Opening Recap
Market Pulse: Bitcoin rocketed above $117K after GOP Fed nomination news set traders on edge and profit-taking cooled at $115K – volatility remains elevated across crypto markets.
Key Movers: Block’s robust Q2 bitcoin revenue report, Decrypt’s Myriad forecasts on bitcoin and Ethereum holdings, and XRP’s potential near $4.80 amid Asia’s ETF push grabbed attention.
Macro & Politics: Trump’s executive order opening 401(k)s to private equity and crypto stoked debate over long-term risk, while Bitwise flags an SEC pivot that could lift DeFi protocols.
What’s Next: Eyes on layer-2 catalysts, Fed chatter and Ripple’s appeal decision to drive the next leg in coin markets.
Market Commentary
Everyone’s glued to the insane bounce in “Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve” from Biztoc.com, but they’re overlooking that short-term holders are finally hitting the brakes, as “Bitcoin Profit-Taking Cools Off at $115K” points out on Bitcoinist. That chill in selling activity could mean the worst of post-ATH dumps has passed, or it’s just a breather before another leg lower. Ignoring this hell letup is reckless, because when the next dump hits, there won’t be a soft landing.
Look at how “Block reports Q2 bitcoin revenue $2.144B” from Thefly.com and “‘It’s Not Priced In’ – Bitwise CIO Says Ethereum, Solana, Uniswap and Others To See Boost From Massive SEC Pivot” from The Daily Hodl tie together. Jack Dorsey’s empire isn’t just riding bitcoin’s upswing; it’s a legit barometer of consumer demand in digital assets, while the SEC’s murmurings on Ethereum and Solana could spark a wave of protocol revaluations. Together, they prove institutional and retail appetites are converging—a cocktail that could pack a punch.
So what’s the move? Don’t just pile into bitcoin because headline numbers feel sexy. Focus on the underappreciated plays noted in “‘It’s Not Priced In’” from The Daily Hodl – think Ethereum layer-2 rollups and DeFi primitives that could rerate hard. Meanwhile, set an eye on “XRP Eyes $4.80 Amid Japan ETF and South Korea Regulatory Support” from Financial News; if Asia’s ETF push lands, that’s a rocket ride you’ll regret missing. Be ready to pounce or bail when D.C. opens its mouth.
📈 Breaking Financial News
Myriad Moves: Bitcoin Price Targets, Sharplink Ethereum Holdings and Vitalik’s Mentions
Top markets on Myriad this week include predictions on the price of Bitcoin and markets with connection to the Ethereum founders.
Trader Issues Bitcoin Alert, Says BTC Could Drop Sharply if History Repeats Itself – Here Are His Targets
Cryptocurrency analyst and trader Ali Martinez is warning of a potential sharp drop in the price of Bitcoin (BTC) if history repeats itself. Martinez tells his 145,900 followers on the social media platform X that Bitcoin has previously corrected by 20% to 30…
XRP Eyes $4.80 Amid Japan ETF and South Korea Regulatory Support
XRP’s parked at the $3 mark, riding the hype of a potential SEC green light on Ripple’s appeal withdrawal—if that news drops, expect a rocket past $3.30 and maybe all the way to $4.80. Asia’s taking no prisoners: Japan’s SBI is teeing up a Bitcoin/XRP ETF with up to $1 billion in buys, and South Korea’s BDACS just gave XRP a regulatory safe harbor on major exchanges. Meanwhile, Ripple’s filing for a federally chartered trust bank in New York to cut out the Fed, rolling out a community rewards bl
Taking a crypto retirement: Trump order opens the door for private equity and other 401(k) retirement plan options
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could…
Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve
Having tumbled to below $112,000 at one point a few days ago, bitcoin (BTC) has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news …
$100 Oil Coming?
CNN/WSJ: Oil prices exploded 6-8% on Iran crisis. Analysts warn $100/barrel if Strait of Hormuz disrupted. While oil stocks swing wildly, there’s a steadier way to profit. Marc shows you how.
🔍 Market Analysis & Insights
Block reports Q2 bitcoin revenue $2.144B
See the rest of the story here. Thefly.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly’s real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corpor…
Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve
Bitcoin cratered to sub-$112K days ago but blasted back above $117K after Trump signed an executive order allowing crypto in 401(k) plans and tapped President-friendly Fed nominee Stephen Miran—dovish rate cuts incoming, baby! A parade of jittery Fed speakers, freaked out by dismal jobs and lukewarm ISM Services data, have supercharged September cut odds to 95% (thanks, CME FedWatch), so all eyes will be glued to Powell’s Jackson Hole keynote for the ultimate rate-cut tea leaves. Meanwhile ether
Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve
An executive order paving the way for crypto to be included in 401(k) plans is also helping boost prices on Thursday.
NBA Star CJ McCollum’s Money Mindset
NBA guard CJ McCollum joins Jabari Young on The Enterprise Zone at the Nasdaq MarketSite. During their discussion, McCollum shares his perspective on the NBA’s collective bargaining agreement with players, as well as his reasons for hesitating to buy Bitcoin,…
Trump opens the door for private equity and crypto as 401(k) retirement plan options
NEW YORK (AP) — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald …
Partner with Elon Musk on His “Google Killer”
Elon’s new AI, Grok 3, is being hailed as the future of search. Want to own a piece of the action? Tech legend Jeff Brown reveals how everyday folks can invest in Elon’s private AI company, xAI, before it goes public.
💰 Investment Opportunities
The New MicroStrategy? UK Firm Settles Majority Of Convertible Notes In Bitcoin — Details
A new contender has entered the conversation about institutional Bitcoin adoption, and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round,…
‘It’s Not Priced In’ – Bitwise CIO Says Ethereum, Solana, Uniswap and Others To See Boost From Massive SEC Pivot
The chief investment officer (CIO) of digital asset firm Bitwise, Matt Hougan, believes the pro-crypto stance the U.S. Securities and Exchange Commission (SEC) has recently taken is massively bullish for the industry. In a new blog post, Hougan says the recen…
Bitcoin Swift (BTC3) Presale Nears Close of Current Phase with Proof-of-Yield Protocol Launch
If there was ever a moment to move, this is it. Bitcoin Swift is nearing a turning point. The current stage is closing in hours, and with it, the last chance to lock in one of the most explosive APYs in crypto right now. Early holders are already preparing fo…
Bitcoin Profit-Taking Cools Off at $115K – Maxi Doge Looks Poised to Pop
Bitcoin short-term holders are finally chilling out. After weeks of aggressive profit-taking near the $123K peak, new Glassnode data shows that spending activity from recent buyers has cooled off – a signal that the worst of the post-ATH dump might be behind …
Ethereum’s mixed signals: Bearish sell pressure vs. strong on-chain indicators
Ethereum faces historic sell pressure, but rising user activity and strong holder conviction offer support.
This “awesome resource” could power America for 30,000 years…
We sent one of our smartest researchers… a consultant who’s worked for the likes of J.P. Morgan and Citicorp… into the middle of the Utah desert with a film crew. Why? So he could lead an investigation into a radical new kind of energy that’s so abundant, the Dept. of Energy says it could meet America’s power needs for the next 2 million years. It’s got nothing to do with wind, solar, nuclear, oil or gas. This could be huge for early stakeholders.