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Is Trump getting rid of the income tax? President Donald Trump says tariffs could eliminate income taxes for most Americans. Economists disagree, but Trump is adamant that his tariff policy could wipe out income taxes for most households. “When tariffs cut in, many people’s income taxes will be substantially reduced, maybe even completely eliminated,” Trump said Wednesday. Trump says his policy would focus on Americans and investors making less than $200,000. Census Bureau data shows only 14.4% of U.S. households earned above $200,000 in 2023. If Trump’s proposal were true, most Americans would no longer pay federal income taxes. Is Trump Getting Rid of the Income Tax? Why Economists Say Tariffs Can’t Replace Income Taxes While getting rid of the income tax sounds nice, the numbers don’t align. According to Tax Foundation economists Erica York and Huaqun Li: “The individual income tax raises more than 27 times as much revenue as tariffs currently do,” said Li. “Even eliminating income taxes for a subset of taxpayers would require significantly higher replacement revenues than tariffs could generate.” (Source: Tax Foundation) As for crypto investors, many of us can avoid income tax by moving to areas with low taxes, but there are still capital gains to worry about. You’re going to pay the tax man one way or the other. Meanwhile, Trump’s scheduled tariffs in 2025 are estimated to raise $167Bn in revenue, covering less than 25% of the cost of eliminating income taxes for households earning below $200,000. Recent data from the IRS also shows the federal income tax brought in $2.2Tn in 2023, while all tariffs combined generated under $100Bn. The gap underscores why experts doubt tariffs can fully replace the system. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 Project 2025 and the Push Toward a Consumption Tax Trump’s income tax elimination comes from the Republican-backed Project 2025 proposal. One of the plan’s sponsors, and recently ousted IRS Chief Billy Long, previously sponsored legislation to abolish the IRS and implement a national sales tax. The White House also plans to cut IRS staff by 18%, reducing compliance oversight and enforcement. (Source:Tax Law Center) While Trump’s plan faces skepticism, investors have legal strategies to reduce taxes. Scott Galloway of NYU, and other top crypto investors, suggest borrowing against stock portfolios instead of selling: “You own $100 in Amazon stock… instead of selling, borrow against it and let the stock continue to grow.” This strategy avoids triggering capital gains, while investments continue compounding. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Trump’s Tax Plan Could Mean for Markets Talk of tariffs replacing income taxes would radically shift how Washington funds itself. Federal revenue could shrink or deficits balloon, and in that scenario, crypto is likely to draw fresh attention as a hedge against policy chaos. EXPLORE: Gemini IPO Targets $317M as Trump Media Bets $1B on Crypto.com Treasury Strategy Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Is Trump getting rid of the income tax? Trump says tariffs could eliminate income taxes for most Americans. Economists disagree. Talk of tariffs replacing income taxes would mark a drastic shift in how Washington funds itself. The post Is Trump Getting Rid of the Income Tax? New Tariff Plan Could Replace Taxes — But Does the Math Work? appeared first on 99Bitcoins.

Matthew Mežinskis, the analyst behind Porkopolis Economics and co-host of the “crypto_voices” podcast, told Marty Bent on TFTC that Bitcoin’s late-cycle upside remains larger than most models imply, arguing that price action continues to track a long-standing “power trend” that has governed every prior boom. Anchoring his view in percentile “bands” around that trend, he contends the market can still deliver a two-to-three-times move into year-end, placing a $250,000 to $375,000 range in play. Bitcoin 4-Year Cycle Still In Play? Mežinskis frames the thesis in stark, testable terms. “Bitcoin has traditionally during the booms very easily gotten above the 80th percentile each time,” he said, noting that the strongest phases in earlier cycles climbed “very easily” above the 90th as well. He defines the 80th percentile as roughly 1.3× the trend and the 90th as 2×. On his model, the end-2025 trend value sits near $125,000, which fixes the 80th-percentile validation line at about $170,000 and the 90th at $250,000. “If we don’t get above 170k by year end or into like the first couple months of next year then I would…rethink the idea of the four-year cycles,” he said, before stressing that “it hasn’t been invalidated yet.” The centerpiece of his outlook is a simple rule-of-thumb extrapolation from those bands. “The 90th is 2x…so 2x is $250k,” he explained. He then extends the historical envelope to the mid-90s percentiles to size a more aggressive—but still precedent-based—target. “In 2021…it was a 96th percentile…the 2.8x—round it here—3x,” he said. “Totally base case, totally possible…would be 2 to 3x the trend…$250k to $375k Bitcoin.” Even as he embraces that range, he tempered expectations for a blow-off beyond it. “I would be very surprised if Bitcoin went above $350 or $375k by the end of the year, but I think it’s possible.” His framework is deliberately non-technical in the chartist sense. “We’re just looking at the power trend and where the price typically is over or under trend every four years,” he said. The model—represented by a “black line” he’s tracked since 2016—has, in his telling, proved more durable than the once-fashionable stock-to-flow approach: “It’s like the best trend line in all of finance…certainly better than the old stock-to-flow ratio.” The percentile overlays are frequency-based markers: the 90th denotes a level above which only 10 percent of observations sit, the 99th above only 1 percent. Historically, he observed, the most explosive cycles—2013 and 2017—briefly reached the 99th percentile, roughly 4.6× trend, a zone 2021 never touched. That “softer top” dynamic is consistent, he argues, with maturation: “As Bitcoin gets more adopted, these peaks do come down.” Pushing beyond the base case, Mežinskis addressed the outlier narratives circulating on social media. He acknowledged hearing projections in the “$444,000 in November” neighborhood and mapped them to his high-percentile bands: “400,000 is the 97th…[between] the 97th and 98th percentile, it’s pretty rare.” Those levels, at about 3½× trend, are—by definition—levels the market spends very little time above. None of this, he emphasized, is a timer. The framework “doesn’t tell you the time…we’re just assuming the four-year cycle.” If the cycle extends or compresses, the model won’t predict that path; it only sketches the altitude the market has historically achieved once a boom is underway. “If the market gets heated…if grandma’s getting excited this Thanksgiving…and giving her grandchildren money to buy Bitcoin, then perhaps it could happen again,” he quipped, before reiterating: “Absolutely possible that we have lower highs and even possible that we get out of the four-year cycle, but I’m still not seeing it based on the price action.” Mežinskis also flagged the hazards that often follow euphoria, warning that narrative shifts at elevated plateaus can coincide with leverage-driven fragility. Should Bitcoin treasury companies lever short-dated convertible debt to chase higher prices, a downturn could expose maturity and liquidity mismatches. “You could see absolutely a cascading [of] liquidations of these Bitcoin treasury companies,” he said, adding that reflexive waves can “go as high as the White House” in terms of policy attention if the cycle crescendos at scale. He was careful not to present that as a base case—“I’m not saying that it will”—so much as a reminder that what climbs on leverage can unwind through the same channel. The test he sets for the market over the next few months is crisp. A move above the 80th-percentile line—about $170,000 given his end-2025 trend—would keep the four-year template intact; a run into the 90th-percentile band would align with prior booms and mechanically prints a ~$250,000 spot price; an excursion toward the mid-90s percentiles would extend the tape to roughly $375,000, a level he calls the “max” he would expect this cycle—even if, as history shows, brief overshoots cannot be ruled out. For now, the structure that’s guided Bitcoin since 2016 “hasn’t been invalidated yet,” and until it is, Mežinskis’ message is unambiguously bullish: the bands are there, the tape has visited them before, and the upper ones still sit far above spot. At press time, BTC traded at $110,397.

