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SharpLink Gaming is solidifying its position as one of the world’s largest corporate holders of Ethereum, announcing a landmark of $400 million registered direct offering secured through partnerships with five major institutional investors. This move underscores the growing confidence institutional players have in ETH’s long-term potential and its aggressive accumulation strategy. Institutional Backing Pushes SharpLink Toward $3 Billion Milestone SharpLink Gaming has announced a $400 million registered direct offering agreement with five global institutional investors, which includes some of the largest in the world. The agreement marks one of the company’s most significant funding deals to date, bolstering its capital reserves and signaling strong institutional confidence in its growth strategy. This capital injection adds to its unused $200 million at-the-market (ATM) facility, giving the company a powerful liquidity arsenal. In addition to these funding streams, SharpLink currently holds approximately 598,800 ETH in its treasury, and the company’s ETH holdings are expected to exceed an estimated $3 billion in value with the latest move. While SharpLink entered an agreement with investors to boost its ETH reserve, BitMine Immersion is also aggressively buying Ethereum. A recent report revealed that the company has become the largest ETH treasury in the world, holding more than 1,000,000 ETH in corporate reserves. The firm’s treasury now sits at a remarkable 1.15 million ETH, valued at approximately $4.96 billion at current market prices. Meanwhile, the scale and speed of this accumulation are unprecedented. In just over a month, the company has expanded its holdings from 163,000 ETH to more than a million, with a bold goal to stake 5% of the entire ETH supply. “In just a week, BitMine increased its ETH holdings by $2.0 billion to $4.96 billion (from 833,137 to 1.15 million tokens), lightning speed in the company’s pursuit of the ‘alchemy of 5%’ of ETH,” Thomas “Tom” Lee of Fundstrat, Chairman of BitMine’s Board of Directors, stated. How Ethereum Delivers Security And Alignment In an X post, BitDigital_BTBT emphasized that the company does not consider Ethereum a hedge, but the foundation of their entire investment strategy. The firm regards ETH as the most productive, secure, and aligned asset in the world, uniquely positioned to drive the future of finance. Beyond its current role, BitDigital_BTBT sees ETH as a critical infrastructure layer that will fundamentally reshape how value is moved and settled in modern financial markets. With its robust technology and growing adoption, ETH holds the transformative power to rewrite the entire financial system, shaping the next generation of global economic interactions. Currently, Bit Digital holds over 120,00 ETH, but this is just the beginning. Specifically, their boldness is fueled by a deep conviction in ETH’s potential to transform the world of finance and beyond. The company believes that no other blockchain and technology platform comes close to matching ETH’s ability to reprogram finance.

The alt season is officially underway, with ETH (Ethereum) leading the charge in institutional interest. Bernstein, a recognised research and brokerage firm, has backed ETH-native platforms like Coinbase to benefit from the current market dynamics. Bernstein issued a client memo on 11 August 2025, highlighting an 80% surge in ETH since 5 June 2025. This was parallel to Circle’s successful IPO, suggesting ETH’s growing domination in stablecoin issuance. In the memo, Gautam Chhugani, an analyst at Bernstein, stated, “In crypto lingo, this market structure is called the ‘alt rally’, i.e. when digital assets other than bitcoin rally stronger relative to bitcoin.” Notably, by July, the trading volumes had climbed 40% above Q2 averages, suggesting a renewed market demand. Bernstein’s memo framed Q3 and Q4 as the performance benchmark that investors should look out for. “From a revenue materiality standpoint, a rising ETH, followed by several ETH-linked ecosystem tokens, leads to a surge in trading volume and fees for Coinbase,” explained Chhugani. Given Coinbase’s transaction-driven revenue model, a persistent ETH rally could outperform its revenue projections. EXPLORE: 10+ Crypto Tokens That Can Hit 1000x in 2025 Institutional Interest In ETH Follows BTC’s Playbook Zooming back a little, it seems likely that ETH is tracing BTC’s institutional path. According to Bernstein, BTC’s evolution from spot ETF to balance sheet adoption is being studied and followed by ETH. Additionally, the research firm highlights the rise of ETH-focused treasuries, mirroring Michael Saylor Strategy’s BTC play as a new avenue for investment exposure. While analysts at Bernstein highlight that it is still early in the crypto bull cycle, several investment opportunities stand to gain as volumes rise and crypto moves further into the mainstream. EXPLORE: Top 20 Cryptos to Buy in August 2025 Key Takeaways Bernstein analysts comment that the alt-season is officially on Coinbase has a unique position to take advantage of ETH’s resurgence Bernstein suggests that ETH’s institutional take-off is taking a page out of BTC’s playbook The post Coinbase To Benefit From Institutional Interest In ETH, Says Bernstein appeared first on 99Bitcoins.

Ethereum’s price trajectory has taken on a decisively bullish tone with its movement in the past 24 hours. Now, technical patterns are pointing to the possibility of a rally that would not only push it past its current all-time high of $4,878, but also carry it to as high as $8,500. A recent analysis by TradingView analyst melikatrader94 points to the formation of a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024. The Mechanics Of Ethereum’s Current Bull Run Ethereum’s price action in the past few days has been very notable in terms of bullishness. The leading altcoin is currently up by 20% and 45% in the past 24 hours and seven days, respectively. This powerful upswing has pushed Ethereum to its highest price point since the peaks of the 2021 bull market. According to the technical analysis in question, which was initially shared by melikatrader94 on the TradingView platform, Ethereum is now playing out the last phase of an RABF pattern that has dragged on for many months. This RABF pattern is characterized by a horizontal resistance zone, now situated between $4,200 and $4,300, and a downward-sloping support trendline, which indicates that buyers are becoming increasingly aggressive with each pullback to reach the resistance again. The last time Ethereum bounced off this support trendline was in early April 2025, when it reached a low of $1,470. Since then, it has increased by about 194% up until the time of writing, where it is now attempting to break above the upper trendline. Price Target And What Needs To Happen According to the measured move principle, the breakout target is derived from the pattern’s vertical height, which is roughly $2,070. Adding this vertical height to the breakout level at $4,300 results in an initial price objective of $6,370. However, a strong bullish momentum beyond that milestone would see Ethereum extend its rally to as high as $8,500. Such an outcome would depend on if Ethereum can make a decisive daily close above $4,300 accompanied by robust trading volume. According to the analyst, this would set off a rapid advance with only a brief consolidation near the $5,100 mark before resuming its upward move. On the other hand, support levels to watch are at $3,700, then $3,200 in case Ethereum fails to hold above $4,300 and extend its rally. At the time of writing, Ethereum is trading at $4,320, up by 1.1% in the past 24 hours. Interestingly, this move has seen Ethereum outperforming other top cryptocurrencies like Bitcoin, XRP, and Solana, which are down by 2.2%, 3.5%, and 4% in the past 24 hours.

Peabody Energy (NYSE: BTU) may walk away from its $3.8-billion bid for Anglo American’s Australian coking coal mines after an unexpected closure cast doubt over the high-profile sale. The US miner agreed last year to buy the Queensland mines in the Bowen Basin, the world’s top coking coal region, as part of a push into steelmaking coal. But in March, Anglo had to halt its Moranbah North mine after an underground fire, triggered by high gas levels, broke out at the site. The incident prompted Peabody to invoke a clause allowing either party to abandon or renegotiate if a major negative event occurs before completion. The clause triggered a 90-day consultation period, which expired on August 3. Anglo maintains the closure is not “significant,” arguing damage and downtime will be limited. Chief executive Duncan Wanblad says the company stands by its legal position, is prepared to restart the sale process and now awaits Peabody’s decision. Peabody, which has not reached revised terms, intends to provide an update on August 19, it said at its second quarter results. The original deal included a $2.05-billion upfront payment, $725 million in deferred cash, up to $550 million in additional payments, and $450 million contingent on the reopening of the Grosvenor mine, after another fire there in June last year, ahead of the acquisition. For Anglo, the sale marked the first major divestment in a broader restructuring plan. For Peabody, backing out could ease pressure on a looming $2-billion bridge loan, but it could also chill coal deal-making across Australia. Peabody’s latest quarterly loss, on the back of a 33% dive in coking coal prices, left investors and rivals watching closely. With the deal in limbo, market sentiment could weaken further, clouding coal asset values and the short-term price outlook.

