Apple pledged an extra $100 billion to U.S. manufacturing as Trump threatens tariffs on foreign-made chips.
As the market cools off, savvy investors are eyeing strategic entries before the next major leg up. With Ripple’s banking initiative nearing launch and a potential XRP ETF approval looming, the crypto landscape is primed for movement. Seasoned traders know that dips often present the best buying opportunities—especially when paired with strong catalysts. Among the altcoins gaining attention, MAGACOIN FINANCE has quietly emerged as a sleeper pick . Still in its presale stage, this low-cap project is drawing early comparisons to top performers from previous cycles. XRP’s ETF Catalyst and Bank License Fuel Buying Interest XRP has been regaining momentum as Ripple inches closer to resolving its long-running legal standoff with the U.S. SEC. A $50 million settlement is reportedly in the works, which would clear the path for institutional XRP sales. More significantly, rumors of an XRP ETF filing by BlackRock and other asset managers are ramping up. At the same time, Ripple’s push to secure a banking license is being viewed as a game-changing move. Analysts believe these developments could send XRP back toward the $3 range, with any ETF approval likely triggering a major rally akin to the Bitcoin ETF surge earlier this year. The Altcoin that Draws Early Whales Before Major Listings While large caps like XRP and ADA attract institutional buzz, MAGACOIN FINANCE is making waves in the high-ROI altcoin space. Currently in presale, the project has already recorded explosive early growth, with analysts projecting a potential 25x return if momentum continues. The MAGACOIN ecosystem is designed to blend meme coin virality with real-world utility, offering a hybrid approach that’s drawing strong community support. Investors are rushing to secure presale allocations before listings begin, citing similarities to early-stage PEPE and Shiba Inu—with a more strategic roadmap in place. ADA Still Trading Far Below All-Time Highs—But Not for Long Cardano (ADA) has seen relatively quiet price action, but under the surface, excitement is building. The upcoming Midnight airdrop—a privacy-focused sidechain—is driving renewed interest in ADA holders. Historically, major network developments like this have preceded price rallies. Despite past underperformance compared to other top ten assets, ADA remains well below its all-time high near $3. Given its current positioning, any surge in usage or airdrop speculation could unlock a strong recovery, making ADA a solid mid-cap hold during this dip. Conclusion Market pullbacks often separate the emotional traders from the strategic ones. With XRP nearing a resolution, ADA gearing up for airdrop momentum, and MAGACOIN FINANCE blazing through its early stages with explosive projections , this dip may not last long. The smart money is already positioning. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Top 3 Cryptocurrencies to Buy During the Dip
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As part of an initiative to internationalize the renminbi (Chinese Yuan) and enhance its competitiveness against the US dollar, China is poised to launch its first stablecoin. Meanwhile, the US is making significant progress toward its mission of becoming the crypto capital of the world. Despite this ambitious plan, concerns about potential capital flight are reportedly hindering the rapid advancement of stablecoin technology within the country. China Explores Stablecoin Initiatives According to a report from the Financial Times, Hong Kong has emerged as a testing ground for cryptocurrency, particularly given the strict bans on the mainland. Recently, the territory passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has taken a cautious stance, indicating that only a limited number of licenses will be issued starting next year. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back Policymakers in China have increasingly turned their attention to stablecoins, recognizing the growing dominance of dollar-backed tokens in the global economy. The central bank governor, Pan Gongsheng, noted in a June speech that stablecoins have “fundamentally reshaped the traditional payment landscape.” However, the Chinese government faces a delicate balancing act; while it seeks to enhance the global standing of the renminbi, it must also maintain stringent controls over its financial system. Recent discussions among financial regulators have centered on the implementation of stablecoin projects, emphasizing that any such initiative must align with China’s unique national conditions. Yet, experts have cautioned that the risks associated with capital outflows could pose significant challenges. Interest Grows In Hong Kong Rebecca Liao, CEO of Saga, a company focused on blockchain infrastructure, articulated the complexities of adopting stablecoin technology, highlighting that it cannot be completely controlled by central authorities. This concern has contributed to Hong Kong’s slower progress in developing a thriving stablecoin market, especially when compared to the rapid growth observed in the United States. The HKMA has voiced apprehensions about the potential use of stablecoins in money laundering, emphasizing the need for stability and control in its new regulatory framework. As such, initial stablecoin programs in Hong Kong are expected to focus on business-to-business applications, limiting their broader adoption. Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings The report emphasizes that interest in stablecoins is also growing among Chinese state-owned enterprises, particularly in the context of payment and settlement solutions. Multiple state-owned companies with operations in Hong Kong are reportedly looking to apply for stablecoin licenses, although only one of China’s four major state-owned banks is expected to receive a license from the HKMA in this initial phase. The HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a move that could further facilitate cross-border payments—an area of increasing importance for China. Featured image from DALL-E, chart from TradingView.com
Bakkt Holdings (BKKT), a key player in the crypto services sector, has announced a strategic move to acquire approximately 30% of the outstanding shares of MarushoHotta Co., Ltd. (MHT), a company listed on the Tokyo Stock Exchange (TSE). This massive acquisition, facilitated through a share purchase agreement with metallurgical company RIZAP Group, Inc., positions Bakkt as the largest shareholder of MHT. Incorporating Bitcoin Into MHT’s Treasury Management Plans As announced on Wednesday, part of this transaction will see Phillip Lord, the President of Bakkt International, assume the role of Chief Executive Officer at MHT. Under his leadership, MHT plans to incorporate Bitcoin (BTC) and other digital assets into its treasury management strategy. Furthermore, Bakkt has secured the domain name www.bitcoin.jp , which, pending approval from MarushoHotta’s shareholders, is set to become the new identity for the company. In a statement, Akshay Naheta, co-CEO of Bakkt, expressed enthusiasm for the opportunity, citing Japan’s regulatory environment as a favorable landscape for developing a Bitcoin-centric business model. He emphasized the intention to collaborate closely with MHT’s team to seamlessly integrate Bitcoin into their operational and financial framework , aiming to establish MHT as a foremost Bitcoin treasury company: Japan’s regulatory environment creates an ideal platform for a Bitcoin-centered growth business. We look forward to working with MHT’s team to integrate Bitcoin into their operating and financial model and to establish MHT as a leading Bitcoin treasury company. Bakkt Faces Setbacks As Stock Drops This acquisition aligns with Bakkt’s broader strategy to enhance its Bitcoin holdings. Recently, the company announced plans to raise up to $1 billion through various securities offerings, a move that reflects a growing trend among publicly traded companies to bolster their cryptocurrency reserves. The proposed offering includes shares of Class A common stock and pre-funded warrants, with underwriters being given a 30-day option to purchase an additional 15% of the shares sold, allowing for potential over-allotments. However, the timing, size, and terms of the offering remain contingent on market conditions. Despite these ambitious initiatives, Bakkt has encountered challenges. In March 2025, the company’s stock, BKKT , experienced a significant drop of 30% following news that two major clients, including Bank of America, would not be renewing their financial agreements with Bakkt. As of this writing, BKKT’s valuation closed Wednesday’s trading session at $9.77, up 2.5% for the day. However, the stock is trading over 70% below this year’s high of $31. Looking at a longer time frame, BKKT reached a record high of $1,271 in November 2021, which is nearly a 100% gap, further highlighting the firm’s challenges in recent years. Featured image from DALL-E, chart from TradingView.com
Can ETH reclaim $3,900 without ETF inflows?
