Federal regulators are scrutinizing a growing number of companies that have embraced so-called crypto-treasury strategies this year, after unusual trading patterns in their shares caught their attention.
The corporate trend has exploded in recent months, with hundreds of companies investing in crypto this year. Crypto-treasury strategies, popularized by Strategy (formerly MicroStrategy), involve raising funds through stock or debt sales specifically to buy Bitcoin and other cryptocurrencies. For some of these companies, this scheme is no longer a side experiment; some are making investing in crypto the centerpiece of their corporate strategy.
For example, Strategy, which was founded in 1989, was best known as a business intelligence and software company before it pivoted to its current crypto-heavy corporate strategy in 2020 when it invested $250 million in Bitcoin. This past February, it dropped the Micro from its name.
The Wall Street Journal reported Thursday, citing unnamed sources, that both the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have reached out to several firms. People familiar with the matter told the newspaper that regulators are concerned about unusually high trading volumes and sharp stock-price gains ahead of public announcements about the crypto purchases.
SEC officials warned companies they could have potentially violated the Regulation Fair Disclosure rule, which prohibits public companies from selectively sharing non-public information with analysts and investors who might trade on it. Lawyers told the Journal that letters from FINRA often signal the beginning of probes into potential insider trading.
The SEC did not immediately respond to a request for comment from Gizmodo, while FINRA declined to comment.
For many firms, pivoting to a crypto-treasury involves quietly gauging interest from outside investors willing to privately finance their crypto purchases. These investors are usually required to sign nondisclosure agreements, keeping the companies’ identities secret until official announcements are made. But since some stocks spiked in the days leading up to the news of crypto purchases, it seems some info on these investments may have leaked.
According to the Journal, citing crypto-advisory firm Architect Partners, 212 new companies have announced plans to raise roughly $102 billion for crypto purchases so far this year.
The Wall Street Journal said it’s still unclear whether regulators plan to take action against the companies or investors.
The paper noted that SEC Chair Paul Atkins recently criticized the commission’s past tactics, saying it had “weaponized” its enforcement to stifle crypto.
Given the Trump administration’s pro-crypto policies, a lax reaction from the SEC wouldn’t be too shocking. The president has been very friendly with the industry, which has helped him make a fortune himself.
Market expert Tony Severino has raised some concerns with the current Bitcoin price action on the weekly chart. This comes as the flagship crypto trades below $110,000, with predictions that it could further drop below the psychological $100,000 level.
Bitcoin Price Forms Bearish Pattern On Weekly Chart
Severino revealed in an X post that the Bitcoin price is potentially forming an Evening Star pattern on the weekly chart, something he is wary of. He noted that this pattern is forming right at the Bollinger Band basis line, at around $111,600, during the tightest BB squeeze in BTC’s history.
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The market expert had earlier revealed that the Bitcoin price’s weekly Bollinger Bands are officially the tightest in the entire history of BTCUSD price action. Essentially, BTC is currently trading within a tight range, indicating low volatility. Severino’s accompanying chart shows that the upper BB is at around $122,000, the basis BB is at $111,600, while the lower BB is at $101,000.
Meanwhile, the Evening Star pattern suggests that the bears are taking control from the bulls, putting the Bitcoin price at risk of a further downtrend. With the Bollinger bands being this tight, Severino may be cautious of how this could lead to a BTC decline to the lower BB basis. Crypto analyst Bob Loukas confirmed that the bears are in control and indicated that BTC could still drop below $100,000.
He noted that the Bitcoin price is looking to print its Weekly Cycle Low, although he opined that BTC is holding up well despite the current downtrend. The analyst declared that a rally to $118,000 will confirm the start of a new cycle.
Until then, the bears will remain in control. His accompanying chart showed that the flagship crypto could risk dropping below $100,000 during this period when the bears are in control. However, in the long run, Loukas still expects the Bitcoin price to rally to as high as $140,000.
BTC Needs To Reclaim $116,300
Crypto analyst Ali Martinez also warned that the Bitcoin price needs to reclaim $116,300 or risk dropping as low as $94,334 based on the Pricing Bands. He had earlier stated that $107,200 is the crucial support for Bitcoin. The analyst claimed that a drop below that support level would put $100,000 or even $93,000 in play.
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Meanwhile, crypto analyst Titan of Crypto noted that the Bitcoin price has broken below the trendline at $110,000. He remarked that confirmation is still needed and that the lagging span must follow to validate this bearish move. However, the analyst is one of those who doesn’t believe that BTC has topped, noting that the market is in a period of fear and that this has never marked the cycle top.
At the time of writing, the Bitcoin price is trading at around $109,600, up in the last 24 hours, according to data from CoinMarketCap.
Bitcoin trading at $109,277 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.
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In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.
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He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.
In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.
His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.
Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.
Bitcoin has experienced a sharp price drop in recent days, but one well-followed crypto analyst remains undaunted. Popular chartist Egrag Crypto says Bitcoin is still in a bull market, even with the pullback. He believes what is happening now is only part of a larger repeating pattern that has played out since the end of 2022. According to him, this cycle is not over yet, and the market still has another strong upward move before an actual bear phase begins.
Bitcoin Holds Strong Above Key Levels
Egrag Crypto explains that Bitcoin follows a clear pattern that has been in place since December 2022. First, the price surges upward, then it retests support, bounces back, corrects slightly, and makes a new local high.
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Source: X
Right now, the most critical level to watch is $103,000. As long as Bitcoin does not fall below that level, Egrag says there is no real danger. Instead, he expects one more big pump to arrive before the cycle tops out. His personal target for this move is between $150,000 and $175,000. In his view, this would mark the last push of the current bull run before the market flips to its next bear phase.
Egrag stresses that corrections along the way are normal and should not cause panic. He believes traders often get caught up in short-term drops without realizing that they are only part of a larger trend. Looking at the bigger picture, it is clear that the Bitcoin bull market still has room to run.
Market Parallels With Gold Suggest Bull Run Is Intact
Egrag Crypto also draws a strong comparison between Bitcoin and gold. He points out that many analysts once thought gold had peaked at a technical target of $3,500. Instead, the price continued to rise due to what he calls a short squeeze. This sudden surge, he says, was meant to trap retail buyers into a “suckers rally.”
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He notes that gold demand is currently so high that even shop owners with decades of experience say they have never seen business like this. To Egrag, this kind of hype is usually a warning that the cycle is near its top. He expects gold to eventually fall by $600 to $1,000 once Russia and Ukraine restore peace, a move that he believes would once again confirm the cyclical nature of the market.