The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.3461, up 0.22% on the day. The pound has jumped 1.9% in August and touched a high of 1.3476 on Monday, its highest level since July 25. Job openings drop, wage growth steadyThe UK labor market continues to cool. Job openings fell by 5.8% across most industries and the nunber of payrolled employeees also declined. However, the slowdown was not as bad as expected and didn't boost the unemployment rate, which remained at 4.7%. The labor market is feeling the effect of higher employer national insurance contributions and a rise in the minimum wage, as employers continue to cut back on hiring. The Bank of England has been cautious in its rate path and last week's cut was only the second this year. The split vote at the rate meeting reflects the conundrum that Bank policymakers face regarding rates - the UK economy is weak and the labor market is slowing, but inflation has been moving higher. The Bank is expected to cut rates again in November but that will depend on the employment and inflation numbers. US inflation expected to hit to 2.8% The US releases the July inflation report later today. Inflation is is expected to inch higher to 2.8% y/y, up from 2.7% y/y in June. This would mark a third straight acceleration and the highest inflation level since February. Core CPI is also expected to accelerate to 3.0%, up from 2.9%. Monthly, CPI is projected to ease to 0.2% from 0.3%. Core CPI is projected to rise to 0.3% from 0.2%. Today's inflation report could shift market expectations for the September Fed meeting but a Fed cut will likely remain on track. The markets have currently priced in the likelihood of a rate cut at 84%, according to FedWatch's CME. GBP/USD Technical GBP/USD has pushed above resistance at 1.3436 and is testing 1.3453. Next, there is resistance at 1.34871.3402 and 1.3385 are providing support GBPUSD 4-Hour Chart, Aug. 12, 2025 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.

Is BlackRock set to become Ethereum’s Biggest Validator? ETH USD is on the verge of its next leg up after reclaiming $4,300 for the fourth time in 48 hours. A breakout from here likely takes the number two digital asset to a new all-time high, surpassing its November 2021 high of $4,878. This recent price action for Ethereum coincides with BlackRock making one of its most significant ETH purchases since it began accumulating, securing 150,584.76 $ETH for $639 million, taking the asset manager’s crypto holdings over $100 billion for the first time, per Arkham. (ARKHAM) DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now BlackRock Now Holds $12 Billion in ETH USD – What Do They Know? With its latest nine-figure ETH USD purchase, BlackRock now holds over $12.8 billion in Ethereum, its second-largest holding behind Bitcoin ($87.91 billion). BlackRock is the world’s largest asset manager, with over $4.74 trillion in assets under management (AUM). Per HedgeFollow, its top holding is Apple stock (AAPL), at $253.27 billion. Now, its crypto holdings have exceeded $100 billion, making it the fifth-largest holding, overtaking Meta (META), in which it holds $95.89 billion worth of stock. It isn’t talked about nearly enough how significant it is that the world’s largest asset manager has made crypto its fifth-largest holding. And its mass accumulation of ETH, while it is still more than 11% away from its all-time high level, is telling. For context, BTC is around 90% up from its November 2021 high of $67,617. It currently trades for $118,600 and looks ready for another leg up. BlackRock has seemingly spotted Ethereum’s undervalued position. Ethereum is the second-largest digital asset by market cap and has not yet made a new all-time high for the past four years. With its current ETH holdings making BlackRock the largest corporate holder of Ethereum, it highlights the demand and success of its spot Ethereum ETF product. Per CoinGlass data, yesterday, $1.02 billion in positive inflows for all Ethereum ETFs were seen, with over $639 million of that coming from BlackRock’s ETHA ETF. BlackRock is now seeking approval from the SEC to allow staking of its ETH holdings. If passed, this could see the asset manager earning over 209 ETH in yield on its Ethereum holdings per day, which equates to around $867,000 in daily ETH USD rewards, a staggering amount for BlackRock and its ETHA investors. DISCOVER: Top Solana Meme Coins to Buy in August Could BlackRock and Ethereum Treasury Firms Be the Catalyst to Send Ethereum to $15k? Not only is BlackRock buying ETH in huge quantities, but publicly traded companies are also taking the Michael Saylor/Strategy approach and pivoting to Ethereum Treasury firms. Sharplink Gaming (SBET), headed by Ethereum co-founder Joe Lubin, and Bitmine (BMNR), a former Bitcoin mining firm led by Tom Lee, are the two most prominent. Both firms now hold a combined 1.67 million ETH and are still buying. The difference between a Bitcoin Treasury strategy and an Ethereum one is the yield on offer with ETH staking. The current APR is around 2.6% on average, meaning these firms can earn sizeable interest just for staking Ethereum. This opens up the possibility for it being a more lucrative venture than the same strategy with Bitcoin due to the yield on offer. And with ETH USD still being under its 2021 all-time high, the continuous buying of Ethereum from behemoths such as BlackRock and the other asset managers, and also the ETH Treasury firms such as Sharplink and Bitmine, make the possibility of Ethereum hitting $10,000+ this cycle a real possibility. Retail investors can now invest in Ethereum without needing to navigate crypto exchanges, their awkward UIs, and unforgiving processes. By simply investing in BlackRock’s ETHA fund or buying SBET/BMNR stock, investors can gain exposure to the Ethereum upside more easily than ever. Then, if you add in to the mix that the chance of a 25bps rate cut in September at the Federal Reserve FOMC meetings is sitting at a 73% chance of ‘YES’ on prediction platform, Polymarket, things are shaping up for ETH USD to skyrocket to five-figures in 2025. EthereumPriceMarket CapETH$517.82B24h7d30d1yAll time EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Is BlackRock Set To Become Ethereum’s Biggest Validator? Here’s How ETH USD Can Hit $15K appeared first on 99Bitcoins.

Ethereum ETFs recorded their highest daily net inflows ever in the past 24 hours, reaching over a huge $1 billion. A milestone that displays growing institutional demand for ETH, with funds like BlackRock and Fidelity leading the total inflows. The past 24 hours, ETH inflows hit $1.018 billion, surpassing previous records high of $461 million days before. It’s a clear signal in a shift of investor focus. EthereumPriceMarket CapETH$517.82B24h7d30d1yAll time Is ETH The Best Crypto to Buy Amid Record-Breaking Inflows? Yesterday’s number shows BlackRock’s iShares Ethereum Trust absorbed $639.8 million in inflows, purchasing around 150,000 ETH. Fidelity followed with $276.9 million, while other providers like Bitwise and VanEck added smaller amounts. This pushed cumulative inflows past $10.83 billion since launch. Amid the big inflows, ETH’s price held steady at around $4,300, which was up 45% over the past 30 days. The rally forces reduced selling pressure while adding a strong whale accumulation. It is reported that large holders have added $1.3 billion in ETH recently. Institutions bought 5.5 times more ETH than BTC through ETFs on the same day, with Bitcoin inflows at $178 million. This disparity clearly shows Ethereum’s appeal apart from its power in DeFi and smart contracts. Analysts are targeting $5,000 soon once $4,330 resistance breaks . Layer-2 solutions and upgrades has enhance Ethereum’s utility, drawing more capital. Accumulation addresses hold record ETH volumes as on-chain data indicates steady outflows to cold storage, reducing available supply. The event has also driven Ethereum to potential all-time highs near $4,900, with some forecasts eyeing $6,000 to $7,000 by year-end. Sustained demand will trigger altcoin momentum, and Ethereum will likely lead the bulls. Overall, these inflows mark Ethereum’s maturation as an institutional asset. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 42 minutes ago ZORA Price Shocks Market In 80% Mega Rally: Best Crypto to Buy Now? By Akiyama Felix Zora price went parabolic, making a 77% jump over the past 7 days, totaling over 1,330% monthly crypto gains. Looks like whales are targeting this “night owl”, creators flooding in, and Binance perps making it into Web3’s latest obsession. Once just an NFT marketplace, Zora crypto has shifted to a fully-fledged decentralized social protocol living on Coinbase’s Base network. It is mixing NFTs, creator coins, and low-cost minting into a creator-owned economy. It is a truly decentralized art of works, leaving the unnecessary middleman in the past. Is Zora the best crypto to buy right now? Read the full story here. EXPLORE: Best New Crypto to Buy Now in 2025 The post [LIVE] ETH ETFs Hit Record $1B Inflows: Crypto Analyst Preditcs Ethereum To Fly Past $7,000 Before Year End appeared first on 99Bitcoins.

