The collaboration signifies a pivotal shift towards integrating blockchain for transparent and efficient economic data dissemination.
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Bitcoin is currently consolidating within a narrow range, trading below the $115,000 level while holding key support above $110,000. This consolidation reflects the ongoing tug-of-war between bulls and bears, as volatility continues to push the market in both directions. Despite the temporary stability, recent price action shows that selling pressure has gained a slight edge, leaving traders cautious about the next major move. Related Reading: Bitcoin Taker Buy/Sell Ratio Plunges To Lowest Since 2018: Strong Sell Signal Flashes Top analyst Darkfost has highlighted an important on-chain development that adds context to this phase. According to his data, the percentage of Bitcoin supply in profit has now reached a historically critical threshold. This metric, which tracks how much of the circulating supply is currently above its cost basis, has long been a key guidepost for identifying major phases of the cycle. While a large share of supply in profit is not inherently bearish, history shows that such levels often coincide with pivotal turning points in Bitcoin’s market structure. With BTC consolidating in this crucial zone and profit supply peaking, the market stands at a delicate moment. Whether Bitcoin can reclaim momentum above $115K or faces a deeper correction may depend on how investors react to this latest signal. Bitcoin Supply In Profit Reaches Critical Cycle Zone According to top analyst Darkfost, the current level of Bitcoin supply in profit carries far more nuance than many assume. While some investors interpret a large share of coins in profit as a bearish warning, Darkfost emphasizes that it is, in fact, a necessary component of Bitcoin’s cyclical behavior. Contrary to what many might think, he explains, “a high percentage of supply in profit is what fuels the euphoric waves that drive the market forward.” Looking at history, the long-term average of supply in profit sits at roughly 75%, defined by a bell curve of Bitcoin’s performance since inception. In other words, across cycles, three-quarters of supply tends to sit in profit at any given time. When this ratio climbs above 90%, it usually signals a period of strong bullish momentum — the kind often seen in major bull markets. Such elevated levels create the psychological backdrop for rallies to extend, as confidence builds and capital flows into the market. However, Darkfost also warns that this metric can signal turning points. Once the percentage of supply in profit drops back below 90%, the market often transitions into corrective phases. These can be short-lived pullbacks or prolonged downturns, but historically, the break beneath that line has marked the shift away from euphoria. Bitcoin’s position near this threshold highlights the stakes. If supply in profit remains elevated, the market could continue its upward march. If not, the risk of a deeper correction grows, reinforcing the importance of this metric as a cycle-defining indicator. Related Reading: Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility Bulls Struggle To Regain Momentum After Pullback Bitcoin is trading near $112,900 after a rebound from lows around $110,800, yet the chart shows that momentum remains fragile. Following the rejection at $123,000 earlier this month, BTC entered a corrective phase, slipping below both the 50-day and 100-day moving averages, which now act as resistance near $115,700–$116,600. This area stands out as the immediate barrier for bulls to reclaim if they want to shift the trend back in their favor. The 200-day moving average at $111,600 is currently providing a layer of support, helping BTC stabilize after recent volatility. Holding this zone will be crucial in preventing a deeper retrace toward the $108,000 region. If buyers can defend this level while building momentum, the market could stage a relief rally back toward the mid-$115K range. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level However, failure to reclaim the moving averages would leave BTC vulnerable to extended downside pressure. The inability to hold above $115K has already signaled fading strength, and without a decisive breakout, sellers could regain control. For now, Bitcoin sits in a consolidation phase, caught between critical support and resistance, with the next move likely to determine whether the market stabilizes or slides further. Featured image from Dall-E, chart from TradingView
The miner 80% owned by Hut 8 is finalizing a merger with Gryphon ahead of listing. Trump brothers hold the other 20% stake.
Bitcoin’s current price is “too low” compared to gold, given its volatility has fallen to historic lows, JPMorgan analysts said.
The Hedera token traded in a tight range with elevated volumes as global finance giant SWIFT tests its blockchain and Grayscale launches an HBAR investment vehicle.
The raise brings Portal’s total funding to $92M as it pushes to make Bitcoin the anchor of tokenized and cross-chain markets.
The US Department of Commerce has begun publishing official economic statistics directly on public blockchains, describing this as a new approach to transparency and data security. The pilot program launched on Aug. 28 includes nine networks, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. The announcement confirmed, “The Department published an official hash of its quarterly GDP data release […]
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The United States Department of Commerce (DoC) has posted key economic data on blockchain technology. The DoC rolled out macroeconomic data from the Bureau of Economic Analysis (BEA) on several blockchains including Bitcoin (BTC), Arbitrum (ARB), Base, Botanix, Ethereum (ETH), Linea, Mantle, Optimism, Sonic, and ZKsync. The U.S. macroeconomic data was onboarded on the various …
The U.S. Department of Commerce said it issued its gross domestic product data via nine blockchains, including Bitcoin, Ethereum and other crypto-world pathways.
