According to the Financial Times, the world's largest cryptocurrency exchange, Binance, has chosen Spanish bank BBVA as its custody provider. BBVA, Spain's third-largest bank, recently began providing services to Binance as one of its few independent custodians. This move aims to alleviate investor concerns about the exchange's security, particularly following the FTX bankruptcy in 2022. With this partnership, Binance has allowed customers to keep their assets in the bank instead of on an exchange. Binance previously required its customers to store their assets only with Binance or its subsidiary Ceffu. However, Binance's stance changed early last year when it began allowing certain large clients to use alternatives like Switzerland-based Sygnum Bank and FlowBank. Under the partnership, investors' funds will be held at BBVA in the form of US Treasury bonds, which Binance will accept as trading collateral. BBVA continues to expand into the cryptocurrency market to meet growing demand from its retail customers. Last month, the major bank announced the launch of Bitcoin (BTC) and Ethereum (ETH) trading and custody services for Spanish clients directly through the bank's mobile app. Related News: New Bitcoin (BTC) and Ethereum (ETH) Move Comes from the Banking Giant Also Serving in Türkiye! BBVA also stated that it recommends its private banking clients invest up to 7% of their portfolio in crypto assets. *This is not investment advice. Continue Reading: Binance Signs New Partnership with Banking Giant Also Serving in Türkiye!
Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts. In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is “the world’s most mature smart contract platform” with “extremely high liquidity” and growing institutional recognition, pointing to the U.S. SEC’s approval of a spot ETH ETF. IVD plans to use ETH for on-chain ownership confirmation, automated revenue distribution, and compliance governance of tokenized assets. It will also serve as the settlement layer for the company’s planned IVDD stablecoin, enabling cross-border transactions within Hong Kong and U.S. compliance frameworks. Revenue from RWA transactions will be automatically converted into ETH and deposited into the treasury. IVD also intends to deploy ETH into staking, re-staking, and on-chain derivatives to boost returns and liquidity while adding downside protection. The move puts IVD alongside a small group of HKEX-listed companies with crypto treasuries, most of which favor bitcoin (BTC). Boyaa Interactive (0434.HK) holds more than 3,100 BTC worth over US$300 million after converting nearly all of its ether to bitcoin. Meitu (1357.HK) bought about 31,000 ETH and 940 BTC in 2021 before exiting those positions. Other smaller bitcoin holders include Yuxing InfoTech (8005.HK) with 78 BTC , Moon Inc. (1723.HK) with 18.88 BTC, and Walnut Capital (0905.HK) with 10 BTC from a shareholder donation. IVD's move was made as part of a broader partnership announcement with HashKey Group , which operates the Hong Kong-licensed HashKey exchange. Read more: SharpLink Raises $200M in Direct Offering to Raise ETH Holdings to $2B
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The cryptocurrency market experienced a substantial revival in the past 24 hours, with Bitcoin (BTC) climbing to approximately $117,000. The leading altcoins performed even better: Ethereum (ETH) surged by 5% daily and is inching towards $4,000, Ripple’s XRP pumped by 12% to $3.36, while Stellar (XLM) reached a two-week high of $0.46. The sudden uptick in the market was caused by bullish factors, including Donald Trump’s executive order that aims to allow 401(k) investors access to alternative assets, such as cryptocurrencies, and the official resolution of the Ripple v. SEC case. Somewhat expected, the resurgence has resulted in liquidations for over-leveraged traders. According to CoinGlass, the sum for the last 24 hours equals more than $400 million, with short positions comprising around 80% of the total. ETH trades accounted for $187 million, followed by BTC ($57 million) and XRP ($28 million). The largest single liquidation order occurred on HTX, involved the ETH/USDT trading pair and was valued at $34.28 million. The total number of liquidated traders over the past day stands at 113,178. Liquidations, Source: CoinGlass The post Liquidations Top $400 Million as Ethereum (ETH) Nears $4,000, Bears in Disbelief appeared first on CryptoPotato .
Tether CEO led petition to restore vandalized Satoshi Nakamoto statue in Lugano
Bitcoin is 31% undervalued versus its energy-based "fair" price, analysis calculates, as hash rate beats records.
