News
12 Aug 2025, 07:17
Ethereum Profit-Taking Rises as $4.3K Level Sparks Short-Term Doubts
Ethereum’s latest rally to the $4,300 range has prompted a fresh wave of profit-taking, led largely by short-term holders. Key Takeaways: Short-term ETH holders are driving most profit-taking, realizing about $553M in gains daily. Overall profit-taking is still 39% below last month’s peak despite the recent rally. ETH trades near $4,283, with $2.23B in positions at risk if prices approach $4,700. Onchain data from Glassnode shows that traders who have held ETH for less than 155 days are realizing gains at a much faster pace than long-term investors, suggesting that some expect a near-term pullback. Glassnode said in an X post on Monday that profit realization, measured by a seven-day simple moving average, is currently around $553 million per day, with short-term holders driving most of the activity. ETH Profit-Taking Still 39% Below Last Month’s Peak Despite Uptick Long-term holders, by contrast, are cashing out at a pace similar to December 2024 levels. Despite the uptick, overall profit-taking remains 39% below the daily peak seen last month, when ETH traded near $3,500. Ether has climbed 43% over the past month and was trading at $4,283 at the time of writing. That leaves it about 12.7% shy of its November 2021 all-time high of $4,828. However, futures market data points to caution — CoinGlass estimates that roughly $2.23 billion in positions could be liquidated if ETH approaches $4,700. The current hesitation comes after several failed breakout attempts earlier this year. In March, ETH fell below $2,000, and subsequent rallies failed to sustain momentum, catching many traders off guard. This backdrop may explain why some market participants are quick to lock in gains. $ETH profit realization (7D SMA) peaked at $771M/day in July, above Dec ‘24 levels, and is now ramping up again at $553M/day. Profits from long-term holders match Dec ‘24 levels, but short-term investors are realizing far more gains, driving the current wave. pic.twitter.com/fsoBOrUTyF — glassnode (@glassnode) August 11, 2025 Not all traders are sitting out. Over the weekend, BitMEX co-founder Arthur Hayes revealed he had bought back into Ethereum just a week after selling $10.5 million worth at $3,507. Ryan Lee, Chief Analyst at Bitget, also claimed that Ethereum’s breakout above $4,300, coupled with gains in XRP, Solana, and Dogecoin, points to early signs of capital rotation away from Bitcoin. “BTC dominance has slipped from 62% to below 58% in recent weeks, and if altcoins maintain consistent outperformance, with the Altcoin Season Index showing 75% of top alts beating BTC over the past 90 days, it could mark the onset of a true altseason,” he said in a note shared with Cryptonews.com. According to Lee, in the short to medium term, Ethereum’s momentum looks bullish, poised to test $5,000 if it holds above $4,200, though a pullback to $3,600 remains possible if its overbought RSI (now 68.8) sparks profit-taking. Santiment’s Brian Quinlivan also noted that public announcements of large institutional purchases can sometimes trigger fear of missing out (FOMO), which paradoxically may stall or even reverse price gains in the near term. Ethereum Investors to Shift Back to Bitcoin as ETH Soars As reported, Bitcoin advocate Samson Mow has suggested that Ethereum’s latest rally could be setting up a reversal , with capital eventually flowing back into Bitcoin. Mow, CEO of Bitcoin adoption firm Jan3, claimed that many long-term ETH holders, particularly early insiders from the ICO era, already own significant amounts of Bitcoin. According to him, these investors are rotating BTC into ETH to “pump it on new narratives” such as the emergence of Ethereum treasury companies. Once prices rise sufficiently, he predicts they will sell their ETH, leaving “new generational bagholders,” and move the profits back into Bitcoin. “No one wants ETH in the long run,” he said. The post Ethereum Profit-Taking Rises as $4.3K Level Sparks Short-Term Doubts appeared first on Cryptonews .
