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Tether is making a change to how it handles USDT on some of the older blockchains it once supported. Instead of freezing these tokens, the company is marking them as “unsupported.” This applies to networks like Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Transfers Will Still Work If you’re holding USDT on any of these chains, you can still send and receive them. What’s ending is the ability to mint new tokens or redeem them directly with Tether. The reclassification keeps those older tokens functional while allowing Tether to focus on chains that are more widely used today. Source: Shutterstock Community Feedback Played a Role The update wasn’t made in a vacuum. Tether noted that it listened to feedback from developers and users active on these older networks. Rather than cutting access entirely, this change lets people continue using the tokens if they want, without expecting Tether to keep full support going forward. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Tether Refocusing on High-Utility Chains This decision is part of a bigger push toward active networks that serve large user bases and support growing ecosystems. Ethereum and Tron are top priorities, alongside newer Layer 2 networks that are gaining serious traction. This lets Tether concentrate its efforts where USDT is seeing the most demand. BitcoinPriceMarket CapBTC$2.15T24h7d30d1yAll time USDT Coming to Bitcoin via RGB At the same time, Tether is expanding its reach. The company plans to launch a native version of USDT on Bitcoin using RGB, a smart contract protocol built around Bitcoin’s infrastructure. This means users will be able to interact with USDT directly on Bitcoin, without needing bridges or third-party chains. Keeping Things Simple Internally Tether has maintained a long list of supported chains over the years. Some of them have had very low usage, which added unnecessary overhead. By trimming down and focusing on chains that see more activity, Tether simplifies how it manages USDT behind the scenes. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Holders Can Still Migrate For users who want to move their USDT to a fully supported chain, tools already exist to do so. Many wallets and exchanges allow for cross-chain swaps or redemptions. There’s no rush to migrate, but the option is open for those who want to take advantage of more features on active networks. DeFi and Integration Goals The update also reflects where the stablecoin world is heading. Most of today’s DeFi activity lives on just a few blockchains, and Tether is aligning its footprint accordingly. Concentrating liquidity in those places helps DeFi tools, dApps, and protocols integrate USDT more easily. What Happens Now From here on, the networks listed as unsupported won’t get updates, redemptions, or new token issuance from Tether. Wallet transfers still work as usual. For users looking ahead, the Bitcoin RGB launch could be the next major evolution for USDT, connecting the stablecoin to the largest and oldest blockchain in a direct way. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Tether has reclassified USDT on older chains like Omni, EOS, and Algorand as “unsupported” rather than freezing them. Users can still transfer USDT on these chains, but minting and redemptions with Tether are no longer available. The move is based on low usage and community feedback, allowing Tether to refocus on high-demand chains like Ethereum, Tron, and Bitcoin via RGB. Tether plans to launch native USDT on Bitcoin using RGB, offering direct stablecoin support without bridges. Users can still migrate their USDT to active networks using cross-chain tools supported by wallets and exchanges. The post Tether Reclassifies USDT on Older Networks as “Unsupported” appeared first on 99Bitcoins.

Plasma is gathering serious traction in the DeFi space. Backed by Bitfinex, the stablecoin-focused Layer 2 just landed a major partner. EtherFi, the leading liquid restaking platform, is integrating its $500 million ETH vault directly into Plasma. This positions the network for a strong launch and gives users immediate access to deep liquidity from the start. A Ground-Level Integration with Real Impact Unlike typical partnerships that come later, EtherFi is stepping in right at the launch phase. Its $500 million deposit into Plasma will serve as a base layer of support for borrowing and lending protocols built on the network. This isn’t passive capital. Users will be able to put it to work from day one using familiar DeFi strategies backed by ETH. Institutional-Scale Confidence EtherFi currently holds more than $11 billion in total value locked. To route a significant chunk of that into a brand new L2 shows real trust in Plasma’s architecture. It also reflects confidence in the team behind it and the direction the network is taking as it targets stablecoin-powered infrastructure. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Combining Stability with Performance Plasma has been engineered with a dual focus: security and usability. It connects Bitcoin-sidechain security with Ethereum-compatible tooling. That mix allows for gas-free stablecoin transfers, support for major assets like USDT, and features like customizable gas tokens and built-in privacy layers. It’s a chain built with real-world usage in mind, not just experimentation. EthereumPriceMarket CapETH$523.18B24h7d30d1yAll time Fast Traction, Fast Deposits Earlier this year, Plasma saw more than $1 billion in deposits within just 30 minutes of opening. Most of it came from high-value wallets, which suggests that experienced whales already trust the network’s structure. That kind of initial traction is rare and shows that something foundational is being built. Backing from Major Industry Names Beyond Bitfinex and EtherFi, Plasma also counts support from figures involved in Founders Fund, Framework Ventures, and Tether. These are not surface-level partnerships. The combination of capital and influence around Plasma provides strong momentum going into its next phase of growth. DISCOVER: 20+ Next Crypto to Explode in 2025 Tools That Users Actually Use With EtherFi in the picture, users can bring their liquid restaking tokens straight into Plasma’s DeFi stack. They can borrow against them, generate yield, and interact with stablecoins across different tools without bridging or waiting. That convenience is matched with options like privacy-preserving transactions and integrated account systems. Built for the Expanding Stablecoin Market Stablecoins are now worth over $280 billion in combined supply. Infrastructure that can handle that volume, reduce friction, and support actual utility is going to stand out. Plasma is clearly aiming at this layer of the market and now has EtherFi’s vaults behind it to help build that foundation. Looking Ahead Plasma’s mainnet beta is coming soon. The EtherFi partnership is more than a technical integration. It sets the tone for what the network wants to be: usable, secure, and deeply connected to real liquidity. It’s not about speculative buzz. It’s about building a working base for stablecoin finance. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways EtherFi is depositing $500 million into Plasma, giving the Bitfinex-backed Layer 2 instant DeFi liquidity at launch. This is a launch-phase integration, not a post-launch add-on, letting users borrow and earn yield from day one. Plasma supports gas-free stablecoin transfers, built-in privacy, and Bitcoin-sidechain security with Ethereum compatibility. The network already saw over $1 billion in early deposits, mostly from large wallets, showing strong initial traction. Plasma is targeting the $280 billion stablecoin market with real utility, and EtherFi’s vaults make that goal more reachable. The post EtherFi Channels $500 Million Into Bitfinex-Backed Plasma appeared first on 99Bitcoins.

The Bitcoin price has experienced a notable downturn, with the market’s largest cryptocurrency retracting 8% in the monthly time frame. This decline has sparked significant criticism on social media, particularly against the crypto exchange Binance, which some investors accuse of contributing to the current market slump. Binance Behind The Bitcoin Price Slump? Market analyst DeFitracer shared insights on social media site X (formerly Twitter), questioning why the market is experiencing a sell-off despite what he describes as an oversaturation of positive catalysts. These include record inflows into crypto exchange-traded funds (ETFs) and anticipated interest rate cuts by the Federal Reserve (Fed) anticipated for next month. Yet, he points out, “we’re still dumping—why?” According to DeFitracer, the ongoing sell-offs appear to be orchestrated by Binance, which he claims is using a third party, market maker Wintermute, to execute its trades. This strategy, he argues, is designed to set a bearish trend that retail investors follow, ultimately benefiting Binance through profits from futures liquidations. In fact, 2024 saw $344 million liquidated in a single day on the exchange, and current market manipulations may yield similar results, he asserts. As of press time, the market’s leading cryptocurrency trades at $108,295, meaning a 12% retrace from all-time high (ATH) levels of $124,000 reached earlier in the month. Three-Phase Reaction To Crypto Sell-Off DeFitracer also highlighted significant activity surrounding Solana (SOL). The analyst indicates that beyond Bitcoin, Binance has also been offloading SOL, potentially driven by an alleged desire to curb competition with its own token, Binance Coin (BNB), which currently has a market cap of $117 billion compared to SOL’s $102 billion. The analyst also said in his analysis that this activity raises questions about where Binance is sourcing its Solana, as their proof-of-reserves only shows client funds, suggesting that customer assets might be at risk in these trading maneuvers. DeFitracer added that these movements echo the practices of collapsed exchanges like FTX, which similarly utilized client funds through its trading arm Alameda Research: This is a terrible look for the exchange. User funds should stay safe – not be used for market games. FTX pulled the same move with client funds through Alameda Research. We all know how that ended While the current market conditions may seem daunting, DeFitracer outlines a potential three-phase market reaction: an initial phase of panic leading to retail exits, followed by accumulation during the downturn, and finally, a sharp rebound. He emphasizes that the upcoming rate cuts by the US Federal Reserve next month could significantly shift the market sentiment, recalling how similar cuts in 2021 triggered a massive bull run, propelling the Bitcoin price to new heights. Featured image from DALL-E, chart from TradingView.com

Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of 2025. Bitcoin Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance exchange. In contrast, BTC’s liquid supply has seen a significant decline. The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on Binance. Bitcoin recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend. A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on exchanges. This reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that remains. This dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external liquidity. That said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden sell-off. Such pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new supply. At the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset. However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the market. BTC In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory one. On one hand, rising illiquid supply provides a foundation for further price appreciation. On the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant volatility. As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales. However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of 2025. On the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 range. Despite BTC’s fragile price momentum, some experts continue to remain optimistic. Crypto analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by Christmas. At press time, BTC trades at $109,286, down 3% in the past 24 hours.