Goldman Sachs Vice Chairman Robert Kaplan believes that the US labor market is even worse than the job data shows. Kaplan, the former president of the Federal Reserve Bank of Dallas, tells CNBC in a new interview that the low unemployment figures are not telling the full labor story because the overall labor pool is shrinking due to President Trump’s immigration efforts. “I’ve been saying for some time that hiring is down to stall speed. That’s been true for the last few months. The reason the unemployment rate is so low is not that businesses are firing; they’re not, but they’re not hiring either, and we’re losing labor supply because of the immigration policies. You’ve got to look at more than just headline unemployment to understand the labor market. The labor market is weaker than headline unemployment suggests, and the reason, again, is businesses are not hiring. Hiring is very sluggish, and it just doesn’t look as bad as it might, because supply is also declining.” He also believes that the Fed may announce a rate cut at its next meeting in September. “If I were in my former seat, I would be tilting very seriously to thinking about cutting in September. There are cross currents, and here’s why I say tilting. We’re running above 2% inflation. Whether we like it or not, the tariffs are going to raise costs… It’s been some time since we’ve been in a situation that we were at risk of not meeting our employment mandate, and we’re having above-trend inflation… And so this weakening, if it persists, it means I’m going to have to take more risk, and my guess is that will mean taking a serious look at cutting 25 basis points in September. But I would caution that doesn’t mean we’re starting a rate-cutting cycle after September. If we cut, you wipe the slate clean and take a fresh look at November.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Goldman Sachs’ Vice Chair Says Labor Market Even Weaker Than Figures Suggest, Predicts When the Fed Could Announce a Rate Cut appeared first on The Daily Hodl .
Renewed optimism in Bitcoin was sparked on Thursday as the $BTC price rose just over 2%, equating to a dollar gain of around $2,500. This move may not be over on Friday as the price has started to rise again after a short reversal. However, with buying fatigue starting to set in for bulls, and the price approaching the top of the bull flag and the $118,000 resistance, is a rejection the most likely outcome? Bullish news for Bitcoin, but is the market running out of steam? Incredibly bullish news for Bitcoin continues to drop. On Thursday, President Trump signed an executive order giving US citizens access to the purchase of $BTC for their 401(k) savings plans. To add to the pro-crypto news, Trump also signed an order preventing banks from denying services to crypto companies. All this good news for the crypto industry had the effect of providing an upward impulse to the price on Thursday, and with $BTC approaching the top of its bull flag, there may be enough buying momentum with which to get there. However, if one takes a measurement from the $112,000 swing low for this upside move, it is now at just over 5% and the bulls are starting to run out of steam. It may just be that there could be several days of sideways and downwards price action to come, which would allow momentum indicators to reset, and provide the possibility of a more reliable breakout. Price reversal at the top of the bull flag? Source: TradingView The 4-hour chart shows the latest price action. It can be seen that the breakout of the W pattern did eventually happen. This took the $BTC price beyond $117,000, and a long candle wick down confirmed the breakout, as well as providing evidence of the huge intent of the bulls to buoy the price up. As things stand, the price is currently taking hold above $116,800 which might now be a tenuous support. It could be that there is enough momentum in the tank to take the price back up to the $117,450 resistance, and even to the top of the bull flag, which coincides with the $118,000 resistance level. Be that as it may, all shorter term Stochastic RSI indicators are now at or near the top, suggesting that this upward impulse may be about to come to an end. The top of the bull flag would be an ideal place for a reversal to occur. RSI trend break on daily time frame Source: TradingView The daily chart reveals a critical signal in the Relative Strength Index . Looking at the bottom of the chart it can be seen that there are two descending trendlines. The first one was for the previous bull flag, and the second for this current bull flag. When the first trendline was broken it led to the huge 25% upswing in price action. Going forward to the current bull flag it can be observed that the indicator line on the RSI has just broken through the descending trendline, and could be confirming the breakout right now. There is still the rest of the day to come, and so there is the possibility that if the price does turn back down, a fakeout could be the end result. That said, if the indicator line remains above the trendline at the end of today this would be very bullish. Can 5 years of bearish divergence be cancelled out? Source: TradingView Zooming all the way out into the monthly chart the RSI indicator can be seen right beneath the descending trendline that goes all the way back to Q1 of 2021. Getting above this trendline is a make or break situation. If the bulls can push the price up and the downtrend can be broken, there could be a massive upward impulse. However, even if this scenario comes to fruition, the RSI indicator will need to continue up and eventually get above 91.5 in order to cancel out around 5 years of bearish divergence. This is the tallest of tall tasks, and it is likely to need an event such as sovereign countries like the US committing to buying large amounts of Bitcoin. This is certainly a possibility, but will it happen in time to save this Bitcoin bull run? Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Kiyosaki predicts a new Great Depression-like economic crisis. Bitcoin, gold, silver, and oil are suggested as safe investment options. Continue Reading: Robert Kiyosaki Predicts an Imminent Economic Crisis: Preserve Wealth with Bitcoin The post Robert Kiyosaki Predicts an Imminent Economic Crisis: Preserve Wealth with Bitcoin appeared first on COINTURK NEWS .
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