BitcoinWorld SGA Bitplanet Rebrand: South Korean Tech Giant Unveils Bold Crypto Future Get ready for a significant shift in the South Korean tech landscape! SGA, a prominent South Korea-listed company, is making a bold move, planning a transformative rebrand to Bitplanet. This exciting SGA Bitplanet rebrand follows a crucial third-party share placement. As a result, Asia Strategy Partners has emerged as SGA’s largest shareholder, signaling a new direction for the company. MTN News first reported this development, highlighting the strategic implications. What makes this ownership change particularly interesting? Asia Strategy Partners is an investment firm renowned for managing a significant portion of its corporate treasury in Bitcoin. This deep-rooted commitment to digital assets suggests a clear crypto-centric vision for the newly branded Bitplanet. Why is the SGA Bitplanet Rebrand a Game Changer? The decision for the SGA Bitplanet rebrand isn’t merely cosmetic; it reflects a fundamental strategic pivot. With Asia Strategy Partners at the helm, the company is poised to integrate cryptocurrency and blockchain technologies into its core operations. This move represents a forward-thinking approach, aiming to leverage the burgeoning digital economy. It could position Bitplanet as a key player in the evolving intersection of traditional business and innovative crypto solutions. Companies globally are exploring blockchain, and this rebrand signifies a major commitment from SGA to embrace this future. Asia Strategy Partners: Charting a Bitcoin-Powered Course Asia Strategy Partners’ investment philosophy provides a clear roadmap for Bitplanet’s future. Their substantial holdings in Bitcoin are not just an investment; they are a statement of belief in the long-term value and utility of digital assets. This shareholder structure offers several potential benefits: Enhanced Capital Flexibility: Managing treasury in Bitcoin can offer new avenues for capital management and liquidity. Innovation Drive: A crypto-native leadership is likely to foster innovation in blockchain applications and services. Market Positioning: It immediately positions Bitplanet as a leader in digital asset integration within the traditional corporate sphere. The firm’s expertise in managing a Bitcoin corporate treasury will undoubtedly influence Bitplanet’s operational strategies and future product offerings. This expertise is crucial for the success of the SGA Bitplanet rebrand . What Opportunities and Challenges Lie Ahead for Bitplanet? The path forward for Bitplanet is filled with exciting opportunities, yet it also presents unique challenges. On the opportunity side, the company can tap into new markets and customer segments eager for crypto-integrated services. This strategic shift could lead to pioneering new business models, potentially involving NFTs, DeFi, or other blockchain-based solutions. The synergy between SGA’s existing capabilities and Asia Strategy Partners’ crypto vision could unlock significant value. However, Bitplanet must also navigate potential hurdles: Regulatory Landscape: Cryptocurrency regulations are constantly evolving, requiring vigilant compliance. Market Volatility: The inherent volatility of digital assets like Bitcoin could impact treasury management and investor confidence. Public Perception: Educating stakeholders and the public about the benefits and risks of crypto integration will be crucial. Successful integration will depend on careful strategic planning and robust risk management, ensuring the SGA Bitplanet rebrand achieves its full potential. The SGA Bitplanet rebrand marks a pivotal moment for a South Korean company embracing the digital asset revolution. This transformative step, driven by a Bitcoin-centric investor, sets a compelling precedent for how traditional businesses can adapt and thrive in the evolving cryptocurrency landscape. It’s a bold declaration of intent, signaling a future where digital assets play a central role in corporate strategy. Frequently Asked Questions (FAQs) 1. What is the main reason for SGA’s rebrand to Bitplanet? The primary reason for the SGA Bitplanet rebrand is a strategic pivot following a third-party share placement. Asia Strategy Partners, an investment firm managing significant Bitcoin holdings, became the largest shareholder, signaling a new crypto-centric direction for the company. 2. Who is Asia Strategy Partners and what is their role? Asia Strategy Partners is an investment firm that manages much of its corporate treasury in Bitcoin. As the largest shareholder of SGA, they are driving the company’s rebrand to Bitplanet and influencing its new strategy towards integrating cryptocurrency and blockchain technologies. 