12 Aug 2025, 07:16
SEC Chair’s Recent Statement about Ripple Case Excites XRP Army
Paul Atkins, the Chairman of the Securities and Exchange Commission (SEC), has recently commended the end to the protracted litigation against Ripple in response to the SEC Commissioner Hester Peirce’s tweet on the matter. Peirce had earlier tweeted , describing the development as “welcome for many reasons,” highlighting that it allows attention to move away from litigation and toward the creation of a clear regulatory framework for cryptocurrency. She emphasized that with the case no longer demanding focus, there is an opportunity to advance policy discussions and regulatory clarity in the digital asset space. Peirce’s remarks align with her previously stated position that regulatory certainty is essential for both market participants and investors in the crypto industry. By highlighting the benefits of shifting away from legal disputes, Peirce underscored the importance of regulatory work that can provide clearer guidelines for the sector. Paul Atkins’s Response and Call for Action SEC Chairman Paul Atkins publicly responded to Commissioner Peirce’s statement, agreeing with her assessment of the situation. Atkins wrote, “Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors.” Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto — Paul Atkins (@SECPaulSAtkins) August 11, 2025 Atkins’s response reinforces the view that the conclusion of the Ripple case opens a window for constructive policy development. His reference to the “policy drafting table” suggests an intent to prioritize proactive regulatory design over continued legal confrontations. By stressing both innovation and investor protection, Atkins positioned the SEC’s next steps as a balance between supporting technological progress and safeguarding market integrity. Focus on Regulatory Framework Development Both statements reflect a shared recognition within the SEC that the cryptocurrency industry requires clearer rules and guidelines. While the details of how such a framework will be structured remain to be determined, the emphasis from both Peirce and Atkins indicates that the agency may devote more resources toward policy initiatives in the coming period. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The Ripple case, which has been ongoing for years, has been a focal point in discussions about how securities laws apply to digital assets. With the matter now officially resolved, the SEC’s leadership appears aligned in using this moment to advance a more defined regulatory environment. This shift could involve public consultations, inter-agency collaboration, and dialogue with industry stakeholders to address compliance expectations and market oversight in a rapidly evolving sector. The public agreement between these two SEC officials highlights the possibility of a coordinated regulatory effort in the aftermath of one of the agency’s most high-profile crypto cases. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post SEC Chair’s Recent Statement about Ripple Case Excites XRP Army appeared first on Times Tabloid .
12 Aug 2025, 07:15
Metaplanet Acquires 518 Bitcoin, Boosting Total Holdings to 18,113 BTC Valued at $1.85 Billion
Metaplanet Inc. (Tokyo Stock Exchange: 3350) has announced the acquisition of an additional 518 bitcoin as part of its ongoing Bitcoin Treasury Operations, with an average purchase price of 17,540,861 yen per bitcoin (approximately $118,519), totaling approximately 9.086 billion yen (around $61.4 million). This latest purchase increases the company’s total bitcoin holdings to 18,113 bitcoin,
12 Aug 2025, 07:13
How Bitcoin helped Steak ‘n Shake beat McDonald’s and Domino’s in sales
US fast-food chain Steak ‘n Shake has credited its embrace of Bitcoin for a 10.7% same-store sales increase in the second quarter, outpacing major competitors and bucking broader industry trends. The growth, reported on Friday, was the strongest among America’s top fast-food names in the period, with McDonald’s seeing a 7.1% sales decline and Domino’s posting a 6.1% rise. The company began accepting Bitcoin (BTC) payments on May 16 across its US locations where permitted by law, as well as in France, Monaco, and Spain. The move, aimed at rejuvenating the brand and appealing to younger, tech-savvy consumers, has been credited with drawing cryptocurrency enthusiasts into its stores and improving operational efficiency. Steak ‘n Shake @SteaknShake · Follow In the second quarter of 2025, Steak n Shake’s same-store sales increased by 10.7%.Bitcoin has been a