Asia Market Wrap - Nikkei Gains 1.5% Most Read: GBP/USD Forecast: Cable Recovers but the Outlook Remains Murky. WIll NFP Data Serve as a Catalyst? Stock markets in Asia struggled to move higher on Thursday because a big selloff of Chinese stocks got worse, making investors nervous. This overshadowed the optimism from the previous day, when weak U.S. job data had made people hopeful that the American central bank might lower interest rates. In some good news, Japan successfully sold its 30-year government bonds, which was a big relief for investors. They had been worried that no one would want to buy Japanese debt because of a recent global trend of selling bonds, political problems in Japan, and concerns about the country's finances. Japan's Nikkei bounced back on Thursday after falling to its lowest point in almost a month on Wednesday. The recovery was led by Japanese technology companies, whose stock prices rose after similar tech companies in the U.S. performed well overnight.By the end of the day, the Nikkei index was up 1.5%. The biggest winner was the tech-investing company SoftBank Group, with its stock jumping 6.5%. Other top performers included the cable-maker Fujikura and the chip-equipment maker Advantest. The broader market index called the Topix also finished the day 1% higher. Swiss Headline Inflation Steady, MoM Inflation Drops Into Negative Territory In August, prices in Switzerland were 0.2% higher than they were at the same time last year, an inflation rate that was the same as July's and matched what experts predicted. The main reason for the increase was a big jump in the cost of clothing and shoes, along with small price rises for housing, energy, education, and restaurant meals. However, this was balanced out because prices continued to fall for things like food, transportation, household items, and health services. A key measure called "core inflation," which ignores the changing prices of food and energy, actually slowed down slightly. Interestingly, when just comparing August to the month before, prices overall actually dropped by a tiny 0.1%, which was an unexpected decrease. For more on the performance of the Swiss Franc, read USD/CHF Technical: Potential Swiss franc bullish range breakout as NFP looms European Open - European Stocks Unchanged European stock markets were mostly unchanged as investors felt cautious due to ongoing worries in the bond market. The travel and tourism sector was the hardest hit, with its value dropping significantly. This was mainly because the British airline Jet2 warned that its profits for the year would be lower than it had previously hoped. As a result, Jet2's stock price dropped by a quarter of its value, and other travel companies like TUI and Easyjet also saw their shares fall 4% each. In other news, luxury carmaker Porsche's stock also slipped nearly 1% after the company was moved from Germany's main stock index to a secondary one, following recent losses caused by U.S. import taxes and weaker sales in China. On the FX front, the euro held onto the gains it made overnight trading at 1.1652, while the U.S. dollar was stable when measured against other major world currencies. The DXY was last trading at 98.27. In contrast, the British pound continued to struggle after a tough week, dropping slightly and staying near the four-week low it hit on Wednesday. The Japanese yen saw very little movement and was trading at 148.16 per dollar. Elsewhere, the Australian dollar lost a small amount of value, and the New Zealand dollar was trading at about $0.5869. Currency Power Balance Source: OANDA Labs Oil prices continued to fall, adding to the big drop they experienced the day before. This decline is happening as investors look ahead to a meeting this weekend of the major oil-producing countries, known as OPEC+. At the meeting on Sunday, the group is expected to discuss increasing their oil production again for the month of October. Sources say the producers want to pump more oil to win back their share of the global market. Currently, the price for Brent crude, the global standard, is around $67.17 a barrel, while the main U.S. oil price is about $63.53 a barrel. Gold prices fell slightly as investors decided to sell and lock in their profits. This comes just one day after gold hit a new all-time record high price of $3,578.50 on Wednesday. That record was driven by a growing belief that the U.S. central bank, the Federal Reserve, will soon cut interest rates. Now, investors are waiting for an important U.S. jobs report, which will be released on Friday, for more clues about the economy. The current price for gold for immediate delivery is around $3,538.56 per ounce, while the price for gold to be delivered in December is about $3,596.20. For more on the factors influencing the gold rally, read Gold (XAU/USD) Extends Weekly Gain to 3.5%. More Gains In Store for Gold? NFP Up Next Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session will see attention shift to debt auctions in France and the United Kingdom, which have been at the center of Europe's bond selloff. In the US session, markets will be focused on US ADP employment change data as well as S&P PMI data. Also keep an eye out on news regarding the US-Japan trade deals as news filtered through a short-while ago that Japan and the US are in the final stages of talks to implement lower tariffs on Japanese auto imports. The reports also stated Japan and the US are to issue a joint statement on July trade accord, also MOU on rules for Japan's investment package For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - DAX Index From a technical standpoint, the DAX Index has dropped below the 100-day MA but appears to have found support at the August 4 swing low at 23471. Yesterday saw a mixed day for the DAX as the index fluctuated between gains and losses, finishing the day down marginally by 0.04%. Immediate resistance is now provided by the 100-day MA with a break above leading to a potential retest of the 24000 handle. There remains potential for further downside and a test of the lower band of the channel pattern which is in play. There is also support at the 23212 level which could come into a play in such a scenario. DAX Daily Chart, September 4. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The crypto market opened Thursday with a cautiously positive tone as spot Bitcoin ETFs recorded $301 million in net inflows on September 3, signaling continued institutional interest despite recent volatility. Only Ark Invest and 21Shares’ ARKB posted outflows, while spot Ethereum ETFs faced a $38.24 million net outflow, marking their third straight day of redemptions. Traders are now watching whether this momentum will influence the next crypto to explode or we will witness a further correction from here. BitcoinPriceMarket CapBTC$2.20T24h7d30d1yAll time BTC ▼-0.37% dominance remains at 57.75%, near its late-June highs, as altcoins trade mixed. Niche sectors like DePIN and prediction markets recorded isolated gains, while major Layer 1s such as ETH ▲1.20% lagged, sliding -4.3% weekly versus Bitcoin’s -1.9%. Key U.S. economic data, including ADP employment (expected: 75,000) and initial jobless claims (expected: 230,000), will be released today at 8:30 a.m. ET. A weaker-than-expected employment figure paired with higher claims could boost market sentiment by raising expectations of a softer Federal Reserve stance. EXPLORE: 20+ Next Crypto to Explode in 2025 Next Crypto to Explode? Altcoin Sectors Gain Focus Amid Bitcoin ETF Flows and September Rate Cut Hopes While Bitcoin continues to attract institutional flows, traders are eyeing sectors that could deliver the next crypto to explode. Total crypto derivatives open interest fell 2.3% to $963.8 million, with ETH/BTC funding rates turning slightly negative, indicating cautious positioning ahead of today’s data release. U.S. labor-market signals continued to soften. Job openings fell in July, quits and hiring stayed low, and layoffs remain subdued — a profile consistent with a cooling but not collapsing market. The Fed’s Beige Book described “little or no change in economic activity,” similar conditions for employment, and “moderate or modest” price growth. Taken together, these data bolster expectations for a September rate cut. Emerging narratives in infrastructure and AI-driven altcoins are drawing attention as potential breakout candidates, especially if U.S. macro data triggers a short-term risk-on move. A sustained rise in Bitcoin dominance above 58% could slow altcoin rotations, but a softer jobs report may reignite flows into high-beta names. Stay tuned to our real-time updates below. 2 hours ago Ukraine Moves Toward Crypto Taxation With New Bill By Fatima Ukraine’s parliament, the Verkhovna Rada, has passed the first reading of a bill to legalize and tax crypto, according to lawmaker Yaroslav Zhelezniak. The draft, supported by 246 lawmakers, proposes an 18% income tax and a 5% military tax on crypto profits, with a preferential 5% rate on fiat conversions during its first year. If enacted, the legislation would align with recommendations from Ukraine’s financial regulator and could reshape one of the world’s most active crypto markets. The country currently ranks eighth globally in Chainalysis’s 2025 Global Crypto Adoption Index, with strong participation in both retail and institutional activity. Further revisions are expected before the second reading, including decisions on the regulator’s role. The bill reflects Ukraine’s broader push to formalize its digital asset sector as governments worldwide, including Denmark, Brazil, and the United States, advance their own crypto tax frameworks. The post [LIVE] Crypto News Today, September 4 – BTC ETFs Positive Flow as Markets Await U.S. Economic Data: Next Crypto To Explode? appeared first on 99Bitcoins.

Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility. Naturally, this volatility has spurred a wave of trading as crypto traders see this as a time of opportunity due to the fluctuations. The result of this has been a rapid rise in the open interest of both Bitcoin and Ethereum during this time. While this, on its own, is significant, looking at the previous performances, it could suggest where the Bitcoin and Ethereum prices are headed next. Bitcoin And Ethereum Open Interest Remain Very High Toward the end of the month of August, the Ethereum price began rising rapidly, fueled by large buys from Ethereum treasury companies such as Bitmine and SharpLink. This push would eventually see the Ethereum price reach a brand new all-time high, beating out its $4,800 peak from 2021 after climbing above $4,950. In the same vein, the open interest had risen rapidly, and this metric, too, rose to new all-time highs. By August 23, amid the frenzy, the Ethereum open interest climbed above $70 billion for the first time in history, marking a major milestone. Since then, the Ethereum open interest has retraced. But it is still sitting above $55 billion at the time of this writing, suggesting that interest in the altcoin is still high. While the Bitcoin open interest did not hit new peaks in the month of August like Ethereum, it also remained at very high levels. Data from Coinglass shows that the Bitcoin open interest is still averaging at a high $80 billion, still close to the $86 billion all-time high that was recorded back in July. What The Open Interest At ATHs Could Mean Looking at previous performances when the Bitcoin and Ethereum open interest have been at all-time high levels, there is usually a period of consolidation that follows, especially as price retraces. This was seen after the first all-time highs of the year back in February, which was followed by a few months of consolidation. Then again, the peaks in June were followed by short consolidations, which ended in July. And then, another consolidation before the open interest started to rebound in August. This shows that the period of consolidation is not always long, but at the end of it is always another rise in open interest that coincides with a rise in price. From here, if the Bitcoin and Ethereum open interest were to hit new peaks, it would probably mean that their prices are ready to hit new highs as well. Following the trend of the last few months, the open interest could start to pick up again toward the end of September, propelled forward by price recoveries.

Is the EU secretly setting the stage to push USD stablecoins like USDT and USDC out of Europe? Christine Lagarde’s latest remarks hint at a game-changing crypto move. Could tougher rules mean delistings for non-compliant stablecoins? Traders are left guessing as MiCA enforcement heats up and the ECB steps in to “close loopholes” before they spiral out of control. With the U.S. passing the GENIUS Act and boosting its own stablecoins, is Europe defending its markets or falling behind in the global crypto stablecoin race? BitcoinPriceMarket CapBTC$2.20T24h7d30d1yAll time DISCOVER: Best Meme Coin ICOs to Invest in 2025 How MiCA Rules Could Redefine USD Stablecoins in the EU The message that the EU sends is more of “build,” not “ban”. Instead of shutting down USD stablecoins like USDT or USDC, regulators want a clear and strict framework in the EU that makes them safer and more reliable for users. Lagarde’s call for “equivalence” seeks to integrate foreign stablecoins into the European market under MiCA rules. With EU-based reserves and higher transparency, stablecoins could gain legitimacy while protecting investors from liquidity crises and sudden redemptions. As other nations like China and the U.S advance their own stablecoin and CBDC strategies, these steps could fuel global competition. For crypto builders and traders, this emerging landscape opens the door to new opportunities in DeFi, tokenized assets, and cross-border payments. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The EU is not banning USD stablecoin but is introducing clearer rules to regulate them. Creation of digital euro aims to strengthen Europe’s position in the global stablecoin race. The post Is The EU Priming to Ban USD Stablecoins? appeared first on 99Bitcoins.

The USD/CHF’s sideways range environment since its 1 August 2025 swing high of 0.8170 has been getting compressed as we approach the key risk event for the FX market this week, the US non-farm payrolls and unemployment rate for August out this Friday, 5 September. SNB rate cut cycle likely over as Swiss leading economic data improves in August Fig. 1: Switzerland Manufacturing PMI as of Aug 2025 (Source: Trading Economics) Fig. 2: Switzerland Services PMI as of Aug 2025 (Source: Trading Economics) The Swiss National Bank (SNB) was the first major central bank to initiate an easing cycle in March 2024, delivering six consecutive cuts totalling 175 basis points. This brought the policy rate down from a 10-year high of 1.75% to 0% by June 2025, marking the first return to zero borrowing costs since the negative-rate era that ended in late 2022. The next SNB monetary policy meeting will be held on 29 September, and there is a likelihood that the SNB may pause its interest rate cut cycle as two leading economic data points have started to show subtle signs of demand improvement in Switzerland. The Swiss manufacturing PMI rose slightly to 49.0 in August from 48.8 in July, while manufacturing activities remain in contraction mode (below 50), but its negative growth momentum has continued to subside from the May 2025 print of 42.1. In addition, service activities in Switzerland showed minor improvements as the services PMI increased to 43.9 in August from a five-year low of 41.80 printed in July. Let’s now examine the medium-term outlook (1-3 weeks) on the USD/CHF from a technical analysis perspective. Fig. 3: USD/CHF medium-term trend as of 4 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 weeks) Potential bearish breakdown from the ongoing five-week range below 0.8100 key medium-term pivotal resistance, with downside trigger level at 0.7990 to expose the next supports at 0.7920/0.7870 and 0.7795 (see Fig. 3). Key elements The recent bounces seen in the USD/CHF since 1 August 2025 have failed to surpass the upper boundary of the medium-term descending channel from the 3 February 2025 high, which suggests the lack of bullish momentum.The 4-hour Bollinger Bandwidth indicator has continued to hover at a relatively low level of 1, which highlights a volatility compression condition, a prelude to a volatility expansion that may trigger a potential imminent outburst in the price actions of USD/CHF.The yield spread (premium) between the 2-year US Treasury note and the 2-year Swiss government bond has continued to shrink to 3.70% since its bearish breakdown on 1 August 2025, where it was at 4.07% on 31 July 2025.Recently, on 22 August 2025, the 2-year yield spread of the US Treasury note and the Swiss government bond flashed out a similar bearish breakdown and traded below its 50-day moving average.These observations suggest that 2-year US Treasury notes are getting less attractive over similar tenures of Swiss government bonds in terms of yields, which in turn can put downside pressure on the USD/CHF.Alternative trend bias (1 to 3 weeks) A clearance above 0.8100 key resistance invalidates the bearish tone on the USD/CHF for a squeeze up towards the next medium-term resistances at 0.8170 and 0.8250. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Following the controversial accusations, the results of the third-party forensic review of the Cardano (ADA) voucher redemption program have been made public. Cardano’s founder, Charles Hoskinson, says he’s now “waiting for the apologies to come rolling in.” Cardano Accusations Have ‘No Basis’ On Wednesday, the Cardano community celebrated after the third-party forensic review of the ADA voucher redemption program was published. The investigative report, conducted by law firm McDermott Will & Schulte and the audit firm BDO, determined that the allegations against Input Output Global (IOG) don’t have any foundation. “After review of tens of thousands of documents, a forensic on-chain and traditional forensic analysis, and eighteen formal interviews of current employees, former employees, Voucher Holders, service providers, community members, and other third parties, the Investigation determined that each of the allegations related to the Topics of Investigation do not have any basis,” the report reads. Public accusations included five main allegations, including that insiders stole or misused ADA that should have been allocated to voucher holders and that there were improper sale tactics related to the voucher program. The claims also accused Cardano blockchain upgrades of being designed to make voucher redemption difficult, and deleted voucher holders’ “private keys” or assets. Lastly, the allegation that Cardano insiders had no legal right to send unredeemed ADA to CDH and decide how to spend it. The controversy emerged in May, when Non-Fungible Token (NFT) artist Masato Alexander alleged that Charles Hoskinson had “unilaterally used his genesis keys to REWRITE the Cardano ledger” during the Allegra hard fork in 2021 to take control of 318-350 million ADA, about 0.2 percent of the Initial Coin Offering (ICO) allocation that remained unclaimed years after launch. Hoskinson denied Alexander’s claims, arguing that 99.8% of the vouchers sold were redeemed by their original buyers, while the remaining 0.2% were “returned to the TGE and donated to Intersect through the same process that funded the Cardano Foundation.” The Review Findings Based on the Investigation, McDermott Will & Schulte and BDO found that the sources of the public allegations against IOG and Charles Hoskinson didn’t originate from unredeemed voucher holders, and they “did not identify evidence indicating that Input Output or Sawyers turned away any potential Voucher Holder who possessed a valid Voucher.” Additionally, they concluded that reasonable guardrails were implemented to prevent deceptive marketing and sales tactics, noting that the program was not designed to exploit the elderly. The audit also revealed that 97.3% of all the vouchers, or 98.8% of the ADA allocated, were redeemed on-chain during the Byron era, and “substantial efforts were undertaken to cause Voucher Holders to redeem on-chain” at the time. As of August 15, 2025, 99.2% of Vouchers consisting of 99.7% of all ada sold pursuant to the Voucher Program have been redeemed through the on-chain redemptions and Post-Sweep Redemption Project. Meanwhile, the review highlighted that the voucher certificates contained redemption codes instead of “private keys,” refuting the accusation that these keys were later deleted. It also concluded that Cardano insiders did not misappropriate the staking rewards from the unredeemed ADA. Time To Move On, Says Hoskinson Hoskinson went on X Space to share the audit result, reading the announcement of IOG’s Chief Legal Officer & Chief Policy Officer, Joel Telpner, and the executive summary of the 128-page document. Cardano’s founder said that it’s been a “deeply frustrating” process, noting that “It’s one thing to attack my intelligence, my physical appearance, my business acumen, my integrity. It’s another thing to accuse me of a crime.” “This is over. And for the people who stirred this pot: do the right thing, and just apologize. Have some common fucking decency as a human being. Apologize. Let’s just all move on, say you were wrong. Have enough integrity to do that,” he asked. Hoskinson shared his hope that most people will realize that the accusations were taken “too far,” concluding that “Hopefully, we can now just put this nightmare behind us.”