For Bitcoin, the same lesson applies. Despite loud voices calling the bull run over, Egrag insists that the cycle is still alive. He views the current downturn as merely a pause before another significant surge. He plans to invest around $30,000 in the following macro cycle and later rotate into strong altcoins. In his view, staying patient and respecting cycles is the most effective approach.
Crypto analyst Kevin (Kev Capital TA) told viewers late on September 25 that Bitcoin’s pullback is tracking a familiar seasonal and structural script—and that the market’s next major impulse hinges on a clearly defined support range. “Hold $107k to $98K,” he said, calling the zone the fulcrum for the bull cycle’s next leg. “That’s it. It’s that simple.”
Opening his stream amid a rush of bearish sentiment as BTC price dipped to $108,651, Kevin argued the drawdown should not surprise disciplined traders. He framed the current move in the context of months of caution dating back to early August, when he began highlighting weekly bearish divergences across Bitcoin, Ethereum and the total altcoin market (Total2), into what he described as four-plus-year resistance zones.
“Everyone thinks these symmetrical triangle patterns after a move higher are continuation patterns,” he said, “but in reality, in the crypto market, very, very rarely do these break out to the upside.” He pointed to a progression of smaller impulse highs since late 2023 and reiterated that despite sharp rallies in select altcoins, the majors failed to clear “any major resistance levels.”
Bitcoin Top In Until Proven Otherwise
The anchor of Kevin’s case is confluence on higher time frames. On Bitcoin’s weekly chart, he outlined rising price highs against falling momentum—“simple strength and momentum indicators,” not signals by themselves but context that “has been dwindling for a very long time.”
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Total2, he added, registered “a triple top on the weekly” beneath roughly $1.71–$1.74 trillion—“the all-be-all resistance level”—with weekly RSI and MACD rolling over. Stocks of momentum, in his read, are resetting precisely where they should amid historically thin late-summer liquidity. “Q3 is never a good quarter for crypto,” Kevin said. “August, September are terrible months. They always are.”
TOTAL2 market cap analysis | Source: X @Kev_Capital_TA
Against that backdrop, he argued that USDT dominance remains the most reliable inter-market compass. “USDT dominance is the greatest chart ever. There is no better chart,” he said, walking through a macro descending triangle with a flat-bottom support near 3.9–3.7% and repeated rallies to a falling trendline that have mapped crypto cycle lows and highs for two years.
Each approach to the flat bottom, he noted, has carved a W- or inverse-head-and-shoulders-style base in USDT.D while Bitcoin distributed near local tops; each rejection at the downtrend has coincided with crypto inflections. “You literally don’t need any chart in all of crypto,” he said. “All you need is Bitcoin and USDT dominance and you would have played this cycle absolutely perfectly.”
USDT dominance chart | Source: X @Kev_Capital_TA
From a tactical standpoint, Kevin flagged a three-month BTC liquidity “heat map” shelf near $106.8K and the 21-week EMA—the bull-market support band—near $109.2K as natural magnets, with the lower weekly Bollinger Band sitting around $101K.
He stressed he doesn’t want to see “Bitcoin lose 106.8K” if the cycle remains intact, though a wick into that area to “swipe the liquidity” would be consistent with prior resets. He framed $98K as the line that should not break decisively. “There’s a whole lot of support in that range,” he said. “I’d be pretty shocked if Bitcoin wasn’t able to bounce in there somewhere.”
All Eyes On Q4 Seasonality
Kevin tied structural signals to an explicit macro checklist, arguing that lasting cycle tops and bottoms align with fundamental catalysts rather than charts alone. He cited 2021’s inflation spike and the onset of the Fed’s hiking cycle as the driver of that cycle’s 55–60% drawdown, the 2017 CME Bitcoin futures launch as a blow-off top catalyst, and the FTX collapse as the final capitulation in 2022 amid weekly bullish divergence.
“There’s always a macro-related reason that correlates with the charts,” he said. By contrast, he sees no such cycle-ending macro trigger today: inflation gauges have been “very choppy” but contained; the Fed is widely expected to ease into year-end provided labor softens; and seasonality favors Q4.
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He underscored the near-term calendar—core PCE, CPI and labor data in the first half of October—as decisive for risk appetite. “Sometime in mid-October… we’ll start to have an idea of where this market is really going to go,” he said. “If we get to mid-October and Bitcoin’s holding key support… and we get good macroeconomic data, we get another rate cut… the probabilities favor that Bitcoin will [go higher]—and then you’re in Q4.”
Volatility positioning, he added, argues for a sharp directional move once the reset completes. On the weekly Bollinger Band Width, Kevin said BTC has printed record-low readings three times this cycle—each in Q3—and each episode began with a downside break of 18–29% before surging to fresh highs.
“There is a massive move coming for Bitcoin soon. It has not happened yet,” he said, noting spot volumes have declined since November while bands have tightened to historic extremes. A test of the lower weekly band near $101K “is possible,” but not required, in his view; the key is that the broader $107K–$98K corridor functions as a springboard.
Kevin was equally explicit about invalidation and upside triggers. He labeled $125K “a major top for now” and said the market needs weekly and monthly closes above that level to confirm trend continuation.
On dominance, he highlighted 59.0% and 60.28% as near-term resistance that could fuel a BTC-led phase if reclaimed; otherwise, he expects leadership to rotate back to altcoins once Bitcoin bases and USDT dominance prints a lower high. “Stop looking at the altcoins” until those inter-market signals flip, he advised, emphasizing patience, risk management and taking profits into resistance.
His bottom line combines restraint with opportunism. “Hold $107k to 98K,” he repeated. “Go into October. Get through the first couple of weeks of macroeconomic data… Bitcoin will inevitably find a low on the back of that data and then eventually go higher.” But he warned that if macro arrives benign and “Bitcoin is still deteriorating,” traders should be ready to reassess the cycle thesis. Until then, Kevin’s message remains unapologetically unglamorous: respect the seasonal chop, track the inter-market tells, and let the higher-time-frame levels do the talking. “Being right is the best pat on the back you can get,” he said. “Not just saying things that get you a lot of clicks.”
Earlier today, Ethereum (ETH) slid below the psychologically important $4,000 level for the first time since August 8. The fall in ETH’s price can be attributed to a mix of macroeconomic, structural, and crypto-specific factors.
