More on Circle Internet Group, Inc. Circle: My Bull Case Is Now Broken (Q2 Earnings Review) Circle: Q2 Earnings Not Good Enough Circle: Golden Buying Opportunity Before Earnings Tiger Global takes new stake in Circle, increases position in Amazon in Q2 moves Circle Internet stock shares slide after stock offering launched
Crypto lobbying group the DeFi Education Fund is officially launching its namesake foundation, the company announced in an August 13 press release. DeFi Education Fund Launches New Foundation According to the Wednesday press release , the DeFi Education Foundation will continue the digital asset-focused collective’s crypto advocacy work while giving donors the opportunity to benefit “from charitable giving incentives.” Today, we are thrilled to announce the launch of the DeFi Education Foundation — a nonprofit, 501(c)(3) organization dedicated to furthering DEF’s mission of educating lawmakers about DeFi, protecting software developers, and advocating for sound DeFi policy. pic.twitter.com/Faw5myR7sw — DeFi Education Fund (@fund_defi) August 13, 2025 “We are thrilled to announce the launch of the DeFi Education Foundation (DEF) — a newly launched 501(c)(3) nonprofit dedicated to furthering DEF’s mission of educating lawmakers about DeFi, protecting software developers, and promoting sound DeFi policy,” the press release states. “In-kind crypto donations to DeFi Education Foundation can be a more tax-efficient way to support DEF’s mission,” the organization added, stating that the move will be a “net-positive for many DEF donors.” “We remain unwaveringly focused on our advancing our mission on behalf of the DeFi industry, but with this new entity we have new benefits for our supporters,” the press release states. Navigating Crypto’s Regulatory Landscape News of the foundation’s launch comes the same week that its parent organization announced and a16z submitted proposals to the SEC to the United States Securities and Exchange Commission (SEC) to persuade the federal regulator to create a “safe harbor” for blockchain-powered apps amid regulatory uncertainty. The concern is that the SEC’s past approach could classify blockchain app developers as brokers, imposing burdensome registration and compliance requirements. “Requiring broker registration for neutral apps would force software developers to take on roles and responsibilities they never assumed—acting as gatekeepers, taking custody, and intermediating activity—all of which undermine the benefits of blockchain systems and create new risks for users,” a new blog post on the DeFi Education Fund’s website states. The launch of the foundation underscores the organization’s dual focus on advancing crypto advocacy and providing a tax-efficient way for supporters to back efforts addressing regulatory challenges like the SEC’s broker classification concerns. The post DeFi Education Fund Expands Mission with Official Foundation Launch appeared first on Cryptonews .
BitcoinWorld Massive DOGE Transfer: 900 Million Dogecoin Hits Binance, What’s Next? A seismic event just rattled the cryptocurrency world! Whale Alert, a prominent blockchain tracking service, recently reported a massive DOGE transfer of 900,000,000 Dogecoin. This colossal sum, valued at approximately $208 million, moved from an unknown wallet directly to the Binance exchange. Such a significant Dogecoin transaction naturally sparks curiosity and speculation across the entire crypto market impact landscape. What does this enormous movement mean for Dogecoin and its investors? What Just Happened? Decoding the Massive DOGE Transfer Recently, the crypto community witnessed an eye-popping event. A staggering 900 million DOGE, Dogecoin’s native cryptocurrency, was sent from an unidentifiable wallet to Binance, one of the world’s largest digital asset exchanges. This kind of transaction is often associated with a “whale”—an individual or entity holding a substantial amount of a particular cryptocurrency. The Scale: 900,000,000 DOGE represents a significant portion of Dogecoin’s circulating supply, making this a noteworthy event. The Value: At the time of the transfer, this amount was worth around $208 million, highlighting the immense financial implications. The Destination: Moving funds to an exchange like Binance typically suggests an intent to sell, distribute, or utilize the assets for trading purposes. This Binance DOGE influx could influence market dynamics. Why Does a DOGE Whale Move Matter for Dogecoin Price? When a large holder, or a DOGE whale , moves such a substantial amount of tokens, it often sends ripples through the market. Why? Because these movements can signal potential future actions that