Solana started a fresh increase from the $194 zone. SOL price is now recovering higher and faces a heavy resistance near $212. SOL price started a recovery wave after it tested the $194 zone against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $207 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $212 resistance zone. Solana Price Faces Resistance Solana price started a decent increase from the $194-$195 zone, like Bitcoin and Ethereum. SOL was able to climb above the $200 and $202 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $218 swing high to the $194 low. However, the bears seem to be active near the $212 resistance zone. The price reacted to the downside below $210. There was a break below a connecting bullish trend line with support at $207 on the hourly chart of the SOL/USD pair. Solana is now trading above $204 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $2102 level. The next major resistance is near the $212 level or the 76.4% Fib retracement level of the downward move from the $218 swing high to the $194 low. The main resistance could be $218. A successful close above the $218 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Another Decline In SOL? If SOL fails to rise above the $212 resistance, it could continue to move down. Initial support on the downside is near the $204 zone. The first major support is near the $200 level. A break below the $200 level might send the price toward the $195 support zone. If there is a close below the $195 support, the price could decline toward the $184 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $200 and $195. Major Resistance Levels – $212 and $218.

On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the average supply held by Bitcoin whales. Glassnode defines “whales” as entities holding between 100 and 10,000 BTC. At the current exchange rate, the range’s lower bound converts to $11.2 million and upper one to $1.1 billion. Thus, the only investors who would qualify for the cohort would be the big-money traders. These holders can carry some degree of influence in the market, so their behavior can be worth keeping an eye on. The behavior of the cohort as usually gauged from their total holdings, however, can provide a skewed picture about the sentiment among them, as the investors toward the larger end of the range have more of a weightage in it. One way to pinpoint the behavior of the average whale is by looking at the size of the holdings of the average member of the group. Below is the chart shared by Glassnode that shows the trend in this metric for Bitcoin over the last few years. As is visible in the graph, the average Bitcoin supply per whale peaked back in early 2022, but switched to a decline as the bear market took over the sector. This suggests the whales reduced their exposure to the cryptocurrency during this period. With 2023 starting a recovery run for BTC, the average whale started loading up again, albeit at a slower pace than in the previous cycle. This accumulation continued until mid-2024, at which point it once more witnessed a reversal. Interestingly, instead of backing the rallies that have occurred between then and now, the whales have only accelerated their selling alongside them. The late 2024 run, especially, saw these humongous investors shed their holdings at a rapid pace. Today, the amount of Bitcoin supply held by the average whale sits at just 488 tokens, which is the lowest that it has been since December 2018, almost seven years ago. In another X post, the analytics firm has also talked about how Ethereum whales have been doing recently. In particular, Glassnode has shared the trend in the holdings of the “mega whales,” holders carrying more than 10,000 ETH ($44.6 million). As displayed in the above chart, the Ethereum mega whales participated in buying during the recent price surge, but their accumulation has now stopped with the 30-day change in their balance dropping to zero. BTC Price At the time of writing, Bitcoin is trading around $111,900, up more than 1% over the past day.

The Federal Reserve has announced a new event happening on October 21 that will take a deep look at how payments are changing. Called the Payments Innovation Conference, the event will bring together policymakers, finance executives, and developers working on new ways to move money. It gives the Fed a chance to directly engage with the tools that are starting to shape modern finance. Stablecoins Take a Central Role A major focus will be on stablecoins and how they might fit into the broader financial system. These are digital tokens tied to currencies like the dollar, and they’re starting to catch on for fast and cheap payments. The Fed wants to understand how it can improve payment flows, especially in places where traditional systems create delays. Speakers will highlight the practical uses of stablecoins through real-world scenarios. DeFi and Traditional Finance Start to Overlap The agenda will also include discussions about decentralized finance and how it might work alongside the traditional banking system. This means regulators are examining tools like smart contracts and decentralized exchanges to determine how they can operate within legal and compliance frameworks. The goal is to explore what a more open but still stable financial system could look like. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Turning Assets Into Tokens Another topic on the table is tokenization, which involves turning physical assets into digital tokens that can be tracked and traded more easily. This could apply to anything from real estate to bonds or even everyday items. The idea is to create more efficient ways to transfer value and allow for things like fractional ownership, which could open up access to markets for a wider group of people. Artificial Intelligence Joins the Conversation Artificial intelligence will also be featured in the discussions. The focus here will be on how AI can help detect fraud, process transactions faster, and bring down costs in the financial system. Some of the speakers will share examples of how machine learning is already helping make payments more secure and more efficient behind the scenes. BitcoinPriceMarket CapBTC$2.23T24h7d30d1yAll time Governor Waller Outlines the Vision Federal Reserve Governor Christopher Waller will play a lead role at the event. He has emphasized the need to keep improving how payments work and has said the Fed wants to hear from people who are already building new tools. He sees this moment as a chance to think seriously about how innovation can make payments faster, safer, and easier for everyone. DISCOVER: 20+ Next Crypto to Explode in 2025 A Careful Approach to Rapid Change This conference also shows that the Fed is beginning to take digital assets more seriously. Earlier this year, regulators made it easier for banks to enter digital currencies, and now the Fed is listening and learning before setting new policy. The tone of this event leans more toward open dialogue than strict rule-making. What the Fed Hopes to Learn When the event wraps up, the Fed is expected to leave with new ideas and a better sense of what’s possible. These insights could help shape how regulators approach stablecoins, decentralized finance, and tokenized assets in the future. What’s clear is that these technologies are no longer on the edges of the system, but instead are becoming part of the conversation at the highest level. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The Fed’s Payments Innovation Conference will take place on October 21 and focus on how digital tools are changing the way money moves. Stablecoins will be a major topic, with real-world examples showing how they can improve speed and reduce friction in payment systems. The conference will explore how decentralized finance and traditional banking could work together under proper legal and compliance structures. Tokenization and AI will also be part of the agenda, with a focus on how they can boost efficiency, lower costs, and expand market access. Governor Christopher Waller will lead discussions, aiming to better understand innovation before the Fed sets new payment-related policies. The post Fed Plans October Conference to Rethink the Future of Payments appeared first on 99Bitcoins.