Ethereum Dips Below $4,000, Analyst Explains Why
According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH’s latest descent below $4,000 can be blamed on a complex mix of factors. First, a strong US dollar, coupled with the Federal Reserve’s (Fed) cautious stance following its September rate cut, dampened risk appetite.
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Furthermore, rising bond yields and the increasing risk of a US government shutdown have spooked investors, discouraging them from investing in risk-on assets, including cryptocurrencies like ETH.
Second, the analyst points to the role of leverage in ETH’s latest dip. On September 22, more than $500 million in ETH longs were wiped out within 24 hours, resulting in the unwinding of high leverage that was building up in Q2 2025. During the sell-off, ETH whales faced close to $45 million in forced sales.
In addition, low weekend trading volume and shallow order books enhanced ETH’s price swings. Notably, institutional investors turned to OTC redemptions, following the Fed meeting to reduce their exposure to ETH.
From a technical perspective, ETH failed to decisively break through the stiff resistance near $4,500 – $4,600. Failure to defend the $4,200 support worsened things for ETH, turning the momentum sharply bearish.
The fifth reason was regulatory headwinds surrounding digital assets, especially the uncertainty around MiCA in the EU and US crypto legislation. ETH exchange-traded fund (ETF) outflows worth $76 million weighed on investor sentiment.
Finally, a surge in validator exit queues and reduced staking inflows weakened natural buy-side support. Other factors, such as seasonal weakness and Bitcoin’s (BTC) rising dominance in the market, contributed to ETH’s sell-off. Arab Chain concluded:
While this correction reflects structural positioning and macro forces rather than a broken thesis, volatility may persist until liquidity returns and regulatory clarity improves.
Will ETH Stage A Recovery?
While the momentum is against ETH currently, some analysts are optimistic about a turnaround in ETH’s fortunes in the coming months. For instance, ETH’s CME futures open interest is inching closer to new highs, setting a new potential target for ETH of $6,800 by the end of 2025.
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Similarly, the surge in ETH contracts throughout the year has some analysts convinced that the digital asset may soon embark on a rally to $5,000. ETH’s illiquid supply could further propel it to new highs.
In his latest analysis, crypto commentator Ted Pillows predicted that the increase in global M2 money supply could pave the way for $20,000 ETH. At press time, ETH trades at $3,959, down 3.6% in the past 24 hours.
The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert.
Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows.
Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama.
Aster Surpasses Rivals In Volume And Revenue
According to on-chain trackers, Aster’s 24-hour perpetual trading volume has climbed into the tens of billions, with figures reported around $23–$30 billion — more than double what Hyperliquid recorded over the same window.
Reports have disclosed that the DEX is now pulling in roughly $10 million in daily revenue, a figure that some outlets say is about four times Hyperliquid’s daily take.
Trader Claims And A Public Feud
Crypto trader James Wynn — a figure known for large leveraged bets and big losses earlier this year — has publicly backed Aster and predicted a long, slow decline for Hyperliquid.
Wynn’s comments, carried across social channels, have been part boast and part critique of Hyperliquid’s visible order model. He argued that Aster’s hidden-order and MEV-mitigation features make it a safer place for large players.
Based on reports, Wynn said “Hype will exist, but it will have a slow and painful death,” a line that has amplified the rivalry online.
Whale Accumulation And Big Withdrawals
On-chain analytics show major wallets moving into ASTER. Two large buyers are reported to have picked up about 118 million ASTER, valued at roughly $270 million, which is said to represent about 7% of circulating supply.
HYPEUSD trading at $43.29 on the daily timeframe. Chart: TradingView
In the same stretch, a cluster of wallets withdrew 68 million ASTER (about $156 million), and one address moved 50 million ASTER from an exchange.
These flows suggest both aggressive accumulation and repositioning by big holders.
Aster’s Product Pitch Versus Hyperliquid’s Response
Reports emphasize Aster’s features: MEV-free execution, hidden orders that keep limit sizes private, and trading interfaces pitched at both retail and pro users.
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That product story helps explain why some traders are rotating capital. Hyperliquid has not stood still; it has rolled out measures such as a USDH stablecoin and other moves meant to shore up liquidity and product breadth.
Market data show HYPE has fallen from recent peaks — with declines reported near 25% from its highs — as money rotated into ASTER.
Featured image from SleepApnea.org, chart from TradingView
Crypto markets have recently faced renewed challenges, despite a brief resurgence following the US Federal Reserve’s (Fed) rate cut that initially propelled Bitcoin (BTC) back toward the $120,000 mark.
This week, however, Bitcoin has dropped to the lower end of its established consolidation range, fluctuating between $110,000 and $115,000. Analysts from The Bull Theory have pinpointed several factors contributing to this downturn.
How Fed Policies And QT Are Impacting Crypto
One of the primary reasons for the current situation is the ongoing capital flow favoring traditional assets. In the wake of rate cuts, institutional investors tend to channel their funds into stocks and gold first, as these are considered high-liquidity assets with a proven track record.
In contrast, cryptocurrencies, particularly altcoins, often find themselves at the end of the liquidity pipeline. They typically see price increases only when risk appetite broadens significantly among investors.
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Additionally, liquidity remains tight in the crypto space, despite the Fed’s recent actions. While the central bank cut rates in September, other variables are restricting the flow of capital into cryptocurrencies.
Quantitative tightening (QT) is still being implemented, with the Fed actively reducing its balance sheet. Moreover, the US Treasury is absorbing liquidity through the replenishment of the Treasury General Account (TGA), and money market funds are currently holding over $7.7 trillion in cash that remains largely idle.
This lack of liquidity means that any spillover effect into the crypto market will be limited, resulting in a slower rotation of capital into digital assets.
Cyclical Trends Suggest Potential Rebound
The macroeconomic patterns observed in September 2024 are also reemerging. Last year, following a rate cut, Bitcoin surged past $60,000, while Ethereum (ETH) and other altcoins enjoyed significant gains. However, this was followed by a sharp decline, with Bitcoin dropping 11% and Ethereum experiencing an even steeper fall.
In a similar vein, this September has seen Bitcoin hover around $112,000 after briefly touching $118,000, while Ethereum has slipped from $4,600 to approximately $4.1,00.
This cyclical pattern suggests that crypto may be primed for a rebound, but only after a period of consolidation and confirmation. Moreover, the impending expiry of options contracts for Bitcoin and Ethereum is adding another layer of volatility to the market.
