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The Ethereum ETFs are adding massive buying pressure as they continue to accumulate ETH at an unprecedented pace. Their latest accumulation spree comes as the largest altcoin by market cap nears its current all-time high (ATH) around $4,800. Ethereum ETFs Buy $1 Billion Worth of ETH Arkham data shows that the funds bought $1 billion

The post Ethereum ETFs Buy $1 Billion in ETH as Price Nears ATH appeared first on CoinGape.

The post Trump Threatens Lawsuit Against Powell Amid Fed Building Cost Dispute appeared first on Coinpedia Fintech News

The ongoing feud between President Trump and Jerome Powell has taken a sharp turn, as Trump is now threatening legal action against the Fed Chair.

Trump Blasts Powell Over Fed Building Costs

In a latest post on Truth Social, Trump expressed his frustration with how Powell handled repairs on construction relating to Federal Reserve buildings and accused him of massive overspending and mismanagement. 

“Three Billion Dollars for a job that should have been a $50 million fix-up. Not good,” he said. Because of this, Trump is considering allowing a major lawsuit against Powell for what he calls a “horrible and grossly incompetent” job. 

The Trump administration has previously criticized Powell over the renovation costs. Recently, Russell Vought, the budget chief, accused Jerome Powell of seriously mismanaging the Federal Reserve and misleading Congress about the price and scope of the big renovation project at the Fed’s headquarters.

Powell responded, saying that the renovation has been closely overseen and that necessary repairs drove the costs up. Trump also took a jab at former Treasury Secretary Steven Mnuchin and blamed him for backing Powell’s appointment.

Trump Pushes For Rate Cuts

Trump yet again called out Powell for not lowering interest rates. “The damage he has done by always being Too Late is incalculable”, he added. Despite this, Trump says the economy is strong enough to overcome Powell and the Federal Reserve Board’s slow actions.

Powell’s Future Uncertain

Powell’s term runs until May 2026, and Trump has talked about firing him sooner but later backed off, saying it was highly unlikely. The Fed chair can usually only be removed for serious reasons, not just policy differences.

Recently, Trump nominated Stephen Miran to the Federal Reserve Board to replace Adriana Kugler. Miran will serve on the Fed board until January 2026 while the search continues for a permanent replacement and a new Fed chair.

The post Trump Threatens Lawsuit Against Powell Amid Fed Building Cost Dispute appeared first on Coinpedia Fintech News
The ongoing feud between President Trump and Jerome Powell has taken a sharp turn, as Trump is now threatening legal action against the Fed Chair. Trump Blasts Powell Over Fed Building Costs In a latest post on Truth Social, Trump expressed his frustration with how Powell handled repairs on construction relating to Federal Reserve buildings …

The post Circle To Launch New Layer-1 Blockchain for Stablecoin Payments appeared first on Coinpedia Fintech News

Circle, a publicly listed U.S. company known for its USDC stablecoin, has revealed plans to launch a new layer-1 blockchain later this year.

Circle’s New Blockchain for Stablecoin Payments

In a latest press release, Circle announced Arc, a new Layer-1 blockchain, designed to provide an “enterprise-grade foundation” for stablecoin payments, foreign exchange, and capital markets applications. ”

The EVM-compatible network uses USDC as its native gas and includes an integrated stablecoin FX engine, sub-second settlement finality, and optional privacy controls for users. Arc will be fully integrated across Circle’s platform and remain interoperable with other partner blockchains. The company plans to launch a public test version of Arc this fall. 

Circle called this blockchain “purpose-built” for stablecoin finance, marking a defining moment in its journey to deliver a “full-stack platform” for the internet financial system.

Q2 Revenue Hits $658M, USDC Circulation Rises To $65B

The company recently posted its Q2 results with strong growth. Its USDC in circulation soared 90% year-over-year to $61.3 billion by the quarter’s end and climbed even higher to $65.2 billion by August 10, 2025. The total revenue and reserve income also jumped 53% year-over-year, reaching $658 million.

It also reported a net loss of $482 million, mainly due to $591 million in non-cash expenses related to its June IPO.

Jeremy Allaire, Circle’s CEO, praised the company’s strong Q2 growth and successful IPO, calling it a key milestone for both Circle and the wider stablecoin industry.

Circle’s Major Milestones and Partnerships Boost Growth

Circle achieved major milestones this year.

It completed a successful $1.2 billion IPO and, in May, launched its Payments Network, a cutting-edge platform that enables over 100 financial institutions to use stablecoins for payments.