The Bitcoin News today opened with El Salvador’s Legislative Assembly passing the Investment Banking Law, establishing rules for financial institutions that cater exclusively to high-net-worth and institutional clients. The bill passed in the 68th plenary session with 55 votes. El Salvador’s new law enforces a $50 million share capital floor, prohibits crossover with commercial banking, and limits services to clients holding at least $250,000 in liquid assets, which may include BTC ▼-2.32%, gold, tokenized securities, cash, or government bonds. “The goal is to position El Salvador as a regional operational base for private capital,” – Legislative statement Both Brazil and Bolivia have also joined El Salvador as major adopters of Bitcoin and cryptocurrencies – are we seeing Latin America pivot to become the crypto capital of the world? BitcoinPriceMarket CapBTC$2.36T24h7d30d1yAll time Bitcoin News Today: Bolivia Trades Monopoly Money For USDT and BTC While El Salvador builds its crypto regime through legislation, Bolivia’s shift is happening at the street level. The country lifted a decade-old ban on digital assets last year, and in the first half of 2025, crypto payments have surged fivefold to nearly $300 million. Stablecoins such as USDT are now in circulation everywhere from coffee stands to universities, filling the gap as inflation climbs to a 34-year high of 25%. At this point, the Boliviano feels like Monopoly money, and the only board game anyone’s playing is called “How Fast Can You Swap to BTC or Tether.” Can anybody seriously create that? We’d play it. “When they can’t access hard currency and need to make urgent payments, crypto becomes a viable alternative,” – Oswaldo Barriga, Bolivian business leader (Chainanalysis) DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 CoinGlass data indicate that stablecoin transaction volumes in Latin America have surged over 400% year-over-year, with Bolivia ranking among the fastest-growing markets. While most flows involve USDT, there’s also been a marked uptick in BTC. In El Salvador, institutional crypto flows remain modest but are expected to grow as the new banking law enables Bitcoin-focused financial services. 99Bitcoins analysts note that the overlap between private capital inflows and digital asset infrastructure could position the country as a regional crypto-finance hub. Bottom Line In Latin America, two paths toward crypto adoption are unfolding at once. El Salvador is constructing a framework to court big money and regulated players. Meanwhile, Bolivia is watching ordinary people swap into digital assets out of sheer economic necessity. Both approaches are accelerating the region’s shift into the crypto era. This isn’t even getting into Brazil, where nearly 20% of the population owns cryptocurrencies according to the latest data, or Venezuela, which is adopting to combat inflation. South America is emerging as one of the few regions where cryptocurrency’s value proposition is obvious. Here, it’s less about chasing quick gains than preserving what’s already earned. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways The Bitcoin News today opened with El Salvador’s Legislative Assembly passing the Investment Banking Law, creating new rules for BTC. Stablecoins such as USDT are now in circulation everywhere from coffee stands to universities in Bolivia. The post Bitcoin News Today: Is Latin America Crypto’s Sleeping Giant? BTC is King in El Salvador and Bolivia appeared first on 99Bitcoins.

Overview: There were three highlights for today and two, the rate cut by the Reserve Bank of Australia and the UK's labor market update are behind us. The Reserve Bank of Australia delivered a dovish cut after last month's hawkish hold. It signaled scope for two more rate cuts. The UK's labor market appeared to stabilize, and this has seen the odds of another cut before the end of the pared. The third highlight is the US July CPI. We had anticipated a firmer today for the dollar ahead of the report and this has transpired. Even though headline and core CPI are likely to have edged up, we do not think that stands in the way of a cut next month. The full employment side of the Fed's mandate is seen at risk and a consensus appears to have formed to remove more of the restrictiveness of the current monetary setting. Ahead report, the dollar is trading quietly but with a mostly firmer bias. Japanese markets re-opened after yesterday's holiday and stocks rallied, with the Nikkei gaining a little more than 2%. Most of the large bourses in the region rose with the exception of South Korea, India, and Singapore. Europe's Stoxx 600 is recouping yesterday's minor loss. US index futures are slightly firmer. Major bond markets are mixed. The 10-year JGB yield edged up to almost 1.49%. Benchmark 10-year yields are mostly narrowly mixed in Europe, leaving the 3.5 bp increase in the UK 10-year Gilt the outlier. The 10-year US Treasury yield, which has risen for the past five sessions, is around a basis point softer, near 4.28%. Gold, which was tagged for 1.6% yesterday, the most in nearly three months, has stabilized today, but is stuck near yesterday's trough (~$3341.50). After falling 5.1% last week, September WTI posted its first gain of the month yesterday, rising a few cents. It is up a few more cents today but remains in the pre-weekend range (~$62.75-$64.60). USD: The Dollar Index rallied from almost 98.00 yesterday, in the Asia Pacific session to around 98.65 in the North American morning before the European session ended. It is flat so far today in a roughly 98.45-98.55 range. We had anticipated a firm dollar ahead of today's CPI reading, but we expected it to have been boosted by firmer US rates. US rates were soft yesterday, while the dollar advanced, and remain so now. The headline and core July CPI likely rose for the third consecutive month. A 0.2% rise in the headline rate would lift the year-over-year pace to 2.8% from 2.7%. and would be the highest since February. A 0.3% rise in the core rate, the largest since January, would lift the year-over-year pace to 3.0% from 2.9%, and be the highest in five months. So far firms have had trouble raising prices as household debt stress levels are elevated and real disposable income growth has been weak. Goods prices may firm a little while soft demand limits service price increases. The softer rent and owners' equivalent may be ending. Used car prices may have also risen. Varying by industry, a combination of narrow profit margins by US producers, firmer US goods prices are expected to absorb the bulk of the tariffs, and the risk may increase in the coming months. Two regional Fed presidents (Barkin from Richmond and Schmid from Kansas City) speak shortly after the CPI. Nevertheless, the market is convinced that the easing cycle will continue next month (~88%) and futures market is discounting two cuts fully this year still, and about a 1/3 chance of a third. EURO: After stalling last week in front of $1.17, the euro was sold to a three-day low yesterday near $1.1590 yesterday. It is holding above $1.1605 today and has been capped near $1.1630. The (38.2%) retracement of the rally since August 1 low is near $1.1580. The (50%) retracement is around $1.1545. There are two sets of chunky options that expire today: 1.11 bln euros at $1.1650 and about 815 mln euros at $1.1575. Germany's ZEW survey showed deterioration. The assessment of current conditions slumped to -68.6 in August from -59.5 in July. It is the second-best reading since July 2023. The expectations component fell to 34.7 from 52.7 in July. It is a three-month low. The economy is still struggling. The 0.1% contraction estimated for Q2 risks being revised lower, and the median forecast in Bloomberg's survey calls for a flat Q3. CNY: The dollar is firm against the offshore yuan. The move above CNH7.1950, the upper end of last week's range, targets CNH7.2000-CNH7.2060. That said, the August 1 high matched the June 2 high near CNH7.2240. The PBOC set the dollar's reference rate higher for the third consecutive session (CNY7.1418 vs. CNY7.1405 yesterday). Many argue that the yuan is undervalued and this boosts its exports. Yet, look at Japan. By many measures, it is more undervalued than the yuan, yet it runs a trade deficit. The trade deficit in H1 25 was about JPY2.3 trillion (~$15.6 bln). Many of Chinese exports may not be particularly sensitive to short-term moves in foreign exchange, like rare earths, magnets, batteries, and EVs, ventilators, and for solar panels, polysilicon, ingot, and wafers. Meanwhile, there is an agreement to extend the tariff truce between the China and the US for another 90 days (to Nov 10). Separately, but tellingly about the grow asymmetries, Chinese officials are dissuading the use of Nvidia's H20 processes, particularly for government-related entities. We suspect China's weaponization of critical earths, after the US weaponized the semiconductor supply chain was what has tempered the efforts to contain China. JPY: The dollar rose to its best level against the yen yesterday near to its best level since the August 12 downside reversal. It reached JPY148.10. And today, surpassed the (38.2%) retracement from the August 1 high (~JPY150.90) near JPY148.25. The (50%) retracement is near JPY148.75. Japan returned from the long holiday weekend. The highlight of the week is Friday's first estimate of Q2 GDP. After contracting by 0.2% at an annualized rate in Q1, it is projected to have grown by 0.4% (annualized rate) in Q2. The BOJ is not in a hurry to hike rates again. The swaps market has almost 15 bp of tightening at the end of the year. It briefly traded around 20 bp in late July. GBP: After visiting its highest level since July 25 (~$1.3575) yesterday, sterling reversed and fell through the pre-weekend low (~$1.3420). It settled barely inside last Friday's range to avoid a technically bearish key reversal. It has rallied 3 1/3 cents from the August 1 low (~$1.3140), but the move does not appear over. The five- and 20-day moving averages converged yesterday slightly below $1.34 and the shorter-dated moving average crossed above the 20-day moving average for the first time in a month. The next target is near $1.3540. The UK labor market appeared to stabilize, and this reinforces the sense that the cut earlier this month exhausted the scope for near-term easing. The swaps market has a little less than 50% chance of a cut in November and a 70% chance of a cut before the end of the year. Last Wednesday, before the BOE meeting, it was fully discounted. Now, the next cut is not fully discounted until the middle of Q1 26. Average weekly earnings moderated to 4.6% in June from 5.0% in May. It matches the lowest since August 2024. The BOE's preferred measure of earnings growth (private sector earnings excluding bonuses) slowed to 4.8% from 4.9%. The unemployment rate was steady at 4.7% in the three months through June, following three consecutive increases. It stood at 4.2% in June 2024 and 4.4% as recently as February. The number of people on company payrolls fell by 8k in July. It was the least in six consecutive months that it has declined. Jobless claims in July fell by 6.2k and June's 25.9k increase was revised to a 15.5k decline. CAD: Amid the US dollar's firmer tone yesterday, the Canadian dollar was among the strongest G10 currencies, falling by about 0.15%. Still, the greenback rose to a four-day high slightly shy of CAD1.3800. It is holding slightly below there today, but the looks poised to take it out, at least on an intraday basis. Recall that the high from August 5 was about CAD1.3810. This area corresponds to the (38.2%) retracement of the US dollar's sell-off since the August 1 high (~CAD1.3880). The market is not typically sensitive to Canada's build permits time series, which will be reported today. After surging 12% in May, it is expected to have pulled back by 4% in June. Following last week's disappointing employment data boosted the market’s confidence of another rate cut before the end of the year from around 80% on August 4 to 100% before the weekend before consolidating yesterday around 90%. AUD: As it did before the weekend, the Australian dollar was confined to last Thursday's range yesterday, which was roughly $0.6490-$0.6540. It is threatening to break lower today and a push below $0.6480 targets $0.6465. The Reserve Bank of Australia's rate cut was fully anticipated in the futures market. Unlike last month, the RBA did not disappoint. The futures market has the next cut fully discounted for the next meeting in November, and before the end of the year and around a 62% chance of another. Today's cut brings the cash target rate to 3.60%. The market expects it to be near 3.0% in the middle of next year, which is seen as the terminal rate. Governor Bullock said that the central bank's forecasts assume a couple more rate cuts. It downgraded its productivity growth assumption to 0.7% from 1%The Reserve Bank of New Zealand meets next week (August 20) and the market has almost a 90% chance of a cut in the 3.25% cash target rate. The terminal rate is seen near 2.75% next year. MXN: Mexico reported a 0.1% decline in June industrial output. The median forecast in Bloomberg's survey was for a 0.3% rise. The drag was not from manufacturing, where output rose by 0.3%, but from mining (-1.4% June after a -1.1% drop in May), utility output (-0.2% vs. +0.4%) and construction (-0.2% after +3.2% in May). The disappointing report weighed on the peso in a mostly firmer US dollar environment. The dollar rose to almost MXN18.6950 after recording a low before the weekend near MXN18.5250. A move above the nearby cap around MXN18.70 could spur greenback gains toward MXN18.75-MXN18.80. Mexico's economic calendar is light for the remainder of the week. Brazil reports last month's IPCA measure of inflation today. It is seen little changed around 5.3% where it has been for the previous two months. The central bank's tightening cycle appears to have ended with the Selic rate at 15.00%. It meets next on September 17, the same day as the Federal Reserve meeting concludes and the Bank of Canada meets. Disclaimer

