More on the markets: Arbitrage Can't Make Prices Efficient: Double Auction Ensures They Are Biased Dollar Stabilizes Chart Of The Day: Should You Worry About This September? Wall Street is mixed as Google dodges tougher penalties in regulatory case; JOLTS report in focus HSBC ups year-end target for S&P 500 after resilient Q2 earnings season
Galaxy Digital CEO Mike Novogratz warns that AI agents will soon become major users of stablecoins, driving an explosion in stablecoin transactions as autonomous software completes everyday purchases and payments
Trimont LLC, a commercial real estate loan servicer managing roughly $730 billion in assets, has started using JPMorgan’s blockchain platform to speed up and automate loan payment processing. Key Takeaways: Trimont is using JPMorgan’s Kinexys blockchain to automate and accelerate $730B in loan payment processing. The system cuts settlement times from two days to minutes by identifying and routing payments automatically. Kinexys reflects a growing shift toward programmable, 24/7 blockchain-based financial infrastructure. The Atlanta-based firm tapped into JPMorgan’s Kinexys Digital Payments network for the first time in August and plans to expand its usage over the next year, CEO Bill Sexton told Bloomberg . Kinexys Slashes Loan Payment Processing Time from Days to Minutes The Kinexys system streamlines payment workflows by identifying incoming payments, verifying amounts, and distributing funds to lenders, tasks that previously took up to two days and can now be completed in minutes. “There is significant financial benefit to our clients being able to receive the payments two days earlier,” Sexton said. This partnership highlights a growing trend among corporations exploring blockchain as a faster, more efficient alternative to traditional banking rails. While banks have tested blockchain applications for years, broad adoption has been slow, and most projects remain limited in scope. JPMorgan’s Kinexys, launched in 2019, currently processes about $3 billion in transactions daily, a small slice compared to the bank’s $10 trillion daily volume. Still, interest is picking up, especially as new regulations around digital assets and stablecoins emerge. Companies are increasingly drawn to the idea of 24/7 programmable payments that can bypass the constraints of traditional banking hours. The Kinexys network began supporting programmable payments in 2023, allowing firms to automate cash movement based on pre-set conditions. “It’s the ability to embed software in money and make money smart,” said Naveen Mallela, global co-head of Kinexys. Blockchain’s real value, Mallela noted, lies in making money behave more like data—fast, flexible, and intelligent. Trimont’s adoption of the technology could signal a broader move within commercial finance toward digital payment infrastructure that matches the pace of modern business. As blockchain continues to mature beyond the crypto headlines, real-world implementations like Trimont’s may offer a glimpse into how financial rails will evolve in the decade ahead. Payments Companies Push into Crypto In May, crypto payments platform Mesh unveiled its Apple Pay integration , which allows merchants partnered with Mesh to accept crypto payments via Apple Pay. Mesh’s partnership with Apple Pay came as payments companies continue to expand into digital assets. In April, global payments giant Stripe said it is developing a U.S. dollar-backed stablecoin aimed at companies operating outside the United States, United Kingdom, and Europe. The announcement came after Stripe’s regulatory approval to acquire Bridge, a stablecoin payments network designed to rival traditional banking systems and SWIFT-based transfers. Earlier this year, Jack Dorsey, former Twitter CEO and outspoken Bitcoin advocate, publicly urged Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments. Dorsey’s call was echoed by David Marcus, former president of PayPal and current CEO of Lightspark, who stated that “all non-transactional apps should connect to Bitcoin.” The comments reflect a growing sentiment among Bitcoin advocates to reposition BTC not just as a store of value, but as a practical payment tool. The post Real Estate Lender Trimont Taps JPMorgan’s Blockchain to Automate Loan Payments appeared first on Cryptonews .
