A new smart contract on Securitize's platform enables investors to swap shares for RLUSD, creating a 24/7 stablecoin off-ramp for tokenized treasuries.
Pantera Capital founder Dan Morehead believes a geopolitical shift in reserve management will push adversaries of the United States into Bitcoin at massive scale, calling it “inevitable” that China and Russia eventually hold “trillions of dollars” worth of the asset. Speaking on Blockworks’ Empire podcast released this week, the billionaire framed the prediction as part of a longer-term rotation in global reserve assets and a response to sanction risk embedded in dollar-denominated holdings. “I think it’ll take a decade or two,” Morehead said, adding that the first movers will likely include US-aligned Gulf states before “the big one” arrives with countries “antagonistic to the United States, like China or Russia.” Why Russia And China Will Adopt Bitcoin Morehead anchored his argument in the historical cadence of reserve transitions and the vulnerability of holding claims on a rival’s financial system. “You gotta remember, the reserve currency’s changed every 80 or 100 years… no one’s ever really lasted for more than, let’s call it 100, 110 years,” he said. While calling it “inconceivable that the dollar will be supplanted” overnight, he warned that countries with large US Treasury positions face concentrated political risk. Citing China’s portfolio, he argued: “It’s really pretty crazy to have your entire country’s life savings in an asset that your potential adversary could literally just cancel.” In his view, that calculus makes it “inevitable” that such countries “will have started to save in Bitcoin and other cryptocurrencies” within the next decade. Related Reading: Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish The provocation lands amid measurable changes in how major economies hold US debt. Official Treasury data for July 2025 show China’s reported Treasury holdings at $730.7 billion, the lowest since 2008 and down markedly over the past decade, a decline often read as gradual diversification of reserves rather than abrupt abandonment. JUST IN: BILLIONAIRE DAN MOREHEAD JUST SAID IT’S “INEVITABLE” CHINA AND RUSSIA WILL HOLD TRILLIONS OF DOLLARS IN #BITCOIN NATION STATE GAME THEORY. IT’S HERE ???? pic.twitter.com/tOQO9tHYNi — The Bitcoin Historian (@pete_rizzo_) September 23, 2025 Japan remains the largest holder at roughly $1.15 trillion, with the United Kingdom near $900 billion. The broader pool of foreign-held Treasuries nonetheless hit a record in July. These figures illustrate that while the dollar system remains deep and liquid, China’s share is slipping at the margin—the exact dynamic Morehead argues could accelerate alternative reserve strategies over time. Morehead’s timeline also intersects with a flurry of policy proposals that, if enacted, would normalize sovereign Bitcoin exposure. In March, US President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a national digital asset stockpile. Wyoming legislators separately advanced a bill to permit limited Bitcoin investments—capped at 3%—within certain state funds, an incremental step toward institutional reserve management in digital assets at the state level. Related Reading: Bitcoin Falls Below $113,000, But This Indicator Says It’s Time To Buy Outside the US, Gulf governments are already experimenting at the edges of sovereign crypto exposure—another plank in Morehead’s thesis. The United Arab Emirates’ has launched state-backed mining initiatives and disclosures suggesting several thousand BTC accumulated on the balance sheet via those operations. Skeptics will note that moving “trillions” of dollars into Bitcoin would require not only policy shifts but also market structure capable of absorbing sustained sovereign demand without disorderly volatility. Liquidity depth has improved with US spot ETF adoption and growing derivatives markets, yet Bitcoin’s free float, custody frameworks, and cross-border payment rails still face periodic stress. Morehead, however, situates the thesis in a long arc rather than a short-term trade. “I don’t think it’s gonna happen overnight,” he said, emphasizing a horizon of “a decade or two” and a phased path in which US-aligned adopters pave the way for politically non-aligned states that prize censorship resistance and sanction insulation. For China and Russia specifically, the impetus would be as much strategic as financial. China’s willingness to chip away at Treasuries aligns with its broader push to diversify reserves into gold and other assets, while Russia’s post-2014 and 2022 sanctions experience has already driven a dramatic reconfiguration of its reserve composition. At press time, Bitcoin traded at $112,639. Featured image created with DALL.E, chart from TradingView.com
The London-based firm says the deal underscores growing institutional demand for blockchain oversight as banks move deeper into digital assets.
