The U.S. House narrowly advanced landmark cryptocurrency legislation Wednesday, including a stablecoin regulatory framework and market structure rules, after a controversial procedural vote. By a 215-211 vote, the House agreed to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which creates federal oversight for stablecoin issuers and could reach
Grok, an artificial intelligence tool built into X, formerly known as Twitter, appears to be bullish on popular memecoin Dogecoin (DOGE). When quizzed about its near-term outlook for the memecoin, Grok outlined three attainable price points for 2025. On X, Grok 3 observed the chaotic state of the memecoin market, asserting that market volatility is
BitcoinWorld Bold Bitcoin Treasury Strategy: Super Copper’s Pioneering Move in Corporate Adoption In a groundbreaking announcement that has sent ripples through both the mining and cryptocurrency sectors, Super Copper Corp. (CSE: CUPR) has declared its intention to allocate a significant portion of its corporate treasury into Bitcoin (BTC). This strategic pivot, earmarking up to 20% of its treasury for the world’s leading cryptocurrency, positions Super Copper at the forefront of a growing trend: the Bitcoin treasury strategy . This move isn’t just about investing; it’s a statement about the evolving perception of digital assets within traditional industries. For years, Bitcoin has been debated as a viable asset class, but its recent maturation has seen it gain acceptance among institutional players and publicly traded companies. Super Copper’s decision is a clear indicator of this shift, viewing Bitcoin not merely as a speculative asset, but as a robust store of value and a crucial hedge against financial risks. While their core mission remains copper exploration, this bold financial maneuver underscores a proactive approach to modern treasury management. Why Embrace a Bitcoin Treasury Strategy Now? The question on many minds is, why now? Super Copper’s decision to integrate Bitcoin into its financial framework reflects a broader macro-economic environment characterized by inflation concerns, currency debasement, and a search for alternative assets. Traditional corporate treasuries often rely on cash, short-term bonds, and other low-yield instruments, which are increasingly vulnerable to inflationary pressures. Bitcoin offers a compelling alternative for several reasons: Inflation Hedge: With its capped supply of 21 million coins, Bitcoin is often touted as ‘digital gold,’ a scarce asset designed to retain value against the backdrop of expanding fiat money supplies. Store of Value: Beyond inflation, Bitcoin has demonstrated remarkable resilience and growth over its lifetime, solidifying its position as a reliable long-term store of value for forward-thinking corporations. Diversification: Adding Bitcoin to a treasury portfolio can provide diversification away from traditional assets, potentially reducing overall portfolio risk and enhancing returns. Technological Advancement: Embracing Bitcoin also signals a company’s willingness to innovate and adapt to the digital economy, potentially attracting a new generation of investors and talent. Super Copper’s Bold Step: The Rise of Corporate Bitcoin Adoption Super Copper’s announcement, as reported by PR Newswire, places it alongside a growing list of public companies that have strategically allocated capital to Bitcoin. This trend of corporate Bitcoin adoption began notably with companies like MicroStrategy and Tesla, but has since expanded to include a diverse range of industries. Super Copper’s entry is particularly significant as it comes from the resource sector, a traditionally conservative industry. What sets Super Copper apart is its explicit commitment to maintaining its primary focus on copper exploration while simultaneously fortifying its balance sheet with a digital asset. This dual strategy suggests a nuanced understanding: Bitcoin is not a distraction, but a complementary tool for financial resilience. The allocation of up to 20% is substantial, indicating a strong conviction in Bitcoin’s long-term value proposition. Key Players in Corporate Bitcoin Holdings: While Super Copper is making headlines, it’s part of a larger movement. Here’s a glimpse at how some other notable companies have approached their BTC treasury : Company Industry Approx. BTC Holdings (as of recent data) Primary Rationale MicroStrategy Business Intelligence ~214,400 BTC Primary treasury reserve asset, inflation hedge Tesla Automotive/Energy ~9,720 BTC Diversification, long-term store of value Marathon Digital Holdings Bitcoin Mining ~17,800 BTC Operational treasury, self-mined holdings Coinbase Cryptocurrency Exchange ~9,000 BTC Operating assets, supporting ecosystem Understanding Bitcoin as a Store of Value for Corporations The core of Super Copper’s rationale rests on Bitcoin’s perceived status as a Bitcoin store of value . But what exactly does this mean in a corporate context, and what are the nuances? Historically, gold has been the go-to store of value due to its scarcity and long history of holding purchasing power. Bitcoin shares many of these characteristics, often referred to as ‘digital gold.’ Its decentralized nature, resistance to censorship, and verifiable scarcity make it an attractive asset for companies looking to protect their capital from geopolitical instability, central bank policies, and systemic financial risks. Benefits for Corporate Treasuries: Scarcity and Predictability: Bitcoin’s supply schedule is fixed and transparent, offering predictability that traditional fiat currencies lack. Global Liquidity: Bitcoin is a globally traded asset, providing 24/7 liquidity and ease of transfer across borders. Transparency and Auditability: The blockchain ledger provides a transparent and auditable record of all transactions, enhancing trust. Hedge Against Inflation: As mentioned, its limited supply makes it a strong candidate for hedging against the erosive effects of inflation. Challenges and Considerations: While the benefits are compelling, adopting Bitcoin into a corporate treasury is not without its challenges: Price Volatility: Bitcoin is known for its price swings, which can introduce short-term risks to a treasury portfolio. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving in many jurisdictions, posing potential compliance challenges. Custody and Security: Securely holding significant amounts of Bitcoin requires specialized knowledge and robust security protocols to prevent hacks or loss. Accounting Treatment: The accounting treatment of Bitcoin can be complex, often requiring fair-value adjustments that impact financial statements. Companies like Super Copper must carefully navigate these challenges, often consulting with specialized firms for custody solutions and legal advice. Navigating the Future: Implications for BTC Treasury Management The move by Super Copper Bitcoin is more than just an investment; it’s a strategic shift in how corporate finance might operate in the future. Effective BTC treasury management requires a sophisticated understanding of both traditional finance and the unique characteristics of digital assets. Actionable Insights for Companies Considering Bitcoin: Start Small: Companies don’t need to go all-in immediately. A gradual allocation, like Super Copper’s up to 20%, allows for learning and adaptation. Robust Custody Solutions: Partner with reputable institutional-grade custodians to ensure the secure storage of Bitcoin. Clear Accounting and Reporting: Establish clear internal policies and work with auditors to ensure proper accounting and financial reporting. Risk Management Framework: Develop a comprehensive risk management framework that addresses volatility, regulatory changes, and cybersecurity risks. Educate Stakeholders: Ensure that board members, executives, and key employees understand the rationale, risks, and benefits of Bitcoin adoption. Super Copper’s decision could pave the way for more traditional mining and resource companies to explore similar strategies. As global economic uncertainties persist, the appeal of a decentralized, scarce asset like Bitcoin will likely grow stronger. Beyond the Hype: What Super Copper Bitcoin Means for the Industry The integration of Super Copper Bitcoin into its treasury signifies a maturation of the cryptocurrency market. It’s no longer just tech companies or financial institutions dabbling in crypto; it’s traditional, asset-heavy industries recognizing its value. This move by a copper exploration company sends a powerful message about the versatility and broad appeal of Bitcoin as a corporate asset. It highlights that the digital and physical economies are converging. A company that extracts a foundational element of the physical world (copper) is now leveraging a foundational element of the digital world (Bitcoin) to secure its financial future. This synergy could inspire other resource companies, manufacturers, and even agricultural firms to consider how digital assets can enhance their financial resilience and innovation. Conclusion: A New Era of Corporate Finance Super Copper Corp.’s decision to allocate a portion of its treasury to Bitcoin marks a significant milestone in the ongoing narrative of corporate Bitcoin adoption. By recognizing Bitcoin as a strategic store of value and a hedge against financial risks, Super Copper is not just making an investment; it’s signaling a forward-thinking approach to treasury management in an increasingly complex global economy. This bold move could inspire other traditional industries to re-evaluate their financial strategies, paving the way for a new era where digital assets play a crucial role in safeguarding corporate wealth and fostering innovation. The future of corporate finance is undoubtedly becoming more decentralized, more digital, and more resilient. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Bold Bitcoin Treasury Strategy: Super Copper’s Pioneering Move in Corporate Adoption first appeared on BitcoinWorld and is written by Editorial Team
The chair of the EU’s Anti-Money Laundering Authority (AMLA) noted the ‘fragmented’ EU crypto markets, and the risk of the ‘diverging application’ of rules.
