The cryptocurrency market experienced a significant downturn after starting the week positively, with many top digital assets declining by double digits. TRX was the only top 20 digital asset to gain, rising by 2.7%, while toncoin increased by 8.9%. Tariffs and Jobs Data Spark Market Rout After starting the week brightly, the cryptocurrency market closed
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The crypto market enters Q3 with strong bullish fundamentals from ETF and corporate buying. The case is built on strong July price action, record ETF inflows, and a corporate supply squeeze. However, historical data shows Q3 is traditionally the weakest quarter of the year for Bitcoin. The crypto market is heading into the third quarter of 2025 with a powerfully bullish setup, but this momentum is on a collision course with a major historical headwind. While the July data brings in a show of a strong Q2 ending, Q3 has traditionally been the weakest quarter of the year for Bitcoin, setting the stage for a major test of the marketâs conviction. July: Strong Gains and Record ETF Flows The bullish case for Q3 begins with the overall crypto marketâs performance in July. Bitcoin especially delivered a strong 29.74% gain in Q2. Source: CoinGlass This price strength provided a solid foundation and demonstrated resilient demand even at elevated levels, setting a positive tone as the quarter began. Record ETF Inflows Signal Institutional Conviction In July 2025, Bitcoin ETF inflows reached about $55âŻbillion yearâtoâdate, with 29 of the past 33 t⌠The post Q3 2025 Crypto Outlook: ETF Inflows and Treasury Demand Point to Record Quarter appeared first on Coin Edition .
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The Bitcoin mining difficulty is crucial to both miner profitability and ensuring that BTC is not mined faster than the protocol allows.
Reports have disclosed that XRP community commentator Versan Aljarrah says XRP could gain a link to gold without actually holding bullion. According to Aljarrah, XRP would simply move gold-backed stablecoins across the XRP Ledger. Related Reading: Donât Blink: 1,000 XRP Could Be The Best Move Youâve MadeâExpert The commentator argues that this role would give XRP a âsynthetic connectionâ to tokenized assets like gold and oil, even though XRP itself would not carry any gold reserves. How XRP Bridges Gold Token According to Aljarrah, XRP only needs to power the on-chain movement of gold-pegged coins. Based on reports, each gold token on the XRPL would represent one gram of real gold. Custodians such as MKS Pamp and Imperial Vaults would hold the physical bars. XRP would then step in to provide liquidity and settle trades on the ledgerâs built-in exchange. Aljarrah sees this setup as a way for the altcoin to stay useful in global finance. $XRP doesnât need to be backed by gold. It just needs to move it. When gold-pegged stablecoins live on $XRPL, XRP bridges them. And in doing so, it becomes synthetically linked to gold, oil, and every asset they tokenize. pic.twitter.com/q0Ti2pQuDp â Versan | Black Swan Capitalist (@VersanAljarrah) July 27, 2025 Meld Gold Leads The Charge Meld Gold is the only issuer currently close to launching a gold token on the XRPL. Reports have disclosed that Meld plans to back each token with one gram of physical gold. The firm says it will work with major vault operators. So far, no other gold token projects, including PAX Gold (PAXG), have moved onto XRPâs network. Supporters hope that more issuers will follow once Meld proves the concept. Technical And Regulatory Hurdles Reports note that issuing gold tokens is more than writing code. Each issuer must tie its token to audits, legal contracts and insured vaults. On top of that, XRPâs fixed supply and decentralized consensus system make direct asset backing tricky. Matt Hamilton, a former Ripple developer, has said the crypto asset canât be backed by gold in a traditional way. Analysts add that its price moves with adoption, legal clarity and market mood, not by hype. Institutional Moves Remain Unseen Meanwhile, Aljarrah says big names like JPMorgan, BlackRock, the Bank for International Settlements and the IMF have made private plans to use XRP as a bridge. Yet no public evidence supports that claim. Related Reading: XRP ETF Approval Incoming? Analyst Eyes September-October Window Most large asset managers have focused on blockchains with clear rules. Until the Ripple-SEC lawsuit ends, top institutions are likely to hold back. That case could decide if XRP is treated like a security, and that will affect any tokenized assets on the XRPL. According to analysis, a bridge role alone wonât peg XRPâs price to the spot gold rate of $2,950 that some in the community mention. Instead, if gold-pegged tokens take off, the altcoin could see more trading volume and tighter spreads. That might nudge its price upward, but it would still trade on its own merits as a liquidity tool for cross-border payments. Featured image from Pexels, chart from TradingView