The Ethereum co-founder warned that closed systems breed abuse and monopolies, urging open-source, verifiable infrastructure for healthcare, finance and voting.
Michael Saylor, the executive chairman of MicroStrategy and one of Bitcoin’s strongest supporters, is once again urging the U.S. to think bigger about digital assets. Saylor believes the U.S. should treat Bitcoin not just as an investment, but as a national digital reserve. In a recent CNBC interview, he said Bitcoin could start rising sharply …
CAKE, the native token of PancakeSwap, has ignited fresh excitement in the crypto market following a price breakout. With the CAKE price surging to $2.81, up 5.01% in the past 24 hours, traders are closely eyeing whether this momentum can deliver a sustained bullish rally. Successively, backed by a $966.98 million market cap and a …
What is India’s levy crypto tax, and how does it apply across various types of transactions, such as trading, selling or spending your crypto?
Kraken co-CEO Arjun Sethi says the fight for crypto in the United States is "far from over,” as the exchange looks to back pro-crypto policy.
On September 23, both spot Bitcoin and Ethereum ETFs recorded a second straight day of net outflows. Data from SoSoValue shows Bitcoin ETFs lost $103.61 million, while Ethereum ETFs saw outflows of $140.75 million. Bitcoin ETF Breakdown Bitcoin ETFs posted a total outflow of $103.61 million. Fidelity’s FBTC led withdrawals at $75.56 million. Ark & …
The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support level. Interestingly, this crash was called by a couple of crypto analysts who had pointed out the weaknesses surrounding Bitcoin over this time. As their predictions begin to play out, this report takes a look at the complete forecasts, with most showing that the Bitcoin price crash is far from over and must proceed deeper before finding a bottom. Bitcoin Price Is Headed Below $100,000 Crypto analyst HAMED_AZ had previously pointed out that the Bitcoin price was moving within a descending channel. Since this was a bearish trend, it was expected that the Bitcoin price would begin to crash, and this was the case. There is also the fact that the Bitcoin price had broken its short-term ascending trendline. At the same time, it had also reached the upper boundary of the descending channel, meeting resistance at $117,000-$120,000. As the bears pushed back on the price, the fall had begun. Related Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why It didn’t help that the resistance was sitting a the 61.8% Fibonacci retracement level, one of the factors that triggered the corrective move. As the short-term ascending trendline was broken, it empowered the bears to take control of the digital asset once again. Despite the already notable decline, the crypto analyst says that as long as the price stays below $118,000-$120,000, then the bearish pressure will continue. The possible target here is below $106,000, but the descending trendline points to a bottom as low as $96,000 in the worst-case scenario. Bears Are Still In Control Another pseudonymous crypto analyst on the TradingView website has also outlined why the Bitcoin price is bearish. The fact that the digital asset had broken below the ascending trendline, as well as the Ichimoku cloud, suggests that the momentum has turned bearish from here. Related Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value With the support of $113,00 already lost, the next targets are on the downside. Prices are expected to keep crashing as low as $108,000 before finding a bottom. However, there could be redemption on the horizon if the bulls are able to reclaim the support between $113,000 and $114,500. But a more definite close above $115,000 would completely invalidate the current bearish move. Meanwhile, crypto analysts like CrypFlow on X are more bullish after the decline. The analysis shows that the Bitcoin Bollinger Bands are being squeezed again. There is also a bullish Stochastic RSI cross and a momentum explosion. With all of these developments so close together, the analyst believes that it is only a setup for the Bitcoin price to rally higher. Featured image from Dall.E, chart from TradingView.com
It came as part of its proposed merger with M3-Brigade Acquisition V Corp, a Nasdaq-listed blank-check company.
Cloudflare and Coinbase are launching the x402 Foundation to promote adoption of the x402 protocol, a framework for agentic payments.
Aster, a fast-rising decentralized exchange on Binance Smart Chain, has shocked the market with a massive 2347% jump in just one week, hitting a new all-time high of $2.12. Despite such a massive pump, well-known crypto analyst Kyle Chasse sees more room for the Aster token to surge; he sees the Aster token could still …
As a seasoned observer in the ever-evolving crypto landscape, I can’t help but note that FTX Token has stormed back to life. Clocking a jaw-dropping 20% daily price jump to $0.9789 and a weekly gain of 21.92%. Fueled by surging trading volume, up more than 500% and a bustling social media rumor mill, FTT’s comeback …
Strategy chair Michael Saylor says Bitcoin will gain after “macro headwinds” subside as treasury companies and ETFs put upward pressure on the cryptocurrency.
