12 Aug 2025, 05:28

BONK dips 11% despite getting corporate treasury boost: check forecast

The cryptocurrency market had an excellent weekend but begins the new week bearish. After breaking above $122k on Sunday, Bitcoin has now dropped below $119k after losing 2.3% of its value in the last 24 hours. Altcoins are also in the red, with memecoins recording huge losses due to their volatile price actions. BONK, the native token of the Bonk ecosystem, is the worst performer among the top 50 cryptocurrencies by market cap. It is down 12% in the last 24 hours and could dip further if the bearish trend continues. BONK gets a $25m corporate treasury boost BONK’s poor performance comes despite the ecosystem getting a corporate treasury boost. Nasdaq-listed Safety Shot (SHOT) announced on Monday that it has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. This latest development means that Safety Shot will receive $25 million worth of BONK for its treasury, aligning the public company directly with the platform’s growth. Furthermore, the Nasdaq-listed company revealed that it will issue preferred shares convertible into common stock and reinvest about 90% of its BONK.fun revenue into BONK token purchases. CEO Jarrett Boon pointed out that this latest development isn’t only about purchasing cryptos but acquiring a stake in “a highly profitable engine” within digital assets. Bonk’s launchpad, Bonk.fun, generated over $35 million in user fees in July, surpassing rival Pump.fun to become the highest-earning memecoin launchpad last month. Currently, Bonk.fun accounts for more than 80% of Solana’s daily new token launch market share. At its peak, the launchpad records over 20,000 tokens deployment, with daily volume surpassing $100 million. However, the corporate treasury boost didn’t result in the BONK’s price soaring higher as the broader crypto market recorded massive sell-off in the last 24 hours. BONK could bounce back $0.000030 despite bearish conditions The BONK/USD 4-hour chart is bullish and efficient despite the heavy selloff in the last 24 hours. The bullish chart suggests that there is no major break of structure to the downside and that buyers are still in control despite the ongoing correction. However, the technical indicators are getting weak, indicating that the bullish bias might change soon if the current trend continues. The MACD lines are crossing into the negative territory, indicating a pending bearish bias. Furthermore, the RSI has dropped to the neutral 50, suggesting that buyers are losing control of the market. If the bearish trend continues, BONK could drop below the TLQ and major support level at $0.00002358 in the coming hours. An extended bearish run would see BONK fall below $0.000020 for the first time this month. However, the market could bounce back on positive CPI inflation report later today. If that happens, BONK could quickly reclaim the first major resistance level at $0.02880. It could extend its rally towards $0.00003280 if the market pumps harder. The post BONK dips 11% despite getting corporate treasury boost: check forecast appeared first on Invezz

12 Aug 2025, 05:26

Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms

Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance’s BNB (BNB) added 1.2% to $800. Lido’s staked ether mirrored ETH’s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko. This week’s rally has flipped the usual dynamic, with altcoin strength dragging BTC higher instead of the other way around. “This is one of the few times when a rally in major altcoins has inspired BTC to break through,” said Alex Kuptsikevich, chief market analyst at FxPro. He noted BTC has already cleared the $120,000 technical barrier, with “the bull’s nearest target now looking to be the $135,000–$138,000 area.” ETH’s outperformance has been bolstered by pro-crypto U.S. legislation and heavy ETF inflows. “Ethereum has gained over 21% in seven days and 45% in the last 30 days,” Kuptsikevich said, adding that the token’s on-chain activity and address growth are nearing historical highs. “We would not be surprised to see its $4,800 peak updated in the coming days.” Macro correlations remain tight with the S&P 500 and Nasdaq are trading near records, shrugging off fresh U.S. tariffs and political drama. The consensus for today’s CPI is a 10-basis-point uptick to 2.8% annual inflation. QCP Capital said in a client note that a softer reading “would likely lock in September rate cut expectations” — now near 100% odds after dovish Fed commentary — while a hotter print could stall the rally. Derivatives flows show traders hedging CPI event risk, with front-end BTC puts in the $115,000 – $118,000 range seeing heavier demand, QCP said, even as short-call covering adds fuel to the upside. BTC ETF inflows and institutional positioning will be critical in determining whether resistance at $122,000 – $124,000 breaks before the week’s end, the firm ended. Read more: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs

12 Aug 2025, 05:25

Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives

BitcoinWorld Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives A fascinating development recently emerged from the heart of Malaysia, sparking significant discussion in the financial world. The Malaysian Central Bank , officially known as Bank Negara Malaysia (BNM), published a working paper that delves into the intriguing possibility of cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) serving as future monetary alternatives . This isn’t just a casual observation; it suggests these digital assets could potentially replace traditional currency in circulation or bank deposits, becoming widespread payment methods outside the conventional banking system. This exploration by the Malaysian Central Bank signals a growing acknowledgment of digital currency ‘s evolving role in global finance. What Did the Malaysian Central Bank Paper Reveal? The working paper, a significant document from the Malaysian Central Bank , explored various scenarios where cryptocurrencies might fit into the nation’s financial landscape. It specifically highlighted Bitcoin and XRP as examples of digital assets with the potential to act as substitutes for existing money forms. The paper considered cryptocurrencies as potential replacements for traditional currency in circulation (CIC). It also looked at their capacity to serve as alternatives to bank deposits. Crucially, the study envisioned these digital assets becoming widespread payment methods, operating independently of the established banking infrastructure. This detailed analysis from a central bank is a powerful indicator of the shifting perspectives on cryptocurrency adoption . Why Are Bitcoin and XRP Being Considered as Monetary Alternatives? The paper’s focus on Bitcoin XRP is particularly noteworthy. Both assets possess unique characteristics that make them intriguing candidates for future payment systems. Bitcoin, known for its decentralization and robust network, offers a censorship-resistant form of value transfer. XRP, on the other hand, is celebrated for its speed and low transaction costs, making it appealing for cross-border payments. The discussion revolves around their ability to facilitate transactions efficiently and offer a degree of independence from traditional financial intermediaries. As the world becomes increasingly digital, the appeal of a streamlined digital currency for everyday transactions grows stronger. Challenges and Opportunities for Cryptocurrency Adoption While the prospect of cryptocurrencies as monetary alternatives is exciting, the Malaysian Central Bank ‘s paper also implicitly acknowledges the challenges. Regulatory frameworks, consumer protection, price volatility, and scalability are all crucial considerations that need addressing before widespread cryptocurrency adoption can occur. However, these challenges also present opportunities for innovation and collaboration between traditional finance and the crypto sector. Key Considerations: Regulatory Clarity: Clear rules are essential for mainstream integration. Consumer Protection: Safeguarding users from risks like fraud and loss. Price Stability: Addressing volatility to ensure cryptocurrencies can function as a reliable store of value. Technological Infrastructure: Building robust systems to handle high transaction volumes. Overcoming these hurdles will pave the way for a more integrated and efficient financial future. What Does This Mean for the Monetary Future? The fact that a major institution like the Malaysian Central Bank is openly discussing Bitcoin XRP and other digital assets as potential replacements for traditional money is a significant paradigm shift. It indicates that central banks worldwide are seriously evaluating how digital innovations will reshape the financial landscape. This isn’t about replacing fiat currency overnight, but rather acknowledging the growing demand for and potential of decentralized and digital forms of money. This exploration by the Malaysian Central Bank could inspire other nations to conduct similar studies, accelerating the global conversation around digital currency and its role in our collective monetary future . The financial world is undoubtedly on the cusp of profound transformation. The working paper from the Malaysian Central Bank represents a pivotal moment in the ongoing narrative of cryptocurrencies. By openly considering Bitcoin and XRP as viable monetary alternatives , Malaysia has signaled a forward-thinking approach to the evolving financial landscape. While significant challenges remain, this official acknowledgment underscores the irreversible trend towards cryptocurrency adoption and the increasing prominence of digital currency in our lives. The journey towards a more digitally integrated financial system is underway, and nations like Malaysia are at the forefront of this exciting exploration. Frequently Asked Questions (FAQs) Q1: What exactly did the Malaysian Central Bank’s paper say about Bitcoin and XRP? The working paper from the Malaysian Central Bank (BNM) stated that cryptocurrencies like Bitcoin (BTC) and Ripple (XRP) could potentially serve as widespread payment methods, replacing traditional currency in circulation or bank deposits outside the conventional banking system. Q2: Does this mean Malaysia will adopt Bitcoin and XRP as official currencies soon? Not necessarily. The paper is a working document exploring potential scenarios and implications. It indicates that the Malaysian Central Bank is studying the feasibility and impact of such a shift, but it does not confirm immediate plans for adoption as official currencies. Q3: What are the main benefits of using cryptocurrencies as monetary alternatives? Benefits include potentially lower transaction costs, faster cross-border payments, increased financial inclusion for the unbanked, and greater efficiency compared to traditional banking systems, especially for specific cryptocurrencies like Bitcoin XRP. Q4: What challenges does the Malaysian Central Bank likely consider for cryptocurrency adoption? Key challenges include regulatory uncertainty, price volatility of cryptocurrencies, consumer protection issues, cybersecurity risks, and the need for robust technological infrastructure to handle large-scale transactions. These factors are crucial for successful digital currency integration. Q5: How does this development compare to other countries’ approaches to digital currency? Many central banks globally are exploring central bank digital currencies (CBDCs) or researching the implications of private cryptocurrencies. The Malaysian Central Bank’s explicit mention of Bitcoin and XRP as potential monetary alternatives, rather than solely focusing on CBDCs, positions it among the more open-minded institutions regarding existing decentralized digital assets. If you found this article insightful, please consider sharing it with your network! Help us spread awareness about the evolving landscape of cryptocurrency adoption and the future of digital currency by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Malaysian Central Bank’s Bold Revelation: Bitcoin & XRP as Monetary Alternatives first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 05:24