Chainlink is showing signs of strength after a sharp parabolic move, now consolidating just below a key resistance level. The question is whether LINK can push past this barrier and ignite a bigger rally, or if a pullback comes first. Parabolic Surge Stalls Below $76.60 Resistance According to Alpha Crypto Signal, in a recent update shared on X, Chainlink has shown remarkable strength with a parabolic move before entering a consolidation phase just below the $26.60 horizontal resistance zone. This level has now become the focal point, as traders watch closely to see if momentum will carry LINK beyond it. Alpha Crypto Signal noted that the momentum behind LINK’s move was powerful, and a breakout above $26.60 should not come as a surprise in the coming sessions. Such a development could potentially trigger another leg higher. Still, the analyst cautioned that broader market conditions point to the possibility of a correction. If LINK fails to sustain current levels, the altcoin is likely to dump below the marked boxed zone. However, Alpha Crypto Signal described it as a must-buy opportunity, presenting traders with an ideal entry point at discounted levels. To prepare for such a scenario, Alpha Crypto Signal plans to place spot limit buy orders below the boxed zone, with the intention of patiently waiting for price action to align with the setup. This strategy reflects a balanced approach—ready to capitalize on both potential downside dips and upside breakouts. On the flip side, if Chainlink manages to break out of the $26.60 resistance with significant trading volume, Alpha Crypto Signal emphasized that the plan would need to be adjusted accordingly. For now, the analyst recommends keeping LINK on the radar, as it sits at a pivotal point where the next big move could soon unfold. Market Confidence Returns With Chainlink Buyers Stepping In Trader Rai, in his latest analysis on the 15-minute timeframe, highlighted that Chainlink has shown strong resilience after bouncing from its support zone. This rebound signals renewed strength in the market, with buyers beginning to take control of short-term price action. The chart further suggests that buyers are targeting a retest of the $24.30 resistance level. This zone stands out as a critical barrier, and a successful test could determine whether LINK is ready to extend its upward trajectory. If the breakout above $24.30 holds with sufficient volume, LINK may confirm a continuation pattern toward higher levels. Such a move would mark a key shift in sentiment, giving bulls the upper hand and potentially paving the way for a stronger rally in the near term.

TRON (TRX) has been experiencing muted performance in recent weeks, trading at $0.3389 at the time of writing. This represents a 21.4% decline from its all-time high of $0.4313, recorded late last year. Despite relatively stable price levels in recent days, the lack of upward momentum suggests investors might be carefully watching for a catalyst that could determine the token’s next major move. Amid this market setting, analysts are closely tracking TRON’s on-chain data. One key observation comes from CryptoQuant contributor CryptoOnchain, who examined network activity and resistance levels. According to the analyst, TRX is currently testing its historical resistance zone, a level that could prove decisive in whether the asset pushes toward higher targets or risks another setback. TRON Network Activity and Potential Breakout CryptoOnchain noted that TRON’s network activity is at record levels, with daily active addresses (DAA) surpassing 2.6 million, the highest figure in its history. This surge in user activity reflects strong underlying demand for the network, even while TRX’s price has struggled to break higher. Historically, such growth in addresses has acted as a fundamental driver for price strength, signaling that demand for TRON’s blockchain services remains resilient. The analyst highlighted that TRX sits just below its historical resistance. If the token were to close above its all-time high and sustain that level, the breakout target could range between $0.48 and $0.52, aligning with TRON’s On-Chain Value Bands metric. However, CryptoOnchain cautioned that this scenario depends heavily on TRON maintaining its active address momentum. A decline in DAA could undermine the bullish setup, exposing TRX to downside risk. The outlook also ties into broader market conditions. The CryptoQuant analyst believes that a potential altseason, a period of significant gains across altcoins, could provide the momentum needed for TRX to achieve a breakout. In this context, continued high network demand and user activity would support further price appreciation. Whale Activity and Stablecoin Dynamics In a separate analysis, CryptoQuant contributor Amr Taha examined stablecoin flows on the TRON network, particularly the activity of large wallets. Data showed that in the past 24 hours, wallets holding over $100 million in USDT dominated TRON’s transaction volume, coinciding with Bitcoin regaining momentum above the $110,000 level. This concentration of large transfers is significant because it often precedes shifts in broader crypto market sentiment. A notable example occurred on August 12, when $100M+ wallets moved approximately $3.9 billion in USDT across the TRON network. That wave of transfers directly coincided with a 5% rally in Bitcoin, highlighting the role of stablecoin liquidity in driving market cycles. Taha added that the distribution of daily USDT wallet changes reinforces this trend. Wallets with balances above $100M accounted for nearly 35–36% of total daily activity, a level nearly identical to August’s inflows. Such concentrated whale activity suggests that stablecoin flows on TRON remain a leading indicator for market positioning and potential capital rotations into risk assets like TRX and Bitcoin. Featured image created with DALL-E, Chart from TradingView

Shiba Inu’s price action in recent days has been largely subdued, and many traders would argue it has had the most disappointing meme performance lately. The price has been range-bound between $0.00001345 and $0.00001190 for much of August, showing low volatility as traders wait for a decisive move. Nonetheless, a new technical analysis suggests that SHIB may be approaching the end of its consolidation cycle. According to analyst Kamran Asghar, the weekly chart is showing signs of preparing for a major expansion phase that could unlock a rally of more than 650%. Shiba Inu’s History Of Explosive Expansions The weekly candlestick timeframe chart shared by Kamran Asghar shows that Shiba Inu has repeatedly followed a cycle of prolonged accumulation phases before launching into massive expansions. Looking back as far as July 2021, SHIB experienced a 1,154% rally after a lengthy consolidation period. Interestingly, this pattern repeated again in early 2024 when the price surged by over 501% after another extended accumulation stage. Both cycles were characterized by weeks of sideways action, followed by sudden vertical rallies that took SHIB to new highs in a short span of time. The current setup has strong similarities to these earlier phases. For one, the Shiba Inu has been locked in a tight accumulation range for several months since the beginning of 2025. This accumulation range has been characterized by low volatility between the upper end of $0.000020 and the lower end of $0.000010 for most of the year. Now, given the precedent of the last two breakouts, Shiba Inu’s ongoing consolidation may already be nearing its end. The 650% Expansion To $0.00009 If history repeats, the next move could cause another Shiba Inu price explosion on the weekly candlestick timeframe. According to the analyst’s projection, the massive expansion would see the Shiba Inu price increase by 650%, which would see it reach a target of $0.00009. This level coincides with the chart’s projection for a new all-time high, as it would see Shiba Inu break above the peak of $0.00008616 that has held since 2021. The projection is based on measuring past expansions and overlaying an average of the two on the current price structure. Although the projected 650% increase is less than the 1,150% rally witnessed by Shiba Inu in the 2021 rally, the volume needed in this case would be far greater. As such, the most important factor that will determine whether this breakout will occur is demand volume. In both prior expansions, Shiba Inu ’s rallies were caused by sudden surges in demand that pushed the price out of its accumulation box with high conviction. Without this surge in volume liquidity, Shiba Inu’s price action may continue drifting sideways within the consolidation range. At the time of writing, Shiba Inu is trading at $0.00001236, down by 3.8% in the past 24 hours.

Ethereum has become the backbone of innovation in the digital asset space, serving as the foundation on which nearly every transformative trend in crypto is built. As adoption accelerates and new technologies converge, Ethereum’s role as the essential infrastructure is powering the future of global digital assets. Ethereum As The Digital Asset Operating System Of The Future In the rapidly evolving digital asset landscape, one concept remains clear that every major trend eventually finds its foundation on Ethereum. According to SharpLink Gaming’s post on X, ETH is not just another digital asset, but rather the reserve asset of the on-chain economy, which is a cornerstone that underpins the digital financial system of the future. By strategically holding and compounding ETH on behalf of our stockholders, SharpLink is not simply investing in a token, but investing in the future of finance itself. This conviction reflects the company’s belief that Ethereum’s network effects will only strengthen, making ETH the backbone of digital markets for years to come. Being the reserve asset of the on-chain economy, ETH might attract significant usage, which is likely to bolster its price in the near future. Analyst Daan Crypto Trades has revealed that Ethereum recently swept past its 2021 all-time high but faced a rejection. This is a normal occurrence in crypto markets, as all-time high breaks are often messy, involving significant shakeouts. Many traders attempt to position themselves ahead of a breakout, anticipating the next phase of price discovery. However, this move often results in those trading long positions being flushed out, forcing the participants to exit the market in frustration. Daan emphasizes the importance of weekly closes above the prior all-time high. Such closes are critical, as they provide stronger confirmation that a genuine breakout is underway, which signals a sustainable move rather than a temporary spike. Until then, volatility and temporary pullbacks are part of the market’s behavior during price discovery. Accumulation Strategies For Strategic Investors Ethereum may be facing bearish pressure, but Ted has noted that the altcoin is on track to reach $10,000 in this cycle. However, before the surge to that milestone kicks off, a short-term correction may be imminent. Historically, September has often acted as a pause or pullback month in the crypto market, creating ideal opportunities for accumulation. Ted sees this as a strategic moment for investors to position themselves ahead of a potential major surge in Q4 2025. However, the scenario could shift dramatically if Ethereum experiences a green September. Such strength would signal overwhelming momentum and potentially trigger a series of consecutive bullish moves in the months ahead, with the $10,000 target in sight.

