5 Aug 2025, 21:30

MEI Pharma Makes Litecoin Its Primary Treasury Asset

Nasdaq-listed MEI Pharma has included Litecoin (LTC) in its corporate treasury, thereby bringing some positive attention to the cryptocurrency. Precisely, it made a $100 million private placement in the digital asset, and this amounted to a total of 929,548 Litecoin (LTC) tokens. MEI Pharma Boasts of $112.54M Worth of Litecoin MEI Pharma recently became the first U.S.-listed firm to adopt Litecoin as its primary treasury reserve asset by investing $100 million in the token. The Nasdaq-listed pharmaceutical company secured a total of 929,548 Litecoin (LTC) at an average price of $107.58 between July 30 and August 4. According to CoinMarketCap data, 1 unit of LTC currently has a market value of $121.46, corresponding with a 1.93% rally within the last 24 hours. Judging by this price level, MEI Pharma’s LTC treasury is worth approximately $112.54 million. Meanwhile, LTC’s market capitalization has reached $9.25 billion, making it the 18th-largest cryptocurrency by this metric. Its 24-hour trading is also now at $1.91 billion, following a 90.55% ìncrease. Investors Become Stakeholders in MEI Pharma Litecoin creator Charlie Lee and crypto trading firm GSR acted as lead investors in the $100 million private placement , which closed in July. Lee is now a member of MEI’s board of directors, specifically taking the place of Taheer Datoo, who has been a director at MEI Pharma since October 2023. Also, GSR was appointed as the company’s treasury asset manager. Litecoin Foundation, Delta Blockchain, ParaFi, RLH Capital, and Hivemind are other investors in the fund placement. The decision to pick LTC comes from its stellar record of uninterrupted uptime, low fees, and fast settlement. GSR Announces $100 million Private Investment in Upexi In April, GSR announced a $100 million private investment in public equity (PIPE) into Upexi, Inc., a consumer product firm. This fund was an avenue for the crypto trading firms to contribute to Upexi’s Solana (SOL) treasury strategy. This was around the time when Upexi announced that it is pivoting toward a cryptocurrency-based treasury strategy. This decision underscores its commitment to establishing a Solana treasury strategy. Similarly, GSR has a mission to close the gap between traditional capital markets and the digital asset ecosystem. Interestingly, this stance rightly positioned it for this deal. The post MEI Pharma Makes Litecoin Its Primary Treasury Asset appeared first on TheCoinrise.com .

5 Aug 2025, 20:30

Trump named Warsh, Hassett, Waller, and Bowman as his four top picks for Fed chair

Trump has trimmed down his shortlist for the next Federal Reserve chair to four names, all loyalists: Kevin Warsh, Kevin Hassett, Christopher Waller, and Michelle Bowman. Speaking on CNBC’s Squawk Box Tuesday morning, Trump confirmed that Scott Bessent, who was previously a strong contender, is no longer in the race. Apparently, Scott had told Trump he prefers to remain at the Treasury Department, shutting down any rumors that he might take the Fed job. “Well, I love Scott, but he wants to stay where he is,” Trump said during the live interview. “I asked him just last night, ‘Is this something you want?’ [Scott said], ‘Nope, I want to stay where I am. He actually said, ‘I want to work with you.’ It’s such an honor. I said, ‘That’s very nice. I appreciate that.’” Trump’s final four all support lower interest rates, and each of them has made it clear they’re ready to suck up to him for the sake of getting the job, which makes it clear that the central bank will likely turn political, something Wall Street is not happy about. Kugler quits as Trump names his final four Trump’s announcement came just days after Adriana Kugler, one of the Fed governors, abruptly said she’s stepping down . Her resignation becomes effective this Friday. That gives Trump a new vacancy to fill immediately. Two of Trump’s finalists, Warsh and Hassett, have both served in high-level economic roles and are vocal critics of the Fed’s current approach. Warsh previously sat on the Fed board. Hassett leads the National Economic Council and has been one of Trump’s closest economic policy aides. Both have publicly argued for easing monetary policy sooner and more aggressively. The other two on the list, Chris and Michelle, are sitting Fed governors who voted last month to cut rates, breaking from Jerome Powell and the majority who chose to hold steady. Their dissents didn’t go unnoticed. Trump told CNBC: “Both Kevins are very good, and there are other people that are very good, too. Like governors Michelle and Christopher.” Powell’s future, rate politics, and prediction market odds Jerome Powell still has time left, as his term ends in May 2026. But as everyone probably knows, Trump has been attacking him publicly since last year, accusing him of delaying rate cuts to protect Democrats. Trump even claimed Powell had promised loyalty. “Sir, I’ll keep interest rates so low. I’m a low interest rate person,” Trump said Powell told him back in 2017, when Trump nominated him during his first term. The central bank’s benchmark rate is currently stuck between 4.25% and 4.5%, after staying unchanged last week. Markets expect a drop in September. Trump claims the last few cuts, especially the full percentage point reduction between September and December 2024, were political favors aimed at helping Kamala Harris, the Democratic nominee. There’s also been talk that Trump might appoint someone to quietly undercut Powell’s authority before 2026. He didn’t deny it. When asked, he responded, “It’s a possibility.” Source: Kalshi Prediction market Kalshi updated its odds after Trump’s comments. Hassett and Warsh each rose to a 35% probability of being picked as chair. Waller dropped to 15%, possibly because Trump didn’t say his name on air. Judy Shelton, who advised Trump during his first term, got 6% odds. David Malpass, who ran the World Bank from 2019 to 2023, was assigned 4%. Trump himself even received a 1% vote on Kalshi to run the Fed. He’s joked before that he could lead the central bank better than Powell. “If I wanted to do it myself, I could,” he said. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