might affect the Dogecoin price . While not always indicative of an immediate dump, preparing funds on an exchange gives the whale the option to sell quickly. Historically, large inflows to exchanges have sometimes preceded price volatility. However, it is crucial to remember that a transfer to an exchange does not automatically mean a sell-off will occur. The whale might be: Preparing to sell a portion of their holdings. Moving funds for staking or other decentralized finance (DeFi) activities. Consolidating funds from multiple wallets. Participating in an over-the-counter (OTC) deal, though this is less common for direct exchange transfers. The sheer size of this DOGE transfer means it warrants close observation. Potential Crypto Market Impact and Binance’s Role The ripple effect of such a massive DOGE transfer extends beyond just Dogecoin. It can influence overall market sentiment and contribute to the broader crypto market impact . When a large amount of a popular meme coin like Dogecoin enters an exchange, it can create a perception of increased selling pressure, potentially leading to cautious behavior among other investors. Binance, as a central hub for cryptocurrency trading, plays a pivotal role in this scenario. The exchange handles enormous trading volumes daily, and the addition of 900 million DOGE to its reserves provides substantial liquidity for Binance DOGE trading pairs. This increased liquidity can be a double-edged sword: it facilitates larger trades without significant slippage, but it also means a large sell order could be executed more easily, potentially impacting the Dogecoin price more swiftly. Navigating Volatility: Actionable Insights for Investors In light of this significant DOGE whale activity, what should Dogecoin holders and prospective investors consider? Understanding market dynamics is key to making informed decisions. Here are some actionable insights: Stay Informed: Follow reliable crypto news sources and whale tracking services like Whale Alert for real-time updates. Analyze Context: Don’t react solely to a single transaction. Look at broader market trends, Dogecoin’s fundamentals, and overall trading volume. Risk Management: Never invest more than you can afford to lose. Consider setting stop-loss orders to mitigate potential downside risks. Long-Term vs. Short-Term: Decide if your investment strategy is short-term trading based on volatility or long-term holding. Whale movements often have a more pronounced short-term effect. Diversify: Spread your investments across different cryptocurrencies to reduce exposure to the volatility of a single asset. Every large Dogecoin transaction serves as a reminder that the crypto market is dynamic and can be influenced by significant holders. Conclusion: The Enduring Mystery of the DOGE Transfer The recent 900,000,000 DOGE transfer to Binance is undoubtedly a significant event in the Dogecoin ecosystem and the wider crypto market. While the exact intentions of the DOGE whale remain unknown, such movements highlight the inherent volatility and speculative nature of cryptocurrencies. Whether this leads to a notable shift in Dogecoin price or simply adds to the liquidity on Binance, it serves as a powerful reminder for investors to remain vigilant and informed. The crypto market thrives on information, and understanding these large-scale movements helps us navigate its unpredictable waters. Keep an eye on the charts, and remember to always do your own research. Frequently Asked Questions (FAQs) Q1: What is a “crypto whale”? A: A crypto whale is an individual or entity that holds a very large amount of a particular cryptocurrency, enough to potentially influence its market price with their transactions. Q2: Why is a 900,000,000 DOGE transfer significant? A: This DOGE transfer is significant because of its immense size ($208 million) and its potential to impact Dogecoin’s liquidity and price, especially when moved to a major exchange like Binance. Q3: Does this mean Dogecoin’s price will drop? A: Not necessarily. While a large inflow to an exchange can signal potential selling pressure, the whale might have other intentions, such as consolidating funds or participating in other activities. It does, however, increase the potential for volatility. Q4: How can I track large crypto transactions like this? A: Services like Whale Alert specialize in tracking and reporting large cryptocurrency movements across various blockchains and exchanges. Many crypto news outlets also report on these significant transactions. Q5: What is Binance’s role in this DOGE transfer? A: Binance is the destination exchange, meaning the 900 million DOGE is now available on their platform. This provides significant liquidity for Binance DOGE trading pairs and makes the assets readily accessible for the whale to trade. If you found this analysis insightful, consider sharing it with your network! Help others understand the implications of this massive DOGE whale move by sharing this article on social media. Your shares help us bring more valuable crypto insights to the community! To learn more about the latest crypto market trends, explore our article on key developments shaping Dogecoin price action. This post Massive DOGE Transfer: 900 Million Dogecoin Hits Binance, What’s Next? first appeared on BitcoinWorld and is written by Editorial Team
