Bitcoin price is again rising above the $115,500 zone. BTC is now consolidating and might aim for a move toward the $120,000 resistance zone. Bitcoin started a fresh increase above the $115,500 zone. The price is trading above $115,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price found support near the $112,200 zone and started a fresh increase . BTC was able to climb above the $113,500 and $114,800 resistance levels. The price even cleared the $115,500 resistance to move into a positive zone. Finally, the price tested the $117,500 resistance zone. A high was formed at $117,643 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Bitcoin is now trading above $115,000 and the 100 hourly Simple moving average . There is also a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,200 level. The first key resistance is near the $117,500 level. The next resistance could be $118,250. A close above the $118,250 resistance might send the price further higher. In the stated case, the price could rise and test the $119,200 resistance level. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. Another Drop In BTC? If Bitcoin fails to rise above the $117,500 resistance zone, it could start another decline. Immediate support is near the $116,450 level. The first major support is near the $115,600 level and the trend line. The next support is now near the $114,550 zone or the 61.8% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Any more losses might send the price toward the $113,800 support in the near term. The main support sits at $112,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,600, followed by $114,550. Major Resistance Levels – $117,500 and $118,250.
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India’s Income Tax Department has intensified its efforts to curb tax evasion in the cryptocurrency sector, sending more than 44,000 notices to traders who failed to disclose their virtual digital asset (VDA) transactions in their income tax returns. Indian Tax Watchdog Ups The Ante In a recent session of the Rajya Sabha (Upper House of the Parliament), India’s Minister of State for Finance, Pankaj Chaudhary, revealed that the Central Board of Direct Taxes (CBDT) had launched enforcement actions against non-compliant crypto users. These include reassessment notices, surveys, and search-and-seizure operations under the Income Tax Act, 1961. To promote voluntary compliance, the CBDT has initiated targeted awareness efforts through its NUDGE campaign (Non-Intrusive Usage of Data to Guide and Enable). Under this program, a total of 44,057 emails and messages were issued to individuals who were found to be investing or trading in crypto assets but had not reported these transactions in their tax filings. The Indian government introduced a tax on digital asset income starting in the 2022-23 financial year. Since then, taxpayers have reported approximately ₹705 crore ($80.6 million) in crypto-linked income for FY 2022-23 and 2023-24 combined. However, enforcement actions such as surveys and raids led to the discovery of an additional ₹630 crore ($72 million) in undisclosed income related to cryptocurrencies. It’s worth noting that accusations of tax evasion have been directed not only at individual taxpayers, but also at crypto exchanges. Notably, the CBDT is leveraging data analytics tools such as Non-Filer Monitoring System (NFMS), Project Insight, and its internal databases to increase oversight of crypto transactions. The report adds: These tools help cross-reference information provided in tax filings with actual transactions reported by Virtual Asset Service Providers (VASPs) via TDS returns. Discrepancies identified through this system are followed up with enforcement actions to ensure accurate reporting and recovery of tax dues. Uncertainty Plagues India’s Crypto Ecosystem While India ranks among the top countries globally for crypto adoption, its taxation and regulatory stance have been a point of contention. The combination of a 30% tax on crypto profits and a 1% TDS on every trade has discouraged many retail traders and investors. As a result, a number of crypto exchanges in India have reported dwindling trading volumes, leading to businesses announcing layoffs or getting shut. Earlier this year, crypto exchange Bybit announced it was temporarily halting its operations in India due to lack of regulatory clarity. In contrast, neighbouring country Pakistan has shown a more receptive approach toward digital assets. Earlier this year, the South Asian country stated that it would tap excess energy to mine more BTC. Similarly, the UAE continues to cement its place as the global hub for crypto businesses. In November 2024, the nation eliminated Value Added Tax from all transactions in cryptocurrency exchanges and conversions. Despite these challenges, there are signs that India may be reassessing its approach. In July 2025, Pradeep Bhandari, spokesperson for the Bharatiya Janata Party (BJP), called on the government to explore creating a national Bitcoin reserve, suggesting potential long-term interest in integrating crypto into the financial system. Adding to the momentum, Coinbase, the largest US-based crypto exchange, is set to re-enter the Indian market later this year, signaling that global firms remain optimistic about India’s long-term crypto potential, even amid short-term uncertainty. At press time, BTC trades at $116,720, up 1.2% in the past 24 hours.
