Ethereum (ETH) price may soon surge to $3,500, in a rally driven by Solana’s underperformance. One crypto analyst observed that capital is flowing back to Ethereum amid a surge in net flows and stablecoin supply. Another noted that Ethereum price is about to make a bullish breakout from consolidation. As the market sentiment flips bullish and Solana underperforms, is the $3,500 price in sight? ETH value today trades at $2,675 with a 1.4% decline in 24 hours. Trading volumes stood at $18 billion, down 14% in 24 hours. 2 Bullish Signals Support Ethereum Price Rally to $3,500 Analysts on X forecast that despite Ethereum price being stuck within a consolidation range between $2,400 and $2,700 in the last seven days, bullish signs are aligning that may ignite the next bullish leg to $3,500. These signals include: Surging netflows from Solana to Ethereum Incoming triangle breakout Surging Netflows from Solana to… Read More at Coingape.com
Yesterday, El Salvador’s National Commission of Digital Assets (CNAD) met with staff members from the SEC’s Crypto Task Force. They sketched out plans for a cross-border “regulatory sandbox” for crypto.
This plan involves two pilot programs, each costing less than $10,000, where a US-based broker would partner with a Salvadoran tokenization firm. The plan is tailored to give data on the Task Force’s top regulatory priorities.
Will El Salvador Partner with The SEC?
The SEC’s meeting with CNAD discussed plans for El Salvador, as recorded in a log on the Commission’s site. In the meeting, the parties explicitly discussed priorities in line with Commissioner Hester Peirce’s initial statement announcing the Crypto Task Force.
Of four stated goals, the notion of a “cross-border sandbox” was listed first.
“This initiative offers the SEC Crypto Task Force a live, real-world case study to evaluate streamlined regulatory approaches for digital assets—an opportunity to observe and refine frameworks that could enhance US market innovation. A key lesson from El Salvador’s experience is the transformative potential of tokenization, particularly in real estate,” it claimed.
This sandbox will take the form of a pilot program with two scenarios, each costing $10,000 or less.
In Scenario 1, a US-based real estate broker will partner with a Salvadoran tokenization firm. They will enable investors to purchase tokenized shares of a piece of property.
Scenario 2 tests these firms’ ability to raise capital by selling tokenized shares, using this capital to actually launch a project. It doesn’t specify the project in question, but this scenario doesn’t mention real estate in any capacity.
Both these endeavors will give the SEC valuable data on joint business ventures in El Salvador.
Representatives from El Salvador and the SEC were joined by Erica Perkin, a lawyer specializing in digital asset consulting, and Heather Shemilt, a former partner at Goldman Sachs.
According to the document, participants discussed these proposals, but it doesn’t seem like they actually reached a binding agreement.
The Task Force only sent some of its staff to this meeting, no Commissioners were actually present. Still, this partnership with El Salvador could give the SEC a lot of useful insights.
This plan offers a low-cost way to gather hard data on half of the Task Force’s highest priorities, which seems like a valuable opportunity.
In a bold and controversial move, blockchain intelligence firm Arkham has revealed Bitcoin wallet addresses it claims belong to Strategy (formerly, MicroStrategy). The software company known for holding the largest amount of Bitcoin. In a post on X, Arkham stated that it had identified an additional 70,816 BTC tied to Strategy’s wallets. Arkham Reveals 87.5% of Strategy’s Bitcoin Stash, Sparking Privacy Debate According to Arkham, this newly identified amount represents 87.5% of MicroStrategy’s total Bitcoin holdings. This includes funds stored with Fidelity Digital’s omnibus custody service. Before, the addresses were never documented as belonging to MicroStrategy, but Arkham claims it made the connection first. The development might have a big influence on Bitcoin’s level of transparency and privacy issues in crypto. All Bitcoin transactions are recorded on a public ledger. It’s now possible to trace ownership, even for large institutions that try to keep their activity under wraps. Source: X… Read More at Coingape.com
According to Bo Hines, the executive director of the Presidential Council of Advisers on Digital Assets, the Trump administration could consider using tariff revenues to build a national Bitcoin reserve.
It marks a notable shift, given recent indications that revenue generated from gold sales would help fund the Bitcoin reserve.
Trump Tariff Revenues To Fund US Bitcoin Reserve
Bo Hines explained the possibility during recent interviews. He cited the need for the US to act swiftly amid global competition for Bitcoin accumulation.
Speaking to Thinking Crypto on Tuesday, Hines emphasized that the US must compete globally in Bitcoin. He highlighted the creation of a Strategic Bitcoin Reserve (SBR) through budget-neutral means. This, he said, includes novel funding mechanisms such as tariff revenues.
“SBR recognizes the value of what Bitcoin is and how it can be harnessed for the American people. There is a finite number of Bitcoin and I think there will end up being a race to accumulate,” Hines stated.
He reiterated this in an interview with Anthony Pompliano, the founder and CEO of Professional Capital Management. Bo Hines discussed the re-evaluation of tariffs, Bitcoin, and gold during the discussion. He labeled them as key components of the administration’s macroeconomic strategy.
“The strategic reserve is just the beginning. We’re thinking long-term about what assets can empower the American people and insulate us from global shocks,” Hines told Pompliano.
This plan is different from whatRepublican Senator Cynthia Lummis of Wyoming proposed. BeInCrypto reported that she introduced legislation to increase the government’s Bitcoin holdings by selling a portion of the Federal Reserve’s gold.
“We will convert excess reserves at our 12 Federal Reserve banks into bitcoin over five years. We have the money now,” said Senator Lummis back in July at the Bitcoin 2024 Conference.
The notion of using tariff revenue to buy Bitcoin is novel. However, such a move could redefine the role of digital assets in the US economic strategy. It reflects a broader ideological pivot, treating digital assets as more than speculative instruments but as national economic tools.
Crypto advocates responded enthusiastically. Influencer Crypto Rover called the tariff-based Bitcoin acquisition plan “mega bullish,” reflecting wider market sentiment.
Meanwhile, others warn that Trump’s aggressive tariff stance could undermine US Bitcoin mining dominance. Hardware costs and international trade barriers could harm domestic miners, especially if Chinese-made mining equipment is further taxed or restricted.
Despite these complexities, the administration appears undeterred. Hines also hinted at integrating stablecoin legislation and blockchain technology within banking infrastructure. He said this would bolster law enforcement capabilities in crypto and signal a multi-pronged strategy.
As inflation pressures mount and trade tensions with China escalate, speculation is that a more crypto-friendly Fed chair could align monetary policy with the administration’s digital asset goals.
With geopolitical tensions rising and central banks racing to define their digital currency strategies, the US appears to be moving toward a more assertive position.
