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Tag: Cryptocurrency

  • Santiment Highlights Top Tokens: Bitcoin, Ethereum, And Dogecoin Dominate Social Buzz

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    Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention.

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    Bitcoin And Ethereum Dominating Attention

    Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. 

    Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days.

    BTCUSD currently trading at $111,170. Chart: TradingView

    Strategy And Dogecoin Also Generate Social Buzz

    Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure.

    Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21.

    Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart.

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    MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Analyst Forecasts XRP To Stage Amazon-Like Rally To $200

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    XRP has drawn plenty of comparisons over the past few months, but one analyst believes the best way to understand its future is to look at Amazon’s past. Nick Anderson, better known as BULLRUNNERS on the social media platform X, says XRP is going through the same kind of consolidation Amazon faced in 2010, and it still has the potential to rally to $200. The key difference, however, is the patience investors will need before this rally can happen.

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    Amazon’s Breakout Holds The Clues For XRP

    XRP’s price action in the past seven days has been highlighted by a trading range between $2.8 and $2.9. The cryptocurrency now seems stuck within this range, but it has managed to hold above $2.8 for the meantime. Interestingly, Anderson likened this consolidation move to a similar retest of a previous high by the Amazon stock (AMZN) back in 2010. 

    In his post, Anderson highlighted how Amazon stock spent roughly 3,800 days consolidating after the dot-com crash before finally breaking past its previous high and entering a meteoric run. However, before entering into this meteoric run, it consolidated for a few months in 2010 just after breaking above its previous high during the dot-com bubble. 

    According to Anderson, XRP’s current structure is tracing out a massive cup and handle that mirrors this exact Amazon stock setup, with the cryptocurrency now using past highs as support in the same way Amazon did. Just as Amazon transformed once it cleared resistance, Anderson believes XRP could follow a similar breakout trajectory that could eventually push its price above $100, and possibly as high as $200.

    XRPUSD currently trading at $2.8. Chart: TradingView

    Short-Term Expectations Between $5 And $30

    In his assessment, Anderson noted that this predicted rally to $200 might take many years to come to fruition. Comparing today’s price of around $2.80 to Amazon’s $5 launch point before its monumental rally, this would probably be the best time for XRP investors to accumulate for the long term. For younger investors, holding XRP for the next 10 to 15 years could prove transformative, with as little as 10,000 XRP amounting to $1 million in value if the cryptocurrency eventually climbs to $100.

    Despite his long-term forecast, Anderson is more cautious about what XRP might achieve this cycle. He stated that while a push to $100 in the near term would be “absolutely insane”, a more realistic target for this bull run could lie between $5 and $30. After that, he expects another correction to set in before the rally resumes sometime around the end of the decade. 

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    Anderson also left room for a more explosive scenario, noting that XRP could deliver what he called a “giga rally” if liquidity rushes into the market faster than expected. This is based on the growing anticipation around the adoption of ISO 20022 by the US Federal Reserve.

    At the time of writing, XRP is trading at $2.81.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Trump Family’s Crypto Token Just Made Them $5 Billion Richer

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    The Trump family just became $5 billion richer (on paper) thanks to its latest crypto venture.

    The Trumps’ new digital currency WLFI began trading on Monday with about $1 billion worth of the tokens changing hands within an hour. Despite the token plunging in price on its first day of trading, the family gained as much as $5 billion in hypothetical wealth following the debut, the Wall Street Journal said in a report.

    The launch was sort of a crypto version of an initial public offering: early investors who bought the token from Trump’s venture World Liberty Financial were not able to sell any of it until Monday, when they got to do so with high premiums. The token is now available on major exchanges like Binance and Coinbase.

    The Trump family and other founders’ tokens still remain locked, but now that the digital currency is trading, those token holdings have real-world valuation. The Trump family, including the President, holds just under a quarter of all WLFI tokens, the WSJ reported.

    With its current valuation, WLFI is the Trump family’s most valuable asset, according to the WSJ, even more so than the property portfolio that the family was originally known for.

    But crypto is volatile and prone to crashes, and the value of the tokens can shift at any time.

    Monday’s news was just the latest in a string of major crypto wins that the President and his family have made headlines for in the past year. Simultaneously, over the past seven months, Trump has overseen deregulatory wins for the cryptocurrency industry that helped install him in office, all the while administration officials cast aside concerns over the ethics and legality of these conflicts of interest. 

    Trump’s burgeoning crypto empire

    Trump’s three sons, Donald Jr, Eric, and Baron, are listed as co-founders of World Liberty Financial, which launched the WLFI token. Trump is listed as “co-founder emeritus.”

    The Trump family launched the crypto venture almost exactly a year ago, in the midst of Trump’s very pro-crypto presidential campaign.

    The Trumps’ crypto firm also struck a massive deal last month to sell up to $1.5 billion WLFI tokens to a publicly traded fintech company called ALT5 Sigma, and to install Eric Trump as a board member at the fintech company. The deal also saw Zach Witkoff, World Liberty co-founder and son of Trump advisor Steve Witkoff, become the new chairman of ALT5 Sigma.

    The family and its related entities have also profited from $TRUMP, a Trump-backed memecoin that has seen its fair share of highs with $14.7 billion market capitalization right before the inauguration, and its fair share of lows with a $2 billion crash in July that wiped out more than $12 billion in market value.

    Investors in that memecoin were invited to a special dinner with the President at his golf club in Virginia in May, with the top investors getting invited to a separate VIP reception with Trump.

    Trump’s sons Eric and Donald Jr. also launched American Bitcoin earlier this year, which Eric claims is one of the “biggest Bitcoin mining companies on Earth.” That company plans to go public soon through a merger with the Nasdaq-listed Gryphon Digital Mining.

    How is this legal?

    According to a June 2025 ethics disclosure, Trump earned $57.4 million from his ownership of tokens tied to World Liberty Financial last year.

    He is also not the only high-ranking person in his administration with a vested interest in the future of cryptocurrency: Trump’s vice president JD Vance said at a crypto conference in May that he holds “a fair amount of bitcoin,” before adding that he was “eliminating the rules, the red tape, and the lawfare that we saw aimed at crypto” by previous administrations.

    Under the Trump administration, a previously aggressive SEC has now turned into one that openly embraces cryptocurrency. Some enforcement actions against crypto firms like Coinbase, Crypto.com, and Kraken were dropped. Trump himself spearheaded and signed into law legislation that legitimized stablecoins just a couple of months after World Liberty Financial debuted its own stablecoin USD1.

    White House press secretary Karoline Leavitt has pushed back on anyone claiming Trump’s crypto deals pose a conflict of interest. But it’s hard to deny that Trump and his family have indeed benefitted massively from the administration’s regulatory push to legitimize cryptocurrency in the mainstream financial system, and now they have another $5 billion (on paper) to show for it.