Log in to today's North American session Market wrap for August 29 Today's session brought some extra volatility to complement a fairly dull trading week – Forex Markets had no idea of where to go, with all major pairs rangebound since the weekly open. Some month-end flows brought Silver and Gold to their highs, and since the end of the London session, Equities have sold off. Month-end profit-taking is nothing to be afraid off particularly amid ever-growing stock indices, but after a few months of (relative) calm in geopolitics, it seems that tensions are on the rise again. European powerhouses (France, Germany and the UK) are mad at Iran for not respecting atomic deals (anyone surprised?), Russia and Ukraine get further from a truce, and after reaching deals at the beginning of the month, as the deadlines were coming to their end, some countries like Japan want to review their tariff deals. September is a traditionally volatile month, but with the current state of things, it seems that this one should be a rollercoaster. Looking back at August, cryptocurrencies performed very well, the US Dollar rejected its highs (particularly after the month-beginning NFP report), energy commodities took a hit, metals saw big up-swings towards the end of the month, and equities, despite going higher, slowed their pace quite a bit. Some record highs for the S&P 500 and Dow Jones were still reached and the "Sell in May and go away" adage is still not performing! Read More:Markets Weekly Outlook – US Non-Farm Payrolls, US ISM Services PMIs and Eurozone InflationRisk appetite takes a hit as Markets prepare for month-end, Silver breaks yearly highsCross-Assets Daily Performance Cross-Asset Daily Performance, August 29, 2025 – Source: TradingView Gold and Silver are back on top of charts, with the post-Powell moves gaining traction. Also, keep an eye on cryptocurrencies falling off their highs as they tend to lead market sentiment. It will be key to see if the beginning of next month corroborates with this theme, but the general idea could be that Market players are putting back the currency debasing trade on top after rangebound trading in the commodities since the end of June. A picture of today's performance for major currencies Currency Performance, August 29 – Source: OANDA Labs The story of the week repeats – FX forex is subdued and charts show rangebound price action. Month-end flows have hurted both the GBP and the US Dollar, and with metals going up similarly, I wonder if some participants are putting back stagflation trades on – Keep an eye on this for the upcoming month. A look at Economic data releasing in Monday's session For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Markets will be seeing a few pieces of key data for China and Europe throughout the week-end and the beginning of next week. Keep an eye on data from the Middle Kingdom for Antipodean currencies, while Euro traders will want to watch out for ECB speakers and German PMIs on Monday. Of course, keep an eye on French government turmoil... (we can't stop making headlines, sorry about that) Safe Trades and a pleasant week-end! 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.

BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the Next Generation Internet ETF added 70,991 shares worth $3.27 million. The Fintech Innovation ETF purchased another 40,553 shares for $1.87 million. Despite this fresh round of buying, BitMine shares ended the day at $46 before sliding 7.80% in extended trading. Ethereum Strategy Draws Institutional Attention BitMine’s pivot from Bitcoin mining to an Ethereum-focused treasury earlier this summer has transformed the firm into a major corporate player in crypto. Its balance sheet now holds 1,714,000 ETH, worth about $8.20 billion, alongside 192 Bitcoin and $562 million in cash. That makes BitMine the world’s largest corporate holder of Ethereum. Billionaire investor Peter Thiel has also taken a 9% stake, adding more weight to the firm’s rapid rise. According to latest data, the company’s strategy has fueled sharp price movements in its stock. After surging more than 3,000% to a record high of $135 in early July, shares remain up more than 400% year-to-date despite recent pullbacks. Massive Equity Offering Fuels Expansion Reports have disclosed that BitMine dramatically expanded its fundraising plans. On August 12, the company filed to boost its at-the-market equity offering from $2 billion to $24.5 billion, a move led by Cantor Fitzgerald and ThinkEquity. Observers say the new funds will give BitMine more firepower to build its Ethereum position. Analysts projected strong gains for Ethereum, predicting $5,500 in the near term and as high as $12,000 by year-end. If those targets materialize and BitMine pushes toward its 5% supply goal, the company could one day rival Michael Saylor’s Strategy in scale. A New Corporate Champion For Ethereum? Social media reaction has been quick to frame BitMine as Ethereum’s version of Strategy — a corporate vehicle for institutional exposure to the asset. ARK’s growing position, surpassing $200 million this summer, only strengthens that concept. Yet the risks are just as visible. BitMine’s share price swings highlight how concentrated bets can move violently, even with billions of dollars on the balance sheet. Featured image from Meta, chart from TradingView

When you picture an American jet fighter on a critical mission or the latest electric vehicle (EV) rolling off a factory line, you may not realize that several of the key materials that drive these technologies, including tungsten, come from halfway across the world. Although tungsten is a critical mineral prized for its unmatched density, high melting point, and hardness, the US has gone more than ten years without producing a single ounce domestically, relying instead on foreign suppliers to fuel innovation. This gap creates US national defense implications and leaves high-tech manufacturing industries vulnerable to disruptions in the supply chain at any time and underscores the urgent need to secure a reliable supply at home. To further understand the stakes and why the current U.S. supply gap is so concerning, let’s examine how tungsten is produced and who controls it worldwide. Current state of tungsten supply Today, the global tungsten market is overwhelmingly dominated by China, which produces roughly 80 to 90% of the world’s supply. Other countries contribute only small fractions, leaving the US highly dependent on foreign sources for this critical mineral. Historically, the US once had a modest tungsten industry, peaking during the mid-20th century when domestic mines supplied defense and industrial needs. Over time, however, production declined due to competition from cheaper imports, high extraction costs, and dwindling reserves, eventually reaching zero over a decade ago. This absence of domestic supply has left the US vulnerable to shifts in global markets, trade disputes, and geopolitical tensions. In other words, relying almost entirely on foreign producers, particularly one nation with outsized control, significantly decreases our ability to respond quickly and independently in moments of crisis. National security implications Therefore, restoring a domestic supply of tungsten is about more than just mining a mineral—it’s a matter of national security, industrial resilience, and economic strength. Brodie Sutherland, CEO, Patriot Critical Minerals Corp. Submitted image. The US reliance on foreign tungsten leaves defense programs, from aircraft to armor-piercing munitions and advanced weapon systems, vulnerable to export restrictions, tariffs, and geopolitical tensions. A secure domestic supply would ensure uninterrupted access for critical defense applications, reducing vulnerabilities in military supply chains, and safeguarding the operational readiness of U.S. forces. At the same time, tungsten powers high-tech industries such as semiconductors, electronics, and EVs, making reliable access essential for innovation and growth. It also plays a key role in emerging technologies, including fusion energy research, which could shape the future of sustainable power. Bringing tungsten production home would provide a stable foundation for defense, empower industries to develop new technologies without supply-chain uncertainty, create high-skilled jobs, and strengthen regional economies. In short, restoring domestic tungsten supply would transform a vulnerability into a competitive advantage for both national security and technological leadership, making it something the country can no longer afford to ignore. Restoring domestic supply Restoring domestic tungsten supply will require a coordinated effort across government, industry, and research institutions. Identifying and developing untapped domestic deposits is the first step, followed by investing in modern mining and processing facilities capable of producing high-purity tungsten for both defense and industrial applications. Industries from aerospace and defense to electronics, semiconductors, and EVs all depend on tungsten, and even short-term shortages could stall innovation, delay production timelines, and drive up costs across these critical sectors, underscoring the urgency of building a stable domestic supply. Public-private partnerships and targeted incentives could encourage companies to take on the upfront costs of extraction and refinement, while research into more efficient and environmentally responsible methods could make domestic production economically sustainable in the long term. Strategic stockpiling and supply chain planning would further ensure that critical industries and military programs maintain uninterrupted access, even during global disruptions. Together, these measures could establish a resilient supply chain that strengthens both economic growth and technological competitiveness. Conclusion As we see it, restoring domestic tungsten supply is crucial. Securing reliable access would strengthen national defense, reduce reliance on foreign sources, and empower industries from aerospace to electronics, semiconductors, and EVs to innovate without the constant risk of supply disruptions. A stable domestic supply would create high-tech jobs, bolster regional economies, and provide the U.S. with a strategic advantage in both security and technology. It would also mitigate risks associated with overreliance on foreign suppliers, particularly China, ensuring that critical materials remain accessible even amid global uncertainties. Although the challenges are real, the opportunity is clear: by investing in domestic tungsten production, the US can transform a long-standing vulnerability into a foundation for resilience, innovation, and global leadership. Brodie Sutherland is CEO of Patriot Critical Minerals Corp., and a geologist with over a decade of experience leading mineral exploration across 20+ countries