Stablecoin Movement And Institutional Inflows
Another factor impacting the market is the supply and velocity of stablecoins. While the total supply of stablecoins has surged from $204 billion in January to $308 billion in September—an all-time high—the velocity of these assets is not keeping pace.
The analysts have identified that much of this capital remains inactive, either sitting idle, bridged, or utilized off-exchange. Until stablecoin velocity increases, the price impact on cryptocurrencies is likely to remain subdued.
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Looking ahead, historical trends suggest that although crypto may be lagging in the short term, they often follow traditional assets with significant gains once the market stabilizes.
In the aftermath of all-time highs in equity markets, Bitcoin has previously averaged a 12% increase within 30 days and a remarkable 35% over 90 days. Notably, following the Nasdaq’s all-time highs, Bitcoin surged by an impressive 46% in the same 90-day timeframe.
For crypto markets to regain their momentum, active movement of stablecoins is essential, along with a cooling off of derivatives trading and substantial purchases from institutional investors and exchange-traded funds (ETFs).
The daily chart shows the total crypto market cap valuation at $3.8 trillion. Source: TOTAL on TradingView.com
Featured image from DALL-E, chart from TradingView.com
Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test the $110,500 support zone.
Bitcoin started a fresh decline below the $113,500 zone.
The price is trading below $113,500 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another increase if it clears the $114,000 zone.
Bitcoin Price Stuck Below Resistance
Bitcoin price failed to start a recovery wave and stayed below $115,000. BTC declined below the $113,500 and $113,000 support levels to move further into a bearish zone.
The decline gained pace below the $112,500 level. A low was formed at $111,111 and the price is now consolidating losses. There was a minor move above the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $111,111 low.
Bitcoin is now trading below $113,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $114,000 on the hourly chart of the BTC/USD pair.
Immediate resistance on the upside is near the $113,500 level. The first key resistance is near the $114,000 level and the trend line. The next resistance could be $114,500 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $111,111 low.
A close above the $114,500 resistance might send the price further higher. In the stated case, the price could rise and test the $115,500 resistance. Any more gains might send the price toward the $116,500 level. The next barrier for the bulls could be $117,250.
Another Decline In BTC?
If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,000 level. The first major support is near the $111,250 level.
The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might gain bearish momentum.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $112,000, followed by $111,250.
The crypto market has long moved in the shadow of Bitcoin, because for years, its rallies and sharp drops have pulled nearly every other digital asset such as XRP with it. However, according to Versan Aljarrah, co-founder of Black Swan Capitalist, the XRP token could break away from this cycle. According to him, XRP is on a different mission, one that goes beyond speculation and closer to real-world use. That role is why he says it will not mirror Bitcoin’s path, and why a decoupling is now on the horizon.
Versan Aljarrah Reveals XRP’s Institutional Role Sets It Apart From Bitcoin
Aljarrah stresses that XRP does not follow Bitcoin’s “digital gold” story. While Bitcoin serves as a store of value, XRP serves a very different purpose. In the X post, the expert refers to the cryptocurrency as a bridge asset for banks and financial institutions.
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In today’s financial world, cross-border payments can often be slow, expensive, and risky because of foreign-exchange issues. XRP addresses these problems by cutting out multiple intermediaries. According to Aljarrah, this practical utility places XRP closer to the daily operations of global finance, rather than the speculative trading behavior that defines Bitcoin.
Rather than acting like a typical cryptocurrency, XRP is evolving into core financial infrastructure. That transformation, according to Aljarrah, could move XRP far beyond a purely speculative asset and position it as part of the underlying system that connects currencies and payment networks worldwide.
Why Regulatory Clarity And Adoption Drive XRP Toward Decoupling
For years, one of the biggest obstacles facing XRP was legal uncertainty. Ripple Labs, the company associated with XRP, was embroiled in a lawsuit with the SEC. But that cloud has now lifted. Court rulings have made it clear that XRP sales on public exchanges are not securities transactions, and with the appeals dropped, the case is now closed.
With the court issue resolved, attention is shifting to growth, as developers are now adding new tools for institutions to the XRP ecosystem, including automated market making, stablecoin support, and updated token standards.
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Banks, fintech companies, and payment providers are starting to test and integrate with XRP. At the same time, the XRP Ledger is growing stronger. Ripple has also launched RLUSD, a stablecoin, and is working on obtaining banking licenses worldwide. All these steps point toward a token that evolves into financial infrastructure rather than remaining a speculative play.
Aljarrah notes that these changes mean XRP will no longer move like Bitcoin. Its price will not only depend on market speculation but also on its usage, the strength of regulations, and the growing demand for instant settlement. For these reasons, he believes decoupling is certain. Over time, XRP will carve its own path as adoption spreads and its role in finance becomes more central.
First Ledger, a decentralized exchange on the XRPL, drew a sharp comparison this week when it said 401(k) and XRP are “basically the same thing” in their aim to grow long-term value.
According to letters sent to the Securities and Exchange Commission, nine lawmakers — including House committee chairs French Hill and Ann Wagner — urged SEC Chair Paul Atkins to act on an executive order from US President Donald Trump that would make it easier for retirement plans to hold crypto. The move would touch roughly 90 million Americans who use 401(k) accounts.
Lawmakers Push For 401(k) Access
Based on reports, the push is aimed at loosening specific investor rules so retirement plans can include alternative assets such as Bitcoin, Ethereum and XRP.
If plans get access, even very small allocations could add big sums to markets. A one percent to two percent allocation across the $12 trillion 401(k) market has been put forward as a reasonable scenario. That math translates to roughly $120 billion to $240 billion flowing into crypto assets.
To give that scale: Bitcoin exchange-traded funds drew $57 billion since January 2024. Over the same period, Bitcoin’s price is reported to have climbed from $45,000 to $124,457, and the global crypto market has grown from $1.65 trillion to more than $4.17 trillion.
Reports also point out that public retirement systems are starting to add crypto exposure — for example, the State of Michigan Retirement System has increased holdings in Bitcoin and Ethereum trusts. Analysts say such moves make the 401(k) debate more than theoretical.
Retirement Allocation
Based on an analysis cited in August, if global retirement funds managing about $50 trillion allocated 1% — roughly $500 billion — to XRP, a simple linear estimate could place the price near $12.
