Bitcoin remains under the $120,000 price mark following a pullback triggered by remarks from the US Treasury that the federal government will not be purchasing the cryptocurrency. At the time of writing, BTC is valued at approximately $118,612, representing a 4.1% decline from its record high above $124,000 reached earlier this week. The market seems to be currently assessing whether this consolidation phase will lead to renewed upward momentum or extend the correction. Recent blockchain data has brought attention to activity on Binance, the world’s largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin Act Is Still America’s Playbook, Clarifies Senator Lummis Bitcoin Exchange Inflows and Potential Impact According to CryptoOnchain, a contributor to the on-chain data provider platform CryptoQuant, the exchange has recorded one of the seven highest average Bitcoin inflows in recent months. This increase, measured by the Mean Inflow metric, reflects a greater volume of BTC being transferred into Binance wallets, potentially as preparation for selling, using as collateral for leveraged positions, or institutional portfolio adjustments. CryptoOnchain explained that persistent high inflows often indicate that more Bitcoin is moving from private wallets to exchange trading accounts. Without equivalent buying demand to offset this, the increase in supply can create short-term selling pressure. The positive netflow trend, where inflows surpass withdrawals, supports this interpretation, showing that Binance’s Bitcoin reserves are growing. Historically, similar patterns have preceded periods of price volatility, particularly if large holders decide to offload positions or hedge via derivatives markets. If inflows continue at their current pace without a parallel rise in demand, the analyst suggests the market could experience higher short-term downside risk. On the other hand, if these inflows are met with strong buying interest, they could provide liquidity for further price movement. The key factor remains whether the increase in exchange-held BTC is driven by selling intentions or strategic positioning ahead of market developments. Leverage Trends Point to Lower Speculative Risk A separate analysis from another CryptoQuant contributor, Arab Chain, examined Binance’s Estimated Leverage Ratio (ELR) for Bitcoin. The ratio, which measures open interest relative to exchange reserves, recently dropped from its early August peak above 0.27 to around 0.25, before showing a modest rebound. From May to late July, both Bitcoin’s price and the leverage ratio rose together, suggesting heightened participation from traders using larger positions. The recent drop in leverage, despite prices remaining near $119,000, indicates a reduction in speculative exposure, possibly from liquidated high-risk positions or profit-taking after rapid price gains. Arab Chain noted that a lower leverage ratio during a period of price stability can be a constructive sign, as it implies that market support is coming from actual liquidity rather than excessive speculation. Related Reading: The Bitcoin Cycle You Knew Is Dead, Says Capriole Founder Should the ELR remain between 0.24 and 0.25 while Bitcoin gradually moves above $120,000, it could signal a price advance driven more by spot demand than leveraged trading. However, a sudden rise in the leverage ratio above 0.27 during another test of the $120,000–$124,000 range would increase the risk of a sharp correction. This would mirror the conditions seen during previous liquidation events, where a combination of high leverage and rapid price movements triggered large sell-offs, the analyst noted. Featured image created with DALL-E, Chart from TradingView
Ethereum (ETH) had a difficult beginning to the year. From January to late April, the coin lost more than half its value, falling to around $1,300. However, according to Eric Jackson, founder of EMJ Capital, that sharp decline actually set the stage for Ethereum’s rebound. He explained that the drop showed “seller exhaustion,” as many …
American Bitcoin, the recently established mining company backed by Donald Trump Jr. and Eric Trump, is actively seeking opportunities to acquire companies in Asia to bolster its Bitcoin (BTC) reserves. According to a report by the Financial Times, sources familiar with the matter indicated that the company aims to purchase a publicly listed firm in Japan, with potential interests in Hong Kong as well. American Bitcoin Aims To Mirror Strategy’s Success American Bitcoin is already in the process of developing its own strategic Bitcoin reserve, mulling President Donald Trump’s very own vision of creating a stockpile of the market’s leading crypto for the country. The Financial Times asserts that the company established in collaboration with Hut 8 is currently engaging with investors in the Asian region regarding potential acquisitions. Related Reading: Ethereum Faces The Level That Decides Everything: Analyst The company’s ambition is said to mirror the successful approach of Michael Saylor, the founder of Strategy (formerly MicroStrategy), which has the largest Bitcoin holdings of any public company, surpassing 