Bitcoin is entering a new phase after months of dominance and sustained gains. For the first time since late 2022, BTC is lagging behind while Ethereum and several altcoins begin to show strength. This shift has caught the attention of investors, as Bitcoin has long been the main force driving the broader market’s momentum. Now, with Ethereum taking the crown, the spotlight has temporarily shifted away from BTC. Top analyst Darkfost points out that old Bitcoin whales are becoming active again, adding to the uncertainty. Among them is one whale who continues to swap BTC for ETH on Hyperliquid. According to Darkfost, this whale is most likely a miner, as evidence links their activity to the Bixin platform, which mined its last block back in 2019. Such movements suggest that early holders and miners may be diversifying their portfolios, contributing to the growing capital rotation trend. This dynamic reflects a key moment in the cycle, where Bitcoin’s leadership is challenged while Ethereum builds momentum through both institutional demand and whale accumulation. The coming weeks will determine whether BTC can reclaim its dominance or if ETH continues to drive the next stage of the market. Old Bitcoin Whales Drive Market Uncertainty According to Darkfost, old Bitcoin whales have played a major role in the recent increase of dormant BTC being moved and sold, raising red flags across the market. These wallets, often tied to early miners and long-term holders, are becoming active once again, fueling speculation about their motives. Historical trends suggest that whenever such activity picks up, it tends to coincide with overheated markets and often marks the beginning of corrective phases. Darkfost highlights the Spending Binary CDD (Coin Days Destroyed) as a crucial indicator in the current cycle. This metric, which tracks the movement of older coins, has reached critical levels once again—levels that in past cycles consistently preceded market corrections. The reasoning is simple: when coins that have remained untouched for years are suddenly sold, it signals distribution by early investors and introduces additional supply into the market at sensitive points. The current environment mirrors this exact setup. Bitcoin’s price action shows consolidation and fading bullish momentum, while Spending Binary CDD reinforces the likelihood of continued downside pressure. Darkfost warns that unless demand rises significantly—or these old BTC stop being moved—it will remain extremely difficult for Bitcoin to break out of its current consolidation phase. If demand does not offset this increase in selling pressure from old wallets, Bitcoin may face deeper corrections before finding stability. On the other hand, a pause in whale distribution could open the door for BTC to regain strength. Either way, the behavior of these old holders will heavily influence Bitcoin’s short-term trajectory. Price Action Details Bitcoin (BTC) is currently trading around $111,255, showing signs of recovery after a sharp decline that pushed it near the $108K region. The chart highlights how BTC recently bounced off the 200-day moving average (red line), a key long-term support level that has historically provided stability during corrections. Holding above this line is crucial for maintaining the broader bullish structure. On the upside, BTC faces immediate resistance at the 100-day SMA (~$115,740) and the 50-day SMA (~$114,356). Both moving averages are trending above current price levels, creating a potential confluence of resistance that could limit short-term upside momentum. Unless BTC can break and sustain above these averages, the market may see continued consolidation between $108K and $115K. The yellow line at $123,217 remains the critical resistance point to watch, representing the last major high before the recent correction. A successful reclaim of this level would signal renewed bullish momentum and could reset the trajectory toward new highs. Featured image from Dall-E, chart from TradingView
Crypto analyst Jonathan Carter has alluded to a technical pattern for Shiba Inu, which points to a breakout to the upside. Based on this, he predicted that the meme coin could soon break above the psychological $0.00002 level, which could pave the way for higher prices. Shiba Inu Confirms Descending Channel Breakout In an X post, Carter said that the Shiba Inu descending channel breakout has been confirmed. He noted that the meme coin has successfully broken above the descending channel and is currently consolidating just below the MA 50 on the daily timeframe. Based on this, the analyst indicated that SHIB could record a rally of over 100%. Related Reading: Shiba Inu Price Set For 650% Expansion To $0.00009 ATH If This Happens This came as Carter stated that a move above this MA could trigger an explosive rise toward targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500. Meanwhile, his accompanying chart showed that Shiba Inu could rally further to $0.000033 if it successfully breaks above $0.000025. However, the $0.000033 level will mark a huge resistance for the meme coin. Notably, crypto analyst Javon Marks recently predicted that Shiba Inu could record a rally of over 163% to the $0.00003 range. He stated that the SHIB price had formed a bullish pattern in a regular bull divergence, which the MACD Histogram confirmed. Based on this, he declared that a reversal was on the horizon, with the meme coin rallying to the upside. These bullish predictions come amid a bearish sentiment toward the Shiba Inu price. The meme coin has underperformed the broader crypto market and is down over 42% year-to-date (YTD). However, crypto analyst Shib Spain is still bullish on the meme coin. He stated that the longer the meme coin’s accumulation continues, the more powerful the explosion will be. SHIB At Crossroads At The Moment In a TradingView post, crypto analyst CobraVanguard suggested that the Shiba Inu price is at a crossroads at the moment. This came as he highlighted a triangle pattern, which he stated would break in the direction it is breached, and the price would then move in that direction. His accompanying chart showed that $0.000012251 is the key level to watch out for as the meme coin decides its next move. Related Reading: Can Dogecoin And Shiba Inu Prices Recover? What To Expect In September A breakdown below this price level could send Shiba Inu to as low as $0.000011269. Meanwhile, a successful break above this level could send the meme coin to as high as $0.000014183 in the short term. This marks one of the price levels that Carter mentioned as SHIB eyes a rally above the psychological $0.00002 level. At the time of writing, the Shiba Inu price is trading at around $0.00001240, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
US JULY JOB OPENINGS 7.181M EST. 7.380M US JULY LAYOFFS 1.808M EST. 1.639M
Gate has launched the Ondo Zone and opened spot trading, debuting an initial set of 26 Ondo trading pairs — including AAPLON, METAON, TSLAON, NVDAON, SPYON and QQQON — to
Bitcoin’s premium demand, Ethereum’s accumulation, and Solana’s DeFi growth define September’s leadership battle.
Cardano price is showing renewed bullish momentum: community sentiment ranks ADA sixth-most positive and 88.4% of CoinMarketCap voters are bullish, supporting a potential retest of $1 if ADA sustains above
Galaxy Digital CEO Mike Novogratz predicted that AI agents will soon be the biggest users of stablecoins, driving an explosion in stablecoin transactions.