Author: John Smith
Billionaire investor Ray Dalio has renewed his support for holding gold and some Bitcoin as U.S. federal debt has crossed $40 trillion, and BTC has rallied toward $80,000. Summary U.S. federal debt reached $40.05 trillion on Aug. 18, according to Treasury data. Dalio advised investors to favor gold and some Bitcoin over debt assets such as bonds. Bitcoin has climbed from nearly $63,000 to the upper $70,000 range this week. Treasury will double some long-dated debt buybacks to at least $4 billion per operation. Ray Dalio, writing in an X post, said the U.S. government’s financial position had reached an…
Bitget CEO Gracy Chen has put the chance of the U.S. government buying Bitcoin for its strategic reserve before President Donald Trump leaves office at close to zero. Summary The U.S. reserve holds an estimated 198,000 BTC obtained mainly through forfeiture proceedings. Trump’s order permits additional acquisitions only through strategies that impose no extra taxpayer costs. Chen said active purchases would require a much larger policy decision and political debate. The no-sale rule removes potential government supply but does not create direct market demand. Speaking in a recent interview, Bitget CEO Gracy Chen said the U.S. government is unlikely to…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP rebounds to $1.40 as ETF inflows boost optimism, while MoneySimpler AI trading offers automated market analysis and trading. Summary XRP rebounds near $1.40 as trading activity and ETF inflows rise, fueling hopes that token could advance toward $5 soon. Crypto volatility stays high, prompting investors to explore automated tools marketed as simpler ways to trade and earn. MoneySimpler markets AI analysis and automated trade execution as tools designed to lower barriers to quant strategies. XRP has rebounded to…
Digital Asset and the American Idea Foundation have selected Canton Network for a three-state US benefits pilot scheduled to begin in the first quarter of 2027, subject to federal approval. Summary Three US states are expected to begin testing the RISE program in early 2027. RISE would combine separate benefits into monthly or twice-monthly payments. Canton would apply spending rules while limiting access to recipients’ sensitive information. The participating states and benefit programs have not yet been disclosed. Digital Asset and the American Idea Foundation said in a Friday announcement that they will support three states preparing to test the…
BitMine Chairman Tom Lee has identified BMNR as the US-listed stock most closely tied to Ethereum, citing an 80% correlation while predicting that ETH will outperform Bitcoin during the current cycle. Summary BitMine showed an 80% correlation with ETH in Fundstrat’s comparison of 17 large-cap stocks. Lee expects tokenization and AI applications to support Ethereum’s performance against Bitcoin. BitMine held 5.82 million ETH, or 4.8% of the token’s supply, as of Aug. 16. US spot Ethereum ETFs attracted $365 million in July, compared with $205 million for Bitcoin funds. Fundstrat said in a Friday post on X that its study…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. EX DeFi is attracting XRP holders seeking alternative income as regulatory optimism boosts interest in the digital asset. Summary Trump urges Congress to advance the CLARITY Act as Bitcoin tops $79,000 and XRP surges more than 40% amid regulatory optimism. EX DeFi promotes XRP cloud mining with automated computing power contracts, aiming to help holders generate passive income. EX DeFi says its platform combines cloud mining with multi-layer security, compliance measures, and support for major digital assets. Significant progress…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin surges above $75,000 as Treasury buybacks trigger short liquidations and rapidly shift crypto market sentiment. Summary Bitcoin surged 20% in a week after a surprise Treasury buyback announcement, triggering a sharp shift from Fear to Greed. Bitcoin’s rally sent funding rates to a 20-month high as ETF flows and whale buying offer mixed signals on its sustainability. Treasury policy, rising crypto sentiment, and stronger liquidity are driving Bitcoin’s rebound while traders watch for volatility risks. A surprise Treasury…
Solana has reduced its target slot time from 400 milliseconds to 350ms for the first time since the network launched, starting a four-stage plan that could eventually bring slots down to 200ms. Summary Solana has reduced its target slot time from 400ms to 350ms for the first time since the network launched. The change is the first stage of SIMD-0525, which plans further reductions to 300ms, 250ms and 200ms. Shorter slots are designed to reduce confirmation latency while network resource limits are adjusted proportionally. The remaining stages are targeted for Agave v4.2, although the activation schedule remains tentative. Solana Foundation…
XRP price extended its breakout above $1.40 on Aug. 21 as regulatory optimism, whale accumulation and forced short covering lifted the token from its recent $1.00 floor. Summary XRP price climbed roughly 20% in 24 hours and reached an intraday high of $1.43. Whales accumulated more than 300 million XRP over 96 hours, according to Ali Charts. The daily Supertrend turned bullish at $1.14 as Chaikin Money Flow rose to 0.17. Liquidation data places the next major pocket of leveraged positions between $1.43 and $1.48. XRP price action today According to data from crypto.news, XRP (XRP) price was trading near…
Ripple CEO Brad Garlinghouse said on Aug. 20 that the company is aggressively adopting artificial intelligence as it pursues further revenue and workforce growth. Summary Garlinghouse said Ripple has adopted artificial intelligence aggressively to accelerate growth across its expanding business. Ripple employs about 1,500 people globally and plans continued hiring as revenue grows further worldwide. Garlinghouse expects Ripple to more than double annual revenue during 2026, despite continuing market weakness. Ripple currently lists 94 roles publicly, including engineering positions focused on AI driven operations worldwide. Ripple Prime clears more than $3 trillion annually for over 300 institutional customers across markets.…