With wider multiplier effects, projections mentioned range from $17 to $34. For context, another analysis estimates a 2% allocation to Bitcoin could lift its price to about $175,000 and push Bitcoin’s market cap near $3.4 trillion.
Retirement Funds Could Add Billions
Market commentators argue that retirement money would likely flow into ETFs rather than raw coin purchases. Paul Barron has suggested that 401(k) capital would first head into crypto ETFs, and others have said that ETF access for XRP could be transformational.
That view rests on the idea that ETFs are familiar, regulated wrappers which many plans use already. First Ledger’s comparison frames XRP as a tool for long-term value transfer, likening the token’s role in cross-border settlement to the steady goal of retirement savings.
Pantera Capital founder Dan Morehead believes a geopolitical shift in reserve management will push adversaries of the United States into Bitcoin at massive scale, calling it “inevitable” that China and Russia eventually hold “trillions of dollars” worth of the asset.
Speaking on Blockworks’ Empire podcast released this week, the billionaire framed the prediction as part of a longer-term rotation in global reserve assets and a response to sanction risk embedded in dollar-denominated holdings. “I think it’ll take a decade or two,” Morehead said, adding that the first movers will likely include US-aligned Gulf states before “the big one” arrives with countries “antagonistic to the United States, like China or Russia.”
Why Russia And China Will Adopt Bitcoin
Morehead anchored his argument in the historical cadence of reserve transitions and the vulnerability of holding claims on a rival’s financial system. “You gotta remember, the reserve currency’s changed every 80 or 100 years… no one’s ever really lasted for more than, let’s call it 100, 110 years,” he said.
While calling it “inconceivable that the dollar will be supplanted” overnight, he warned that countries with large US Treasury positions face concentrated political risk. Citing China’s portfolio, he argued: “It’s really pretty crazy to have your entire country’s life savings in an asset that your potential adversary could literally just cancel.” In his view, that calculus makes it “inevitable” that such countries “will have started to save in Bitcoin and other cryptocurrencies” within the next decade.
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The provocation lands amid measurable changes in how major economies hold US debt. Official Treasury data for July 2025 show China’s reported Treasury holdings at $730.7 billion, the lowest since 2008 and down markedly over the past decade, a decline often read as gradual diversification of reserves rather than abrupt abandonment.
JUST IN: BILLIONAIRE DAN MOREHEAD JUST SAID IT’S “INEVITABLE” CHINA AND RUSSIA WILL HOLD TRILLIONS OF DOLLARS IN #BITCOIN
Japan remains the largest holder at roughly $1.15 trillion, with the United Kingdom near $900 billion. The broader pool of foreign-held Treasuries nonetheless hit a record in July. These figures illustrate that while the dollar system remains deep and liquid, China’s share is slipping at the margin—the exact dynamic Morehead argues could accelerate alternative reserve strategies over time.
Morehead’s timeline also intersects with a flurry of policy proposals that, if enacted, would normalize sovereign Bitcoin exposure. In March, US President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a national digital asset stockpile. Wyoming legislators separately advanced a bill to permit limited Bitcoin investments—capped at 3%—within certain state funds, an incremental step toward institutional reserve management in digital assets at the state level.
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Outside the US, Gulf governments are already experimenting at the edges of sovereign crypto exposure—another plank in Morehead’s thesis. The United Arab Emirates’ has launched state-backed mining initiatives and disclosures suggesting several thousand BTC accumulated on the balance sheet via those operations.
Skeptics will note that moving “trillions” of dollars into Bitcoin would require not only policy shifts but also market structure capable of absorbing sustained sovereign demand without disorderly volatility. Liquidity depth has improved with US spot ETF adoption and growing derivatives markets, yet Bitcoin’s free float, custody frameworks, and cross-border payment rails still face periodic stress.
Morehead, however, situates the thesis in a long arc rather than a short-term trade. “I don’t think it’s gonna happen overnight,” he said, emphasizing a horizon of “a decade or two” and a phased path in which US-aligned adopters pave the way for politically non-aligned states that prize censorship resistance and sanction insulation.
For China and Russia specifically, the impetus would be as much strategic as financial. China’s willingness to chip away at Treasuries aligns with its broader push to diversify reserves into gold and other assets, while Russia’s post-2014 and 2022 sanctions experience has already driven a dramatic reconfiguration of its reserve composition.
According to posts and market watchers, a return by a well-known developer has reignited talk that XRP could move higher.
Harry Harald — a web developer followed closely inside the XRP community — posted about XRP over the weekend in his first message since May.
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The post prompted immediate reaction from other big voices, and some in the space now say a move to $4 is possible. XRP opened the week lower, slipping to $2.77 before recovering to about $2.82 at press time. It had been trading around $3 yesterday before sellers pushed prices down.
Community Voices Drive Momentum
Alex Cobb and other influencers amplified Harald’s remark, which helped spark fresh optimism among traders. Based on social posts, Cobb suggested that $4 could be the next stop on a rebound.
From the current quote of $2.86, that would mean roughly a 42% rise, a gain that would push XRP above its long-held ceiling. That ceiling has been more than symbolic: XRP has not traded above $3.80 since 2018.
Technical Indicators Point To Recovery
Several chart analysts have flagged signals that they say back the bullish case. Ali Martinez reported a TD Sequential buy on the four-hour chart, an indicator some traders use to time entries after a string of lower closes.
XRP market cap currently at $171 billion. Chart: TradingView
Supporters point to historical backtests showing about 60–70% accuracy on higher timeframes, and that three out of four two-week buy signals since 2022 were followed by major rallies.
Traders also note that XRP has broken a downtrend after bottoming at $2.65 on September 1, and that it is holding above the 50% Fibonacci retracement and the 50-day moving average — both seen as bullish by many.
Price Action And Key Levels
XRP has been stuck near $3 for weeks, first stalling in July and failing to break out since. The token remains below a swing high of $3.65 established two months ago, a drop of about 25% from that peak.
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Yes the lawsuit excuse has run its course for any further lack of XRP adoption or flat price action. https://t.co/Gl2U8Z7Ui9
Beyond charts, legal and regulatory developments are feeding the story. Reports have disclosed that Ripple initially put a $125 million fine into escrow after Judge Torres issued her final judgment.
@FilanLaw Have the $125Mil in escrowed funds from @Ripple for the Fines imposed by the Judge in the case with the SEC been settled to the Treasury?
