Cryptocurrency - Page 5 of 149

BlackRock Now Holds 735,000 Bitcoin Worth $86B, Expands Ethereum ETF

BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management, now holds more than 735,000 Bitcoin worth about $86 billion through its iShares Bitcoin ETF (IBIT).

On-chain data from Arkham Intelligence shows consistent inflows, including multiple 300 BTC transfers — each worth $37 million — via Coinbase Prime in recent days. This marks a significant rise from March 2025, when BlackRock’s Bitcoin holdings were 567,000 BTC valued at $47.8 billion.

BlackRock’s Ethereum ETF (ETHA) is also expanding. Wallets tied to the fund have recently received a 5,900 ETH deposit along with multiple 10,000 ETH transfers in just two days, totaling over $121 million. The firm’s Ethereum exposure now exceeds $14 billion.

With these accumulations, BlackRock ranks among the largest global Bitcoin holders, surpassing MicroStrategy’s 628,946 BTC stash worth around $55 billion. Alongside government treasuries and crypto-native whales, BlackRock’s presence further cements institutional dominance in the digital asset market.

The success of Bitcoin ETFs continues to drive liquidity. Since their 2024 approval, U.S.-listed Bitcoin ETFs have generated tens of billions in trading volume, with IBIT leading adoption. Meanwhile, Bitcoin is consolidating between $117k–$118k, trading at $117,789, up a modest 0.34% today after hitting $124k earlier in the week.

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7 Reasons Ethereum: South Korean Investors Are Betting Big on Ethereum Stocks Over Big Tech

South Korean Investors Dump Big Tech for Ethereum Stocks

South Korean retail investors are switching up their portfolios, ditching major U.S. tech names like Tesla, Apple, and Alphabet in favor of Ethereum (ETH)-related stocks — and the numbers show it’s not just a passing trend.

Why BitMine is the Hot Pick

The biggest winner in this shift? BitMine Immersion Technologies (BMNR) — a U.S.-listed firm backed by billionaire Peter Thiel. Once a Bitcoin miner, BitMine now focuses entirely on Ethereum and holds an impressive $5.32B worth of ETH, making it the largest corporate ETH holder in the world. It’s even hinted at issuing up to $20B in stock to buy more ETH.

Since early July, Korean investors have poured roughly $259–269M into BitMine shares, making it Korea’s most popular foreign stock. The buzz is fueled by the recently passed GENIUS Act, which gives stablecoins a clearer legal framework, boosting ETH sentiment. The fact that BitMine’s chairman, Tom Lee, has Korean heritage adds an emotional pull for local buyers.

Other ETH-related stocks are riding the wave too — Robinhood, Coinbase, and SharpLink Gaming (which holds over 728,800 ETH) are all seeing major demand. SharpLink’s stock alone has skyrocketed over 126% since July.

Big Tech on the Chopping Block

Meanwhile, Korean investors are offloading their “Magnificent Seven” holdings — dumping $770M in Tesla shares, $230M in Apple, and $177M in Alphabet last month. High valuations, underwhelming earnings, and uncertainty over U.S. tariffs under President Donald Trump are pushing them away from U.S. tech.

Experts think the Ethereum-stock craze could continue short term, but warn that global economic instability might slow overall foreign stock purchases.

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Chainlink (LINK) Jumps 40% in a Week as Whale Activity and Partnerships Boost Confidence

The native token of Chainlink (LINK), the leading blockchain oracle network, has rallied 40% in the past week, now trading near $24 and showing a strong rebound from previous lows.

According to Santiment, Chainlink is experiencing its highest bullish sentiment since February 1, alongside the largest number of active LINK addresses in eight months. Whale transactions have also reached a seven-month high, signaling increased participation from both large holders and developers building on Chainlink.

Partnerships Strengthen Market Confidence
Beyond on-chain metrics, Chainlink’s market confidence is being fueled by new partnerships. The project recently joined forces with the Intercontinental Exchange (ICE) to bring foreign exchange and precious metals data on-chain, further linking LINK to traditional finance and expanding its real-world utility.

Technical Analysis
Analysts note that if LINK can hold above $24, it could target $30 in the near term. The Relative Strength Index (RSI) sits in the mid-60s, leaving room before overbought conditions kick in.

Despite the rally, LINK is still around 55% below its May 2021 all-time high of $52.88. Similar to Stellar, Hedera, and Litecoin, it hasn’t yet reclaimed its 2021 peaks — meaning some traders may wait for those levels before taking profits.

With rising investor confidence, record whale activity, and bullish technicals, LINK could be poised for more upside — potentially revisiting previous highs if current trends hold.

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Ripple CTO Reaffirms XRP as “Strategic Weapon” for Global Payments, Not a Bank Account

David “JoelKatz” Schwartz, Chief Technology Officer at Ripple, has once again made it clear: XRP is not Ripple’s “bank account”, but rather a strategic weapon in the company’s mission to revolutionize global payments.

