Peter Schiff maintains that investors should consider swapping Ethereum (ETH) for Bitcoin (BTC), citing long-term market dynamics despite ETH’s recent rally. Peter Schiff’s conviction in BTC over ETH remains strong
Even without holding crypto, Peter Schiff is confident Bitcoin will outshine Ethereum- Here's why.
Bo Hines, executive director of President Donald Trump’s White House Crypto Council, has announced his departure to return to the private sector. Key Takeaways: Bo Hines is stepping down as executive director of the White House Crypto Council. During his tenure, the council advanced US crypto policy but fell short on its strategic Bitcoin reserve plans. Hines proposed revaluing US gold holdings to fund Bitcoin purchases without increasing public spending. Hines, appointed in December 2024, confirmed the move on Saturday , expressing gratitude to the crypto community and crediting his collaboration with AI & Crypto Czar David Sacks for helping “position America as the crypto capital of the world.” A successor has yet to be officially named, though independent reporter Eleanor Terrett suggested deputy director Patrick Witt is the leading candidate. Hines-Led Council Shaped US Crypto Policy With July Regulatory Plan Under Hines’ tenure, the council played a key role in shaping US crypto policy, including a July report outlining a regulatory action plan for digital assets. However, the group faced criticism for falling short on its strategic Bitcoin reserve initiative. In January, President Trump signed an executive order establishing both a national crypto stockpile and a strategic Bitcoin reserve. The order prevents the government from selling its BTC holdings and requires “budget-neutral” methods to acquire more, meaning no additional public spending. New BTC can only be obtained through asset seizures or other non-budgetary avenues. Hines proposed one such method in March, suggesting the US revalue its gold holdings, currently on government books at $42.22 per troy ounce, closer to the spot market price of around $3,400. He argued that a portion of the revaluation gains could be converted into Bitcoin, expanding the reserve without increasing public expenditure. “As I return to the private sector, I look forward to continuing my support for the crypto ecosystem as it thrives here in the United States,” Hines wrote. Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m… — Bo Hines (@BoHines) August 9, 2025 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 announcement coincided with Bitcoin climbing back above $117,000, highlighting the link between policy developments and market sentiment. In a separate executive order, Trump moved to end “debanking” practices that target lawful crypto firms. The Blockchain Association praised the measures as a “historic shift” that would expand consumer choice, empower wealth-building, and reduce operational barriers for blockchain businesses. The SEC added to the positive momentum by clarifying that certain liquid staking models, such as those involving receipt tokens like stETH, are not securities. SEC Chair Paul Atkins reinforced his commitment to keeping crypto innovation in the U.S., pledging a proactive approach to regulation and a shift away from enforcement-led policymaking. The post White House Digital Assets Adviser Bo Hines Steps Down, Returns to Private Sector appeared first on Cryptonews .
After rebounding from the August low of $35.53, HYPE price is consolidating at $43.57 ahead of August 11. The market faces a decisive resistance at $44.40, which aligns with the 0.618 Fibonacci retracement and a daily supply zone. Price action over the next 24 hours will depend on whether buyers can break this barrier and target $46.81 or if sellers regain control to force a retest of nearby supports. What’s happening with Hyperliquid’s price? Hyperliquid price dynamics (Source: TradingView) On the daily timeframe, HYPE price today has broken above a descending trendline from the July high but remains capped by $44.40. Beyond this, the $46.81 (0.786 Fib) and $49.88 swing high are the next resistance levels. Support rests at $42.72 (0.5 Fib), $41.03 (0.382 Fib), and $38.48, the level of the last major Change of Character (CHoCH) in the Smart Money Concepts (SMC) chart. The Parabolic SAR on the daily sits at $36.41, marking a key invalidation zone for higher-timeframe longs. Hyperliquid price dynamics (Source: TradingView) SMC analysis shows a weak high between $44.40 and $49.88, suggesting liquidity sits above these levels. A confirmed Break of Structure (… The post Hyperliquid (HYPE) Price Prediction for August 11 appeared first on Coin Edition .
The ongoing speculation about an XRP ETF persists, even after BlackRock publicly stated it has no current plans for one. Analysts remain optimistic about future approvals. BlackRock’s spokesperson confirmed no
Ripple has completed its August monthly XRP unlock after some speculation about whether it would eventually come
Making optimistic statements about the future of Ethereum, Bitmine Director Tom Lee announced that his company's strategic goal is to acquire 5% of the total ETH supply. In an interview with Bankless, Lee stated that Ethereum is one of the biggest macro investment opportunities of the next decade. Lee argued that the Ethereum price is still at low levels and its potential is higher than Bitcoin, saying, “Bitcoin traded sideways for most of 2017, but exploded at the end of the year. Ethereum is at a similar point right now.” Related News: Ethereum Begins Major Rally, One of Its Founders Sells Again - Here Are the Details Lee, who said that the company is aggressively purchasing ETH at around $3,500, predicted that the price could reach at least $4,000 in the short term and the $7,000-$15,000 range by the end of the year. Lee highlighted Bitmine's strong balance sheet and high liquidity, noting that they have a daily trading volume of $1.6 billion, which directly accelerates growth in the sector. He emphasized that Ethereum reserve strategies are not just an alternative to ETFs but a critical infrastructure for the ecosystem, adding that additional income can be generated through staking revenues and other methods. *This is not investment advice. Continue Reading: Tom Lee, Who Is Said to Be Behind the Ethereum Rally, Reveals His Latest Predictions About ETH
Why BlackRock could still file for XRP ETF after saying it won't
Economist and crypto critic Peter Schiff recently gave a surprising endorsement for bitcoin donations to Ron Paul, who celebrated his 90th birthday on August 9. In a post on X, Schiff stated that such donations are “actually something useful” because the Ron Paul Institute can simply convert the cryptocurrency to fiat currency and “put it
Bitcoin is at risk of crashing if the Nasdaq 100 index faces a significant correction, according to economist Henrik Zeberg, who cites market bubbles as a concern. Bitcoin and Nasdaq