600,000 BTC coins according to Bitcointreasuries.Net data. The firm’s goal coincides with that of other companies exploring the crypto treasury reserve approach. These companies focus on assets beyond Bitcoin, including Ethereum (ETH), Binance Coin (BNB), and TRON, among others. These firms sell shares or debt to fund their purchases of digital assets, allowing investors to gain exposure to cryptocurrency prices without directly owning the tokens. This method has appealed to many traders, particularly in a newly favorable regulatory environment for digital assets in the US. Trump Family Strengthens Crypto Presence The company is preparing to go public in September via a reverse merger with Gryphon Digital Mining, which is already listed on Nasdaq under the ticker name GRYP. Eric Trump serves as the co-founder and chief strategy officer of American Bitcoin, a rebranded entity that evolved from American Data Centers (ADC), previously a subsidiary of Dominari Holdings. American Bitcoin recently disclosed its goal of creating an efficient platform for Bitcoin accumulation, emphasizing active treasury management and long-term value creation for shareholders. The company noted that while it is exploring opportunities in specific regions, no binding commitments have yet been made. The Asian market, particularly Hong Kong, has been making significant efforts to become a hub for digital assets. Establishing treasury companies in these regions could generate new demand for cryptocurrencies, which aligns with American Bitcoin’s vision. Related Reading: BTC Slips Below $120K as Policy Shifts Rattle Markets: Is This a Setup for the Next Big Rally? In addition to American Bitcoin, the Trump family has diversified its crypto ventures. President Donald Trump recently reported earnings of $57 million from his involvement with World Liberty Financial, which announced plans to acquire $1.5 billion worth of its own WLFI tokens. Meanwhile, the Trump Media & Technology Group (TMTG) intends to raise funds for a “Bitcoin treasury,” highlighting the family’s ongoing commitment to the cryptocurrency space. As of this writing, American Bitcoin holds 1,941 BTC, currently valued at approximately $227 million. Bitcoin is currently trading at $117,270, having retraced 5% from its record high of $124,100 earlier this week. Featured image from DALL-E, chart from TradingView.com
It was the highest-ever weekly trading volume for Bitcoin and Ether ETFs, largely due to Ether ETFs "stepping up big," says an ETF analyst.
The resolution of the Ripple case may set a precedent for future cryptocurrency regulations, impacting how digital assets are classified legally.
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Data shows the Bitcoin Coinbase Premium Gap has witnessed a spike, a sign that American investors may be buying at post-dip prices. Bitcoin Coinbase Premium Gap Has Seen A Sharp Positive Spike In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This metric measures the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The indicator tells us about how the buying or selling behavior differs between the userbases of the two platforms. The former is the main platform of the American investors (especially the large institutional entities), while the latter gets users from around the world. Related Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE Here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the past week: As displayed in the above graph, the Bitcoin Coinbase Premium Gap surged to notable positive levels on Wednesday, indicating that BTC was going for more on Coinbase than Binance. In other words, Coinbase users were participating in a higher amount of buying than Binance traders. What followed the accumulation from the US-based entities was a surge in BTC’s price to a new all-time high (ATH). The cryptocurrency saw a plunge on Thursday and has continued to trade at lows today, but interestingly, the Coinbase Premium Gap has only noticed a further uptick. This could be a sign that American institutional investors are looking at the dip as a buying opportunity. Since the start of 2024, this cohort has often taken the driving seat in the market, so it only remains to be seen whether this accumulation would also lead somewhere. Another sign that could point at dip-buying occurring in the sector is the trend in the USDC Exchange Inflow, as the analyst has discussed in another X post. The “Exchange Inflow” is an on-chain indicator that tracks, as its name suggests, the amount of a given asset that investors are depositing into wallets associated with centralized exchanges. In the current case, the cryptocurrency involved is the stablecoin USDC. Generally, holders transfer their coins to exchanges when they want to sell, so an uptick in the metric for coins like Bitcoin can be a bearish sign for their prices. For stablecoins, however, the same isn’t true, as their prices are by definition stable around $1. Instead, stablecoin inflows have an effect on the volatile assets: investors use them to buy BTC and others, thus providing a bullish boost to their value. Related Reading: Bitcoin Realized Price Flips 200-WMA: What Happens Next? Since the BTC price plunge, the USDC Exchange Inflow has amounted to a whopping $3.88 billion. “Investors are treating it as a buy-the-dip opportunity,” notes Maartunn. BTC Price At the time of writing, Bitcoin is trading around $117,800, down 1% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