The Ethereum Foundation doesn’t seem to be easing off its ETH sell-off; the latest was a $31.5 million sale, which could impact the Ethereum price. Without ruling out a possible fluctuation, analysts have been doubling down on DOGE and Unilabs Finance (UNIL) . While the Dogecoin price could go parabolic soon, UNIL is considered the best new crypto to invest in due to its blend of AI, DeFi and TradFi. Is the Ethereum Price Poised for a Pullback? The Ethereum price crossed $4,700 this week, but the Ethereum Foundation has been quietly selling off ETH. According to recent reports , $31.5 million in ETH was sold this week, coinciding with Monday’s record $1 billion in ETF inflows. Is a pullback on the horizon? Following the 30% Ethereum price rally on the weekly chart and a 60% gain over the past 30 days, a correction can’t be ruled out. Moreover, momentum has been declining, as shown by the unimpressive daily trading volume. Additionally, according to IntoTheBlock , there has been a decreasing netflow of $296 million over the past seven days, signaling increasing sales. While the Ethereum price is bound to break out above the 2021 high of $4,891, we might witness a pullback first before a bounce. Is the Dogecoin Price Ready for Its Big Leap? The Dogecoin price soared by 30% over the past month, hovering above $0.25 from a 30-day low of $0.18. Momentum has been rising, evident in the 50% increase in the daily trading volume to $4.28 billion. JMarks, unrelenting in their optimistic Dogecoin price prediction, eyes $1.20 this cycle . If this forecast plays out, the dog-inspired crypto will trade significantly above its 2021 ATH of $0.73, making it a top pick this year. Meanwhile, according to Messari , mindshare is high, suggesting growing investor interest. A retest of $0.28 is expected to push the Dogecoin price above $0.35, a move experts believe could play out in the coming days. Unilabs Finance (UNIL) — What Makes it the Next Big Thing? Unilabs Finance (UNIL) is unique in the sense that it combines three of the most bullish narratives: AI, DeFi and TradFi. At this crossroads, it has been hailed as a game-changer, with its unique offering revolving around a novel AI-backed DeFi asset manager. Moreover, as a presale token, it is significantly undervalued and heavily discounted, currently available at $0.0097 in its sixth ICO stage. With a 415% gain programmed at the listing price of $0.05, it is arguably the best new crypto to invest in—a better alternative than top altcoins with large market caps. Moreover, over $12.8 million has been raised by the team in funding, highlighting massive investor interest. Key features of this decentralized asset manager include a self-custodial asset vault and a cross-chain trading hub (users can trade across multiple blockchains). Hence, it edges out Uniswap, a leading DEX on Ethereum with a $7.5 billion market size and stands out more thanks to its yield-sharing strategy and periodic airdrops. Closing Thoughts While the Ethereum price faces a potential downtrend, the Dogecoin price is poised to explode amid rising momentum. At the same time, UNIL, a fast-growing AI token, is seen as the best new crypto to invest in due to its strong growth potential and connection to traditional finance (TradFi). For more information about Unilabs Finance (UNIL) visit the links below: Buy Presale Website Telegram Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