XRP price is attempting to recover above the $2.80 zone. The price is now facing hurdles near $2.88 and might start another decline below $2.80. XRP price is attempting to recover above the $2.80 resistance. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.8120 zone. XRP Price Faces Resistance XRP price managed to stay above the $2.720 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.75 and $2.80 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. However, the price seems to be struggling to stay above the $2.880 resistance zone. Recently, there was a break below a short-term rising channel with support at $2.850 on the hourly chart of the XRP/USD pair. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. If the bulls protect the $2.8120 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.880 level. The first major resistance is near the $2.9160 level or the 61.8% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. A clear move above the $2.9160 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050. Another Drop? If XRP fails to clear the $2.880 resistance zone, it could continue to move down. Initial support on the downside is near the $2.8120 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.740. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.8120 and $2.80. Major Resistance Levels – $2.880 and $2.9160.

American Bitcoin, a mining and treasury firm led by the Trump brothers, made its public debut with a bang. After its merger with Gryphon Digital Mining, the stock almost doubled within the first hour. That sudden spike triggered a series of trading halts before the price finally cooled off, ending the day around sixteen percent higher than where it started. The Company Aims to Raise $2.1 Billion Right after that busy debut, American Bitcoin moved to raise $2.1 billion through new share offerings. The plan is to use that money to grow its mining business, buy more Bitcoin, and fuel general expansion. It is a bold move for a company that just hit the public markets, and one that clearly signals it is not playing small. Trump Brothers Hold the Reins Ownership of the company remains concentrated, and the Trump brothers still hold a firm grip, with support from mining company Hut 8. This level of control keeps the decision-making tight and the strategy focused, especially as the company grows under a national spotlight. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Bitcoin Mining Meets Treasury Management The main idea behind American Bitcoin is simple. Mine Bitcoin, build a reserve, and buy more when the time feels right. The company positions itself as both a producer and holder of Bitcoin, aiming to generate cash while steadily building long-term value on the balance sheet. Political Attention Adds a Layer of Interest Given the Trump name, the company’s rise brings more than the usual business coverage; there is also political interest. Some are watching for signs of innovation, while others are raising questions about potential conflicts. Either way, the attention is baked in, and the company is moving ahead regardless. BitcoinPriceMarket CapBTC$2.23T24h7d30d1yAll time New Path to Public Markets American Bitcoin did not follow the traditional IPO route. Instead, it went public through a merger with Gryphon, jumping straight into a Nasdaq listing. That gave it instant market access, along with a strong burst of visibility. The response from investors was quick and loud, showing that there is still plenty of excitement in the crypto space. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The Pressure Is on Now With the fundraising in motion, American Bitcoin needs to prove it can execute. The spotlight is on, the cash is coming in, and expectations are high. Markets will want to see clear results, and the team behind the company will need to deliver if it wants to keep the momentum going. A Big Moment for Crypto and Public Markets This debut sets the stage for a new wave of crypto-related companies trying to bridge the gap between digital assets and traditional finance. Whether this becomes a lasting model or just another moment in a volatile market depends entirely on what the company does next. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways American Bitcoin surged on its Nasdaq debut, nearly doubling before settling 16% higher by the end of the day. The company plans to raise $2.1 billion through share sales to expand mining operations and grow its Bitcoin reserves. Led by the Trump brothers, American Bitcoin keeps decision-making tightly controlled with backing from Hut 8. It combines Bitcoin mining with treasury strategies, positioning itself as both a BTC producer and long-term holder. Political and investor attention are now locked on the company as it tries to prove itself in the public markets. The post Trump-Backed American Bitcoin Goes Public in Big Nasdaq Launch appeared first on 99Bitcoins.

Ondo Finance, a Layer 1 (L1) blockchain protocol, has recently announced the launch of Ondo Global Markets, designed to enable non-US investors to access over 100 tokenized US stocks and exchange-traded funds (ETFs) on the Ethereum (ETH) blockchain. Following this announcement, the price of Ondo’s native token, ONDO, surged over 6% close to the $1 mark after opening the week at $0.86, aligned with the broader crypto market’s correction. Founder Calls Ondo Global Markets A ‘Breakthrough’ According to the protocol’s press release, Ondo Global Markets aims to provide one of the largest gateways for global exposure to US markets, particularly for eligible investors in the Asia-Pacific, African, and Latin American regions. The newly launched platform is now live on the Ethereum blockchain, with plans to expand to other networks, including BNB Chain, Solana (SOL), and Ondo Chain. The new platform allows both retail and institutional investors outside the US to mint and redeem tokenized US stocks and exchange-traded funds 24/5, utilizing traditional exchange liquidity where applicable. These tokenized assets are reportedly fully backed by the underlying securities held with US-registered broker-dealers.. Investors will benefit from total economic returns equivalent to those of the underlying stocks, including price fluctuations, dividends, and corporate actions, as each token mirrors the performance of its asset. Nathan Allman, the Founder and CEO of Ondo Finance, expressed enthusiasm about the launch, stating, “Ondo Global Markets is a breakthrough in financial access.” He emphasized that the platform allows global investors to tap into the largest selection of transferable tokenized US stocks and exchange-traded funds on-chain, drawing a parallel to how stablecoins have introduced the US dollar into the digital realm. Bridging Traditional Assets And Blockchain Technology A spokesperson for Ondo Finance highlighted the similarities between tokenized stocks and USD-pegged stablecoins, noting that the former provides the same total-return exposure as their underlying assets: Tokenizing the US dollar created an entirely new level of global reach and usability for dollars. Similarly, tokenized Treasuries have exploded in adoption, growing over 7,000% since 2023, because they meet real needs: 24/7 access to US dollar-denominated assets, and the ability to hold a stablecoin with yield. Ondo was one of the first movers here and continues to lead this space, with over $1.4B in TVL across 10 chains. To facilitate this service, Ondo tokenized stocks will be supported by a wide array of leading crypto wallets, exchanges, and infrastructure providers, including Bitget Wallet, Trust Wallet, OKX Wallet, and Chainlink, among others. The spokesperson who spoke with The Defiant believes this extensive support network allows investors to easily access and manage their tokenized equities across various on-chain applications. When writing, ONDO trades at $0.96, being one of the few tokens recording gains in all time frames. However, despite the cryptocurrency’s 60% growth year-to-date, it still trades 54% below its $2 record price. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh recovery wave above the $4,350 zone. ETH is now facing hurdles near $4,500 and might struggle to continue higher. Ethereum is still struggling to recover above the $4,500 zone. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,500 level in the near term. Ethereum Price Recovers Further Ethereum price started a recovery wave after it formed a base above the $4,200 zone, like Bitcoin. ETH price was able to climb above the $4,265 and $4,320 resistance levels. The bulls were able to clear the 50% Fib retracement level of the key drop from the $4,660 swing high to the $4,209 low. Besides, there was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,420 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,500 level or the 61.8% Fib retracement level of the key drop from the $4,660 swing high to the $4,209 low. The next key resistance is near the $4,520 level. The first major resistance is near the $4,555 level. A clear move above the $4,555 resistance might send the price toward the $4,620 resistance. An upside break above the $4,620 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,660 resistance zone or even $4,720 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,500 resistance, it could start a fresh decline. Initial support on the downside is near the $4,400 level. The first major support sits near the $4,360 zone. A clear move below the $4,360 support might push the price toward the $4,315 support. Any more losses might send the price toward the $4,260 support level in the near term. The next key support sits at $4,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,360 Major Resistance Level – $4,500