Jeff Bezos’ Company Makes a Move into Cryptocurrency: Even Bezos Can’t Ignore It

NYSE-listed integrated payments company Shift4 Payments announced a partnership with Jeff Bezos' space travel company Blue Origin, allowing customers to purchase space trips with cryptocurrencies and stablecoins such as Bitcoin, Ethereum, Solana, USDT and USDC. Under the new agreement, payments for space flights aboard Blue Origin's reusable New Shepard rocket will be made directly through popular wallets like Coinbase and MetaMask, thanks to Shift4's payment infrastructure. These commercial flights, which have seen more than 75 people cross the Kármán Line into space, will now be available with cryptocurrency payment options. Related News: Everyone Buys Bitcoin and Ethereum: But This Company Has Its Eyes on Another Altcoin - It Made a Hefty Purchase “Our goal has always been to transform commerce. Now we're taking that vision beyond Earth. Together with Blue Origin, we're enabling adventure-seeking travelers to easily plan the trip of a lifetime with the payment method of their choice,” said Shift4 CEO Taylor Lauber. Shift4's Head of Crypto, Alex Wilson, reminded the public that cryptocurrencies have now reached a $4 trillion asset class, saying, “Crypto and stablecoin payments will grow in popularity, especially for high-cost purchases. Both consumers and businesses will benefit financially from these transactions.” *This is not investment advice. Continue Reading: Jeff Bezos’ Company Makes a Move into Cryptocurrency: Even Bezos Can’t Ignore It

12 Aug 2025, 05:18

BNB Price Coiling for Breakout—Next Leg Higher in Sight

BNB price is correcting gains from the $825 zone. The price is now facing hurdles near $815 and might aim for a fresh surge in the near term. BNB price is correcting gains and traded below the $815 support zone. The price is now trading above $800 and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $804 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $792 level to start another increase in the near term. BNB Price Holds Support After a steady increase, BNB price failed to clear the $830 zone. There was a downside correction below the $820 and $815 levels, like Ethereum and Bitcoin . The price even dipped below $800 and tested $792. A low was formed at $792 and the price is now attempting a fresh increase. There was a move above the 50% Fib retracement level of the downward move from the $827 swing high to the $792 low. The price is now trading above $810 and the 100-hourly simple moving average. There is also a key contracting triangle forming with support at $804 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $815 level or the 61.8% Fib retracement level of the downward move from the $827 swing high to the $792 low. The next resistance sits near the $820 level. A clear move above the $820 zone could send the price higher. In the stated case, BNB price could test $832. A close above the $832 resistance might set the pace for a larger move toward the $840 resistance. Any more gains might call for a test of the $850 level in the near term. Another Decline? If BNB fails to clear the $815 resistance, it could start another decline. Initial support on the downside is near the $804 level. The next major support is near the $800 level. The main support sits at $792. If there is a downside break below the $792 support, the price could drop toward the $780 support. Any more losses could initiate a larger decline toward the $768 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $804 and $792. Major Resistance Levels – $815 and $820.

12 Aug 2025, 05:15

Wisconsin Proposes Bitcoin ATM Regulations with KYC and $1,000 Transaction Limit to Combat Fraud

Wisconsin is proposing new regulations for Bitcoin ATMs, including mandatory KYC and a transaction limit of $1,000, aiming to reduce fraud. Mandatory KYC processes for Bitcoin ATM users. Transaction limits