3. How will Bitplanet’s new direction impact its business? Bitplanet’s new direction is expected to lead to the integration of cryptocurrency and blockchain into its core operations. This could involve new business models, tapping into new digital markets, and leveraging Asia Strategy Partners’ expertise in digital asset management, fundamentally transforming its offerings. 4. What challenges might Bitplanet face in its new crypto-focused strategy? Bitplanet may face challenges such as navigating the evolving cryptocurrency regulatory landscape, managing the inherent market volatility of digital assets like Bitcoin, and educating stakeholders and the public about its new crypto-integrated services. 5. Is this a common trend for South Korean companies? While not universally common, there is a growing trend among companies globally, including in South Korea, to explore and integrate blockchain and cryptocurrency into their strategies. The SGA Bitplanet rebrand is a prominent example of a traditional company making a significant move into the digital asset space. Did this exciting news about the SGA Bitplanet rebrand spark your interest? Share this article with your network and join the conversation about the future of traditional companies in the crypto world! Your insights are valuable. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post SGA Bitplanet Rebrand: South Korean Tech Giant Unveils Bold Crypto Future first appeared on BitcoinWorld and is written by Editorial Team
More than 10,000 South Korean crypto investors now hold digital assets exceeding 1 billion won ($750,000) across domestic exchanges, with young investors in their 20s maintaining the highest average holdings despite representing the smallest demographic group. According to the Korean Times , the data showed that one in five Koreans actively trades cryptocurrencies. Young Investors Lead Holdings With Smallest Numbers Financial Supervisory Service data submitted to lawmakers reveals 10,810 users across Korea’s five major exchanges, including Upbit, Bithumb, Coinone, Korbit, and GOPAX, each held assets surpassing the 1 billion won threshold as of August 5. These crypto millionaires maintain average balances of 2.23 billion won, approximately 217 times the overall user average of 10.27 million won. The demographic breakdown reveals that investors in their 50s dominate by numbers, with 3,994 individuals, followed by those in their 40s with 3,086 participants. Source: YNA However, despite comprising only 137 individuals, investors in their 20s lead by average holdings at 2.69 billion won per person, surpassing all other age groups significantly. Korea’s total crypto trading population has reached 10.86 million active accounts capable of trading, representing roughly 20% of the nation’s 51.7 million population. Collectively, these users hold digital assets worth 111.6 trillion won, with Upbit commanding 76% of millionaire investors despite holding 52% market share across the top five exchanges. Government Fast-Tracks Pro-Business Crypto Reforms President Lee Jae-myung’s administration has designated crypto market development as a “key national task” within its five-year state administration plan, prioritizing stablecoin regulations and institutional trading reforms. The Presidential Committee on State Affairs identified “construction of a digital asset ecosystem” among 123 critical government objectives, signaling unprecedented regulatory support. In fact, in July, the government is already moving to reclassify crypto trading firms as “venture companies,” granting access to tax incentives, subsidies, and state-backed financing previously denied since 2018. South Korea is moving to reclassify crypto firms as “venture companies,” which would grant access to government subsidies. #SouthKorea #Crypto https://t.co/FucfcydMDq — Cryptonews.com (@cryptonews) July 9, 2025 The Ministry of SMEs and Startups proposed amendments to include Virtual Asset Service Providers under venture company status, potentially reversing policies that previously categorized crypto firms alongside gambling venues. Financial regulators have lifted restrictions on institutional crypto investments while preparing to approve Korea’s first spot cryptocurrency ETFs. The Financial Services Commission presented implementation measures for spot crypto ETFs and regulatory frameworks for won-based stablecoins scheduled for the second half of 2025. Major financial institutions have filed numerous stablecoin trademark applications following Lee’s campaign promises to launch Korean won-pegged digital currencies for business and international trade. Leading banks and IT companies are developing crypto-related business plans, anticipating opportunities in advanced payment platforms. However, regulatory crackdowns continue in specific areas. The Financial Services Commission suspended all crypto lending services after 27,600 investors borrowed 1.5 trillion won in the first month, with 