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    Ece Yildirim

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  • New crypto token boosts Trump family’s wealth by $5 billion

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    A new cryptocurrency issued by the Trump family’s World Liberty Financial and that started trading this week has boosted the family’s wealth on paper by roughly $5 billion despite the digital token sinking in its first two days of being listed on the exchange. 

    The crypto, called WLFI, reached a high of about 40 cents after launching on Monday, according to data from CoinMarketCap. By Tuesday morning, the value of the token had fallen to as low as about 21 cents, down 48% from its peak, before recovering to about 23 cents in the afternoon.

    Even with the decline, the Trump family’s stake in WLFI is worth about $5 billion based on its holdings of 22.5 billion WLFI tokens. Mr. Trump and his family aren’t yet able to sell their holdings as its founders’ tokens remained locked, according to World Liberty Financial. 

    World Liberty Financial didn’t immediately return a request for comment. Here’s what to know about the company’s token. 

    Trump’s support for crypto

    Once an avowed skeptic of cryptocurrency, Mr. Trump has championed the digital asset in his second term, vowing to make the U.S. the “crypto capital of the world.”

    World Liberty Financial and the Trump family’s other private crypto ventures have raised concerns among some watchdog groups and Democratic lawmakers over potential conflicts of interest.

    “The media’s continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public’s distrust in what they read,” White House press secretary Karoline Leavitt said in a statement to CBS MoneyWatch. “Neither the president nor his family have ever engaged, or will ever engage, in conflicts of interest.”

    In July, Mr. Trump signed the Genius Act, the first major federal law governing cryptocurrencies, into law. The act established federal regulations for “stablecoins,” which are viewed as a relatively safe type of cryptocurrency because their value is pegged to fixed assets, like the dollar.

    The surging value of World Liberty Financial, whose co-founders include Mr. Trump and his sons Eric, Donald Jr. and Barron, underscores the president’s growing interest in cryptocurrency, a focus that spans both personal investments and policy moves during his presidency. Those efforts include $TRUMP and $Melania meme coins, which are cryptos whose value is linked to internet trends and which began trading in January.

    What is WLFI? 

    WLFI is a token, or a digital asset, that guarantees its holders the right to vote on governance issues for World Liberty Financial, according to the company. 

    World Liberty Financial cautions token owners that WLFI isn’t an investment, with its terms stating: “You should not acquire $WLFI as an investment on a speculative basis or otherwise, for a financial purpose or with an expectation of resale for a profit or otherwise.”

    The early swing in WLFI’s price isn’t unusual for tokens making their market debut, said Nic Puckrin, CEO of Coin Bureau, a provider of crypto and blockchain information. 

    “The price action from 40 cents to 21 cents is typical for new token launches,” Puckrin told CBS MoneyWatch. “Early hype usually drives initial spikes, followed by a wave of selling as early entrants take profits.”

    He added, “Compared to other major token debuts, WLFI’s decline is relatively moderate, and early backers have still seen strong returns from private sales.”

    World Liberty Financial also offers a stablecoin called USD1, which is pegged to the value of the U.S. dollar. Because stablecoins are linked to fixed assets, they are generally seen as less volatile to other cryptos.

    “WLFI is carving out a unique position by offering token holders real governance rights over the direction of USD1, a dollar-backed stablecoin that is growing rapidly,” Puckrin said. 

    That’s important because WLFI holders, through their governance votes, can help influence the future development and policies of USD1 and World Liberty Financial’s policies, he added. That capacity “sets it apart in a crowded market,” he said.

    What about insider concentration risk? 

    The Trump family and other insiders own more than 20% of the WLFI tokens, according to World Liberty Financial’s site. 

    But World Liberty Financial’s terms note that no single digital wallet can exercise more than 5% of governance power, which should deter outsized insider influence, Puckrin said. 

    What’s happening with Mr. Trump’s other crypto ventures? 

    In May, the $TRUMP meme coin drew scrutiny when the venture offered its top holders the chance to join Mr. Trump for dinner. Investors spent about $140 million to snap up the coins and secure an invite to the event, data showed at the time. 

    That sparked concerns from government watchdogs and some Democratic lawmakers that the Trump-branded asset was being linked to gain access to the president. 

    As investors snapped up the meme coin, the asset’s value almost doubled to about $15 in May. Since then, the coin has given up most of the gains and was trading at about $8.30 on Tuesday, according to CoinMarketCap. 

    Trump Media & Technology Group — the owner of the Truth Social app — has expanded into crypto in recent months. In July, it bought about $2 billion in cryptocurrencies to refashion the business as an investment firm. 

    Shares of Trump Media & Technology group have shed about 50% of their value year to date and traded Tuesday at $17.05.

    Aimee Picchi

    Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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  • ETH And BTC ETFs Reverse Gains With $291M In Outflows Ahead Of New Week

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    US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors.

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    A Sudden Reversal At Week’s End

    According to data from Farside Investors, US-based Spot Ethereum ETFs ended the week with $164.64 million in outflows. The outflows came from Fidelity’s FETH with $51 million, Bitwise’s ETHW with $23.7 million, Grayscale’s ETHE with $28.6 million, and Grayscale’s ETH with $61.3 million. BlackRock, on the other hand, witnessed neither inflows nor outflows into its Spot ETH ETFs, alongside 21Shares, VanEck, Invesco, and Franklin Templeton Ethereum ETFs.

    Friday’s outflows were a jarring departure from the steady gain that had defined Ethereum’s Spot ETFs since August 21. Ethereum’s six-day inflow streak, which had added about $1.876 billion, was brought to an abrupt end with the outflows on Friday. As a result, total assets under management for Spot Ethereum ETFs dipped to $28.58 billion.

    Ethereum ETF Flow: Farside Investors

    Meanwhile, Spot Bitcoin ETFs also recorded their first daily decline since August 22 with $126.64 million in outflows on Friday. As a result, their total assets under management dropped to $139.95 billion.

    However, not every issuer felt the pressure with Bitcoin. Fidelity’s FBTC led the exodus with $66.2 million, followed by ARKB’s $72.07 million and GBTC’s $15.3 million in outflows. On the other hand, BlackRock’s IBIT still managed $24.63 million in inflows and WisdomTree’s BTCW drew in $2.3 million amid the wider outflows. 

    Bitcoin ETF Flow: Farside Investors

    The underlying cause of the outflows can be attributed to investors digesting the latest data on inflation released on Friday. Notably, the US core Personal Consumption Expenditures (PCE) index climbed 2.9% year-over-year in July, the fastest pace since February, creating fears that the Federal Reserve may hold off on rate cuts.

    What May Lie Ahead This Week

    As a new trading week begins, Spot ETF flow in both Ethereum and Bitcoin is likely to depend on how investors continue to interpret the data. If inflation pressures persist, institutional investors may retreat further at the beginning of the week. However, any signs of cooling could see inflows resume mid-week, particularly into Ethereum, where fundamentals are currently favorable.