The past week has been nothing short of interesting for XRP. Notably, the cryptocurrency has been on an extended run of increases in the past seven days, which saw it momentarily touch the $3 price level for the first time in months. This interesting move came after reports broke of the US Securities and Exchange Commission’s approval of the ProShares Ultra XRP ETF, which allowed XRP to extend its upward movement. However, this momentum didn’t just affect price; it also had major effects on XRP’s standing in the overall crypto market. XRP Becomes Top 3 Crypto The SEC’s decision to approve the ProShares Ultra XRP ETF, which offers 2x daily exposure through futures contracts, is an interesting milestone for XRP. After years of legal scrutiny and uncertainty, especially following the SEC’s 2020 lawsuit against Ripple, the ETF approval is a remarkable change in the SEC’s stance with XRP. It shows that XRP has not only survived the challenges but has also earned a place in the next phase of institutional adoption of cryptocurrencies. Related Reading: XRP ETF Race Heats Up: Why July 14, July 21, And July 25 Are Important After news of the ProShares ETF approval, XRP rallied sharply and outperformed many other top assets on both the daily and weekly timeframes. This surge came as a continuation of bullish momentum already building from Bitcoin’s recent breakout to new all-time highs above $122,000. However, even while Bitcoin corrected back to below $118,000, XRP managed to keep up with the pace of inflows. At the time of writing, XRP is up by about 25.7% in a seven-day timeframe. This notable increase has allowed its market cap to increase to $173.4 billion, effectively overtaking that of Tether USDT’s market cap of $159.8 billion. This means that XRP is now back to being the third-biggest cryptocurrency by market cap and it is now closing in on Ethereum in rankings. Can The Altcoin Flip ETH? XRP’s climb past USDT in market capitalization reflects both a solid price surge and its strength in the crypto market. The next target on the leaderboard, however, is much more formidable. To flip ETH in market cap, XRP would need to more than double from its current $173.46 billion to exceed Ethereum’s $381.13 billion. Assuming the current circulating supply of 59.13 billion XRP tokens is kept at this level, this translates to a required price of roughly $6.60 per XRP in order to reach a $381.13 billion market cap. Related Reading: Official Ripple Document Surfaces Online, Revealing What Will Drive The XRP Price Higher XRP overtaking ETH would also be somewhat of a hard task, considering the fact that ETH has also kept up interesting price gains in the past few days. Particularly, the leading altcoin is also up by about 20.2% in the past seven days. Ethereum’s price performance can be attributed to the steady inflows into Spot Ethereum ETFs, which have witnessed $1.55 billion inflows in July. However, XRP still has a chance of overtaking Ethereum, especially when a Spot XRP ETF is approved by the SEC. An important moment could happen on July 25, when the SEC is expected to decide on the REX-Osprey XRP ETF, which is a spot-based ETF. Some analysts believe XRP’s price could skyrocket toward $1,000 under a scenario of full-scale institutional adoption. If that vision materializes, XRP wouldn’t just surpass Ethereum; it would be positioned to compete with Bitcoin in market cap. At the time of writing, XRP is trading at $2.93. Featured image from Getty Images, chart from Tradingview.com
With Ripple’s XRP nearing the $5 mark following a strong technical breakout, market pundits are turning their attention to another new player, Mutuum Finance (MUTM) . Phase 5 Mutuum Finance presale recently crossed 70% sold out at $0.03. This is as cheap as the token gets, with later phases guaranteeing a hike in price. Presale has garnered more than $12.4 million and opened up to more than 13400 unique holders. As XRP’s value appreciation is a testament to growing confidence in regulatory certainty and global adoption, Mutuum Finance is making real ripples in the DeFi market. Hyped for its focus on using real-world assets in lending and a capital-effective model, Mutuum Finance is fast becoming popular among traditional investors as well as DeFi-bred players. XRP Price Analysis: On Course to Breakthrough to $5 XRP is priced at around $2.85, slightly down from intraday high $3.02, but showing strong resilience following a rally in global markets. New technical breakthroughs, such as a breakout higher over significant resistance levels near $2.36 and establishment of bullish chart patterns, have revived expectations of a move to the $5 level, a level referred to by many analysts. Institutional buying also appears to be picking up, with even more tailwinds added to the trend, but some caution the market is still volatile to broader macro and regulatory trends. While XRP attempts to navigate this critical space, Mutuum Finance modestly continues to ascend on the DeFi front. Mutuum