BNY Mellon will manage and custody the assets backing OpenEden’s Moody’s “A”-rated tokenized US Treasury fund, expanding the bank’s presence in blockchain-based finance.
Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter.
Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs (ATHs). By comparing volume distribution across exchanges during previous ATH periods, the analysis seeks to determine whether the broader market is participating in the rally or if activity is concentrated on a single platform. Related Reading: Bitcoin-Money Supply Link Is A Myth, Glassnode Researcher Reveals Bitcoin Exchange Volume Concentration and Market Signals BorisVest’s review found that during the first ATH in 2024, global market volumes were elevated, and Binance’s trading activity was more than double that of all other exchanges combined. When Bitcoin retested its ATH later that year, overall market volumes increased across multiple platforms, yet Binance maintained its lead in total trading share. In contrast, when Bitcoin set a new record in mid-2025, total market volume did not show a significant increase compared to previous rallies. While Binance still recorded nearly twice the trading volume of other exchanges combined, the absence of a wider market volume expansion raised concerns. The analyst noted that historically, ATHs supported by broad volume growth tend to indicate stronger market conviction. A lack of participation from other exchanges could signal potential challenges in sustaining higher prices over the coming months. On-Chain Patterns Suggest Gradual Market Progress In a separate assessment, CryptoQuant analyst Avocado onchain examined Binary Coin Days Destroyed (CDD), a metric tracking the movement of long-dormant coins. The indicator recently turned lower after a brief rise, with Bitcoin’s price trading within a sideways range. Historically, increases in Binary CDD have been linked to selling pressure from long-term holders, often leading to corrections. However, current market conditions, shaped by changes in custody solutions, over-the-counter trading activity, and institutional investment strategies, make interpreting CDD spikes more complex. Avocado onchain highlighted that in recent cycles, Binary CDD rises have been followed by either prolonged sideways trading or moderate corrections. The current data supports what the analyst describes as a “stair-step” rally, where the market advances gradually while cooling short-term speculative activity. This pattern, if sustained, could prevent rapid depletion of buying momentum and allow for more stable long-term growth. Related Reading: Bitcoin Retraces Below $120,000: Is Coinbase Selling To Blame? Other on-chain data suggests that selling from long-term holders remains subdued, indicating limited pressure to exit positions at current price levels. This aligns with the view that while near-term movements may be range-bound, the broader trend still holds the potential for future upside, contingent on broader participation and sustained investor demand. Featured image created with DALL-E, Chart from TradingView
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday, comes on the heels of the recently passed GENIUS Act in both Congress and House of Representatives, which has spurred increased attention towards stablecoins and their applications in the financial market. According to Chief Financial Officer (CFO) Jeremy Fox-Geen, the company is witnessing a surge in institutional interest, stating, “After our IPO and the Genius Act, we’re seeing an acceleration of interest, with major institutions all leaning in.” Related Reading: Bitcoin 4-Year Rhythm Fades Out As Fresh Market Forces Emerge: Expert Three weeks ago, President Donald Trump signed the country’s first crypto bill into law. The bill aims to establish a new regulatory framework for dollar-pegged cryptocurrencies. As a result, major companies and US banks have shown increased interest in these assets, potentially including them in their financial operations, which could significantly improve, given the low cost and speed of stablecoin transactions. As of June 30, the amount of USDC in circulation had skyrocketed by 90% compared to the same time last year, and Circle anticipates sustained growth at a compounded annual rate of 40%. The USDC stablecoin is also gaining traction not only for its use in digital transactions but also for cross-border remittances between individuals and businesses, as noted by CEO Jeremy Allaire. Circle Reports 53% Revenue Growth Circle reported a significant year-over-year revenue increase of 53%, reaching $658 million. According to Reuters, this growth was largely driven by increased interest income generated from the cash reserves and short-term investments backing its USDC stablecoins. Additionally, revenue from subscription and service offerings from the stablecoin issuer’s platform also saw an uptick, surpassing analysts’ expectations of $644.7 million, as compiled by LSEG. However, the company did report a net loss of $482 million, primarily attributed to non-cash charges associated with its initial public offering. Related Reading: Market Expert Says Sell All Ethereum By October, Here’s Why Circle also announced plans to launch Arc, a public blockchain specifically designed for stablecoin transactions, this fall, as part of the firm’s strategy to develop the technological infrastructure necessary for digital payments. David Bartosiak, a stock strategist at Zacks Investment Research, commented on Circle’s goals, stating, “They’re really trying to become the pillar of stablecoins in the US” He emphasized that the company’s established reputation positions it as a trusted player in this emerging market. Despite the rise in its stock price, CEO Allaire indicated that Circle is taking a cautious approach regarding acquisitions. “We’re careful and deliberate. I don’t think our strategy here is to go try and do big, complex acquisitions to throw additional business lines,” he remarked. Featured image from DALL-E, chart from TradingView.com
Norway's increased Bitcoin exposure via its sovereign wealth fund signals growing institutional confidence in cryptocurrency investments.
