BitcoinWorld Remittix Announces Beta Web3 Wallet Launch Date, Presale Passes $18.7M With CEX Listings Soon To Be Announced Košice, Slovakia, August 12th, 2025, Chainwire Remittix (RTX), the blockchain project that is redefining cross-border payments, has now officially announced the release date for its Beta Web3 Wallet in Q3 2025. This announcement follows the project’s presale exceeding $18.7 million and over 590 million tokens sold, in a milestone before hitting centralized exchange (CEX) listings. The Beta Wallet is the biggest product release in the Remittix ecosystem to date, enabling users to send and receive cryptocurrencies across various blockchains, convert them into over 30 supported fiat currencies, and remit directly into over 30 countries’ legacy bank accounts. By combining real-time FX conversion and low, transparent fees, Remittix is building a bridge from the digital asset economy to global bank networks. How to Become a Beta Tester According to the announcement on the official Twitter page , Remittix has initiated a special selection program for the first 50 beta testers prior to the launch of the wallet. Applicants will be chosen based on the following criteria: Top 30 Investors on September 1st — Automatically qualify. Rankings can be seen on the live leaderboard via the presale dashboard. Top 10 RTX Purchasers in August (value in USD) — For anyone not already among the Top 30, the largest spend guarantees beta access. Top 3 Referrers in August — Based on total referral purchase volume. 7 Community Spots — Awarded to the most active Telegram supporters through mini-contests and special participation activities. This listing process offers committed investors and engaged community participants the opportunity to be among the first to try out Remittix’s cross-chain payment technology. CEX Listings on the Cards Remittix further claimed that its first centralized exchange listing will be announced when the presale crosses the $20 million mark. Numerous discussions are already underway with established exchanges, preparing RTX for a successful market entry. The token currently stands at $0.0922 during the presale, with an active 40% buy bonus. The bonus will run until the target of $20 million is reached, after which it will expire prior to public trading. What Beta Wallet Offers Beta testers will experience early access to core functionalities, including: Low buy-price of $0.0922 per token Multi-chain wallet support in one interface Crypto-to-bank transfers with real-time conversion Gas fee optimization and payment routing 40+ cryptocurrency and 30+ fiat currency support The closed beta will allow Remittix to get user feedback in a controlled environment before public launch, so that the product is refined for scalability, security, and user-friendliness. About Remittix Remittix is a next-gen blockchain payment network that seeks to connect the crypto economy with mainstream finance. Its network allows direct crypto-to-bank money transfer between over 30 countries using multi-chain interoperability along with real-time foreign exchange conversion. By providing low, transparent charges and coverage for hundreds of digital currencies and fiat money, Remittix hopes to speed up cross-border payments, reduce costs, and make them more convenient. The project’s objective is to empower individuals, freelancers, and enterprises to receive and earn money at any time, anywhere in the world without delays, heavy fees, or limitations in conventional banking systems. Users can 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 Contact Marketing Lead Ben Kovac 8 Block Media admin@8blockmedia.com This post Remittix Announces Beta Web3 Wallet Launch Date, Presale Passes $18.7M With CEX Listings Soon To Be Announced first appeared on BitcoinWorld and is written by chainwire
One of the leading tech companies in Europe is uniting with a framework focused on security and confidentiality. Anonymity With a Worldwide Reach Shared to CryptoPotato via a news release, the Aleo Network Foundation, the non-profit organization responsible for the health of the Aleo Network has announced a partnership with Revolut today. The former develops infrastructure focused on privacy and compliance that powers secure and programmable payments. The fintech firm has over 60 million customers worldwide and will feature the ALEO token on its app. Revolut is currently one of Europe’s more crypto-friendly corporations, offering a platform to trade and store digital assets. What the Aleo Network will bring to the partnership is a blockchain ecosystem layer powered by zero-knowledge (ZK) cryptography. It will provide foundational infrastructure that other blockchains, stablecoins, and enterprises can integrate to achieve parity in terms of privacy and compliance. With MiCA regulations now establishing clear standards across continental Europe, the road is clear for innovation and private payments. The merging of the privacy layer and Revolut can help mold the future of blockchain systems for institutions and developers alike, powering the next generation of technology focused on digital assets. Speaking on the matter was Josh Hawkings, EVP of Strategy, Polyci & Communications, who said: “Joining forces with Revolut reinforces our mission to embed privacy at the foundation of tomorrow’s financial systems. By treating privacy not as a barrier but as a catalyst for innovation and compliance, we’re helping to ensure that blockchain continues to evolve as a tool for empowerment, and not surveillance. This listing brings us closer to a future where privacy is a core feature, not an afterthought, in the global financial stack.” The post Aleo Network Foundation Teams Up With Fintech Unicorn Revolut appeared first on CryptoPotato .
