BitcoinWorld USDC Withdrawals: Binance Announces Crucial Temporary Suspension for Network Maintenance Exciting news often dominates the crypto space, but sometimes, important operational updates take center stage. Crypto users are currently buzzing about a significant announcement from Binance regarding USDC withdrawals . The world’s largest crypto exchange, Binance, recently informed its users about a temporary suspension of USDC withdrawals on several popular blockchain networks. This move is a direct result of scheduled wallet maintenance, a routine but crucial part of ensuring the platform’s stability and security. Why Are USDC Withdrawals Temporarily Paused on Binance? Binance announced on its official website that it will temporarily suspend USDC withdrawals across five prominent networks. These include Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP). The suspension is set to begin at 07:00 UTC on August 6. The primary reason for this temporary halt is scheduled wallet maintenance. Think of it like essential roadwork – inconvenient for a short period, but vital for long-term smooth operation. Ethereum (ETH): A foundational blockchain, widely used for DeFi and NFTs. Polygon (POL): A popular Layer-2 scaling solution for Ethereum, known for lower fees. Arbitrum (ARB): Another leading Layer-2 solution, enhancing Ethereum’s scalability. Base (BASE): Coinbase’s new Ethereum Layer-2, gaining traction. Optimism (OP): A robust Layer-2 scaling solution for Ethereum, focusing on speed and cost-efficiency. This proactive step by Binance highlights its commitment to maintaining a secure and efficient trading environment. Such planned maintenance activities are standard practice within the industry to upgrade systems, enhance security protocols, and improve overall service reliability. While a temporary inconvenience, it ultimately benefits users by ensuring the integrity of their assets. Understanding the Impact of Binance USDC Suspension A temporary Binance USDC suspension might raise questions for users, but it is important to understand its nature. This is not a halt to all USDC transactions on Binance, but specifically withdrawals on the listed networks. Users can still trade USDC on the exchange and potentially withdraw via other available networks if supported. However, for those relying on these specific chains for their USDC movements, planning is key. The impact is largely limited to the withdrawal function for a specific stablecoin on particular networks. It is a brief pause, not a permanent change. Binance aims to complete this wallet maintenance efficiently, restoring full withdrawal capabilities as soon as possible. Keeping an eye on Binance’s official announcements will provide the most accurate updates regarding the resumption of services. This event serves as a reminder for all crypto users about the importance of diversification in their asset management strategies. Relying on a single network or exchange for all operations can sometimes lead to temporary disruptions. Always consider having multiple avenues for managing your digital assets. Navigating Stablecoin Withdrawal Issues: What Users Should Know When facing stablecoin withdrawal issues , staying calm and informed is crucial. First, always check the official announcements from the crypto exchange. Binance, for instance, communicates such updates clearly on its website and social media channels. During periods of wallet maintenance Binance undertakes, it’s best to avoid initiating withdrawals on the affected networks to prevent potential delays or complications. Here are some actionable insights: Stay Updated: Regularly check Binance’s official announcements page or their social media for real-time updates on the maintenance status. Consider Alternatives: If urgent USDC transfers are needed, explore if Binance supports withdrawals on other networks not affected by this maintenance. Alternatively, consider converting USDC to another stablecoin or cryptocurrency that is available for withdrawal on your preferred network, if that aligns with your strategy. Plan Ahead: For future transactions, be aware that scheduled maintenance can occur. Planning your withdrawals in advance can help avoid last-minute inconveniences. These temporary measures are a testament to the dynamic nature of the digital asset landscape. A proactive approach from a leading crypto exchange updates its infrastructure to ensure long-term stability and security for its users. What Does This Mean for the Future of Crypto Exchange Updates? This incident underscores the ongoing need for crypto exchanges to perform regular maintenance. As blockchain technology evolves, so too must the infrastructure supporting it. Such planned downtimes are a sign of a mature platform committed to security and efficiency. Users can expect more transparent communication around these events, which helps build trust and understanding within the community. It reinforces the idea that even in the fast-paced world of crypto, careful and deliberate operational management is paramount. In conclusion, Binance’s temporary suspension of USDC withdrawals on select networks for scheduled wallet maintenance is a routine yet vital operational decision. While it requires users to adjust their plans temporarily, it ultimately contributes to a more secure and reliable crypto