13% facing forced liquidations due to market volatility. Young Investors Drive Adoption Despite Regulatory Uncertainties According to a recent report from Cryptonew, Korean investors in their 20s and 30s increasingly favor crypto investments over traditional U.S. tech stocks , with crypto-related equity investments rising from 8.5% in January to 36.5% in June before declining to 31.4% in July. The Korean Center for International Finance attributed this shift to expanding stablecoin opportunities following the U.S. GENIUS Act passage . US President Donald Trump displays the GENIUS Act after signing. Source: LiveNowFox Retail investment in U.S. big tech shares dropped from a monthly average of $1.68 billion between January and April to just $260 million in July. Younger demographics allocated an average of 14% of their financial assets to cryptocurrencies, with over half of South Koreans aged 20-59 having crypto trading experience. Similarly, survey data from June indicates that 27% of respondents currently hold cryptocurrencies, with average holdings reaching 13 million won ($9,547) per investor. Early adopters typically began with Bitcoin before diversifying into altcoins and stablecoins as experience increased, with 60% starting investments during the 2020 bull run. While adoption is growing in the country, tax authorities have also intensified crypto asset seizures from tax evaders, with Jeju City recently completing investigations of 2,962 residents and seizing 230 million won worth of cryptocurrencies from 49 individuals. Seoul’s Gangnam District recovered over $144,000 through similar enforcement actions, using AI-powered tools to identify hidden crypto assets. Crypto taxation remains suspended until January 2027, creating a grace period during which capital gains taxes are not imposed. Political leaders warn that the Democratic Party may enforce virtual asset taxation starting in 2027 to secure tax revenue amid expansionary fiscal policies. The post Over 10,000 Koreans Now Hold $750K+ in Crypto as Young Investors Lead by Holdings appeared first on Cryptonews .
Dubai, UAE, August 25th, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, released its latest Crypto Insights Report on Ethereum (ETH) , outlining the key levels, catalysts, and institutional trends shaping the asset’s outlook. ETH is currently trading around $4,218, consolidating after a rally that pushed it within reach of its all-time high of $4,867. With a 63% year-to-date return, Ethereum continues to outperform broader markets, raising the question: what’s next for the second-largest cryptocurrency by market cap? Key Highlights Critical resistance at $4,867 — breaking this ATH zone would mark a renewed bullish phase. $5,000–$5,500 target zone — a psychological milestone, supported by ETF inflows, whale accumulation, and network upgrades. Medium-term projections — $6,700 to $10,000 depending on ETH/BTC performance and macro conditions. Institutional demand surging — declining exchange reserves signal a potential supply squeeze. The report identifies $5,000 as the next major resistance level for ETH, emphasizing its dual importance as both a technical barrier and psychological milestone. Historically, Ethereum has required multiple attempts to clear each round-number threshold, with successful breakouts often triggering fresh waves of momentum. If ETH can decisively push through $5,000, analysts see the potential for a rally toward $5,500 and beyond, particularly if ETF inflows remain strong and network fundamentals continue to strengthen. Looking further ahead, Ethereum’s on-chain indicators and ETH/BTC strength point to sustained upside potential. The MVRV ratio has rebounded from early-year lows, suggesting ETH is entering a more bullish phase. Meanwhile, the ETH/BTC ratio has nearly doubled from cycle lows, signaling renewed dominance against Bitcoin. Should ETH revisit historical highs in this ratio, its price could target the $10,000 mark, assuming a supportive macro backdrop and steady Bitcoin performance. Underlying these technical and on-chain signals is a growing wave of institutional accumulation. Corporates such as Bitmine Immersion Technologies and SharpLink Gaming have accelerated ETH purchases during market dips, contributing to the steady decline of exchange reserves. With more ETH locked into staking, treasuries, and long-term custody, the available supply on centralized exchanges continues to shrink. This supply-side squeeze not only reinforces Ethereum’s position as a strategic asset but also heightens the potential for sharp price movements during demand surges. #Bybit / #TheCryptoArk / #BybitReport About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Contact AuTonyBybitmedia@bybit.com Disclaimer: This is a sponsored press release 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.