According to reports, Canary Capital has taken a formal step toward an ETF tied to the TRUMP memecoin by registering an entity called the “Canary Trump Coin ETF” with the Delaware Division of Corporations on August 13. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm That registration is an early, procedural move and does not mean the fund has been filed with or approved by the US Securities and Exchange Commission. Markets reacted quickly; TRUMP rebounded from about $9.35 to $9.55 after the news, marking just over 10% gains for the week at press time. Regulatory Route And Competing Filings Based on reports, the registration adds to a growing list of institutional bids to package memecoins. Companies such as Grayscale, Bitwise, and 21Shares have already pursued funds linked to Dogecoin, while Osprey Funds and REX Shares filed for TRUMP-related products earlier in the year on January 21. Bloomberg’s Eric Balchunas has suggested Canary may be positioning for a filing under the 33 Act, which would differ from other teams that have used the 40 Act. That choice could change the form of filings and the timeline for review. Looks Canary is prepping to poss file for first Trump Coin ETF via the ’33 Act. They registered the name an entity as statutory trust (33 act). Tuttle has Trump (and Melania) coin ETFs filed but via ’40 Act.. h/t source: @Cointelegraph pic.twitter.com/crz2ZApHkE — Eric Balchunas (@EricBalchunas) August 13, 2025 What Registration Means And Why It Matters An entity registration in Delaware is a common legal step before formal SEC submissions like S-1s or 19b-4s. It signals intent and lets market participants spot plans early. It does not mean the SEC has weighed in, and approval would still hinge on custody, market surveillance, and other protections regulators demand. The filing has given TRUMP token holders reason for optimism because a regulated vehicle could bring new liquidity, but it would not change the token’s fundamentals. Momentum And Market Moves Reports have disclosed that the TRUMP token saw a price uptick after the registration announcement. That reaction is typical: headlines attract retail attention, and memecoins are highly sensitive to news flow. Related Reading: Dogecoin Draws New Attention As Open Interest Tops $3 Billion Still, TRUMP remains far below its January peak of $75 — about 60% below that high — and any fund launch would only channel speculation into a regulated wrapper, not create earnings or cash flows for the token itself. There are risks to watch. Memecoins are commonly treated as commodities by regulators, which helps the case for ETF structures, but concentration in a few wallets, unclear custody arrangements, and the potential for market manipulation are real concerns. Approval would likely require third-party custody, audits, and exchange surveillance plans that make the product less fragile than an unregulated token listing. Featured image from Getty Images, chart from TradingView
TRON’s market momentum has eased after a recent rally that pushed its price above $0.365, with the asset now trading at $0.355, representing a 1.76% drop over the past 24 hours. This consolidation follows a steady climb in recent weeks that saw the network’s transaction activity and derivatives data draw increased analyst attention. According to CryptoQuant contributor Burak Kesmeci, the current TRX futures market remains in a neutral position, suggesting that the asset may still have room to advance before approaching a local top. Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward Multi-Year Highs Futures Market Indicators and Historical Context Kesmeci’s analysis centers on the TRON Futures Volume Bubble Map, a metric used to gauge periods of overheating in the futures market. Historically, this tool has flagged heightened risk when red-toned “bubbles” appear, marking moments of excessive speculative activity. The last notable instance occurred in early December 2024, when TRX rose from $0.26 to $0.45 before hitting a local peak. At present, Kesmeci notes that the indicator has not entered the high-risk zone, meaning TRX has not yet reached levels of speculative saturation. This, in theory, leaves space for further price increases if current market trends persist. Futures market analysis like this often helps traders differentiate between rallies supported by organic demand and those driven primarily by leveraged speculation. The neutral reading suggests that current TRX movements could be supported by genuine buying interest rather than excessive short-term leverage. A balanced outlook, however, would also consider that futures market conditions can shift quickly. If trading volume or open interest begins to rise sharply alongside price, the risk of a pullback could grow. For now, the neutral futures environment combined with moderate spot market activity provides