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Bitcoin Insane Juggernaut Incoming: David Bailey Eyes $762M “Smash Buy”

David Bailey Bitcoin Purchase to Shake Up the Market

David Bailey Trump’s former crypto adviser and CEO of Nakamoto Inc. is about to make a statement move: a $762 million Bitcoin purchase set for execution as soon as Tuesday. Rather than buying in one big chunk, he’s going to use VWAP (Volume Weighted Average Price), chopping it into smaller trades to minimize market disruption.

David Bailey Bitcoin Purchase: Building a Juggernaut

Bailey’s always joked he wanted to “smash buy $1 billion of Bitcoin in a single bid,” and now he’s finally doing it albeit with a more modest $762 million. Nakamoto Inc.’s vault will be boosted by about 6,400 BTC, catapulting the firm into the ranks of elite institutional Bitcoin holders. This follows a $51.5 million capital raise earlier this year and comes with a fun twist: the firm has adopted a bullfrog mascot, which Bailey says represents a “legendary treasure hoarder.”

Beyond acquisitions, Bailey is also raising $100–200 million for a BTC-focused PAC aimed at influencing U.S. crypto policy. His move highlights the growing blend of crypto, business, and political strategy in the U.S. and serves as a reminder: BTCis increasingly more than just a meme.

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Breaking Ethereum :Samson Mow 1stly Claims “No One Wants ETH in the Long Run”

Samson Mow Doubles Down on Ethereum Skepticism

Samson Mow, CEO of Bitcoin adoption firm JAN3, has stirred up the crypto community with his blunt take: “No one wants ETH in the long run.” In an X post, Mow alleged that many major Ethereum holders are actually long-time Bitcoin investors rotating their BTC into ETH to pump prices with fresh narratives only to dump Ethereum later and rotate profits back into BTC.

According to Mow, this cycle leaves new investors as “generational bagholders,” especially when psychological resistance near Ethereum’s all-time highs triggers mass profit-taking. He called this the “Bagholder’s Dilemma,” warning traders to plan their moves carefully.

Samson Mow Ethereum Debate Heats Up

Not everyone agrees. ETH advocate Anthony Sassano dismissed Mow’s claims as “old-school Bitcoin maxi rhetoric” and argued such skepticism often signals bullish momentum for Ethereum.

Investor Ted Pillows offered a middle ground—predicting ETH could continue rising, sparking a mini altseason, before money rotates back into Bitcoin and potentially pushes BTC toward $140,000.

Market data shows ETH’s dominance has slipped 10% since late June, despite strong institutional interest and DeFi growth. Yield farming, lending protocols, and higher total value locked (TVL) are pulling users back into the ETH ecosystem, noted Nick Ruck of LVRG Research.

At press time, ETH was trading at $4,299.39 while BTC hovered at $122,003, per CoinGecko. The next few weeks could reveal whether ETH’s rally has lasting power or if another capital rotation back to Bitcoin is imminent.

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Insane ! Strategic Ethereum Reserve Hits 3 Million ETH Worth $13B as Adoption Grows

Strategic Ethereum Reserve Reaches $13B Milestone

The Strategic Ethereum Reserve (SER) has officially crossed the 3 million ETH mark—valued at roughly $12.83 billion—cementing its role as one of the biggest collective Ethereum holdings in the world. That’s about 2.78% of all ETH in circulation.

Strategic Ethereum Reserve Attracts Big Names

Launched to encourage organizations to hold ETH as part of their balance sheets, the SER’s approach mirrors Michael Saylor’s Bitcoin strategy at MicroStrategy. Currently, the reserve has 64 participants, ranging from crypto-native DAOs like Gnosis and Lido to public companies such as Bit Digital and BTCS Inc. Even governments are involved—the U.S. Government holds 59,965 ETH, while Bhutan has 495 ETH in the reserve.

This mix of public companies, DAOs, and state entities shows just how far Ethereum’s reputation has come—not just as a blockchain for apps, but as a yield-bearing, internet-native asset with serious staying power.

ETH’s price is also enjoying a bullish wave. Up more than 17% in the past week, Ethereum is now trading around $4,175 according to CoinMarketCap. The rally comes ahead of the much-anticipated Fusaka upgrade and is being fueled, in part, by the SER’s accumulation strategy, which is tightening ETH’s circulating supply.

