5 Aug 2025, 15:17

Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below $113,000 After ISM Services PMI

Adding to the shocking downward jobs growth revisions on Friday — which sent crypto prices tumbling — the ISM Services PMI all of a sudden is beginning to consistently indicate softer-than-though economic activity. The ISM Services for July came in at 50.1, sizably lower than the 51.5 expected. A number above 50 indicates economic expansion, and below that level contraction. The soft print is notable as it's now a three-month pattern of weakness, with May's number having been 49.9 and June's 50.8 — a sizable slowdown from previous months. Compounding that sign of economic weakness was a stagflationary signal embedded in the report, the Prices Paid subindex, which shot up to a cycle high of 69.9. "Tariffs are causing additional costs as we continue to purchase equipment and supplies ... the cost is significant enough that we are postponing other projects to accommodate these cost changes," read one comment from the report. Neither crypto nor traditional markets took kindly to the Tuesday data, with bitcoin (BTC) pulling back from above $114,000 to $112,800, lower by nearly 2% over the past 24 hours. The Nasdaq reversed from earlier gains to a 0.5% loss. Fed cut now? "The data always suffers big revisions when the economy is at an inflection point, like a recession," wrote economist Mark Zandi after the big downward jobs revisions Friday. "The economy is on the precipice of recession," he continued . "Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. With inflation on the rise, it's tough for the Fed to come to the rescue." Longtime managers at Hoisington Investment Management, Lacy Hunt and Van Hoisington aren't so sure the Fed can wait. Calling inflation gains from tariffs temporary and a first-round effect, Hunt and Hoisington say the second, third and later round contractionary effects are of far more import. "The Fed needs to be quickly moving to an accommodative policy," they concluded. "The Fed will be ill advised to wait ... The far more critical consideration is the coming contraction in global economic activity."

5 Aug 2025, 15:11

ATOM Holds Ground Above $4.27 After 3% Rebound From Key Support

Cosmos’ native token, ATOM, showcased remarkable resilience during a volatile 24-hour trading period ending August 5, recovering sharply from intraday lows as institutional activity returned. Following a dramatic dip to $4.18 during early U.S. trading hours, ATOM rebounded strongly to $4.30, carving out a fresh support range that may act as a springboard for continued upside. ATOM surged 3% from its $4.18 support zone, climbing to $4.30 in less than seven hours before consolidating above $4.27. The rebound was accompanied by significant volume, particularly between 13:32 and 13:48 UTC, when two successive spikes of 84,604 and 126,803 units indicated accumulation by sophisticated traders. The hour-long price action from 13:09 to 14:08 UTC highlighted the market’s bullish posture, with a brief consolidation replacing previous volatility, suggesting traders are tactically positioning for a breakout above resistance. This upward momentum followed a broader 24-hour swing from August 4 to August 5 that saw ATOM fluctuate between $4.18 and $4.34—a 3.46% range—amid global macroeconomic uncertainty, including diverging monetary policies among central banks and ongoing geopolitical instability. With digital assets increasingly viewed as hedging tools during fiat market stress, ATOM’s performance reflects broader shifts in institutional investment appetite. Technical Metrics Emphasize Critical Levels Trading range of $0.15 representing 3% volatility between $4.34 peak and $4.18 trough during 24-hour period. Strong support formation at $4.18-$4.19 level with aggressive buyer intervention during morning decline. Key resistance identified near $4.33-$4.34 based on previous session highs and rejection points. Volume spike of 1,768,342 units during recovery phase indicating institutional accumulation patterns. High-volume consolidation around $4.27-$4.29 suggesting new support base formation. Zero volume in final 20 minutes indicating market positioning ahead of next directional move. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .

5 Aug 2025, 15:11

Peter Thiel-Backed Crypto Exchange Acquiring Coindesk Goes Public! Here Are the Details