A coalition of crypto and fintech leaders is pressing U.S. President Donald Trump to prevent banks from imposing new charges on customer data access, warning such fees could undermine innovation and consumer choice. Key Takeaways: Crypto and fintech leaders urged President Trump to block bank fees for customer data access. The dispute centers on Biden’s 2024 open banking rule, which grants free third-party access to bank data. Banks accuse the crypto industry of seeking special treatment and government-backed price controls at their expense. In a letter sent Wednesday , executives accused major banks of attempting to “preserve their market position by imposing exorbitant new ‘account access’ fees” that would make it harder for consumers to connect their accounts to alternative financial products. Signatories included Gemini, Robinhood, the Crypto Council for Innovation, and the Blockchain Association. Crypto Leaders Tell Trump Bank Data Fees Could Cripple U.S. Digital Finance The group argued that these fees would damage the U.S. crypto, artificial intelligence, and digital payments industries, potentially shutting down services that depend on bank connectivity. “Severing this connection will drive innovation offshore and diminish U.S. influence,” the letter stated, linking the issue directly to Trump’s pro-crypto agenda. The dispute stems from an “open banking rule” finalized in October 2024 by the Consumer Financial Protection Bureau under former President Joe Biden. The rule granted customers the right to share their bank data with third-party providers at no cost, a move widely celebrated by crypto companies but opposed by banking trade groups, which sued to block it. Trump initially supported efforts to scrap the rule, siding with banks, but reversed course in late July under lobbying pressure from the crypto industry. His administration has since told a federal judge it will keep the rule in place while working on a revised version. Crypto firms say free data access is essential for integrating bank accounts with their platforms, enabling seamless fiat-to-crypto transfers. Fintech and crypto execs are urging President Trump to stop banks like @JPMorgan from imposing predatory fees that will create new barriers and restrict your ability to control YOUR OWN banking data. It’s part of Big Banks’ plan to consolidate power, crush innovation, and limit… pic.twitter.com/LqGAMOJd1M — Will Hild (@WillHild) August 14, 2025 The letter to Trump argued that bank-imposed fees could “cripple innovative products” and jeopardize on-ramps to the digital asset ecosystem, undermining the president’s goal of making the US a safe harbor for crypto. Banking groups, led by the American Bankers Association, pushed back strongly on Wednesday. They accused the crypto industry of seeking “government price fixing” and demanding special treatment. “The double standard these companies want to perpetuate, where they may charge fees for service while banks are expected to provide the same service to these private companies for free, is absurd,” the ABA said in a statement. The ABA framed the letter’s signatories as “middlemen” trying to leverage Biden-era policies “for personal profit” while benefiting from banks’ significant investments in data security. Trump Administration Pushes Pro-Crypto Agenda The Trump administration advanced its pro-crypto agenda this week with a series of policy and regulatory moves. President Trump signed an executive order urging regulators to remove barriers that prevent 401(k) plans from including alternative assets such as cryptocurrencies. If implemented, the reforms could allow millions of Americans to allocate retirement funds to Bitcoin and other digital assets through regulated channels. Trump also nominated economist Stephen Miran , a digital asset advocate, to the Federal Reserve Board of Governors, signaling continuity in his administration’s pro-crypto stance. The post Crypto Executives Ask Trump to Block Bank Fees for Customer Data Access appeared first on Cryptonews .
Summary Bullish offers a unique automated market maker platform, aiming to provide deep liquidity and near-zero spreads for institutional crypto traders. The company holds a significant Bitcoin treasury and operates CoinDesk, adding value beyond its core exchange business. Despite strong fundamentals, the technical chart looks weak post-IPO, with potential for further downside unless volume increases and key resistance is broken. Given current price action and IPO history, I recommend holding BLSH for now and waiting for a potential retest of lower support levels. Introduction If you missed the Circle Internet Group ( CRCL ) IPO earlier this year, don't worry, there's a new, shiny crypto-related stock in town: Bullish (BLSH). I love watching these stocks when they debut, which BLSH did on Wednesday the 13th (yesterday as of time of writing), because they tend to rocket up on their launch and then sell off later. It's a typical pattern we can watch over and over. Remember Coinbase's ( COIN ) IPO? That was mild, but followed the pattern many "hot IPOs" end up in. Data by YCharts And Circle earlier this year. Data by YCharts There are other examples, like the announcement of Upexi ( UPXI ) converting to a crypto treasury company, which