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XRP’s legal victory over the U.S. Securities and Exchange Commission (SEC) has removed a major regulatory hurdle, sparking optimism for institutional adoption and even a potential spot XRP ETF. Related Reading: XRP ABC Wave Shows How High The Price Will Go If This Structure Holds Daily trading volumes soared 208% to $12.4 billion after the settlement, with analysts estimating a 95% chance of ETF approval by October 2025. However, price action suggests the euphoria may be cooling. In the 24 hours ending August 12, XRP slipped 4% from $3.19 to $3.13, despite hitting an intraday peak of $3.32. Heavy selling during the 19:00 hour, totaling 73.87 million in volume, indicates large holders are locking in profits. While support has held at $3.12, resistance remains firm at $3.27–$3.32. Bearish Fractal Signals Potential 45% Drop Technical analysts are eyeing a concerning development on XRP’s two-week chart: a bearish divergence where price makes higher highs but the relative strength index (RSI) prints lower highs. This setup mirrors conditions from the 2017–2018 market peak, which preceded a brutal multi-month selloff. If the pattern repeats, XRP could slide toward its 50-period exponential moving average near $1.64, roughly 45% below current prices, before finding meaningful support. Interim demand may emerge around $1.90–$2.00, but the bearish fractal suggests momentum is fading. Such a correction wouldn’t necessarily end the broader bull market but could shake out overleveraged traders, reset sentiment, and set the stage for a more sustainable uptrend later. XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview Can Bulls Invalidate the Bearish XRP Setup? Bulls see a different path. XRP is testing the $3.55 resistance level, which capped the 2018 rally, and has broken out of a multi-year symmetrical triangle. Clearing $3.55 with strong volume could open the door to $4.41 and potentially $5.68, especially if U.S. regulators approve an XRP ETF and whales shift from distribution to accumulation. Ripple’s focus on long-term infrastructure, CBDC partnerships, and real-world asset tokenization could underpin fundamental demand even if short-term price action turns choppy. Related Reading: Bitcoin Realized P&L Ratio Signals Sustainable Rally: Reversal Risk Remains Low Still, macroeconomic uncertainty, whale selling patterns, and technical resistance remain hurdles that traders must watch closely. For now, XRP sits at a crossroads, either confirming the ominous fractal for a steep drop or breaking through resistance to extend the post-SEC rally. Cover image from ChatGPT, XRPUSD chart from Tradingview
Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase.
Tron, Tether, and TRM Labs expand their crime-fighting unit with Binance as the first T3+ partner, as industry data shows crypto hacks are getting faster and harder to stop.
As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Federico Carrone, an Ethereum core developer, pledged $500,000 to the Tornado Cash co-founder’s legal fund after being detained in Turkey over alleged links to a privacy protocol.
DeepBook and Walrus’s “Winter Walrus” are ranked outside of the top 10 Sui ecosystem protocols, according to DefiLlama.
Moxie founder Neonwight outlined the platform’s strategy for combining artificial intelligence (AI) with crypto to create “Sex Capital Markets.” He said the controversial concept was fundamentally about financial inclusivity and unlocking productivity for marginalized creators. He stated in an interview with CryptoSlate: “Adult creators are one of the most marginalized professions in society. Banks refuse […]
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Monero is facing a purported 51% attack from an AI protocol called Qubic, which is claiming success—but experts aren’t convinced.
Pantera invests $300M in Digital Asset Treasury companies across eight tokens and three regions, spotlighting BitMines $4.9B ETH holdings.
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TRON (TRX) has extended its August rally, pushing past key resistance levels as trading volume soared to $1.07 billion in the past 24 hours. The price currently sits around $0.35, marking a 15.3% monthly gain and a staggering 172% surge year-over-year. Related Reading: Raoul Pal Says He’s Been Long XRP For 4 Years After Calling It A “Moron” Trade This momentum places TRX among the top gainers on CoinMarketCap, fueled by a large network performance and growing real-world adoption. One major catalyst has been TRON’s dominance in stablecoin settlements, processing over $625 billion monthly. With more payment use cases emerging, such as high-value transactions and tourism bookings, the potential transactional demand for TRX is rising. Even without being directly accepted in Blue Origin’s recent crypto integration, TRON could benefit indirectly as many stablecoin settlements happen on its blockchain. Network Growth and Financial Strength Boost Confidence TRON’s operational performance in 2025 has been stellar. The network processed over 1.8 trillion transactions year-to-date with a 99.3% success rate, while over 70% of transactions incurred zero gas fees. On-chain activity is also up 28% compared to its 250-day average, drawing in more developers to payment and gaming dApps. Financially, TRON Inc.’s Q2 2025 earnings impressed investors with $1.47 million in net income, a major turnaround from prior losses. Shareholders’ equity soared 3,500% year-over-year to $111 million, signaling strong institutional confidence. These fundamental strengths have created a positive feedback loop, with retail and institutional investors showing sustained interest in TRX despite recent profit-taking from long-term holders. TRX's price trends to the upside on the daily chart. Source: TRXUSD on Tradingview Can TRON (TRX) Reach $1 This Year? Technical analysts remain optimistic. Breaking above $0.35 could open the path to $0.45 in the near term, while some analysts predict TRX could touch $1 by September or October if bullish momentum continues. Key support lies between $0.30 and $0.32, offering potential entry points for cautious investors. Resistance at $0.35 remains a critical psychological and technical barrier; a decisive breakout could set the stage for new highs. Related Reading: Bitcoin Realized P&L Ratio Signals Sustainable Rally: Reversal Risk Remains Low With its blend of strong financials, network dominance, and growing real-world payment use cases, TRON appears well-positioned for a potential push toward the $1 mark in the coming months, if bulls can maintain the current momentum. Cover image from ChatGPT, TRXUSD on Tradingview
The two men pleaded guilty to conspiracy to commit wire fraud in February and later received a letter directing them to “self-deport” from the United States.
