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Showing posts with the label bitcoinist

Bitcoin Sharks Add 65K BTC In 7 Days: Supply Squeeze Setup Strengthens

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Bitcoin is navigating a volatile phase where bulls are struggling to drive the price higher, yet bears have also failed to push BTC below the $110,000 mark. This tight range signals a standoff, but beneath the surface, the market appears to be shifting into a new phase. For the first time in months, Ethereum and several altcoins are showing relative strength against Bitcoin, raising questions about capital rotation and changing market dynamics. Fresh data from CryptoQuant sheds light on the divergence between short-term traders and larger conviction-driven buyers. According to their report, addresses holding between 100 and 1,000 BTC—often referred to as “sharks”—have added a staggering 65,000 BTC in just seven days. This aggressive accumulation has lifted their total holdings to a record 3.65 million BTC. What makes this development notable is that it has occurred even as spot prices hovered near $112,000. While retail-driven volatility has kept price action choppy, structural deman...

Crypto Faces PATRIOT Act Crackdown—Treasury Targets Mixers And DeFi

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The US government is preparing to bring sweeping anti-money laundering powers from the PATRIOT Act into the crypto sector, in a move that could reshape the boundaries of privacy, compliance, and innovation. According to reporting by The Rage, the Treasury Department is seeking to apply Section 311 of the USA PATRIOT Act—often described as one of the most far-reaching financial surveillance tools—to cryptocurrency activities such as mixers, DeFi protocols, and certain wallet services. At the center of the initiative is the Financial Crimes Enforcement Network (FinCEN), which is drafting a rule that would formally classify crypto mixing services as a “primary money laundering concern.” Such a designation would give the US Treasury the authority to effectively cut off these services from the US financial system by prohibiting banks, exchanges, and payment processors from transacting with them. US Revives War On Crypto Privacy The Rage report notes that this new rule is expected to mir...

Ethereum Flows Heat Up in the U.S.: Analysts See $4,500 Resistance as the Next Big Test

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Ethereum (ETH) is back in the spotlight as institutional inflows into U.S. spot Ethereum ETFs accelerate. On September 11, 2025, BlackRock’s Ethereum ETF recorded a remarkable $74.5 million daily inflow, while Fidelity’s U.S. Ethereum ETF attracted another $49.5 million, according to data from Farside Investors. In total, U.S. spot Ethereum ETFs have seen more than $171 million in net inflows this week, reflecting robust demand from institutional investors. The surge in flows underscores growing confidence in Ethereum’s long-term value, even as regulators remain cautious on staking provisions. Analysts suggest these inflows could act as a catalyst for higher ETH prices, reinforcing Ethereum’s role as the backbone of decentralized finance (DeFi), NFTs, and AI-powered blockchain applications. Ethereum Eyes $4,500 Breakout Currently, Ethereum is trading near $4,400, up 1.9% in the past 24 hours, with a market cap of $529 billion. Despite positive inflow momentum, ETH remains locked ...

Alabama Lawmaker Raises Alarm On GENIUS Act’s Impact On Small Banks

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Alabama State Senator Keith Kelley has warned that the GENIUS Act , signed into law on July 18, 2025, could trigger a wave of deposit outflows that would hurt rural community banks. According to reports , Kelley set out his concerns in an op-ed for 1819 News, arguing that a perceived gap in the law could let crypto platforms offer yields or rewards that pull funds away from local lenders. The warning comes as public comment periods have already opened at the US Treasury, and regulators are expected to write the rules that make the new law operational. GENIUS Act: Senator Warns Of Deposit Flight Financial experts say the worry centers on how “comparable supervision” will be defined. If foreign or nonbank stablecoin issuers are treated as having comparable oversight when regulators’ rules are loose, depositors could be tempted to shift cash to higher returns offered by crypto firms. Alabama’s Sen. Keith Kelley warns the GENIUS Act could devastate rural banks by shifting deposits...

Shiba Inu Team Confirms Delayed Migration Is A Go, Here’s What’s Coming

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After weeks of anticipation and setbacks, the Shiba Inu development team has officially confirmed that the long-awaited migration from LEASH v1 to LEASH v2 is ready to begin. The delay stemmed from the need to address flaws in the original LEASH token contract and to complete a thorough security audit. Now that these hurdles are cleared, developers say the transition to LEASH v2 is set to commence in the coming days. Shiba Inu Team Confirms Migration According to a recent blog post by the Shiba Inu team, the security audit of the LEASH v2 contract and its migration mechanism has been completed by Hexens, which has now cleared the way for the long-delayed rollout.  The developers explained that they engaged Hexens to perform a full, independent audit of the integrated system, covering the LEASH v2 token, the migrator, and all associated flows. Now that the security firm Hexens has cleared the audit, the migration is expected to begin anytime soon.  Hexens is a Web3-focus...

Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?

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The Ripple community is once again caught up in speculation after data showed a steep drop in Coinbase’s XRP holdings . Instead of seeing it as a sell-off, some commentators believe the decline could be linked to BlackRock quietly moving into position through Coinbase Custody. The rumors are persistent, even though BlackRock has already shot down earlier claims about a Spot XRP ETF filing. Nonetheless, this has left many to wonder if there’s more happening behind the scenes than the company is willing to admit. Coinbase’s Holdings And BlackRock Rumor Recent on-chain data revealed that Coinbase’s XRP stash has decreased drastically since the second quarter of 2025. This decrease has seen the amount of coins held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone. Considering the scale of this decline, the movement has stirred up different rumors. Some investors are of the notion that these are actually intended sell-offs by Coinbase, while othe...

Senate Pushes Forward on Crypto Bill: Critics Question If Oversight Goes Too Far

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The U.S. Senate is pushing forward with a new crypto market structure bill, but growing tensions are emerging over how the legislation is being shaped. Senator Elizabeth Warren (D-MA) has raised sharp concerns about the lack of transparency in the crypto bill process, accusing Republicans of releasing a 182-page draft without consulting Democrats or disclosing industry input. Warren argued that such an approach threatens bipartisan cooperation, warning that lobbyist-driven legislation risks creating unfair advantages in the crypto industry. “Instead of working with us, Republicans have produced partisan drafts reflecting secret feedback from industry,” Warren said, urging for more openness and collaboration. Democrats Release Their Own Framework In response, Senate Democrats unveiled a six-page framework outlining their priorities for crypto regulation . The document highlights seven key pillars, including consumer protections, preventing corruption, clarifying regulatory jurisdi...

Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

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Bitcoin is once again caught in a tight battle between bulls and bears as selling pressure and uncertainty weigh on the market. The leading cryptocurrency has struggled to establish a clear direction, with buyers working to hold the price above the critical $110,000 level while sellers aggressively defend resistance near $113,000. This standoff has left BTC in a narrow range, fueling speculation over whether the next decisive move will be a breakout or a breakdown. Despite the choppy price action, key onchain data from Maartunn paints a more optimistic picture beneath the surface. According to his analysis, Bitcoin’s network fundamentals remain strong and continue to improve, even as price volatility dominates short-term sentiment. Metrics tracking network activity and adoption suggest that the recent swings are more reflective of broader market dynamics—such as liquidity shifts and macroeconomic uncertainty—rather than Bitcoin losing momentum on its own. This divergence highlights t...

Solana Perp OI Breaks $7 Billion, But Funding Remains Sideways

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Data shows the Solana perpetual futures Open Interest has surged past $7 billion, a sign that speculative participation in SOL is on the rise. Solana Perp Open Interest Has Spiked Recently As pointed out by on-chain analytics firm Glassnode in a new post on X, the Solana Open Interest has climbed up as the SOL price has continued to outperform the market recently. The “ Open Interest ” here refers to an indicator that keeps track of the total amount of perpetual futures positions related to SOL that are currently open on all derivatives exchanges. The metric takes into account for both short and long contracts. Now, here is the chart shared by Glassnode that shows the trend in the Solana perpetual futures Open Interest over the past year: As displayed in the above graph, the Solana Open Interest has observed an increase alongside the asset’s push above the $200 mark and has crossed the $7 billion milestone. “Market participation is clearly expanding,” notes the analytics firm. Hi...

Bettors Bet Big On Trump Pardoning Binance Founder Changpeng Zhao

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According to a Polymarket poll titled “Who will Trump pardon in 2025,” Changpeng Zhao is the favored candidate for a presidential pardon, drawing 36% of bets on the decentralized prediction site. Polymarket Puts CZ Ahead Polymarket’s numbers show strong speculative interest in Zhao’s fate. A 36% share of bettors is a large lead in a market where votes are driven by opinion and information, not official process. Based on reports, the poll reflects what some traders expect rather than any formal signal from the White House. Prediction markets can move fast when new facts appear, and their prices are watched because they capture a slice of public expectation. Congressman George Santos and entrepreneur Roger Ver also made the list, each drawing 10% support from bettors for a Trump pardon. Other names listed by participants include Steve Bannon, Rudy Giuliani, and Sean “Diddy” Combs. Source: Polymarket Legal Background And Public Comments Zhao pleaded guilty in November 2023 to fa...

