The blockchain analytics specialist has released a due diligence product for stablecoins that's tailored to banks and compliance departments.
Bullish, whose parent company Bullish Group is also the owner of CoinDesk, began trading on the New York Stock Exchange last month.
In an interview with Dutch host Paul Buitink published on September 4, Henrik Zeberg, Head Economist at SwissBlock, set out a two-stage roadmap for Bitcoin and crypto: a final, powerful “melt-up” driven by liquidity and momentum, followed by a dot-com-style bust that he says will be catalyzed by a surging dollar and tightening financial conditions. “We do have the largest bubble ever,” Zeberg said, arguing that equities, crypto and real estate will first climb further before the cycle turns. “The music is still playing and you can still get a drink at the bar,” he quipped, extending his Titanic metaphor to explain why he believes sentiment and macro signals have not yet turned decisively negative. Bitcoin, Ethereum To Soar Before Dot-Com Style Crash Zeberg locates the current moment late in the business cycle but not at the point of breakdown. He points to the absence—so far—of classic pre-recession triggers in yields, credit spreads and initial jobless claims. “A crash doesn’t come out of thin air,” he said. “We simply don’t see those signals just yet.” With global liquidity improving at the margin and the Federal Reserve already “pivoting” in tone, he expects a sharp upside phase reminiscent of Japan’s 1989 finale: a rising angle that steepens into a near-vertical blow-off. At the index level, he pegs the S&P 500’s terminal run at roughly 7,500 to 8,200 from around 6,400 today. Related Reading: Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018 Crypto, in his view, will amplify the move. Zeberg expects Bitcoin to lurch first to “at least” $140,000, then top somewhere in the $165,000 to $175,000 range before the bust begins. He projects Ethereum near $17,000 on the assumption that the ETH/BTC ratio can stretch to about 0.12 in a late-cycle altcoin phase. He stressed the path would be abrupt rather than leisurely: “When things are moving in crypto and into the final phase of a bubble, it can be very, very fast.” The fulcrum of his thesis is the US dollar. Zeberg is watching closely for a DXY bottom and then a surge to 117–120—“the wrecking ball” that, in his telling, would hammer risk assets as global dollar demand spikes. “If we’re going to see somewhat of a crisis, all this debt will need to be settled in dollars,” he said, calling the greenback “still the cleanest shirt,” even if it is “getting quite nasty.” In that scenario, liquidity preference overwhelms risk appetite, credit tightens and deleveraging begins—especially outside the US, where dollar liabilities collide with local-currency cash flows. He argues that monetary easing cannot ultimately forestall a cyclical turn once the real economy rolls over. Rate cuts may initially goose markets—“You’re going to see it running up really fast”—but then “the more wise people in the market” will infer weakness rather than salvation. He thinks the Fed will start with 25 basis points this month, while leaving open the possibility of a larger shock move. Either way, he sees a relatively short deflationary bust—“six to nine months” in one formulation—followed by policy panic and, on the other side, a stagflationary phase in which “the tools of the Fed will become impotent.” He was caustic about the profession’s inflation priors, skewering what he called the “hubris” of micromanaging CPI to exactly 2% and ridiculing the decision to award Ben Bernanke a Nobel Prize for what he described as “reinventing money printing,” calling it “the most stupidest thing I’ve ever seen.” Zeberg’s commodity framework slots into that sequence. He expects gold to do its “finest duty” during a liquidity crunch—get sold to raise cash—before it reprises 2008’s pattern with a steep drawdown, then a powerful recovery. He cited the 2008 analog of a roughly 33–35% peak-to-trough decline in gold and as much as 60% in silver before the policy response set a new leg higher. Related Reading: Bitcoin Flashes Rare Buy Signal Not Seen Since $49,000 And $74,000 Bottoms Secularly, however, he projects gold “into the 2030s” at as much as $35,000 per ounce as negative real rates, balance-sheet expansion and an eventual “monetary reset” reprice money. That reset, in his vision, would anchor a new settlement system on gold and ledger-based rails—“a digital element to it,” but “not Bitcoin.” Strategy: The Largest Ponzi In The Market? On single-name risk, Zeberg delivered one of the interview’s most incendiary lines about Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin. “I think we have the largest open Ponzi game when it comes to MicroStrategy,” he said. “Everybody needs to pile into the stock, then he can take on some more debt and he buys more Bitcoin.” He tied the firm’s vulnerability to his macro template: if DXY heads to 120 and “the largest bubble in the world, the Nasdaq,” suffers an 85%-type drawdown, “Bitcoin is going to have a really, really bad period—and then that means MicroStrategy is going to have that.” He called the structure “the largest house of cards we have seen in a long time” and warned that an unwind would be “really, really bad for people who