Cryptocurrency exchange Bullish announced that it is targeting a valuation of up to $4.23 billion for its US IPO. Peter Thiel-Backed Crypto Exchange Bullish Targets $4.2 Billion Valuation in US IPO Bullish began its investor outreach to capitalize on the momentum generated by growing interest in digital assets and regulatory clarity. The Trump administration's friendly crypto policies and recently passed regulations like the GENIUS Act have provided the initial framework specifically for stablecoins and instilled confidence in the sector. Under the IPO, Bullish aims to raise up to $629.3 million by issuing 20.3 million shares priced between $28 and $31 per share. This will be the company's second IPO in four years. Based on the set upper price range, the company will trade 52% below its targeted $9 billion valuation in 2021. At the time, Bullish planned to go public through a SPAC merger, but canceled the process in 2022, citing regulatory hurdles. Matt Kennedy, senior strategist at Renaissance Capital, noted that when IPO marketing begins, bankers prefer to keep the valuation low and then price it upward, which is perceived more positively than a reverse price correction. Bullish, backed by billionaire investor Peter Thiel, announced plans to convert a significant portion of the IPO proceeds into dollar-denominated stablecoins. This conversion will be conducted through one or more stablecoin issuers. Stablecoin issuer Circle, which opened strongly on the New York Stock Exchange in June, is currently trading 400% above its IPO price. A Platform Focused on Institutional Investors Led by CEO Thomas Farley, formerly the chairman of the New York Stock Exchange, Bullish operates as a crypto trading platform targeting institutional investors. The company also owns crypto news site CoinDesk, which it acquired from Barry Silbert's Digital Currency Group in 2023. Meanwhile, Coinbase, the largest publicly traded crypto exchange, reported a decline in its second-quarter adjusted earnings last week. Its share price fell by approximately 17% due to a slowdown in trading volume. However, the company reported an increase in portfolio revenue. *This is not investment advice. Continue Reading: Peter Thiel-Backed Crypto Exchange Acquiring Coindesk Goes Public! Here Are the Details

5 Aug 2025, 15:09

XRP Analysis: $3 Becomes Make-or-Break Level for the Ripple Linked Token

Ripple’s XRP posted a 5% gain on the day as traders shrugged off a fresh wave of opposition from traditional banks to Ripple’s license application. Price action remained volatile between $2.83 and $3.11, with short-term upside stalling at resistance levels while volumes surged past 110 million XRP — including a $33 million one-minute transaction that spooked order books. What to Know BPI, which represents 42 banks, filed objections to Ripple’s pending banking license, injecting fresh uncertainty into regulatory timelines. XRP rallied from $2.83 to $3.11 before closing at $3.04, with a 9.8% intraday swing across the session. Support at $3.00 held despite mid-day selloffs and fading momentum above $3.09. Institutional flows remained net neutral: $2.1 billion in token divestment offset by $14 million in leveraged long positions. AI-driven models project a $3.12 move by August-end — though TD Sequential flags short-term reversal risk. News Background The banking sector's coordinated filing against Ripple’s license effort marks the most concentrated resistance the firm has faced since its partial victory against the SEC. For traders, the news was mostly background noise — as XRP’s price held firm above $3.00 and saw liquidity bursts typically associated with large players moving in and out of the asset. Price Action Summary CoinDesk Analytics shows XRP hit a session high of $3.11 around 17:00 before reversing on volume spikes of 69.89 million XRP. Support formed at $2.97 during the Asia session (05:00–06:00), reinforced by back-to-back 50M+ XRP trades. Final-hour action (13:09–14:08) showed XRP holding flat at $3.03, with 2.1 million XRP sold during the breakdown attempt. Technical Analysis Price structure shows a clean consolidation band between $3.00–$3.02, with no structural breakdown yet. Bulls failed multiple times at $3.09–$3.11, signaling short-term exhaustion near that resistance cluster. Trading volume stayed above the daily mean (47.7 million) in five separate hourly windows — showing sustained interest. TD Sequential on the 3-day chart signals a completed 9-count — typically a local top. Breakout level remains $3.05, with upside extensions to $3.15 possible if volume returns above 50M/hour. What Traders Are Watching Whether Ripple responds publicly to the banking sector’s challenge, and how regulators react. If $3.00–$3.02 continues to act as accumulation range for larger holders. Volume participation into the weekend — any slowdown could set up for a $2.92–$2.97 retest. Trend flips on confirmation above $3.05 on strong hourly volume, targeting $3.12–$3.25 range.

5 Aug 2025, 15:08

Tom Lee: Crypto's “Killer App” Moment Is Here—Wall Street Can’t Ignore Crypto

Crypto has reached a defining moment, according to Tom Lee, head of research at Fundstrat , who believes stablecoins have become the first real “killer app” in crypto , driving mainstream adoption. As stablecoins reshape global payments, Wall Street is now rushing to tokenize assets and financial systems on blockchain networks. Lee emphasizes Bitcoin’s unmatched resilience. Despite multiple economic shocks—tariffs, inflation spikes, geopolitical tensions— Bitcoin has proven its strength as a digital store of value, much like gold . Corporations are starting to add Bitcoin to their balance sheets, and Lee predicts that banks and even governments might follow, acquiring Bitcoin as a strategic reserve. While Bitcoin remains the digital gold standard, Lee sees Ethereum as the backbone of financial tokenization , thanks to its smart contracts and dominant role in stablecoins and real-world asset tokenization. He considers Ethereum “the biggest macro trade of the next decade” as Wall Street builds on blockchain rails.

