The audit's findings bolster Cardano's credibility, potentially enhancing investor confidence and supporting future blockchain development initiatives.
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The Fed is bringing stablecoins, tokenization, and AI for payment technologies into one conversation as policy in Washington begins to firm.
Crypto lawyer John Deaton says anyone who denies the “XRP Army” affected the outcome of the SEC and Ripple court case is either ignorant or lying.
Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level. Bitcoin started a recovery wave above the $111,200 zone. The price is trading above $111,200 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Extends Recovery Bitcoin price started a fresh recovery wave above the $109,500 zone. BTC was able to climb above the $110,000 and $110,500 resistance levels. The price cleared the 61.8% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price even surpassed the $112,000 resistance zone. Besides, there is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Moreover, the price is now consolidating near the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $112,800 level. The next resistance could be $113,450. A close above the $113,450 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,000 level. The main target could be $115,500. Another Pullback In BTC? If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,500 level. The first major support is near the $110,500 level. The next support is now near the $110,000 zone. Any more losses might send the price toward the $109,250 support in the near term. The main support sits at $108,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $111,500, followed by $110,000. Major Resistance Levels – $112,500 and $113,450.
American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on Wednesday under the ticker symbol “ABTC.” This launch marks the Trump family’s second digital asset debut in less than a week, following World Liberty Financial’s WLFI token launch on crypto exchanges on Monday. American Bitcoin Shares Jump 90% In a press release, Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the listing as a “historic milestone,” emphasizing the company’s mission to integrate Bitcoin into the core of US capital markets. In line with President Donald Trump’s pro-crypto agenda, which has created a more accommodating environment for the growth of digital assets in the country, Eric expressed ambition for the US to lead the global Bitcoin economy. Related Reading: One Major Reason Bitcoin Hasn’t Reached $150,000, According To Trump’s Crypto Advisor Initially launched as a subsidiary of Hut 8, a publicly traded Bitcoin mining firm, American Bitcoin began trading at $6.90 per share following an all-stock merger with Gryphon Digital Mining. The ABTC stock experienced a remarkable surge, rising as much as 90% toward its current record of $14.52 in its first hour of trading, although it later settled to over a 40% increase, trading at $9.21 per share. Asher Genoot, executive chair of American Bitcoin and CEO of Hut 8, stated that the company aims to foster rapid growth in Bitcoin shares by leveraging its mining capabilities and Hut 8’s robust energy and digital infrastructure. Trump Family Expands Crypto Portfolio The listing of American Bitcoin is one of several similar moves by the Trump family in the digital asset space, following the approval of trading WLFI in August and its subsequent debut on exchanges such as Binance. The WLFI token experienced typical market reactions, spiking initially toward a new record of $0.47 before stabilizing close to its listing price between $0.20 and $0.22 for the last few days. According to CoinGecko data, World Liberty Financial has quickly climbed to become the 35th largest cryptocurrency by market capitalization, reaching a valuation of nearly $6 billion in record time. Related Reading: WLFI: The Next Cult Coin? Analyst Outlines Potential For Explosive Growth Current valuations suggest that their holdings in World Liberty Financial tokens could be worth around $5 billion, positioning them as one of the family’s most valuable assets. The Trump family’s financial interests in the cryptocurrency realm have garnered considerable attention, encompassing a range of projects from World Liberty tokens to a memecoin associated with President Trump himself launched in January. Eric Trump recently remarked that crypto has been “probably the most rewarding venture of my entire life,” reflecting his enthusiasm for the digital currency landscape. At the time of writing, Bitcoin is trading at $112,159, marking a modest 1% increase within the last 24 hours. Compared to the cryptocurrency’s record price of $124,100, the current price is 9% lower. Featured image from DALL-E, chart from TradingView.com
Bitcoin financial services firm River says private businesses have accumulated 84,000 Bitcoin in 2025 amid a year of regulatory clarity and a strong bull market.
BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global payment rails. In his September 2 “Chairman’s Message,” the Fundstrat co-founder centers the analysis on the ETH/BTC cross and a year-end Bitcoin anchor of $250,000, using a slide-based grid to translate ratio levels into ETH spot targets—and then extends the calculus to a $62,500 scenario if Wall Street’s settlement stack migrates to Ethereum. Why Ethereum Could Soar To $62,500 “The 8-year average Ethereum to Bitcoin ratio is 0.04790 and it’s currently 0.0432, meaning we’re below the long-term average. The all-time high in this ratio was 0.0873,” Lee says. “Of course, it started off higher, but I’m talking about the 2021 all-time high. So, we think that not only should Ethereum recover to the long-term average, it should probably get to the all-time high ratio and arguably exceed it as we start talking about Ethereum acting as the chain for both Wall Street to build its payment rails and the financial system as well as AI.” Related Reading: Ethereum Price Stuck In ‘Loading Phase’, What This Means For The Campaign For $5,000 He then walks through the core exhibit. “So, let’s think about what that means for price. I have a grid here. On the left side is Bitcoin price levels and then going across are various levels of the Ethereum to Bitcoin ratio. Our year-end target—this is from the Fundstrat side—for Bitcoin is $250,000. And if you look at the average, okay, then you can see the range of prices for Ethereum using this ratio and different levels of Bitcoin. And here’s the 2021 high. And as you can see, at a $250,000 Bitcoin, you get to somewhere between $12,000 and $22,000 value per Ethereum token.” The slide shows: if BTC runs to $250K and ETH just trades at the average ratio, it implies ~$12,000; if ETH recovers its 2021 ratio high of ~0.087, that jumps closer to ~$22,000. “But that’s just a ratio recovery,” Lee continues. “If you look at the replacement cost of payment rails and the banking system, that gets you to an implied value of Ethereum of around $60,000. And that puts the ratio at roughly 0.250 Ethereum to Bitcoin ratio. And as you can see, that’s how you get to $62,500 per Ethereum token. So plenty of upside.” Lee frames this ratio-first math within a broader structural thesis that Ethereum is entering a “1971 moment” for finance, as real-world assets are synthesized into on-chain instruments and stablecoins expand as digital base money. The near-term numerical anchor is the 0.0432 ETH/BTC print sitting below the 0.04790 eight-year mean; the medium-term objective is a reversion toward, and potentially beyond, the 2021 high he cites. The grid translates those waypoints into discrete ETH prices at a fixed Bitcoin reference, which is why Lee emphasizes both variables in tandem rather than an ETH-only trajectory. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says Beyond the grid, Lee argues that Ethereum captures the greatest share of tokenized financial activity and that its proof-of-stake economics align with how regulated institutions pay for security and uptime today. In his telling, banks and market operators already fund siloed infrastructure stacks; staking ETH to secure common rails could substitute that spend while returning a native yield, an incentive he says pushes the ETH/BTC ratio higher as risk capital and cash flows migrate. This is also where the “replacement-cost” view feeds into the $62,500 outcome: if Ethereum becomes the settlement substrate for payment networks, tokenized credit and equity, and AI-linked data rights, the market should price ETH on the value of the rails it replaces rather than only on historical multiples or cycle heuristics. The message also situates BitMine’s corporate blueprint inside that macro arc. Lee describes BitMine as an Ethereum treasury business built to compound ETH per share through five levers—equity issued above NAV, equity-linked volatility monetization, operating cash flows, staking rewards, and M&A for treasuries near NAV—arguing that proof-of-stake turns an ETH balance sheet into an income-producing infrastructure asset. Lee’s math makes the dependencies explicit: a Bitcoin anchor around $250,000 and an ETH/BTC advance first to the long-term average (~0.048), then toward the 2021 peak (~0.0873), and, in the replacement-cost scenario, to ~0.25. The first two steps imply ~$12,000–$22,000 ETH on his grid; the third defines the $62,500 “skyrocket” case tied to financial-plumbing migration and AI-era settlement on Ethereum. As he puts it: “That’s how you get to $62,500 per Ethereum token.” At press time, ETH traded at $4,377. Featured image created with DALL.E, chart from TradingView.com
QCP flags governance risk and a softer dollar as tailwinds for hedges like BTC and gold, but Flowdesk’s options desk and Polymarket traders point to ETH as the market’s upside play into September.