Gert van Lagen says the macro structure of XRP has finally done the one thing it needed to do: break the neckline of a seven-year base and hold it. “XRP [2W] – Ripple is ready to rip. The 7-year double bottom has broken out at The neckline was successfully retested at ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom. → Compare with 2014–2017 setup,” the analyst wrote. His chart is drawn on a logarithmic scale with two-week candles, framing the move as a multi-cycle reversal rather than a short-term pop. Could XRP Really Hit $34? The geometry is clear on the chart. A broad W-shaped base stretching from the 2018–2024 bear market carved twin lows in the sub-$0.20–$0.30 region, then returned to a horizontal neckline that sits just above the $2 handle. Van Lagen marks an initial breakout attempt with a red cross just over that barrier, followed by a decisive surge and a pullback that tags support around the $2 area, annotated with a blue dot. On a log chart, that textbook breakout-retest sequence is the confirmation step technicians typically look for before projecting targets. Price at the time of the snapshot is labeled $3.19 on the right axis, meaning XRP is trading above the neckline but still below the 2018 all-time high at $3.40. That placement matters because the prior macro cap now acts as support; staying north of roughly $2.00 keeps the double-bottom thesis intact. The measured arrow drawn from the neckline replicates the height of the base on a multiplicative (log) basis, which is why the upside extension leaps into the mid-double digits rather than adding only a few dollars. Van Lagen’s first objective is derived explicitly from Fibonacci proportions. He sets the 2.00 extension of the double-bottom as the initial target, landing “near ~$34.” On his scale the projected path peaks above the $27 and $20 grid lines and briefly tags the mid-$30s before mean-reverting, consistent with how log-scale extensions translate when a long consolidation unwinds quickly. The left side of the graphic provides the historical rhyme he wants readers to notice. Between 2014 and 2017, XRP built a smaller double-bottom within a shaded accumulation zone, broke its neckline, retested it, and then accelerated vertically. Van Lagen marks that sequence with the same red cross at breakout and blue dot at the retest, plus a vertical measuring arrow to illustrate how the earlier base resolved. The current pattern, shaded across 2018–2025, repeats that choreography at a far larger scale. His sketch includes a time-and-price roadmap using twelve forward candles—two-week bars—implying a five- to six-month arc for the entire move if it were to echo the prior cycle. The first projected bar vaults XRP above $11. After three candles, the blue path tops out above $36, roughly six weeks into the run. The fourth candle traces a deep retracement back toward the $11 region, followed by a sharp recovery above $30 on the fifth. The next three candles stabilize around the $30 area before the path draws another slide to ~$11 and the onset of a cooling phase. The sequence is illustrative rather than prescriptive, but it visually anchors the extension math to possible market behavior. Whether XRP can follow the steep path sketched in blue is a separate question from whether the double-bottom has technically activated. Van Lagen’s chart answers the second with a yes: the breakout and retest sequence is complete. The first answer—delivery toward the ~$34 Fib extension—will be determined by how the next several two-week candles will look like. At press time, XRP traded at $3.14.

Ethereum developer Federico Carrone, known as “Fede’s Intern” on X, has been released after a 24-hour detention in Turkey over alleged links to an ETH ▲0.45% privacy protocol. “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I got released,” – Federico Carrone, X post Carrone said Turkey’s Minister of Internal Affairs accused him of “helping others misuse Ethereum,” which was allegedly linked to a January 2022 research paper examining Ethereum privacy and Tornado Cash mixers. “We never helped anyone engage in illegal activity; it was purely research on mixers and their properties,” Carrone told reporters. (Source) Who is Ethereum Developer Federico Carrone? Allegations and International Intervention Carrone, a ZK and Ethereum infrastructure developer, said he was being held in Izmir and warned of possible charges, despite insisting that his companies operate transparently and in partnership with European governments. It took contacts in over 10 countries, industry peers, and Catholic Church representatives lobbying Turkish authorities to free him. “They wanted to take my phone since they considered it a security risk but thanks to some friends calls they didn’t,” Carrone said. Bankless co-founder Ryan Sean Adams called the episode “very troubling,” pointing to potential fallout for Istanbul’s DevCon 2026 ambitions. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Carrone’s arrest adds to a growing wave of prosecutions targeting developers of open-source privacy tools. Tornado Cash co-founders Alexey Pertsev and Roman Storm have faced similar charges. Storm’s upcoming verdict in New York is a potential precedent for criminalizing privacy tech in decentralized finance. On Tuesday, Carrone pledged $500,000 in ETH to Storm’s legal defense. In crypto terms, that’s doubling down on the jailbreak of innocent devs. DISCOVER: 20+ Next Crypto to Explode in 2025 Federico Carrone Willing to Return to Turkey to Clear His Name Carrone is now in Europe, but says his legal team is in Turkey working on the case. “We still don’t have the full picture of what happened or why it happened, but we will bring in the best team we can and resolve this,” said Carrone. “If needed, once things are sorted out, I will come back to clear my name and defend myself.” The situation underscores a growing legal gray zone for crypto developers operating on privacy-focused infrastructure—an area increasingly under government scrutiny worldwide. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways Ethereum developer Federico Carrone, known as “Fede’s Intern” on X, has been released after a 24-hour detention in Turkey. Carrone’s arrest adds to a growing wave of prosecutions targeting developers of open-source privacy tools. The post Who is Ethereum Developer Federico Carrone? Core Dev Freed After Kidnap in Turkey appeared first on 99Bitcoins.