Ethereum is staring down one of its most significant supply risks as more than 1 million ETH, valued at $5 billion, lines up for withdrawal from staking. The unprecedented exit queue has ignited debate over whether the network could face a wave of selling pressure or if the movement marks a rotation of capital within the Ethereum ecosystem. Ethereum Sees Record Validator Exodus Ethereum faces what analysts describe as the largest validator exit events in its Proof of Stake (PoS) history. Blockchain data from ValidatorQueue shows more than 1 million Ether, worth roughly $5 billion, awaiting withdrawal. Notably, validators, who play a central role in securing the network by adding new blocks and verifying transactions, have lined up to withdraw their tokens. This surge in exits has pushed the waiting period to a record of 18 days, as of writing. Etherscan also reports that on August 20, Ethereum’s validator exit queue surged past 916,000 ETH, the highest level in over a year. That figure ballooned to more than 1 million in less than two weeks, highlighting the rapid acceleration of withdrawals. At the same time, however, Ethereum’s entry queue also expanded—rising from just 150,000 ETH to over 580,000 ETH—creating a net staking increase of about 200,000 ETH in the past week. The timing of this upcoming withdrawal coincides with Ethereum’s significant price growth, which has seen the cryptocurrency gain more than 72% over the past few months. A substantial share of this pending Ether could be sold as stakers lock in profit after a rally. Moreover, if a large fraction of the $5 billion supply is unloaded on the open market, ETH could experience a sharp wave of sell pressure. However, while headline figures appear alarming, analysts caution against assuming that all withdrawn Ether will be dumped. Crypto market expert Joe Swanson notes that institutional buyers and Ethereum ETFs have been absorbing substantial amounts of ETH, thereby cushioning the potential downside. He argues that although the exit queue suggests short-term turbulence, the cryptocurrency’s long-term trajectory remains bullish, with projections still targeting levels above $5,000. Exits Signal ETH Market Rotation, Not Abandonment ValidatorQueue’s data highlights that while the exit queue surpasses 1 million, the entry queue sits above 726,000. This implies a net staking outflow of over 320,000 ETH, indicating a possible rotation of capital rather than wholesale abandonment. Supporting this, crypto expert Minal Thukral stressed on X that the spike in the ETH validator queue should not be misinterpreted as a crisis. Thukral noted that Ethereum’s protocol is designed to intentionally rate-limit exits to ensure network stability, meaning congestion may not be the issue. According to the analyst, validator exits are better understood as capital rotations. He explained that large stakers are likely reallocating funds into liquid staking services, restating, or adjusting positions in anticipation of ETFs. At the same time, demand to enter the staking queue remains strong. This interplay between exits and entries paints a picture of a maturing market, with the real question being where the withdrawn ETH will flow next.

The week had been surprisingly calm, with equities calmly marching higher, FX Markets not knowing where to go and generally low volatility. Despite of the lack of volatility, traders were not missing headlines: Between the firing of FED's Lisa Cook which pursues the corruption of the Federal Reserve's independence (A lawsuit is currently ongoing), some geopolitical distress with Russia and renewed diplomatic tension with Iran. I strongly invite you to check this piece on Gold running higher from the headwinds – The precious metal is currently breaking higher and stands less than $50 to its all-time highs. Read More: Gold (XAU/USD) Eyes Weekly Close Above $3400/oz on Renewed Haven Demand and DXY Weakness You can also access one of my weekly pieces on Silver that covers the run on the FED's independance and its influence on precious metals right here. The metal actually just broke yearly highs – check out the chart just below. Gold is attaining an intra-day top, but these flows have already degraded Market sentiment quite a bit, with Nasdaq down 1.24% as I speak and other US Indices following through (On a slower descent however). Let's take a look at the current state of Markets and look at a few key charts to spot what are the ongoing risk-off flows towards the monthly close. Markets also have reasons to reduce risk, awaiting for next week's Non-Farm Payrolls release. It seems that the move has some traction, but if it really just was about Iran or Russia tensions, Oil would have headed higher – In any case, let's see what's moving. Get ready for next week with our week ahead piece: Read More: Markets Weekly Outlook – US Non-Farm Payrolls, US ISM Services PMIs and Eurozone InflationTaking a look at the current market picture An overview on the current market, August 29, 2025 – Source: TradingView It would be wrong to say that the current flows are typically risk-off, however, something seems to be playing out. It could be month-end flows exaggerating profit-taking on a few risk-assets, but the most volatile ones like Bitcoin and Nasdaq really are not enjoying this intraday trend. It seems that the first legs of the ongoing move are over, and they have started a bit after the Core PCE release. Keeping an eye on Gold could point to some interesting dynamics. Watch for the weekly close, Equities pursuing their move lower could trigger some supplemental volatility. After all, with the pre-NFP profit taking, it would be normal to see some angst in Markets. Silver breaks yearly highs Silver 8H Chart, August 29, 2025 – Source: TradingView Silver has marked daily highs at 39.97, with the daily spike being decently strong and may have caught some participants off-guard. A continuation on Monday could lead to a test of the 2011 highs: Key levels for Silver: Daily and yearly highs 39.97All-time highs 49.87 – April 2011Weekly lows and support zone between $35 to $36.36 Keep an eye on the month-end flows which typically accelerate between 15:00 to 16:00. Safe Trades and a pleasant weekend! 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.

During a recent interview on Fox Business, VanEck CEO Jan van Eck shared his view on which cryptocurrency he believes has become the top choice among Wall Street investors. He made it clear that the answer is not XRP, a token many expected to fill that role. According to him, Ethereum is becoming the primary choice for banks and large financial companies due to the rise of stablecoins and digital currencies, and institutions that want to remain competitive cannot afford to ignore it. Ethereum Crowned The “Wall Street Token” By VanEck CEO Jan van Eck said Ethereum is the blockchain network to which Wall Street institutions are increasingly turning as its smart contracts and staking features provide practical applications in finance. According to the VanEck CEO, this may be why the digital currency is becoming an integral part of today’s financial systems, with institutions already using Ethereum for stablecoin payments, decentralized finance projects, and tokenized assets. Data shows that over 19 public companies are holding 2.7 million ETH in their treasuries. Many of these companies are utilizing staking to generate a steady income. Investment advisers are also involved, with $1.3 billion in Ether ETF exposure, and Goldman Sachs accounts for more than half of that amount. VanEck itself has joined this trend. The global investment management firm launched its Ethereum ETF in July 2024 and now manages over $4 million in assets. While the fund tracks Ether’s price without holding the actual tokens, it underscores the CEO’s confidence in Ethereum’s long-term role in global finance. Stablecoin Boom Solidifies Ethereum’s Institutional Role Van Eck also connected Ethereum’s rise to the rapid expansion of stablecoins. He points to the GENIUS Act, a new law passed earlier this year that gave banks and institutions greater confidence in using stablecoins backed by the U.S. dollar. The law brought stablecoins into the regulated financial system, and Van Eck said this has only strengthened Ethereum’s role as the backbone of digital finance. “Every bank and every financial services company has to have a way of taking in stablecoins,” Van Eck said. He added that banks will eventually have to build on Ethereum or on chains that use “Ethereum-kind of methodology.” Currently, Ethereum controls over 50% of the $280 billion stablecoin market, and experts say this figure could grow into the trillions in the coming years. Van Eck says Ethereum could benefit the most from the adoption of stablecoins by more banks and institutions. For the VanEck CEO, Ethereum is more than an altcoin; it is now the network at the center of the future financial world. That is why he called it the “Wall Street token” and predicts that it will play a leading role in the stablecoin and digital dollar revolution.

Gold prices advanced to near-record levels on Friday as investors weighed US economic data and uncertainty around the Federal Reserve’s future. Spot gold rose 0.8% to $3,445.87 per ounce as of 12:40 p.m. ET, on track for its best month since April. US gold futures jumped 1.1% to $3,513.50 per ounce, just $20 short of a new record high. Click on chart for live prices. The gains come off the back of fresh US data that showed stubborn inflation, as personal consumption expenditures — the Fed’s favored price index — remained well above policymakers’ comfort zone. Still, US consumer spending rose in July by the most in four months, indicating healthy demand. Traders have increased their bets on a 25-basis point rate cut by the US central bank at its September meeting to an 89% probability, up from 85% before the data came out. A Fed rate cut would bode well for precious metals like gold, which yields no interest. “We have expectations of a Fed rate cut, or potentially two, throughout this year, (which is) generally supportive for commodity prices across the board, including gold and silver,” David Meger, director of metals trading at High Ridge Futures, told Reuters on Friday. Fed’s uncertain future Meanwhile, questions surrounding the Federal Reserve’s independence continue to linger, following US President Donald Trump’s unprecedented move earlier this week to fire governor Lisa Cook. In an emergency hearing Friday, a federal judge said they will consider issuing an order to block the firing. “Gold is benefiting from this uncertainty (around Fed independence), as shown by inflows into gold ETFs of just under 15 tons in the last two days. Nevertheless, the upside for gold above $3,400 is looking increasingly limited,” Commerzbank wrote in a note. “Another layer of geopolitical uncertainty related to risks around the Fed and overall institutional independence is moving flows into gold,” Frank Monkam, head of macro trading at Buffalo Bayou Commodities, said in a Bloomberg interview. Expectations for more bullion buying from central banks in September also supported the market, Monkam added. As the go-to haven asset amid political and economic turmoil, gold has risen more than 30% so far this year, including setting an all-time high of $3,500 in April. (With files from Bloomberg and Reuters)