ecosystem. Staying informed and understanding the reasons behind such actions empowers users to navigate the crypto landscape with confidence. This commitment to robust infrastructure ensures a safer environment for everyone involved in digital asset transactions. Frequently Asked Questions (FAQs) Q1: Why is Binance suspending USDC withdrawals on certain networks? Binance is temporarily suspending USDC withdrawals due to scheduled wallet maintenance, which is a routine procedure to ensure the security and efficiency of the exchange’s systems. Q2: Which networks are affected by the USDC withdrawal suspension? The affected networks for USDC withdrawals are Ethereum (ETH), Polygon (POL), Arbitrum (ARB), Base (BASE), and Optimism (OP). Q3: Can I still trade USDC on Binance during the suspension? Yes, the suspension specifically applies to withdrawals on the listed networks. You can still trade USDC on Binance’s spot market or use it within other unaffected services on the platform. Q4: How long will the USDC withdrawal suspension last? The announcement states the suspension begins at 07:00 UTC on August 6. Binance aims to complete the wallet maintenance efficiently, and users should monitor official Binance announcements for updates on the resumption of services. Q5: What should I do if I need to withdraw USDC urgently? If urgent withdrawals are necessary, check if Binance supports USDC withdrawals on other networks not affected by this maintenance. Alternatively, you might consider converting your USDC to another stablecoin or cryptocurrency available for withdrawal on your preferred network, if that aligns with your strategy. Found this article helpful in understanding Binance’s USDC withdrawal update? Share this crucial information with your friends and fellow crypto enthusiasts on social media to keep them informed! To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin adoption and blockchain network advancements . This post USDC Withdrawals: Binance Announces Crucial Temporary Suspension for Network Maintenance first appeared on BitcoinWorld and is written by Editorial Team
Procap was formed in June when it entered into a business combination with a Nasdaq special-purpose acquisition company (SPAC) called Columbus Circle Capital Corporation. Anthony Pompliano’s Procap Taps Bitwise Alum Jeff Park as New CIO Self-styled investor and crypto entrepreneur Anthony Pompliano pulled off a $750 million raise in late June for his new bitcoin
In a Financial Times op-ed, Osborne explained that the UK risks losing its status as a financial leader while the US advances through initiatives like the GENIUS Act. Osborne criticized Chancellor Rachel Reeves and supported Coinbase’s controversial ad campaign, which mocked the UK’s economic stagnation and pointed to crypto as an alternative. Meanwhile, the GENIUS Act itself is under scrutiny in the US for banning yield-bearing stablecoins. Critics say this favors traditional banks and undermines stablecoin innovation. Other experts argue that tokenized money market funds may benefit, but stablecoins still hold an edge in DeFi. UK Missing Crypto Opportunity George Osborne, the former UK chancellor and now adviser to Coinbase, issued a stark warning that the United Kingdom is falling behind in the digital asset race, particularly in the stablecoin sector. In a recent Financial Times op-ed , Osborne voiced his concerns over the UK’s sluggish progress in adopting crypto-friendly policies, and argued that the country is at risk of squandering its position as a global financial leader. George Osborne He criticized the government’s inaction, especially with regards to stablecoins, which he sees as essential tools for reducing friction in global finance. Osborne stated that while the US is forging ahead with initiatives like the GENIUS Act to cement the dollar’s dominance in the stablecoin space, the UK risks irrelevance. He warned that the British pound — one of the world’s most traded currencies — may not even play a supporting role in the digital economy if current trends continue. Osborne’s critique was aimed in part at current Chancellor Rachel Reeves, whom he accused of failing to deliver on promises to support innovation in the digital currency sector. His comments were made after a controversial ad campaign by Coinbase titled “Everything Is Fine,” a satirical musical piece that mocks the UK’s economic stagnation and cost-of-living crisis. According to Coinbase CEO Brian Armstrong, the ad was banned by UK television networks. It suggests that the traditional financial system is broken and points to crypto as a modern alternative. While the ad’s ban could not be independently verified by CNBC, it has nevertheless led to some debate and drew attention to Coinbase’s growing lobbying efforts in the UK. Coinbase entered the UK market in 2015, and has been an aggressive force in shaping crypto regulation. This is particularly true in the US where it spent more on lobbying than any other crypto firm, according to Politico and OpenSecrets. Osborne’s op-ed and the company's latest campaign indicate that there is now a renewed push to influence policy in Britain. Critics Question GENIUS Act Motives While the US is making more progress with its GENIUS Act, it might not necessarily be in the right direction. The passage of the US GENIUS Act has been widely hailed