Indonesia and Brazil are taking a bold step toward modernizing their economic strategy by exploring the inclusion of Bitcoin in their national reserves. In a high-level meeting with Vice President Gibran Rakabuming Raka’s office, representatives from Bitcoin Indonesia presented a detailed proposal outlining how the country could use surplus renewable energy to mine and accumulate Bitcoin as part of a long-term economic development plan. Indonesian Bitcoin (BTC) Reserve Move Despite stringent crypto tax policies and a nationwide ban on using crypto for payments, Indonesian officials are reportedly receptive to the idea of a Bitcoin reserve for the economy. A key component of the discussion involved the importance of public education, with Bitcoin Indonesia advocating for awareness programs to improve understanding of Bitcoin’s economic potential. The group also shared macroeconomic projections, including Michael Saylor’s bullish forecast of Bitcoin reaching $13 million by 2045. With a stable inflation rate of 0.76% and a debt-to-GDP ratio of just 39%, Indonesia’s interest in Bitcoin is not driven by economic desperation but rather by a strategic vision to diversify its reserves and leverage untapped geothermal and hydroelectric energy for sustainable mining. Brazil Moves Forward with Crypto Reserve Legislation While Indonesia explores its options, Brazil is already advancing a national conversation on Bitcoin reserves . The country’s House of Representatives is scheduled to hold a public hearing on August 20 to debate a bill that could allow up to 5% of its treasury, approximately $15 billion, to be allocated to Bitcoin. Six key institutions, including Brazil’s central bank and finance ministry, will participate in the discussions. Though the bill faces opposition from some financial authorities, Vice President Geraldo Alckmin’s office has endorsed it as being in the national interest. This marks Brazil’s first-ever public hearing on crypto reserves and underscores a growing global shift toward the institutionalization of Bitcoin. A Global Trend Toward Sovereign Bitcoin Holdings Indonesia and Brazil join a growing list of nations, including the United States, Ukraine, Bhutan, and Kazakhstan, that are actively exploring Bitcoin as a strategic reserve asset. While motivations vary, from hedging against inflation to modernizing financial infrastructure, the trend is clear: sovereign Bitcoin reserves are no longer a fringe idea. As more governments assess the potential of digital assets, Bitcoin’s role in national economic strategies appears poised to grow significantly, signaling a transformative era in global finance. Cover image from ChatGPT, BTCUSD chart from Tradingview
Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week. As of today, ETH trades at approximately $3,598, reflecting a 1% decrease in the past 24 hours. This pullback follows months of mixed price action across the market, as traders balance optimism over long-term fundamentals with short-term risk management. New insights from on-chain data suggest heightened market activity surrounding Ethereum despite its failure to reclaim the $4,000 mark. Analysts point to unprecedented levels of Open Interest (OI) in Ethereum futures contracts, combined with record daily transactions on its network. While this signals growing participation and network adoption, it also raises concerns about potential volatility if market sentiment shifts abruptly. Related Reading: Ethereum Price Falters Above $3,700 – Is a Pullback Brewing? Ethereum Open Interest Hits All-Time High CryptoQuant analyst CryptoOnchain reported that Ethereum’s OI on Binance has recently reached a record-breaking $77 billion. Open Interest measures the total number of outstanding derivative contracts, providing insight into market activity and trader participation. The surge suggests that more capital is entering ETH futures markets, potentially setting the stage for significant price movements. This rise in OI coincides with Ethereum reaching its highest daily transaction count ever recorded. Analysts link this spike in activity to increased engagement in decentralized finance (DeFi), growth in layer-2 scaling solutions, and broader adoption of Ethereum-based applications. CryptoOnchain noted that such developments “highlight growing participation and user engagement,” adding that this type of market buildup often precedes sharp price trends, either upward or downward. However, this accumulation of leveraged positions carries risk. If price movements turn unfavorable for the majority of open contracts, a wave of liquidations could occur, amplifying volatility. This has been a recurring theme in the cryptocurrency market, where leveraged positions can trigger cascading sell-offs during sudden price corrections. Bearish Signals Emerge from Market Order Activity Another CryptoQuant analyst, Maartunn, highlighted a different indicator that reflects short-term market pressure on Ethereum. According to his data, Net Taker Volume for ETH stood at -$418.8 million daily. This figure represents roughly 115,400 more ETH sold via market orders than bought, indicating a clear imbalance in favor of sellers. Market orders, unlike limit orders, execute trades immediately at the best available price. A sustained negative Net Taker Volume often signals urgency among sellers, potentially foreshadowing further downside if buy-side demand fails to absorb the selling pressure. Maartunn explained that “such behavior indicates participants were willing to prioritize execution speed over price,” typically a bearish market sign. Related Reading: Ethereum Consolidation Deepens As Taker Buy/Sell Ratio Hits One Of The Lowest Levels This Year Ethereum’s price action remains constrained below its psychological $4,000 resistance level. Despite strong on-chain activity, the divergence between network fundamentals and price performance shows a period of indecision for ETH. Featured image created with DALL-E, Chart from TradingView
Acacia collaborates with Unchained and Build Asset Management for Bitcoin-collateralized loan strategies. The partnership emphasizes using Bitcoin as reliable collateral. Continue Reading: Acacia Research Drives Innovation with Bitcoin-Collateralized Loans The post Acacia Research Drives Innovation with Bitcoin-Collateralized Loans appeared first on COINTURK NEWS .