The Australian dollar is lower on Tuesday. In the European session, AUD/USD is trading at 0.6494, down 0.29% on the day. RBA cuts rates to 3.60% The Reserve Bank of Australia lowered the cash rate by a quarter-point on Tuesday in a unanimous decision, bringing the cash rate to 3.60%. This is the lowest level since April 2023 and today's cut was the third this year. This time around the RBA didn't shock the markets, unlike the July meeting when the RBA held rates and said it needed to see additional inflation data before lowering rates. The rate statement began by noting that inflation has "fallen substantially" since 2022 and that inflation had fallen back within the target band of 2%-3% in the second quarter. The Board noted that headline inflation was at 2.1% and trimmed mean (a key core CPI gauge) was at 2.7%. The Board said that underlying inflation is expected to continue to ease to the midpoint of the target band and the cash rate should continue to follow a "gradual easing path". This dovish tune in the statement was balanced out by concerns that uncertainty remains in both the global economy and at home. The Board said it would remain cautious and would remain focused on price stabililty and employment. At a post-meeting press conference, Governor Bullock said that the growth and inflation forecasts support further rate cuts but "there is still a lot of uncertainty" and future rate decisions would be data-dependent. US inflation expected to rise to 2.8% The US releases the July inflation report later today. Inflation is expected to nudge higher to 2.8% y/y, up from 2.7% y/y in June. This would mark a third straight acceleration and would be the highest inflation level since February. Monthly, CPI is projected to ease to 0.2% from 0.3%. Core CPI is also expected to accelerate to 3.0%, up from 2.9%. Monthly, core CPI is projected to rise to 0.3% from 0.2%. Today's inflation data could shift market expectations for the September Fed meeting but the decision will very likely be rate cut, with a current likelihood of 84%, according to FedWatch's CME. AUD/USD Technical AUD/USD is testing support at 0.6500. Below, there is support at 0.64830.6500 and 0.6527 are the next resistance lines AUDUSD 4-Hour Chart, Aug. 12, 2025 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.

Майкл Сэйлор, известный сторонник Биткоина и сооснователь компании Strategy, снова использовал поп-культурный образ, чтобы продвинуть идею BTC в соцсетях. Он опубликовал сгенерированное ИИ изображение, на котором он предстает в роли Индианы Джонса внутри храма, напоминающего южноамериканский. Подпись к картинке гласила: “Я искал золото… и нашел кое-что лучше”. Коротко и по делу, пост повторяет давнюю мысль: Биткоин лучше золота. Сэйлор в стиле поп-культуры Судя по публикациям Сэйлора, это не разовая акция. Недавно он поделился еще одним ИИ-изображением, на котором предстал в образе Тайлера Дердена из фильма “Бойцовский клуб”. Визуалы простые, однако цепляющие, и они поддерживают Сэйлора в заголовках СМИ. По сообщениям, за этим креативом стоит и крупный корпоративный шаг, что объясняет, почему посты в соцсетях – больше, чем просто мемы. Согласно отчетам, 29 июля Strategy объявила о покупке 21 021 BTC примерно за $2,46 млрд. Эта сделка увеличила общий объем владения фирмы до 628 791 BTC. На момент объявления эти активы оценивались более чем в $70 млрд. Конкретные цифры такие: количество BTC фиксировано в реестре, а долларовая стоимость меняется в зависимости от рынка. Почему картинки имеют значение Эти изображения выполняют вполне понятную задачу. Они демонстрируют уверенность для инвесторов и подписчиков, а также направляют обсуждение в русло основной идеи Сэйлора: Биткоин превосходит золото как средство сохранения стоимости. Короткие сообщения быстро охватывают широкую аудиторию, а более развернутые публикации с фоном поддерживают интерес к истории. В отчетах поднимается еще один момент: использование ИИ-арта с заимствованием образов известных персонажей может затрагивать вопросы авторских прав и прав на изображение. Похоже, что эти посты не имеют официального отношения к киностудиям или правообладателям. Это может стать поводом для обсуждений, но не для немедленных действий. Кроме того, долларовая оценка, привязанная к Биткоину, будет колебаться вместе с рынком, поэтому указание количества BTC с датой дает читателям более точное представление. Согласно поданным документам и публичным сообщениям, факты просты: 29 июля Strategy приобрела 21 021 BTC и теперь владеет 628 791 биткоином. Изображение в стиле Индианы Джонса – это одновременно комментарий и маркетинговый ход. Оно привлекает внимание и напоминает, что современная корпоративная коммуникация сочетает финансы и шоу, но при этом базовые цифры – сколько BTC и когда были куплены – по-прежнему имеют первостепенное значение. TOKEN6900 объединяет истинный абсурд, любовь к криптовалютам и развлечения Тренды крипторынка, особенно в сегменте мем-монет, стремительно меняются: мемкоины уже завлекают инвесторов не ИИ-интеграциями и обещаниями реальной супер-полезности, а легкостью, долей абсурда и получением прибыли без особых усилий. В таком направлении движется проект TOKEN6900 – новая предпродажа июля с огромным потенциалом. За первые 4 дня предпродажи проект привлек более $150 000, а сейчас сборы составляют почти $2 млн! При стоимости одной монеты всего в $0.006925 это довольно впечатляющий результат. TOKEN6900 позиционирует себя как “паразит сознания” и “эталон brain rot finance”, честно заявляя: “мы отслеживаем не ВВП, нефть или прибыль, а высокую ликвидность”. И именно такая искренность привлекает массовую аудиторию! Аналитики прогнозируют десятикратный рост токену после его выхода на бирже – отличный способ заработать на ранних вложениях без сложных действий. Переходите на официальный сайт проекта и убедитесь в этом сами.