Dogecoin , a cryptocurrency created in 2013, is inspired by Bitcoin and features a cute Shiba Inu character as its logo. Developed by Billy Markus and Jackson Palmer, it’s based on Litecoin technology and uses the Scrypt algorithm, offering fast transaction confirmations and low transaction fees. This article will explore how you can potentially achieve daily profits of up to $18,000 USD through cloud mining Dogecoin. Advantages of SIM Mining Receive an instant $100 bonus upon registration. Users don’t need to purchase expensive mining equipment or sign contracts; you’ll earn income every 24 hours. Deposits and withdrawals are supported for multiple cryptocurrencies, including DOGE, BTC, ETH, and more. Intuitive interface design suitable for both novice and experienced miners. Transparent pricing, with no hidden fees or administrative charges. Funds are safe, user funds are stored in first-tier banks, personal information is protected by SSL encryption, and investments are insured by AIG Insurance Company. Contract Amount Contract Period Daily income Total revenue 100 $ 1day 1 $ 1 $ 150 $ 2day 6 $ 12 $ 900 $ 3day 17.19 $ 51.57 $ 2300 $ 5day 47.38 $ 236.9 $ 5500 $ 10day 120.45 $ 1204.5 $ 30000 $ 3day 1059 $ 3177 $ 60000 $ 21day 2400 $ 50400 $ 300000 $ 15day 18000 $ 270000 $ How to cloud mine Dogecoin Step 1: Choose a cloud mining service provider Choose a cloud mining service provider like SIM Mining . This platform has a professional analyst and IT team that can analyze your mining rig’s hashrate and promptly update it with the latest rigs to ensure the highest returns. If you’re looking to capitalize on investment opportunities, now is the perfect time to join cloud mining. Step 2: Choose a contract Select the Dogecoin or other cryptocurrency contract you want to purchase. After purchasing a contract, you can start profiting the next day. Once your account balance reaches $150, you can withdraw to your wallet or purchase more contracts. What is Dogecoin cloud mining? Dogecoin cloud mining is the process of verifying transactions on the Dogecoin blockchain through a cloud mining service provider to receive new Dogecoin rewards. Although it looks simple, it is actually quite complex. In cloud mining, the service provider uses multiple computers to process the same batch of transactions simultaneously, but only one computer receives the new Dogecoin rewards. These new coins are earned by appending new transaction blocks to old ones, which requires solving a complex mathematical equation. The first node to solve this equation wins and gets to add the newly confirmed transaction block to the blockchain. Dogecoin Mining Features Dogecoin mining differs from other cryptocurrencies in several key ways, including: Algorithm: Each cryptocurrency has a unique set of mining rules, called a mining algorithm or hashing algorithm. Block time: This is the average time it takes to check a new transaction block and add it to the blockchain. Difficulty: This number indicates the difficulty of mining new coins and fluctuates based on the number of miners. Reward: The amount of new coins awarded to a miner with each new block. About SIM Mining SIM Mining offers an extremely convenient cloud mining service, ideal for beginners. The platform’s user-friendly interface makes it easy for even cryptocurrency newbies to get started. SIM Mining is renowned for its global network of over 108 mining farms and 800,000 mining rigs, all powered by renewable energy. This ensures stable and secure returns, earning the trust of millions of users. Security and Sustainability Trust and security are paramount in the mining world. SIM Mining is committed to transparency and legality, ensuring user investment is protected, allowing users to focus on profitability. All mining farms are powered by renewable energy, achieving carbon neutrality and contributing to environmental protection. Conclusion SIM Mining is an ideal option for investors looking to explore free cryptocurrency mining. It offers cutting-edge technology, environmentally friendly mining methods, and generous free mining vouchers. Whether you’re a beginner or an experienced user, SIM Mining welcomes investors from all over the world. For more information, please visit the official website: https://www.simmining.com or contact the official email: info@simmining.com. Download the app: https://simmining.com/xml/index.html#/app Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Get $100 for Free: SIM Mining Free Cloud Mining Helps Dogecoin Enthusiasts Earn High Passive Daily appeared first on Times Tabloid .