caused the 600% jump before the sell-off. Data by YCharts The question isn't whether folks made money on these — some did and some didn't. It depends on where you bought in. No, the question is: should you buy in on Bullish now, considering it's in the middle of this movement? Bullish The Company Here is the Bullish timeline, from their founding in 2021 to the IPO: Bullish BLSH operates a crypto exchange as their primary business, but it has an edge, so to speak. It operates an automated market maker, or "AMM," which is effectively an algorithm that works to collect bids and asks from across the exchange to provide "deep liquidity," to use their marketing. They claim to have near-zero spreads even during times of volatility, which would make trading crypto on the platform very similar to trading stocks with most large brokers. Here's their direct marketing on the subject: Our proprietary Automated Market Maker (AMM) efficiently converts liquidity that is exclusively available on Bullish in the form of Automated Market Making Instructions into thousands of bids and offers. Once placed, these bids and offers create more predictable depth across varying market conditions. Bullish’s AMM evolves and improves upon the constant product market maker model (xy=k) often seen in DeFi. This makes Bullish more reliable and efficient than other exchanges—centralized or decentralized. Liquidity on Bullish is derived from customer assets in the form of AMM Instructions. This feature enables customers to seamlessly make markets on the Bullish Order Book by allocating their assets within specified trading parameters. Upon submitting an AMM Instruction, the Bullish AMM instantaneously generates thousands of individual bids and offers. As other market participants trade against these bids and offers, the customer who initiated the AMM Instruction can receive AMM payments through trading fees, spreads, and dynamic price adjustments when trades are matched against those specific bids and offers. The AMM works with tokens and derivatives, and can take custom instructions from institutional users on the Bullish platform. They claim to be able to take the limit order book, which looks like a jagged whipsaw, and create a smoother system without large spreads between bids and asks, which creates the staircase pattern in traditional books. While Bullish operates both books, the AMM book is their unique spin on it, and they claim it more reliable and efficient than other exchanges. Bullish Why does this matter? For most investors, it doesn't. For traders, and those traders interested in illiquid crypto token trading, this could make a huge difference and is actually a selling point. It's also a big selling point for many crypto hedge funds and large private traders (non-reporting smart money traders or "whales" in crypto-speak) which currently operate through other institutional exchanges that don't have the same systems, such as Coinbase, or through decentralized exchanges, which are far more prone to attracting bad actors. Both have their pros and cons, but Bullish is working on creating an exchange that combines the pros of institutional, centralized exchanges that are audited with the AMM of a decentralized exchange. Market share is the name of the game in the business of running an exchange, and so having an edge in bid/ask spreads, liquidity, and execution is critical. It's unclear yet, because Bullish is so new (founded in 2021), whether it is attractive enough to gather and hold onto assets. Gathering is one thing, keeping it is another. For now, the numbers in trading volume and liquidity look good and make them competitive with other exchanges in the marketplace. Bullish They own more than an exchange; they also operate CoinDesk, a crypto information service likely familiar to most investors in the cryptocurrency space. It's unclear to me how large the fees generated on the AUM are, but $41B is nothing to sneeze at, and index licensing fees can be expensive. Bullish They Have a Treasury The market loves crypto treasury companies, and it makes sense. This is the Strategy ( MSTR ) playbook: take out debt and convert operations cash into cryptocurrencies. Hold said cryptocurrencies. It's done really well for MSTR, to be fair. Data by YCharts Bullish doesn't seem to be using debt in the same way that MSTR is, but it is still hoarding a pile of Bitcoin ( BTC-USD ) for itself, with a market value around $2.8B assuming their pile is still around the 24,000 mark, but that was in Q1. Bullish That accounts for at least a third of BLSH's current market cap, not accounting for any premium given to the holdings, which is likely also present in propping up the