Author: Ethan Carter

Bitcoin Maximalist Comments on XRP’s Double BottomMarket analyst Xaif Crypto notes that even Benjamin Cowen, one of the most committed Bitcoin maximalists, has acknowledged that XRP “drew his interest” due to a developing double bottom pattern against BTC.This statement is noteworthy as it reframes XRP’s technical setup not merely as a separate altcoin narrative, but as a strengthening movement relative to Bitcoin, the primary market benchmark.A double bottom is a well-known reversal pattern where the price hits a support level, rebounds, retests the same low, and then breaks higher, indicating decreasing selling pressure and increasing buying interest.On a chart paired…

The US Department of Commerce has started disclosing official economic figures directly on public blockchains, marking a novel approach to transparency and safeguarding data.The pilot initiative commenced on August 28 with nine networks, among them Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.The announcement assured,“The Department published an official hash of its quarterly GDP data for 2025—and, in certain cases, the overall GDP figure.”Significantly, other prominent blockchain networks like XRP Ledger and Cardano were absent from the initial launch.The authorities highlighted that major US exchanges, including Coinbase, Gemini, and Kraken, helped in making the datasets accessible.The government noted that upcoming releases could broaden to include more chains,…

This edition of the Crypto for Advisors newsletter features Samantha Bohbot, partner and chief growth officer at RockawayX, providing insights into decentralized finance and the unique contributions of Bitcoin, Ethereum, and Solana to the sector.Additionally, Kevin Tam addresses inquiries regarding institutional investments in crypto ETFs and highlights some global trends in the “Ask an Expert” section.– Sarah Morton Webinar alert: On September 9 at 11:00am ET, join Michelle Noyes from AIMA and Andy Baeh from CoinDesk Indices for a discussion on building a sustainable business in the cyclical crypto markets. Register now at https://aima-org.zoom.us/webinar/register/4917558078322/WN_3jAGIrqMTK2z7e74q5bkWg#/registration.Event alert: CoinDesk: Policy & Regulation in…

Shares of real estate asset manager Caliber, traded on Nasdaq, surged following the announcement of its transition to a Chainlink treasury, despite an ongoing probe by the exchange.In a Thursday announcement, Caliber’s board disclosed its approval to develop a digital asset treasury strategy centered on Chainlink (LINK). As per the new directive, the firm plans to allocate some of its capital to procure LINK tokens.A crypto advisory board has also been appointed to direct management on digital asset strategies, policies, and related undertakings. Market observers have responded positively, with data from Google Finance indicating that the company’s stock climbed by…

The U.S. government has officially started sharing gross domestic product (GDP) data on public blockchains. According to Bloomberg, the announcement from the Commerce Department on Thursday integrates blockchain into America’s economic reporting, making GDP accessible on nine networks including Bitcoin, Ethereum, and Solana. Officials from the Commerce Department stressed that the blockchain implementation is not meant to replace traditional economic data releases, but serves as “another avenue” for distribution, per Bloomberg. Nonetheless, this represents a significant symbolic move, as it effectively endorses a technology once met with skepticism in Washington. “The entire administration is on board with this,” stated Mike…

Market discussions regarding Bitcoin Penguins are buzzing with FOMO. Currently priced at $0.00198, Bitcoin Penguins is being likened to the early days of Pudgy Penguins. Anticipation is high as many view this as the final opportunity to acquire tokens before a possible breakout. Bitcoin (BTC) continued its upward trend near $113,000 on Thursday, buoyed by enhanced market sentiment and reduced selling pressure. Other cryptocurrencies, led by Ethereum (ETH), demonstrated similar strength, with price movements largely mirroring Bitcoin’s path. Bitcoin’s rise reflects increasing investor confidence amidst declining selling pressure, helping the market stabilize. ETF inflows for BTC remain consistent, though…

error code: 524

error code: 524

Senator Bam Aquino of the Philippines has expressed his intent to introduce a bill aimed at storing the national budget on a blockchain.According to a Facebook post by local news outlet BusinessWorld, Aquino is set to file the bill “in the next couple of weeks.” This legislation would “integrate the government’s budget and transactions into a blockchain framework for enhanced transparency.”In a focused Facebook update, Aquino highlighted discussions on how technology could “enhance accountability in governance” during the Manila Tech Summit 2025, specifically mentioning blockchain technology:“I also talked about innovations like blockchain-based budgeting to ensure that every peso is transparent…

Summary Bitcoin is currently trading within a narrow band between $108K and $115K following a recent flash crash that erased more than $900M in long positions. The current BTC price hovers around $113K, indicating consolidation amidst reduced leverage and uncertain ETF inflows. A breakout above $115K could propel Bitcoin towards $118K–$120K, with possibilities of reaching up to $124K. A drop below $108K may lead to downward movements towards $105K or potentially $100K. The Bitcoin price outlook remains neutral, with the next significant trend for September likely hinging on a breakout or breakdown. Earlier this week, Bitcoin experienced a dramatic decline…