Speaking through comments resurfaced by the Good Morning Crypto channel, Schwartz revisited the long-standing debate on XRP’s role and the flexibility of the XRP Ledger (XRPL). The discussion reignited on August 14, 2025, after a user pointed out that XRPL’s trustline system allows institutions to transact without holding significant amounts of XRP.

Trustlines – The Backbone of Flexible Payments
Trustlines, a concept dating back to Ryan Fugger’s 2004 work that inspired XRPL and the Interledger Protocol (ILP), are credit arrangements between accounts. They allow token transfers with only minimal XRP to cover transaction fees.

“I really hope institutions do form trust relationships and leverage them,” Schwartz said, calling it a “huge win for everyone” when such arrangements provide a better fit than cryptocurrency-based settlement.

Beyond Cryptocurrency-Only Solutions
Schwartz stressed that digital assets without counterparties or jurisdiction are best reserved for cases where those traits offer real advantages. He believes blockchains will grow more valuable by integrating tools beyond pure crypto transfers.

A Practical Example
He illustrated the point with a scenario: if “Alice” accepts Bitcoin and “Bob” prefers cash, XRPL or ILP can still connect them — handling discovery, quoting, atomic settlement, and accounting while converting between assets.

This perspective reaffirms Ripple’s dual strategy: leveraging XRP where it’s most effective, while enabling flexible, interoperable payment solutions across global markets.

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TRON Surpasses 11.1B Transactions as Whale Activity Fuels Bullish Outlook

TRON (TRX) is making waves in the crypto market, surpassing 11.1 billion transactions amid a surge in whale activity and growing institutional interest. The TRX network’s bullish momentum continues, with some analysts setting optimistic long-term price targets.

The global crypto market cap stands at $4.01 trillion, up 0.04% in the last 24 hours, while daily trading volume dropped 25.15% to $215.32 billion. Bitcoin (BTC) leads at $118,094 (+0.05%), while TRX trades at $0.355304, marking a slight 1.22% daily dip, according to CoinMarketCap.

Crypto analyst Davide noted on X that the surge is “fueled by record USDT flows as whales moved $700M off Binance in 48hrs.” He highlighted that TRX has surged over 150% for long-term holders, but current RSI readings suggest a cooldown before the next rally.

Strong Network Utilization
Data from CryptoQuant shows TRON’s transaction counts now range between 6–9 million daily, with historic spikes above 12 million in late 2022 and early 2023. This steady activity points to robust network use despite occasional slowdowns.

Technical Indicators Suggest Short-Term Caution
TradingView data shows TRX has been trending upward since mid-June. Current readings place the Stochastic RSI in the overbought zone (77.14 and 85.74), hinting at a possible short-term pullback. However, the Awesome Oscillator remains in positive territory, reflecting ongoing buying pressure.

While near-term caution is warranted, TRON’s fundamentals, high transaction activity, and whale-driven liquidity suggest that TRX may soon challenge higher resistance levels if bullish momentum persists.

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Breaking ! Peter Schiff Pushes $1.1B Tokenized Gold Plan, Says It Beats Bitcoin

Peter Schiff Backs $1.1B Tokenized Gold Plan, Slams Bitcoin

Economist and outspoken gold advocate Peter Schiff is doubling down on his belief that tokenized gold is blockchain’s best application, taking aim at Bitcoin in the process.

$1.1B Gold-Backed Tokenization Initiative

Schiff’s remarks came after Streamex, a Solana-based tokenization platform, shared that only $1.7B worth of gold is currently tokenized just 0.008% of gold’s $22 trillion market cap. Schiff responded on X, calling gold “the best monetary asset to tokenize” and claiming it improves on gold’s qualities while avoiding Bitcoin’s flaws.

The project he’s backing is a $1.1 billion gold-backed treasury plan by BioSig Technologies (NASDAQ: BSGM) in partnership with Streamex. Announced in July, the funding includes a $1B equity line of credit and $100M in senior secured convertible debentures at a 4% interest rate. The capital will be used to expand a real-world asset (RWA) tokenization platform and issue shares over 36 months.

Why Schiff Says Gold Beats Bitcoin

Schiff argued that tokenized gold solves “all the problems Bitcoin can’t” — offering global access, 24/7 liquidity, high security, and lower entry barriers for investors. He also suggested tokenized gold could replace U.S. dollar stablecoins entirely, providing a digital currency backed by a tangible asset.

This strong institutional push into gold tokenization marks another step in the broader digital asset market’s search for stable, asset-backed alternatives to both Bitcoin and fiat-pegged stablecoins.

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Solana (SOL) Breaks $200 for First Time Since July on Institutional Buying Surge

Solana’s native token SOL has broken the $200 barrier for the first time since late July, surging 15.67% in the past 24 hours to $201.22. This rally pushes its weekly gain to over 23%, far outpacing the broader crypto market’s 4.2% rise.