The SEC agreed earlier this year to reduce the penalty to $50 million in a settlement, but the judge rejected requests to cut the original $125 million order.
Both parties later withdrew appeals in the US Second Circuit in August, and the exact status of the escrowed funds has not been widely explained.
Meanwhile, speculation that SEC approval for an XRP ETF could come next month has added another layer of bullish expectation, with some supporters saying billions might flow in if an ETF wins the regulator’s nod.
Featured image from Unlock Media, chart from TradingView
Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost blockchain is changing that narrative. By bridging BTC into SOL’s DeFi ecosystem, BTC gains instant settlement, programmable use cases, and access to lending, borrowing, and yield opportunities.
The best form of Bitcoin is literally on Solana, citing the network’s ability to transform BTC from a static store of value into a dynamic, productive asset. Solana Sensei, the Founder of Sensei holdings and Namaste group, has highlighted on X that 66% of all wrapped Bitcoin (wBTC) traders are on the Solana network. He supports this claim with the reasons why people are choosing to hold and use their BTC on SOL.
Why Solana’s Speed And Low Fees Change The Game
Solana is extremely cheap in transactions, a stark contrast to the $5 to $50+ fees often seen on the Bitcoin or Ethereum networks for the same move. With transaction finality in approximately 400 milliseconds, BTC transfers on SOL become nearly instant, compared to the minutes or hours of waiting on other chains. SOL’s capacity to process 65,000 TPS allows it to handle BTC at an internet-scale without network congestion.
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Furthermore, Bitcoin becomes a programmable asset with deep integration into DeFi protocols like Jupiter, Raydium, Orca, Drift, and Kamino, enabling instant trading, lending, and use as collateral. Also, BTC becomes programmable in SOL DeFi, NFT, and RWAs, without the need for bridges across multiple chains.
This integration transforms BTC into a dynamic, productive asset that can be used for lending, staking, and liquidity provision or structural products in ways that are not possible on the native BTC chain. BTC custody solutions, such as tBTC, sBTC, or the Wormhole BTC, combined with SOL’s high validator count and Jito MEV protection, are making it secure to use BTC on the network.
Bitcoin on SOL pairs with USDC and USD1, which are the stablecoins that dominate settlement volume across all chains. With products like the SOL Mobile Saga and Seeker, there are instant BTC swaps and BTC payments on mobile. As the focus on SOL increases, the network is becoming a hub for ETFs and RWAs, with institutional flows ramping up. Meanwhile, Wrapped BTC on SOL will be directly plugged into that liquidity.
Earning Native Bitcoin on Solana Through mSOL
Analyst CPrinz, the on-chain Researcher, has revealed a new partnership between Marinade, SOL’s leading staking platform with 10 million and $1.7 billion in total value locked, and Zeus Network.
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Specifically, the collaboration is designed to expand the utility of Marinade liquid staked SOL token, mSOL, by enabling users to earn native BTC on the SOL blockchain. Also, this partnership unlocks new opportunities across DeFi, marking a major step forward for cross-chain innovation.
SOL trading at $221 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com
Bitcoin’s listless tape in the face of roaring macro risk is less a contradiction than a timing problem, argues this week’s edition of The Weekly Insight (Week 160, Sept. 20, 2025). Writing under the banner “Why’s BTC Lagging?”, contributor @CryptoinsightUK sets a decisively constructive medium-term tone—“I want to start this week by saying I am bullish, and I will continue to be bullish until I believe we are close to a top”—while acknowledging that the market feels late-cycle and emotionally frayed. “With that said, I do think we are closer to a top than a low here,” he adds, but the author still believes “we are approaching the most euphoric stage of this bull cycle.”
Why Is Bitcoin Lagging?
The piece pins much of today’s malaise on sentiment reflexivity. Crypto-Twitter’s grinding negativity is described as a view-generating feedback loop that makes the market feel heavier than it is. “That lag can feel frustrating,” the author writes, noting that the Fear & Greed Index has not displayed the clustered “extreme greed” readings that characterized the 2021 double-top.
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Aside from a burst of exuberance around late-2024/early-2025—“which coincided with XRP’s rally from around 50 cents to $2.70, eventually topping out at about $3.30 to $3.40”—the index has hovered in the mid-range, far from the blow-off conditions that typically mark cycle peaks. The implication is straightforward: despite the noise, the market has yet to show the classic euphoria clusters that precede tops.
Macro correlations, often invoked to explain Bitcoin’s leadership or underperformance, are used here to argue for lag rather than breakdown. On M2 money supply, the author reiterates a well-tracked three-month linkage: “Bitcoin and the M2 money supply have correlated closely so far, but in the last two to three months M2 has absolutely ripped higher.” From here, readers can “either argue that the correlation has broken down, or that Bitcoin is simply lagging and has yet to catch up.”
Bitcoin vs. M2 | Source: Substack
A similar read extends to gold. Directional leadership has alternated between the two assets, but with bullion pressing higher, a catch-up in BTC would “imply a move towards at least $135,000, compared to the current level of around $115,000.” Equities tell the same story in another register: the Nasdaq, Dow Jones, S&P, and Russell 2000 are at or near fresh all-time highs while Bitcoin has “mostly chopped sideways,” again “looking as though it may be lagging behind.”
Market microstructure adds a decisive layer. The letter emphasizes the interaction between visible liquidity pockets and consolidation dynamics. “Every single time there has been a significant liquidity build up, Bitcoin has eventually run through it.” As price has stepped higher, resting liquidity has thickened—“red indicates the deepest liquidity, orange the next, and green the lightest”—and breakouts have been most forceful once those deep pockets were taken.
The example given is the “run from $70k to $100k,” where “heavy consolidation was followed by an explosive breakout.” By that logic, the current map “is pointing to a move toward $140k or higher,” which also dovetails with the gold-parity argument. The author’s metaphor is telling: “I often explain price action like stored energy. The longer it consolidates and charges, the bigger the eventual release.”
What Role Do Altcoins Play?
The most forceful claim in the issue is not about Bitcoin at all but about altcoins. Both Total2 (crypto ex-BTC) and Total3 (crypto ex-BTC and ETH) are said to have “closed a daily candle into price discovery.” Total2 “closed a weekly all time high and is now extremely close to closing a second consecutive weekly high,” while Total3 sits “right on the edge of breaking into new all-time highs.”