as a major milestone for stablecoin adoption, but a controversial provision in the bill is drawing a lot of criticism for potentially limiting the appeal of digital dollars. The legislation bans stablecoin issuers from offering yield-bearing versions of their tokens. This move effectively prevents both retail and institutional holders from earning interest on digital dollar holdings. Critics argue that this plays into the hands of the traditional banking sector, which has long relied on controlling yield opportunities for depositors. Trump signs GENIUS Act (Source: Fox News ) Temujin Louie , CEO of crosschain protocol Wanchain, warned that the GENIUS Act may not be the unqualified win it seems to be. He pointed out that by prohibiting yield, the bill gives a competitive edge to tokenized money market funds, which are very quickly turning into Wall Street’s answer to stablecoins. JPMorgan strategist Teresa Ho explained the potential of tokenized MMFs to serve as margin collateral and fulfill other use cases that were traditionally served by stablecoins. Louie agrees with this, and said that tokenization grants MMFs the speed and flexibility previously unique to stablecoins, while also preserving regulatory oversight. Paul Brody , global blockchain leader at EY, pointed out that tokenized MMFs and deposits could thrive in this new environment, since they can provide yield while functioning similarly to stablecoins. However, Brody added that stablecoins still maintain an edge in DeFi integration, thanks to their bearer asset nature, which allows easy use across decentralized platforms. If tokenized MMFs come with too many restrictions, their yield advantage might not be enough to win over users. The banking industry’s influence over the legislation has been a strong point of concern for many. Reports from earlier this year revealed that financial institutions were actively lobbying to block yield-bearing stablecoins, as they see them as a threat to their business model. NYU professor Austin Campbell shared that banks, having offered minimal interest for decades, fear losing ground if stablecoin issuers can provide yield directly to consumers. Despite the restrictions in the GENIUS Act, yield-bearing digital assets are not entirely absent from the US market. In February, the SEC approved the first yield-bearing stablecoin security, YLDS, issued by Figure Markets. It launched with a 3.85% yield. This means that there is a lot of potential for yield in tokenized assets, albeit under stricter securities regulations.
Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum . SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182.
Cryptocurrency analyst Min Tae-yoon has published a compelling analysis of the Bitcoin (BTC) price. According to Tae-yoon, BTC has reentered the classic “Triple Power” market structure, and as this structure nears its distribution phase, a break above $120,000 could trigger rapid upward momentum. Last weekend, Bitcoin's price fell to $112,000, a decline that some analysts believe could have triggered a “position reset” and paved the way for a rally. Tae-yoon argues that this correction could actually pave the way for a new upward move. The “Power of 3” model describes a three-stage market structure: “accumulation – manipulation – distribution.” This structure is particularly used to analyze the liquidity movements of institutional investors and is often preferred to understand the delayed reactions of individual investors. Related News: Donald Trump to Make Two Critical Appointments in the Next Few Days - Could Affect Markets, Here Are the Details According to the analysis, Bitcoin established a solid base in the $115,300-$119,500 range during the accumulation phase. The subsequent sudden drop dragged the price down to $112,000. This movement is generally interpreted as the liquidation of individual investors who bought at the peak and the creation of a new accumulation base in the market. One of the most striking points in Tae-yoon's analysis is that the $120,000 level acts as a “powerful price magnet.” If the price reaches and sustains above $115,300 and $116,800, Bitcoin could break through the $120,000 resistance and rapidly rally to the technical target of $126,000. It's estimated that $922 million worth of leveraged positions were liquidated during the recent correction. Position resets of this scale typically reduce market overheating and pave the way for a new rally. *This is not investment advice. Continue Reading: Korean Analyst States: “This Level in Bitcoin is Like a Very Strong Magnet”