think they can just hold on to it.” The characterization was his alone; he did not present evidence beyond his cyclical and balance-sheet logic, and his remarks were framed within his broader melt-up-then-bust scenario. Beyond headline tokens, Zeberg argued that “99%” of crypto projects will ultimately fail, with only a handful emerging like the Amazons that survived the dot-com washout. He distinguished between speculative coins and blockchain projects that deliver real-world utility, while cautioning that “this rampant speculation” has been prolonged by an era of easy money. As for timing catalysts, Zeberg downplayed the idea of a single trigger and instead described an environment that “becomes toxic” as high rates, falling real income and climbing delinquencies pressure banks and corporates. He is monitoring front-end yields—which he says have begun to “break some levels”—credit spreads, and the dollar’s turn. He also noted that large-cap tech’s earnings concentration has “distorted” the market and that even quality small-cap tech is likely to be dragged lower in an indiscriminate unwind. The first stage, however, remains higher. “It’s a self-propelling cycle,” he said of the melt-up, powered by FOMO and the belief that “the Fed has got our back.” At press time, BTC traded at $111,528. Featured image created with DALL.E, chart from TradingView.com
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy. According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain. If the plan […]
The post Tether eyes deeper dive into gold with new $100 million investment amid market boom appeared first on CryptoSlate.
Sora Ventures said the fund is backed by an initial capital commitment of $200 million from institutional partners across Asia.
From BitMine’s massive 1.5 million ETH reserve to Coinbase’s dual-purpose holdings, corporate treasuries are rewriting the Ether playbook in 2025.
Sun said his WLFI pre-sale allocation was “unreasonably frozen” in a move that could damage the reputation of the Trump-family-linked decentralized finance platform.
Tether is planning to expand its gold investments beyond holding $8.7 billion in gold bars. The company aims to invest in gold mining, refining, trading, and royalty businesses to strengthen its backing and diversify its assets. In June, Tether bought a $105 million stake in the Toronto-listed Elemental Altus royalty company and recently added $100 …
The Taiwan-based VC firm said it has secured $200 million in initial commitments from regional partners and investors.
Sun called for World Liberty Financial to remove his WLFI tokens from a blacklist, arguing they were "unreasonably frozen."
The XRP price is still showing bullish momentum despite the previous wave of downtrends. After falling below $2.8, a quick bounce was able to reclaim this level once again as support, putting it on a path lined with further gains. With the formation of an ascending trendline, the XRP price may be sitting on a ticking time bomb primed for explosion, and this would send it back toward its July peaks as bulls find their way back into the market again. XRP Price Breakout Could Notch 20% Gains The analysis from CMF Trading Point shows that the XRP price is at a critical level after the formation of an ascending trend line. This trend line has always been bullish, and with the return of bulls, it might be as bullish as it gets. Given this, the crypto analyst has given a reasonable target for where the XRP price could be headed next. Related Reading: Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time? Since the price is currently needling around the $2.82 level, it shows that there is still strength after the bulls reclaimed the $2.8 support. If this level holds and the ascending trendline breakout is completed, then the first target from here is for the XRP price to reach $3. Once this first target is achieved, then the price can quickly move on to the next target, which lies at $3.40. A completion would mean a 20% total increase, while still providing room for a possible continuation. If momentum holds, it could set the XRP price on a path to new all-time highs. What Happens If The Ascending Trendline Fails To Hold? In the event that the ascending trendline fails and the XRP price falls further, then it could spell a period of downtrend for the cryptocurrency. The analyst explains that the XRP price actually needs to stay above $2.20-$2.25 for the bullish breakout to remain valid. Otherwise, it would mean trouble. Related Reading: Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why A breakdown below this level would trigger the start of another downtrend that could send the price spiraling toward $2. If sell-offs continue to pile on at this level, then XRP could crash below $2, leading to another bear market. Featured image from Dall.E, chart from TradingView.com
Company holds 52,477 BTC, advances Texas wind farm and European growth while shares face year-to-date decline.
Bitcoin’s relief bounce above $112,000 liquidated shorts as analysts said BTC price may get an additional boost from the US jobs report.
Lost your seed phrase or crypto wallet password in 2025? You’re not alone. Recovery might still be possible.
Tether's CEO Paolo Ardoino referred to the precious metal as "bitcoin in nature," in a conference speech in May.