In July, Circle launched Gateway on testnet, enabling instant USDC access across blockchains, with no bridging or moving funds needed. It is also expanding with new partnerships across digital assets, banking, payments, and capital markets, including big names like Binance, Corpay, FIS, Fiserv, and OKX.

The stablecoin market is growing fast, especially after President Trump signed the GENIUS Act into law. The new law sets clear federal rules for payment stablecoins in the U.S., giving the industry a big boost. 

The total stablecoin market is currently over $282 billion.

The post Circle To Launch New Layer-1 Blockchain for Stablecoin Payments appeared first on Coinpedia Fintech News
Circle, a publicly listed U.S. company known for its USDC stablecoin, has revealed plans to launch a new layer-1 blockchain later this year. Circle’s New Blockchain for Stablecoin Payments In a latest press release, Circle announced Arc, a new Layer-1 blockchain, designed to provide an “enterprise-grade foundation” for stablecoin payments, foreign exchange, and capital markets …

The post Chainlink Breakout Signals Potential 60% Price Jump—Will it Reach $50 By the End of Q3, 2025? appeared first on Coinpedia Fintech News

Chainlink (LINK) is gaining strong momentum today, fueled by a breakout above key resistance levels and a broader crypto market rally. The price has cleared a long-term descending trendline, opening the path toward higher targets. On-chain reserve accumulation is reducing circulating supply, strengthening the bullish outlook. Institutional developments, such as Chainlink’s partnership with Intercontinental Exchange (ICE), are boosting long-term utility. With $22.5 now in focus, the big question is, can the LINK price reach its next major target at $50, and if so, when will it happen?

Why is Chainlink Price Rising Today?

Chainlink (LINK) price is moving higher today, supported by a blend of technical breakouts, supply dynamics, and positive market sentiment. The broader cryptocurrency rally is providing a favourable backdrop, with Bitcoin and Ethereum’s strength lifting major altcoins. LINK has recently broken above important resistance levels, signaling renewed bullish momentum. On-chain developments, including strategic reserve accumulation, are tightening the circulating supply, which can create upward price pressure. 

Institutional adoption is also playing a major role, with Chainlink’s recent partnership with Intercontinental Exchange (ICE) bringing high-quality financial data on-chain—a move that enhances its real-world utility and positions it as a critical player in blockchain infrastructure. Growing integration across DeFi platforms continues to expand LINK’s demand base. Together, these factors—strong market sentiment, reduced supply, institutional-grade partnerships, and expanding ecosystem adoption—are driving today’s positive price action and could pave the way for further gains if momentum continues to build.

LINK Price Analysis: Will it Reach $50?

• LINK price is trading within a long-term upward channel, currently approaching the upper midline, suggesting strong bullish momentum with room toward $26.46 and potentially higher.

• The recent weekly close above $21.68 has confirmed a breakout from the consolidation zone, turning previous resistance into support.

• The breakout from the double-bottom or the w-shaped pattern has also validated a rise above the bearish influence

• Price action has moved firmly above the midline of the Gaussian channel, showing a shift from neutral to bullish territory, which often precedes extended upside moves.

• The parallel channel’s upper boundary currently aligns near the $35–$36 range, acting as the long-term bullish target if momentum continues, while the lower boundary offers strong dynamic support on any corrections.

Based on the current ascending channel and breakout structure in your chart, here’s a price projection for Chainlink (LINK)

What’s Next for the Chainlink (LINK) Price Rally?

Chainlink’s upcoming network upgrades, including enhanced Data Streams integration and expanded cross-chain interoperability, are set to boost its role in DeFi, real-world asset tokenization, and institutional adoption. These developments aim to increase transaction efficiency, security, and scalability, attracting more developers and enterprise clients to the network. 

As adoption grows, demand for LINK tokens used in staking and service payments is likely to rise, tightening supply and supporting price growth. Combined with current bullish momentum, these upgrades could propel LINK toward $26.46 in the short term, $31–$32 in the medium term, and potentially $35–$36 over the longer horizon.

The post Chainlink Breakout Signals Potential 60% Price Jump—Will it Reach $50 By the End of Q3, 2025? appeared first on Coinpedia Fintech News
Chainlink (LINK) is gaining strong momentum today, fueled by a breakout above key resistance levels and a broader crypto market rally. The price has cleared a long-term descending trendline, opening the path toward higher targets. On-chain reserve accumulation is reducing circulating supply, strengthening the bullish outlook. Institutional developments, such as Chainlink’s partnership with Intercontinental Exchange …

The post Ethereum Price Aims for $5k Next As BitMine Unveils $24B Deal to Buy More ETH appeared first on Coinpedia Fintech News

Ethereum (ETH) price has surged faster than most traders thought. The large-cap altcoin, with a fully diluted valuation of about $542 billion, edged over 4.4 percent higher in the past 24 hours to reach a multi-year high of about $4,500 for the first time since December 2021.