Raoul Pal, a macro investor, former Goldman Sachs strategist, and founder of Real Vision, has revealed that he has been holding XRP for over four years after he referred to the digital asset as part of what he once described as a “moron trade.” The label, not meant as an insult, was a way to tell a specific retail trading behavior in early crypto market cycles. Soon after, he disclosed that he bought XRP in 2021 when it was trading at $0.60. Raoul Pal Clears XRP “Moron Trade” Comment In a recent interview, Pal outlined his views on how retail investors enter the crypto market and how the nominal price of a token can influence their buying decisions. He breaks the space into three risk categories: large, established layer-1 tokens he called “idiot-proof,” a more challenging middle tier of DeFi tokens, and a straightforward momentum play he described as the “moron trade.” Pal stressed that the phrase was not an attack on holders but a description of what happens when newcomers avoid higher-priced coins and buy cheaper ones without deeper analysis. Related Reading: Here’s What Is Going On In The Shiba Inu Community Amid Major Electoral Process Following the comment, Pal quickly clarified his position on XRP. He revealed that he had held the asset since June 28, 2021. The price was just below the market price, which hovered around $0.64. Sharing the exact date and entry point reflects his commitment to transparency, as he highlights that investors can keep their market views separate from how they invest. Four Years Of Holding XRP And A Strong Payoff Holding XRP for a multi-year span has become a highly profitable move for Pal. At the time of writing, XRP trades at around $3.15, representing an approximate 5.5x gain from its $0.60 entry. The price appreciation is driven by improved regulatory clarity, growing whale accumulation, and bullish technical patterns, with metrics such as rising open interest in XRP futures and positive on-chain indicators like MVRV golden crosses reinforcing the rally. Related Reading: Man Who Threw Away $1 Billion In Bitcoin Debunks Rumors, Here’s The Progress Pal’s decision to hold through four years of market ups and downs, including a long stretch of legal uncertainty with the U.S. Securities and Exchange Commission, points to a conviction level beyond short-term speculation. The significance of his position extends beyond profits to the message it conveys to the crypto market. By staying invested during volatile cycles, Pal has shown that XRP can be seen as a viable long-term asset when bought at what later proves to be an opportunistic price. His early entry came well before XRP’s major rally phases, making it a textbook example of patient capital allocation. To the XRP community, Pal’s disclosure feels like validation. It shows that discipline and vision can pay off in a fast-moving market while also strengthening XRP’s case as a strategic investment now standing on firmer ground as the bullish trend continues. Featured image from Real Vision, chart from TradingView.com
Are Ethereum shorts positioned for a fade, or gearing up for a short squeeze?
