Gryphon’s rising share price comes as more crypto companies go public and digital asset regulation in the United States has progressed.
Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Related Reading: $160K Bitcoin By Christmas? Analysts Say It’s Still Possible Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed levels near $4,600. The minting stood out because it often signals ready cash that can be deployed quickly into exchanges and trading desks. Tether Minting Sparks Liquidity Flows New USDT issuance is frequently used to fund purchases, and the 1 billion issuance was flagged by on-chain trackers as a likely source of fresh buying power. Santiment and other trackers show that the number of addresses holding at least 1,000 BTC rose by 13 to about 2,085 since the start of August. At the same time, wallets holding at least 10,000 ETH increased by 48 to roughly 1,27. On August 26, US spot ether ETFs recorded about $450 million in net cash inflow, led by BlackRock’s ETHE with roughly $320 million that day. That pushed cumulative inflows into spot ether ETFs to near $13.30 billion, while US spot Bitcoin ETFs took in about $88 million with BlackRock’s IBIT posting roughly $45 million. The freshly minted USDT could be used by traders and desks to buy into Ether and other altcoins, matching the observable rotation from Bitcoin into alternative assets and ETF-linked demand. Whale Accumulation Intensifies Large holders were not the only sign of demand. Trading volumes and price moves showed altcoins gaining traction, but it was the flow of stablecoins that underpinned the story. When stablecoin supply rises, it lowers the friction for big buys: money can be moved to exchanges and executed faster than waiting for bank transfers. That operational detail helps explain why a billion mint draws attention even when headline prices are already climbing. The immediate effect of the mint was to give traders extra readily available cash. But liquidity injections are a two-sided event. They can push prices higher if buyers are aggressive, while concentrated buying and later profit-taking can cause sharp swings. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details What Tether Minting Could Mean For Markets Market observers are watching liquidity, whale wallets, and ETF flows together because the mix determines whether a sustained capital rotation into altcoins will follow or if gains will be short lived. Tether’s 1 billion USDT mint was the clearest single signal of added spending power during Wednesday’s rebound. That supply, paired with heavy inflows into Ether ETFs and signs of whale accumulation, creates a setup where altcoin demand can grow quickly. Featured image from Meta, chart from TradingView
The Solana Policy Institute (SPI) has pledged $500,000 to the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev, according to an Aug. 28 statement. Storm and Pertsev helped create Tornado Cash, an Ethereum-based privacy protocol that allows crypto transactions to be mixed and anonymized. After deployment, the developers relinquished control of the […]
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Web3 startup aPriori has raised a total of $30 million to expand its onchain trading platform as institutional DeFi demand grows.
21Shares filed an S-1 for a SEI ETF with Coinbase Custody, aiming to track SEIs performance. SEI traded at $0.29 at press time.
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The company, formerly known as Iris Energy, posted revenue of $187.3 million, net income of $176.9 million, and EBITDA of $241.4 million.
The same day stablecoin capitalization reached $280 billion, startups M0 and Rain announced nearly $100 million in new funding rounds for programmable money.
Hut 8 CEO Asher Genoot told Reuters that American Bitcoin’s merger with Gryphon Digital mining is nearly complete.
Shiba Inu (SHIB) is experiencing renewed interest after fresh data revealed a massive 300% spike in on-chain activity. The meme coin recorded one of its most significant surges in transaction volume in months, indicating a possible sign of the market bottoming as large holders seemingly prepare for the next leg. Shiba Inu Sees Explosive On-Chain Growth Shiba Inu’s on-chain activity has erupted in recent days, with token transfer volumes recording a major increase. According to Etherscan’s data, on August 25, SHIB’s transfer volume surged over 4.25 trillion tokens, representing a 300% increase from the 1.13 trillion recorded the previous day. This sudden rise highlights renewed liquidity flows and investor participation, possibly signaling that Shiba Inu may be gearing up for a market bottom. Related Reading: Shiba Inu 699,000% Imbalance: What Happened To Trigger It? Interestingly, despite the dramatic surge in volume, transaction counts did not follow the same upward trend. Data shows that while August 24 saw 5,478 transfers, the number slightly declined to 5,355 on August 25, marking a drop of 123 transactions. This disparity suggests that the spike in Shiba Inu’s on-chain volume was not driven by a higher number of transfers, but rather by larger transaction sizes, indicating renewed whale activity or significant reallocations within the ecosystem. As of August 27, SHIB’s transfer volume slightly cooled to 3.26 trillion tokens, with transaction counts dropping significantly to 4,811. Despite this reduction, the metric still reflects a strong level of on-chain engagement compared to prior weeks. With the Shiba Inu price currently consolidating around the $0.000012 range, the recent surge in transfer volume may suggest that the market is finding its floor before the next expansion phase. Analyst Says SHIB’s Consolidation May Be Ending A new chart analysis by crypto market expert Kamran Asghar has added a fresh layer of optimism for Shiba Inu holders. Sharing his insights on X social media, Asghar hinted at the possibility that SHIB’s long-term consolidation may be coming to an end. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs The analyst noted that Shiba Inu’s accumulation pattern is strikingly similar to those of previous consolidation phases that preceded massive price rallies. The accompanying chart shows three distinct accumulation zones in the meme coin’s history. The first occurred before its 1,154.2% rally in late 2021, while the second phase led to a 501.23% surge in early 2024. Now, Shiba Inu is trading within an extended accumulation zone again, and Asghar suggests this could be the setup for another explosive move. If the current pattern holds, the analyst predicts that the next breakout could see the meme coin’s price skyrocket toward $0.00009, marking a new all-time high. As of writing, Shibua Inu is trading at $0.0000126, meaning a rally to this projected target would represent a significant increase of approximately 614%. Featured image from Getty Images, chart from Tradingview.com
The Commodity Futures Trading Commission (CFTC) announced on Thursday that it is further aligning with President Donald Trump’s agenda to welcome back crypto investors in the United States. The CFTC’s division of market oversight issued an advisory to the foreign board of trade (FBOT) regarding crypto exchanges not legally registered in the U.S.. According to …
ChatGPT still leads the pack, according to a new ranking—but Google’s Gemini and Elon Musk’s Grok are closing in as the AI ecosystem matures
The change is part of the Commodity Futures Trading Commission's “crypto sprint,” an initiative to overhaul regulations in response to proposals from the Trump administration.
US tokenized treasury products reached a new all-time high of $7.45 billion on Aug. 27, surpassing the previous peak of $7.42 billion registered on July 15. According to rwa.xyz data, the milestone caps a 14% recovery over two weeks following a market correction that bottomed out at $6.51 billion on Aug. 13. The tokenized treasury […]
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Gold climbed nearly another 1% on Thursday to just below $3,500 per ounce.
Former FTX legal advisors argue they provided routine services and knew nothing about the exchange's multi-billion dollar fraud scheme.
Ether traders say a multi-year bullish cycle has begun, with $10,000 as the desired target.
Bitcoin is entering a phase of unusual calm, with price volatility dropping to some of its lowest levels in years. For many analysts, this reduced volatility is not a sign of weakness; rather, it’s a sign of strength. If this trend continues, the groundwork could be laid for a sustainable bull run fueled by Bitcoin’s growing reputation as a long-term store of value. Can Reduced Volatility Redefine Bitcoin’s Market Identity? Bitcoin is entering a new phase in its market evolution. As highlighted by CryptoRank_io on X, the world’s leading cryptocurrency has seen its volatility steadily decline in tandem with the growth of its market capitalization. This trend suggests that Bitcoin is maturing from a speculative, high-risk asset into a more stable, long-term investment vehicle. Related Reading: Bitcoin Breakdown in Motion – Bounce Trap Or Deeper Bear Market Warning? Such a shift toward stability could significantly impact how Bitcoin evolves in the years ahead, rather than the explosive, parabolic rallies and brutal corrections that have historically defined BTC’s price action. The lower volatility suggests that the next phase of growth may come in the form of steadier and more sustainable increases with shallower pullbacks. This is a crucial development for institutional investors and major funds. Traditional finance prefers assets with predictable risk profiles, and Bitcoin’s reduced volatility makes it far more attractive for large-scale allocation. BTC’s market structure signals bearish sentiment despite rising open interest. According to Luca, the Bitcoin market is showing signs of tension. Since BTC topped out in mid-August, a clear divergence has emerged between Open Interest and Funding Rates. While Open Interest has been steadily climbing, indicating that more positions are being opened, Funding Rates have been trending lower. This setup suggests that bears are doubling down and loading up on short positions in anticipation of further downside. Traders seem to be betting that the latest move lower is just the beginning, especially as BTC heads into September, which is a historically weak month for Bitcoin. Luca noted that this aligns with his previous observations, suggesting that the market may continue to favor bearish positioning in the near term. Sideways Movement Highlights Bitcoin Stability Daan Crypto Trades also revealed that Bitcoin has largely been consolidating over the past few months, showing sideways price action compared to the Standard & Poor 500 (S&P 500). BTC is only up around 10% vs the 2021 all-time high in relation to stocks in 2021. Related Reading: Bitcoin 10% Off Its Highs—But Hidden On-Chain Data Tells a Different Story The trend highlights that the cryptocurrency has yet to replicate the dramatic gains seen in previous cycles. Daan points out that the S&P 500’s performance during this period has been significantly boosted by the surge in AI-related developments, which accelerated equity market gains. Featured image from Getty Images, chart from Tradingview.com
DYdX is recovering from an up-and-down 2024, where the DEX laid off 35% of its workforce in October.