    On the price side of things, Bitcoin’s hold above the $108,000 price may offer some relief. However, it needs to stay above $110,000 in order for any upside move to gain momentum. At the time of writing, Bitcoin is trading at $109,910.

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    For Ethereum, a daily close above $4,500 could confirm the return of bullish confidence, whereas a slide below $4,400 might signal further weakness. At the time of writing, Ethereum is trading at $4,470, up by 1.7% in the past 24 hours.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

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    The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to a new low of $107,850 at the start of the weekend.

    Unsurprisingly, the latest data shows that this latest price decline seen across the digital asset market could have been predicted. This conclusion is based on recent crypto activity on the world’s largest search engine, Google.

    Is The Crypto Bull Cycle Over?

    In an August 29 post on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have surged to new highs in recent days. According to the on-chain data expert, this recent spike in Google searches suggests that Bitcoin and the broader crypto market might have reached a new local top.

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    This revelation is based on the Google Trends chart, which allows investors to assess the social engagement of different crypto-related topics on the search engine. As shown in the chart below, the metric compares various subjects, including cryptocurrency, Bitcoin, altcoins, centralized exchanges, and data aggregation platforms.

    Source: @joao_wedson on X

    As observed in the highlighted chart, the Google Trends metric recently witnessed a significant surge, suggesting increased public attention across multiple crypto topics. According to Wedson, spikes of this kind have historically coincided with whales entering the market to sell while “everyone is obsessed.”

    Moreover, the cryptocurrency market has often shown in the past its tendency to move in the crowd’s opposite direction. These trends explain the price decline witnessed by most digital assets in the past few days, as the market has seemingly reached a new local top.

    Wedson, however, noted that other on-chain signals say that the latest euphoria-driven market downturn doesn’t necessarily spell the end of the current bull cycle. “Think back to BTC hitting $124K—euphoria peaked online, whales sold aggressively, and we went short,” the Alphractal founder added.

    Wedson then advised investors to exercise caution when euphoria hits the crypto market, as it could hint at the imminence of a local top. The crypto analyst said that a better strategy would be to smartly exit the market at a high price and reenter at a cheaper rate later.

    Total Crypto Market Cap At $3.7 Trillion

    As of this writing, the total crypto market capitalization sits just above $3.7 trillion, reflecting an almost 4% decline in the past day. According to data from TradingView, more than $142 billion has been drained out of the crypto market in the last 24 hours.

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    The total crypto market cap on the daily timeframe | Source: TOTAL chart on TradingView

    Featured image from Shutterstock, chart from TradingView

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    Opeyemi Sule

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  • Eric Trump Claims His Company Is Mining ‘3% of the World’s Bitcoin Every Single Day’

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    Eric Trump, the third child of President Donald Trump, showed up in Hong Kong this week to hawk his latest crypto venture and, according to him, it’s going to the moon.

    Trump spoke at Hong Kong’s Bitcoin Asia 2025 conference, the first stop in a planned series of crypto events across Asia featuring various Trump family members.

    At the conference, Trump declared that his family “loves” the crypto community and downplayed concerns about the president’s conflicts of interest with the industry. He also predicted that Bitcoin would hit the $1 million price mark in the next few years (it’s always $1 million with these guys). And, unsurprisingly, he used the spotlight to plug his own project, American Bitcoin.

    “We are one of the biggest Bitcoin mining companies on Earth,” Trump told the crowd, according to NBC News. “We mine about 3% of the world’s Bitcoin every single day.”

    Trump launched American Bitcoin back in March with his older brother, Donald Trump Jr., and the energy infrastructure company Hut 8. American Bitcoin is an industrial-scale Bitcoin mining and strategic Bitcoin reserve development company. In a press release, the company said it aims to “become the world’s largest, most efficient pure-play Bitcoin miner.” 

    Trump made the comment, as the company plans to go public “very soon” through a merger with Gryphon Digital Mining, a Nasdaq-listed firm.

    The Trump family’s crypto love affair

    According to Trump, his family first got interested in crypto after being cut off from traditional banking services due to his father’s involvement in politics. 

    The crypto industry, which saw itself as unfairly targeted by the Biden administration, embraced the Trumps and threw an estimated $135 million behind getting Trump Sr. and other crypto-friendly candidates elected during the 2024 cycle, NBC reported.

    And the scheme appears to have paid off. Since returning to office in January, Trump has moved to ease crypto regulations, appointed a so-called “crypto czar,” and even hosted a White House summit with industry leaders. Just last month, he signed the GENIUS Act, setting federal rules for stablecoins.

    Bitcoin’s price has surged throughout Trump’s second term, sitting at $108,000 today, up 55% from about $70,000 on election day last year. 

    How much has President Trump made off of crypto?

    The watchdog group State Democracy Defenders Fund estimates that, as of mid-March, Trump’s crypto assets were worth $2.9 billion on paper, accounting for roughly 37% of his total wealth.

    Much of that fortune is thanks to ventures like the $TRUMP memecoin, which launched ahead of Trump’s second inauguration. His wife, Melania Trump, even has a memecoin of her own.

    In May, Trump (officially) spent just 20 minutes in a private dinner near Washington for the top 220 buyers of $TRUMP, each of whom had shelled out an average of $1 million on the token, totaling $148 million.

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    Bruce Gil

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  • Ethereum hits new all-time high as crypto bull market continues – MoneySense

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    2025 has been the year of “hard assets,” including gold and bitcoin (BTC), the latter often dubbed “digital gold.” As monetary policy eased, investors rotated into these inflation-hedging assets. 

    But that’s not the whole story. If you were laser-focused on gold and BTC this year, you may have missed two even stronger performers: silver and ethereum (ETH). As gold and BTC cooled in recent months, silver and ETH stole the spotlight. 

    The chart below compares the year-to-date price appreciation of these four assets. It’s clear that while ETH lagged the others until April, it’s since shot up to overtake them.

    Source: Google Finance as of Aug. 26, 2025

    While gold and BTC get most of the press and the spotlight, it’s not surprising that the second-largest assets in their respective asset classes (precious metals and crypto) have outperformed this year. In fact, in an earlier edition of this column, I’d written that based on earlier crypto market patterns, ETH could well outperform BTC in 2025—and so far, that’s been the case.

    How high could BTC and ETH go in 2025?

    In my previous column, I’d written that it would be reasonable to expect BTC to possibly hit $160,000 (all figures in U.S. dollars unless otherwise specified). Other major Wall Street analysts, including Citigroup and FundStrat’s Tom Lee, have suggested that BTC could reach about $200,000 or more before this bull market is over. So, what does that mean for ETH? 

    If past cycles are any guide, this crypto bull market could still have legs. 