Blue Origin is now letting customers pay for New Shepard space trips with Bitcoin , Ethereum, Solana, USDT and USDC. Based on reports , the change comes through a partnership with Shift4 Payments, and customers can use wallets like MetaMask and Coinbase to make bookings. That means people who hold crypto can use it to buy a seat on the rocket, and the option is available for upcoming commercial flights. Blue Origin Accepts Crypto For Space Flight According to a press release and company notices, payments in those digital coins are live for new bookings on the New Shepard vehicle. The move follows a growing number of merchants that accept crypto. Shift4’s Head of Crypto, Alex Wilson, is quoted as saying, “Crypto is now a $4 trillion asset class,” and he suggested that crypto and stablecoins will become more common in payments. PayPal has also rolled out crypto merchant tools in the US, based on other reports, which adds context to Blue Origin’s decision. What This Means For Customers And The Company Reports have disclosed that the listing of multiple coins is meant to give customers choice. People can connect standard wallets and complete purchases, and that could make it easier for some buyers to pay. At the same time, paying with crypto can have tax implications in many countries, and buyers should be aware of that. Justin Sun’s recent ride on New Shepard cost $28 million, but that auction payment was not made in crypto, according to reports, which shows there is still a mix of how space tourists pay. Bitcoin In Space Business Context Based on blockchain trackers and reporting, SpaceX is estimated to hold 8,285 Bitcoin, a figure that has been given a dollar value near $996 million by some data sources. That number helps explain why people compare Blue Origin’s move with other space firms, even though Blue Origin has not announced any crypto holdings and Amazon does not accept crypto as a payment method. In simple terms, this new payment option links an expensive consumer product — a seat on a suborbital flight — with an increasingly popular payment form. Featured image from Meta, chart from TradingView
BlackRock’s iShares Bitcoin Trust ETF leads the market with $57.4 billion in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund at $12.1 billion, showcasing the growing interest in crypto ETFs.
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Summary Empery Digital pivoted from powersports to a Bitcoin treasury strategy, abandoning its original business which was encountering several post-COVID challenges. The company now holds $470 million in Bitcoin, with its market cap now tracking that NAV, offering no holding company upside, though multiples on NAV are common in this space. Empery is therefore a Bitcoin proxy for equity markets. We have never been convinced by Bitcoin. The only upside here other than further appreciation of Bitcoin, which is a gamble in our view, is meme value and if Empery ends up trading at multiples of NAV. Empery Digital ( EMPD ) used to be called Volcon, which was a company we covered some years ago as a power sports play that was trying to establish some powersports bike products for the offroad recreation market . There were lots of challenges as a totally new company, and they were both a retreat in the enthusiasm for the powersports category post-COVID, some idiosyncratic issues around the ability to get a profitable product to market, and then perhaps most importantly the general environment for reflexivity risk plays, where anything cash burning had a major issue of being neglected by a market that had become picky due to higher costs of capital, and therefore facing more significant dilutions when inevitable fund raising activity was required. Empery Digital is the new name for the company in line with its new, and to us unappealing strategy of pivoting into becoming a Bitcoin ( BTC-USD ) treasury company, and therefore a speculative instrument to get exposure to Bitcoin. While maybe it has meme value, it represents a capitulation on a very challenged and now side business of producing powersports products and also distributing golf carts from Vietnam. Obviously the introduction of a 20% tariff on Vietnam by Trump is bad news for this latter activity . This doesn't really matter much, because Empery carries now $470 million worth of Bitcoin , where in Q1, prior to the Q2 cash injection and share placement, total assets were just $22 million. Since we do not want to invest in Bitcoin, Empery is just not interesting to us and probably never will be even if it seems to be trading close to NAV. We think the only way this works out for investors is if Bitcoin continues to climb, and perhaps if this also becomes a meme stock, where it can trade for multiples of its NAV like Metaplanet ( OTC:MTPLF ), another stock we aren't interested in . The Business Updates They have stopped producing the Grunt, terminating that product's manufacturing agreement in December 2024 . They have sold all the remaining Grunt units as of the last SEC filing which is the Q1 10-Q. They seem to be still selling the Brat, also manufacture by a third party. In addition to that, they distribute golf carts that are purchased from Vietnam. China had been hit by countervailing