current price, reinforcing that ETH is still in a strong macro uptrend. The retracement seems to be finding support around the breakout zone of $4,200–$4,400, which could act as a new base if bulls defend it.

The most notable takeaway is how ETH has broken free from its long consolidation between 2022 and early 2025, where the price struggled under $3,000. That multi-year resistance zone has now flipped into strong support, suggesting the potential for Ethereum to sustain higher levels in the months ahead.

Featured image from Dall-E, chart from TradingView

The Shiba Inu development team has officially rolled out LEASH v2, a new version of the ecosystem’s exclusive token designed to correct a long-standing supply controversy. Over the past week, LEASH holders expressed growing concerns after a hidden rebase path in the original contract unexpectedly increased supply, resulting in a 20%+ dilution from the 107,646 baseline. This prompted swift action from the current Shiba Inu developers, and LEASH v2 is both a corrective measure and an opportunity to restore community confidence.

LEASH v2 Brings A Hard-Capped Supply

According to Shiba Inu marketing lead Lucie, the most important change in LEASH v2 is the permanent fix to supply manipulation risks. Posting on the social media platform X, she explained that after migration, LEASH v2 will have a fixed, hard-capped supply of 107,000, exactly as originally designed. No new rebasing, no hidden minting functions. This is a clean slate contract. This means token holders no longer need to worry about accidental inflations or hidden vulnerabilities undermining the scarcity and value of LEASH.

The issue stemmed from a rebase function left in the original contract by a departed developer five years ago, which went unnoticed until the recent glitch. The team documented those mechanics and presented the community with a DAO-led route forward of migrating to a fixed-supply, audited LEASH v2 using the last trusted snapshot. 

That plan also outlines the burn-to-claim  model, where holders destroy the old token to claim the new one. After moving to a fully immutable and audited contract, the team has effectively sealed off this risk, turning LEASH v2 into a more trustworthy representation of what the token was always intended to be.

According to the Shiba Inu blog website, the v2 total supply is pre‑minted at deployment and held by a multisig. The migrator will not mint new LEASH v2 tokens but will move pre‑minted tokens out of the multisig as users migrate from LEASH v1.

What Does This Mean For Holders?

LEASH v2 affects only LEASH. Other tokens (SHIB and BONE) within the Shiba Inu ecosystem remain untouched. If the migration proceeds smoothly, with audits concluded, exchanges aligned, and burn-to-claim portals functioning, LEASH v2 will become a straightforward case of resetting the clock.

Related Reading: Bybit Exchange Unveils Massive Shiba Inu Balances In The Trillions As Price Tanks

A prominent Shibarium insights account on X pointed out that the team is working with an external auditor. The Shiba Inu team is also in talks with crypto exchanges to support the swap and will stage a public testnet and bug bounty before full release. The rollout has been largely welcomed across the Shiba Inu community, with supportive reactions surfacing on multiple social platforms.

At the time of writing, LEASH is trading at $52.40, down by 8% in the past 24 hours.

Ethereum is once again in the spotlight as institutional demand continues to shape the market’s direction. After weeks of bullish momentum that pushed ETH into fresh all-time highs, the price is now consolidating below this level, holding above critical support zones. Despite the short-term slowdown, Ethereum remains one of the strongest players in this cycle, with clear evidence that big money is flowing in.

Arkham Intelligence has revealed a striking onchain development: a whale just purchased $2.5 billion worth of ETH within hours and immediately staked the entire position through a single contract. The timing of this move highlights how aggressive accumulation is aligning with Ethereum’s rise as the dominant chain for DeFi and institutional exposure. While retail traders often react to volatility, whales and institutions tend to position themselves strategically after major reversals, validating the broader uptrend.

The market now faces an important test. With ETH consolidating just below its highs, investors are asking whether this wave of whale activity will be enough to trigger a continuation toward $5,000—or if the market first needs a deeper correction before resuming its bullish phase.

Whale Accumulation Reinforces Ethereum’s Strength

According to Arkham Intelligence, a massive whale has executed one of the largest onchain moves of this cycle—buying $2.55 billion worth of ETH from Hyperunit and staking it all through a single staking contract. Arkham even asked on X: “Will he keep buying?”—a question that perfectly captures the mood among traders and analysts.

This type of accumulation is not just about size, but timing. Ethereum has been holding firm above critical support levels even as Bitcoin faces difficulties sustaining momentum near its highs. BTC has repeatedly tested demand around the $110K–$115K zone, signaling buying exhaustion, while ETH’s resilience suggests relative strength. Analysts are beginning to argue that the market is witnessing a capital rotation phase, with some large investors favoring ETH and altcoins as Bitcoin consolidates.

What makes this event even more notable is that the whale staked the entirety of the purchase, demonstrating a long-term conviction rather than a short-term speculative trade. Staking locks coins out of circulation, reducing sell-side pressure and reinforcing Ethereum’s fundamental value.

The broader implication is clear: if whales continue this level of aggressive positioning, Ethereum could not only sustain its gains above $4,400 but also extend its rally toward the symbolic $5,000 mark. Meanwhile, Bitcoin’s inability to push higher may cement ETH as the outperformer in the short to mid-term.

ETH Showing Strength Around Key Levels

Ethereum’s daily chart shows the asset holding above the $4,400 level, a critical support zone following days of high volatility. After recently reaching new highs close to $4,900, ETH faced a sharp pullback, but buyers have so far defended this level, suggesting it could act as a strong base for the next move.

The price structure remains bullish overall, with ETH trading well above its 50-day ($3,837), 100-day ($3,184), and 200-day ($2,634) moving averages. This alignment of the moving averages reflects sustained bullish momentum, though the steep climb of recent weeks has increased the risk of volatility. The wick rejections near $4,900 indicate that sellers are taking profits at higher levels, but demand near $4,400 is keeping ETH from deeper corrections.

For bulls, reclaiming $4,700 and pushing back toward $4,900 will be critical for resuming the uptrend and potentially targeting the psychological $5,000 level. On the downside, a breakdown below $4,400 could expose ETH to further declines, with secondary support near $4,200.

Ethereum remains in a strong uptrend, but the market is entering a decisive phase where either consolidation above $4,400 prepares the ground for continuation, or a deeper correction unfolds before the next rally.

Featured image from Dall-E, chart from TradingView