    ETH is currently trading at $4,496, but a move to $8,000 wouldn’t be unreasonable. That would represent a 64% gain from today and would still be less than 2x its previous all-time high of $4,878 (set in November 2021). In every prior bull market since ETH’s launch in 2015, it has set a new all time high with gains of at least 270% from the previous one. An approximately 100% gain from its last peak would actually be relatively conservative.

    The best crypto platforms and apps

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    Ethereum ETFs lead the charge in ETH resurgence

    ETH ETFs did for ethereum in 2025 what BTC ETFs did for BTC in 2024: provided the legitimacy and means for institutions and other large investors to allocate a percentage of their capital to ETH without exposing themselves to the risks associated with direct exposure to the cryptocurrency itself. 

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    The chart below clearly shows how inflows to ETH ETFs picked up in April-May 2025—coinciding with the beginning of ETH’s 2025 bull run. July and August were bumper months for ETH ETFs with net inflows of $4.86 billion and $3.23 billion, respectively.

    Bar graph of Ethereum ETF inflows over the past year
    Source: Coinmarketcap as of Aug. 26, 2025

    Canadian investors who’re bullish on ETH are spoiled for choice with regard to ETH ETFs. These ETFs are attractive to investors because they can be held in registered accounts like tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs), first home savings accounts (FHSAs), and others. 

    Learn more: How to invest tax-free in a bitcoin ETF

    Should you invest in ETH treasury companies?

    After the success of Strategy (MSTR), Michael Saylor’s Nasdaq-listed BTC treasury company, a new class of ETH-focused treasury companies have emerged. These companies follow a similar playbook to MSTR: holding a significant portion of their corporate reserves in ETH, aiming to accumulate more over time through both price appreciation and staking rewards. 

    Ethereum staking involves locking up ETH to help secure the network and validate transactions. In return, stakers earn additional ETH—somewhat like dividends in traditional equity investing.

    Here’s a comparison of the two most prominent ETH treasury companies currently trading on public markets that Canadian investors can buy:

    So, should you invest in an ETH treasury company? It’s still far too early to tell how this new category of ETH-focused treasury companies will perform. Both BMNR and SBET only announced their treasury strategies in June or July 2025—that’s hardly enough time for meaningful price discovery. Most individual investors in Canada may want to stick to ETH itself or to ETH ETFs, of which Canada has many to offer.

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    Aditya Nain

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  • Over 100 Crypto Companies Join Forces To Protect DeFi In Market Structure Bill

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    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

    Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

    Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

    However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

    Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

    With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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    Ronaldo Marquez

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  • Ethereum Longs at Risk? Analyst Warns of Recurring Weekly Liquidation Pattern

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    Ethereum (ETH) recently broke through to a new all-time high above $4,900 before undergoing a correction. As of now, the asset trades at $4,520, reflecting an 8.9% pullback from its peak but still up 7.6% over the past week.

    The move follows weeks of strong upward momentum that returned ETH to price levels unseen since the 2021 bull cycle. While Ethereum’s long-term trend remains upward, analysts are examining short-term patterns to explain the market’s current volatility.

    One such perspective comes from XWIN Research Japan, a contributor to CryptoQuant’s QuickTake platform, highlighting how recurring liquidation cycles are shaping ETH’s price action, particularly around the beginning of each week.

    Related Reading

    Ethereum’s “Monday Trap” and the Risks of Excessive Leverage

    According to the analysis, Ethereum’s leveraged markets show a recurring rhythm tied to liquidation events. Leveraged long positions, bets that the price will continue rising, have often been caught in sudden reversals, forcing liquidations that amplify downward moves.

    During April and June 2025, ETH saw long liquidations spike beyond 300,000 ETH in a single day as sharp downturns triggered cascading sell-offs. XWIN Research Japan noted a striking weekly pattern: Mondays consistently show the highest liquidation volumes, followed by Sundays and Fridays.

    Ethereum weekly long liquidations. | Source: CryptoQuant

    In contrast, Saturdays record the lowest, likely due to reduced market activity. This cycle, often referred to as the “Monday Trap,” suggests that traders carrying leveraged positions from the weekend are particularly vulnerable once institutional and retail flows re-enter early in the week.

    “Carrying weekend optimism into Monday’s higher-volume sessions is risky,” the analyst observed, emphasizing that short-term leverage magnifies losses in predictable ways.

    For long-term investors, this cycle is less about price direction and more about understanding the risks of excessive leverage in a highly liquid market.

    Technical Levels and Broader Market Outlook

    From a technical standpoint, Ethereum’s price correction is being closely monitored. A market analyst known as Crypto Patel recently posted on X that ETH has retraced from $4,957 to $4,400, noting $3,900–$4,000 as a strong support zone.

    According to Patel, holding this level could open a path toward higher price ranges of $6,000–$8,000. However, if support breaks, downside levels of $3,500 or even $3,200 remain possible.

    The interaction between leveraged liquidations and key technical support levels may define Ethereum’s trajectory in the coming months. Historical data show that large outflows from exchanges often precede sustained rallies, while inflows typically signal selling pressure.

    Related Reading

    Recent exchange netflow data for ETH has leaned toward outflows, suggesting that investors are withdrawing coins into self-custody, a behavior often associated with long-term confidence rather than immediate selling.

    At the same time, institutional demand for Ethereum continues to strengthen, bolstered by ongoing discussions about staking integration within regulated financial products such as ETFs.

    Ethereum (ETH) price chart on TradingView
    ETH price is moving upwards on the 2-hour chart. Source: ETH/USDT on TradingView.com

    Featured image created with DALL-E, Chart from TradingView

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    Samuel Edyme

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  • The White House Is Going to Put Government Statistics on the Blockchain (Yeah, We Don’t Know Why Either)

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    Remember back in 2017 when Bitcoin’s price soared and companies started promising to add everything to the blockchain? It was an embarrassing era, since blockchain technology has very few practical purposes that can’t be solved by a regular, old-school database. But it sounds like the White House just got the memo and wants to usher in the world of 2017 again.

    President Donald Trump held a televised “cabinet meeting ” at the White House on Tuesday that clocked in at over 3 hours and 15 minutes. It was a marathon session of ass-kissing from the Trump regime’s most despicable characters. But the announcement that really stood out to us, aside from all the normalization of fascist language, was Commerce Secretary Howard Lutnick’s promise to put government statistics on blockchain.

    “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president, and we are going to put out GDP on the blockchain so people can use the blockchain for data distribution,” Lutnick said.

    “And then we’re going to make that available to the entire government so all of you can do it. We’re just ironing out all the details so we can do it.”

    Lutnick then quickly moved on to another topic, but it was an odd thing to suggest. Why blockchain? Apparently, because Lutnick associates it with crypto. But it’s hard to imagine what problem putting statistics on the blockchain will solve.