The notable ETH price bullish breakout on Tuesday resulted in the liquidation of over $157 million, with short traders accounting for $102 million. As a result, the ongoing short-squeeze has fueled the odds of Ether price hitting its all-time high (ATH) before the end of August.

Ethereum Records Massive Cash Inflows from Institutional Investors 

As Coinpedia reported, the Ethereum network has recorded a massive cash inflow in the last few weeks. For instance, the U.S. spot Ether ETFs a whooping $1.02 billion in net cash inflow on Monday, led by BlackRock’s ETHA and Fidelity’s FBTC. 

The companies implementing Ethereum treasuries have surged significantly in the past few weeks. For example, BitMine increased its at-the-market equity program by $20B to around $24 billion to purchase more Ether. 

SharpLink Gaming purchased 5,226 Ether on Tuesday, thus increasing its net holdings to 604,026 ETH, valued at over $2.6 billion. Meanwhile, a newly created wallet withdrew 23,365 ETH from Kraken, worth about $104 million.

Has the Altseason Started or is it Just ETH Season?

With Ether price less than 10 percent from its all-time high, a resurgence of speculative FOMO traders has increased the odds of an altseason. Moreover, Bitcoin price has stagnated below a crucial resistance level around $120k, and large-cap altcoins – including Chainlink (LINK), Dogecoin (DOGE), and Solana (SOL) – have signaled a midterm bullish sentiment.

However, crypto analyst Benjamin Cowen has indicated that the current bullish outlook is merely an Ether season, not an altseason. Nonetheless, the anticipated Fed rate cut in September will likely trigger a wider crypto bull rally.

The post Ethereum Price Aims for $5k Next As BitMine Unveils $24B Deal to Buy More ETH appeared first on Coinpedia Fintech News
Ethereum (ETH) price has surged faster than most traders thought. The large-cap altcoin, with a fully diluted valuation of about $542 billion, edged over 4.4 percent higher in the past 24 hours to reach a multi-year high of about $4,500 for the first time since December 2021. The notable ETH price bullish breakout on Tuesday …

The post Cardano Eyes Golden Cross Breakout—Can ADA Surge to $1.20 Next? appeared first on Coinpedia Fintech News

Cardano is gaining bullish momentum as the market builds, signalling the potential for a decisive upside move. Price action is steadily pressing toward a critical resistance zone, with buyers showing renewed strength. A sustained push from current levels could pave the way for the ADA price to test the $1.20 mark, a threshold that may trigger heightened interest and fuel further gains. With sentiment improving and volatility on the rise, ADA’s short-term trajectory appears primed for a continuation toward higher valuation levels.

The ADA price is coiling up, making less noise, which has helped the token to break out of the prolonged bearish trend. With this, the price is consolidating just below the $0.8 to $0.85 resistance and the trendline; a confirmed breakout could trigger a move toward $1.50. The question now arises: Is this breakout on the horizon? 

Traders Turn Optimistic on Cardano 

The on-chain readings suggest the traders are turning optimistic as the open interest has marked a new ATH. 

The Open Interest has seen a sudden rise since the November 2024 breakout and has been scaling high, and has almost reached $1.80 billion. The rising open interest indicates growing bullish sentiment among the traders, which could be a bullish signal for the ADA price. 

Will ADA Price Rise above $1 This Week? 

The Cardano price appears to have completed the correction after a breakout, suggesting a bullish wave is about to begin. 

The above chart shows the ADA price broke out from the descending parallel channel, and after a small correction, the price has triggered a rebound. Interestingly, this rebound has turned the indicators bullish, hinting towards a potential breakout. The 50/200-day MAs are heading for a bullish crossover, called the Golden Cross, that previously resulted in a 120% rise. On the other hand, the MACD has also displayed a similar crossover, which suggests buying pressure is about to coil up. 

Considering the previous chart patterns and the current market conditions, Cardano (ADA) price is primed for a breakout above $0.9 at any time from now. However, securing $0.92 could pave the way for a larger breakout above $1 and reach $1.12

The post Cardano Eyes Golden Cross Breakout—Can ADA Surge to $1.20 Next? appeared first on Coinpedia Fintech News
Cardano is gaining bullish momentum as the market builds, signalling the potential for a decisive upside move. Price action is steadily pressing toward a critical resistance zone, with buyers showing renewed strength. A sustained push from current levels could pave the way for the ADA price to test the $1.20 mark, a threshold that may …