Ripple Labs CEO Brad Garlinghouse is amplifying calls for the XRP community to quit viewing their Bitcoin counterparts as the enemy. Garlinghouse railed against viewing cryptocurrencies as a zero-sum game at the XRP Las Vegas 2025 conference, urging collaboration to take on the global banking industry. Bitcoin Is Not The Enemy, Say Brad Garlinghouse As proceedings at the XRP Las Vegas conference reached their zenith, Brad Garlinghouse took to the stage to advocate for greater industry collaboration. In his panel discussion, Garlinghouse told attendees that Bitcoin is not the enemy, noting that XRP can also thrive amid Bitcoin’s dominance. He adds that cryptocurrencies and technology are not a zero-sum game, citing his previous experience as a Silicon Valley executive for over 24 years. He adds that the end goal for XRP and Bitcoin communities is to grow the pie and take on the global banking system. “The Bitcoin community is… Read More at Coingape.com
Solayer, the web3 infrastructure and DeFi Protocol, rapidly evolving into a crypto fintech brand has announced a major move in its growing portfolio of web3 consumer products. It has officially launched Solayer Travel, a blockchain‑powered hotel‑booking platform that will allow users to book million of leading hotels worldwide in USDC. The platform will allow its Emerald Card
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.
Bitcoin has posted seven consecutive weeks of gains, pushing its price above $100,000. However, new signals suggest this bullish streak might soon end.
Identifying the precise moment of a price reversal is challenging. However, certain signs may indicate rising risks, particularly for investors who have not established strong positions yet.
Two Signs Indicate Profit-Taking May End the 7-Week Rally
The first notable sign is that wallets with large balances have stopped accumulating and have started distributing their coins.
Glassnode data confirms this trend. In May, the accumulation score for wallets holding over 10,000 BTC dropped from around 0.8 to below 0.5. This shift is visually represented by a change in color from blue to orange.
“The group of wallets holding the most BTC has started distributing,” Thuan Capital stated.
Bitcoin Trend Accumulation Score by Cohort. Source: Glassnode
Additionally, wallets between 1 BTC and 10,000 BTC show weaker accumulation behavior, as seen through gradually fading blue tones. Only wallets with less than 1 BTC are showing a clear shift from distribution to strong accumulation, triggered by Bitcoin reaching a new all-time high.
These data points reflect a profit-taking tendency among large investors. At the same time, smaller retail investors appear driven by FOMO (fear of missing out) as they chase short-term opportunities.
Another warning sign comes from Unspent Transaction Outputs (UTXOs). UTXOs are a technical mechanism that ensures each individual BTC can only be spent once on the blockchain. They also provide a way to evaluate unrealized profit across all unspent BTC.
Bitcoin Euphoria Phase at 99% UTXOs in Profit. Source: CryptoQuant
CryptoQuant data shows that when 99% of UTXOs are in profit, it usually signals a market overheating phase. Historically, such phases often precede price corrections. Whether the correction is short- or long-term, this signal still highlights a growing risk for buyers.
“Right now, it’s hard to say we’re in a euphoric phase. The broader macroeconomic context and the uncertainty surrounding the Trump administration’s policy direction make it difficult for investors to flip fully risk-on. When this 99% signal drops, unrealized profits shrink and can trigger more profit-taking and push latecomers to capitulate and sell at a loss,” analyst Darkfost said.
As of now, Bitcoin’s rally has paused around $108,000. There are no clear signs of a correction yet. BeInCrypto reports a strong wave of Bitcoin accumulation among corporations worldwide. Many experts remain optimistic about Bitcoin’s future price.
“A tidal wave of institutional demand is reshaping bitcoin’s market dynamics: Wealth‐management platforms poised to roll out access to bitcoin ETFs, corporate treasuries adding bitcoin to boost shareholder returns, and sovereigns diversifying reserves into bitcoin to hedge geopolitical risk. Together, these forces are creating a structural supply/demand imbalance—and over the next 18 months, bitcoin is set to cement its role as a global store of value,” Juan Leon, Senior Investment Strategist at Bitwise Asset Management, told BeInCrypto.
Therefore, while these short-term indicators could hint at a pullback from current highs, they don’t seem to affect analysts’ broader expectations for this year and next.