Asia Market Wrap - RBA Cuts Rates, Nikkei Hits Fresh All-Time Highs Most Read: Markets Weekly Outlook - US Inflation, EU/UK GDP and RBA Meeting to Shape Market Moves Asian stocks rose 0.6%, though gains were trimmed after China advised local companies not to use Nvidia's H20 processors. Earlier, Trump said he might allow Nvidia to sell a less advanced version of its AI chip to China. Tech stocks in Asia climbed on Tuesday, boosted by chipmakers like Advantest, as Micron's positive outlook and easing tensions at Intel improved market sentiment. Japan's Nikkei-225 stood out, jumping 2.4% to a record high, driven by Softbank's surge. Meanwhile, the yen weakened for the third day in a row. For more on the Nikkei, read Nikkei 225 Update: Bullish impulsive sequence intact, new resistance levels to watch after new all-time high Trump's decision on chip exports helped calm market fears about stricter tech sanctions and possible supply chain issues. China asked local companies, especially in government projects, to stop using Nvidia's H20 processors. This makes it harder for Nvidia to recover billions in lost revenue from China and complicates the US government's efforts to benefit financially from these sales. Australia's central bank lowered interest rates for the third time this year on Tuesday, hinting that more cuts might be needed to boost inflation and employment as the economy slows down. After a two-day meeting, the Reserve Bank of Australia reduced the main cash rate by 0.25% to 3.6%. They expect core inflation to settle near the middle of their 2%-3% target, assuming gradual policy adjustments. US-China Tariff Deadline Extended by 90 Days The US and China have agreed to extend their tariff truce for 90 days, avoiding steep triple-digit tariffs on each other's goods. This comes as US retailers prepare for the busy holiday season. On Monday, President Trump announced on Truth Social that he signed an order delaying higher tariffs until November 10. China’s Commerce Ministry also paused its planned extra tariffs for 90 days. The agreement prevents US tariffs on Chinese goods from rising to 145% and Chinese tariffs on U.S. goods from hitting 125%, which could have nearly stopped trade between the two countries. For now, US tariffs on Chinese imports stay at 30%, while China’s tariffs on US goods remain at 10%. Source: LSEG The move has boosted sentiment but it is important to note that the risk still remains in play until an actual deal is reached. European Open - European Shares Advance European stocks rose on Tuesday, helped by the extension of the U.S.-China tariff truce. Investors are also waiting for US inflation data to see how tariffs might affect prices and future interest rate decisions. The STOXX 600 index, which tracks European shares, was up 0.4%, with most markets in positive territory. Among individual stocks, UBS dropped 0.9% after an investor sold shares in the Swiss wealth manager. Sartorius gained 3.6% after Jefferies upgraded its rating to "Buy." Vestas Wind Systems rose 3.5% after getting new US orders for unnamed projects. Spirax Group was the biggest winner, jumping 16% after its first-half results exceeded expectations. On the FX front, the dollar rose 0.1% to 148.31 yen, while the euro stayed unchanged at 1.1613. The British pound held steady at 1.3434, despite data showing a weaker jobs market in the UK. The Australian dollar dropped 0.18% to 0.6502, and China's offshore yuan remained flat at 7.195 per dollar. Currency Power Balance Source: OANDA Labs Gold prices edged up slightly on Tuesday, recovering from a sharp drop the day before, as investors waited for US inflation data to get clues about the Federal Reserve's plans for rate cuts. Spot gold rose 0.1% to $3,348.41 per ounce, while US gold futures for December fell 0.2% to $3,397.10. On Monday, gold prices fell 1.6%, and futures dropped over 2% after President Trump announced that tariffs would not be placed on imported gold bars, calming market concerns. Oil prices went up on Tuesday after the US and China extended a pause on higher tariffs. This eased worries that their trade war could hurt their economies and reduce fuel demand in the world's top two oil-consuming countries. Brent crude rose 14 cents (0.2%) to $66.77 a barrel, while US West Texas Intermediate crude increased by 8 cents (0.1%) to $64.04. For a breakdown on Oil, read WTI Crude Forecast: Risk premium fades, supply pressures mount, bearish trend ahead Economic Data Releases and Final Thoughts Looking at the economic calendar, ZEW economic sentiment data will be released in a short while before all focus turns to US CPI data later in the day. Today's core CPI (Consumer Price Index) is expected to rise by 0.4% compared to last month, which is higher than the 0.3% most people are predicting. If this happens, yearly core inflation would increase from 2.9% to 3.1%, and overall inflation would go from 2.7% to 2.9%. Even though some investors are adjusting their positions before the data is released, a higher-than-expected inflation number could still boost the US dollar. This is because markets might lower their expectations for a Federal Reserve interest rate cut in September to less than 0.2%. However, the job market data is more important than inflation right now in my opinion. Many think that price increases caused by tariffs are temporary, and last month’s big revisions to payroll data add to this view. So, even if inflation rises by 0.4%, it could still align with a September rate cut if the job market continues to weaken. Because of this, I don’t think higher inflation will lead to a lasting rise in the US dollar. Any boost is likely to be short-lived. Also on today’s schedule: the NFIB Small Business Optimism Index and July’s Federal budget report. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE Index From a technical standpoint, the FTSE 100 broke above the 100-day MA as discussed yesterday. The index now has all-time highs in sight but a break above this level has proven a challenge over the past few weeks. Since the back end of July, looking at the chart below we have attempted a break above the 9200 handle and have failed to do so around 4 times. In an ideal scenario, the 100-day MA support needs to hold if the FTSE is to have any chance of breaking above the 9200 level. FTSE Daily Chart, August 12. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

This is a follow-up analysis and update of our prior report, Nikkei 225 Technical: Start of new bullish impulsive up move as Japan’s wages tick higher, published on 6 August 2025. The Japan 225 CFD Index (a proxy of the Nikkei 225 futures) has staged the expected bullish move and rallied by 5.5% since our last publication on 6 August, cleared above its prior all-time high of 42,513 printed in July last year, and hit a fresh record high of 43,009 in today’s Asia session led by banking stocks. Fig. 1: Japan 225 CFD Index minor trend as of 12 Aug 2025 (Source: TradingView) Fig. 2: JGB yield curves (30-YR/2-YR & 10-YR/2-YR) major trends as of 12 Aug 2025 (Source: TradingView, click to enlarge chart) Preferred trend bias (1-3 days) Maintain a bullish bias above a tightened short-term pivotal support at 41,975 for the Japan 225 CFD Index, and a clearance above 43,230 sees the next intermediate resistances coming at 43,560 and 44,050/44,110 (Fibonacci extension cluster levels) (see Fig. 1). Key elements Based on the Elliot Wave Principle, the current short-term bullish impulsive up move sequence from its 1 August 2025 low of 39,749 is advocating a potential wave 3 extension to the upside for the Japan 225 CFD Index.The hourly RSI momentum indicator of the Japan 225 CFD Index is still exhibiting a short-term bullish momentum condition as it stays above a parallel ascending trendline support at the 47 level.The major bullish breakout (steepening conditions) of the JGB yield curves since June 2022 has a direct correlation with the movements of the Nikkei 225, and the major uptrend phases of the JGB yield curves remain intact so far, in turn, may trigger a positive feedback loop into the Nikkei 225 (see Fig.2).Alternative trend bias (1 to 3 days) Failure to hold at the 41,975 key short-term support negates the bullish tone to kickstart a minor corrective decline to expose the next intermediate supports at 41,610 and 41,275. 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.

Blue Origin will now sell New Shepard spaceflight seats in Bitcoin, Ethereum, Solana and selected dollar-pegged stablecoins through a new checkout integration with Shift4 (NYSE: FOUR), the payments company said in a Business Wire announcement. The integration is live and applies to upcoming commercial flights, adding crypto rails alongside traditional methods for one of the world’s best-known suborbital tourism offerings. Jeff Bezos Opens Blue Origin To Bitcoin, ETH, SOL Payments According to the joint release, customers “starting today” can pay for Blue Origin’s suborbital flights in BTC, ETH, SOL, USDT and USDC. Shift4 says the flow also supports direct connections to widely used self-custody and exchange wallets — “popular wallets like Coinbase and MetaMask” — enabling instant authorization and settlement on chain before conversion to US dollars on the merchant side. Shift4 framed the move as part of a broader push to reduce friction in high-value commerce. “Our mission has always been to revolutionize commerce by simplifying the transaction process,” CEO Taylor Lauber said, adding that the company is “thrilled to now extend that vision beyond Earth” and to offer a “simple, frictionless experience” for Blue Origin customers opting to pay in digital assets. The company emphasized three merchant benefits that have driven Bitcoin and crypto acceptance in other luxury verticals: tapping a growing base of crypto holders, enabling immediate international transactions, and achieving faster settlement in U.S. dollars at any time of day, seven days a week. Inside Shift4, the initiative is being led by the firm’s dedicated crypto unit. “Crypto is now a $4 trillion asset class,” said Alex Wilson, Shift4’s Head of Crypto, arguing that digital assets will become “an increasingly popular way for consumers to pay, particularly for high-end purchases,” where both buyer and seller can save on fees and delays relative to more complex cross-border card payments. Blue Origin’s offering remains unchanged in terms of flight profile and vehicle: New Shepard is a reusable suborbital rocket-and-capsule system that carries passengers past the Kármán Line — roughly 100 kilometers above sea level — before returning to West Texas for capsule touchdown under parachutes. The company notes that “more than 75 humans” have already flown aboard New Shepard and highlights the vehicle’s panoramic crew-capsule windows, among the largest yet flown, for views of Earth during several minutes of microgravity. The companies did not disclose seat pricing or specific processing fees for Bitcoin and crypto transactions in today’s materials. It is also unclear if Jeff Bezos’s Blue Origin converts the Bitcoin and crypto payments into US dollars. What is clear is the operational stance: Shift4 says crypto and stablecoin payments are available “immediately” for Blue Origin bookings, and directs prospective passengers to the program’s information page, which invites would-be travelers to become “one of the first 1000 people to fly to space.” Notably, Blue Origin has already flown one high-profile industry figure: TRON founder Justin Sun. He rode on August 3, 2025, as part of mission NS-34 alongside five other passengers, after first winning Blue Origin’s inaugural seat auction in 2021—a $28 million bid whose proceeds were distributed to 19 space-focused nonprofits through the company’s Club for the Future. At press time, Bitcoin traded at $118,491.