Support has formed in the $3.90-$3.91 zone, with resistance at $4.02.
American fintech Rain, which issues cards backed by stablecoins, has raised a total of $88.5 million.
Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South […]
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Pyth Network (PYTH) price is enjoying its moment in the spotlight after the token spiked nearly 70% in less than 24 hours, following news that the U.S. Department of Commerce selected the project to distribute official economic data—such as GDP and inflation figures—directly on-chain. The announcement has been hailed as a landmark in blockchain adoption, …
The crypto market is paying close attention after one of the most famous early Bitcoin voices shared a bold view on XRP. Davinci Jeremie, who gained notoriety for advising people to buy Bitcoin at just $1 back in 2013, has now issued a strong forecast for XRP, noting that the token’s chart displays a healthy structure and a bullish pattern. Davinci Jeremie Maps XRP Price Path To $4.93 With Fibonacci Levels In his detailed breakdown, Jeremie focused on XRP’s recent movements and the structure forming on its chart. He pointed to a clear W-shaped pattern as a bullish signal. According to him, the market action that pushed XRP higher in recent weeks appeared to be organic, with genuine investor activity providing support rather than artificial manipulation. Related Reading: Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming Jeremie explained that he used the Fibonacci extension levels to calculate possible price targets for XRP. He said the 1.618 level comes in at 4,555 Chilean pesos, but he believes the token could go slightly higher. His projection puts the token at 4,761 pesos, which converts to about $4.93. If this outlook materializes, XRP would not only maintain its current momentum but also surpass its previous all-time high of $3.65, which it met in July of this year. According to the analyst, XRP’s earlier moves in late 2024 appeared forced, with extreme jumps that raised doubts, but this newest action looks more natural and could carry further implications. He emphasized that the chart math and price behavior support the path to further bullish growth, while the token’s structure itself demonstrates clear strength. Bitcoin Maximalist Turns Bullish On XRP’s Market Structure What makes this analysis stand out even more is who it is coming from. Davinci Jeremie has long been regarded as a strong supporter of Bitcoin, often described as a Bitcoin maximalist. His early call for people to buy BTC when the price was at only $1 has given him lasting credibility in the cryptocurrency space. For that reason, his positive comments on XRP are being taken very seriously by many in the market. Related Reading: Rumored Ripple NDA Suggests Trump, BlackRock, And JP Morgan Are Working With XRP Ledger Jeremie emphasized that XRP’s moves from January to June formed a clean W formation on the weekly chart. He explained how the token reached a high of $ 3.40 in January, dropped to around $2.11 in April, rebounded to $2.60 in May, declined to near $2 in June, and then rallied strongly to surpass its January high. That sequence, he said, completed the pattern and opened the door for more gains. His change of tone shows that a strong market structure can override token bias. Even for someone who has close ties to Bitcoin, the health of XRP’s current chart was enough to spark a bullish outlook. Jeremie’s analysis suggests that more investors may start looking at XRP differently, seeing it as an asset with room to grow beyond old expectations. Featured image from Dall.E, chart from TradingView.com
Users will be able to execute USDT transactions directly on the Bitcoin network.
The U.S. derivatives regulator issued a "reminder" that foreign crypto firms registered with the CFTC as FBOTs can directly handle U.S. customers.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Chainlink (LINK) price rallied as much as 10% on Thursday to reach a range high of $26 before retracing to trade about $24.8 during the mid-North American session. The large-cap altcoin, with a fully diluted valuation of about $24.8 billion, recorded higher volatility during the New York session following the announcement of several high-impact news. …
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight issued an advisory on Aug. 28 clarifying foreign board of trade (FBOT) registration rules for non-US exchanges seeking to provide Americans with direct market access. Acting Chair Caroline Pham positioned the guidance as a remedy for trading activity that departed during previous enforcement actions. The […]
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The CFTC clarified on Thursday that non-U.S. exchanges have a path that allows Americans to trade on their platforms.
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