Author: John Smith
As explained in the previous XAUUSD weekly forecast, gold retraced to major buying levels below $3336 and is now holding above $3350 again, looking to take out $3380, and eventually sustain above $3400 as well. Summary Gold is holding above $3350 after retracing to key buying levels and is aiming for $3380, $3400, and potentially $3440–$3500 (new ATH). This week’s FOMC minutes, unemployment claims, PMIs, and Powell’s Jackson Hole speech will drive volatility; dovish signals could push gold higher, while hawkish tones may pressure it. Key resistance is at $3420–3440 (4H supply), while strong supports are at $3314–3281 (daily support)…
WazirX, one of the largest crypto exchanges in India, has gained a majority vote of more than 95% for its latest restructuring proposal. It is now awaiting court approval. Summary WazirX’s latest restructuring plan received a 95.7% creditor vote, cleared by a Singapore court approval or refusal. The Indian exchange has been wrapped up in legal troubles ever since it suffered a $230 million hack in July 2024. In a recent release from WazirX, the crypto exchange has proposed yet another restructuring plan to the court for approval. On August 18, the restructuring plan received majority support from creditors, with…
The SEC has pushed back its decision on spot XRP ETF applications, prolonging the wait for approval. Summary The U.S. Securities and Exchange Commission has extended its review of several XRP ETF applications. Other altcoin ETFs, including Solana and Litecoin filings, are also facing delays. Analysts and investors remain bullish on the potential launch of XRP ETFs. According to notices filed on Aug. 18, the SEC has extended its review period for several XRP (XRP) exchange-traded fund applications. The delays affect issuers including CoinShares, 21Shares, Canary Capital, and Grayscale, all seeking to launch ETFs tracking the XRP token. The commission…
Bitcoin is holding near the $115,000 mark after a week of choppy price action, with exchange-traded fund outflows weighing on sentiment even as whale wallets quietly expand their holdings. Summary Bitcoin trades near $115,00, down 3% this week and 2.5% this month, sitting 7% below its all-time high. ETF activity reversed with $121M in daily outflows. Whales accumulated 20,000 BTC, adding to over 225,000 BTC since March, a trend often linked with price recovery. Bitcoin (BTC) has slipped around 6% from its Aug. 14 all-time high, remaining 3% down in the past week. After a strong summer rally that propelled Bitcoin from…
While the SEC’s extended review of Truth Social’s Bitcoin and Ethereum ETF is procedural, it can be seen as a high-stakes balancing act for an agency caught between crypto innovation and politics. With Trump’s financial interests in the mix, the agency faces unprecedented scrutiny over its next move. Summary SEC delays ruling on Truth Social’s Bitcoin and Ethereum ETF to October 8. Routine extension gains weight due to Trump Media’s involvement and political context. Watchdog group urges rejection, citing conflicts of interest and TMTG’s weak financials. On August 18, the U.S. Securities and Exchange Commission pushed its deadline to rule…
The United States Department of the Treasury is seeking public feedback on innovative methods and tools for detecting illicit activity in the digital assets industry. Summary U.S. Treasury has asked for public comments on tools used to detect and monitor illicit activity in the digital assets ecosystem. The public have until October 17, 2025 to share their input as required under the GENIUS Act. The U.S. Treasury said in a press release that interested members of the public have an opportunity to provide comments on the techniques or strategies that regulated institutions use to detect and mitigate illicit finance risks…
What explains the growing disconnect between Bitcoin’s strength in 2025 and Strategy’s lagging stock, once the market’s favorite equity proxy for the asset? Summary Bitcoin hit record highs above $124,000 in 2025, yet Strategy Inc’s stock fell nearly 9% and trades one third below its 52-week high. The company holds about 629,000 BTC worth $72.5 billion, but its market capitalization premium has compressed to near parity from 2.5–3 times in 2024. Financing pressures are mounting, with cheap debt windows gone and share dilution losing investor support; outstanding shares have grown over 40% in three years. Spot Bitcoin ETFs and easier…
Amid struggles in its EV business, cash-starved Faraday Future is pivoting to crypto and AI. Summary Faraday Future is pivoting to crypto and embodied AI The firm hopes its crypto treasury will attract capital and help it raise cash for its business So far, Faraday Future has produced only 16 of its FF 91s vehicles The struggling EV startup Faraday Future is pivoting to crypto and AI. On Sunday, August 17, EV startup Faraday Future announced the launch of a treasury product, as well as a new focus on embodied AI. Faraday Future is launching the C10 Treasury product, a…
The rebranded firm, now holding 94,675 ETH, is betting big on Ethereum’s long-term value, with backing from Polychain, Founders Fund, and key DeFi founders. Summary ETHZilla debuts on NASDAQ with a $419m Ethereum treasury, rebranding from biotech firm 180 Life Sciences. Backed by Polychain, Founders Fund, and DeFi leaders, ETHZilla aims to be a major corporate ETH holder. According to a press release dated August 18, ETHZilla Corporation has officially completed its rebranding and transition from biotech firm 180 Life Sciences to a dedicated Ethereum (ETH) treasury vehicle. The company’s shares began trading under the new ticker “ETHZ” on the…
BitMine Immersion accelerated its Ethereum accumulation, adding 373,000 ETH in seven days. The corporate treasury now stands at $6.6 billion, positioning the firm as the world’s largest ETH holder and second only to Strategy’s Bitcoin trove. Summary BitMine Immersion added 373,000 ETH in one week, raising its corporate treasury to $6.6 billion. The firm now holds the world’s largest Ethereum treasury and the second-largest corporate crypto treasury globally. BitMine aims to acquire up to 5% of Ethereum’s circulating supply, backed by institutional investors like ARK and Pantera Capital. In a press release dated August 18, BitMine Immersion Technologies announced its…