game changer. ⚡️Thank you Bitcoiners 🧡Bitcoin, Burgers & Beyond 🚀 1:58 am · 9 Aug 2025 5.3K Reply Copy link Read 210 replies Bitcoin brings cost savings and customer buzz Dan Edwards, Steak ‘n Shake’s chief operating officer, told attendees at the Bitcoin 2025 conference in May that the decision to accept Bitcoin had reduced payment processing fees by 50%. This cost saving, he noted, benefits both the company and customers, positioning Bitcoin as a “win for everyone involved.” On its opening day for Bitcoin payments, the chain accounted for 0.2% of all global Bitcoin transactions, underscoring strong initial interest from users. The company has since thanked Bitcoin supporters publicly, noting that their engagement has been instrumental in driving recent sales momentum. The rollout has made cryptocurrency payments available to more than 100 million customers across its domestic and international footprint. Edwards said the shift not only improves margins but also reinforces Steak ‘n Shake’s positioning as an innovative brand willing to meet evolving consumer preferences. Steak ‘n Shake US store count declines as it seeks to expand internationally While the Bitcoin initiative has delivered a sales boost, it comes against the backdrop of a significantly smaller store base. According to data from ScrapeHero, Steak ‘n Shake’s US store count has dropped from 628 in 2018 to 397 as of May 28, 2025 — a decline of over 230 locations. Florida remains the company’s largest market, with 79 stores representing around 20% of its total US presence. The company’s international Bitcoin rollout in France, Monaco, and Spain marks an attempt to diversify its reach and stay competitive despite its reduced domestic footprint. Industry implications and competitive edge The company’s outperformance in Q2 compared with other major chains has sparked interest in whether Bitcoin could emerge as a more mainstream payment option in the US fast-food sector. While Bitcoin is still used primarily as an investment in the US, Steak ‘n Shake’s results suggest there may be untapped potential for it as a retail payment method. An X post by Restaurant Business Magazine’s editor-in-chief Jonathan Maze on Friday showed the chain’s growth ranking above that of McDonald’s, Domino’s, and Taco Bell for the quarter. Jonathan Maze @jonathanmaze · Follow U.S. limited-service chain same-store sales from last quarter:McDonald’s 2.5%Starbucks -2%Taco Bell 4%Wendy’s -3.6%Burger King 1.5%Domino’s 3.4%Chipotle -4%Pizza Hut -5%KFC -5%Popeyes -0.9%Jack in the Box -7.1%Del Taco -2.2%Papa Johns 1%Dutch Bros 6.1%Sweetgreen 5:35 pm · 8 Aug 2025 499 Reply Copy link Read 61 replies This performance, paired with its public embrace of cryptocurrency culture, has positioned Steak ‘n Shake as an outlier in the sector. Despite these gains, the company’s future growth will depend on its ability to maintain momentum in a competitive landscape dominated by brands with larger footprints and deeper marketing budgets. The challenge will be to translate short-term buzz from Bitcoin adoption into sustained sales growth. If other fast-food operators follow suit, industry analysts say the impact on customer payment habits could be significant — potentially normalizing the use of digital assets in everyday transactions. For now, Steak ‘n Shake’s experiment with Bitcoin stands out as one of the most prominent examples of cryptocurrency integration in US quick-service dining. The post How Bitcoin helped Steak ‘n Shake beat McDonald’s and Domino’s in sales appeared first on Invezz
12 Aug 2025, 07:12
Ethereum Balances on Centralized Exchanges Hit Lowest Levels Since 2016, Indicating Potential Price Implications
Ethereum balances on centralized exchanges have reached their lowest level since July 2016, decreasing by 6.7% in Q3 2021, suggesting a potential price increase due to reduced supply. Ethereum balances
12 Aug 2025, 07:12
Payment Giant Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm: Report