BitcoinWorld Jetking Bitcoin Strategy: India’s Pioneer Aims for 18,000 BTC by 2030 India’s IT education firm, Jetking Infotrain, has made an astonishing move, positioning itself at the forefront of the nation’s digital asset landscape. The company recently announced its groundbreaking Jetking Bitcoin strategy , becoming the first publicly traded Indian entity to adopt Bitcoin (BTC) as its primary Bitcoin treasury reserve . This bold step marks a significant moment for Indian crypto adoption and could inspire many others. Jetking’s Ambitious BTC Accumulation Plan Takes Shape Jetking’s commitment to Bitcoin is not just symbolic; it is a meticulously planned financial pivot. As of May 2025, the company already holds 21 BTC. However, this is merely the beginning of their ambitious journey. Short-term Goal: Jetking plans to accumulate 210 BTC by the end of 2025. Long-term Vision: The ultimate target is an impressive 18,000 BTC by the year 2030. To fuel this aggressive BTC accumulation plan , Jetking successfully raised 17.6 crore rupees through two strategic equity rounds this year. This financial backing demonstrates serious intent behind their digital asset play. Why Embrace a Bitcoin Treasury Reserve? A Strategic Imperative You might wonder why an Indian IT education firm would venture so deeply into cryptocurrency. The answer lies in a proactive approach to economic uncertainties. Jetking aims to hedge against the persistent threats of inflation and the depreciation of fiat currency. This strategy mirrors that of U.S.-based MicroStrategy, a company renowned for its substantial corporate Bitcoin holdings . By holding Bitcoin, Jetking seeks to preserve and potentially grow its capital in a decentralized, inflation-resistant asset. It is a forward-thinking decision designed to safeguard the company’s future financial stability. Navigating India’s Complex Crypto Landscape Jetking’s pivot is particularly remarkable given India’s stringent cryptocurrency regulations. The nation has historically maintained a cautious stance on digital assets, with ongoing discussions about their legal framework. Despite these hurdles, Jetking has forged ahead, proving that strategic innovation can thrive even in challenging environments. The market has responded positively to this audacious move. Since announcing its crypto adoption, Jetking’s stock has surged by more than 135%. This significant increase indicates investor confidence in the company’s new direction and its potential for long-term growth, perhaps signaling a shift in perception towards Indian crypto adoption . What Does This Bold BTC Accumulation Plan Mean for India? Jetking’s pioneering Jetking Bitcoin strategy could set a precedent for other Indian corporations. Their success in navigating regulatory complexities and demonstrating the financial benefits of a Bitcoin treasury reserve might encourage more businesses to explore similar ventures. It highlights a growing trend of companies looking beyond traditional assets for value preservation and growth. The ambition to accumulate 18,000 BTC by 2030 positions Jetking not just as a participant, but as a potential leader in the global movement towards corporate Bitcoin holdings . This long-term vision emphasizes Bitcoin’s role as a robust store of value and a viable component of corporate balance sheets. In conclusion, Jetking Infotrain’s decision to embrace Bitcoin as a core treasury asset is a landmark event for India and the global crypto space. Their well-defined BTC accumulation plan , backed by significant equity raises and validated by soaring stock prices, demonstrates a profound belief in Bitcoin’s long-term value. As Jetking continues its journey towards 18,000 BTC, the world will be watching to see how this audacious Indian crypto adoption story unfolds, potentially reshaping corporate finance in the region. Frequently Asked Questions (FAQs) Q1: What is Jetking Infotrain’s primary Bitcoin strategy? A1: Jetking’s primary Jetking Bitcoin strategy involves adopting Bitcoin (BTC) as its main treasury reserve asset, with an ambitious plan to accumulate 18,000 BTC by 2030. Q2: Why is Jetking accumulating Bitcoin? A2: The company aims to hedge against inflation and the depreciation of fiat currency, following a strategy similar to that of MicroStrategy, to preserve and potentially grow its capital. Q3: How much Bitcoin does Jetking currently hold and what are its immediate goals? A3: As of May 2025, Jetking holds 21 BTC. It plans to accumulate 210 BTC by the end of 2025. Q4: How did Jetking finance its Bitcoin acquisition? A4: Jetking raised 17.6 crore rupees (approximately $2.1 million USD) through two equity rounds this year to finance its BTC accumulation plan . Q5: What impact has this strategy had on Jetking’s stock? A5: Since announcing its crypto pivot, Jetking’s stock has surged by more than 135%, indicating strong investor confidence despite India’s stringent cryptocurrency regulations. Q6: Is Jetking the first Indian company to adopt Bitcoin as a treasury reserve? A6: Yes, Jetking Infotrain is the first publicly traded company in India to adopt Bitcoin as its primary Bitcoin treasury reserve , marking a significant milestone in Indian crypto adoption . If you found this article insightful, consider sharing it with your network! Help us spread the word about this pioneering move in the world of corporate crypto adoption. To learn more about the latest crypto market trends , explore our article on key developments shaping Bitcoin institutional adoption. This post Jetking Bitcoin Strategy: India’s Pioneer Aims for 18,000 BTC by 2030 first appeared on BitcoinWorld and is written by Editorial Team