Bitcoin could pick up momentum above $120,000, with ETH, BNB, LINK, and UNI following suit.
Pantera’s Dan Morehead nailed his prediction for Bitcoin’s Aug. 11, 2025 price, made in November 2022 as BTC was nearing its bottom.
Ethereum tops $4.6K for the first time since 2021, fueled by $130M in short liquidations, $9B treasury buys, and record ETF inflows.
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Bitcoin also crossed back above $120,000, but it's underperforming much of the rest of the cryptocurrency sector.
OpenAI’s GPT-5 rollout left people grieving for their lost loves, proof that in the age of AI, a patch can feel just like a breakup—or worse.
Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC. According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange. The fund represents Coinbase’s renewed commitment […]
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Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin But Graham Cooke, a Google veteran-turned blockchain CEO, pushed back on the panic, saying “Your wallet’s math is stronger than the fabric of spacetime itself.” Majorana 1 And The Million Qubit Claim Microsoft says Majorana 1 uses a new class of material — a “topoconductor” — and an architecture meant to make qubits more stable and easier to scale toward a million-qubit device. The company frames the chip as a step toward practical, fault-tolerant quantum machines that could handle very large problems. That kind of scale is what makes some people worry about cryptography, because certain quantum algorithms work very differently from the classical math that protects keys today. Microsoft built a 1-million-qubit quantum computer. Bitcoin holders are panicking—this could crack crypto encryption. But your seed phrase has 340,000,000,000,000,000,000,000,000,000,000,000,000 combinations. Here’s why quantum still can’t touch it: pic.twitter.com/kiI5oIXej1 — GC Cooke (@GCcookeHQ) August 11, 2025 Google’s Willow And IBM Roadmaps Based on reports, Google’s Willow chip and IBM’s public roadmap have added fuel to the conversation. Google showed a chip that it says solved a benchmark task in under five minutes that, by their measure, would take a classical supercomputer roughly 10 septillion years. IBM has published plans for staged systems — Starling and later Blue Jay — to push toward many logical qubits and extensive error correction over the next several years. Those announcements mean companies are getting closer to solving long-standing engineering problems, but they do not equal an instant ability to undo modern cryptography. Why Bitcoin Isn’t Facing A Panic Right Now Cryptography experts point out that breaking Bitcoin’s elliptic-curve keys needs not just more physical qubits but stable, error-corrected logical qubits and huge run-times. Estimates vary widely, but respected analysis has shown that breaking a 256-bit elliptic curve in a practical time window would require millions or at least many hundreds of thousands of physical qubits once error correction is counted. In short: the path from a lab milestone to a machine that can target Bitcoin addresses at scale still runs through a lot of hard engineering. A 24-word seed phrase? That’s 340 septillion trillion MORE combinations than a 12-word phrase. We’re approaching 10^77 possibilities – nearly as many as atoms in the observable universe (10^80): — GC Cooke (@GCcookeHQ) August 11, 2025 Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst Seed Phrases And Dizzying Numbers Based on reports and public comments from practitioners, wallet math is not the whole story but it matters. Cooke has stressed how large a 24-word seed phrase keyspace is compared with a 12-word phrase, and he used big-picture comparisons — like saying the universe’s age of 14 billion years and “a trillion trillion” restarts — to show how vast those numbers are. Featured image from Getty Images, chart from TradingView
The BETF fund, custodied by BitGo, will give investors in central Asia regulated, physically backed access to bitcoin through the Astana International Exchange.
Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.
ETH open interest soared to a record high as Ether price rallied through $4,500. Is the rally sustainable?
Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021. The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting. The latest price […]
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Former Binance executive Ryan Horn joins Hilbert Group to advise on Syntetika, an onchain platform for tokenized funds, as global finance races to bring traditional assets to blockchain.
LINK gained 42% over the past week, the most among the top 50 cryptocurrencies by market capitalization.
BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion. The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion. BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total […]
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