Presale Phase 5 Approaches Sellout with Increasing Demand Mutuum Finance is gaining traction in Phase 5 of the presale. The project stands out from other projects in that it has real use cases and does not rely on hype. Investor interest is growing with the project having already passed more than $12.4 million and having over 13400 token holders. Increasing Community and Incentive Programs Mutuum Finance (MUTM) is awarding a $100,000 giveaway , as a token of appreciation to early supporters and in remembrance of presale frenzy. Ten winners will receive a $10,000 award in MUTM tokens as a token of appreciation for being among the early adopters of the project. As more and more community are growing at an accelerating rate, the early adopters are rewarded not only with the potential future benefits but also with real, living rewards. With its unique leaderboard system the first 50 holders of Mutuum Finance will be rewarded with reward tokens. Mutuum Finance Prepares to Launch USD-Pegged Stablecoin Mutuum Finance is building a fully-collateralized USD-stabilized stablecoin on the Ethereum blockchain. The project was also audited by CertiK, the most secure blockchain security firm. Besides providing reassurance to the investors regarding the code base integrity and transparency, the audit conducted indicates that the project is confident to establish a secure DeFi protocol. For the promise to be made a reality, the project has arrived with the possibility of a 50,000 Bug Bounty Program in association with CertiK. The four categories of vulnerabilities are specifically categorized as critical, major, minor and low. Mutuum Finance (MUTM) has raised more than $12.4 million and has already accumulated over 13,400 holders, making its Phase 5 presale well over 70% sold out. While XRP goes after the $5 mark, MUTM is building a reputation with an actual-world asset lending strategy, audited smart contracts, and a soon-to-be-released USD-pegged stablecoin. Momentum is building from community engagement through a $100,000 giveaway and leaderboard-specific rewards, adding to the momentum. With the backing of transparency, utility, and a clear growth plan, Mutuum Finance will become one of the strongest DeFi initiatives of the year. Mark your spot in the presale before the next stage is live. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Altcoins are igniting the week on a bullish note, and Cardano’s ADA is one of the leading alternative coins on the list. The collective reaction to ADA’s performance sums up the growing optimism amongst key participants. ADA proponents are especially enthusiastic about the coming week, and one key player has made a bold call, hinting
VCI Global’s acquisition of Malaysia’s V Capital Fund Management signals a major advancement in regulated Bitcoin investment for institutional and high-net-worth investors in Asia. This strategic move leverages Labuan’s offshore
The post Crypto Bills Clear Procedural Hurdles in House After Tuesday’s Failure appeared first on Coinpedia Fintech News The United States House of Representatives has voted to advance three major crypto bills on Wednesday. The GENIUS Act, Clarity Act, and the Anti-CBDC Act received an overwhelming support from the Republicans and a majority disapproval from the Democrats. After the three bills failed the procedural votes on Tuesday with 196 to 223 votes, the House of Representatives approved the bills today with a 215 to 211 votes. With the Genius Act having already passed the Senate, President Donald Trump said earlier today that the House will pass the legislation on Thursday. Why the Crypto Bills Passed Today The three crypto bills passed the vital procedural hurdle through the intervention of President Trump during the last 24 hours. The Republican House members who had voted against the bills pushed for clear anti-CBDC regulations. “House Freedom Caucus Members will be voting in favor of the rule today after reaching an agreement with President Trump last night. Under this agreement, the Rules Committee will reconvene later today to add clear, strong anti–Central Bank Digital Currency (CBDC) provisions to the CLARITY legislation,” Representative Andy Harris noted earlier today. Market Impact The imminent approval of the crypto bills will have a profound impact on the wider altcoin market led by Ethereum (ETH). Furthermore, Ethereum among other layer one chains will attract more institutional investors seeking to build fiat-backed stablecoins in a regulated manner. Following the House vote on Wednesday, the Ethereum price surged 6.9 percent in the past 24 hours to trade slightly above $3,308 at the time of this writing. The total crypto market cap edged 3 percent higher in the past 24 hours to hover about $3.8 trillion at the time of this writing. The clear crypto regulations in the United States will set motion for the global markets to follow in the same direction. As a result, the crypto market is well-positioned to grow exponentially in the near future.