nearly $10B BLSH now sits at after its IPO. Bullish Technical Analysis Let's take a look at BLSH's chart so far, now that it's been one full day from IPO, to the minute. Barchart Consolidation, the last low that set the new support floor, coincided with the lower Bollinger band (white) at the 70 level at the end of the day on IPO day. Now the 50 EMA (yellow) has set an upper ceiling, resistance at 82. Breaking down through the lower band with bearish momentum on both the MACD and PPO signal more weakness ahead. A base could form around the 70 mark again, unless we see volume increase significantly. This chart looks a little ugly right now, and I see us breaking down further unless BLSH can break above the 79 level on high volume. That would signal the potential to retest at the 82 level. That early volume may have been institutions like Ark Invest, who bought $2.5M shares , as well as frenzied traders trying to get in. The latter are the ones shaking out now, as the price falls on low volume. The frenzy is dying out, and more volume will be needed to push this stock any higher than it already is. If we see a break below 70, watch out for further pain. There's a reason it was priced at IPO at $32 and not the $118 peak it hit. The market may not be able to sustain that much hype. This is a stock that I am fundamentally bullish on, but the technicals are too ugly to walk in now. The chart, and the history of similar IPOs before this, say to wait it out and see for a retest of the 70 level in the coming days. Conclusion Ultimately, I have no doubt that traders both long and short have made money on Bullish so far. It is a business that, if their claims are true, may change the way institutional crypto traders operate, and could suck volume out of the decentralized exchanges — something Coinbase and other competitors have not been able to do. The edge Bullish's business has in its operations makes me bullish on it, but its price seems too high currently, still driven up by frenzied trading and infamous investors like Cathie Wood over at Ark Invest. We likely have more room to the downside in front of us, but I see another bottom forming soon before volume picks up. If volume doesn't pick up, it's likely that BLSH will have the strength to get back above $80 anytime soon. For that reason, it's a hold. I'll revisit this soon, in case that changes as the market plays out. Thanks for reading.
Tron (TRX) still draws attention for its mature ecosystem, but analysts say the faster upside may sit with Ruvi AI (RUVI). The audited AI token is sprinting through its presale after a CoinMarketCap (CMC) partnership and listing put it on thousands of watchlists. Phase 2 has already surpassed 85% at $0.015, with a programmed 33% jump to $0.020 in Phase 3 and a final presale price set at $0.070. For investors hunting time-bound catalysts and real utility, RUVI is making the stronger case. Why capital is rotating to RUVI $2.9M raised, signaling strong early demand 230M tokens sold with a holder base above 2,800 CyberScope audit completed (independent third party) WEEX partnership to boost visibility and simplify trading CMC listing driving discovery and accelerating allocations Live leaderboard giveaway adding extra incentives These milestones, traction, trust, and access, often precede sharp re-ratings in emerging tokens. CMC listing that converts attention into allocations Visibility without structure rarely moves markets. RUVI’s CMC presence arrived as Phase 2 crossed 85% completion, compressing the decision window for buyers. The price path is transparent: $0.015 now, $0.020 in Phase 3 (+33%), then $0.070 after the presale concludes. That clarity reduces guesswork and encourages earlier entries, a key reason the presale pace has accelerated. Real utility: a creator-first AI super app RUVI’s appeal isn’t just narrative, it’s product-led. The Ruvi AI super app centralizes the full content workflow so creators and teams can ship more with fewer tools: Research live trends to spot topics with demand Generate platform-ready scripts tailored to voice and channel Create images and videos natively, no app-hopping Automate workflows to plan, iterate, schedule, and publish faster Who benefits? YouTubers, TikTokers, brands, agencies, and lean teams that care about speed, consistency, and lower tool costs. By tying token demand to day-to-day usage, RUVI aligns with durable AI adoption rather than short-lived hype. Credibility and access: audit plus exchange alignment Early participants want safeguards and liquidity routes. RUVI passed a CyberScope audit, adding independent validation to its smart contracts. On access, the WEEX partnership improves visibility