Bitcoin’s Bollinger Bands compressed to record-tight weekly levels, with analysts predicting inevitable volatility expansion and major price movement.
September 24, 2025 06:07:53 UTC Powell Flags High Stock Valuations, Markets React Federal Reserve Chair Jerome Powell highlighted that stock prices are “fairly highly valued,” acknowledging elevated asset levels during a Providence speech. While emphasizing that financial stability risks remain low, Powell noted the Fed monitors overall financial conditions to ensure policy effectiveness. Following the …
Brazil’s central bank (BCB) is moving to tighten oversight of the foreign exchange market with a new set of proposed rules. While the framework is primarily aimed at electronic forex platforms (eFX), the ripple effects could reach far beyond traditional finance—potentially reshaping how cryptocurrency exchanges operate in Brazil. New Oversight Rules for Brazil’s Forex Market …
Liquidity trends and buy-the-dip mentions point to potential for a deeper sell-off.
The long-running FTX bankruptcy case has entered a new chapter. The FTX Recovery Trust is now suing crypto mining company Genesis Digital Assets (GDA) in an effort to claw back more than $1 billion. The lawsuit highlights how deeply Sam Bankman-Fried’s financial decisions continue to impact creditors two years after FTX’s collapse. Lawsuit Claims Inflated …
Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support. SOL price started a fresh decline below $240 and $230 against the US Dollar. The price is now trading below $220 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $215 and $222. Solana Price Dips Again Solana price failed to stay above $250 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $240 and $232 support levels to enter a bearish zone. The bears even pushed the price below $220 and the 100-hourly simple moving average. A low was formed at $207 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $254 swing high to the $207 low. Solana is now trading below $220 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $215 level. The next major resistance is near the $220 level or the trend line. The main resistance could be $230 or the 50% Fib retracement level of the downward move from the $254 swing high to the $207 low. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level. More Losses In SOL? If SOL fails to rise above the $222 resistance, it could continue to move down. Initial support on the downside is near the $207 zone. The first major support is near the $202 level. A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $184 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $202 and $200. Major Resistance Levels – $215 and $222.
Former Binance CEO Changpeng Zhao, commonly known as CZ, has found himself at the epicenter of a new controversy following a recent report by the Financial Times regarding his Web3 and artificial intelligence (AI) venture, YZi Labs. CZ Denies Financial Times Report The report suggested that Zhao was planning to open a substantial $10 billion portfolio to outside investors, a claim that has sparked a vigorous denial from the former executive of the world’s largest cryptocurrency exchange. Related Reading: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump? According to the Financial Times, Ella Zhang, head of YZi Labs, acknowledged strong interest from potential investors, even mentioning that US Securities and Exchange Commission (SEC) Chair Paul Atkins had requested a private demonstration of the fund’s capabilities. The Financial Times report indicated that approximately 70% of YZi Labs’ portfolio consists of digital assets, with more than 50 token proposals reviewed over the summer. However, the former Binance executive took to social media platform X (formerly Twitter) to vehemently dispute the Financial Times’ claims, labeling the report as “complete false news” filled with what he described as “fake, wrong, and made-up information.” Zhao made several specific assertions in his posts. He stated that YZi Labs is not currently raising an external fund, nor is there any planned demonstration for investors. CZ expressed confusion over the concept of a “demo” for a fund and clarified that there has never been a pitch deck for YZi Labs, nor has the organization pursued any external investment discussions since its rebranding. YZi Labs Not Linked To Binance In his response, CZ further stated that YZi Labs operates independently from cryptocurrency exchange Binance and refuted claims that it was “spun out” of the exchange after his legal troubles with US authorities in November 2023. Addressing regulatory concerns, Zhao pointed out that he has only been cited for a single violation related to the Bank Secrecy Act, which he clarified involved a failure to maintain an adequate anti-money laundering program. He sated: I plead to a single violation of BSA, failure to maintain an adequate ANTI-money laundering program. Contrary to what FT characterized as “money laundering” violations. Related Reading: Why Aren’t Institutions Adopting XRP ‘Massively’? Pundit Answers The former Binance CEO stressed that his legal situation should not be conflated with accusations of money laundering, a distinction he feels is often misrepresented in traditional media. Zhao also noted that the Financial Times had previously attempted to arrange a lunch interview with him, promising positive coverage. After canceling the meeting, he expressed his regret about the situation, suggesting that the resulting article was not the narrative he had hoped for. At the time of writing, Binance’s native token, Binance Coin (BNB), trades above the $1,000 milestone, recording gains of 15% during this month’s uptrend. Featured image from BBC, chart from TradingView.com
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $1,000,000 by 2030, fueled by growing institutional adoption, ETF inflows, and its limited supply. He believes rising inflation and economic uncertainty are pushing investors to view Bitcoin as a reliable store of value. Armstrong also points to halving cycles and expanding developer activity as key drivers of …
Meme token holds above $0.24 support as volume spikes past 500M while resistance consolidates near $0.2.