Eric Trump laid out a bluntly bullish, supply-and-demand case for why Bitcoin can reach $1 million, arguing that accelerating institutional access collides with Bitcoin’s fixed 21 million-coin cap, during a “Bitcoin Takes Over the World” session with David Bailey at the Bitcoin Asia conference in Hong Kong on August 29. Bitcoin’s Path To $1 Million Is ‘No Question’ “Everybody wants Bitcoin. Everybody is buying Bitcoin. And that’s uh that’s an incredible thing. And that’s why I’ve always said that I really believe that in the next several years, Bitcoin will hit a million dollars. There’s no question Bitcoin hits a million dollars,” Trump told the audience, adding that “every person who wants an asset class and you have a very limited supply… it doesn’t take a genius to figure out where that goes.” He urged long-term accumulation over timing: “Buy right now. Shut your eyes. Hold it for the next five years and you are going to do terrifically well.” Trump also recounted his private discussions with high-level investors in the lead-up to the conference: “When you’re in the room with certain people and and I had breakfast this morning with, you know, a couple of the most powerful people in the region and the hospitality space and you’re literally sitting there trying to explain to them what digital currency is, you realize how early we all are to this race […] I hear from people all the time, you know, should I get into cryptocurrency? Did I miss it? Am I too late? And I literally start laughing at them. I go, we haven’t even scratched the surface of what Bitcoin is going to be.” Trump’s core thesis combined two pillars: finite issuance and broadening distribution rails. He repeatedly emphasized Bitcoin’s provable scarcity—“There’s only 21 million coins… It’s finite. And that’s what makes it so damn powerful”—while asserting that channels for ownership have widened to large pools of capital. “In America, people are buying it for their retirement plans for the first time… you’ve got trillions of dollars of liquidity that’s opening up,” he said, citing custody at “major financial institutions,” as well as uptake by “the biggest banks,” “the biggest families,” “Fortune 500 companies,” and “sovereign wealth funds.” According to Trump, those cohorts are long-term holders: “Those retirement accounts are not letting Bitcoin go. Those companies are not letting Bitcoin go. Those sovereign wealth funds are not letting Bitcoin go.” Pressed on what he is hearing in high-level rooms globally, Trump offered another anecdote—without naming the country—about a leader who “literally [takes] the entire energy supply of a major city in the middle of a winter and uses it to mine Bitcoin because that’s how much they believe in the asset.” He added, “You realize how early we all are […] more and more people are finding their inroads,” pointing to improving exchange usability and new consumer on-ramps. “We’re literally trying to get cryptocurrency to the masses,” he said about World Liberty Financial. Trump also highlighted his own commercial exposure to the sector. He described American Bitcoin as “one of the biggest Bitcoin mining companies on Earth,” claiming it produces “about 3% of the world’s Bitcoin every single day,” operates from “some of the cheapest energy in the world… in Texas,” and targets a “rough cost per… mining of Bitcoin… about $37,000,” with plans to list on Nasdaq “very soon.” Beyond mining, he praised his involvement with MetaPlanet alongside Simon Gerovich—whom he dubbed “the Michael Saylor of Asia”—saying the company had “single-handedly changed… the way [Japan and] a lot of Asia” view Bitcoin. The conversation returned repeatedly to Bitcoin’s evolving utility narrative. While calling Bitcoin “digital gold” and “the greatest store of value that’s arguably ever been created,” Trump argued its use cases are broadening: “Every single day they’re figuring out new ways to kind of stake it, to get yield on it, to use it for everyday purchases […] you’re taking this digital gold […] and you’re putting massive utility behind Bitcoin.” He framed volatility as an ally for long-term buyers—“Volatility is our friend”—and, with a wink to Michael Saylor’s famous extremism, quipped, “I know obviously he jokes when he says that, but he’s right. Buy it, hold it, and I think you’re going to do extremely well.” At press time, BTC traded at $110,149.

Highlights include US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada Jobs Newsquawk Week Ahead: Highlights1st – 5th September 2025 MON: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2) TUE: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug) WED: NBP Announcement, Australia Real GDP (Q2), US ADP National Employment (Aug), Chinese Caixin Services PMI (Final), mEZ, UK, US Services PMI (Final), US Durable Goods R (Jul) THU: Swedish CPIF (Aug), US ISM Services PMI (Aug) FRI: UK Retail Sales (Aug), EZ GDP R (Q2), US Jobs Report (Aug), Canadian Jobs Report (Aug) EZ FLASH HICP (TUE): Expectations are for HICP Flash Y/Y to print at 2.0% (prev. 2.0%), with the “super-core” forecast at 2.2% prev. 2.3%). As a reminder, the prior release showed headline Y/Y HICP held steady at 2%, super-core ticked lower to 2.3% from 2.4% and the services component nudged lower to 3.2% from 3.3%. Oxford Economics noted that energy prices remained in nmdeflation, demand-driven inflationary pressures continued to decrease, and services inflation steadily disinflated. For the upcoming report, analysts at Investec note that despite a downtick in services inflation, the headline rate is likely to rise to 2.1% due to unhelpful energy base effects. Elsewhere, the desk expects to see a stabilisation in food price inflation following the increase seen in 2025. From a policy perspective, markets price a circa 34% chance of a 25bps rate cut by year-end, with the odds of further loosening having faded alongside the EU-US trade agreement and a more resilient-than-expected Eurozone economy. That being said, if the strengthening of the EUR is to pose the risk of an inflation undershoot in the region, some voices on the Governing Council may grow increasingly in favour of further easing. Note, Goldman Sachs sees headline inflation broadly below target throughout 2026. US ISM MANUFACTURING PMI (TUE): As a basis of comparison, the flash S&P Global US manufacturing PMI rose to 53.3 in August from Julyʼs 49.8, marking a 39-month high and signalling a renewed improvement in factory conditions. Output climbed for a third consecutive month at the fastest pace since May 2022, supported by the largest inflow of new orders since February 2024. Manufacturing employment rebounded, recording the largest payroll increase since March 2022, while input inventories also rose sharply. Faster supplier deliveries provided a minor drag on the PMI, but less so than in July. S&P Global said that optimism in the sector was lifted by policy support, such as tariffs, and remained well above the post-pandemic average. However, firmsʼ confidence stayed below Januaryʼs recent peak due to concerns over higher costs and geopolitical uncertainties, particularly around international trade and supply chains. The report suggested continued expansion in manufacturing, underpinned by strong demand, though caution persists amid cost pressures and external risks. AUSTRALIAN GDP (WED): Q2 GDP is expected to show another subdued print, following Q1 growth of 0.2% Q/Q and 1.3% Y/Y. Westpac forecasts a 0.4% Q/Q rise, leaving annual growth at just 1.3% in six-month annualised terms, well below the RBAʼs revised trend of 2.0%. Westpac highlights that the recovery has stalled over H1, with public demand proving weaker than anticipated— public construction fell 5.1% across the first two quarters and infrastructure spending dropped more than 7%. The desk adds that private capex has failed to offset the pullback, with non-residential building activity down 2.6% and machinery and equipment investment still below late-2024 levels. Consumer spending improved modestly on real income gains, but momentum has since softened. Commodity exports rebounded, led by iron ore, though higher imports left net trade flat. Overall, a weak Q2 print would reinforce the fragile growth backdrop and support market expectations of further RBA easing into year-end. Markets currently price some 20% chance of a 25bps cut at the 30th September meeting, with Novemberʼs confab currently baking in 24.5bps worth of easing. SWEDISH CPIF (THU): The August inflation report will be key in dictating the policy decision at the next Riksbank meeting on Sept 23. In terms of expectations via SEB, analysts see core CPIF to slow in August to 2.9% Y/Y (prev. 3.2% Y/Y), but still remain a touch above the Riksbankʼs own target. However, the bank sees headline Y/Y CPIF to rise a touch to 3.2% (prev. 3% Y/Y) on higher electricity prices. As a reminder, Julyʼs inflation data printed more or less in line with the consensus, and Core CPIF Y/Y for July was a touch below expectations, whilst M/M matched consensus. The elevated inflation metrics led the Riksbank to keep rates steady at its August meeting. Within that, the Bank kept the door open for “some probability” of another cut this year – and should inflation cool in August, SEB thinks the Bank will opt for a 25bps cut in September, with policymakers also wary of the slowing activity picture in the region. The Minutes of the most recent meeting showed that some members viewed the upturn in inflation as temporary, and should that prove to be the case in August, then it may raise the probability of a cut in September. US ISM SERVICES PMI (THU): As a point of comparison, the flash S&P Global US services PMI fell slightly to 55.4 in August from Julyʼs 55.7, marking a two-month low, but signalled continued robust expansion in the sector. Services sales rose at the fastest pace since December, supported by stronger exports and improved customer confidence. Average prices charged climbed at the sharpest rate since August 2022, reflecting sustained cost pass-through, while goods price inflation eased slightly but remained elevated. Backlogs in services held at the joint-steepest rate since May 2022. S&P Global noted that business activity growth eased from Julyʼs year-to-date high, though firms remained buoyed by new product offerings and strong demand. Its report suggested a continued expansionary trajectory for services, supported by resilient domestic demand and a modest return to export growth, evenas inflationary pressures remain elevated. Source: Try Newsquawk free for 7 days UK RETAIL SALES (FRI): Expectations are for the delayed July retail sales report to show Y/Y at 1.3% (prev. 1.7%) and M/M 0.2% (prev. 0.9%). Core Y/Y is expected at 1.1% (prev. 1.8%) and core M/M at 0.4% (prev. 0.6%). In terms of recent retail indicators, BRC retail sales for July rose 1.8% Y/Y (prev. 2.7%) with the accompanying report noting “with sales growth at these levels, it is barely touching the sides of covering the GBP 7bln new costs imposed on retailers at the last Budget. If the upcoming Autumn Budget sees more taxes levied on retailersʼ shoulders, many will be forced to make difficult choices about the future of shops and jobs, and ongoing pressure would push prices higher.” Elsewhere, the Barclaycard Spending report noted that growth “was predominantly driven by clothing retailers, who had their strongest month of growth since September 2024, as Julyʼs changeable weather led consumers to double up on purchases for both rainy and sunny weather.” For the upcoming ONS report, Oxford Economics pencils in a 0.2% M/M decline in July due to “the level of sales in the non-food and non-store categories in June being much higher than in previous months,” so it thinks that there’s scope for some payback in the July report. US JOBS REPORT (FRI): The consensus expects 75k nonfarm payrolls to be added to the US economy in August (prev. 73k), with the unemployment rate seen rising to 4.3% (from 4.2%; vs Fed end-2025 projection of 4.5%). Average earnings are seen rising +0.3% M/M, matching the July figure, and average workweek hours are expected to be unchanged at 34.3hrs. Analysts at Barclays are in line with the consensus, expecting +75k nonfarm payrolls. The bank notes that their monthly models, which use weekly initial and continuing unemployment claims and other employment indicators, project a stronger payroll gain than their main forecast, although it cautions that these inputs swing substantially month-to-month due to distortions in seasonal adjustment from the pandemic, so they place more weight on the median model forecasts. On revisions, Barclays says that while late-arriving responses caused downward revisions in July, there is little evidence for meaningful serial correlation in revisions across months, so they do not expect substantial changes to June or July estimates. However, they acknowledge that tariff-related disruptions could affect non-responding establishments, which could influence hiring. In terms of the implications for Fed policy, many brokerages now expect a 25bps Fed rate cut in September following Chair Powellʼs warning at Jackson Hole on rising labour market risks. Powell highlighted downside employment risks, including potential layoffs and higher unemployment, signalling an easing bias. Barclays brought forward its previously expected September 2026 cut to 2025, while others like BNP Paribas and Deutsche Bank also revised forecasts for cuts in September and December. Goldman Sachs and JPMorgan reaffirmed expectations of a September cut, aligning with market sentiment; BofA and Morgan Stanley remain cautious, citing ongoing inflation pressures and economic mrebound, but note that further labour market softening could prompt easing. At the time of writing, money markets are pricing an 85% probability of a 25bps cut on September 17th (vs around 75% before Powellʼs Jackson Hole speech), and through to the end of the year, are now fully discounting two rate reductions. CANADIAN JOBS REPORT (FRI): The BoC will use the upcoming labour market data to help guide its future rate path, though it is only one factor, as the Bank remains on hold to assess the impact of US trade policies. In July, rates were left at 2.75% in a unanimous decision, with some members noting sufficient support for the economy while others saw a potential need for more. This 2.75% level is the centre of the BoC’s neutral estimate, suggesting limited room for cuts, depending on tariff effects. The latest BoC minutes showed that the labour market remained soft. Job losses were concentrated in sectors that are reliant on trade. Employment had continued to grow in the rest of the economy. While job growth had picked up in June, the unemployment rate was 6.9%, with some categories, such as youth unemployment, markedly higher since the beginning of the year. Some members expressed concern about the risks of further increases in the unemployment rate and the implications for households if the trade conflict were to escalate or the effects were to spread through the economy more broadly. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Check out our previous article Mastering Retracements in Trading The post Newsquawk Week Ahead: Highlights1st – 5th September 2025 appeared first on Forex Trading Forum.