a base for potential incremental gains. TRON On-Chain Data Reveals Exchange-Linked Transfer Spike In a separate observation, CryptoQuant analyst CryptoOnchain highlighted unusual network activity on July 19, 2025, when more than 3.426 billion TRX, valued at roughly $1.11 billion, moved across the blockchain in a single day. A closer breakdown of these transactions indicates that this surge was not the result of organic user demand but was instead tied to operational movements between a small group of large wallets. The data shows that two back-and-forth transfers of 612 million TRX each between two addresses accounted for around 36% of that day’s total value, fitting the pattern of a hot-to-cold wallet rebalance often associated with exchanges. Additional chains of transfers, including fixed-denomination movements of between 3 million and 7.5 million TRX, also align with common exchange deposit and withdrawal processing. Related Reading: TRON Crosses 11.1 Billion Transactions as USDT Activity Powers Its Momentum While over 85% of the day’s total transfer volume was traced to this interconnected wallet cluster, both Arkham and Tronscan list no official ownership labels for the addresses. Nevertheless, the mirrored transaction flows and their structured nature strongly point toward centralized custody, likely by an exchange or large service provider. Compared with a similar event in June 2023, the July 19 spike occurred within a broader trend of increasing transactions per second (TPS) and total transaction volume in 2025. This suggests that while the event itself was operational, TRON’s underlying network activity continues to expand. CryptoOnchain cautions that such operational spikes should be distinguished from genuine adoption surges to avoid overestimating organic growth. Featured image created with DALL-E, Chart from TradingView
The Ether unstaking queue has a 15-day wait as investors aim to withdraw a record $3.8 billion in ETH.
According to reports, USELESS coin surged 52% in a single day after becoming the first memecoin from LetsBONKfun to land on Binance. Related Reading: Dogecoin Draws New Attention As Open Interest Tops $3 Billion The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight. Social interest rose alongside the price: 30-day growth was 42%, which translated to nearly 9,700 new followers, data from Messari shows. Exchange Listings Fuel Hype Reports have disclosed that other platforms moved quickly. Kraken listed the token amid the buzz, and Coinbase added USELESS to its listing roadmap, making the token visible to US markets. That wider exposure appears to have attracted new buyers and attention. Some traders said that easing crypto rules and exchange access were helping memecoins get more eyes and more capital. Deposits for $USELESS are now open on https://t.co/AZwoBOh0gq! Trading on the USELESS/USDT pair will begin on Aug 14 at 7 a.m. EDT.@theuselesscoin is Solana’s unapologetically pointless memecoin, a parody of “serious” crypto that thrives on meme power and a growing community. — Binance.US ???????? (@BinanceUS) August 13, 2025 Buyers Pushed Early And Some Took Profits Orderbook snapshots showed heavy bids before the Binance announcement, and some market watchers flagged those buys as suspicious. USELESS social interest up. Source: Messari. Insider buying is a common concern around listings, and the timing here raised eyebrows. After the launch, price shot to $0.31 from $0.22, then cooled as profit-taking set in. By the second day, buy-side depth had thickened while taker buy/sell volume began to ease. Overall Activity Up 300% Trading activity spiked. Daily volume reached $420 million, which was more than 1.5x the token’s market cap according to trade tallies. In the run-up and immediate aftermath, overall activity rose by almost 300%. Recovery phase for Bonk’s pairs, led by hard-working communities that never stopped during the bear days.#USELESS target is $5B.$KORI, $MOMO, and #旺柴: each aiming for at least $300M. The Bonk community stands apart from other launchpad platforms, with projects here often… pic.twitter.com/dKwIMmbtJW — ????️GEM DETECTER????️ (@gem_detecter) August 14, 2025 On decentralized exchanges, netflows put USELESS at the top of the list among the top 10 coins by netflow, even ahead of Bonk [BONK]. Gem Detector data on X showed USELESS as the most held token among the platform’s top four memecoins, a sign that community interest was strong. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Technical indicators signaled higher volatility as Bollinger Bands widened. The midpoint of the bands sits near an earlier resistance at $0.27, which could act as the next support. Resistance around $0.33 looks to be a key pivot; a clear break above that might open a path toward $0.40. If $0.27 fails, the token could slip back to $0.22, the level where the surge began. Aggregated spot and bid delta hit its highest level since launch, even as taker buy volume tapered off. Featured image from X/@theuselesscoin, chart from TradingView
The Ronin team said that a more performant blockchain and Ethereum’s Wall Street appeal drove the decision to return to the ecosystem.