Chainlink (LINK) has experienced a significant surge, climbing back above the $25 mark on Thursday, thanks to a new partnership with the US Department of Commerce. This collaboration has propelled the LINK price to a notable 6% gain, allowing it to outperform the largest cryptocurrencies in the market. Chainlink Unveils Data Feeds For Key US Economic Metrics The decentralized oracle network announced its initiative to bring critical US government macroeconomic data on-chain, sourcing information from the Bureau of Economic Analysis (BEA). The new Chainlink Data Feeds will deliver essential economic indicators, such as Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. Related Reading: Finance News Giant Outlines Where XRP Could Be In 2026 And Beyond This data will be updated on a monthly or quarterly basis and is initially accessible across ten blockchain networks, including Arbitrum (ARB), Avalanche (AVAX), Ethereum (ETH), and Optimism (OP), with support for additional chains expected as demand grows. During the announcement, Chainlink also revealed its proactive engagement with US government officials and regulators, including meetings with the US Securities and Exchange Commission (SEC). Will LINK Price Rally Push It Past $30? The implications of this partnership are substantial, potentially enhancing the visibility and adoption of Chainlink and increasing demand for its services. This development comes on the heels of an impressive year for LINK, which has recorded a 120% increase in value year-to-date. Looking ahead, LINK is positioning itself for a potential move toward the $30 mark. However, it faces a crucial resistance level at $27, which has proven to be a significant barrier over the past eight months. Related Reading: Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ETH Outperform BTC? The token has struggled to surpass this threshold since December of last year. Should LINK break through this resistance in the near future, the next target would be set at $30.80, where the next resistance level is expected to act. Interestingly, prediction market Kalshi anticipates that the LINK price could reach a yearly high of $40, fueled by the ongoing developments surrounding the Chainlink network, which have consistently bolstered bullish sentiment among investors. With the LINK price trading at $25.68, the cryptocurrency still trades 51% below its all-time high record of $52.70. Featured image from DALL-E, chart from TradingView.com
Caliber’s stock soared 77% after the Nasdaq-traded firm announced a Chainlink treasury plan, even as it faces potential delisting over a $17.6 million deficit.
El Salvador’s President Nayib Bukele recently stirred online buzz after reacting to discussions about the country’s Bitcoin reserves potentially reaching $1 billion. The country is attracting global attention for its bold experiments with Bitcoin, including plans for Bitcoin banks and expanded crypto education programs. Let us take a closer look at the latest developments and …
PYTH and CRO rose about 48% and 38% over 24 hours, leading altcoin performance as Cronos-linked tokens reacted to a new treasury venture and oracle markets priced fresh headlines and listings. CRO’s move tracked a three-way deal to create a publicly traded CRO-focused treasury vehicle. Trump Media & Technology Group, Crypto.com, and the Yorkville SPAC […]
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The latest $20 million strategic round comes from HashKey Capital, Pantera Capital, and Primitive Ventures, among others.
Ethereum has once again overtaken Bitcoin in the competition for institutional attention, with Spot Ethereum ETFs recording larger inflows than their Bitcoin counterparts in the past few days. This trend might be building up another chapter in the growing debate over whether Ethereum is on track to start outperforming Bitcoin in terms of price action, which might lead to another altcoin season this cycle. Ethereum ETF Inflows Surpass Bitcoin Once Again Data from ETF trackers show that Ethereum funds have been posting stronger inflows than Bitcoin ETFs across several sessions in recent days. According to data from Farside Investors, US-based Spot Ethereum ETFs captured around $307.2 million in net inflows on August 27, bringing the total cummulative netflow to $13.64 billion. Related Reading: BlackRock’s Crypto Holdings Balloon As Bitcoin, Ethereum Reach For New ATHs — Here Are The Numbers The bulk of these inflows came from BlackRock’s iShares Ethereum Trust (ETHA), which attracted $262.6 million on the day, while Fidelity’s FETH added $20.5 million. By contrast, Spot Bitcoin ETFs based in the US managed to attract just $81.4 million in net inflows. The ETF inflows in the past 24 hours are not an isolated occurrence. Ethereum has now outpaced Bitcoin inflows across multiple consecutive trading days to give a glimpse into institutional sentiment toward the second-largest cryptocurrency. For example, August 26 was highlighted by a $455 million inflow into Spot Ethereum ETFs, compared to $88.1 million into Spot Bitcoin ETFs. The previous day (August 25) saw a similar pattern, with $443.9 million directed into Ethereum funds versus $219.1 million into Bitcoin. The surge in Ethereum inflows can be traced back to the middle of July, when Spot Ethereum ETFs first surpassed Bitcoin’s daily inflows. During that period, ETH funds brought in $603 million on July 17, compared with Bitcoin’s $522 million, to establish a precedent that appears to be repeating. Will Ethereum Outperform Bitcoin This Cycle? The recent trend of Ethereum ETFs outperforming their Spot Bitcoin ETFs is sure to resonate well with many Ethereum proponents, who are awaiting a full-blown altcoin season led by the leading altcoin. However, the important question is whether Ethereum’s recent momentum can translate into long-term outperformance of Bitcoin. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Will Cross $9,000, Here’s When Alongside the divergence in ETF flows, the price action of Ethereum and Bitcoin has also highlighted their contrasting trajectories in recent days. Ethereum has been trading with stronger upside pressure and less downside pressure, which allowed it to reach a new all-time high of $4,946 on August 24. At the time of writing, Ethereum is trading at $4,616 after testing an intraday high near $4,658 and a session low of $4,473. Bitcoin, on the other hand, is steady but showing less upward momentum. At the time of writing, Bitcoin is trading at $113,100 after trading between roughly $110,465 and $113,332 on the day, which keeps its price movement tilted more towards the downside. Featured image from iStock, chart from Tradingview.com
Bitcoin leads the way, but a new wave of blockchains offers compelling opportunities with applications that are growing and generating revenues.
