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Treasury Secretary Scott Bessent has suggested that the Federal Reserve should consider a larger fee rate cut at its September meeting. Bessent Links Soft Inflation Data to Bigger Fee Rate Cut in September According to a Bloomberg report, Bessent said the central bank ought to be open to a 50 basis-point fee rate cut after
The post Fed Should Consider 50 BPS September Rate Cut, Scott Bessent Says 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.
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 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 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.
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.
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 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?
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.
Based on the current ascending channel and breakout structure in your chart, here’s a price projection for Chainlink (LINK)
| Minimum Price | Average Price | Maximum Price | |
| Short Term (2 to 4 Weeks) | $21.7 to $22 | $23 to $25 | $26 to $28 |
| Midterm (1 to 3 Months) | $24.5 to $26 | $28 to $34 | $32 to $38 |
| Long Term (6 to 12 Months) | $28 to $32 | $35 to $36 | $48 to $50 |
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.
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.
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?
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.
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 …
Cathie Wood’s Ark Invest has increased its exposure to Block Inc., purchasing $19.2 million worth of shares across three of its exchange-traded funds as the fintech firm expands its Bitcoin holdings.
According to Ark’s latest trading disclosure, the ARK Innovation ETF (ARKK) acquired 152,980 shares, the ARK Next Generation Internet ETF (ARKW) bought 69,526 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 39,957 shares on Monday. In total, Ark added 262,463 Block shares.
Block’s stock closed down 0.49% at $73.03 on Monday, marking its lowest finish since July 18. The share price has fallen 4% over the past week but remains up 12% over the past month.
The investment from Ark comes as Jack Dorsey’s Block advances its corporate Bitcoin strategy, a move increasingly mirrored by other major companies in what industry observers call the “Saylorization” trend. SEC filings show that Block purchased an additional 108 BTC in the second quarter, valued at approximately $12.58 million at current prices.
Following the acquisition, Block now holds 8,692 BTC — worth over $1 billion — making it the 13th largest public company by Bitcoin holdings, according to Bitcoin Treasuries data. The company retains Bitcoin both as a long-term investment and to facilitate customer transactions through its Cash App platform.
Bitcoin advocate Max Keiser recently told BeInCrypto that corporations must follow MicroStrategy’s lead in accumulating BTC.
“For corporations to survive, they must mimic the Strategy’s process, they must ‘Saylorize’ or die,” Keiser said, adding that widespread adoption could push Bitcoin to $2.2 million per coin.
Block’s Bitcoin integration spans multiple subsidiaries. Cash App recorded $10 billion in Bitcoin revenue in 2024 and incorporates Lightning Network payments, while Square enables U.S. merchants to accept BTC. Bitkey, another Block unit, offers self-custody hardware wallets aimed at everyday users.
Ark’s latest purchase coincides with strong second-quarter results from Block. The company reported $6.05 billion in total revenue for the quarter, with gross profit rising 14% year-on-year to $2.54 billion. Bitcoin-related activity through Cash App contributed significantly to these gains.
Net income attributable to common stockholders jumped to $538.46 million, up from $195.27 million in the same quarter last year. The results exceeded Wall Street expectations, prompting Block to raise its full-year gross profit forecast to $10.17 billion from its earlier $9.96 billion guidance.
Bloomberg reported that steady payment processing volumes through Square’s merchant network and growth in Cash App’s lending products were key drivers behind the earnings beat. The combination of expanding fintech services and an aggressive Bitcoin accumulation strategy has reinforced investor confidence.
However, the company recorded a $212.17 million revaluation loss on its Bitcoin holdings due to a decline in the cryptocurrency’s fair market value. Analysts say this reflects the accounting impact of Bitcoin’s volatility, not necessarily a change in Block’s long-term strategy.
On Tuesday, Block’s shares traded mostly in the $73~$75 range, like it did on Friday and Monday, closing at $74.39, 1.86% up from the previous day. Ark Invest’s latest move signals its conviction in both Block’s fintech ecosystem and Bitcoin’s long-term value proposition. Wood has been a consistent advocate for disruptive innovation plays, and Block’s combined growth in digital payments and crypto adoption fits squarely into that strategy.
The post Ark Invest Boosts Block Inc. Stake Amid Bitcoin Accumulation appeared first on BeInCrypto.
Bitcoin Cash has defied the broader crypto market downturn of the past 24 hours to record a modest 3% gain.
The move marks a continuation of BCH’s recent rally, which began on August 3. Trading at $590.30 at press time, the altcoin’s price has since soared 14% and is poised to keep increasing.
An assessment of BCH’s liquidation heatmap has revealed a concentration of liquidity at the $603 price zone.
A liquidation heatmap tracks clusters of leveraged positions in the market and highlights where large amounts of open interest could be triggered into buying or selling if the price reaches those levels. These areas of high liquidity are often color-coded to show intensity, with brighter zones representing larger liquidation potential.
When liquidity is concentrated above an asset’s current price, it indicates a potential “magnet” effect, where traders push the price upward to trigger liquidations and unlock that liquidity.
For BCH, the $603 zone could act as such a target, fueling further upside if bullish momentum persists.
Further, BCH’s climbing Relative Strength Index (RSI), which stands at 59.54 at press time, confirms this bullish outlook.
The RSI measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and could be due for a price correction, while values under 30 indicate that the asset is oversold and may be primed for a rebound.
At 59.54 and rising, BCH’s RSI reflects strengthening bullish momentum. If it remains below the overbought threshold of 70, a sustained RSI uptrend with improving market sentiment would allow BCH’s price to see further upside.
Sustained buy-side pressure could push BCH’s price above the psychological $600 mark. If the altcoin establishes strong support near this price level, it could extend its rally toward $602.20.