The White House order will involve banks being fined if they drop customers for political reasons or discriminate against digital asset firms and organizations. The executive order directs bank regulators to investigate whether any banks or financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, reported The Wall Street Journal on Monday. The order threatens monetary penalties, consent decrees, and other disciplinary measures for violators and could be signed this week, the report added. Big Banks Can’t Discriminate Against Crypto “Cryptocurrency companies have said they were shut out of banking services under the Biden administration,” the report noted, though the order also includes being debanked on political grounds. White House preparing executive order that would punish banks that discriminate against crypto companies… via @dgtokar @ajsaeedy pic.twitter.com/XQrlUuWsC1 — Nate Geraci (@NateGeraci) August 4, 2025 The banks claim their decisions are based on legal, regulatory, and financial risks, particularly anti-money laundering compliance, which has a wide scope, granting them a lot of control over people’s assets. “We’ve provided detailed proposals and will continue to work with the administration and Congress to improve the regulatory framework,” a Bank of America spokesman told the outlet. Banking regulators under Trump have already stopped assessing “reputational risk” from customers, which was seen as a boost for the crypto industry. The move represents a significant shift from Biden-era banking oversight under Operation Chokepoint 2.0, with the Trump administration positioning itself as the protector of crypto interests against alleged financial industry bias. There have been several cases in recent years where crypto industry experts or companies have been debanked, and the Trump administration clearly wants to put an end to this practice. JPMorgan Chase informed Coinbase CEO Brian Armstrong in December 2023 that they would close accounts of individuals whose primary income stemmed from crypto. Sam Kazemian, founder of Frax Finance, also said that JPMorgan told him they would close the accounts of anyone whose primary source of income or wealth was crypto. Custodia Bank CEO Caitlin Long, Gemini co-founder Tyler Winklevoss, and the Bitcoin Foundation’s Charlie Shrem also said they were debanked. In November 2024, Elon Musk posted evidence that 30 tech founders were debanked under the Biden administration. Did you know that 30 tech founders were secretly debanked? https://t.co/gmnCir43XD — Elon Musk (@elonmusk) November 27, 2024 Banks Still Hate Crypto It is no surprise that banks harbor a lot of disdain against decentralized digital assets and companies that are part of the nascent industry. Banks profit from lending out their customers’ money and impose high levels of control and restrictions on what customers can and cannot do with their own money. Crypto is the complete antithesis of this, enabling peer-to-peer transfers and freedom over finances. Now that banks can see big profits in stablecoins, they appear to be warming to the industry (but for the wrong reasons). In related news, the United Kingdom recently banned a Coinbase advertising campaign that was critical of its financial system. The post New Executive Order to Punish US Banks for Dropping Crypto Customers appeared first on CryptoPotato .
The White House is gearing up to issue a sweeping executive order aimed at cracking down on banks accused of discriminating against conservative organizations and cryptocurrency businesses. A draft of the order, reviewed by The Wall Street Journal, reveals that financial institutions could face stiff penalties for denying services based on political affiliations or ties to the crypto industry. The directive would require federal regulators to investigate potential violations of key laws, including the Equal Credit Opportunity Act, antitrust regulations, and consumer protection statutes. Banks in breach could be subject to fines, lawsuits, or compelled to enter legally binding agreements to reform their practices. While the order could be signed early this week, sources say the timeline remains fluid amid internal administration deliberations. If finalized, the move would signal a significant step by the Trump-aligned administration to safeguard banking access for groups it believes are being unjustly excluded—particularly conservatives and crypto-related entities. Banks face pressure from crypto and conservative groups For years, many conservative organizations and cryptocurrency-related companies have claimed that banks have closed their accounts or denied them financial services for political or ideological reasons. Some groups say they were flagged or dropped simply for holding conservative beliefs. Others in the crypto industry claim banks cut them off to avoid regulatory pressure, even if no laws were broken. One high-profile case, which is indirectly referenced in the draft order, involved Bank of America. The bank reportedly shut down accounts from a Christian group operating in Uganda. The organization accused the bank of targeting them for religious reasons. However, Bank of America responded that the decision was based on policy, not politics. The bank said it does not serve small businesses operating outside the U.S. as a matter of standard practice. The draft order also criticizes banks for their role in sharing customer data with law enforcement during the January 6 Capitol riot investigation. Some banks voluntarily flagged customer transactions or activity they believed were linked to the event. Supporters of the executive order say this sets a dangerous precedent where banks may act as political gatekeepers. Meanwhile, crypto companies have faced a long struggle to access banking services. Under