New Bitcoin Reserve Bill Pressures Treasury On Custody Rules

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The US House Appropriations Committee has advanced H.R. 5166 — the Financial Services and General Government (FSGG) spending bill for FY2026 — with language that would formally direct the Treasury Department to spell out how the federal government will custody Bitcoin and other digital assets it acquires, explicitly including holdings earmarked for the newly created Strategic Bitcoin Reserve. The bill was reported on September 5, 2025, as House Report 119-236 and placed on the Union Calendar. Congress Demands Public Information On Bitcoin Reserve At the statutory level, Section 138 of the reported bill requires the Treasury, within 90 days of enactment, to deliver a public plan for the “secure and efficient custody” of federal digital assets, “including assets held under the Strategic Bitcoin Reserve and the US Digital Asset Stockpile.” The plan must delineate custody architecture, legal authorities, cybersecurity controls, and interagency workflows for transfers and safekeeping. S...

Bitcoin Core Censorship Could Trigger Full-Scale Fork, Ordinals Leader Warns

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A leading figure in the Bitcoin Ordinals movement has threatened to bankroll an alternative version of the reference Bitcoin software if Bitcoin Core tightens default relay policy to the detriment of Ordinals and Runes transactions. In an “open letter to Bitcoin Core” posted on September 6, Leonidas — host of The Ordinal Show and a prominent organizer in the inscriptions ecosystem — warned that “any serious attempt by Bitcoin Core to tighten policy rules or censor Ordinals and Runes transactions will be met with decisive action.” He said that, if necessary, “the DOG Army will fund the development and maintenance of an open source fork of Bitcoin Core that strips out nearly all policy rules,” adding that thousands would run it “to make it abundantly clear that Bitcoin is and must always remain censorship resistant.” Leonidas framed the dispute as one over the base-layer neutrality. He argued that the Ordinals/Runes economy is not freeloading, claiming it has “contributed over half a ...

Whales Dump 115,000 BTC in Largest Distribution Since 2022: Is a Crash Looming?

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Bitcoin (BTC) is facing heightened volatility after whales unloaded between 112,000 and 115,000 BTC, valued at nearly $12.7 billion, in August. According to on-chain data from CryptoQuant, this represents the largest whale distribution since July 2022, adding significant selling pressure to the market. The sell-off came from large holders controlling between 1,000 and 10,000 BTC. These whales had accumulated more than 270,000 BTC between April and August, only to reverse course and flood the market with supply. This aggressive profit-taking pushed Bitcoin prices below $109,000, marking a 5.5% monthly decline and breaking a four-month winning streak. Market Shows Signs of Bitcoin (BTC) Stabilization Despite the heavy distribution, recent activity suggests selling pressure may be cooling. Whale movements peaked on September 3, when more than 95,000 BTC changed hands in a single week, the largest shift since March 2021. However, the pace has since slowed to around 38,000 BTC per week ...

Bitcoin et crypto : la SEC alerte sur la menace des ordinateurs quantiques

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La Securities and Exchange Commission (SEC) tire la sonnette d’alarme : les ordinateurs quantiques menaceraient les fondements cryptographiques de Bitcoin , Ethereum et plus, dès 2028. Cette révolution technologique pourrait “briser les fondations cryptographiques” des réseaux blockchain. Un chaos sans précédent risque d’arriver dans les échanges financiers. Pire encore, certains acteurs pourraient déjà accumuler des données chiffrées pour les décrypter ultérieurement. Cette menace est réelle , imminente, et impose une question : serons-nous prêts à migrer vers des standards résistants aux attaques quantiques avant qu’il ne soit trop tard ? La SEC alerte sur le “Q-Day” imminent La SEC, via sa Crypto Assets Task Force , tire la sonnette d’alarme : d’ici 2028 , les ordinateurs quantiques pourraient devenir assez puissants pour pulvériser les protocoles cryptographiques. Ils protègent aujourd’hui Bitcoin , Ethereum et l’ensemble de l’écosystème blockchain. Autrement dit, ce qui p...