If the momentum continues, Ethereum’s position as a key strategic asset could become even harder to ignore.

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Pendle (PENDLE) Breaks $5 Resistance with 20% Surge — Eyes $6 Next?

Pendle (PENDLE) has surged impressively in the last 24 hours, breaking the critical $5 resistance level with a 20%+ price jump fueled by heavy trading volume. The token’s current price stands at around $5.315, marking a significant bullish breakout for traders and investors alike.

The trading volume has increased by over 240%, signaling strong buyer interest. Technical indicators support this momentum — the Bollinger Bands show expansion, suggesting increased volatility and bullish potential, while the price has found support at the 20-day Simple Moving Average (SMA) around $4.36.

The MACD line crossing above its signal line further hints at a bullish crossover, aligning with the rising volume. Immediate support for Pendle now sits at $5.00, with secondary supports at $4.50 and $4.00. These levels are important for maintaining the bullish trend.

To push further toward $6, Pendle must maintain its current momentum and close cleanly above the $5.50 mark. If buyers stay strong, the next key target is $6, last seen in late 2024. Traders should watch volume closely as it will be critical to sustaining this upward trend.

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Rumble Eyes $1.17B Acquisition of Northern Data to Boost AI Cloud Presence

Rumble is negotiating to acquire Germany-based Northern Data for about $1.17 billion, a move that could transform the video-sharing platform into a global AI cloud powerhouse. Northern Data operates high-capacity GPU data centers and has a market value of $1.7 billion.

The deal would add Northern Data’s Taiga GPU platform—with over 22,000 Nvidia H100 and H200 GPUs—and five data centers, boosting its AI cloud services dramatically. One data center in Georgia alone could provide up to 180 MW of power once completed.

The acquisition is backed by Tether, which owns over half of Northern Data and has invested heavily in Rumble. Tether plans to exchange its Northern Data shares for Rumble stock and become a major GPU customer, reinforcing its tech sector footprint.

Before moving forward, it must complete due diligence, secure board approval, and obtain regulatory clearances. Northern Data is also selling its bitcoin mining business, Peak Mining, a condition Rumble wants before closing the deal.

If completed, this deal would shift Rumble from a niche video platform into a significant player in AI, cloud computing, and data privacy—positioning it to compete with major tech firms globally.

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Stellar (XLM) Soars 15% After Ripple SEC Case Ends — Eyes $0.51 Next

Stellar (XLM) has made a strong comeback, surging 15% in just 12 hours from $0.40 to $0.4644 after the U.S. SEC officially dropped its lawsuit against Ripple. The news, announced late Thursday, sparked a breakout for XLM as trading volume soared past $1.1 billion in 24 hours.

Just a day earlier, XLM was struggling near $0.41. Now, with a market cap of $14.5 billion, the token is back in the crypto top 20, setting sights on the next resistance at $0.51. The $0.45 level has flipped into strong support, signaling that bulls are firmly in control.

The move comes after weeks of consolidation between $0.39 and $0.42. Stellar and Ripple share deep ties—both co-founded by Jed McCaleb—so developments for one often impact the other. With Ripple gaining legal clarity, Stellar is riding the momentum.

Adding fuel to the rally is Stellar’s upcoming Protocol 23 mainnet vote on September 3. If approved, it will bring smart contract capabilities and improved tokenized asset features, aligning with institutional adoption trends.

If XLM maintains current momentum and Bitcoin stays steady, a push toward $0.51 or even $0.54 is possible in the short term. The weekend’s follow-through volume will be key.

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El Salvador Plans Bitcoin-Only Banks to Boost Financial Access

El Salvador is preparing to launch Bitcoin-only banks, furthering President Nayib Bukele’s ambitious adoption strategy. ONBTC confirmed the move on X, calling it a major step for the “Bitcoin country.”

While details remain scarce, the idea is to create banks that operate primarily with Bitcoin, potentially revolutionizing access to financial services. Nearly 70% of Salvadorans are currently unbanked, and BTC-based banking could offer them new opportunities for savings, payments, and loans.