Copper prices rose on Friday, putting the metal on track for a fourth straight weekly gain, as upbeat economic signals from the U.S. and China buoyed demand expectations. The benchmark three-month copper contract on the London Metal Exchange (LME) rose as much as 0.8% to $9,898 per metric ton, hovering near its highest level in a month. Futures on the COMEX also gained, with the most-active contract climbing 1% to $4.5880 per pound ($10,093/t). Economic tailwinds from the US and China In the US, revised government data showed the economy expanded at a 3.3% annualized pace in Q2, stronger than the previously reported 3% growth. The revision was driven by a pickup in business investment, which jumped 5.7%, alongside resilient consumer spending and support from trade. Meanwhile, in China, industrial profits fell in July at a slower pace than in June, hinting that government efforts to curb overcapacity and stabilize manufacturing may be beginning to take effect. A moderation in profit declines could support downstream demand for industrial metals, including copper. Bloomberg Intelligence analysts noted that metals prices “appear set for an upswing in the near term as dollar bears’ case remains compelling,” adding that recent volatility in the greenback against Group of 20 currencies is “unlikely to alter the case for a cyclically bearish dollar” in the second half of the year. Goldman Sachs analysts, however, cautioned that while US rate-cut expectations and supportive regulations have lent stability, looser physical markets and lingering weakness in Chinese economic data could weigh on the sector. The bank reiterated its year-end LME copper forecast of $9,700/t, maintaining a bearish stance on aluminum.

Crypto analyst XForce has set a $20 target for the XRP price. The analyst also highlighted two scenarios that could play out from here for the altcoin to reach this price target. XRP Price Eyes Rally To $20 In This Market Cycle In an X post, XForce declared that $20 remains the primary cycle target for the XRP price. He noted that the altcoin still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro level. The analyst then went on to mention a strong impulse continuation and Wave 1-2 Flat continuation as the two scenarios that could play out for the altcoin. In another analysis, XForce provided an update on the macro trend for the XRP price, noting that it still has plenty of room for its bullish continuation. He further remarked that XRP is bullish as smart money is currently accumulating the token, while others are afraid that this is the market top. Based on his analysis of the macro count, XForce admitted that there is the short-term possibility of a pullback for the XRP price. However, he remarked that it doesn’t change the implication of the macro count, which shows there is still a lot of room to the upside. The analyst added that there is currently no indication that XRP will experience pullbacks of up to 60% to 70%, as it did in previous cycles. Instead, he believes that the current XRP price level will act as the base for the Wave 3 impulsive move to the upside. XForce also noted that XRP had a long period of consolidation before its bull run began, which makes it unlikely that it has already topped. The analyst then stated that $10 to $20 is his conservative target for the altcoin, while there is the possibility that it could reach $40 if the bull run extends. A Breakout Is Imminent For XRP In an X post, crypto analyst CasiTrades stated that a breakout is imminent for the XRP price as it continues to hold its consolidation pattern. She revealed that price action is tightening right to the apex and that there isn’t much time left before a major breakout. Meanwhile, XRP recently tested the bottom trendline of the consolidation and showed a strong reaction right to the top. CasiTrades noted that this further strengthens the consolidation pattern since no new lows were made, and that the count and macro extensions remain valid. The analyst then mentioned that the apex of this entire consolidation is the .382 support at $2.99. She added that a strong breakout through $3.08 and a backtest of that level as support would confirm bullish continuation. At the time of writing, the XRP price is trading at around $2.90, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Nevada-focused Scorpio Gold (TSXV: SGN) says it has received an C$8 million ($5.8m) investment from Canadian mining entrepreneurs Ross Beaty and Eric Sprott to advance its flagship Manhattan property. The investment comprises the issuance of 32 million common shares priced at a discount of C$0.25 apiece. Beaty, who founded Pan American Silver (TSX: PAAS) in 1994 and is the current chairman of Equinox Gold (TSX: EQX), bought 20 million shares, while billionaire investor Sprott placed an order for 12 million. Scorpio Gold rose by nearly 15% following the announcement. By 10:30 ET, the stock traded at C$0.38 a share — its highest in over two years — with a market capitalization of approximately C$73 million ($53.1m). The proceeds, the Vancouver-based gold junior says, will be used for exploration and development activities at Manhattan. The property encompasses the Goldwedge mine, with a 400-tonne-per-day mill, and four past-producing pits that were acquired from Kinross in 2021. Late-stage exploration project Scorpio considers the consolidated Manhattan district property, covering 47.8-sq.-km, as a “late-stage exploration opportunity” with over 100,000 metres of historical drilling and significant resource potential. It also noted that the land package is about 16 km south of Kinross’ Round Mountain mine. Goldwedge is a fully permitted underground mine project with over 600 metres of excavation. Drilling to date has outlined mineralization over a 335-metre strike length and to a vertical depth of over 150 metres. The former Kinross projects have a history of production dating back to the 19th Century. The Reliance mine produced around 59,000 tonnes grading 12.3 g/t gold between 1932-1941, while the Manhattan Mine East & West pits outputted 236,000 tonnes during 1974-1990. To supplement historical data on the projects since production ended, Scorpio kicked off a Phase 1 diamond drill program in June, targeting three main areas: the Gap Zone sandwiched between the historic Goldwedge and West Pit mines, the Zanzibar Trend connecting Goldwedge to the third target zone, and Mustang Hill’s historic underground mines. “Previous operators have failed to consolidate the Manhattan claim package, leaving areas such as the Gap Zone, connecting the West Pit to the Goldwedge mine untested,” Harrison Pokrandt, Scorpio’s VP of exploration, stated in a June 20 news release. “This situation has now been resolved, just one of the factors that now allow Scorpio to fully unlock the potential of the district.” Focus on Manhattan To focus solely on exploring the Manhattan district, the company last month sold its other project in Nevada, the Mineral Ridge in Esmeralda County, to a third party for $7.5 million. CEO Zayn Kalyan said the sale would enable Scorpio to focus its financial and strategic resources on the Manhattan district and deploy the proceeds directly into unlocking the value of what it believes is a “highly prospective, underexplored asset in a Tier 1 jurisdiction.” “With the large amount of historic workings and past-producing assets on the property, and Kinross’ Round Mountain gold mine just 15 km to the north, on the north side of the Manhattan Caldera structure, I believe Manhattan has the potential to become a multi-million-ounce gold asset,” he stated in press release earlier. While it completes the drilling, the company plans to publish an initial resource for Manhattan in the third quarter of 2025 incorporating some of the new results, and then look to expand the resource going into next year.