However, if profit-taking resumes, BCH eyes a decline to $556.40.
The post BCH Price Holds Steady During Market Slide — What Next for Bitcoin Cash? appeared first on BeInCrypto.
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
Kazakhstan debuts Central Asia’s first Bitcoin ETF while Vietnam partners with Korea’s Upbit for crypto exchange development. Meanwhile, Japan’s Quantum Solutions expands Bitcoin treasury holdings, signaling growing institutional adoption across the region.
Fonte Capital launched BETF, Central Asia’s inaugural spot Bitcoin exchange-traded fund, on Astana International Exchange. The physically-backed ETF provides regulated cryptocurrency exposure through BitGo custody services with $250 million insurance coverage.
Kazakhstan capitalizes on its position as a major Bitcoin mining hub following China’s 2021 ban. The dollar-priced fund offers institutional and retail investors direct Bitcoin access without managing private keys. BETF represents Kazakhstan’s strategy to diversify its financial sector and attract foreign capital through progressive digital asset regulations.
Dunamu, operator of Korea’s top cryptocurrency exchange Upbit, signed an MOU with Vietnam’s Military Bank to establish a Vietnamese crypto trading platform. High-level Vietnamese officials, including Defense Minister Phan Van Giang and Finance Minister Nguyen Van Thang, visited Upbit’s Seoul headquarters to inspect trading systems and security infrastructure.
Military Bank, Vietnam’s fourth-largest bank with 30 million customers, will leverage Upbit’s technology and regulatory expertise. The partnership addresses Vietnam’s growing crypto market of 20 million holders generating $800 billion annual trading volume, supporting the nation’s digital financial transformation initiatives.
Quantum Solutions (TSE: 2338), a Tokyo-listed technology company, announced its Hong Kong subsidiary completed additional Bitcoin acquisitions totaling 8.96 BTC worth $1.034 million. The firm specializes in AI technology, next-generation data center infrastructure, and Web3 applications development.
Led by CEO Francis Bing Rong Zhou, Quantum Solutions operates as an innovative holdings platform bridging capital and technology across Asia. The company implements daily Bitcoin acquisition reviews as part of its comprehensive digital asset reserve strategy, positioning itself as a pioneer in cryptocurrency financial services while maintaining strict compliance standards.
Ethereum Exchange Reserves Sink—Is All-Time High Imminent? One of the most important indicators to watch during a strong uptrend is exchange reserves, the total amount of ETH held on centralized exchanges. When reserves are high, there’s more potential selling pressure. When they’re low, supply is tight, and any surge in demand can push prices up quickly.
Near Protocol Flips Solana: Why NEAR Token May Be Undervalued: Near Protocol (NEAR) has surged past Solana in daily active users, with the milestone putting the Layer-1 (L1) blockchain in the spotlight.
Ethereum Whales and Public Companies Are Buying Big: Data shows that many public companies and crypto whales are ramping up their ETH holdings, while on-chain activity is heating up. These factors provide a solid foundation for ETH’s bullish momentum, with analysts setting short-term price targets as high as $7,000.
Do Kwon Might Receive a 12 Year Prison Sentence After Guilty Plea: The presiding Judge, Paul Engelmayer, emphasized that Kwon must pay $19 million in penalties and accept culpability for Terraform’s criminal activities.
Bitcoin Helps a Fast Food Chain Overthrow McDonald’s and Domino’s: Steak ‘n Shake had a large increase in sales last quarter, and the company credits Bitcoin for its success. The firm began accepting BTC payments in stores across several countries, and it’s interested in more upgrades.
The post Kazakhstan Launches Bitcoin ETF, Vietnam Leaders Visit Upbit, and More appeared first on BeInCrypto.
Pantera Capital disclosed for the first time that it has so far invested $300 million in digital asset treasury companies (DATs), according to its Blockchain Letter published August 12.
Pantera’s DAT portfolio includes investments in BitMine Immersion, Twenty One Capital, DeFi Development Corp, SharpLink Gaming, Satsuma Technology, Verb Technology Company, CEA Industries, and Mill City Ventures III.
The companies hold major cryptocurrencies including Bitcoin, Ethereum, Solana, BNB, TON, Hyperliquid, Sui, and Ethena, with operations spanning the U.S., U.K., and Israel.
Pantera argues that DAT investments deliver superior risk-adjusted returns compared to holding cryptocurrencies directly.
“DATs can generate yield that compounds net asset value per share, leading to accretive token exposure over time versus simply holding spot,” Pantera stated.
BitMine Immersion, Pantera’s first DAT investment and flagship example, is chaired by Fundstrat’s Tom Lee. The company targets controlling 5% of Ethereum’s total supply.
Since adopting its treasury strategy, BitMine has become the largest ETH treasury holder and third-largest DAT globally, holding 1.15 million ETH valued at $4.9 billion as of August 10. BitMine ranks as the 25th most liquid U.S. stock, averaging $2.2 billion in daily trading volume.
So just how effective has @BitMNR been at creating value for shareholders?
So far: extremely@cosmo_jiang breaks down what’s driving the surge in BMNR price – which, surprisingly, has been driven less by ETH’s rally than most would expect: https://t.co/3wRzxqknBl
Thread
— Pantera Capital (@PanteraCapital) August 12, 2025
Pantera compares DAT valuations to traditional banks, arguing that premium valuations are justified when investors trust a company’s ability to grow net asset value sustainably.
“The highest quality banks trade at a premium to NAV (or book value), such as JPM at >2x,” Pantera explained. “Similarly, investors may choose to value a DAT at a premium to NAV if they believe it can sustainably grow NAV per share.”
The post Pantera Invests $300 Million in Crypto Treasury Firms appeared first on BeInCrypto.