The U.S. Justice Department authorized the seizure of more than $2.8 million in cryptocurrency, cash, and other assets from a suspected ransomware operator, according to an Aug. 14 announcement. Federal prosecutors unsealed six warrants tied to Ianis Aleksandrovich Antropenko, charging him with conspiring to commit computer fraud and abuse, committing computer fraud and abuse, and […]
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Bitcoin is approaching a critical juncture as its textbook ascending triangle converges with a tight trading range. Consolidation near key support and resistance levels sets the stage for a potential breakout or breakdown, making the next moves crucial for market momentum. Ascending Triangle Signals Strength Alpha Crypto Signal, in a recent post, highlighted that Bitcoin is currently shaping a textbook ascending triangle pattern on the daily chart — a well-recognized bullish continuation setup. The analyst explained that price action is consolidating just under the horizontal resistance zone at $122,500, while a series of higher lows continues to form along the rising trendline, signaling strong underlying demand. Related Reading: Bull Case For Bitcoin At $300,000 Triggers After Reaching Critical Level The analyst emphasized that as long as BTC holds above the 9 EMA at $118,738 and respects the ascending triangle’s support line, the overall bias remains bullish. These levels are crucial in maintaining the pattern’s structure, and a break below them could shift sentiment in favor of the bears. The persistence of higher lows indicates that buyers are consistently stepping in, preventing significant pullbacks, as indicated on the chart. In conclusion, Alpha Crypto Signal stated that a clean break above the $122,500 resistance, backed by strong volume, could open the door for BTC to push toward a new all-time high. Such a move is likely to confirm the ascending triangle breakout and potentially trigger the next major bullish wave in the market. Bitcoin Stuck Between $112,592 And $123,334 In an X post, X_Crypto, after examining Bitcoin’s action in a 4-hour timeframe, revealed that the flagship asset is currently trading within a defined range between $112,592 and $123,334, as highlighted on the chart. Meanwhile, the price is hovering around $119,106, with local support at $117,445 and the nearest resistance set at $123,334. Related Reading: Bitcoin Price Wobbles Below Resistance – Could a Fresh Drop Follow? The analyst noted that above the current range, $124,576 stands out as a key resistance zone. If this level is breached, the next upside target would be $127,272, which could serve as a profit-taking point in a bullish scenario. These levels will be critical in determining the strength of any upward continuation. On the downside, X_Crypto pointed out that a break below $117,445 could open the way for a drop toward $112,592 — the lower boundary of the range and a strong support zone where buyers are likely to step in. This area, the writer stressed, will be pivotal for defending the broader bullish structure. Lastly, indicators on the lower timeframes, as mentioned by X_Crypto, are showing local oversold conditions, hinting at a potential short-term bounce. However, the analyst cautioned that without sustained consolidation above $119,106, selling pressure could persist, limiting any meaningful upside momentum. Featured image from Getty Images, chart from Tradingview.com
The United States spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have posted a record weekly traded volume. Following a renewed demand for Ether’s investment products by institutional investors, the U.S. spot BTC and ETH ETFs recorded the biggest weekly traded volume of about $40 billion in the past five days. During the past …
The latest legal battle between Digital Currency Group and Genesis centered on a promissory note issued amid the collapse of Three Arrows Capital in 2022.
American Bitcoin is reportedly exploring acquisitions in Japan and Hong Kong to expand its Bitcoin stockpile.
Gemini revealed $282.5M in losses for H1 2025 as it made its IPO filing public, confirming plans to list on Nasdaq under GEMI.