The breakout follows bullish corporate news. Nasdaq-listed Upexi Inc. announced the creation of a Solana-focused advisory board headed by BitMEX co-founder Arthur Hayes, along with a $316 million SOL holding. Upexi’s shares jumped 20% in pre-market trading on the news.

Solana’s market cap now stands at $108.59 billion, with 24-hour trading volume soaring 118% to $12.71 billion. Corporate buying has become a significant factor, with public companies reportedly holding around 8% of SOL’s circulating supply. This concentration creates scarcity, potentially driving prices higher.

The $200 level serves as a key psychological threshold and a signal of renewed market strength. SOL briefly hit $205.87 before easing back. Analysts are watching to see if it can maintain this level, with support from institutional interest and a broader altcoin rally.

Solana’s gains come as Ethereum’s market share drops to its lowest since December 2024, reinforcing SOL’s position as a leading altcoin in the current market cycle.

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Chainlink (LINK) Price Jumps 40% in 7 Days as Whale Activity and Partnerships Surge

Chainlink’s native token, LINK, has surged 40% in the past seven days, climbing to nearly $24 and marking its strongest performance since early 2024. The rally follows a wave of bullish sentiment and increased on-chain activity.

Data from Santiment shows Chainlink is experiencing its highest bullishness since February 1, with the number of active LINK addresses hitting an eight-month high. Whale transactions have also reached a seven-month peak, signaling growing interest from both retail investors and large holders.

Partnership news is further driving momentum. Chainlink recently collaborated with the Intercontinental Exchange (ICE) to bring foreign exchange and precious metals market data on-chain. This integration strengthens Chainlink’s role as a bridge between blockchain and traditional finance, boosting the real-world utility of LINK.

Technically, LINK’s price action looks favorable. Analysts say maintaining levels above $24 could open the path toward $30. The Relative Strength Index (RSI) is in the mid-60s, suggesting the asset still has room to climb before becoming overbought.

Despite the rally, LINK remains about 55% below its all-time high of $52.88 set in May 2021. If current trends persist, analysts believe LINK could make a push toward those previous highs, offering renewed opportunities for investors.

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U.S. PPI Surges 0.9% in July, Bitcoin Drops Below $119K on Fed Rate Cut Fears

The U.S. Producer Price Index (PPI) surged 0.9% in July, far exceeding the 0.2% forecast and marking a significant acceleration from June’s flat monthly reading. On an annual basis, PPI rose 3.3% versus expectations of 2.5%, signaling persistent wholesale-level inflation pressures. Core PPI, which strips out food and energy, also climbed 0.9%, well above estimates.

The hotter-than-expected inflation data has fueled speculation that the Federal Reserve may delay planned interest rate cuts. CME FedWatch Tool data shows the probability of a September rate cut slipping from near-certainty at 100% to 96% following the announcement.

Cryptocurrency markets reacted swiftly. Bitcoin fell from over $124,000 to below $119,000, while Ethereum slid 4% to $4,550. Solana, XRP, and other major altcoins also saw steep declines as investors priced in the potential for higher borrowing costs.

Labor market data offered little relief, with weekly jobless claims coming in at 224,000—slightly below forecasts—indicating a still-resilient jobs market. U.S. equity index futures dropped 0.5%, the dollar strengthened, and the 10-year Treasury yield rose five basis points to 4.25%, signaling a risk-off move toward safe assets.

The sharp PPI increase underscores the challenges facing the Fed in managing inflation without derailing economic growth.

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3 Insane Reasons Pump.fun’s $33M Buyback Is Sending PUMP Token Skyrocketing

Pump.fun’s $33M buyback pushes PUMP token up 15% in 24 hours, reinforcing its lead in the Solana memecoin launchpad space.

It just gave the PUMP token community a reason to celebrate. The Solana-based memecoin launchpad has pulled off a massive buyback spree, snapping up $8.42 million worth of PUMP in the past week alone. That’s a huge 97.29% of its weekly revenue — and it’s working. The token price spiked over 15% in 24 hours, trading at $0.004053 according to CoinMarketCap.

This isn’t a one-off move either. Since the program began, Pump.fun has bought back a total of $33.61 million in PUMP, cutting into the circulating supply. That’s roughly 0.741% of its whopping 1 trillion total tokens — and the scarcity effect is real.

Pump.fun’s Memecoin Domination

Pump.fun isn’t just playing defense. On August 11 alone, it launched 26,836 new tokens, grabbing a 73.6% market share of all memecoins created that day, according to Dune Analytics. This puts it way ahead of rivals like LetsBonk and Bags, cementing its position as the go-to platform for memecoin creators on Solana.

Buybacks aren’t new in finance both stock and crypto markets have used them to prop up value for decades. But Pump.fun’s aggressive approach has caught analysts’ eyes, with some saying PUMP could break through higher resistance levels if the momentum holds.

For now, Pump.fun is turning the “memecoin wars” on Solana into its personal victory lap and if they keep this up, PUMP might just be the token to watch in 2025.

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