New data from senior Bloomberg analyst Eric Balchunas reveals that US crypto ETFs (exchange-traded funds) beat out Vanguardâs renowned S&P 500 ETF (VOO) in July. In a new thread on the social media platform X, Balchunas notes that US crypto ETFs had a staggering $12.8 billion worth of inflows in July, outpacing all other ETFs, including VOO, which currently has $713.13 billion in assets under its management . âUS Crypto ETFs took in $12.8 billion in July, the best month ever, [at] a $600m/day pace, about double [the] average. As a group, thatâs more than any single ETF did, including the Mighty VOO. Further, every ETF in [the] category took in cash (ex the converted trusts) w/ Bitcoin and Ether making equal contributions. Most all-around dominant performance since the Eagles ended the Chiefs in the Super Bowl. Will be hard to top.â Source: Eric Balchunas/X The analyst goes on to say that asset management titan BlackRockâs iShares Bitcoin Trust ETF (IBIT) is doing well and drawing in new customers. âAmazing stat: 75% of the investors who bought IBIT ($87 billion via one million people) were first-time customers of BlackRock. And 27% of them went on to buy another iShares ETF. Just a total coup for BLK all around.â According to Balchunas, IBIT â which launched in January 2024 â had a significant hand in Bitcoinâs ( BTC ) massive price growth over the last two years. â1) ETFs hold BTC at a 1:1 ratio. There is no lending, there is no paper IOUs. ETFs are clean and above board and every dime of AUM is connected to the proportional Bitcoin. 2) Zoom out: Bitcoin is up nearly 300%(!) since the infamous BlackRock filing two years ago. ETF flows big part of that. 3) From what I am hearing on here, the selling is annoyed OGs who donât like that Wall St. and the government has adopted BTC. I guess they prefer BTC to have intermediaries like Sam Bankman-Fraud instead.â Bitcoin is trading for $113,763 at time of writing, a 3.2% decrease on the day while IBIT and VOO are valued at $64.27 and $572, respectively. Follow us on X , Facebook and Telegram Don't Miss a Beat â 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 US Crypto Exchange-Traded Funds Beat Out Vanguardâs Legendary S&P 500 ETF in Record-Setting Month of Inflows: Analyst appeared first on The Daily Hodl .
A couple once respected as local celebrities in their community is now charged with running an extensive web of scams that defrauded up to 100 victims of over $4 million. Bollywood singers and socialites Sidhartha âSammyâ Mukherjee and his wife Sunita were arrested in June by federal investigators for first-degree felony theft, CBS reports . Said an alleged victim of the Mukherjees, âThey will make you believe that they are very successful businesspeople⌠But they will take every single penny you have.â The alleged victims say the Mukherjees convinced them to invest in supposedly legitimate real estate deals that were supposed to bring high returns. Ultimately, though, dividend checks from the Mukherjees started to bounce, and many or most of the projects turned out not to even exist. One couple approached seasoned white-collar crime investigator Brian Brennan when they lost $325,000, allegedly to one of the Mukherjeesâ schemes. Says Brennan, âAs I got into the case and dug into it, we realized that this was a lot larger than what initially was reported.â The Mukherjees had convinced multiple alleged victims to invest in lucrative real estate remodeling projects. But, as Brennan began unearthing the Mukherjeesâ banking records and other documents, the detective discovered that the âpermitsâ that the couple had obtained for their remodeling projects were fraudulent, likely fabricated by Sammy on his home computer. ââŚAll of the paperwork, receipt and email correspondence were forged⌠All fake⌠The level of counterfeit documents ⌠it had to be a full-time job for him to do that.â And the coupleâs alleged fraud went beyond real estate, according to investigators. The Mukherjees also created a fake company with made-up employees to apply for federal Paycheck Protection Program (PPP) loans. Feds reportedly asked Sammy Mukherjee if he recognized the names âRichard Jackson,â âNikki Reynoldsâ and âMike Summerville.â Mukherjee said the names didnât ring a bell despite them being listed on a payroll form that he submitted in his PPP loan application. Investigators also found that checks had been deposited into the Mukherjeesâ bank accounts that came âfrom defrauding elderly folks [who were] scammed out of monies responding to threatening emails about arrest.â Says Brennan, âIn [my] 23 years, [Sammy Mukherjee] is probably the most prolific fraudster Iâve seen⌠Tentacles going in all different directions.â In Sammy Mukherjeeâs hometown of Mumbai, India, there are reportedly outstanding fraud warrants for him. Unfortunately, Brennan says the alleged victimsâ money is likely gone, spent on the Mukherjeesâ cars, houses and living expenses. Follow us on X , Facebook and Telegram Don't Miss a Beat â 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 Couple Pulls Off âProlificâ $4,000,000 Fraud With Scams Against The Elderly, Real Estate Schemes, Fraudulent PPP Loans and More: Report appeared first on The Daily Hodl .