BitcoinWorld Ethereum Price: Unleashed for a Potential 30% Surge Against Bitcoin by September Are you closely watching the crypto charts? If so, you’ve likely noticed a significant buzz around Ethereum. Recent market movements suggest that Ethereum price could be gearing up for a substantial surge against Bitcoin, potentially delivering a 30% gain by September. This isn’t just wishful thinking; it’s a forecast backed by intriguing technical patterns and growing institutional interest. Let’s dive into what’s driving this optimistic outlook and what it could mean for your portfolio. Is the ETH BTC Ratio Poised for a Breakthrough? The relationship between Ethereum (ETH) and Bitcoin (BTC) is a crucial indicator for many crypto investors. The ETH BTC ratio recently climbed to a four-month high of 0.0267, a move that has analysts taking notice. This wasn’t just any ordinary price bump; it marked a significant technical breakout. For the first time in a year, the ETH/BTC pair decisively broke above a prominent bull flag pattern and, crucially, its 200-day Exponential Moving Average (EMA). These technical indicators are often seen as strong signals of a potential trend reversal or continuation, suggesting that Ethereum might be entering a period of outperformance against Bitcoin. A bull flag pattern typically forms after a strong price increase (the “flagpole”) followed by a consolidation period (the “flag”). A breakout from this flag often indicates that the preceding upward trend is set to resume with renewed momentum. Coupled with the breach of the 200-day EMA – a long-term moving average widely used to gauge market sentiment and trend direction – the technical picture for ETH/BTC appears increasingly bullish. This combination suggests that the underlying market dynamics are shifting in Ethereum’s favor, setting the stage for potential further gains. What’s Driving Institutional Ethereum Interest? Beyond the charts, fundamental factors are bolstering Ethereum’s position. A significant driver behind the bullish sentiment is the increasing flow of capital from large financial entities. We’re talking about institutional Ethereum interest, which has been steadily growing. This isn’t just about retail investors; it’s about major players like asset managers, hedge funds, and corporations beginning to allocate significant resources to the Ethereum ecosystem. Several factors contribute to this growing institutional appetite: Spot Ethereum ETFs: The anticipation and eventual approval of spot Ethereum Exchange-Traded Funds (ETFs) in key markets could unlock massive new capital inflows. Similar to how Bitcoin ETFs legitimized BTC for traditional finance, Ethereum ETFs would provide a regulated and accessible investment vehicle for institutions. Yield Opportunities: Ethereum’s staking mechanism offers attractive yield opportunities, which are highly appealing to institutions looking for diversified revenue streams beyond traditional fixed income. DeFi and Web3 Adoption: Ethereum remains the foundational layer for the vast majority of decentralized finance (DeFi) applications and the burgeoning Web3 space. Institutions recognize the long-term potential of these technologies and Ethereum’s role as the dominant smart contract platform. ESG Considerations: Following its transition to Proof-of-Stake (PoS) with The Merge, Ethereum significantly reduced its energy consumption, making it a more environmentally friendly asset compared to Proof-of-Work (PoW) cryptocurrencies like Bitcoin. This improved ESG (Environmental, Social, and Governance) profile is increasingly important for institutional investors. These factors combine to create a compelling narrative for institutional investors, positioning Ethereum not just as a speculative asset, but as a crucial piece of the future digital economy. Beyond Price: The Rise of Ethereum Adoption It’s not just about institutions buying ETH; it’s also about how Ethereum is being integrated into the broader financial and technological landscape. We’re witnessing a growing trend of Ethereum adoption , particularly in the realm of corporate treasuries and large-scale applications. This “treasury adoption” refers to companies and financial entities holding Ethereum (or stablecoins built on Ethereum) as part of their balance sheets or using Ethereum-based solutions