the Biden administration , several firms have complained of being shut out from traditional banking due to what they call a “shadow ban” by regulators. Banks, on the other hand, argue that they are responding to legitimate compliance risks, especially when dealing with digital assets, which have been linked to fraud and money laundering. Many cite U.S. anti-money-laundering laws and a lack of clear guidance as reasons for caution. Banks act to avoid regulatory crackdown Over the past few months, several major financial institutions have updated their internal policies to clarify that they do not discriminate based on political belief or affiliation. Others have held meetings with Republican attorneys general to reassure them of their commitment to fairness. A spokesperson for Bank of America said the institution welcomes efforts by the administration to bring greater clarity to the rules. “We’ve provided detailed proposals and will continue to work with the administration and Congress to improve the regulatory framework,” he said. The draft executive order also includes new instructions for federal agencies. It calls on banking regulators to eliminate existing policies that may have encouraged banks to consider “reputational risk” when deciding whether to work with certain customers. Banks often use reputational risk to avoid business with politically sensitive or high-risk industries. This practice has been controversial. Critics argue it gives banks too much power to act as moral or political judges. Regulators under the Trump administration had previously said they would avoid using reputational risk as a standard. In addition, the draft order tells the Small Business Administration (SBA) to review how participating banks treat loan applicants—especially when those banks guarantee SBA-backed loans. This could affect thousands of small businesses that rely on federal support. KEY Difference Wire helps crypto brands break through and dominate headlines fast
The recent cooldown in the broader market saw the Ethereum price drop to $3,390 before bulls managed to push the asset back near $3,570. The influx of investor capital into ETH’s ecosystem through Ethereum hasn’t slowed down, a sign that analysts view as a positive signal for market stability. Meanwhile, there is a Remittix (RTX) , an ETH-based utility token developed to cater to low-cost and direct cross-border settlements. This new crypto project has become a fan favorite among natives who look forward to its 100x growth potential. Analysts believe both projects will deliver investors more profits than Cardano this cycle. ADA followed a similar price trajectory to Ethereum in the last 48 hours, but what’s next for the asset this quarter? Let’s answer this question, but before that, we will discuss Ethereum price action and what you need to know about Remitix. Institutional Demand is Likely to Drive Ethereum Price Higher Major corporate entities are increasing their ETH holdings, fueling the chances of an imminent breakout. BitMine Immersion, for example, has raked in about $2.9 billion worth of Ethereum ( i.e., over 833,000 tokens ), making it the largest public Ethereum treasury holder as of today. Besides, Ethereum ETFs saw continuous inflows, including a 17-day streak of net inflows, with $65.14 million added in a single day, and BlackRock’s ETHA pushing $131.95 million in late July. It’s safe to say that despite the recent Ethereum price slip, institutional appetite is still on. Source: X Over the past 30 days, Ethereum price rallied over 44.5% to approximately $3,600, with analysts now targeting a breakout above $4,100, especially if there is continued institutional activity and ETF interest. Cardano (ADA): A Golden Cross, But Challenges Ahead Cardano followed a similar price trajectory to Ethereum price in the past week, bleeding for 5 successive days, before a 9.31% jump in the next 48 hours. As of today, Cardano buys and sells at $0.7521, with 24‑hour volume around $760 million, up 4.5% on the day but down 6.8% week to date. A few analysts are looking at a bearish outlook for ADA, with a Fear & Greed Index at 54 (Greed). Cardano recently formed its first-ever weekly golden cross, where the 50-week moving average crossed above the 200-week average; a bullish argument others are citing. However, ADA must reclaim levels above $0.8–$0.86 to maintain momentum; else, a slip below $0.69 could be next. Remittix Should Be Your Next Bet Remittix (RTX) is an Ethereum-layer token designed to tackle inefficient cross-border payments using low-cost on-chain rails. Built to serve global users from freelancers to SMEs and remitters, this payment network delivers instant, transparent crypto-to-fiat transfers without reliance on centralized exchanges. Remittix is well on track to be one of the best cryptos to buy this cycle. Here are other things you need to know: Remittix will support conversion within a range of 40+ crypto assets and 30+ fiat currencies at launch, making it usable from anywhere in the world. It allows real‑time FX conversion with fully transparent rates, meaning there are no hidden fees or surprise deductions. RTX will close on a 190T market gap. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250, 000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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