Payments giant Stripe is developing “Tempo,” a high-performance Layer 1 blockchain focused on payments, in partnership with crypto venture capital firm Paradigm, according to a job posting discovered on the Blockchain Association website. As per Fortune report , the stealth project represents Stripe’s most ambitious crypto initiative yet, building on its recent $1.1 billion acquisition of stablecoin infrastructure firm Bridge and purchase of crypto wallet developer Privy. The job advertisement, dated August 3 and subsequently removed after Fortune’s inquiry, described Tempo as Ethereum-compatible with a five-person team targeting Fortune 500 companies. Paradigm’s Matt Huang, who sits on Stripe’s board, is partnering on the blockchain development as the company builds a comprehensive crypto infrastructure spanning wallets, stablecoins, and now blockchain processing. Strategic Infrastructure Play Completes Crypto Stack Domination Stripe’s blockchain development follows a methodical acquisition strategy that began with Bridge’s stablecoin payment platform and continued with Privy’s wallet infrastructure . The Tempo blockchain would control the server layer processing stablecoin transactions, creating end-to-end crypto payment solutions. The company’s crypto journey started in 2014 as the first major processor supporting Bitcoin transactions. After halting Bitcoin support due to network inefficiencies, Stripe rebuilt its blockchain team in 2021 and accelerated crypto initiatives throughout 2024. Stripe launched stablecoin payments across 70 countries in October 2024, followed by Stablecoin Financial Accounts , enabling companies in 101 countries to hold and transact digital dollars. @Stripe has introduced a new financial tool designed to help businesses manage money using U.S. dollar-backed stablecoins. #Stablecoin #Stripe https://t.co/tyz9ujwsSm — Cryptonews.com (@cryptonews) May 8, 2025 The platform currently supports Circle’s USDC and Bridge’s USDB tokens. Earlier in May, the company partnered with Ramp to launch stablecoin-backed corporate cards addressing cross-border payment delays, high fees, and currency volatility. The cards initially launched in Latin American markets before expanding to Europe, Africa, and Asia. This strategic stablecoin front-running is not a coincidence. Stripe CEO Patrick Collison testified to Congress in March that the company sees “ meaningful business interest in stablecoins as the underlying technology has matured .” The GENIUS Act’s passage in July provided a federal regulatory framework spurring corporate adoption. Corporate Giants Rush Into Regulated Stablecoin Territory The stablecoin sector has exploded to over $250 billion in market capitalization following regulatory clarity from the GENIUS Act. Ripple CEO Brad Garlinghouse has recently projected stablecoin growth to $1-2 trillion within the next few years as corporations embrace digital dollar solutions. In light of this boom, a recent report covered by Cryptonews shows MetaMask is planning to launch “MetaMask USD” through a partnership with Stripe’s payment infrastructure, leveraging its 30 million monthly active users to challenge USDC dominance. @MetaMask plans USD stablecoin launch with Stripe partnership leveraging 30M user base to challenge USDC dominance as governance proposal reveals mmUSD details. #MetaMask #Stablecoin https://t.co/7M5ezSVd6t — Cryptonews.com (@cryptonews) August 6, 2025 The proposal outlines building on the M⁰ network with Stripe, providing regulatory clarity and fiat backing. Similarly, Western Union CEO Devin McGranahan announced pilot programs in South America and Africa to modernize remittance operations through stablecoins. Interactive Brokers founder Thomas Peterffy has also confirmed exploring stablecoin launches for real-time brokerage account funding. Additionally, Remitly launched beta testing for multi-currency digital wallets supporting fiat and stablecoins, with live deployment scheduled for September. The company integrated USDC into treasury operations while adding stablecoin payouts through Bridge infrastructure. The competitive landscape intensified with approximately 20 million addresses now transacting stablecoins on public blockchains. Amazon, Walmart, JD.com, and Alipay continue exploring stablecoin integration as adoption accelerates across traditional finance sectors. Notably, the massive adoption of stablecoin currently puts the US Dollar on the most beneficial side. Federal Reserve Governor Christopher Waller recently acknowledged that 99% of stablecoin market capitalization links to the US dollar, believing “stablecoins can keep the dollar the world’s reserve currency” by increasing global accessibility. Looking forward, Stripe’s Tempo blockchain would position the $92 billion company to capture stablecoin transaction processing directly rather than relying on external networks. The Ethereum-compatible Layer 1 could facilitate instant adoption by leveraging Stripe’s extensive merchant network, which spans millions of businesses worldwide. The post Payment Giant Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm: Report appeared first on Cryptonews .