5 Aug 2025, 20:00

Arthur Hayes Warns Of Potential 19% Bitcoin Crash, Abandons Major Positions

BitMEX co-founder Arthur Hayes has issued a sobering warning to crypto investors, predicting an imminent 19% Bitcoin crash . This foreboding report comes as Hayes significantly reduced his exposure to major cryptocurrencies, sparking uncertainty and doubt in the market. Bitcoin Faces Potential 19% Price Crash On August 2, Hayes took to the X social media platform to sound the alarm on potential market turbulence ahead. The BitMEX co-founder forecasted that the Bitcoin price could crash by a whopping 19%, possibly retesting the $100,000 level and marking one of its sharpest declines in recent weeks. Notably, Hayes’ grim outlook extends beyond Bitcoin to the world’s largest altcoin, Ethereum. He believes that while Bitcoin plunges to former lows, ETH could fall to $3,000, representing a sharp decline of approximately 18% from its current price of $3,634. The BitMEX co-founder has attributed these bearish short-term forecasts to macroeconomic stress , particularly in the United States (US). Hayes offered a sobering take on the state of the global economy and its potential implications for the digital asset market . He believes that the US is on the brink of a significant financial shift, with a “tariff bill” potentially coming due in the third quarter of 2025 and set to weigh heavily on market sentiment. Notably, the BitMEX co-founder’s bearish warnings come shortly after the release of a cooler-than-expected US Non-Farm Payrolls (NFP) report . The data indicated a slowdown in job creation, which in turn sparked concerns about the Federal Reserve’s (FED) ability to continue sustaining nominal Gross Domestic Product (GDP) growth without more aggressive credit creation. Hayes argued that no major global economy is currently expanding credit at a pace sufficient to support nominal GDP growth. He warns that this stagnation could create conditions that could put downward pressure on risk assets like cryptocurrencies. Notably, the BitMEX co-founder’s bearish outlook for both Bitcoin and Ethereum underscores the impact that macroeconomic and geopolitical factors tend to have on the digital asset market. Hayes Dumps Millions In Crypto Holdings Backing up his warning with actions, Hayes has begun offloading a substantial portion of his crypto holdings. According to blockchain data shared by Lookonchain via Arkham Intelligence, the BitMEX co-founder liquidated a large portion of his portfolio on the same day he issued his foreboding BTC and ETH forecast. Within just six hours, Hayes reportedly sold approximately 2,373 ETH valued at $8.32 million, along with 7.76 million ENA tokens worth $4.62 million. He also exited a massive position in PEPE, selling 38.86 billion tokens for roughly $414,700. The scale and speed of these withdrawals suggest that Hayes may be repositioning himself ahead of anticipated market volatility. As one of the most influential figures in the crypto space, his moves have sparked debates about whether these recent liquidations could signal the beginning of a broader correction.