How Rich Is Ethereum Co-Founder Vitalik Buterin Really? Arkham’s 2025 Report

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Arkham Intelligence’s new deep-dive, shared via X on September 6, pegs Vitalik Buterin’s wealth at “at least $1.05 billion”—a lower-bound tally built from identified on-chain assets and known private holdings. The report situates the estimate as of August 2025 and emphasizes that it fluctuates intraday with Ether’s price. How Rich Is Ethereum Co-Founder Vitalik Buterin? The backbone is Ether itself. Arkham attributes ~240,042 ETH to Buterin’s known wallets and notes that over 99% of his crypto portfolio value is in ETH. At the time of writing in the report, ETH was $4,321, implying roughly $1.04 billion of ETH exposure alone and explaining the tight co-movement between his net worth and ETH’s market cycle. Historically, Arkham reconstructs a precise balance-history curve. On December 31, 2015, Buterin’s known crypto wealth stood at $596,760; by December 31, 2016 it was $4.23 million, then $278.37 million a year later—his largest year-over-year jump in the 2017 bull run. He first c...

Dogecoin Enters Accumulation Phase: What To Expect As Price Faces Resistance At $0.22

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With the market remaining indecisive, Dogecoin has found its way into another accumulation phase after being rejected by bears once again. This has seen its price stuck just above $0.2, with a failure to mark any successful breakout. However, with accumulation trends, they often tend to form the basis for the next move, which could happen soon. Naturally, there are two ways the price could go from here, so we take a look at the next notable levels. The Bullish Case For Dogecoin Crypto analyst Lingrid has explored the possible directions that the Dogecoin price could go in when the accumulation trend does come to an end. The first is the bullish scenario, given that the Dogecoin price has seen the formation of a major structure. The current structure shows that the Dogecoin price is actually still trading inside of a descending structure. This comes after the rejection from the resistance trendline that pushes the price downwards from $0.24. But this has not completely sent the Do...

Ethereum Staking In Focus: SharpLink Considers Linea For Treasury Yield – Details

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SharpLink is weighing a bold move that could reshape how corporations manage digital assets. Presently, the company is exploring the option of staking a portion of its Ethereum on the Linea network. What Staking Ethereum Means For SharpLink SharpLink Gaming (NASDAQ: SBET), one of the largest Ethereum treasury firms, is taking a step into the future of decentralized finance, with plans to stake a portion of its massive $3.6 billion ETH treasury on the Linea layer-2 network.  According to Co-CEO Joseph Chalom, this strategic decision will help diversify the company’s staking strategy while actively contributing to the growth of the Ethereum ecosystem. By choosing to explore staking on Linea, the company is signaling a strong belief in ETH scaling solutions, which comes as Linea prepares for its official mainnet launch on September 10. The company has also joined the Linea Consortium, which oversees the distribution of 75% of the LINEA token supply . This strategic alliance help...

Crypto Expert Shares How To Get To $1 Million With XRP

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The debate over XRP’s potential as both a utility token and a wealth-building asset for long-term investors remains a hot topic in the crypto space. Recently, a crypto expert has added fuel to the discussion, unveiling a detailed step-by-step approach he believes could turn XRP into a million-dollar opportunity for investors.  The $1 Million XRP Wealth Strategy Austin Hilton, a crypto investor and expert, has outlined his approach to building generational wealth with XRP in a video post on X social media. Rather than chasing speculative short-term gains , Hilton emphasized a strategy built on three strong pillars: patience, consistency, and discipline. Hilton revealed that he has been steadily accumulating XRP for years, treating it similarly to his diversified approach in traditional markets like stocks and bonds. Rather than placing all his capital in one asset, he considers XRP a part of his portfolio alongside Bitcoin and Ethereum.  His first step toward reaching $1...

Tether Eyes Gold Mining As New Frontier For Crypto Profit Deployment

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Tether, the issuer of the market’s largest stablecoin by trading volume, USDT, is reportedly in discussions to invest in gold mining. The company aims to channel its substantial cryptocurrency profits into the metals market.  According to a recent Financial Times report , Tether is exploring opportunities across the entire gold supply chain, including mining, refining, trading, and royalty companies.  Gold As Foundational Asset Paolo Ardoino , Tether’s CEO, has expressed a strong affinity for gold, referring to it as “natural Bitcoin.” In a speech earlier this year, he articulated a perspective that contrasts with the common view of Bitcoin as “digital gold,” instead emphasizing that gold represents “a foundational asset.” Per the report, Tether’s interest in gold has surprised many within the traditional mining sector, raising questions about the company’s strategy and its potential for success.  One mining executive remarked on Tether’s unconventional approach, su...