On August 11, U.S. spot Ethereum ETFs saw a huge surge in demand, with total net inflows hitting $1.019 billion. BlackRock’s ETHA led the charge, pulling in $640 million on its own. Spot Bitcoin ETFs also posted strong numbers, with $178 million in net inflows, of which BlackRock’s IBIT accounted for $138 million. Despite the ETF strength, the broader crypto market eased back yesterday as Bitcoin’s price retraced to around $118K, leaving several sectors in the red. Investors are now asking what’s the best altcoin to buy in this environment. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Best Altcoin To Buy? PUMP Is Finally Reversing After Weeks Of Downside (PUMPUSDT) One surprising candidate making headlines is PUMP. Yes, it’s finally living up to its name. After weeks of underperformance, the token is staging a comeback. While the price remains below its presale level, it’s up more than 60% from its all-time low of $0.0022, now trading around $0.0036. The move has caught traders’ attention, especially as fundamentals are improving. The platform has hit a $500 million annual revenue run rate this week, with 100% of that revenue being used to buy back PUMP from the market. That aggressive buyback strategy, combined with the current $3.5 billion fully diluted valuation, is adding fuel to the recovery narrative. With Ethereum ETF inflows signaling renewed institutional appetite for crypto, and Bitcoin ETFs also attracting steady capital, some traders see room for high-beta plays like PUMP to outperform if the market turns back up. 7 minutes ago Ripple Triumphs: SEC Ends Lawsuit, Turns to Building Clear Crypto Framework By Fatima The U.S. SEC has officially closed its lawsuit against Ripple, which accused the company of raising $1.3 billion via unregistered XRP sales. Commissioners Hester Peirce and Paul Atkins stated the agency will now focus on creating a clear crypto regulatory framework to encourage innovation while ensuring investor protection. Atkins posted on X, endorsing Peirce’s view, saying the conclusion of this case allows the SEC to redirect its efforts from litigation to policy-making. The shift marks a potential turning point in the agency’s approach to crypto regulation, signaling a move toward clearer rules for the digital asset industry. The post [LIVE] Latest Crypto News, August 12 – ETH ETFs Record $1 Billion Inflow: Best Altcoin To Buy? appeared first on 99Bitcoins.

Bitcoin and Ethereum prices began to rally over the weekend, and interestingly, ETH was able to beat the $4,000 level for the first time in eight months. Bitcoin also recovered from its crash below $113,000 the previous week, taking the rest of the crypto market with it. Naturally, the reversal to bullish sentiment has brought investors out of the woodwork, with predictions now circling for where both Bitcoin and Ethereum prices are headed. Bitcoin To $150,000 And Ethereum To $8,000 Ex-Wall Street trader Vivek Raman has shared a prediction that has reignited hope once again in crypto investors. This comes after a notable weekend rally and the possibility of Bitcoin and Ethereum reaching brand-new all-time highs soon. Despite this already impressive rally, Raman does not believe that the move is over, sharing a near-term prediction for both cryptocurrencies. In the post, the pundit uses the ETHBTC chart, which has been on fire lately, to predict where both digital assets are headed next. Raman was responding to another crypto analyst, Pentoshi, who believes the ETHBTC chart was headed to 0.055 after moving above 0.036. Breaking this down, Raman explains that reaching this level would mean that the Ethereum price would be at $8,250 per coin, pushing it to a $1 trillion market cap. Amid this, he believes that the Bitcoin price could hit as high as $150,000 in the near term, making the likelihood of ETH touching $8,000 higher. The push for Ethereum to hit $8,000 comes amid ETH treasury companies gaining ground recently. Raman suggests that investors could rotate from Bitcoin treasury companies into ETH, triggering a Wall Street run on Ethereum. Looking at the longer timeframe, Raman forecasts that the Bitcoin price could hit as high as $250,000. At the same time, the Ethereum price is expected to hit $25,000, which would put the ETH market cap at a whopping $3 trillion market cap while Bitcoin moves in on a $10 trillion market cap. BTC And ETH Getting Big Predictions Raman is not the only crypto pundit who has shared major predictions for the Bitcoin and Ethereum prices recently. According to a report from Bitcoinist, another analyst Fapital has shared where they expect both Bitcoin and Ethereum to be by 2032. Fapital puts the Bitcoin price as high as $889,969, with Ethereum as high as $28,000 during this time. While both predictions span between shorter and longer timeframes, there is a similarity in the exception that the Ethereum price will eventually cross the $20,000 target.

Social Network Zora has seen its native token, ZORA, record a massive rally following a spike in user activity and recent key integrations, leading some investors to suggest that momentum will continue. ZORA Hits New Highs On Monday, the native token of the decentralized social network Zora jumped nearly 50% to hit a new all-time high (ATH) of $0.145. The platform allows users to make social media posts into tradable tokens by automatically minting them, with over 2.06 million tokens created since its launch, according to Dune data. In April, the team launched its native ZORA token, airdropping 10% of the supply to early users. The launch received a negative response due to concerns of an unfair allocation and potential centralization. As the price nosedived within hours, some users considered the airdrop was “the biggest disaster with Scroll and Zksync” and the “biggest SCAM in 2025 so far.” Despite the initial backlash, the token has seen a remarkable performance since July, surging 1,573% in the monthly timeframe to hit a market capitalization of $438.9 million. Notably, its ongoing rally has been driven by numerous factors, including crucial integrations and large holders increasing their balances. Since mid-July, users can mint their tokens using the Zora platform without leaving the Base App, making it more accessible and convenient for investors. Following the integration, Base overtook Solana in terms of tokens launched. Moreover, Binance announced the launch of the ZORA/USDT perpetual futures trading pair with up to 50x leverage on July 25, a week after the Base App integration. The news fueled the token’s rally to its previous high of $0.09 on July 27. New Leading Launchpad? As noted by Base’s lead developer, Jesse Pollak, Zora led in tokens created by launchpads on Base and Solana last month, accounting for more token launches than leading Solana platforms Pump.fun and LetsBonk. The massive momentum was momentarily halted by the start-of-August pullback, which saw ZORA drop 50% from the July highs. Nonetheless, the token and the platform have seen a significant recovery over the past week, with its price rallying 128% and token creation activity surging nearly 27% since August 4. On August 10, the platform saw the largest token issuance since July 31, according to Dune data, with 47,743 tokens from 21,052 unique creators, seemingly driving ZORA’s Monday price breakout. ‘Onchain Culture’ Gets Momentum A week before ZORA’s launch, Coinbase’s Layer-2 (L2) Network, Base, faced backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%. As reported by NewsBTC, Base’s official X account posted an image with the text “Base is for everyone” and a link to Zora with the caption “Coined it,” sparking a speculative frenzy among the crypto community. Base explained that they had posted on Zora because they believe everyone should bring content on-chain and use the tools that make it possible. “Memes. Moments. Culture. If we want the future to be onchain, we have to be willing to experiment in public. (…) We’re going to keep bringing culture onchain,” the Base team argued. Following Zora’s recent rally, market watcher Ansem highlighted that “Zora is currently the newest thing with the most momentum,” suggesting that “innovation will happen on base/abstract/megaeth/lighter & others,” instead of on the Ethereum mainnet.

BNB price is correcting gains from the $825 zone. The price is now facing hurdles near $815 and might aim for a fresh surge in the near term. BNB price is correcting gains and traded below the $815 support zone. The price is now trading above $800 and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $804 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $792 level to start another increase in the near term. BNB Price Holds Support After a steady increase, BNB price failed to clear the $830 zone. There was a downside correction below the $820 and $815 levels, like Ethereum and Bitcoin. The price even dipped below $800 and tested $792. A low was formed at $792 and the price is now attempting a fresh increase. There was a move above the 50% Fib retracement level of the downward move from the $827 swing high to the $792 low. The price is now trading above $810 and the 100-hourly simple moving average. There is also a key contracting triangle forming with support at $804 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $815 level or the 61.8% Fib retracement level of the downward move from the $827 swing high to the $792 low. The next resistance sits near the $820 level. A clear move above the $820 zone could send the price higher. In the stated case, BNB price could test $832. A close above the $832 resistance might set the pace for a larger move toward the $840 resistance. Any more gains might call for a test of the $850 level in the near term. Another Decline? If BNB fails to clear the $815 resistance, it could start another decline. Initial support on the downside is near the $804 level. The next major support is near the $800 level. The main support sits at $792. If there is a downside break below the $792 support, the price could drop toward the $780 support. Any more losses could initiate a larger decline toward the $768 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $804 and $792. Major Resistance Levels – $815 and $820.