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Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions. According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion. Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4% […]
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Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all cryptocurrency exchanges has sharply declined from its late-July and early-August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped to 0.25 in early August before a modest rebound. In contrast, the period from May to late July saw both the price and leverage ratio climb in tandem, signaling an influx of traders opening larger positions. In contrast, this time leverage has fallen without a comparable drop in price – a sign that risk has eased since the recent uptrend. Arab Chain notes that this may be the result of high-risk positions being liquidated or traders exiting the market amid volatility. With BTC holding around $119,000, the lower leverage ratio is a bullish sign, suggesting that the latest price gains are fueled more by genuine liquidity than speculative excess. A continued decline in leverage could further reduce the likelihood of a sharp correction. Conversely, a sudden spike in leverage alongside a price rally would raise the risk of a pullback. The analyst added: If leverage remains at moderate or low levels while the price remains stable, this could provide a stable base for a new uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, accompanied by a gradual price break above 120K, could indicate a spot-supported upside and a possible extension toward the July highs, with moderate funding and slowly rising open interest. However, a quick jump in the leverage ratio above 0.27 before or during a test of $120,000–$124,000 could signal high liquidation risk and the potential for a sharp downward “shakeout.” On-Chain Data Points To Potential Selling Pressure While lower leverage is encouraging for Bitcoin bulls, on-chain data – particularly rising exchange reserves and whale transfers – hints at possible selling pressure ahead. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity For instance, Binance’s BTC reserves have recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s recent rally to a fresh ATH. Likewise, more BTC miners are moving their holdings to Binance, potentially preparing to sell. Adding to the caution, some analysts warn of a possible pullback to $110,000 to fill outstanding fair value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Digital Currency Group has sued its subsidiary, crypto lender Genesis, in the latest twist of a saga that's been unfolding since 2022.
Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare.
Ethereum (ETH) price has cooled off from the bullish volatility experienced earlier this week during the last two days. The large-cap altcoin, with a fully diluted valuation of about $530 billion, dropped over 3 percent in the past 24 hours to trade at about $4.4 on Friday, August 15, during the mid-North American session. Bullish …
Grayscale filed for a spot Dogecoin ETF just one day after the SEC delayed its decision on 21Shares DOGE product.
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BitMine has become the first corporate treasury to surpass 1 million Ethereum (ETH) in holdings after its stash climbed to 1.17 million ETH on Aug. 15, valued at over $5 billion. The firm added 317,126 tokens worth approximately $2 billion in a single week. BitMine chairman Tom Lee said on August 4 that the firm intends […]
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A leading market analyst is warning XRP holders that dreams of a $1,000 price tag are far from reality. The expert, Tony The Bull, says the numbers simply do not add up, and reaching that level would require an economy-shaking leap in value. According to him, the market cap at such a price would not only surpass major companies and industries but would also outsize entire nations’ economies. He calls this level “fantasy pricing” and stresses that it is not something the market will see in 2030. Why A $1,000 XRP Price Defies Economic Reality Tony The Bull explains that a $1,000 price for XRP would create a market cap so large it would completely change the global financial landscape. At that level, XRP would be worth four times the total market cap of gold. For context, gold is considered one of the most valuable and stable assets in the world, yet the cryptocurrency would have to multiply that value fourfold. Related Reading: Ethereum Still At Risk Of Being Overtaken By XRP? Analyst Walks Back Shocking Prediction A $1,000 XRP would make its market cap fifteen times larger than Apple, the most valuable publicly traded company on the planet. This kind of valuation, according to Tony, is beyond what the current or foreseeable market could support. On a global scale, it would equal half of the total world GDP. In other words, half of all economic activity on Earth would have to be matched by a single cryptocurrency, something that has never happened in history. The market expert also points out that this hypothetical market cap would also be half the value of the entire global stock market. That means XRP alone would have to rival half the value of every listed company combined. Tony stresses that these comparisons show the $1,000 target is not just ambitious, it’s far beyond realistic market conditions. Expert Labels XRP $1,000 Target As “Fantasy Pricing” Because of these staggering numbers, Tony does not hesitate to call the $1,000 prediction “fantasy pricing.” Looking at hard facts, the global economy, asset values, and cryptocurrency market structure simply do not align with such a price level for XRP. Related Reading: The Grand Bitcoin Roadmap: Crypto Expert Says $160,000 Still In The Works He adds that it’s not a possibility in 2030, no matter how optimistic some investors may be. Even with strong market performance, growth, and adoption, the gap between reality and a $1,000 price is too wide to close in the near term. For holders who still cling to the hope of hitting that number, Tony delivers a blunt reality check. They might need to hold their investment for an entire generation, decades of waiting, and even then, there’s no guarantee such a level would ever be reached. Tony aims to ground the conversation in facts rather than hype. While optimism is common in the crypto world, he believes investors also need to be realistic about what’s possible and what isn’t. For XRP, the $1,000 dream is one that may remain just that, a dream. Featured image from Dall.E, chart from TradingView.com
Bullish’s blockbuster IPO headlines a week of big crypto moves — from Pantera’s $300 million treasury bet to BitMine’s $24.5 billion Ether grab.