China is moving closer to exploring stablecoins, a change that could reshape global payments and help push the yuan onto the world stage. Reports say the State Council is reviewing a roadmap that would set targets for using a yuan-backed stablecoin, assign roles to domestic regulators, and lay out rules to manage risks. Senior leaders are expected to meet this month to discuss yuan internationalisation and stablecoin policy — a notable shift from the 2021 ban on crypto trading and mining, and a development closely watched by projects like Conflux crypto, which position themselves as regulatory-compliant blockchains in China. If energy majors like PetroChina begin settling transactions in yuan-pegged tokens, the potential impact on global trade corridors could be massive. For China, it would mean a direct application of stablecoin technology to expand yuan-denominated settlement, reducing reliance on the U.S. dollar in oil and commodity markets. Could Conflux crypto become a major player in this sector? The answer will depend on regulatory outcomes in Beijing and Hong Kong, how smoothly Conflux’s upgrade runs, and whether major firms actually move to settle in yuan-pegged stablecoins. For now, Conflux sits at the center of a story that mixes policy, infrastructure upgrades, and corporate pilots — and that blend is why traders can’t help but watch closely. Key Takeaways China’s State Council is reviewing a roadmap for yuan-backed stablecoins. This signals a major policy shift. Conflux crypto gains momentum with its 3.0 upgrade and compliance edge, aligning with China’s blockchain ambitions. PetroChina explores stablecoin settlements under Hong Kong’s new framework, highlighting broader adoption in traditional industries. The post China is Moving on Chinese Stablecoin: Is Conflux Crypto Pump Evidence of Smart Money Accumulation? appeared first on 99Bitcoins.

We are concluding a fairly muted trading week, with participants usually taking the final trading week of August to reload their batteries before entering the volatile final four months of the year. As a matter of fact, the session close will be essential to watch as month end flows tend to move markets quite largely. Indecisive trading, Ukraine-Russia talks take a step back Markets decided to consolidate on relative low-volume trading. Action in Forex markets was almost nonexistent, with low-volatility and volumes ranges, while equities went higher step by step. The S&P 500 still reached some new all-time highs and the Dow Jones is holding above its previous record (Is a double top into work for the index? This could have big technical implications) – It isn't shocking to get timid action ahead of Non-Farm Payrolls, particularly with the current state of things in Markets. Jerome Powell is changing his tone, the Federal Reserve's independence is getting challenged harshly, and diplomatic advances are failing: The German Chancellor Merz announced that Zelenskyy-Putin talks won't take place anytime soon. With the past month's weak NFP report and a contradicting July PPI putting back tariff fears on the table, the path ahead is unclear yet again. Weekly performance from different asset classes Weekly Asset Performance, August 29, 2025 – Source: TradingView Cryptocurrencies have seen quite a selloff this week, but this comes after a decent past week. Nothing is too shocking here as volatility decreases and key data is expected next week. However, some relatively weak highs have been formed, as can be seen in our past week's analysis of the Cryptocurrency Market. Indeed, Bitcoin has formed a double top and is failing to provide much to counter its effect, while Ethereum peaked at a new all-time high on Saturday before correcting further. Ether has better prospects than its older brother, but its performance will still be contingent on BTC's performance. For the rest, Nasdaq and other stock indices weren’t performing much, but Nvidia earnings brought positive sentiment back. The winners of this week are commodities, with Oil and Gold standing on top (Silver also had quite a strong performance). It seems that Powell's pivot, although not having a big influence on other Markets, helped metals get back on their 2025 bull train. We should get a better idea if that is to continue after next week. Always keep an eye on the US Dollar to gauge the state of other markets (a strong USD usually leads to lower demand for Metals). Read More: US Oil (WTI) breaks $65, Russia–Ukraine talks regressEURUSD rangebound in the waiting for further news – breakout levelsGold (XAU/USD) Eyes Weekly Close Above $3400/oz on Renewed Haven Demand and DXY WeaknessThe Week Ahead – US Non-Farm Employment in focus (with some other key data points) The beginning of next week should see volumes slightly getting back due to beginning of the month and quarter positioning. However, the entire trading planet is awaiting for Friday's Non-Farm Payrolls report, therefore trading won't be as clear before that date. Asia Pacific Markets - Growth data for Australia with Governor Bullock and PMIs for China China and Australia will be in focus for APAC trading next week: China opens the week with Caixin Manufacturing PMI on Sunday evening, a key gauge of factory activity that often sets the tone for Asia (and has high influence on AUD and NZD performance) The Services PMI on Tuesday evening will complement the picture, amid a still slowing Chinese economy (most of the recent growth has been generated from government stimuli). Australia’s week is also packed with data – Manufacturing PMIs and Q2 GDP land on Tuesday, giving insight into growth momentum. Later, Thursday’s Trade Balance figures and comments from the Royal Bank of Australia Governor Bullock will add spice, with markets parsing every word for future policy hints – The RBA has just about one extra cut priced in for the year. Japan and New Zealand won't see much in terms of key data. The Bank of Japan is the next APAC central bank to release their rate decision, with a pause mostly expected, but either way, the decision will not come before the middle of the month (September 18th). The BoJ is trying to push back their hike (13% chance of a hike priced in for the year) and would, like US President Trump, love for the FED to cut to reduce the high interest rate differentials. In terms of Asian Equity markets, the Nikkei and Hang Sang are both consolidating around their yearly highs in search of further momentum, while the Singapore STI, which reached a new record of 4,272 on Wednesday 13th has started to decline the past two days – is it profit-taking again or is Asian economic activity starting to get dragged by the Trump tariffs? US, Europe and UK Markets - US NFP and Services PMIs, Eurozone Inflation and Canadian Employment The week kicks off slowly for Markets, but really starts to pick up on Tuesday with Eurozone inflation data. Core CPI is expected to stay soft at 2% YoY, while monthly numbers remain flat – with European inflation hanging around 2%, the European Central Bank should hold still for a while now. A very small 10 bps cut premium is priced in for the rest of the year, but except for a sudden fundamental change, the ECB Main policy rate should stay between 2% to 2.15%. In the UK, attention turns to Friday with Retail Sales (expected +0.4% MoM), a release that could give the Pound some direction after a quiet stretch. A weak number would reinforce the idea that consumer demand remains fragile, while a beat may push back some dovish expectations from the Bank of England. For North America and actually for all markets, the spotlight is firmly on the US labor market. Thursday’s ADP Employment Change will provide a first look, before Friday’s Nonfarm Payrolls report sets the tone. Markets expect around 78k jobs added – downward revised expectations after the prior month surprise revisions. The US unemployment rate is still only at 4.2%! Alongside payrolls, Average Hourly Earnings will be crucial to gauge wage pressures. Less influential but released at the same time, Canadian employment data (including unemployment, currently at 6.9%) could bring extra volatility to USDCAD. Don't forget the Canadian Trade Balance data, releasing on Thursday at 8:30 A.M. Finally, don’t overlook PMI releases across the board – ISM Manufacturing on Tuesday, ISM Services on Thursday– all of which will feed into the global growth narrative. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (High-tier data only) Safe Trades and enjoy your weekend! 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.

Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to acquire another 35% of West African Resources’ (ASX: WAF) Kiaka gold mine — a move that forced the miner into a trading halt on Thursday. The company said the government wants to raise its stake in Kiaka, which poured first gold in June, “for valuable paid consideration,” adding that trading should resume Monday. WAF has grown from a struggling explorer into one of West Africa’s biggest success stories, producing about 500,000 ounces of gold a year at low cost. The company says it has already paid hundreds of millions of dollars in taxes and royalties to Burkina Faso, with revenues expected to reach the billions once Kiaka ramps up. Orezone Gold (ASX, TSX: ORE), which operates the Bomboré mine, also halted trading after the news. The company said it has received no similar request from the government but plans to meet with officials this weekend. The development highlights the fragile investment climate in West Africa, already rattled by political instability in Mali. Burkina Faso, Africa’s fourth-largest gold producer, has added key assets to the portfolio of its new state-owned miner, Société de Participation Minière du Burkina (SOPAMIB). In June, five gold mines and exploration permits, previously held by Endeavour Mining and Lilium, were transferred to SOPAMIB. The push began in August 2024, when the government nationalized the Boungou and Wahgnion mines for about $80 million, a fraction of the $300 million their sale had been valued at. Kiaka gold mine. (Image courtesy of West African Resources.) Other operators remain exposed. Canada’s IAMGOLD continues to run the Essakane mine, in which the government holds a 10% stake. Security concerns, however, weigh heavily on its operations. A popular leader The policy shift reflects the growing influence of Ibrahim Traoré, the 37-year-old military leader who seized power in 2022 and declared himself president. Traoré has called on his ministers to expand state control over resources while framing his rule as part of a broader Pan-African and anti-Western revival. His supporters see him as a bulwark against foreign interference. In April, thousands rallied in Ouagadougou after an alleged counter-coup attempt failed. They also denounced comments by U.S. Africa Command chief Gen. Michael Langley, who accused Traoré of misusing gold reserves. Demonstrations spread to London, Kingston and Montego Bay, where members of the African diaspora voiced solidarity and praised him as a “Black liberator.” Whether Traoré can stabilize Burkina Faso and repel a long-running Islamist insurgency will determine how far his resource nationalism spreads across the region. New ‘safe’ destinations For foreign miners, the upheaval underscores how quickly long-term agreements can collapse. Countries such as Ghana, Egypt, Namibia and Botswana continue to offer more predictable frameworks, while Côte d’Ivoire and Guinea are emerging as new magnets for investment. Rio Tinto’s (ASX, LON: RIO) multibillion-dollar Simandou project highlights growing confidence in Guinea’s commitment to the rule of law. Yet the risks remain high. Success in much of Africa often depends on global majors with world-class mines, diversified portfolios and close government ties. Canada’s Barrick Mining (TSX: ABX)(NYSE: B) continues to navigate these challenges in Mali, but smaller players such as WAF now face sharper uncertainty.

Bitcoin has entered a consolidation phase after reaching $124,500 earlier this month and retracing below the $115,000 mark. The sharp move higher followed by weeks of sideways action has left the market in a state of uncertainty, with traders watching closely for the next decisive move. For many analysts, this consolidation is not a sign of weakness but rather a natural pause before the next leg higher. A push above the all-time high would be the clearest confirmation that the next wave of growth has begun. Momentum, however, remains dependent on whether buyers can reclaim lost ground and sustain pressure against resistance levels. Despite short-term caution, onchain signals suggest the broader cycle is still building toward expansion. According to key data shared by CryptoQuant, the Bitcoin Composite Probability points to an early accumulation phase. Historically, such phases occur before major breakouts, when patient investors quietly build positions while price consolidates. This indicator aligns with the idea that the market is resetting before another surge. Bitcoin Market Structure Points To Early Accumulation According to top analyst Axel Adler, Bitcoin’s current cycle can be broken down into clear phases of accumulation and distribution. The index highlights two major accumulation points: the first in March 2023, when Bitcoin traded around $22,000, and the second in August–September 2023, near the $29,000 level. These zones marked periods when long-term holders and new entrants quietly built positions before the next leg upward. Following these accumulation phases, Adler identifies five distribution waves where profit-taking dominated: first between $34,000 and $44,000, then at $62,000, followed by $90,000, $109,000, and most recently at $118,000. Each wave represented a step higher in the market structure, but also a point where sellers gradually released supply back into the market. Currently, CryptoQuant’s composite places Bitcoin at a Probability of 38% with a Min-Max of 31%, which he defines as the “repair zone.” This phase, also referred to as digestion or base formation, reflects early accumulation without yet confirming an upward reversal. In other words, while the groundwork for a new rally may be forming, conviction from buyers has not fully returned. For investors, this repair zone carries important implications. Historically, such phases have preceded new bullish waves, offering opportunities for those willing to accumulate before momentum shifts. As Bitcoin consolidates below its highs, Adler suggests that the market may be quietly preparing for continuation — a reminder that consolidation often sets the stage for the next decisive move. Testing Pivotal Level As Downtrend Extends Bitcoin is trading around $109,800 after another sharp drop, reinforcing the selling pressure that has weighed on price action throughout August. The 4-hour chart highlights BTC’s continued struggle to regain momentum following repeated rejections near the $123,000 resistance zone. Each attempt to push higher has been met with heavy supply, leaving the market to trend lower in a series of lower highs and lower lows. Currently, BTC sits just above the $110,000 mark, a level acting as short-term support. However, the broader structure remains bearish, with price trading below the 50-day ($112,725), 100-day ($115,023), and 200-day ($115,831) moving averages. These technical levels now serve as overhead resistance, further complicating the path for bulls to stage a meaningful recovery. If Bitcoin fails to hold the $110,000 support, the next downside target lies near $108,000, with a deeper correction potentially extending toward $106,000. Conversely, a bounce from current levels would require reclaiming $112,000 to ease immediate pressure, while a decisive move above $115,000 would be essential to shift momentum back in favor of buyers. Featured image from Dall-E, chart from TradingView

American Bitcoin, partially owned by Eric Trump and Donald Trump Jr, targets a September public debut on the Nasdaq, according to Hut 8 CEO, Asher Genoot. The announcement came from an interview with Reuters during the Bitcoin Asia conference in Hong Kong, with Genoot stating that Hut 8, Eric, and his brother Donald will own 98% of the entity. The new company will retain the name of American Bitcoin and trade with the ticker ABTC. According to Genoot, the Trump brothers found it more advantageous to create and list the company, rather than go for a public IPO, which would give it access to multiple financial avenues anyway. A September listing for American Bitcoin would rally up the market and bring more eyes to the crypto sector, with mining-based projects like Pepenode ($PEPENODE) potentially seeing massive long-term gains. American Bitcoin on the Path to Becoming the Largest Bitcoin Miner American Bitcoin plans to become one of the largest Bitcoin-centric entities in the world, hoarding $BTC from both mining and buying. The company already holds 215 $BTC, according to a June 2025 disclosure. Hut 8, meanwhile, is ranked 12th out the top 100 public Bitcoin Treasuries globally, with a reserve of 10,667 $BTC, based on Bitcoin Treasuries data. And it’s aiming even higher. Crypto exchange Gemini founders – the Winklevoss twins – also invested an undisclosed amount in American Bitcoin, followed by a $21M donation to the Digital Freedom Fund PAC in an effort to support the US President’s pro-crypto agenda. American Bitcoin’s September listing should finalize after the company’s merger with Gryphon Digital Mining reaches closing; at this point, the latter will have a 2% holding. Eric and Donald Trump Jr will hold 18% of the new company, with Hut 8 being the majority owner at 80%. American Bitcoin’s Nasdaq listing coincides with the rapid advancements in the GENIUS Act’s implementation process, which is set to ramp up after October. Together, these events will likely stir the market enough to fuel the coming altcoin season, which will see projects like Pepenode fire up. Pepenode ($PEPENODE) – The First Presale That Enables You to Mine Coins Virtually Pepenode ($PEPENODE) is a meme coin that offers a unique gamified mine-to-earn experience. In other words, it gives you the chance to mine meme coins in your own virtual mining rig without having to upgrade your system or experience spicy electricity bills. It all happens in the Pepenode ecosystem, where you buy nodes and facilities to build that virtual mining rig. The rig comes with a data-rich dashboard, highlighting info like rewards, hashrate, and progress to help you adjust its parameters accordingly. More importantly, the earlier you kickstart your mining machine, the higher the rewards, because early nodes mine use a higher hashrate. This creates an incentive to join the project as early as possible, along with the meaty $3,543% dynamic APY reward for stakers. Moreover, the referral program also offers 2% of whatever your referred address mines, further incentivizing organic growth and investor participation. $PEPENODE is available for the presale price of $0.0010325, which means you can buy a sizable stack with a minimal investment. As a side note, the presale just started, and it’s already performing above expectations, with $484K+ raised to date. If Pepenode looks right up your alley, visit the official Pepenode presale website today. Could America Bitcoin’s Nasdaq Listing Kickstart the Alt Season? America Bitcoin’s Nasdaq listing is likely to kickstart the beginning of the alt season indirectly, by virtue of fueling up Bitcoin. This, combined with Trump’s GENIUS Act – already in its implementation phase – and the growing institutional support, could well push Bitcoin into another ATH run. When that happens, Pepenode ($PEPENODE) is likely to see a surge in investor interest, thanks to its innovative approach to the idea of a gamified experience during presale. Remember, though, this isn’t financial advice. Do your own research and invest wisely.