duties to counter the subsidies China puts in place for the benefit of its manufacturers. A punitive tariff had been put in place even under the Biden administration it would seem . Vietnam was a strategy to get away from that but the tariffs which were at 2.5% before Trump are now settled at 20%, which is a considerable hit to economics and marginality of this distribution activity. They do say that they are continuing to consider new opportunities to develop powersports products, but since the share purchase agreement and the new Bitcoin strategy, we doubt any of that will really matter to the business case. As of March 31 2025, total assets were $21 million, with $17.6 million in cash. The significant change since then was the selling of shares to new investors in July. The company raised more than $400 million in a share purchase agreement , valuing the shares at $10. It was still very dilutive due to the extreme declines in the price of Volcon prior to this, and the new shareholders have taken over the cap table. Some of the investment was made in the form of BTC, and warrants were issued in the amount to be able to purchase almost 6 million additional shares, which is more than 10% dilution should they be exercised. We assume that with the around $9 exercise price they were all exercised in the run-up of the stock. Data by YCharts In addition to the now marginal business of trying to sell golf carts from Vietnam and develop their powersports products, the new primary activity is trying to be a Bitcoin treasury company, something like Metaplanet or MicroStrategy ( MSTR ). So the proceeds they've received they've invested in Bitcoin, of which they now hold $470 million as of August 6th - 4000.85 BTC. While in the previous 10-Q, there were some proceeds coming in from a previous SPA evidently, in the amount of around $18 million from issuing stocks and warrants, the next 10-Q is going to show more than $400 million coming into the company balances. Now the assets of the company are more than 90% Bitcoin, and that would grow assuming the residual powersports business continues to burn cash. Bottom Line At around 464 million market cap, it is trading at an ever so slight discount to the Bitcoin NAV. That doesn't provide much upside even for the Bitcoin bulls. This process of turning your ailing business into a crypto box is something that has become fashionable to turn the fortunes of a stock around , even by businesses, such as Volcon, which prior to the pivot had nothing to do with the world of blockchain, Bitcoin or even technology. Beyond the fact that this is the sort of thing that only starts happening when markets get a little too exuberant, there is no edge in just becoming a crypto box. While some companies like Metaplanet portray their writing put strategy to create income to finance even more Bitcoin purchasing as some sort of edge, the strategy is not exotic and just reflects immense risk taking behaviour. The long story short is that this is not something that makes Empery appealing at all. For meme speculators, there is a chance this bounces, although it's already shone already last month, in line with the sort of unreasonable NAV multiples as seen on stocks like Metaplanet, where the Bitcoin holdings were worth a fraction of the company's market cap, despite Bitcoin "treasury" being almost the entire activity of the business. But other than these wild speculations, it is an instrument that trades more or less at NAV and would be beholden otherwise to the fortunes of Bitcoin, which is still a highly speculative security, impractical to use and with debatable decentralisation due to the issue of mining pools and mining pool administration.
Bitcoin (BTC) lost momentum after surging to an intraday high of $122,319 on Monday. As a result, the flagship cryptocurrency plunged to an intraday low of $118,050 before settling at $118,628. BTC is down nearly 2% over the past 24 hours, trading around $118,618. However, analysts believe its bullish structure remains intact. Ethereum ETH Holders Could Pivot Back To Bitcoin (BTC) Bitcoin (BTC) pioneer Samson Mow believes Ethereum (ETH) investors will turn back to BTC once ETH prices get high enough. The pivot back to BTC could reverse a five-week jump in ETH prices. Mow explained his stance in a post on X, stating, “Let me explain what’s happening with ETHBTC. Most ETH holders have a lot of BTC (ICO/insiders), and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s). Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC . No one wants ETH in the long run.” Mow has criticised altcoins in the past, and added that it will be difficult for ETH to jump to all-time highs, stating that the closer it gets to its all-time high, the stronger the trader’s drive to sell the asset. Could the US Nationalise Bitcoin Holdings? Analysts Think So Corporate crypto treasuries have crossed $100 million in value, prompting concerns that the US could nationalise some of the holdings in a move harking back to the gold standard era. Bitcoin treasury companies hold over 791,662 BTC worth $95 billion, a staggering 3.98% of BTC’s circulating supply. Corporate treasuries could become a central point of vulnerability for BTC, following a similar path to gold in 1971. One crypto analyst stated, “If the US dollar is structurally getting weak and China is coming in, it’s a fair point that the US might make an offer to all the treasury companies and centralize it, where it could be then put into a digital form, not create a new gold standard. You could then rug it like happened in 1971. And it’s all centralized around the digital Bitcoin. The whole history repeats again back to the beginning.” Strategy Adds To Bitcoin (BTC) Holdings Michael Saylor’s Strategy has added to its Bitcoin stash, purchasing 155 BTC for $18 million in the week ending Sunday, according to a filing with the United States Securities and Exchange Commission (SEC). Strategy completed the purchase at an average price of $116,401 per coin. BTC started the previous week around $114,00 and traded above $120,000 by Sunday. The latest acquisition increases the company’s Bitcoin holdings to 628,946 BTC , valued over $72 billion. The purchase also marks the fifth anniversary of the company’s Bitcoin strategy. Strategy launched its Bitcoin buying spree on August 11, 2020, with a $250 million purchase of 21,454. The price of the asset has soared nearly 1,000% since Strategy’s first purchase. However, some Bitcoin community members were surprised by the small purchase, which is one of the smallest in the company’s history. Coin Bureau founder Nic Puckrin commented on Saylor’s post, stating, “Only 155 BTC ? Looks like you need to raise more fiat.” Metaplanet, Smarter Web, Add To Bitcoin (BTC) Treasuries Japan’s Metaplanet and the UK’s The Smarter Web Company have added nearly $100 million worth of Bitcoin (BTC) to their treasuries. Metaplanet disclosed it purchased 518 BTC for around $61 million at an average price of $118,519 per coin. The purchase takes the Tokyo-based firm’s Bitcoin holdings to $18,113, worth around $2.15 billion at current prices. The purchase comes after Metaplanet announced plans to raise 555 billion Japanese yen ($3.7 billion) through perpetual preferred shares to fund future Bitcoin acquisitions. On the other hand, London-based The Smarter Web Company purchased 295 BTC for $35.2 million at an average price of $119,412 per coin. The company funded its purchase in part by a $10.2 million equity raise completed on Monday. It also raised $21 million through a Bitcoin-denominated bond offering last week. The latest acquisition takes The Smarter Web Company’s Bitcoin holdings to 2,395 BTC , valued at around $284 million. Bitcoin (BTC) Price Analysis Bitcoin’s (BTC) rally lost momentum on Monday despite starting the week on a bullish note. The flagship cryptocurrency raced to an intraday high of $122,319 before slipping below $120,000 and settling at $118,701. The current session sees BTC marginally down, trading around $118,552. Despite the pullback, BTC’s bullish structure remains intact, underpinned by growing institutional interest and improving macroeconomic conditions. However, analysts have warned the price could drop to $100,000, or even lose the $100,000 support if selling pressure persists. ZAYK Charts used the Wyckoff method to analyze the current market, stating that the BTC/USDT pair has already seen the classic “mark up” rebound phase from long-term lows, and has entered the “distribution” phase, an area where an uptrend generally reverses. “After a strong Accumulation Phase in March–April confirmed by bullish RSI divergence, BTC entered a powerful Mark-Up phase, reaching new highs. Currently, price action is showing signs of a Distribution Phase — sideways movement with weakening momentum, supported by bearish RSI divergence. If distribution confirms, the next phase could be a markdown, with a potential drop toward the 95K zone.” BTC registered a sharp decline on Friday (August 1), dropping over 2% and settling at $113,365. Sellers retained control on Saturday as the price fell 0.67% and settled at $112,601. Despite the overwhelming selling pressure, BTC recovered on Sunday, rising 1.52% to cross $114,000 and settle at $114,215. The price continued pushing higher on Monday, registering a 0.69% increase and settling at $115,051. BTC plunged to an intraday low of $112,707 on Tuesday as selling pressure returned. It rebounded from this level to reclaim $114,000 and settled at $114,051, ultimately dropping 0.83%. The price recovered on Wednesday, rising 0.80% to reclaim $115,000 and settle at $115,028. Source: TradingView Bullish sentiment intensified on Thursday as BTC rallied, rising over 2% to cross $117,000 and settle at $117,515. Despite the positive sentiment, the price was back in the red on Friday, dropping nearly 1% to $116,683. Sellers retained control on Saturday as BTC registered a marginal decline. However, it was back in bullish territory on Sunday, rising 2.42% to cross $119,000 and settle at $119,309. BTC surged to an intraday high of $122,319 on Monday, starting the week on a bullish note. However, it lost momentum after reaching this level and fell below $120,000 to $118,701, ultimately registering a 0.51% drop. The current session sees the price marginally up, trading around $118,858. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The value of open positions on ETH’s future price has nearly doubled since just weeks ago.