In a recent post on X, crypto analyst Pumpius argued that the recent drop in XRP’s price is not natural but the result of deliberate actions by Binance. According to him, the exchange wants to protect its position because the digital currency poses a threat to the system it has built over the years. He says the exchange is doing more than just selling tokens; it is working to hold XRP back. Binance Accused Of Coordinating XRP Price Suppression Pumpius says Binance is not only selling XRP but is also actively manipulating the market around it. He points to sudden drops in liquidity, heavy waves of sell pressure, and red flashes on charts that appear whenever there’s an announcement of positive Ripple news. He claims this is not a coincidence but evidence of coordination and a strategy to keep XRP from breaking out. Related Reading: Dogecoin Price Set For Explosive Rally If This Structure Holds The analyst stresses that the real reason Binance targets XRP is that it is different. XRP is not a meme or speculative bet but a payment infrastructure. Pumpius argues it could replace the liquidity pools that Binance has used for years, and if that happens, the exchange’s market-making business could crumble. He also warns that it is not only Binance that is involved. According to him, powerful investors, legacy financial players, and offshore networks all see XRP as a threat. He says that because XRP runs on transparent rails, it could expose money flows they prefer to keep hidden. Therefore, price suppression becomes their primary tool to slow down the process. Why Suppression Could Backfire As XRP Price Fundamentals Strengthen Despite these heavy claims, Pumpius argues that the pressure on XRP may backfire. The crypto expert points to Ripple and its ecosystem, noting that the fundamentals are strengthening every day. New payment corridors are opening in Japan and the UAE. Projects such as DNA Protocol are using the XRP Ledger to anchor IDs and even genetic data. Related Reading: Crypto Adviser For The Ultra Wealthy Tells XRP Investors What To Do As Coins Turn To Real Money Pumpius believes this shows the suppression is artificial. The fundamentals are exploding, he says, while the adverse price action comes from deliberate dumping. He adds that every time Binance sells, more XRP moves into self-custody wallets. Instead of weakening the community, this decentralizes the asset even more. Holders are preparing for the day when real utility drives demand at a scale far beyond speculation. In his view, when that switch flips, Binance’s paper games will be meaningless compared to trillion-dollar settlement flows. He warns that the exchange may think it is winning now, but it’s only exposing the truth about the digital currency. XRP, he says, is not just a trader’s coin. It is the backbone of a new financial order. And according to him, no amount of dumping can stop already living rails. Featured image from Dall.E, chart from TradingView.com
Shared security protocols are positioning themselves as solutions to infrastructure challenges that have complicated institutional blockchain adoption due to unified security layers’ potential ability to reduce development costs and technical barriers for enterprises. According to Symbiotic CEO Misha Putiatin, the shared security model allows organizations to leverage existing blockchain security infrastructure rather than building custom […]
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Researchers posing as children on Character AI logged 669 harmful interactions in 50 hours, including grooming and drug offers.
Bitcoin (BTC) scored an average trust rating of 4.67 on a 10-point scale across 25 countries, according to a survey released by Cornell Bitcoin Club on Sept. 3. The survey reveals significant regional variations in perceptions of cryptocurrency. Nigeria led global Bitcoin trust levels, while Japan recorded the lowest scores among surveyed nations. BTC consistently […]
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Despite $300 million in spot ETH ETF outflows, healthy derivatives and institutional investor activity keep Ether’s $5,000 path intact.
Anchorage Digital has added custody and staking for Starknet’s STRK token, expanding the token's utility for institutional investors in the US.
In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that “market participants should have the freedom to choose where they trade spot crypto assets.” CFTC Acting Chair Caroline Pham echoed his sentiment, noting that the era of mixed signals on crypto regulation “is over”. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Crypto Regulations Boost Investor Confidence and Market Transparency Until now, uncertainty around regulatory guidance forced many U.S. exchanges to avoid spot crypto listings, even as global rivals advanced. The new framework provides long-awaited clarity, allowing spot Bitcoin and Ethereum trading to sit alongside traditional equities and futures. Exchanges registered with either the SEC or CFTC will be required to uphold strict compliance standards. This includes stronger custodial protection, data-sharing agreements, and closer market surveillance to curb manipulation and fraud. Regulators also stressed the importance of transparent pricing and clearing mechanisms to safeguard investor trust. For everyday traders, spot crypto means instant ownership of digital assets at market price, making the process more straightforward than derivatives trading. Analysts believe this clarity could attract institutional players, deepen liquidity, and accelerate mainstream adoption. A Milestone for U.S. Crypto Leadership The joint decision builds on the SEC’s Project Crypto and the CFTC’s Crypto Sprint, both launched to align digital asset oversight with the recommendations of the President’s Working Group on Digital Assets. By acting together, the agencies are signaling Washington’s determination to make the U.S. a global hub for regulated crypto markets. Industry leaders see this as a watershed moment. According to Alexander Blume, CEO of Two Prime Digital Assets, “This effectively gives U.S. exchanges the green light to support spot trading in top digital assets, connecting crypto with markets where trillions already flow.” Related Reading: Strategy Expands Bitcoin Treasury: $450 Million Purchase Sends Total Holdings To New Highs With the SEC and CFTC aligned, U.S. exchanges now have a clearer path to expand offerings, bringing crypto closer to Wall Street and signaling the start of a new era for DeFi. Cover image from ChatGPT, BTCUSD chart from Tradingview
Bitcoin’s largest investors are steadily reducing their exposure, with data showing a direct link to profit-taking during the recent rally. Glassnode reported on Sept. 3 that wallets holding between 100 and 10,000 BTC now average just 488 BTC—the lowest level since December 2018. According to the firm, this decline marks a continuation of a trend […]
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The Bitcoin miners grew BTC output in August while expanding their operational hash rates more than 100% year-over-year.