Bitcoin has seen a retrace back below the $120,000 level as data shows the Coinbase Premium Gap has dropped into the negative zone. Bitcoin Coinbase Premium Gap Has Plummeted Into The Red Region In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). The former cryptocurrency exchange is popularly used by American investors, especially the large institutional entities, while the latter is the destination of the global investors. As such, the Coinbase Premium Gap tells us about how the buying or selling behaviors differ between US-based and foreign whales. When the metric has a positive value, it means the cryptocurrency is going for a higher price on Coinbase than Binance. Such a trend suggests the users of the former are applying a higher buying pressure or lower selling pressure as compared to the traders of the latter. On the other hand, the indicator registering a negative value implies the American investors may be selling more relative to global investors, which has brought the price on Coinbase lower than on Binance. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the past day: As displayed in the above graph, the Bitcoin Coinbase Premium Gap was above the zero mark when BTC’s recovery run to the $122,000 level occurred, indicating that US-based whales were buying and helping fuel the surge. While BTC was at its high, however, the indicator’s value saw a sharp reversal and plunged into the negative zone. What has followed these red levels in the metric is a retrace for the coin to prices below $120,000. Thus, it seems the trend in the Coinbase Premium Gap foreshadowed the price action. This pattern is something that has been witnessed a lot since the start of 2024, as American institutional entities have been in the driving seat. Given the price action of the past day, it seems the influence of these investors remains strong, so the Bitcoin Coinbase Premium Gap could be worth keeping an eye on, as where it will go next may also carry hints about the cryptocurrency’s future trajectory. In some other news, address generation on the BTC network has reached its highest level in a year, as analyst Ali Martinez has pointed out in an X post. From the chart, it’s apparent that the daily total number of new addresses on the Bitcoin blockchain has spiked to a high of 364,126. BTC Price At the time of writing, Bitcoin is trading around $119,300, up around 5% over the past week.

XRP price is correcting gains below the $3.25 zone. The price is consolidating and might dip below the $3.080 support zone in the near term. XRP price is struggling to settle above the $3.250 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.080 zone. XRP Price Approaches Key Support XRP price formed a base above the $2.920 level and started a fresh increase, like Bitcoin and Ethereum. The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.320 level before the bears appeared. A high was formed at $3.380 and the price is now correcting gains. There was a move below the $3.250 level. The price dipped below 23.6% Fib retracement level of the upward move from the $2.90 swing low to the $3.380 high. Besides, there was a break below a key contracting triangle with support at $3.20 on the hourly chart of the XRP/USD pair. The price is now trading below $3.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.20 level. The first major resistance is near the $3.220 level. A clear move above the $3.220 resistance might send the price toward the $3.2650 resistance. Any more gains might send the price toward the $3.320 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be near the $3.450 zone. More Losses? If XRP fails to clear the $3.220 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.120 level. The next major support is near the $3.080 level or the 61.8% Fib retracement level of the upward move from the $2.90 swing low to the $3.380 high. If there is a downside break and a close below the $3.080 level, the price might continue to decline toward the $3.020 support. The next major support sits near the $3.00 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.120 and $3.080. Major Resistance Levels – $3.220 and $3.2650.

On Monday, the total crypto market capitalization (TOTAL) reached an all-time high (ATH) of $4.03 trillion, driven by significant gains in leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), reflecting renewed optimism in the crypto space fueled by favorable regulatory developments from the US. Pro-Crypto Regulations Fuel Market Optimism Ethereum notably broke through the $4,000 barrier for the first time in almost nine months, closing the gap to its all-time high of $4,878, now just 13% away. This upward momentum has been attributed to growing interest in cryptocurrencies, bolstered by pro-crypto regulatory measures that have enhanced market sentiment. Notably, the US has spearheaded a new wave of pro-crypto regulations, sparking a surge in investment in the digital asset market with the passage and signing of the first crypto bill, the GENIUS Act. This new legislation aims to create a more favorable regulatory framework for stablecoins, which are dollar-pegged cryptocurrencies. Ethereum plays a key role in the stablecoin market, as a large portion of stablecoin activity occurs on its blockchain. In contrast, Bitcoin approached its current record high of $123,000 earlier in the day but ultimately fell short of the critical $120,000 mark, which is seen as essential for entering a new price discovery phase. Despite this, the overall market sentiment remains buoyant, particularly in light of recent executive orders from President Donald Trump aimed at fostering a more favorable environment for digital assets. Ethereum Could Hit $8,000 On Thursday, Trump issued directives calling for a reevaluation of federal guidance on integrating cryptocurrencies into employer-sponsored retirement plans like 401(k)s. Analysts view this shift as a potential boom for the crypto industry, especially considering that 401(k) assets totaled $8.7 trillion in the first quarter of 2025, according to the Investment Company Institute. As such, Ethereum has outperformed many of its peers among the top ten cryptocurrencies, posting gains of just over 13% in the past week. The only token to surpass this growth has been Cronos (CRO), which saw an 18% rally during the same period. Crypto analyst Doctor Profit has weighed in on Ethereum’s performance, suggesting that breaking the $4,000 barrier signals a massive breakout from an ascending triangle pattern on the monthly chart. This pattern is considered bullish, indicating that Ethereum could continue its upward trajectory in the coming months. In a recent analysis shared on X (formerly Twitter), Doctor Profit projected that Ethereum might reach new heights, potentially hitting $8,000. If this forecast holds true, it would represent an impressive 88% increase from ETH’s current trading price of $4,250 as of late Monday. Featured image from DALL-E, chart from TradingView.com

Bitcoin has continued its upward momentum over the past week, reclaiming price levels close to its all-time high. At the time of writing, the cryptocurrency is trading above $120,000, only a short distance from the record of more than $123,000. Over the last seven days, the asset has posted a gain of approximately 5.1%, placing it among the stronger performers in the digital asset market. Amid the price movement, on-chain data from the TRON network’s USDT transfers is offering insights into current market behavior. CryptoQuant contributor Amr Taha analyzed TRC-20 USDT transaction flows and identified patterns that may serve as potential indicators of Bitcoin price shifts. By categorizing transactions into six size groups, ranging from retail trades of $100 to large “super whale” transfers exceeding $10 million, the analysis aims to distinguish between everyday market activity and institutional-scale transactions. Large USDT Transfers as a Market Signal Taha’s research notes that when transactions exceeding $10 million in USDT on the TRON network surpass $5 billion in a single day, this often coincides with significant profit-taking in Bitcoin. Such activity typically involves converting BTC into USDT, followed by transferring the stablecoins to private wallets, reducing buying pressure in the spot market. Past examples include July 16, when $10M+ USDT transfers reached $5.2 billion, followed by a 4.5% decline in BTC, and July 23, when $5.8 billion in similar transfers preceded a 3.8% drop within 48 hours. Current data, however, shows a lack of such large-scale transactions, suggesting that major holders are not actively selling into stablecoins at present. This absence of substantial whale outflows may indicate that large investors are maintaining positions rather than exiting the market. Bitcoin Shifting Market Participation and Potential Breakout Scenarios A separate analysis from CryptoQuant’s ShayanMarkets examined the average executed order size in Bitcoin futures markets, providing another perspective on participation trends. This metric, which divides total traded volume by the number of executed orders, helps identify whether activity is being driven by retail participants or larger, institutional traders. Data from late 2024 and early 2025 showed periods of whale dominance, which coincided with strong rallies. In contrast, recent weeks have seen a rise in smaller, retail-sized orders, while whale-driven trades have diminished. This shift suggests that large-scale buyers may be holding positions acquired at lower price levels or waiting for new market conditions before re-entering with significant volume. Historically, extended whale dominance near market highs has often been associated with distribution phases, where large holders take profits. The current absence of such behavior leaves open the possibility of a bullish breakout above Bitcoin’s previous all-time high, provided that renewed selling pressure from large investors does not emerge in the near term. Featured image created with DALL-E, Chart from TradingView

Ethereum price found support near the $3,950 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,320 zone. Ethereum started a fresh increase above the $3,880 and $4,150 levels. The price is trading above $4,100 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,150 zone in the near term. Ethereum Price Eyes Fresh Surge Ethereum price started a fresh increase from the $3,950 support zone, beating Bitcoin. ETH price was able to recover above the $4,000 and $4,250 resistance levels. The bulls even pushed the price above the $4,300 resistance zone. Finally, the price tested the $4,360 resistance zone. A high was formed at $4,362 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,545 swing low to the $4,362 high. Ethereum price is now trading above $4,200 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,250 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,320 level. The next key resistance is near the $4,350 level. The first major resistance is near the $4,400 level. A clear move above the $4,400 resistance might send the price toward the $4,500 resistance. An upside break above the $4,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,650 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $4,320 resistance, it could start a downside correction. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,200 zone. A clear move below the $4,200 support might push the price toward the $4,120 support. Any more losses might send the price toward the $4,050 support level in the near term. The next key support sits at $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,150 Major Resistance Level – $4,320