    The idea behind blockchain is that it’s a decentralized ledger. And it’s a neat idea, but it doesn’t actually solve very many problems beyond maintaining the existence of cryptocurrency like Bitcoin. A normal spreadsheet or database typically works just fine for distributing information of the kind Lutnick wants to put out.

    Trump infamously had a dispute with some of the government’s top officials who produce government statistics, firing the head of the Bureau of Labor Statistics, Erika McEntarfer, earlier this month. Trump falsely claimed that McEntarfer had produced “rigged” data that had been “manipulated for political purposes” when numbers were revised to show less job growth than had been previously reported.

    Trump’s social media platform, Truth Social, just happened to announce a new partnership with Crypto.com on Tuesday, according to the Wall Street Journal, so maybe Lutnick’s promise to put stats on the blockchain was inspired by that in some way. Whatever was behind the idea, Trump and his family have reaped billions of dollars through their crypto associations.

    The meeting went to a lot of other weird places, especially when Trump was asked about his plans for deploying the National Guard to blue cities around the country. The president has flooded Washington, D.C., with federal agents under the pretext of cracking down on crime.

    “The line is that I’m a dictator, but I stop crime. So a lot of people say, ‘You know, if that’s the case, I’d rather have a dictator,’” Trump said Tuesday.

    Trump expressed the same sentiment on Monday, making it clear that this wasn’t just a verbal slip. He really wants to normalize the idea that dictators may get a bad wrap and are necessary to fight crime. And he’s threatened to send troops to places like Chicago as a show of force.

    Maybe they can put the crime statistics on the blockchain, too. Why not? It’s supposed to be the fix for everything, according to crypto fans. Now, if we could only get a White House reporter to ask Trump what he thinks blockchain technology is all about. It would almost certainly be a comical answer from the 79-year-old.

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    Matt Novak

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  • Trump family crypto empire expands with Crypto.com partnership

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    President Donald Trump’s personal crypto ventures are expanding again, this time with plans for a digital asset treasury company that holds an alternative cryptocurrency.

    Trump Media and Technology Group, which operates the Truth Social media platform, announced Tuesday that it was partnering with the cryptocurrency exchange Crypto.com to form a company that holds CRO, a token created by Crypto.com. A blank check company tied to Yorkville Advisors is another co-founder of the new firm, called Trump Media CRO Strategy.

    Trump Media said it plans to purchase $105 million worth of CRO. Yorkville said the total expected funding for the company’s treasury will be $1 billion worth of CRO, or about 19% of the token’s market cap, plus $420 million in cash and equivalents and as a $5 billion line of credit.

    The announcement is part of the hottest trend in crypto, in which a wide variety of companies – many with no obvious ties to the world of digital assets – have made buying and holding cryptocurrency a primary part of their business plan. The model is based on MicroStrategy, a tech firm that first started buying bitcoin in 2020 and has seen its stock price soar.

    “Companies of all sizes and sectors are strategically planning for the future by establishing digital asset treasuries anchored by assets that have created a comprehensive value proposition and are poised for even greater utility,” Devin Nunes, the chairman and CEO of Trump Media, said in a statement.

    Trump Media said it plans to introduce a “rewards system” on Truth Social that uses Crypto.com digital wallet infrastructure. CRO saw its price jump Tuesday morning by about 30% to 21 cents a token. It’s still far off from its all-time high of nearly 97 cents a token that it hit in 2021.

    Since taking office, the Trump administration has pushed for crypto-friendly regulations and laws, while the Trump family has aggressively sought to expand its crypto-related businesses.

    That unprecedented dynamic has led to allegations of corruption from Democrats, though the president says he has entrusted the management of his business dealings to his sons.

    In May, Trump rewarded top investors in his meme coin with a swanky dinner. Trump launched the coin just days before taking office. Fans of the president have also been able to buy crypto-themed Trump merchandise, including $100,000 watches and pricey sneakers.

    Trump Media previously announced plans to hold a significant amount of bitcoin on its books as well as to create an exchange-traded fund tied to the prices of five popular cryptocurrencies.

    World Liberty Financial, a cryptocurrency company launched by Trump and his sons last year, has received significant boosts from an investment fund in the United Arab Emirates and Justin Sun, a China-born crypto entrepreneur. The Securities and Exchange Commission has paused a lawsuit it filed against Sun in 2023 alleging his company engaged in market manipulation and paid celebrities for undisclosed promotions.

    A little-known firm called ALT5 Sigma recently announced it was planning to raise $1.5 billion to buy the digital coins created by World Liberty Financial and that Eric Trump, the president’s son, is joining the company’s board.

    Also on Tuesday, a firm called Canary Capital filed paperwork with the SEC seeking to sell an exchange-traded fund that will track the price of the president’s meme coin.

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  • Trump family crypto empire expands with Crypto.com partnership

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    President Donald Trump’s personal crypto ventures are expanding again, this time with plans for a digital asset treasury company that holds an alternative cryptocurrency.

    Trump Media and Technology Group, which operates the Truth Social media platform, announced Tuesday that it was partnering with the cryptocurrency exchange Crypto.com to form a company that holds CRO, a token created by Crypto.com. A blank check company tied to Yorkville Advisors is another co-founder of the new firm, called Trump Media CRO Strategy.

    Trump Media said it plans to purchase $105 million worth of CRO. Yorkville said the total expected funding for the company’s treasury will be $1 billion worth of CRO, or about 19% of the token’s market cap, plus $420 million in cash and equivalents and as a $5 billion line of credit.

    The announcement is part of the hottest trend in crypto, in which a wide variety of companies – many with no obvious ties to the world of digital assets – have made buying and holding cryptocurrency a primary part of their business plan. The model is based on MicroStrategy, a tech firm that first started buying bitcoin in 2020 and has seen its stock price soar.

    “Companies of all sizes and sectors are strategically planning for the future by establishing digital asset treasuries anchored by assets that have created a comprehensive value proposition and are poised for even greater utility,” Devin Nunes, the chairman and CEO of Trump Media, said in a statement.

    Trump Media said it plans to introduce a “rewards system” on Truth Social that uses Crypto.com digital wallet infrastructure. CRO saw its price jump Tuesday morning by about 30% to 21 cents a token. It’s still far off from its all-time high of nearly 97 cents a token that it hit in 2021.

    Since taking office, the Trump administration has pushed for crypto-friendly regulations and laws, while the Trump family has aggressively sought to expand its crypto-related businesses.

    That unprecedented dynamic has led to allegations of corruption from Democrats, though the president says he has entrusted the management of his business dealings to his sons.

    In May, Trump rewarded top investors in his meme coin with a swanky dinner. Trump launched the coin just days before taking office. Fans of the president have also been able to buy crypto-themed Trump merchandise, including $100,000 watches and pricey sneakers.