Publicly traded Portage Biotech is shifting gears, launching a crypto treasury for the Telegram-linked TON and taking the name AlphaTON.
American Bitcoin Corp. (ABTC), backed by Donald Trump Jr. and Eric Trump, filed with the Securities and Exchange Commission (SEC) on Sept. 3 seeking to raise $2.1 billion through share sales. The filing follows a volatile Nasdaq debut that saw ABTC stock surge 91% in one hour before crashing lower than the opening price by […]
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The crypto exchange could compete with Coinbase, though its stock now is overpriced, analysts at the investment bank said.
Amid the US set to implement a stablecoin framework after passage of the GENIUS Act, EU officials are looking at the implications of foreign-issued stablecoins.
Ethereum’s on-chain activity has reached a new milestone and recorded 1.8 million daily transactions. This unprecedented level of network usage showcases the vitality of the world’s leading smart contract platform and also underscores the effectiveness of its multi-layered scaling strategy. What This Milestone Represents In The Context Of A One-Year High A pivotal shift is underway in the crypto market, and the on-chain data for Ethereum tells the story. As market analyst Onur highlighted on the social media X platform, Ethereum hit a monumental milestone last month with 1.8 million daily transactions. This milestone marks a one-year high, signaling a dramatic increase in genuine network utility. Related Reading: Ethereum Supply Shock? Binance ETH Reserves Dip As Demand Gains Traction At the same time, a remarkable 30% of the entire ETH supply is now locked in staking, which shows the conviction of long-term holders has never been stronger, and demonstrates a powerful commitment to hold and earn rather than sell. Instead of rotating out of positions, capital is doubling down on the yield and security framework that Ethereum uniquely provides. This trend is further supported by the Securities and Exchange Commission’s (SEC) guidance on liquid staking. However, this is being widely interpreted as a critical step toward an ETH Exchange-Traded Fund (ETF) with staking built in, and a structural shift that could change how institutions allocate into ETH. As these fundamental drivers gain traction, Bitcoin’s market dominance has noticeably declined from 60% to 57% in August, a subtle but important move that highlights capital rotation into ETH and other assets. Institutional Ethereum Accumulation Signals Long-Term Confidence While Ethereum is showing strong on-chain activity, rising staking participation, and a supportive regulatory backdrop, it is a clear sign of deepening institutional conviction that a flood of Wall Street capital is now flowing into Ethereum Spot ETFs. Crypto educator and market analyst CryptoBusy mentioned that the latest 13F filings reveal a significant and accelerating shift in how major financial players are viewing ETH. Related Reading: VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises Leading the charge is Goldman Sachs, which has established a commanding position with $721 million in exposure, adding a massive 160,072 ETH to its holdings. This is part of a broad-based institutional embrace. Giants in the quantitative and multi-strategy hedge fund space, including Jane Street, Millennium, Capula, Schonfeld, and D.E. Shaw, are all actively stacking their Ethereum positions. Furthermore, a wide range of asset managers, such as BlueCrest, Logan Stone, and Elequin HBK, have boosted their holdings, providing further evidence of a systemic shift. These Wall Street firms are locking ETH into balance sheets as a long-term strategic asset, cementing its status as the default crypto backbone. Featured image from Adobe Stock, chart from Tradingview.com
With their pivot to crypto, Eric and Donald Trump Jr. have managed to significantly expand their public profiles as entrepreneurs.