In a bold move that could reshape the crypto landscape, the US President is reportedly preparing to sign an executive order aimed at protecting access to BTC and digital assets. If enacted, this landmark policy would redefine the relationship between digital assets and the US financial system. Bitcoin Steps Into The Political Spotlight Bitcoin has officially entered the hall of power, as the US President Donald Trump is preparing to sign an executive order that would prohibit banks from refusing services to Bitcoin and crypto-related companies. This move signals a major shift in the US policy and ends years of financial censorship against the crypto industry. Related Reading: Strategy Expands Bitcoin Holdings With Massive Third-Largest Acquisition According to a crypto enthusiast, Henry, with this impending order, the crypto industry appears to be getting serious respect from the White House, after years of regulatory uncertainty and political pushback. In the coming days, Henry suggests that positive developments are on the horizon, especially involving Federal Reserve Chair Jerome Powell. This kind of attention from the highest levels of government could shake up the entire market and trigger a wave of institutional interest and volatility. If this happens, it would be more than just good news, as it would be a game-changer. Not only could it act as a major catalyst for BTC, it would also open the doors for crypto businesses to access traditional financial services, which they need for growth. Bitcoin is gaining recognition among the highest forms of governments across the world. Reports show that the Indonesian Vice President Gibran Rakabuming Raka is exploring the possibility of adding Bitcoin to the country’s national reserves, according to a recent post from Bitcoin Indonesia. The move represents a bold step toward integrating digital assets into sovereign finance. If implemented, Indonesia would become one of the first major Asian economies to formally recognize BTC as a reserve asset, signaling a shift in how governments hedge against inflation, currency risk, and geopolitical uncertainty. The global spotlight is increasingly turning to crypto adoption at the state level. The Bhutan Government Moves $59.2 Million In BTC Several countries are engaging BTC globally at a rapid rate. In a significant and quietly executed move, the government of Bhutan has transferred 517 BTC, valued at approximately $59.2 million, to a new cryptocurrency wallet. This substantial transfer of BTC, reported by Crypto Rover on X, has sparked speculation among analysts and the crypto community about potential custody changes or strategic moves. Related Reading: Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon? The Himalayan kingdom of Bhutan has consistently maintained a low profile in the world of sovereign crypto holdings, making it one of the most discreet yet active state players in the digital asset space. This recent movement may indicate a shift toward enhanced security and measures in BTC reserves. Featured image from Pixabay, chart from Tradingview.com
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BitcoinWorld Strategic WiMi Bitcoin Investment: Nasdaq Firm Commits $212M to Crypto A remarkable development is unfolding in the world of corporate finance, directly impacting the cryptocurrency landscape. WiMi Hologram Cloud , a Nasdaq-listed entity known for its comprehensive holographic cloud technical solutions, recently made headlines with a substantial WiMi Bitcoin investment . This move signifies a growing trend among established companies to embrace digital assets, marking a pivotal moment for both the tech and crypto sectors. What Does This Strategic WiMi Bitcoin Investment Entail? According to a press release disseminated via PR Newswire, WiMi Hologram Cloud has allocated a staggering $212 million towards Bitcoin-related securities derivatives and short-term investments. This is not just a casual dip into the crypto waters; it represents a significant financial commitment from a publicly traded company. Bitcoin-related securities derivatives: These instruments allow WiMi to gain exposure to Bitcoin’s price movements without directly holding the cryptocurrency itself. This can offer flexibility and risk management options. Short-term investments: This portion suggests an intent to capitalize on near-term market opportunities within the Bitcoin ecosystem. This substantial WiMi Bitcoin investment highlights a strategic decision to diversify and potentially leverage the volatility and growth potential inherent in the digital asset space. Why Are More Firms Making Nasdaq Bitcoin Investments? The decision by WiMi Hologram Cloud to allocate such a considerable sum towards Bitcoin-related products is part of a broader trend. Many corporations are exploring cryptocurrency investment for various compelling reasons: Inflation Hedge: Bitcoin is often seen as a hedge against inflation, providing an alternative store of value in uncertain economic