    Trump Media previously announced plans to hold a significant amount of bitcoin on its books as well as to create an exchange-traded fund tied to the prices of five popular cryptocurrencies.

    World Liberty Financial, a cryptocurrency company launched by Trump and his sons last year, has received significant boosts from an investment fund in the United Arab Emirates and Justin Sun, a China-born crypto entrepreneur. The Securities and Exchange Commission has paused a lawsuit it filed against Sun in 2023 alleging his company engaged in market manipulation and paid celebrities for undisclosed promotions.

    A little-known firm called ALT5 Sigma recently announced it was planning to raise $1.5 billion to buy the digital coins created by World Liberty Financial and that Eric Trump, the president’s son, is joining the company’s board.

    Also on Tuesday, a firm called Canary Capital filed paperwork with the SEC seeking to sell an exchange-traded fund that will track the price of the president’s meme coin.

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  • Is There a Hidden Agenda Behind These New Crypto Laws? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Recent crypto laws have sparked debate about their true political motivations. The GENIUS Act, signed on July 18, 2025, represents the cornerstone of the administration’s cryptocurrency strategy.

    Officially, the initiative aims to remove excessive administrative barriers and legalize stablecoins – crypto assets backed by real American assets: dollars, treasury bonds or gold.

    According to legislators, these coins should simplify transactions and position the United States as a global leader in digital finance. The administration has framed this legislation as part of a comprehensive strategy to enhance financial innovation while maintaining America’s economic leadership.

    Understanding cryptocurrency laws in the U.S. requires looking beyond official narratives. The stablecoin market, currently valued at over $260 billion, is projected to reach $2 trillion by 2028 under this new regulatory framework. This explosive growth will fundamentally alter the financial landscape in ways that may not align with stated objectives.

    Related: The Hidden Problems That Could Threaten Crypto’s Future

    Who regulates crypto in the U.S.?

    The question of who regulates cryptocurrency in the U.S. is becoming complex under the new legislation. The hidden agenda behind these laws appears to be weakening the Federal Reserve System’s control. As a reminder, the Fed, established in 1913, consists of twelve regional reserve banks and is considered a private structure independent of executive power.

    The prerogative of issuing “national money” is firmly secured by the Fed, and attempts to interfere with its powers have invariably met with strong opposition. Understanding who regulates cryptocurrency in the U.S. reveals the political power struggle behind recent laws.

    The new stablecoin law represents a half-measure, as it cannot solve the task of creating an alternative digital central bank. Instead, it allows private players to issue their own “money” backed by government securities, effectively fragmenting the Fed’s monopoly on emission.

    Read More: People Really Only Care About These 3 Things at Work — Do You Offer Them?

    Stablecoin influence as a tool for political influence

    New stablecoin regulation allows private entities to issue currency-like assets backed by government securities. This represents a significant departure from traditional monetary policy, where currency issuance is tightly controlled by central banking authorities.

    The approach to stablecoin regulation may fragment the Federal Reserve’s monopoly on currency issuance. By allowing private entities to create dollar-backed digital assets, the legislation effectively creates a parallel monetary system that operates under different rules and oversight.

    Critics argue that current stablecoin regulation could create a shadow emission system outside traditional controls. This system could potentially undermine the Fed’s ability to implement monetary policy effectively and respond to economic crises.

    Related: Why Institutional Investors Are Embracing Crypto–TradFi Partnerships

    The political agenda driving recent legislation

    The cryptocurrency political agenda behind recent legislation extends beyond promoting innovation. As a result, the U.S. economic system risks losing part of its budget revenues and deviating from its usual course. Businesses, having received the right to issue and use stablecoins, may begin to evade tax control and the stablecoins themselves, under unfavorable regulation, will depreciate and lose trust.

    To understand the politics around crypto, you have to look at the power struggles between government institutions. Hidden money printing creates slower growth and shaky forecasts, which is risky in an election year when political pressure is already high.

    Some in the crypto space even push for reducing the Federal Reserve’s control over monetary policy — a major change to the financial system that has shaped the U.S. for more than 100 years.

    The potential consequences of these hidden agenda crypto laws include:

    • Budget Revenue Loss: Reduced tax collection from cryptocurrency transactions compared to traditional financial operations.
    • Monetary Policy Fragmentation: Multiple entities issuing dollar-backed assets could complicate coordinated monetary policy.
    • Financial Stability Risks: A parallel financial system with different rules could introduce new systemic risks.
    • Political Power Shifts: Reduction in Federal Reserve independence and increased executive branch influence over monetary policy.
    • Economic Uncertainty: Potential for market volatility and reduced predictability during political transitions.

    Analysts are questioning whether Trump’s crypto ventures are designed to weaken Federal Reserve control. The legislation creates a framework where private entities can issue dollar-backed assets with potentially less oversight than traditional banking institutions.

    The Trump administration has framed its cryptocurrency laws as forward-looking reforms designed to position the U.S. as a leader in digital finance. But beneath that narrative lies a more complex political agenda. The legislation could reduce the Federal Reserve’s influence over monetary policy, introduce alternative currency-like instruments with favorable tax treatment and shift power among key financial institutions.

    Related: This Trillion-Dollar Industry Is Where You Need to Look For Your Next Investment — Here’s Why

    The full impact will only become clear over time. What is certain is that the effects will extend well beyond cryptocurrency markets, with the potential to reshape core elements of America’s financial and political order. The central question is whether these changes will bolster or weaken U.S. economic stability and global leadership. Understanding the implications requires looking past official narratives to the shifting power dynamics they conceal — only then can we judge whether the reforms serve the public good or narrower political aims.

    Recent crypto laws have sparked debate about their true political motivations. The GENIUS Act, signed on July 18, 2025, represents the cornerstone of the administration’s cryptocurrency strategy.

    Officially, the initiative aims to remove excessive administrative barriers and legalize stablecoins – crypto assets backed by real American assets: dollars, treasury bonds or gold.

    According to legislators, these coins should simplify transactions and position the United States as a global leader in digital finance. The administration has framed this legislation as part of a comprehensive strategy to enhance financial innovation while maintaining America’s economic leadership.

    The rest of this article is locked.

    Join Entrepreneur+ today for access.

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    Vladimir Gorbunov

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  • A Crypto Micronation Is Making Friends at the White House

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    When I visited the Free Republic of Liberland in April 2023, on its eighth anniversary, there was little to indicate that the tiny proto-nation—which had no permanent residents, barely any buildings, and a tendency to flood—was on track to fulfill its goal of becoming “the freest country on the planet.” But these days, Liberland has friends in high places.

    Liberland was founded in 2015 by Vít Jedlička, a euro-skeptic politician from Czechia who had come to view European democracies as blighted by stringent regulation and overtaxation. In search of somewhere to start afresh, Jedlička came across a rare plot of land that seemed to belong to no country—a terra nullius, or no man’s land.