Justin Sun, the Chinese-born crypto billionaire behind Tron, has served as the prime minister of the self-proclaimed micronation Liberland since 2024, having been reelected multiple times in quarterly votes. Key Takeaways: Crypto mogul Justin Sun has become the prime minister of Liberland, a self-proclaimed micronation. Liberland has relied on crypto donors and experiments with tokens and blockchain governance. Sun’s close ties to Donald Trump and his family could help Liberland push for U.S. recognition and greater global legitimacy. The Free Republic of Liberland, founded in 2015 on a disputed patch of land between Croatia and Serbia, has long sought international recognition. With Sun now in its top political role, the project is hoping for a breakthrough, according to a Wired report . Czech Politician Plants Flag, Founds Liberland Liberland was created by Czech politician Vít Jedlička, who planted a flag on a Danube riverbank after concluding that European democracies were mired in regulation and overtaxation. The territory, unclaimed due to a border dispute, has been repeatedly blocked by Croatian authorities, who dismiss the effort as “a fictitious project of a handful of adventurers.” Settlers have faced police evictions more than two dozen times, and the land remains largely undeveloped. Despite these obstacles, Liberland has built a following in libertarian and crypto circles. Wealthy digital asset donors have kept the project alive, funding experiments such as the launch of two native tokens, a blockchain voting system, and even a national blockchain. Sun was first elected prime minister in October and has since been reelected three times in quarterly votes. Sun has compared Liberland to the Vatican, calling it a symbolic center for the libertarian movement. “Libertarians everywhere may have their own countries and nationalities, but Liberland will serve as their ideological homeland,” he wrote on X after his election. Many friends have recently asked me about my involvement with @Liberland_org , and I am indeed very happy to see the community elect me as the Prime Minister of Liberland. My understanding of Liberland is as follows: Liberland is not just a country; it is a manifestation of a… — H.E. Justin Sun (Astronaut Version) (@justinsuntron) October 11, 2024 President Jedlička argues Sun’s involvement brings credibility: “We are taken more seriously when we have a person like Justin Sun on board.” Sun Has Close Ties With Donald Trump The Tron founder has close ties to former U.S. president Donald Trump and his family. He has invested tens of millions in Trump-linked crypto projects such as World Liberty Financial, appeared at Trump’s golf club events, and been referred to as a “great friend” by Eric Trump. Sun has hinted he plans to leverage these connections to push for U.S. recognition of Liberland, reasoning that other countries would follow Washington’s lead. Jedlička has suggested Sun has already spent time in the White House. “In general, his task is to help us get Liberland recognized and up and running,” he said, adding that the effort is being taken “seriously.” Liberland continues to mix serious ambition with eccentric projects. After Sun’s sub-orbital flight with Blue Origin in August, the government announced plans to plant its flag on an asteroid in partnership with space startup LifeShip. Meanwhile, settlers on the ground have managed to build a treehouse and a beach bar after months without interference from Croatian police. Earlier this month, Liberland’s delegation attended former U.S. congressman Ron Paul’s 90th birthday, where the country was listed as an “official partner.” Jedlička later claimed ties with the Trump administration were strengthening. For now, Liberland remains a small patch of riverfront forest with a dozen settlers, but with Justin Sun as its prime minister, it is once again pushing for relevance on the global stage. The post Micronation Liberland Bets on Crypto Mogul Justin Sun to Win Global Recognition appeared first on Cryptonews .
BitcoinWorld Astounding Bitcoin Whale Profit: $39.36M Secured from ETH Long The cryptocurrency world is buzzing with news of an incredible Bitcoin whale profit ! A long-dormant investor, who strategically swapped their Bitcoin (BTC) for Ethereum (ETH) years ago, recently closed out a significant portion of their ETH long positions. This move resulted in a staggering $39.36 million in realized gains, as reported by prominent on-chain analyst ai_9684xtpa. This story is a compelling example of how patience and strategic market moves can lead to immense success in the volatile crypto landscape. Decoding the Astounding Bitcoin Whale Profit This particular whale, a significant market player, had been inactive for an impressive seven years. Their re-emergence to make such a calculated and profitable move has captured the attention of investors worldwide. The investor strategically spread their Ethereum long positions across five different digital addresses. By expertly closing two of these positions, they successfully locked in tens of millions of dollars, transforming potential gains into concrete wealth. This event isn’t just a fascinating anecdote; it’s a powerful demonstration of the immense potential for wealth creation within the crypto market. It highlights the critical role of long-term vision and the ability to identify and act upon opportune moments. Furthermore, it underscores the invaluable insights provided by diligent on-chain analysis, which allows us to track such significant market shifts. What Was the Strategy Behind This Massive Bitcoin Whale Profit? The core strategy employed by this whale was remarkably simple, yet profoundly effective: convert existing Bitcoin holdings into Ethereum and maintain these positions