The number of crypto millionaires has jumped 40% year-on-year to over 240,000, driven mainly by institutional adoption, according to Henley & Partners.
XRP price started a fresh decline below the $2.90 zone. The price is now showing bearish signs and might decline again below the $2.780 zone. XRP price is moving lower below the $2.90 support zone. The price is now trading below $2.880 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.90 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.780. XRP Price At Risk of Another Decline XRP price failed to stay above the $3.00 pivot level and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $2.920 and $2.90 support levels. The bears even pushed the price below $2.80. A low was formed near the $2.678 support, and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the recent decline from the $3.138 swing high to the $2.678 low. However, the bears are active near the $2.90 resistance. The price is now trading below $2.90 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $2.90 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.880 level. The first major resistance is near the $2.90 level and the trend line. It is close to the 50% Fib retracement level of the recent decline from the $3.138 swing high to the $2.678 low. A clear move above the $2.90 resistance might send the price toward the $2.950 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.120. Another Decline? If XRP fails to clear the $2.90 resistance zone, it could continue to move down. Initial support on the downside is near the $2.780 level. The next major support is near the $2.7150 level. If there is a downside break and a close below the $2.7150 level, the price might continue to decline toward $2.650. The next major support sits near the $2.60 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.780 and $2.7150. Major Resistance Levels – $2.90 and $2.950.
As Solana attempts to reclaim the $220 level as support, an Australian-based firm has joined the trend of Digital Asset Treasury (DAT) companies with a $100 million financing facility for the launch of a new SOL treasury strategy. Related Reading: Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate First Australia-Based Solana Treasury On Tuesday, Nasdaq-listed Fitell Corporation, a global provider of fitness equipment and health solutions, unveiled the launch of the first Solana-based digital asset treasury in Australia. According to the announcement, the company has secured a $100 million convertible note facility with a US-based institutional investor to support the launch of its SOL treasury strategy. Notably, $10 million from the initial closing will be immediately deployed to purchase the altcoin. Following the launch of the Treasury, Fitell plans to rebrand to “Solana Australia Corporation.” Additionally, it has initiated steps for a dual listing on the Australian Securities Exchange (ASX). The DAT is expected to generate yields by deploying SOL assets across a “diversified suite of on-chain DeFi and derivatives strategies,” including structured products such as options, snowballs, on-chain liquidity provisioning, and other highly liquid strategies with managed downside risk. Meanwhile, returns generated will be reinvested into the treasury reserve, the company explained. Cailen Sullivan, one of Fitell’s advisors, affirmed that their strategy “focuses not only on Solana itself, but the broader ecosystem of applications being built on top.” “By deploying more assets on-chain, we aim to generate outsized returns, setting a new benchmark for performance in digital asset management while supporting the growth of DeFi applications on Solana,” Sullivan added. SOL Corporate Adoption Continues Fitell Corporation’s CEO, Sam Lu, expressed the company’s ambition to become the largest publicly listed SOL holder in Australia and the Asia Pacific regions: The launch of our Solana digital asset treasury positions Fitell at the forefront of Solana adoption in the regions of Australia and Asia Pacific. (…) With the expertise of David Swaney and Cailen Sullivan, we are excited to execute on a roadmap that combines innovation, yield generation, and disciplined risk management. This initiative follows the recent push for Solana-focused DATs, which have seen hundreds of millions of dollars invested in the strategies this month. Last week, neurotech company Helius Medical Technology revealed the launch of a $500 million SOL treasury strategy backed by Pantera Capital and Summer Capital. The Pennsylvania-based company announced the first purchase for its DAT strategy on Monday, adding 760,190 SOL, worth approximately $168 million, at an average purchase price of $231. Similarly, Nasdaq-listed Forward Industries Inc. has unveiled its plan to bring its equity to the blockchain. According to the announcement, the company has partnered with financial technology firm Superstate to allow stockholders to tokenize and hold FORD shares on the Solana blockchain. Related Reading: CEO Dismisses September Crash, Reveals Why The Bitcoin Price Is Headed For $150,000 Forward Industries Inc. is currently the largest corporate SOL Treasury, successfully closing a $1.65 billion private investment in public equity (PIPE) earlier this month to purchase the cryptocurrency, stake it, and generate excess returns. Bitwise’s CIO Matt Hougan suggested that strong corporate treasury purchases and the highly anticipated approval of spot SOL exchange-traded funds (ETFs) could start a “Solana Season” in the coming months. As of this writing, SOL is trading at $220, a 6.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Galaxy Digital’s Mike Novogratz says US crypto legislation will unleash new market participation, which could break the traditional four-year cycle.
Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone. Ethereum failed to extend gains and declined below the $4,200 zone. The price is trading below $4,220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,280 and $4,320. Ethereum Price Is Now At Risk Ethereum price failed to continue higher above the $4,500 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,420 and $4,350 support levels. The bears even pushed the price below $4,200. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. Ethereum price is now trading below $4,220 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,280 level. The first major resistance is near the $4,315 level and the 50% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low. A clear move above the $4,315 resistance might send the price toward the $4,370 resistance. There is also a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD. An upside break above the $4,370 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,550 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,215 resistance, it could start a fresh decline. Initial support on the downside is near the $4,125 level. The first major support sits near the $4,050 zone. A clear move below the $4,050 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,880 region in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,125 Major Resistance Level – $4,320
Bitcoin has seen “buy the dip” mentions spike on social media after the price crash, but Santiment warns this could be a contrarian signal. Social Media Users Are Calling To Buy The Bitcoin Dip In a new Insight post, analytics firm Santiment has talked about how the market has been reacting to the latest plunge in the Bitcoin price. “One of the first things we like to look for is a sign of retailers showing enthusiasm toward buying the dip,” notes Santiment. The indicator cited by the analytics firm is the “Social Volume,” which measures the total amount of posts/messages/threads appearing on the major social media platforms that make unique mentions of a given term or topic. Related Reading: Here’s The Boundary Bitcoin Bulls Must Defend To Save Rally Santiment has filtered the Social Volume for Bitcoin-related keywords and terms pertaining to calls for “buy the dip.” Below is a chart showing the trend in the metric over the past month. As is visible in the graph, the Bitcoin Social Volume has spiked for these terms, indicating that interest in buying the dip has surged among social media users. At the current value, dip-buying calls are at their highest in 25 days. While this could sound like a signal that a rebound may be coming soon for the cryptocurrency, history has had many examples of the contrary. “Prices typically move the opposite direction of the crowd’s expectations,” explains the analytics firm. Considering this, the dip-buying hype could actually be a sign that more pain may be ahead for BTC before the bottom can actually be in. “Once the crowd stops feeling optimistic, and they begin to sell their bags at a loss, this is typically the time to strike with your dip buys,” says Santiment. Another gauge for market sentiment is through the Binance Funding Rate, which is a metric that keeps track of the periodic fee that derivatives traders are exchanging between each other on the largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 The indicator turned sharp red just ahead of the latest plummet in the Bitcoin price, indicating that short positions became dominant on Binance. After the decline, however, traders changed their tune as the metric switched back to being green. This trend would suggest that investors are hoping Bitcoin would rebound soon. “Ideally, for a notable price bounce to occur, we need to see a sustained period of shorts outpacing longs,” notes the analytics firm. As such, this could be another indicator to keep an eye on, as a flip into the negative for an extended phase may pave the way toward a bottom. BTC Price Bitcoin has been unable to make recovery from its crash so far as its price continues to trade around $112,700. Featured image from Dall-E, Santiment.net, chart from TradingView.com