Following in the footsteps of other altcoin DATs, Nasdaq-listed Caliber said its board of directors approved a plan to use funds to buy LINK.
Mo, which has now raised almost $100 million in capital do far, declined to disclose its valuation in the funding round, according to the report
Federal Reserve Board Governor Lisa Cook sued President Trump after he tried to fire her from the central bank, according to news reports.
The move initially targets blockchains including Bitcoin, Ethereum, Solana, Base, Avalanche, Arbitrum, and Optimism.
The US government announced on Tuesday that it is publishing economic data onchain to boost transparency for government spending.
Tether confirmed on Aug. 28 that its flagship USDT stablecoin will be issued directly on Bitcoin via the RGB protocol. This marks the first time a major stablecoin is being deployed natively on the Bitcoin network rather than through sidechains or wrapped assets. Speaking on this move, Tether CEO Paolo Ardoino said: “Bitcoin deserves a […]
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The Series B funding round was led by Sapphire Ventures, with participation from Samsung Next, Dragonfly, Galaxy Ventures and Norwest.
And the market has liked it, with CRO jumping 160% on the news; plus crypto majors extend rally after NVDA shares positive earnings
Chainlink's LINK token surged after it announced that it will host official macroeconomic data feeds from the U.S. Commerce Department on blockchain via CCIP.
Blockchain integration in economic data distribution could enhance transparency, accessibility, and trust in government-released statistics.
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According to Forbes, XRP’s next five years will hinge on whether it can turn legal clarity into real payment use and steady liquidity. Related Reading: Could Pi Network Land On Coinbase? Hackathon Winner Thinks So The token is trading at $3, up 4% in the last seven days. It has a market cap of about $176 billion. That puts XRP back among the top three crypto assets by capitalization. Regulatory Clarity Gives XRP A Running Start In July 2023 a US court found that programmatic sales of XRP on public exchanges were not securities, while some institutional sales remained in question. The matter moved again in August 2025 when both the SEC and Ripple dismissed appeals, preserving that split ruling. That step removed a long-standing legal overhang that had discouraged many institutional players from moving forward in the US. Market Snapshot And On-Chain Tools Reports show recent price peaks vary by source — $3.84 on some trackers and $3.65 on others — but liquidity metrics have improved. The XRP Ledger settles transactions in three to five seconds and typically charges under $0.01 in fees. In March 2024 the ledger added an on-chain automated market maker via the XLS-30 amendment. Payments And Remittances Could Drive Demand Global remittances to low- and middle-income countries reached over $680 billion in 2024, with average fees near 6%, while the UN target is 3%, Forbes said. Ripple already runs production corridors with partners such as SBI Remit in Japan and Onafriq in Africa, connecting payments to the Philippines, Vietnam, Indonesia and 27 African countries. If treasurers and regulators in those corridors accept crypto rails, XRP could win steady, utility-driven flows rather than pure speculation. Products And New Channels For Investors Ripple launched RLUSD, a dollar-backed stablecoin, in 2025 with reserves custodied at BNY Mellon. Multiple issuers have filed S-1 and 19b-4 forms for US spot XRP products. Those filings could create a fresh demand channel if approvals follow. According to Finder’s expert panel in July 2025, the average XRP price is expected to be $2.80 by the end of 2025 and $5.25 by 2030 — projections that depend on adoption, liquidity, and market-access steps such as ETFs. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details Where XRP Could Stand In Five Years According to Forbes, if corridor volume shifts from fiat and stablecoins into XRP, and if custody and ETF channels open, demand could grow in a sustained way. In that scenario, price upside would be supported by both real payment flows and passive investment. If those pieces do not align — if stablecoins dominate corridors, if CBDCs gain traction, or if execution issues persist — XRP may stay widely traded but see limited real-world settlement use. Featured image from Token Metrics, chart from TradingView
Bitcoin DeFi company Labard Finance is extending its fast-growing yield-bearing asset protocol, LBTC, to the Solana Layer 1.
Crypto firms collaborated with APAC-based law enforcement to freeze $46.9 million in USDT related to a "pig butchering" scam.
Tether will launch USDT on RGB, a Bitcoin-tied protocol compatible with Lightning, to further expand USDT beyond Tron and Ethereum.