5 Aug 2025, 19:55

Billionaire Ray Dalio Says Government Money Printing Could Lead to New Gold-Backed Currency Era

Bridgewater Associates founder Ray Dalio is warning that the US may be forced to go back to a gold standard at some point in the future. In a post on the social media platform X, the billionaire says that historically, currencies go through cycles of devaluation that eventually end in being linked back to gold, something the US may not be able to avoid. Says Dalio, “The U.S. dollar used to be backed by gold – and it’s not far-fetched to think we may be headed there again in the future. History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation. Once people start to lose trust in the fiat system, we see a specific cause and effect reaction occur. 1) Governments print a lot of money 2) They pay off the debt with the cheap money 3) Nobody wants to hold the devalued currency 4) Governments go back and link money to gold Will this same pattern happen again? It’s hard to say, and it wouldn’t happen anytime soon. But it is conceivable.” Dalio recently said that Donald Trump was attempting to devalue the dollar as a way to make the US debt more manageable, contrary to the goals of Fed Chair Jerome Powell to maintain stable, low inflation. “As previously explained, when there is too much debt and borrowing, the classic way of dealing with it is to push real interest rates down and devalue money, which is bad for creditors and good for debtors. That is what Donald Trump is pushing for and what Jay Powell is defending against.” The hedge fund veteran has also warned that, in order to defend against an expected currency devaluation, he thinks that allocating about 15% of one’s money in gold or Bitcoin is necessary. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Ray Dalio Says Government Money Printing Could Lead to New Gold-Backed Currency Era appeared first on The Daily Hodl .

5 Aug 2025, 19:50

Japan’s stock market rebounds to near record highs despite last year’s crash

A year after the yen’s sudden rebound rattled markets, Japanese stocks are now steady. They’ve been supported by clearer BOJ guidance, corporate reforms, and a softer US tariff deal. Japan’s stock market has withstood two fierce downturns, including a substantial reversal of the carry-trade approach, where traders leverage cheap yen funding to acquire more profitable overseas assets. On August 5, 2024, a surprise interest-rate rise at the Bank of Japan sparked about a 12% downturn in the country’s leading indices, erasing more than $670 billion in equity value. Today, the Topix is once again trading near its all-time peaks as per Bloomberg . The current rally looks a lot like last July’s failed surge, but investors are reassured by clearer BOJ messaging, steady corporate reforms, and a softer US tariff deal . “It looks like a lot more stable of an environment for the market to go higher,” said Pelham Smithers, who leads a Japan equity research firm in the UK. “I think there’s room for further rate hikes, which it hasn’t felt like before.” Yen rises on weak U.S. jobs data, nudging Japanese stocks lower The yen’s fluctuations continue. Following weaker-than-expected US employment figures last Friday, it gained roughly 2 % versus the dollar. Monday saw the Topix and Nikkei 225 dip slightly above 1 %, driven by fresh concerns about an economic downturn. As of Tuesday at 8:25 a.m. in Tokyo, the currency was hovering near ¥146.75 per US dollar. Compared to last year, when the yen jumped 10% in one month and August’s crash was much worse, this week’s swings are mild. Clearer BOJ communication has helped. The BOJ’s unexpected 15 bp increase last July fueled a yen spike and compelled numerous traders to reverse their leveraged positions. In response, the board now mandates that at least one member deliver a public address and conduct a press briefing prior to every rate meeting. Prior to its most recent 25 bp lift to 0.5 % in January, which marked the biggest increase in nearly two decades, Deputy Governor Ryozo Himino signaled the change ten days early, later ratified publicly by Governor Kazuo Ueda. Even with the scale of that adjustment, market participants had time to adjust, and a rally in bank stocks supported broader gains in the subsequent week. “The BOJ’s decision to raise rates again in January, despite last summer’s turmoil, made it clear that the rate-hike path will continue,” said Masayuki Koguchi, executive chief fund manager at Mitsubishi UFJ Asset Management. “It’s become easier to envision future rate-hike scenarios .” According to Smithers, after recovering from last summer’s plunge and the April sell-off linked to trade frictions, Japanese equities exhibit increased resilience. “We got out a bit of hot money with the two flash crashes,” he noted. “The people in the market right now are the ones who believe in Japan.” Foreign investors drawn by reforms and buybacks Much of that confidence comes from foreign investors drawn by record buybacks and the hope that governance reforms will unlock hidden value. “Governance reforms and shareholder returns, far from peaking, are scaling new heights,” said Sunny Romo, an investment director of Japanese equities at M&G Investments. She added that this points to more room for stocks to climb, as global investors seek to diversify beyond the US. Local strategists also identify growth opportunities within Japan/ Following a setback at the polls, renewed pressure from opposition parties to lower the consumption levy is mounting, and could support consumer-facing and other domestic-oriented industries. Analysts from Goldman Sachs Japan and Bank of America Securities have lifted their near-term targets for the Topix and Nikkei, pointing to a tariff agreement capping duties at 15 %. But it all depends on the yen staying stable amid trade-driven swings. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

5 Aug 2025, 19:39

Mantle (MNT) Emerges as Top Gainer Amid Market Downturn, Highlighting Its Position as Largest ETH-Backed Treasury

🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Mantle, the largest