times. Diversification: Adding digital assets to a traditional portfolio can help diversify holdings and potentially reduce overall risk. Growth Potential: Despite its volatility, Bitcoin has shown immense long-term growth potential, attracting companies looking for higher returns than traditional assets. Technological Advancement: Investing in crypto can align with a company’s image as an innovator and early adopter of cutting-edge technologies. This growing interest from Nasdaq-listed companies like WiMi underscores the increasing legitimacy and integration of digital assets into mainstream finance. Impact of WiMi Hologram Cloud’s Strategic Move A major Nasdaq Bitcoin investment like WiMi’s sends a strong signal to the market. It suggests that even companies outside the traditional financial sector recognize the value and potential of cryptocurrencies. This kind of institutional adoption can have several positive ripple effects: Increased Legitimacy: When established companies invest, it boosts Bitcoin’s credibility among a wider audience and other corporations. Market Confidence: Large investments can instill greater confidence in the crypto market, potentially attracting more institutional and retail investors. Innovation: Corporate involvement can spur further innovation within the blockchain and crypto space, leading to new products and services. The actions of companies like WiMi Hologram Cloud are gradually reshaping how the corporate world views and interacts with digital currencies, paving the way for more widespread corporate Bitcoin holdings . Navigating the Future of Cryptocurrency Investment While the prospects are exciting, navigating the world of cryptocurrency investment still presents challenges. Volatility remains a key characteristic of the crypto market. Companies undertaking such investments often employ sophisticated strategies to manage risk, utilizing derivatives and short-term positions as WiMi has done. For individuals and institutions considering similar moves, it is crucial to conduct thorough research, understand the underlying technology, and be aware of market dynamics. The landscape is evolving rapidly, offering both significant opportunities and inherent risks. Key Takeaways for Investors: Research Thoroughly: Understand the assets and the market. Risk Management: Employ strategies to mitigate potential losses. Long-Term Vision: Consider the long-term potential of digital assets. WiMi’s substantial WiMi Bitcoin investment exemplifies a bold step by a Nasdaq-listed firm into the digital asset realm. This move not only highlights the growing institutional confidence in Bitcoin but also signals a broader shift in corporate financial strategies. As more companies explore corporate Bitcoin holdings , the line between traditional finance and the crypto world continues to blur, promising an exciting future for digital assets. Frequently Asked Questions (FAQs) 1. What is WiMi Hologram Cloud? WiMi Hologram Cloud is a Nasdaq-listed company that provides comprehensive holographic cloud technical solutions, specializing in augmented reality (AR) and virtual reality (VR) applications. 2. How much did WiMi invest in Bitcoin-related products? WiMi Hologram Cloud announced a total investment of $212 million in Bitcoin-related securities derivatives and short-term investments. 3. Why are companies like WiMi investing in Bitcoin? Companies are investing in Bitcoin for various reasons, including hedging against inflation, diversifying their corporate treasury, seeking growth potential beyond traditional assets, and aligning with technological innovation. 4. What are Bitcoin-related securities derivatives? Bitcoin-related securities derivatives are financial instruments that allow investors to gain exposure to Bitcoin’s price movements without directly owning the underlying cryptocurrency. They can include futures, options, or exchange-traded products (ETPs). 5. What is the significance of this WiMi Bitcoin investment? This significant investment by a Nasdaq-listed firm like WiMi Hologram Cloud enhances the legitimacy of Bitcoin and the broader cryptocurrency market, potentially encouraging further institutional adoption and investment. Share the Insight! Did you find this article insightful? Share it with your friends, colleagues, and anyone interested in the evolving landscape of corporate cryptocurrency investments! Your shares help us spread valuable information. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Strategic WiMi Bitcoin Investment: Nasdaq Firm Commits $212M to Crypto first appeared on BitcoinWorld and is written by Editorial Team