and simplifies trading as liquidity develops. Together, these signals help de-risk early participation for both retail and larger allocators. Programmed catalysts create urgency Phase 2 >85% at $0.015 Automatic 33% move to $0.020 in Phase 3 Final presale price fixed at $0.070 These steps offer defined spreads for those who position early, and with CMC-driven discovery compounding, waiting often means paying the next bracket’s price. Extra incentives: leaderboard and VIP tiers RUVI’s live leaderboard giveaway rewards top contributors with additional tokens, timed to amplify momentum as Phase 2 nears completion. For larger allocations, VIP tiers model potential outcomes at a hypothetical $1 token valuation: VIP 2 ($750 investment): Receive 70,000 tokens with a 40% bonus (20,000 additional tokens). At $1 valuation, this equals $70,000, resulting in a 9,233% ROI. VIP 3 ($1,500 investment): Secure 160,000 tokens with a 60% bonus (60,000 additional tokens). At $1, this equals $160,000, delivering a 10,566% ROI. VIP 5 ($7,500 investment): Unlock 1,000,000 tokens, boosted by a 100% bonus (500,000 additional tokens). At $1, this equals $1,000,000, achieving a 13,233% ROI. These examples show how presale bonuses can magnify upside if adoption and liquidity keep scaling. TRX stability vs. RUVI’s near-term upside Tron offers a mature network, but the sharper, time-bound setup appears to be RUVI’s. With Phase 2 already beyond 85% at $0.015, a scheduled jump to $0.020 for Phase 3, and a $0.070 final presale price, the path is clear. Add a completed CyberScope audit, a WEEX partnership, CMC-fueled visibility, and a creator-focused AI super app, and you have a newcomer that checks the boxes analysts look for when calling the next high-growth play. If you’re aiming to catch momentum before the bracket resets, RUVI deserves a hard look now. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register
U.S. PPI data exceeding expectations triggered a significant sell-off in the crypto markets. Continue Reading: Crypto Markets Experience Turbulence as Inflation Concerns Soar The post Crypto Markets Experience Turbulence as Inflation Concerns Soar appeared first on COINTURK NEWS .
Following recent market movements, the cryptocurrency assets held by the US government attracted attention. According to the data, the total value of US crypto assets stands at $24.29 billion, the vast majority of which is Bitcoin, with 198,022 BTC worth approximately $23.44 billion. The government’s portfolio also includes 347.44 million USDT, 59,951 ETH ($273.6 million), 750.7 WBTC ($88.81 million), 40,293 BNB ($33.93 million), and various altcoins. The full list of US altcoin holdings is as follows: Tether (USDT) – $347.45 million Ethereum (ETH) – $273.60 million Wrapped Bitcoin (WBTC) – $88.81 million Binance Coin (BNB) – $33.93 million Wrapped Ethereum (WETH) – $23.75 million Wrapped BNB (WBNB) – $18.66 million Binance USD (BUSD) – $13.49 million Aave USDC (AUSDC) – $13.47 million USD Coin (USDC) – $11.57 million Dai (DAI) – $8.66 million Tron (TRX) – $5.47 million Uniswap (UNI) – $3.29 million Chainlink (LINK) – $2.26 million Render Token (RNDR) – $1.05 million Aave (AAVE) – $1.04 million The Sandbox (SAND) – $954.07 thousand Band Protocol (BAND) – $724.19 thousand Shiba Inu (SHIB) – $709.82 thousand FTX Token (FTT) – $503.74 thousand Maker (MKR) – $460.42 thousand Nexo (NEXO) – $440.15 thousand Kyber Network Crystal (KNC) – $303.81 thousand Mask Network (MASK) – $165.94 thousand iExec RLC (RLC) – $145.44 thousand Curve DAO Token (CRV) – $143.68 thousand Aergo (AERGO) – $118.94 thousand Power Ledger (POWR) – $106.74 thousand US Treasury Secretary Scott Bessent recently made it clear to Fox Business that the government will not be purchasing Bitcoin to add to its existing reserves. Related News: US Treasury Secretary Scott Bessent Makes Additional Bitcoin Statements - He Had Spoken Negatively Today “We will not buy,” Bessent said, adding that the strategic Bitcoin reserve, put in place by President Donald Trump in March, will only be increased through legal seizures. For months, the Trump administration has been touting the possibility of the government purchasing Bitcoin. This prospect excited investors, anticipating both the potential legitimacy it could provide to the cryptocurrency in the eyes of the government and the potential deflationary impact of large-scale purchases on Bitcoin's price. However, Bessent's latest statement has put that hope on hold for now. *This is not investment advice. Continue Reading: Following Recent Developments, How Much Bitcoin and Altcoin Does the US Government Have?
Are we seeing the calm before Bitcoin’s next explosive rally?