for an extended period. This long-term “hodling” approach allowed the investor to fully capitalize on Ethereum’s impressive price appreciation over several years. It’s a classic example of buying low and selling high, but on an epic scale. Initial Strategic Conversion: The whale made a decisive move to convert a substantial amount of their Bitcoin into Ethereum, betting on ETH’s future growth. Patient Long-Term Hold: They demonstrated remarkable patience, holding these ETH positions for a significant duration, allowing the market to mature and values to climb. Timely and Strategic Exit: When market conditions were favorable, they executed a partial closure of their long positions, skillfully securing their impressive profit. Such patience and strategic foresight are often distinguishing characteristics of successful whale-level trading, setting these large investors apart from those focused on short-term fluctuations. What Insights Can We Gain from This Bitcoin Whale’s Actions? While the actions of a single whale might seem isolated, they frequently offer valuable clues about broader market sentiment and potential trends. When a large holder like this realizes such substantial profits, it can send several signals to the market: Firstly, it might suggest that the whale perceives current market conditions as opportune for taking some profits off the table, perhaps anticipating a period of consolidation or a slight pullback. Secondly, the fact that the whale still maintains a significant portion of their holdings demonstrates continued conviction in Ethereum’s long-term value and future prospects. On-chain analyst ai_9684xtpa specifically noted that this whale still holds approximately 40,000 ETH in long positions. These remaining holdings are distributed across three addresses on the decentralized exchange Hyperliquid (HYPE), representing about $11.17 million in unrealized gains. This continued holding reinforces their belief in ETH’s ongoing potential. How Can You Learn from This Bitcoin Whale Profit Story? It’s true that not everyone operates with the capital scale of a crypto whale, but there are universally applicable lessons to be learned from this extraordinary story: Embrace Long-Term Vision: Patience is not just a virtue; it’s a powerful strategy in volatile markets. Identifying strong assets and holding them through market cycles can yield substantial rewards. Consider Diversification: The initial swap from BTC to ETH illustrates a willingness to adapt and strategically diversify within the dynamic crypto ecosystem. Don’t put all your digital eggs in one basket. Master Strategic Exits: Knowing precisely when to take profits is as crucial as knowing when to enter a position. Securing gains prevents them from evaporating in market downturns. Utilize On-Chain Data: While complex, insights from on-chain analysis can provide an edge, helping you understand the moves of significant market participants. Understanding the movements of these large holders, often termed “whales,” can indeed offer a glimpse into potential market trends. However, always remember the golden rule: conduct your own thorough research and consult with financial professionals before making any investment decisions. The crypto market is inherently risky, and past performance is not indicative of future results. In conclusion, the recent realization of an astounding $39.36 million Bitcoin whale profit from Ethereum long positions stands as a powerful testament to strategic, long-term investing in the cryptocurrency space. This whale’s journey, from a dormant Bitcoin holder to a substantial Ethereum profit-taker, offers a fascinating and instructive case study. It vividly highlights the potential for significant returns when patience, precise timing, and a deep understanding of market dynamics converge. As this astute investor continues to hold a considerable ETH position, the broader crypto community watches with keen interest, eager to see what their next move might be. Frequently Asked Questions (FAQs) What is a crypto whale? A crypto whale is an individual or entity that holds a very large amount of cryptocurrency, enough to potentially influence market prices with their trades. How did this specific whale achieve such a significant profit? This whale made a strategic move by converting Bitcoin into Ethereum years ago and holding those ETH positions for an extended period, allowing them to capitalize on Ethereum’s substantial price increase. They then partially closed these long positions to realize the profit. What does “ETH long position” mean? An “ETH long position” means the investor has bought Ethereum with the expectation that its price will rise. They profit when the price increases. Why is this particular Bitcoin whale profit story significant? It’s significant because it demonstrates the power of long-term strategic investing in the crypto market and provides insights into how large players manage their portfolios, often influencing market sentiment. Does the whale still hold any Ethereum? Yes, the whale still holds approximately 40,000 ETH in long positions across three addresses, representing about $11.17 million in unrealized gains, indicating continued confidence in Ethereum. Did this incredible story of a Bitcoin whale profit inspire you? Share this article with your friends and fellow crypto enthusiasts on social media to spread the word about strategic investing in the digital asset space! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum market dynamics . This post Astounding Bitcoin Whale Profit: $39.36M Secured from ETH Long first appeared on BitcoinWorld and is written by Editorial Team
Binance Australia has been given 28 days to appoint an external auditor following allegations of serious gaps in AML controls.