    A border disagreement between Serbia and Croatia—a carryover from the dissolution of Yugoslavia in the 1990s—has created pockets of land west of the Danube that neither nation claims. On the largest plot, Jedlička planted a flag.

    The Croatian government has since repeatedly blocked Liberland’s attempts to settle the territory, which it treats as disputed land. Jedlička, who serves as Liberland’s president, has been arrested by Croatian border police on multiple occasions. During my 2023 visit, I found myself participating in a slow-motion police chase while sailing down the Danube toward the territory; Croatian officers tailed our boat for almost its entire two-hour journey from Serbia, and patrolmen waited to intercept anybody who might try to make landfall.

    “It is a fictitious project of a handful of adventurers,” the Croatian government has previously said of Liberland.

    Two years later, the Liberland government thinks it may be nearing a breakthrough. With Chinese cryptocurrency billionaire Justin Sun as its new prime minister, Liberland is aiming to make strides in international diplomacy—particularly in the US—and finally settle the land it claims to own.

    “We are taken more seriously when we have a person like Justin Sun on board,” claims Jedlička. “People understand that we are capable to actually uplift the whole region.”

    The White House, the Croatian Ministry of Foreign and European Affairs, and Justin Sun did not respond to requests for comment.

    Over the years, Liberland has been funded in large part by wealthy crypto donors, attracted by the prospect of a state built around the same libertarian principles on which crypto was founded. Liberland has itself released two crypto coins—one as a medium of exchange and the other for voting in elections—and developed its own national blockchain.

    Sun was first elected as prime minister of Liberland in October. Since then, he has been reelected on a further three occasions, in votes held quarterly.

    “Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement,” Sun wrote on X, after he was first elected. “Libertarians everywhere may have their own countries and nationalities, but Liberland will serve as their ideological homeland.”

    For Liberland, Sun could prove to be an immensely useful political ally.

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    Joel Khalili

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  • South Korean man arrested in Thailand in $50 million crypto scam

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    A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months.

    The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with promises of 30-50% returns on investment. Authorities say the victims were paid off initially in small amounts to build trust before they started facing withdrawal limits later on.

    Meanwhile, Han allegedly amassed 47.3 million in Tether, a stablecoin tied to the value of the U.S. dollar. He allegedly used the digital funds to purchase gold bars, each weighing more than 10 kilograms or 22 pounds, with each transaction worth more than $1 million.

    Police said the gold bars were used to convert the illicit crypto funds into a tangible commodity that the scammers could move across borders without being detected.

    After victims started filing complaints, the Thai Criminal Court issued an arrest warrant for Han and his operatives in February. Eleven people, including Han, have been arrested so far with involvement in the scam, according to Thai media.

    Thai police apprehend Han at Bangkok’s Suvarnabhumi Airport, and are charging him with fraud, impersonation, computer crimes, money laundering, and participation in a criminal syndicate.

    Victims around the world lost a whopping $10.7 billion to crypto scams in 2024, according to blockchain intelligence firm TRM Labs data. The report found that global crypto scams overall were up 456% over the past year. Experts advise people to use caution in their approach to cryptocurrency or even to avoid it altogether.

    Crypto has particularly turbocharged cross-border scams: the borderless, instantaneous, and anonymous nature of crypto transactions facilitates these criminal operations, while the deals evade the usual regulatory oversight of other cross-border financial transactions.

    Thailand is betting big on crypto

    The news also comes as the Thai government makes a huge bet on crypto in hopes to revamp its tourism industry.

    Earlier this week, Thailand announced an 18-month pilot program that would allow tourists to convert crypto into the local currency, the Thai baht, via Thai-based crypto exchange platforms to make payments to local businesses.

    The Thai Finance Ministry said that they will be capping the conversions at 550,000 baht, roughly equal to almost $17 thousand to prevent money laundering, Reuters reported.

    Han’s home country of South Korea is also no stranger to multi-million dollar cryptocurrency investment scams. Just less than a year ago, South Korean police arrested more than 200 people for stealing more than $228 million in a crypto scam that has since been deemed the largest in the country’s history.

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    Ece Yildirim

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  • Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

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    According to crypto analyst Cas Abbé, Dogecoin’s current movement suggests it is stepping into a new expansion phase after an extended period of accumulation. This development comes after months of relatively muted sentiment with strong price support, which now appears to be forming the groundwork for another strong breakout. Notably, technical analysis of various charts tracking Dogecoin’s hash rate, CVDD levels, alpha pricing, and network stress index provides context to this technical outlook, which might see Dogecoin surge to new price highs.

    Signs Of An Expansion Phase In Dogecoin

    Taking to the social media platform X, crypto analyst Cas Abbé explained a few reasons as to why the Dogecoin price is about to enter into an expansion phase. The first being that Dogecoin has been trading inside a wide accumulation range in the past few months. This base has been at the $0.20 price level since the beginning of August.

    This type of prolonged base-building is mostly always known to precede sharp upward moves, as it reflects the gradual buildup of strong demand. Furthermore, the analyst noted that the current breakout attempts are backed by rising trading volume, which he interpreted as institutional accumulation. This is unlike past Dogecoin bull cycles, which were mostly based on retail hype.

    Technical momentum indicators such as the Relative Strength Index (RSI) are currently in a mid-range position, and this means that Dogecoin still has significant room to climb before hitting overbought conditions.

    Another factor is the Dogecoin mining hash rate chart. As shown in the image below, the hash rate has been rising massively since the beginning of 2025, showing that network strength has been steadily climbing even during price consolidations and declines.

    Historical Patterns Back Expansion Outlook

    One of Abbé’s key points is that Dogecoin’s price cycles have consistently followed a similar pattern of long sideways stretches followed by sudden vertical expansions. This cycle structure can be seen in the cumulative value days destroyed (CVDD) chart. As shown in the chart below, Dogecoin’s price action stayed well within its accumulation zones before breaking higher in 2018 and then in 2021.

    However, unlike the peaks in 2018 and 2021 where on-chain metrics were overheated, current conditions are calm, which shows more of genuine accumulation rather than profit-taking and distribution.

    The expansion phase is not about short-lived spikes but rather the start of a new directional trend that could redefine Dogecoin’s price structure. Although the analyst did not define a price target, technical analyses from other analysts point to price predictions that will take the Dogecoin price well above its 2021 peak of $0.7316 into the $1 threshold and beyond. A similar analysis by crypto analyst Javon Marks points to a Dogecoin price target of $1.25.

    At the time of writing, Dogecoin is trading at $0.237, up by 9.5% in the past 24 hours.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Interpol cybercrime crackdown in Africa leads to the arrest of over 1,200 suspects

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    DAKAR, Senegal — A major cybercrime crackdown coordinated by Interpol has led to the arrest of 1,209 suspects across Africa and the recovery of nearly $97.4 million, the organization announced Friday.