Ether supply on centralized exchanges has plunged around 38% since 2022, as billions flow into spot ETFs and corporate treasuries ramp up their ETH holdings.
Arbitrum, the largest Ethereum layer-2 protocol, has launched a new initiative designed to channel liquidity into decentralized finance. The DeFi Renaissance Incentive Program (DRIP), announced on Sept. 3, will allocate up to $40 million in rewards to users performing targeted on-chain actions rather than simply generating attention. The program, structured by Entropy and powered by […]
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While Fed Governor Lisa Cook attempts to argue against her dismissal in court, the central bank said it will hold an October event to address innovation in payments.
Cardano’s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to publish official economic data on public blockchains. Blockchain networks like Ethereum, Solana, Avalanche, and Optimism made the cut; Cardano didn’t. Hoskinson revealed during a YouTube AMA that the reason wasn’t technical or regulatory, but it was grounded in economics. Specifically, he said the integration fee quoted by Oracle specialist Chainlink was absurd, which made Cardano’s participation really unfeasible. Chainlink’s Absurd Fee As one of the biggest blockchain ecosystems, Cardano’s inability to participate in the US government’s recent blockchain initiative to bring macroeconomic data onto the blockchain took many crypto participants by surprise. However, while speaking at a recent surprise AMA on his YouTube channel, Cardano founder Charles Hoskinson says the reason boils down to money. Related Reading: Is XRP Coming To Cardano? Founder Sparks Speculation After Midnight Airdrop According to Hoskinson, the main reason was due to its pending partnership with Chainlink’s oracle integration, which is yet to be finalised because of the absurd fee charged by Chainlink. Hoskinson did not shy away from strong language: “They gave us an absurd number for integration. I said ‘f– it, we’ll handle it. We’ll figure it out,'” he said. Despite the frustration, he tempered his critique with respect. He described Chainlink co-founder Sergey Nazarov as “extremely smart” and “a very good businessman”, someone who “sees the future” and, in Hoskinson’s words, is “sitting on a golden egg”. Chainlink’s oracle solutions are very important for connecting smart contracts to real-world data. As such, Hoskinson’s metaphor acknowledges Chainlink’s powerful position in the blockchain ecosystem. How It Stalls Cardano’s DeFi Growth Without a cost-effective oracle integration, Cardano’s decentralized finance landscape has struggled to keep pace with other blockchain ecosystems. To put this into perspective, Ethereum’s integration with Chainlink has allowed large inflows into its DeFi ecosystem, with about $13.4 billion in Total Value Locked (TVL) added from between August 2 ($78.222 billion) and August 31 ($91.595 billion), according to data from DeFiLlama. Related Reading: Cardano Price To Rise 300% To $4? Analyst Reveals When Meanwhile, Cardano’s TVL broke below $400 million in August, and daily active addresses have also fallen massively. At the time of writing, Cardano’s TVL is sitting at $367.91 million. The result is a disconnect between Cardano’s on-chain activity and ADA’s price action, which witnessed a steady increase in August alongside the rest of the crypto market. Nonetheless, Hoskinson is still optimistic. Talks with Chainlink are ongoing, and he’s determined to find common ground with Chainlink. He also revealed discussions with the team behind the USD1 stablecoin and hinted at potential collaboration with Aave, which he described as part of a bundle. If USD1 (already launched on Ethereum, BNB, and Tron) comes to Cardano, it could become the ecosystem’s largest stablecoin. Combine that with oracle access and lending support from Chainlink, and Cardano could strengthen its DeFi foundations significantly. At the time of writing, Cardano is trading at $0.8307, up by 1.1% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
ETH rallied closer to $4,500, but muted futures activity and a unique technical setup have traders unsure about whether the rally is sustainable.
Billionaire investor Ray Dalio said the U.S. is nearing the late stages of a debt cycle that threatens the dollar’s role as the world’s reserve currency, a shift that he believes could boost demand for Bitcoin, gold, and other limited-supply assets. Dalio, founder of Bridgewater Associates, released the comments after accusing the Financial Times of […]
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Fast fashion giant Shein scrambles after eagle-eyed shoppers spot Luigi Mangione's AI-generated face modeling a shirt.