Bitcoin CEO and Trump crypto policy adviser David Bailey declared there will be no Bitcoin bear market for several years, citing massive institutional adoption even as Bitcoin trades near its August bottom of $112,000. Bailey argued that sovereigns, banks, insurers, corporates, and pension funds will drive continuous buying pressure, claiming the market hasn’t captured even 0.01% of the total addressable market. The bold prediction comes as Bitcoin struggles with price momentum despite reaching a new all-time high of $124,000 on August 13. The crypto currently trades around $112,000, representing a 10% decline from its peak and marking what analysts consider a concerning August bottom amid broader altcoin strength. There’s not going to be another Bitcoin bear market for several years. Every Sovereign, Bank, Insurer, Corporate, Pension, and more will own Bitcoin. The process has already begun in earnest, yet we haven’t even captured 0.01% of the TAM. We’re going so much higher. Dream big — David Bailey $1.0mm/btc is the floor (@DavidFBailey) August 23, 2025 Bailey’s comments sparked debate among crypto veterans, with some questioning why Bitcoin declined during a raging bull equity market if institutional demand remains so robust. Critics noted that Bitcoin treasury companies face mounting pressure, with nearly a quarter trading below net asset value as market conditions tighten. Institutional Appetite Contrasts With Technical Weakness Bailey defended Bitcoin’s recent weakness by attributing price pressure to futures and options manipulation rather than fundamental demand shifts. He maintained that growing institutional adoption represents the first genuine institutional buy-in Bitcoin has experienced, distinguishing current conditions from previous cycles driven primarily by retail speculation. Corporate Bitcoin holdings have exploded to over $215 billion, with close to 300 entities, with public companies controlling 71.4% of total institutional reserves. Source: Bitcoin Treasuries MicroStrategy leads with over 629K BTC, followed by MARA Holdings at over 50K BTC. However, new research from Sentora warns that this corporate Bitcoin experiment faces structural risks during credit cycle downturns. The study characterizes most strategies as “negative-carry trades” where companies borrow fiat to acquire non-yielding assets, creating dangerous dependencies on continued Bitcoin appreciation. Mining companies face particular vulnerability with razor-thin margins, often becoming structurally unprofitable below $100,000 Bitcoin prices. Marathon Digital and similar firms maintain Bitcoin exposure representing 50-80% of their total assets, creating high liquidation risks during market downturns. VanEck Maintains $180K Target as Opinion Leaders Rally Behind Bull Case Investment firm VanEck has recently reaffirmed its $180,000 year-end Bitcoin price target despite recent volatility, with CME basis funding rates surging to 9% – the highest level since February 2025. The firm’s research indicates institutional demand remains robust, with exchange-traded products purchasing 54,000 BTC and Digital Asset Treasuries adding 72,000 BTC in July alone. VanEck maintains $180K Bitcoin forecast as CME basis rates hit 9% peak driven by institutional demand. #Bitcoin #BullRun https://t.co/ZsXmtpIvbU — Cryptonews.com (@cryptonews) August 24, 2025 Coinbase CEO Brian Armstrong also predicted Bitcoin could reach $1 million by 2030 . Armstrong cited regulatory clarity and institutional adoption as key drivers for the ambitious target, noting many large funds currently hold about 1% Bitcoin allocations with room for significant expansion. Similarly, Copper’s head of research, Fadi Aboualfa, suggested Bitcoin appears “primed for another significant leg upward” but cautioned that institutional-driven markets may follow a “more tempered path” compared to previous retail-fueled cycles. Aboualfa projected Bitcoin could breach $140,000 in September and reach $150,000 by early October. However, Galaxy Digital CEO Mike Novogratz provided a contrarian perspective, warning that million-dollar Bitcoin predictions would likely reflect U.S. economic collapse rather than crypto success. Novogratz argued he would prefer lower Bitcoin prices in a stable economy over extreme valuations driven by a currency crisis. Cycle Debate Intensifies as Altcoins Outperform Bitcoin Bailey’s no-bear-market thesis contradicts Glassnode analysis , suggesting