The cryptocurrency, allegedly linked to ransomware proceeds, is expected to be added to the US crypto reserve.
Bitcoin falls below $117,000 again, raising worries about the upcoming “ghost month.” Are traders bracing for more losses or buying the dips?
Digital Currency Group (DCG) has sued its lending subsidiary Genesis, asking a bankruptcy court to confirm it is owed more than $105 million plus interest on a financial backstop extended during the 2022 crypto downturn. The case, filed on Aug. 14 in the U.S. Bankruptcy Court for the Southern District of New York, centers on […]
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The global financial system is on the verge of a seismic shift. A prominent figure in the financial institution believes that tokenized assets could grow into a $100 trillion market in the coming years. As tokenization expands, Ethereum is positioned to become the foundation of a new, faster, and more accessible global financial system. Ethereum As The Settlement Layer For Global Finance In an X post, CryptoGucci shared a clip of SharpLink Gaming (SBET) Co-CEO Joseph Chalom outlining his bullish outlook for Ethereum, while forecasting a financial tectonic shift. According to Chalom’s statement, the tokenized assets will surge to a staggering $100 trillion in market cap, and Ethereum will be the financial backbone keeping it all moving. Related Reading: Are Ethereum Treasury Companies A Threat To Bitcoin? Michael Saylor Reveals His Stance Chalom also mentioned that the new asset class won’t be limited to niche crypto tokens. It will encompass everything from stablecoins to traditional funds, and real-world assets (RWAs), which will grow into $100 trillion market cap. The defining features of this revolution will be programmable, decentralized, and 24/7 global accessibility, all of which demand a neutral, trusted, and always available ecosystem. For Chalom, the answer is obvious, and that layer is Ethereum. The network’s unmatched developer ecosystem, battle-tested security, and thriving DeFi infrastructure make it the natural backbone for a programmable, multi-trillion-dollar global economy. Such a development will rejuvenate and drive the growth of ETH. According to the CEO, SharpLink’s mission is aligned with that vision. The company aims to drive adoption, build market awareness, and aggressively accumulate ETH for its shareholders, while positioning itself as one of the dominant ETH treasuries in existence. Overall, Chalom’s comments about Ethereum’s prospects underscore how the network is becoming the bedrock of a $100 trillion global transformation, and a future where every asset, every payment rail, every settlement flows through the ETH network. This isn’t just a shift in technology; it is the rewiring of the global financial system. Futures Market Shows ETH’s Increasing Market Maturity As Ethereum continues to expand its role in DeFi, staking, and tokenized assets, the Chicago Mercantile Exchange (CME) Ethereum futures have smashed records, signaling institutional confidence. An analyst known as CryptoBusy has revealed on X that July was a historic month for ETH futures on CME, with trading volume hitting an all-time high of $118 billion, which is the largest ever recorded. Related Reading: Ethereum CME Gap Threatens Recovery, Why A Crash To $4,080 Is Possible While the CME futures exploded to new heights, ETH’s open interest also witnessed a notable increase. This highlights a shift in market behavior as institutions are chasing short-term gains and also positioning themselves for bigger, longer-term moves ahead, signaling growing confidence in ETH as a strategic asset. Featured image from Pixabay, chart from Tradingview.com