World Liberty Financial’s native token staged a comeback after the project blacklisted Tron founder Justin Sun’s token holdings of 595.109 million WLFI tokens. Sun remarked, “As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal […]
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Thumzup Media Corporation, backed by Donald Trump Jr., revealed in a shareholder letter that it has purchased $1 million in Bitcoin and authorized further investments in DOGE, LTC, SOL, XRP, ETH, and USDC. The company is also entering the mining space, signing a definitive deal to acquire 2,500 Dogecoin miners, with an option to add …
At Taipei Blockchain Week, Sora Ventures introduced Asia’s first $1 billion Bitcoin Treasury Fund. Starting with $200 million in commitments, the fund plans to purchase $1 billion in Bitcoin within six months. Its goal is to promote and grow corporate Bitcoin treasury strategies already used by companies like Metaplanet, Moon Inc., DV8, and BitPlanet. With …
“A $100K+ floor makes Bitcoin feel less like a high-beta trade and more like a global reserve asset in the making,” one observer said.
Trump-backed DeFi project World Liberty Financial has blacklisted an address linked to Justin Sun after it reportedly transferred some of its WLFI tokens, sparking allegations of market manipulation. Related Reading: Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results World Liberty Financial Blacklists Justin Sun On Thursday, World Liberty Financial reportedly blacklisted the Tron founder’s address following his recent movements of his WLFI holdings and multiple online accusations that he was selling. According to Arkham data, Sun claimed 600 million WLFI tokens at the Token Generation Event (TGE), valued at $200 million at the time, as 20% of the 100 billion tokens were unlocked. The Tron founder was one of the earliest investors in World Liberty Financial in 2024 and was recognized as the top holder of US President Donald Trump’s official memecoin, TRUMP, earlier this year. On September 1, he shared his conviction on the token, affirming that WLFI “will be one of the biggest and most important projects in crypto.” He also stated that he had “no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.” Nonetheless, multiple on-chain analysis platforms revealed that Sun had started to move his unlocked tokens, sparking rumors that he was selling. On-chain data showed that he had sent 4.9 million WLFI to crypto exchange HTX, owned by the Tron Founder, over the past two days. Sun reportedly transferred 50 million tokens, worth $9.12 million, to a new wallet on Thursday morning, “likely to be deposited into HTX.” Meanwhile, Wu Blockchain noted that over the past 32 hours, HTX address “HTX 48” transferred approximately 60,000,000 WLFI tokens to Binance deposit address 0xf387D7…29FcB5. Sun Denies WLFI Selling Accusations Following the $9 million move, “World Liberty Financial’s controlling address 0x407F…5178 called the guardianSetBlacklistStatus function on the WLFI Token contract, blacklisting the address 0x5AB2…DA74, which is associated with Justin Sun,” Wu Blockchain explained. The action froze Sun’s unlocked and 2.4 billion locked WLFI tokens. Tron’s founder responded to the accusations on X, stating that his address just conducted “a few test deposits on exchanges with very low amounts, followed by an address distribution.” He added that these tests “did not involve any trading activities and could not have impacted the market in any way,” but did not comment on the blacklist. At the time of writing, World Liberty Financial has not addressed the situation. WLFI’s Price Hits New Low The news comes as WLFI’s price struggles just three days after launching. Earlier today, the token hit an all-time low (ATL) of $0.16 before bouncing to the $0.18 mark. This performance represents a 20% decline over the past 24 hours and a nearly 45% drop from its all-time high (ATH) of $0.33. Market watcher Daan Crypto Trades noted that the cryptocurrency has broken down from a triangle formation, where the price was compressing for the past two days. According to the trader, WLFI saw a “quick acceleration as expected” and “even gave a nice retest before the continuation down.” Related Reading: Bitcoin Attempts $111,000 Reclaim, But Last Leg Up Could Be Weeks Away – Analyst Meanwhile, analyst Ali Martinez suggested that te bottom might not be in, highlighting that the token now risks a 25%-50% drop after losing the $0.20 area as support. Featured Image from Unsplash.com, Chart from TradingView.com
Gemini users in the EEA are now able to stake Ether and Solana, as well as trade perpetual contracts denominated in Circle’s USDC.
Thumzup also said it is expanding its crypto treasury to include Dogecoin, Litecoin, Solana, XRP, ether and USDC.
There may be more to Bitcoin's latest correction from all-time highs than meets the eye — and bears stand to lose out within weeks.
BTC's upside gathered traction as options worth billions expired on Deribit.
The new staking service allows users to earn rewards on ether and solana with no minimum amount required.
Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in the direction opposite to each other. Correlation Coefficient Is Now Underwater For Bitcoin & Gold In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Correlation Coefficient between Bitcoin and Gold. The Correlation Coefficient is a tool from statistics that measures the relationship between two given variables over a given period, typically one month. In the current case, the variables are the prices of BTC and Gold. Related Reading: Dogecoin Signal That Nailed The Top Says It’s Time To Buy When the value of the metric is positive, it means the price of one asset is reacting to movements in the other by traveling in the same direction. The closer is the indicator to 1, the stronger is this relationship. On the other hand, the coefficient being under zero implies there exists a negative correlation between the two assets. That is, they are moving opposite to each other. The extreme point for this side lies at -1. There also exists a third case for the Correlation Coefficient: a level exactly equal to zero. Such a value indicates no correlation whatsoever exists between the assets. In other words, their prices are independent of each other. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coefficient Correlation for Bitcoin and Gold over the past year: As displayed in the above graph, the Correlation Coefficient between Bitcoin and Gold shot up to a high above 0.5 back in June, suggesting the assets’ prices were tied to some degree. Following this peak, however, the correlation between the assets began to weaken, with the metric’s value slipping down. For a while it maintained inside the positive territory, but recently, that has changed. Related Reading: Bitcoin Whales Cut Back: Average Holdings At Lowest Since 2018 Gold has seen a price rally while BTC has been facing bearish action, resulting in the Correlation Coefficient turning slightly negative. This is the first time since February that the indicator has gone underwater. For now, the two assets are almost independent, but it remains to be seen whether the negative correlation will continue to grow in the coming days. Gold is the traditional safe-haven asset, while Bitcoin is associated as its digital counterpart. Periods where the two assets diverge can challenge the narrative for BTC. BTC Price At the time of writing, Bitcoin is trading around $110,100, down almost 2% over the past week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Trader Brent Donnelly plans to place bids at lower price levels.
Despite market volatility and evolving investment tools, hodling remains the go-to strategy for Bitcoin believers in 2025.
Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1 (L1) blockchain, designed specifically around stablecoins, aims to streamline digital transactions and enhance payment efficiency. Stripe And Paradigm’s New Payment Solution Tempo emerges as part of a growing trend of Layer-1 blockchains dedicated to stablecoin integration, joining the ranks of initiatives like Circle’s Arc and Tether’s Plasma Layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM). Related Reading: ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ethereum Debut Its launch comes at a time when interest in cryptocurrency is surging, fueled by the Trump administration’s favorable stance towards the crypto sector and recent legislative progress, including Congress’s passage of the first stablecoin-focused bill, the GENIUS Act, in July. While established platforms like Ethereum (ETH) and Solana (SOL) have dominated the landscape, a new generation of payment-focused blockchains has reportedly emerged, promising rapid transactions and lower fees. These blockchains often utilize native tokens, such as Circle’s USDC or Tether’s USDT stablecoins, which are frequently traded on the Ethereum blockchain yet deployed across various networks. Despite the competitive environment, Tempo benefits from Stripe’s customer base. As one of the largest payment infrastructure providers globally, Stripe caters to a clientele that largely remains outside the crypto sphere. The advantages of stablecoins, often touted for their speed and efficiency compared to traditional money transfer services like SWIFT, present a compelling case for broader adoption. However, concerns over regulatory uncertainties and corporate hesitance have slowed this process. Tempo’s Ambitious Goals Fortune reports that tempo will not launch with its own native cryptocurrency. Instead, it will utilize various stablecoins as “gas” fees, which are essential payments made to the network of entities operating the blockchain. This approach sets Tempo apart from many other blockchains that rely on their proprietary tokens for value. As for the timeline for Tempo’s launch, details remain scarce; however, the project is currently staffed by around 15 employees, including Huang, who will continue his role at Paradigm alongside Alana Palmedo. Related Reading: ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading Paradigm outlined Tempo’s focus areas, which include global payments, remittances, microtransactions, and agentic payments—transactions initiated by artificial intelligence (AI) agents. While Stripe is incubating Tempo, Paradigm emphasizes the intention for the blockchain to maintain a sense of neutrality. It remains uncertain whether other payment providers will adopt this new technology. However, the involvement of various partners, including Anthropic, OpenAI, Deutsche Bank, and Shopify, suggests a collaborative effort to develop a new payment solution. Featured image from DALL-E, chart from TradingView.com
Nearly a year of former Chair Gary Gensler’s government texts were erased after a chain of avoidable IT decisions, the OIG said Wednesday.