Structurally, the report frames Total2 as completing a Wyckoff accumulation and cup-and-handle, and Total3 as carving an ascending triangle poised for continuation. The combination—alts pressing price discovery while Bitcoin “is preparing to push to new highs”—is the setup the author associates with “mania or euphoria.” It is also the basis for a clear positioning disclosure: “it is exactly why I am fully positioned in altcoins here.”
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That rotation view is bolstered by a call on Bitcoin dominance. The author reiterates a long-held target: “I think we are heading down to at least the 35.5 percent level, and potentially even into the low 20s.” The historical analogs are unambiguous: from the 2017 highs, dominance “dropped by 62 percent,” and from the 2021 highs it “dropped by 46 percent,” each time accompanied by an acceleration in the monthly decline.
Bitcoin dominance | Source: Substack
If a similar acceleration coincides with BTC “ripping to new all time highs,” the result would be “a face melting altcoin rally that most people cannot even imagine right now.” The letter links this purely market-internal setup with external catalysts, citing “major legislative shifts in the largest financial economy in the world” and “the potential influx of trillions of dollars through stablecoins and the Clarity Act, which could be passed as soon as November.”
Where Is Bitcoin Price Heading Next?
The issue closes with a complementary technical brief by @thecryptomann1 that brings the near-term risk map into focus. For BTC spot, “decision time… is fast approaching,” with the zone between $111,000 and $115,000 flagged as “huge.” Lose it, and “the liquidity around the $105K range feels inevitable.” Exchange-side order-book heatmaps show “a chunk of liquidity sitting here across all exchanges,” suggesting elevated volatility if tested. The analyst doesn’t force a directional call—“I’m unsure which way the market swings”—and labels aggressive speculation “dangerous” in the current chop.
Bitcoin price analysis | Source: Substack
A second lens comes via USDT dominance (USDT.D), which the analyst inverts to track risk appetite. The metric has been “stuck in [a] range for the past 15 months or so,” but structurally “looks like a chart that’s on its way to revisit its highs (which, in reality, are the lows).” The stated target remains 3.76%. The logic is deliberately simple—range structure, a hold of the 0.5 retracement, persistence in trend, and defense of a key “blue box” support—each pointing “to strength,” i.e., room for risk to keep advancing before stablecoin dominance rises again. That underpins a tactical approach: “The way I’m playing it is swinging long until USDT.D hits 3.76%, then de-risking. That’s not financial advice, just the way I’m approaching it.”
The short-term “max pain” path is sketched with characteristic market irony. One plausible sequence is “$BTC pushing up to $120,000, everyone panicking and going long, fueling the liquidity below us, and then sweeping the lows.” The analyst cautions that a straight drop to the “low $100,000 range” feels “too obvious,” but concedes that both upside and downside liquidity are attractors in a compressed-volatility environment. The mood music for traders is summed, wryly, in a single line: “it’s getting squeaky bum time.”
According to the Ripple chief technology officer, a number of banks have started to adopt XRP for payments and one planned bank tied to Ripple will run entirely on the XRP Ledger.
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That claim comes as Ripple seeks a New York banking charter, a Federal Reserve master account, and says it will conform with ISO 20022 messaging standards used by major banks.
Reports have disclosed that these steps aim to make the token useful for large-scale settlement work.
Banks Begin Real-World Use
DBS and Franklin Templeton signed a memorandum of understanding this week to work on tokenized trading and lending products, reports disclosed. Franklin Templeton’s sgBENJI, a US dollar money market fund token, is launching on DBS Digital Exchange.
Ripple’s RLUSD stablecoin is being used to support trading activity and is reported to be valued at nearly $730 million. DBS is also exploring the acceptance of sgBENJI as repo collateral, which would add liquidity for tokenized assets. Lim Wee Kian of DBS said the move is a step toward offering institutional-grade digital asset services.
🚨RIPPLE CTO CONFIRMS, BANKS HAVE BEGUN INTEGRATING #XRP, REVEALING THAT RIPPLE BANK WILL RUN 100% ON THE XRP LEDGER, DRIVING ALL PAYMENTS AND UNLOCKING TRILLIONS!
TRILLIONS OF DOLLARS ARE READY TO FLOOD THE XRP LEDGER. POWERED BY REAL TOKEN, SET TO TOKENIZE THE WHOLE REAL… pic.twitter.com/M1tsWvuXIf
Stablecoins, Custody, And Switching Between Assets
According to Nigel Khakoo of Ripple, the system makes it easier to move between stablecoins and yield-generating tokens within a single setup. Franklin Templeton said it selected the XRP Ledger for cost and speed reasons, and for its role in scaling tokenized securities.
Reports also name BNY Mellon as the custodian for reserves backing RLUSD, a detail that underlines the institutional angle Ripple is pushing.
The token’s momentum follows legal and regulatory shifts in the US after Ripple’s long fight with the SEC. Reports note that more than 20 spot XRP ETFs are under consideration, a factor that could pull large institutional capital into the market.
The Depository Trust & Clearing Corporation — which handles up to $4 quadrillion in settlements a year — has mentioned tokenization in its planning documents, and researchers point out how tokenized settlement rails might change back-office flows if adopted widely.
🚨 The XRP Endgame: Everything Is Aligning at Once
What I’m about to lay out isn’t hype, it’s a map of tectonic shifts converging around Ripple & $XRP.
If you don’t see the magnitude after this thread, you’re not paying attention. 🧵👇 pic.twitter.com/FZRCjDd0Re
Banks are said to be moving slowly. Early integration tests and compliance checks are still under way. Industry sources say the combination of custody arrangements, stablecoins, and ledger-based settlement could unlock multi-trillion-dollar flows if real-world tokenization proves reliable. But those sources also warn that large-scale adoption will take time and careful risk controls.
Without a doubt…and it’s not a belief. It will.
I know, I know. Some people always say : let’s cross ATH first.
But that’s not the point.
When articles said Bitcoin will reach $1M people said let’s reach $1000 first.
XRP currently trades around $2.8. Market chatter has heated up since the token rose nearly 600% between November 2024 and January 2025.
Some analysts forecast a move to $50; others, like Edoardo Farina of Alpha Lions Academy, have floated $100. A handful of commentators discuss targets at $1,000. A small vocal group even claims $10,000 is possible.
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One community pundit known as Xena said she believes it will reach that level “without a doubt,” a comment that highlights how much optimism lives alongside technical and regulatory progress.
The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to the BTC supply that is unlikely to hit the open, given the long-term holding of the investors who own these coins.