5 Aug 2025, 15:05

Revolutionary BNB Investment Strategy: CEA Industries Secures $500M for Crypto Treasury Shift

BitcoinWorld Revolutionary BNB Investment Strategy: CEA Industries Secures $500M for Crypto Treasury Shift In a significant move that has captured the attention of the cryptocurrency world, U.S.-listed CEA Industries Inc. recently announced a substantial capital raise. This development marks a pivotal moment for the company, as it pivots towards an ambitious BNB investment strategy . The news highlights a growing trend of traditional companies exploring digital assets for their corporate treasuries. A Monumental BNB Investment Strategy Unveiled CEA Industries Inc. has successfully raised an impressive $500 million through a private placement. YZi Labs led this crucial funding round. The primary objective of this capital infusion is clear: to make BNB, the native cryptocurrency of the BNB Chain, its core treasury reserve. This decision positions the company uniquely within the corporate landscape. Wu Blockchain, a reputable source in the crypto space, reported this development on X. This strategic financial maneuver is not just about holding digital assets; it signifies a deeper commitment to the blockchain ecosystem. Furthermore, CEA Industries has the potential to raise an additional $750 million through warrants, indicating strong investor confidence in this new direction. The Evolution of CEA Industries: Becoming BNB Network Company This bold financial move is accompanied by a significant corporate identity shift. On August 6, CEA Industries will officially rebrand as BNB Network Company. This rebranding directly reflects its new focus and dedication to the BNB ecosystem. It’s more than a name change; it’s a strategic realignment. The leadership team is also undergoing a major transformation. David Namdar, widely recognized as a former co-founder of Galaxy Digital, will assume the role of CEO. Namdar brings a wealth of experience from the digital asset sector. His appointment signals the company’s serious intent to navigate the complexities and opportunities within the blockchain industry effectively. This leadership change strengthens the company’s position for its ambitious BNB investment strategy . Why Choose a Crypto Treasury with BNB? Companies are increasingly considering a crypto treasury as part of their financial planning. But why BNB specifically? BNB offers several advantages, including its robust ecosystem, utility within the BNB Chain for various applications like decentralized finance (DeFi) and NFTs, and its relatively high liquidity. For a company like CEA Industries, integrating BNB into its treasury could offer diversification benefits and potential growth opportunities in a rapidly evolving market. This move reflects a forward-thinking approach to corporate finance. It demonstrates a belief in the long-term value and utility of digital assets. Such a significant digital asset investment by a U.S.-listed company could set a precedent for others contemplating similar strategies. Navigating the Digital Asset Investment Frontier Embracing a digital asset investment strategy, particularly on this scale, comes with both exciting prospects and inherent challenges. Companies must consider regulatory landscapes, market volatility, and the technical complexities of managing digital assets. However, the potential rewards, including hedging against inflation and participating in the growth of a new financial paradigm, are compelling. CEA Industries’ transformation into BNB Network Company highlights a broader trend: the convergence of traditional finance with the decentralized world. Their proactive step could inspire more corporate entities to explore the benefits of integrating cryptocurrencies into their financial frameworks. This journey requires careful planning, robust security measures, and a deep understanding of the crypto market. In conclusion, CEA Industries’ monumental $500 million raise for a primary BNB investment strategy and its subsequent rebranding to BNB Network Company mark a significant milestone. With new leadership and a clear focus on digital assets, the company is positioning itself at the forefront of corporate crypto adoption. This bold move could indeed redefine corporate treasury management for the digital age, showcasing the immense potential of integrating cryptocurrencies into mainstream finance. Frequently Asked Questions (FAQs) What is CEA Industries rebranding to? CEA Industries Inc. will rebrand as BNB Network Company on August 6, aligning its name with its new primary treasury reserve asset, BNB. How much capital did CEA Industries raise for its BNB investment strategy? The company raised $500 million through a private placement led by YZi Labs. There is also potential to raise an additional $750 million through warrants. Who will be the new CEO of BNB Network Company? David Namdar, former co-founder of Galaxy Digital, will assume the role of CEO for the newly rebranded BNB Network Company. Why did CEA Industries choose BNB for its crypto treasury? The company aims to make BNB its primary treasury reserve, likely due to its robust ecosystem, utility within the BNB Chain, and potential for long-term growth as a significant digital asset investment. What are the implications of this digital asset investment for CEA Industries? This strategic shift positions the company at the forefront of corporate crypto adoption, potentially offering diversification benefits and exposure to the rapidly growing digital asset market, while also navigating inherent market and regulatory challenges. Did you find this article insightful? Share it with your network on social media to spread the word about this groundbreaking corporate crypto strategy! To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset investment institutional adoption. This post Revolutionary BNB Investment Strategy: CEA Industries Secures $500M for Crypto Treasury Shift first appeared on BitcoinWorld and is written by Editorial Team