Following a rejection at $4,946 on August 24, Ethereum (ETH) is now trading in the low $4,000 level. However, some analysts are still hopeful that ETH is likely to surge beyond $5,000 in the coming weeks, thanks to its rising illiquid supply and positive exchange-traded fund (ETF) momentum. Ethereum To Hit $5,500 In September? According to a CryptoQuant Quicktake post by contributor Arab Chain, Ethereum’s latest upswing in August which pushed the digital asset from a range of $3,700 – $4,000 to its latest all-time high (ATH) of $4,946, was largely buoyed by broader market rally and positive ETF inflows. The analyst noted that ETH reserves on Binance crypto exchange witnessed a sharp uptick in August. The quick surge in inflow of tokens to the exchange shows that holders are choosing to sell or take profits at higher prices. Arab Chain shared the following chart which shows both liquid (green) and illiquid (beige) ETH supply. According to the chart, the vast majority of ETH supply remains illiquid, creating a structural supply shortage. On the other hand, the chart shows a slight increase in the liquid supply, suggesting that a portion of ETH has returned to circulation and could add to short-term selling pressure. The analyst remarked: The overall illiquidity of the supply reinforces the long-term bullish outlook. Short-term cautionary signals – rising Binance reserves combined with a small increase in liquid supply – suggest a potential correction after the recent strong upswing. If the growth in ETH reserves on Binance shows signs of slowing down or withdrawals resume, the digital asset’s supply shortage will remain pronounced. Consequently, a clear and decisive break above the $4,800 resistance level could propel ETH toward $5,200 – $5,500 in the near term. The CryptoQuant analyst concluded by saying that September is likely to witness sideways to a slightly bullish move for ETH between $4,300 to $5,000. However, a failure to break through the $4,800 level – coupled with rising exchange reserves – could raise the possibility of a correction to $4,200. What’s In Store For ETH? While a breakout above $4,800 is possible, some analysts are tempering their expectations by saying that ETH may test the psychologically important $4,000 level before resuming its uptrend. Meanwhile, on-chain data shows whales accumulating ETH at record pace. According to a recent report, ETH whales added a whopping 260,000 ETH to their wallets on September 1. Offering a more ambitious prediction, Ethereum co-founder and ConsenSys CEO Joseph Lubin recently said that “ETH will likely 100x from here.” At press time, ETH trades at $4,429, up 2% in the past 24 hours.

Bitcoin price is attempting a recovery wave above $111,000. BTC is now rising and might gain pace if it clears the $112,500 resistance level. Bitcoin started a recovery wave above the $111,200 zone. The price is trading above $111,200 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Extends Recovery Bitcoin price started a fresh recovery wave above the $109,500 zone. BTC was able to climb above the $110,000 and $110,500 resistance levels. The price cleared the 61.8% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. The upward move was such that the price even surpassed the $112,000 resistance zone. Besides, there is a short-term rising channel forming with support at $111,500 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $111,000 and the 100 hourly Simple moving average. Moreover, the price is now consolidating near the 76.4% Fib retracement level of the key drop from the $113,457 swing high to the $107,352 low. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $112,800 level. The next resistance could be $113,450. A close above the $113,450 resistance might send the price further higher. In the stated case, the price could rise and test the $114,500 resistance level. Any more gains might send the price toward the $115,000 level. The main target could be $115,500. Another Pullback In BTC? If Bitcoin fails to rise above the $112,500 resistance zone, it could start a fresh decline. Immediate support is near the $111,500 level. The first major support is near the $110,500 level. The next support is now near the $110,000 zone. Any more losses might send the price toward the $109,250 support in the near term. The main support sits at $108,500, below which BTC might decline sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $111,500, followed by $110,000. Major Resistance Levels – $112,500 and $113,450.

American Bitcoin, a new cryptocurrency mining venture supported by Eric and Donald Trump Jr., made its debut on Nasdaq on Wednesday under the ticker symbol “ABTC.” This launch marks the Trump family’s second digital asset debut in less than a week, following World Liberty Financial’s WLFI token launch on crypto exchanges on Monday. American Bitcoin Shares Jump 90% In a press release, Eric Trump, co-founder and chief strategy officer of American Bitcoin, described the listing as a “historic milestone,” emphasizing the company’s mission to integrate Bitcoin into the core of US capital markets. In line with President Donald Trump’s pro-crypto agenda, which has created a more accommodating environment for the growth of digital assets in the country, Eric expressed ambition for the US to lead the global Bitcoin economy. Initially launched as a subsidiary of Hut 8, a publicly traded Bitcoin mining firm, American Bitcoin began trading at $6.90 per share following an all-stock merger with Gryphon Digital Mining. The ABTC stock experienced a remarkable surge, rising as much as 90% toward its current record of $14.52 in its first hour of trading, although it later settled to over a 40% increase, trading at $9.21 per share. Asher Genoot, executive chair of American Bitcoin and CEO of Hut 8, stated that the company aims to foster rapid growth in Bitcoin shares by leveraging its mining capabilities and Hut 8’s robust energy and digital infrastructure. Trump Family Expands Crypto Portfolio The listing of American Bitcoin is one of several similar moves by the Trump family in the digital asset space, following the approval of trading WLFI in August and its subsequent debut on exchanges such as Binance. The WLFI token experienced typical market reactions, spiking initially toward a new record of $0.47 before stabilizing close to its listing price between $0.20 and $0.22 for the last few days. According to CoinGecko data, World Liberty Financial has quickly climbed to become the 35th largest cryptocurrency by market capitalization, reaching a valuation of nearly $6 billion in record time. Current valuations suggest that their holdings in World Liberty Financial tokens could be worth around $5 billion, positioning them as one of the family’s most valuable assets. The Trump family’s financial interests in the cryptocurrency realm have garnered considerable attention, encompassing a range of projects from World Liberty tokens to a memecoin associated with President Trump himself launched in January. Eric Trump recently remarked that crypto has been “probably the most rewarding venture of my entire life,” reflecting his enthusiasm for the digital currency landscape. At the time of writing, Bitcoin is trading at $112,159, marking a modest 1% increase within the last 24 hours. Compared to the cryptocurrency’s record price of $124,100, the current price is 9% lower. Featured image from DALL-E, chart from TradingView.com

BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global payment rails. In his September 2 “Chairman’s Message,” the Fundstrat co-founder centers the analysis on the ETH/BTC cross and a year-end Bitcoin anchor of $250,000, using a slide-based grid to translate ratio levels into ETH spot targets—and then extends the calculus to a $62,500 scenario if Wall Street’s settlement stack migrates to Ethereum. Why Ethereum Could Soar To $62,500 “The 8-year average Ethereum to Bitcoin ratio is 0.04790 and it’s currently 0.0432, meaning we’re below the long-term average. The all-time high in this ratio was 0.0873,” Lee says. “Of course, it started off higher, but I’m talking about the 2021 all-time high. So, we think that not only should Ethereum recover to the long-term average, it should probably get to the all-time high ratio and arguably exceed it as we start talking about Ethereum acting as the chain for both Wall Street to build its payment rails and the financial system as well as AI.” He then walks through the core exhibit. “So, let’s think about what that means for price. I have a grid here. On the left side is Bitcoin price levels and then going across are various levels of the Ethereum to Bitcoin ratio. Our year-end target—this is from the Fundstrat side—for Bitcoin is $250,000. And if you look at the average, okay, then you can see the range of prices for Ethereum using this ratio and different levels of Bitcoin. And here’s the 2021 high. And as you can see, at a $250,000 Bitcoin, you get to somewhere between $12,000 and $22,000 value per Ethereum token.” The slide shows: if BTC runs to $250K and ETH just trades at the average ratio, it implies ~$12,000; if ETH recovers its 2021 ratio high of ~0.087, that jumps closer to ~$22,000. “But that’s just a ratio recovery,” Lee continues. “If you look at the replacement cost of payment rails and the banking system, that gets you to an implied value of Ethereum of around $60,000. And that puts the ratio at roughly 0.250 Ethereum to Bitcoin ratio. And as you can see, that’s how you get to $62,500 per Ethereum token. So plenty of upside.” Lee frames this ratio-first math within a broader structural thesis that Ethereum is entering a “1971 moment” for finance, as real-world assets are synthesized into on-chain instruments and stablecoins expand as digital base money. The near-term numerical anchor is the 0.0432 ETH/BTC print sitting below the 0.04790 eight-year mean; the medium-term objective is a reversion toward, and potentially beyond, the 2021 high he cites. The grid translates those waypoints into discrete ETH prices at a fixed Bitcoin reference, which is why Lee emphasizes both variables in tandem rather than an ETH-only trajectory. Beyond the grid, Lee argues that Ethereum captures the greatest share of tokenized financial activity and that its proof-of-stake economics align with how regulated institutions pay for security and uptime today. In his telling, banks and market operators already fund siloed infrastructure stacks; staking ETH to secure common rails could substitute that spend while returning a native yield, an incentive he says pushes the ETH/BTC ratio higher as risk capital and cash flows migrate. This is also where the “replacement-cost” view feeds into the $62,500 outcome: if Ethereum becomes the settlement substrate for payment networks, tokenized credit and equity, and AI-linked data rights, the market should price ETH on the value of the rails it replaces rather than only on historical multiples or cycle heuristics. The message also situates BitMine’s corporate blueprint inside that macro arc. Lee describes BitMine as an Ethereum treasury business built to compound ETH per share through five levers—equity issued above NAV, equity-linked volatility monetization, operating cash flows, staking rewards, and M&A for treasuries near NAV—arguing that proof-of-stake turns an ETH balance sheet into an income-producing infrastructure asset. Lee’s math makes the dependencies explicit: a Bitcoin anchor around $250,000 and an ETH/BTC advance first to the long-term average (~0.048), then toward the 2021 peak (~0.0873), and, in the replacement-cost scenario, to ~0.25. The first two steps imply ~$12,000–$22,000 ETH on his grid; the third defines the $62,500 “skyrocket” case tied to financial-plumbing migration and AI-era settlement on Ethereum. As he puts it: “That’s how you get to $62,500 per Ethereum token.” At press time, ETH traded at $4,377.

In a recent post on X, crypto analyst Pumpius argued that the recent drop in XRP’s price is not natural but the result of deliberate actions by Binance. According to him, the exchange wants to protect its position because the digital currency poses a threat to the system it has built over the years. He says the exchange is doing more than just selling tokens; it is working to hold XRP back. Binance Accused Of Coordinating XRP Price Suppression Pumpius says Binance is not only selling XRP but is also actively manipulating the market around it. He points to sudden drops in liquidity, heavy waves of sell pressure, and red flashes on charts that appear whenever there’s an announcement of positive Ripple news. He claims this is not a coincidence but evidence of coordination and a strategy to keep XRP from breaking out. The analyst stresses that the real reason Binance targets XRP is that it is different. XRP is not a meme or speculative bet but a payment infrastructure. Pumpius argues it could replace the liquidity pools that Binance has used for years, and if that happens, the exchange’s market-making business could crumble. He also warns that it is not only Binance that is involved. According to him, powerful investors, legacy financial players, and offshore networks all see XRP as a threat. He says that because XRP runs on transparent rails, it could expose money flows they prefer to keep hidden. Therefore, price suppression becomes their primary tool to slow down the process. Why Suppression Could Backfire As XRP Price Fundamentals Strengthen Despite these heavy claims, Pumpius argues that the pressure on XRP may backfire. The crypto expert points to Ripple and its ecosystem, noting that the fundamentals are strengthening every day. New payment corridors are opening in Japan and the UAE. Projects such as DNA Protocol are using the XRP Ledger to anchor IDs and even genetic data. Pumpius believes this shows the suppression is artificial. The fundamentals are exploding, he says, while the adverse price action comes from deliberate dumping. He adds that every time Binance sells, more XRP moves into self-custody wallets. Instead of weakening the community, this decentralizes the asset even more. Holders are preparing for the day when real utility drives demand at a scale far beyond speculation. In his view, when that switch flips, Binance’s paper games will be meaningless compared to trillion-dollar settlement flows. He warns that the exchange may think it is winning now, but it’s only exposing the truth about the digital currency. XRP, he says, is not just a trader’s coin. It is the backbone of a new financial order. And according to him, no amount of dumping can stop already living rails.

British Columbia’s Environmental Appeal Board has upheld a ruling that handed Peace River Coal Inc. an C$800,000 ($580,000) fine after it repeatedly failed to comply with its environmental permit at its Trend Roman coal mine near Tumbler Ridge, Business in Vancouver reported. The Peace River coal mine was a metallurgical coal mine in northeastern BC, that was owned by Anglo American and suspended production in 2014 due to low coal prices. In February 2025, the idled mine was sold to Conuma Resources, a coal miner with operations in northeastern BC. The penalty was the largest ever issued by the B.C. Ministry of the Environment under the Environmental Management Act when it was first handed down in 2021. These infractions included failing to monitor mine waste discharge into fish-bearing waters and neglecting to limit airborne particulate emissions stemming from the Trend-Roman mine’s failure to limit the discharge of selenium into three nearby creeks and rivers, BIV reported. In the original 2022 decision to penalize the company, Peace River Coal’s mine was reportedly found to have breached selenium discharge limits by as much as 350% between 2016 and 2019. “The company’s environmental permit was initially issued on October 31, 2015. It recognizes that effluent from the mine site is directed to a set of sedimentation ponds. One Permit required that Peace River construct and start operating a second water treatment facility on Gordon Creek, downstream of the sedimentation ponds, by March 31, 2017 to reduce selenium levels in Gordon Creek. In May 2016, Peace River applied for an amendment to the Permit, to delay the construction of the Second facility,” the ruling reads. According to the decision, the Director concluded that Peace River had violated the permit by not submitting quarterly reports (six times) and one annual report as required. The Director also determined that there were 40 exceedances at a second monitoring station, downstream of the planned location of the Second Facility. The Director considered this to be a “major” contravention, with an associated base amount of C$20,000 per day. Four other coal mines in the province Conuma Resources resumed mining at its Quintette coal mine in northeastern BC last year, 24 years after it was placed in care and maintenance. It now operates four mines in the province — Brule, Wolverine, Willow Creek, and Quintette — it acquired the latter in 2022 from Teck Resources for $120 million. In June 2024, the company was fined for over 400 environmental protection violations at its Brule mine site, committed between 2020 and 2023. These infractions included failing to monitor mine waste discharge into fish-bearing waters and neglecting to limit airborne particulate emissions.