In a recent post on X, Levi Rietveld, a prominent figure at Crypto Crusaders, shared a video contrasting Bitcoin and XRP, featuring comments from Ripple CEO Brad Garlinghouse. The post was accompanied by the caption “Bitcoin vs XRP” and a direct appeal to viewers stating, “If you don’t know XRP Army, you really gotta check this out.” The video primarily focused on the environmental concerns surrounding Bitcoin mining and presented XRP’s consensus mechanism as a more energy-conscious alternative. Garlinghouse Criticizes Bitcoin’s Energy Consumption The footage showed Garlinghouse addressing the significant energy demand required for Bitcoin mining , which he said now consumes approximately one percent of global energy usage. He described this figure as a “holy shit moment”, indicating that the scale of Bitcoin’s energy consumption, particularly in light of growing environmental awareness, should be a cause for serious reflection. Garlinghouse emphasized the disconnect between Bitcoin mining practices and the ongoing push by environmental activists and organizations for greener alternatives. He questioned the logic behind continuing to expand Bitcoin’s energy consumption footprint, stating that the practice “makes no sense at all” in the context of modern environmental expectations. #Bitcoin vs #XRP pic.twitter.com/9pzRmxN0E4 — Levi | Crypto Crusaders (@LeviRietveld) August 5, 2025 XRP Ledger Built to Avoid Energy Waste The Ripple CEO acknowledged that the environmental foresight behind the XRP Ledger predated his involvement with the company. He credited the early architects of the XRP Ledger with recognizing the unsustainable trajectory of proof-of-work models. According to him, these engineers foresaw the exponential energy demands associated with proof-of-work mining and intentionally chose to implement a consensus algorithm that did not require high electricity usage for transaction validation. Garlinghouse explained that Bitcoin’s design necessitates increased computational effort as it nears its hard cap of 21 million coins. As more coins are mined, the difficulty level increases, leading to greater energy requirements. He described this compounding energy demand as a structural feature of Bitcoin that the XRP Ledger was specifically built to avoid. Alternative Consensus Mechanism Emphasized According to Garlinghouse’s statements, the XRP Ledger employs a different consensus model that is considerably more efficient. He described it in simplified terms but stressed that the energy implications were a key design decision from the outset. The consensus mechanism used by the XRP Ledger does not rely on mining; therefore, it does not require vast amounts of power to validate and settle transactions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Rietveld Highlights Growing Crypto Sustainability Debate Rietveld’s decision to share the clip appears intended to highlight XRP’s positioning within the wider debate about cryptocurrency sustainability. By promoting Garlinghouse’s remarks, Rietveld drew attention to the contrast between XRP’s consensus approach and the energy-intensive process associated with Bitcoin. The video serves to reinforce the long-standing narrative within segments of the crypto community that XRP offers a scalable and environmentally viable infrastructure for digital payments, particularly when compared to legacy proof-of-work systems. While Bitcoin continues to be defended by its proponents as a decentralized and censorship-resistant monetary network, the concerns raised in the video bring renewed focus to the ongoing discourse around the environmental impact of blockchain technologies. Garlinghouse’s remarks, as shared by Rietveld, highlight a continued effort by Ripple and its supporters to position XRP and the XRP Ledger as forward-looking and sustainable components of the digital asset ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Highlights XRP’s Advantage Over Bitcoin appeared first on Times Tabloid .
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Manufacturers of bitcoin (BTC) mining equipment won't be feeling the pinch of a new round of tariffs the White House has imposed on the semiconductor industry, as the largest chip manufacturers like TSMC and Samsung have an exemption from the new rules due to their investments in the U.S. Officials in Taiwan confirmed to local press that TSMC would have an exemption from the 100% tariffs because of its facilities in Phoenix, which opened in 2023. South Korean officials also confirmed that Samsung would have a similar exemption because of its fabs in Texas . TSMC and Samsung manufacture the Application Specific Integrated Circuits (ASICs) designed by BTC mining companies like Bitmain, Canaan, and Bitdeer. Bitmain and Canaan didn't respond to a request for comment from CoinDesk. A spokesperson for Bitdeer confirmed that they partner with TSMC to manufacture the ASICs used for their miners, and thus wouldn't feel the pinch of tariffs. The spokesperson also said that they expect to bring online a U.S.