Bitcoin’s traditional four-year cycles remain structurally intact despite institutional integration. The blockchain analytics firm found that current cycle duration and long-term holder profit-taking levels closely mirror previous patterns. Glassnode data indicates Bitcoin’s current cycle has maintained supply above profitable levels for 273 days, making it the second-longest duration on record behind the 2015-2018 cycle’s 335 days. Source: Glassnode Capital inflows weakened despite new all-time highs, with realized cap increases reaching only 6% monthly compared to 13% during the initial $100,000 breakout. Derivatives markets continue exhibiting elevated risk appetite characteristic of mature bull phases, with Bitcoin futures open interest maintaining $67 billion levels. Ethereum’s derivatives dominance also reached critical levels, with perpetual futures volume hitting an all-time high of 67% versus Bitcoin markets. The altcoin surge contrasts sharply with Bitcoin’s August weakness. Ethereum reached a historic all-time high of around $5,000 with projections toward $6,900, while BNB hit new peaks near $900, driven by ecosystem developments and token burning mechanics. Notably, early Bitcoin whales have begun rotating assets, with one holder moving 400 BTC worth $45.5 million into leveraged Ethereum positions, and another sold 24,000 BTC just a few hours ago. The post Trump Adviser Bailey Sees No Bitcoin Bear Market for Years Even as Price Hits August Bottom appeared first on Cryptonews .
COINOTAG News reported on August 25 that Bitcoin extended losses to a third straight day, mirroring pre-market weakness among US cryptocurrency concept stocks. This movement was recorded in market data
While Ethereum has historically led advancements in the blockchain sector, its latest ETF buzz has been shadowed by regulatory hesitations, stalling the anticipated influx of institutional funds. Despite trading highs above $3,400, the waning excitement could signify a shift in the market dynamics. Simultaneously, the emergence of Bitcoin Swift, which has gathered over $1,000,000 and rallied more than 4,000 community enthusiasts, underscores a pivotal moment in the crypto landscape with its pre-launch excitement slated for August 30. Dissecting Bitcoin Swift's Innovative Edge Amid the current crypto discourse, Bitcoin Swift has introduced a novel Proof of Yield (PoY) staking rewards model. This model ensures immediate returns to early backers, setting a precedent that contrasts sharply with speculative investment tendencies. This approach is triggering a significant shift in investor interest, potentially positioning BTC3 as a frontrunner in the 2025 market predictions. Technological Superiority and Market Readiness Bitcoin Swift isn't merely a cryptocurrency but a decentralized financial system integrating advanced blockchain technologies such as AI smart contracts and zk identity proofs. These features, combined with a hybrid consensus model, enhance privacy, governance, and compliance—facets crucial for widespread adoption. Bitcoin Swift's transition to Solana ensures rapid transaction capabilities, a strategic move to facilitate scalability. Endorsements through rigorous audits like the Cyberscope , Solidproof , and Spywolf audits, further catalyze trust and transparency in its presale process. A Future-Ready Crypto Presale: Stage 6 Analysis The ongoing Stage 6 of the presale showcases a remarkable 166% APY and a token pricing set to escalate market enthusiasm. With the presale nearing its completion, investors are rapidly capitalizing on the high-yield opportunities present before the official market launch on August 30. Moreover, the presale incentivizes participation through a tiered bonus system rewarding substantial token bonuses for higher investments, enhancing the attractiveness for both small and large investors. Concluding Thoughts: A Paradigm Shift in Crypto Investments The fading allure of Ethereum's ETF contrasts starkly with the dynamic surge of Bitcoin Swift. This new player is not only reshaping investment flows but also setting new standards in crypto economics with its early payouts and robust technological framework. As the market anticipates its next movements, Bitcoin Swift is well-positioned to capitalize on these emerging trends. For more information on Bitcoin Swift:Website: bitcoinswift.com Follow updates on X : https://x.com/BTC3Project Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.