Bitcoin’s Illiquid Supply Hits New High
Glassnode data shows that Bitcoin’s illiquid supply has reached a new high of 14.3 million BTC, marking over 72% of the flagship’s circulating supply. This supply is held by long-term holders (LTHs) who haven’t moved their coins in over seven years, highlighting a strong conviction in the flagship crypto.
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A large part of Bitcoin’s supply being in the hands of long-term holders is typically bullish, as it continuously reduces the amount of selling pressure on the coin. It could also lead to a potential supply shock, whereby demand outpaces supply.
Asset manager Fidelity stated in a research report that this new demand for BTC, coupled with a fixed supply and decreasing issuance schedule, was what likely sparked the rally to a new all-time high (ATH) above $124,000. Fidelity further predicted that this upward trend for the Bitcoin price could continue in the years ahead.
Meanwhile, Fidelity highlighted two distinct cohorts that satisfy the threshold of Bitcoin’s illiquid supply. The first is the BTC that was last moved seven or more years ago, while the second is public companies that hold at least 1,000 BTC. Michael Saylor’s Strategy leads the latter as his company currently holds 638,985 BTC, which accounts for over 3% of Bitcoin’s total supply. Strategy hasn’t sold any coin since it began accumulating in 2020.
Fidelity predicts that the combined group will hold over six million Bitcoin by the end of 2025 or over 28% of the crypto’s total supply of 21 million. The asset manager noted that BTC’s illiquid supply has only decreased quarter-over-quarter once in its history.
BTC’s Scarcity May Become Its “Focal Point”
Fidelity predicts that over time, Bitcoin’s scarcity may become the focal point as more entities buy and hold BTC long term. They noted that the illiquid supply could rise drastically if nation-state adoption increases and the regulatory environment continues to evolve. Countries like the U.S. are already looking to establish a Strategic Bitcoin Reserve, which could create a massive supply shock.
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On the other hand, Fidelity noted that there is the possibility of large amounts of Bitcoin’s illiquid supply being transferred. This could happen as long-term holders and public companies move to realize gains, possibly due to a significant price appreciation. The asset manager earlier mentioned that early signs of potential capitulation may already be emerging as 80,000 ancient BTC were sold in July 2025.
At the time of writing, the Bitcoin price is trading at around $115,600, down in the last 24 hours, according to data from CoinMarketCap.
BTC trading at $115,963 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.
Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.
Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.
When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.
Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.
Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.
Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.
Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.
NBA players, they’re just like us — when it comes to losing passwords, at least.
Houston Rockets forward Kevin Durant, 36, has been locked out of his Coinbase account for a long time, his agent, Rich Kleiman, told a group of conference attendees earlier this week.
“We’ve yet to be able to track down his Coinbase account info, so we’ve never sold anything, and this bitcoin is just through the roof,” Kleiman said Tuesday at CNBC’s Game Plan conference in Los Angeles. “It’s just a process we haven’t been able to figure out, but Bitcoin keeps going up … so, I mean, it’s only benefited us.”
Kleiman said that recovering Durant’s account has been in the works for a while, and it was a “user error” on his and Durant’s end. At the event, he blamed a forgotten password.
Durant, a 15-time All-Star, began buying Bitcoin in 2016, when it sold anywhere from $400 to $900, according to Investopedia. Decrypt reports that it was at $600 when Durant began his investment.
In a statement, Coinbase confirmed to Decrypt on Thursday that Durant has recovered his account.
Bitcoin is at $115,000 at press time, which is about 11,000% higher than when Durant first purchased it.
Durant has had a promotion deal with the crypto exchange since 2021, per Decrypt.
NBA players, they’re just like us — when it comes to losing passwords, at least.
Houston Rockets forward Kevin Durant, 36, has been locked out of his Coinbase account for a long time, his agent, Rich Kleiman, told a group of conference attendees earlier this week.
“We’ve yet to be able to track down his Coinbase account info, so we’ve never sold anything, and this bitcoin is just through the roof,” Kleiman said Tuesday at CNBC’s Game Plan conference in Los Angeles. “It’s just a process we haven’t been able to figure out, but Bitcoin keeps going up … so, I mean, it’s only benefited us.”
Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows that BTC’s current price action is largely supported by retail investors, while whales have been noticeably absent.
Bitcoin Holds $117,500 Amid High Retail Inflows
According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin is hovering around the $117,500 price level, supported by active inflows from retail investors. Notably, large whale inflows have been completely absent, indicating that the current market is being driven by individuals more than by large wallets.
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Inflows ranging from 0 to 0.001 BTC recorded approximately 97,000 BTC. Similarly, inflows from the 0.001 to 0.01 BTC segment totaled nearly 719,000 BTC.
The distribution above suggests that Bitcoin’s current rally is largely driven by retail investors. These investors conduct numerous but small-volume transactions, confirming that individual investors are shaping the market dynamics. Arab Chain added:
The figures reveal that the bulk of inflows are concentrated in small and medium-sized transactions, reflecting the dominance of retail activity in Bitcoin trading. This liquidity, despite its limited scale, has helped keep the market balanced at current levels.
It is worth emphasizing that there has been almost no whale pressure during the current market rally. Specifically, no significant surges in inflows of more than 100 BTC were observed, mitigating the likelihood of a sharp short-term price correction.
To conclude, the current market situation shows that Bitcoin is experiencing a state of equilibrium, largely due to heightened retail investor participation. Such a scenario gives the market an opportunity to steadily surge toward the important $120,000 resistance level.
That said, it would be wise to keep an eye on any whale activity, as it could quickly alter the market’s direction. Any sudden entry of whale inflows could trigger a rapid price correction, similar to previous market tops.
Experts Divided On BTC Price Action
As Bitcoin trades about 5.4% below its all-time high (ATH), there are signs that the top cryptocurrency by market cap may be on the cusp of a fresh rally. For instance, BTC recently broke above the mid-term holder breakeven, reducing the likelihood of an immediate sell-off.
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Recent positive developments – such as the US Federal Reserve (Fed) reducing interest rates by 25 basis points – could reinvigorate the crypto market. Against that backdrop, crypto entrepreneur Arthur Hayes recently reiterated his ambitious $1 million BTC prediction.
That said, gold bug Peter Schiff opines that BTC has likely already peaked for this market cycle. At press time, BTC trades at $117,523, up 1.8% in the past 24 hours.