-based factory to assemble the miners within a year. Broadly speaking, the market seems to have shrugged off the new tariffs. In Taipei, the TAIEX, an index of Taiwan's stock market, is set to open trading Friday up 2.3% with TSMC up 3% and approaching record highs. Even the targets of these tariff policies are in the green. SMIC, the Shanghai-based rival to TSMC, which lacks a U.S. facility, is up on the week in Hong Kong, outperforming the Hang Seng index. Market Movers: BTC: Bitcoin has entered a bullish cooldown after hitting a $123K all-time high, now trading at $117,386.04, with softer momentum and weaker on-chain signals pointing to short-term consolidation or mild downside risk, according to a report by CryptoQuant. ETH: Glassnode data shows short-term capital flow has shifted from Solana to Ether, with ETH/SOL at a year-to-date low and ETH/BTC breaking above its 200-day EMA for the first time in two years, as ETH trades at $3,905.42 (+6.43%) and approaches $4K, with open interest at $58B and network activity at record highs. Gold: Gold is trading at $3,387, up 0.5%, as the market weighs the impact of tariffs on India for importing Russian oil. Nikkei 225: Asia-Pacific markets opened mixed Friday, with Japan’s Nikkei 225 up 1.18% and the Topix hitting a record 3,031.78, led by sharp gains in Nippon Chemical Industrial, Miyakoshi Holdings, J-Lease, and Japan Electronic Materials. S&P 500: Stocks rose Wednesday, with the S&P 500 up 0.73% to 6,345.06, as Apple jumped 5% on news it will boost U.S. manufacturing investment by $100B to a total of $600B over four years. Elsewhere in Crypto: SEC's Long-Running Case Against Ripple Officially Over (CoinDesk) Stablecoin Provider Paxos to Pay $26.5M Fine to Settle Charges Related to Binance (Decrypt) Ripple to Buy Stablecoin Payments Firm Rail for $200M to Boost RLUSD (CoinDesk)
Institutional interest in Solana is reaching new heights. Public companies are actively accumulating SOL to earn passive income and gain long-term exposure to the network. Staking rewards of up to 8% are making Solana attractive to treasury strategists. The move marks a shift in how companies manage idle capital in the digital space. Instead of just holding Bitcoin, they are now diversifying into proof-of-stake ecosystems that offer real returns. Three public companies have this week disclosed major SOL acquisitions. Their holdings combined now exceed 3.5 million tokens. As this trend gains momentum, investors are also turning their attention to early-stage opportunities—most notably MAGACOIN FINANCE. Public Companies Move Big into Solana Three publicly listed companies—Bit Mining, Upexi, and DeFi Development Corp.—are leading the current wave of Solana accumulation. Each has made major purchases and plans to stake their holdings to generate yield. Bit Mining, once focused mainly on Bitcoin operations, bought 27,191 SOL this week for $4.5 million. The firm launched its own validator and announced plans to raise $300 million to build out its Solana treasury. This move signals a deliberate pivot toward proof-of-stake assets. Upexi, a U.S. supply chain and brand management company, made the largest move. It raised over $200 million in July and increased its SOL holdings from 735,692 to more than 2 million. Most of the tokens have already been staked, earning the company around $65,000 daily in passive income. DeFi Development Corp., formerly Janover, also joined the race. The company added another 110,466 SOL to its reserves, bringing its total to over 1.2 million tokens. It now plans to stake the full treasury across multiple validators. The firm’s shift to blockchain began after its acquisition by former Kraken executives. These companies now control over $590 million in SOL. Their strategies reflect a growing shift toward blockchain-based yield models in corporate treasury management. XRP Attracts Quiet Institutional Attention XRP is building its own case for institutional inflow as Solana pivots to staking. Ripple’s recent regulatory clarity in the U.S. has helped restore confidence in the token. Analysts note that the real-world use case of XRP in global payments makes it a strategic choice for institutions that want exposure without high volatility. If market conditions stabilize, XRP could attract more capital from investors rotating out of Bitcoin and into altcoins with regulatory strength. MAGACOIN FINANCE Named the Best Crypto Presale As corporate capital crowds into large-cap assets, some investors are looking earlier in the cycle. MAGACOIN FINANCE is gaining attention in that space. Analysts have named it the best crypto presale for the upcoming bull cycle because of its low entry point and focus on decentralized finance. Unlike hype-driven projects, MAGACOIN FINANCE has a roadmap focused on governance tools, staking utilities, and integration into emerging DeFi ecosystems. Its early-stage profile appeals to traders looking to front-run the next wave of adoption. Conclusion Companies are no longer just holding Bitcoin. They’re building active, yield-focused treasuries around Solana. XRP is quietly gaining favor as regulatory clarity improves. Meanwhile, MAGACOIN FINANCE offers early exposure to those seeking value ahead of the next bull market rotation. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Solana Treasury Race Intensifies—Are Whales Eyeing XRP and This Undervalued Gem Next?