In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that “market participants should have the freedom to choose where they trade spot crypto assets.” CFTC Acting Chair Caroline Pham echoed his sentiment, noting that the era of mixed signals on crypto regulation “is over”. Crypto Regulations Boost Investor Confidence and Market Transparency Until now, uncertainty around regulatory guidance forced many U.S. exchanges to avoid spot crypto listings, even as global rivals advanced. The new framework provides long-awaited clarity, allowing spot Bitcoin and Ethereum trading to sit alongside traditional equities and futures. Exchanges registered with either the SEC or CFTC will be required to uphold strict compliance standards. This includes stronger custodial protection, data-sharing agreements, and closer market surveillance to curb manipulation and fraud. Regulators also stressed the importance of transparent pricing and clearing mechanisms to safeguard investor trust. For everyday traders, spot crypto means instant ownership of digital assets at market price, making the process more straightforward than derivatives trading. Analysts believe this clarity could attract institutional players, deepen liquidity, and accelerate mainstream adoption. A Milestone for U.S. Crypto Leadership The joint decision builds on the SEC’s Project Crypto and the CFTC’s Crypto Sprint, both launched to align digital asset oversight with the recommendations of the President’s Working Group on Digital Assets. By acting together, the agencies are signaling Washington’s determination to make the U.S. a global hub for regulated crypto markets. Industry leaders see this as a watershed moment. According to Alexander Blume, CEO of Two Prime Digital Assets, “This effectively gives U.S. exchanges the green light to support spot trading in top digital assets, connecting crypto with markets where trillions already flow.” With the SEC and CFTC aligned, U.S. exchanges now have a clearer path to expand offerings, bringing crypto closer to Wall Street and signaling the start of a new era for DeFi. Cover image from ChatGPT, BTCUSD chart from Tradingview

Silver X Mining (TSXV: AGX) set 52-week highs in successive sessions this week off the back of positive financial results for the first half of 2025. The Canadian miner, which owns the Nueva Recuperada silver project in central Peru and produces precious and base metals from its Tangana mining unit, reported last week that its operating income for the first six months increased threefold from last year. This is despite a 22.9% decrease in silver-equivalent production from roughly 582,000 oz. to nearly 449,000 oz., a result of reduced ore processing and lower head grades compared to H1 2024. The higher operating income, owing to a significant rise in realized silver and gold prices, helped the company to achieve pre-tax profitability of over $165,513 for the first half, compared to a pre-tax loss of $539,444 last year. Net loss (post-tax) was also cut to $409,883, down from $1.4 million in the prior-year period. “Silver X continues to make steady progress, with consistent improvements in operating income, pre-tax earnings and EBITDA,” CEO Jose Garcia stated in a press release on Friday. He added that “achieving sustained profitability at this stage is a key milestone – one that provides a solid foundation for accelerated growth.” Shares of Silver X rose for a second straight session on Wednesday, with an intraday high of C$0.42 — its best in over two years. At market close, the stock traded 4% higher at C$0.39 apiece, giving the company a market capitalization of C$85.7 million ($62.1m). Historic silver district The Nueva Recuperada project comprises four units and 230 mining concessions across 20,472 fully permitted hectares in Peru’s Huachocolpa mining district. The entire property surrounds Endeavour Silver’s recently acquired Kolpa project, which already has 25 years of production history and produced 5.1 million oz. of silver-equivalent this past year. The company is currently in the midst of an 8,000-metre drill program to expand the resources at Nueva Recuperada, having already completed nearly 1,900 metres of development work at its existing mine operation. A technical report filed earlier this year showed that Nueva Recuperada hosts 4.26 million tonnes of measured and indicated resources with grades of 3.28 ounces per tonne silver, 1.88% lead and 2.22% zinc, and 17.18 million tonnes of inferred resources at 5.12 oz/t silver, 2.05% lead and 2.04% zinc. This resource estimate includes the Plata mining unit, from which Silver X plans to restart production next year. In Friday’s results release, Garcia noted the company is entering a “pivotal” phase. “While we have not yet reached peak performance, we believe that a modest infusion of capital will serve as a catalyst to unlock the full potential of one of Peru’s most prolific yet underdeveloped silver and gold districts,” he said.

Grass crypto, a decentralized web scraping (DePIN) protocol built on the Solana blockchain, has introduced its Android app. Now all eyes are on whether GRASS price can hold strong ahead of the highly awaited S2 airdrop – here’s the full story. Touch GrassPriceMarket CapGRASS$83.29K24h7d30d1yAll time Grass Crypto Takes to Revolut and Google Store On August 11, Grass officially launched on the Revolut app. According to an X post, users can trade Grass directly within the app, benefiting from ultra-low fees and simple on/off ramps. The service is currently available to users in the United Kingdom and the European Economic Area (EEA). In the update, one participant was shown to have earned 11,113.37 points in Epoch 11. The Grass Foundation confirmed that these points will later convert into tokens during the airdrop process. The foundation also stated that Season 2 of the airdrop is planned for Q4 2025. According to the Bitget report, adoption has grown quickly, with over 2.8M users joining the network since the end of Season 1. Grass gives rewards to people who share their bandwidth. This model is now drawing attention across the crypto industry. The Android version of the app has been installed more than 10,000 times and currently holds a 4.2-star rating on Google Play. DISCOVER: 20+ Next Crypto to Explode in 2025 The post Will Revolut and Google App Store Save GRASS Price Ahead of S2 Airdrop? appeared first on 99Bitcoins.

Ethereum’s on-chain activity has reached a new milestone and recorded 1.8 million daily transactions. This unprecedented level of network usage showcases the vitality of the world’s leading smart contract platform and also underscores the effectiveness of its multi-layered scaling strategy. What This Milestone Represents In The Context Of A One-Year High A pivotal shift is underway in the crypto market, and the on-chain data for Ethereum tells the story. As market analyst Onur highlighted on the social media X platform, Ethereum hit a monumental milestone last month with 1.8 million daily transactions. This milestone marks a one-year high, signaling a dramatic increase in genuine network utility. At the same time, a remarkable 30% of the entire ETH supply is now locked in staking, which shows the conviction of long-term holders has never been stronger, and demonstrates a powerful commitment to hold and earn rather than sell. Instead of rotating out of positions, capital is doubling down on the yield and security framework that Ethereum uniquely provides. This trend is further supported by the Securities and Exchange Commission’s (SEC) guidance on liquid staking. However, this is being widely interpreted as a critical step toward an ETH Exchange-Traded Fund (ETF) with staking built in, and a structural shift that could change how institutions allocate into ETH. As these fundamental drivers gain traction, Bitcoin’s market dominance has noticeably declined from 60% to 57% in August, a subtle but important move that highlights capital rotation into ETH and other assets. Institutional Ethereum Accumulation Signals Long-Term Confidence While Ethereum is showing strong on-chain activity, rising staking participation, and a supportive regulatory backdrop, it is a clear sign of deepening institutional conviction that a flood of Wall Street capital is now flowing into Ethereum Spot ETFs. Crypto educator and market analyst CryptoBusy mentioned that the latest 13F filings reveal a significant and accelerating shift in how major financial players are viewing ETH. Leading the charge is Goldman Sachs, which has established a commanding position with $721 million in exposure, adding a massive 160,072 ETH to its holdings. This is part of a broad-based institutional embrace. Giants in the quantitative and multi-strategy hedge fund space, including Jane Street, Millennium, Capula, Schonfeld, and D.E. Shaw, are all actively stacking their Ethereum positions. Furthermore, a wide range of asset managers, such as BlueCrest, Logan Stone, and Elequin HBK, have boosted their holdings, providing further evidence of a systemic shift. These Wall Street firms are locking ETH into balance sheets as a long-term strategic asset, cementing its status as the default crypto backbone.