    Dubbed Operation Serengeti 2.0, the operation took place between June and August. It brought together investigators from 18 African countries and the United Kingdom to fight harmful cybercrimes including inheritance scams, ransomware and business email compromise.

    Altogether, the scams targeted nearly 88,000 victims, the international police organization said in a statement.

    Interpol said that authorities in Angola dismantled 25 cryptocurrency mining centers where 60 Chinese nationals had been mining cryptocurrency. The operation resulted in the confiscation of equipment worth over $37 million; the government now plans to use the equipment to support power distribution in vulnerable areas.

    In Zambia, the operation dismantled an online investment scheme that defrauded more than 65,000 victims of an estimated $300 million through a fraudulent high-return cryptocurrency scam.

    “The scammers lured victims into investing in cryptocurrency through extensive advertising campaigns promising high-yield returns. Victims were then instructed to download multiple apps to participate,” Interpol said. It said that 15 people had been arrested and that authorities seized evidence including domains, mobile numbers and bank accounts.

    In locating the scam center in Zambia, authorities also disrupted a suspected human trafficking network, Interpol said.

    Interpol also said it dismantled a transnational inheritance scam in the Ivory Coast which had originated in Germany. Victims of that scam were tricked into paying fees to claim fake inheritances, causing $1.6 million in losses.

    “Despite being one of the oldest-running internet frauds, inheritance scams continue to generate significant funds for criminal organizations,” it said.

    Interpol, which has 196 member countries and celebrated its centennial last year, is the world’s largest international police network to combat international crime. Headquartered in Lyons, France, it works to help national police forces communicate with each other and track suspects and criminals in areas like counterterrorism, financial crime, child pornography, cybercrime and organized crime.

    In recent years it has grappled with new challenges including a growing caseload of cybercrime and child sex abuse, and increasing divisions among its member countries.

    Last year in the first Operation Serengeti, Interpol arrested over 1,000 people in operations that had targeted 35,000 victims.

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  • Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving

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    In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill. 

    This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of digital assets in the United States.

    Keys Behind The Responsible Financial Innovation Act

    Since the House of Representatives passed these key crypto bills last month, the Senate Banking Committee has been crafting its version of a comprehensive regulatory framework for cryptocurrencies. 

    Under the leadership of Chairman Tim Scott and alongside Senators Lummis, Bill Hagerty, and Bernie Moreno, the committee introduced the draft of the “Responsible Financial Innovation Act of 2025.” 

    This piece of crypto legislation seeks to provide much-needed regulatory clarity, promote innovation, and address the significant risks often associated with the evolving digital asset landscape.

    Related Reading

    The Senate’s proposed framework builds on the foundation laid by the Clarity Act, which primarily aimed to empower the Commodity Futures Trading Commission (CFTC) and classify digital assets as commodities. 

    In contrast, the Senate bill grants the Securities and Exchange Commission (SEC) primary regulatory oversight over what it terms “ancillary assets.” 

    Notably, the bill specifies that these ancillary assets should not be classified as securities, and transactions involving them would not fall under federal securities laws, including the Securities Investor Protection Act of 1970.

    This comes on the heels of statements from SEC Chair Paul Atkins, who suggested that only a small number of tokens could be classified as securities, depending on how they are packaged and marketed.

    Crypto Legislation’s Thanksgiving Deadline

    The bill also takes a stance on combating illicit financial activities associated with digital assets. It mandates new regulations for anti-money laundering (AML) efforts and countering the financing of terrorism.

    The draft unveils that one of the most pressing challenges in developing a robust digital asset market is determining how traditional banks and financial institutions fit into this evolving ecosystem. 

    Related Reading

    An increasing number of banks such as Morgan Stanley, Citigroup, and Bank of America, are now considering the integration of crypto assets, particularly stablecoins, as a means to overcome traditional payment barriers. 

    The proposed legislation aims to address this issue by explicitly allowing banks and financial holding companies to engage in a variety of digital asset activities, including custody and trading.

    During a recent conversation at the SALT conference in Jackson Hole, Wyoming, Senator Lummis expressed her confidence in the crypto bill’s momentum, stating, “We will have it on the President’s desk before Thanksgiving.” 

    The daily chart shows the total crypto market cap at $3.81 trillion. Source: TOTAL on TradingView.com

    Featured image from DALL-E, chart from TradingView.com

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    Ronaldo Marquez

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  • More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In

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    After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency.

    Bitcoin To Fall More? Crowded Long Trade Gives Hint

    According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, Bitcoin open interest across all exchanges has surged past $40 billion, nearing ATH territory. This rise shows both whales and short-term traders are piling into leveraged positions.

    Related Reading

    The chart below highlights the recent spike in BTC open interest, now hovering at $40.6 billion. Compared to August 2024 levels of $15 billion, open interest has grown by more than 150%.

    Bitcoin open interest has surged past $6 billion | Source: CryptoQuant

    The CryptoQuant contributor added that despite this surge, the funding rate has remained positive, showing a strong long bias. While this reflects market optimism, it also signals a crowded trade, with most participants betting on further BTC appreciation.

    funding rates
    Bitcoin funding rates across all exchanges continue to be positive since the beginning of August | Source: CryptoQuant

    As a result, the risk of a long squeeze – forced liquidations of long positions due to aggressive leverage – has risen. XWIN Research Japan explained in their analysis:

    A sudden price drop can trigger a cascade of forced selling, amplifying volatility. In other words, Bitcoin’s short-term moves remain at the mercy of speculative flows.

    BTC Fund Holding By Institutions Rises

    Despite speculative froth from excessive leverage in the market, BTC fund holdings by Bitcoin exchange-traded funds (ETFs) and institutional investors continue to surge, exceeding 1.3 million according to latest data.

    fund
    Bitcoin fund holdings currently hover around 1.3 million | Source: CryptoQuant

    Spot ETFs and corporate treasuries absorbing BTC provides the digital asset a structural bid that steadily reduces its available supply. According to data from SoSoValue, US-based spot Bitcoin ETFs currently hold $146 billion in net assets – representing 6.47% of BTC’s market cap.

    Related Reading

    That said, this week alone has seen more than $645 million in outflows from spot Bitcoin ETFs, following two consecutive weeks of inflows totaling nearly $800 million. Among the ETFs, BlackRock’s IBIT leads with $84.78 billion in net assets as of August 19.

    Still, not all signals are bearish. For instance, while BTC slipped below $115,000, its spot trading volume surged past $6 billion, giving bulls hope for a potential rebound.

    Similarly, technical analyst AO recently suggested that BTC could be mirroring gold’s trajectory, with an ambitious target of $600,000 by early 2026. At press time, BTC trades at $113,845, down 1.5% in the past 24 hours.

    bitcoin
    Bitcoin trades at $113,845 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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    Ash Tiwari

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