The initiative is linked to Bukele’s earlier Bank for Private Investment (BPI) proposal, which aims to allow banks to operate under lighter regulations, partner with foreign institutions, and handle larger loans. BPIs would require at least $50 million in capital and two shareholders, with the option to register as its service providers.

Supporters like Max Keiser and Cathie Wood see this as a potential boost for the nation’s economy, while the IMF warns about Bitcoin’s volatility and lack of consumer safeguards.

Since legalizing it in 2021, El Salvador has launched the Chivo wallet, issued Bitcoin bonds, and invested in geothermal-powered BTC mining. With reserves now worth $747 million and its July high of $123K, the country is doubling down on becoming a global crypto hub.

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Ripple’s XRPL EVM Sidechain Aims to Attract Developers and Boost DeFi Ecosystem

Ripple’s latest move to launch an Ethereum-compatible EVM sidechain on the XRP Ledger (XRPL) is set to bring a wave of developers into its ecosystem. Announced by Ripple CTO David Schwartz, the sidechain was launched in June and uses XRP as its native token while supporting smart contracts written in Solidity.

The goal? Make XRPL more accessible to Ethereum developers and expand its DeFi capabilities. With just 168 developers currently, XRPL lags behind Ethereum’s 8,500 and Solana’s 4,000. But Schwartz sees this sidechain as a long-term solution, offering growth without changing XRPL’s core strengths.

Currently, the XRPL DeFi space holds $94,000 in total value, led by Moai Finance. Ripple plans to push adoption through grants, institutional partnerships, and community incentives. This cross-chain approach combines XRPL’s speed with Ethereum’s flexibility, positioning XRPL in the rising trend of multi-chain ecosystems.

Though progress is slow, Schwartz believes the EVM sidechain will drive innovation and new applications. As interest in interoperability grows, this move could redefine XRPL’s role in the blockchain landscape.

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Solana Surge & Whales Dump: Top 5 Signals as SOL Trapped at $164

SOL is flexing its muscle again. In July, on-chain usage smashed records monthly non‑voted transactions hit new highs, and network throughput soared to a blazing 1,318 TPS, according to SolanaFloor. Total Value Locked (TVL) is also at a 3‑year peak, showing real DeFi strength.

Solana Signals Mixed: Network Strong, Whales Quietly Dumping

Still, SOL price is locked in the $164–$168 range, showing weak breakout momentum despite the on-chain sizzle.. Multiple whales including Galaxy Digital unstaked over 250K SOL (~$40M) and sent to Binance, sparking fears of sell pressure even while usage climbed.

Technicals are flashing caution. Solana is forming a descending triangle pattern, with support near $160, and resistance capping rallies around $171–$172, showing compression ahead of potential volatility. On-chain user activity via Artemis shows a sharp 16% drop in daily actives, signaling cooling DeFi use and weakening sentiment.

Despite this, fundamentals remain solid: SOL still boasts ultra-high throughput, 99.99% uptime, and upcoming upgrades like Firedancer that could light a fuse under its price.

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Bitcoin Elliott Wave Analysis Suggests Rally to $140K Before 2026 Bear Market

Bitcoin may still have room to rally before a significant downturn, according to John Glover, CIO at crypto firm Ledn, who believes the asset is currently in the third wave (wave iii) of a classic five-wave Elliott pattern. Despite a recent 4% dip, pushing BTC below $112,000, Glover expects the correction to be short-lived and part of a “typical retracement.”

According to Glover, long-term holders took profits near the $120,000 mark, leading to the recent pullback—echoed by similar drops in crypto stocks like MicroStrategy and Coinbase. However, momentum remains intact.

Glover predicts Bitcoin will reach $130,000 in the coming weeks, possibly dip back to $110,000, and then surge toward a cycle peak of $140,000 by the end of 2025.

The Elliott Wave Theory, which uses psychological patterns to map market cycles, indicates that BTC is still mid-rally. After wave v, Glover anticipates a new bear market starting in 2026, rejecting sky-high $250K+ predictions.

This technical outlook adds a structured narrative to Bitcoin’s price movement, aligning long-term strategy with psychological market cycles.

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