for their operations. Consider these examples of how Ethereum is being adopted: Stablecoin Dominance: A significant portion of the global stablecoin supply (like USDT and USDC) operates on the Ethereum blockchain. These stablecoins are crucial for global transactions and institutional settlements, cementing Ethereum’s role as a financial backbone. Enterprise Blockchain Solutions: Major corporations are leveraging Ethereum’s technology for supply chain management, digital identity, tokenized assets, and other enterprise-grade applications. The Ethereum Enterprise Alliance (EEA) is a testament to this growing interest. Decentralized Applications (dApps): Ethereum continues to host the largest and most vibrant ecosystem of dApps, ranging from gaming to NFTs and decentralized autonomous organizations (DAOs). This active development community constantly drives innovation and utility for the network. This fundamental adoption strengthens Ethereum’s network effects and provides a robust foundation, making it less susceptible to mere speculative price swings and more aligned with long-term value creation. Decoding the Ethereum Price Prediction : What to Expect? So, what does all this mean for the immediate future of Ethereum’s value against Bitcoin? Analysts are confidently projecting that the ETH/BTC pair could rise another 30% to approximately 0.035 by August or September. This Ethereum price prediction is not pulled from thin air; it’s a culmination of the technical breakouts and the strong fundamental tailwinds we’ve discussed. Let’s look at the potential movement: Metric Current (Approx.) Projected Target (August/September) Potential Gain ETH/BTC Ratio 0.0267 0.035 ~30% Reaching 0.035 would signify a significant shift in market dominance, suggesting that capital is increasingly flowing from Bitcoin into Ethereum, or that Ethereum is simply appreciating at a faster rate. This target aligns with previous resistance levels and Fibonacci extensions, making it a plausible short to medium-term goal for the pair. While past performance is not indicative of future results, the convergence of strong technical signals and robust fundamental adoption paints a compelling picture for Ethereum’s near-term outperformance. Navigating the Crypto Market Outlook : Key Takeaways For investors navigating the broader crypto market outlook , Ethereum’s potential surge against Bitcoin presents both opportunities and considerations. It underscores the dynamic nature of the crypto space, where different assets can lead market cycles at various times. Here are some key takeaways: Diversification Matters: While Bitcoin often sets the overall market tone, Ethereum’s independent drivers highlight the importance of a diversified crypto portfolio. Monitor Key Levels: Keep an eye on the 0.035 ETH/BTC level. A sustained break above this could open the door for even higher targets, while a rejection might indicate a period of consolidation. Fundamental Strength: Remember that technical analysis is enhanced by strong fundamentals. Institutional adoption and real-world utility are long-term growth drivers. Risk Management: Always be aware of market volatility. Global macroeconomic factors, regulatory developments, and unexpected market events can always impact price action. Understanding these dynamics is crucial for making informed decisions in a rapidly evolving market. The current confluence of positive indicators for Ethereum makes it a standout asset to watch in the coming months. In conclusion, the outlook for Ethereum against Bitcoin appears remarkably bright for the coming months. The decisive technical breakout of the ETH/BTC ratio, coupled with accelerating institutional interest and growing real-world adoption, provides a robust foundation for a potential 30% surge by September. While the crypto market always carries an element of unpredictability, the current alignment of factors suggests Ethereum is well-positioned for significant outperformance. Keeping an eye on these developments will be key for anyone looking to capitalize on the evolving digital asset landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action and institutional adoption. This post Ethereum Price: Unleashed for a Potential 30% Surge Against Bitcoin by September first appeared on BitcoinWorld and is written by Editorial Team