Strategy (MSTR), the bitcoin-focused corporate entity formerly known as MicroStrategy, launched its Perpetual Stretch Preferred Stock (STRC) late last month â an offering Executive Chairman Michael Saylor has described as the companyâs âiPhone moment.â The STRC preferred stock has already raised $2.5 billion, and a newly opened $4.2 billion at-the-market (ATM) program could extend its scale even further â offering high-yield dividends backed by bitcoin and designed to appeal to yield-seeking investors. What is STRC, and how does it work? STRC (marketed as âStretchâ) is a variable-rate, perpetual preferred stock designed to deliver stable pricing, strong yield, and easy access for income-focused investors seeking indirect bitcoin exposure. The shares pay a monthly dividendâinitially set at 9% annualizedâbased on a $100 par value. Strategy may adjust that dividend monthly, within rules meant to keep STRC trading close to its $100 target price. Each share of STRC is overcollateralized with bitcoin at a ratio of roughly 5-to-1, meaning that for every dollar of STRC issued, Strategy holds approximately five dollarsâ worth of BTC. The security sits senior to other preferred stocks like STRD, STRK, and the firmâs common equity, but remains junior to debt and the STRF preferred series. Dividends are cumulative and compound if unpaid. Importantly, if any monthâs payment is missed, a dividend âstopperâ activates â preventing payouts to junior securities until STRC is made whole. The stock can be redeemed at the issuerâs option once listed on Nasdaq (which it now is), and it includes a fundamental change put right at liquidation value plus any accrued dividends. The security is engineered to function like a high-yield savings instrument with bitcoin backing â without the volatility of direct crypto holdings or the duration risk of traditional preferreds. Strategy raises $2.5 billion in STRC IPO The companyâs IPO of STRC raised approximately $2.5 billion through the issuance of 28 million shares priced at $90 each. The offering was announced on July 21 and closed on July 29. Proceeds will be used for general corporate purposes, including further bitcoin purchases and working capital. The board of directors declared an initial monthly dividend of $0.80 per share, with payment scheduled for Aug. 31, 2025, to shareholders of record as of August 15. Saylor described STRC as a clean, scalable instrument that solves the constraints of previous capital tools like convertible bonds and complex long-duration preferred shares. The product was designed to appeal not only to institutional allocators but also to yield-seeking retail investors. Inside the $4.2 billion ATM program On July 31, Strategy announced a new sales agreement allowing the company to issue up to $4.2 billion worth of STRC shares through an at-the-market (ATM) offering. This gives Strategy the ability to tap liquidity gradually, adjusting issuance based on market conditions and pricing. Internal guidance suggests that Strategy intends to keep issuance within a narrow band â avoiding sales below $99 or above $101 (before fees), consistent with its target of maintaining a stable $100 trading price. The firm explicitly stated it does not plan to apply this discipline to its other preferred equity programs, reinforcing STRCâs unique positioning. The ATM program allows Strategy to meet capital needs flexibly, support its dividend policy, and scale BTC acquisitions further while preserving shareholder alignment. Why Saylor calls STRC his âiPhone momentâ Michael Saylor sees STRC not just as another capital-raising tool â but as a turning point in corporate finance. During Strategyâs Q2 2025 earnings call on July 31, he called the product his firmâs âiPhone moment,â comparing its potential to the kind of consumer breakthrough that redefined an entire industry. At the heart of Saylorâs vision is STRCâs accessibility. Unlike Strategyâs earlier instruments â such as STRK, STRF, and STRD â which he praised as innovative but too complex or volatile for mass adoption, STRC is designed to function more like a yield-enhanced savings account. âIf I walk down the street and you ask a hundred people, âDo you want a high-yield bank account?â 99 out of 100 say yes,â he said, underscoring the simplicity of the pitch. He believes STRC solves two core problems: it strips away long-term volatility by targeting short duration and low price fluctuation, and it offers a consistent premium over typical bank yields. âWeâve stripped down to a one-month duration and it pays 500 basis points above your bank account,â he said, describing the instrumentâs 9% variable monthly dividend. Importantly, STRC is engineered to trade near par ($100), giving investors peace of mind â especially those sensitive to price swings. Saylor emphasized that previous products lost retail traction when their principal value fluctuated by 5â10%. In contrast, STRCâs goal is to hold close to par even as bitcoin prices move, thanks to its heavy overcollateralization with BTC. âIf Stretch actually hits its par and it trades with low volatility, then you could, in theory, sell a hundred billion dollars of it, two hundred billion dollars of it,â he told analysts. That, he argued, would enable Strategy to massively scale its bitcoin holdings without selling any BTC â effectively using its treasury as collateral to monetize liquidity at retail scale. In Saylorâs view, this combination â simplicity, stability, and yield â is what makes STRC transformational. Just as the iPhone reimagined how users interacted with mobile computing, STRC could redefine how companies tap capital markets in a bitcoin-native way.