5 Aug 2025, 10:06

BitMine’s $2.9B Ethereum Treasury Grows Rapidly, Potentially Targeting 5% of ETH Supply

🚀 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! BitMine has become

5 Aug 2025, 09:56

SEC commissioner Hester Peirce defends crypto privacy and open-source development

US SEC Commissioner Hester Peirce has defended the right to financial privacy and open-source development, arguing that crypto users should be able to transact privately and developers should not be punished for how their code is used. During her speech at the Science of Blockchain Conference that concluded on August 4, Peirce criticised increasing regulatory pressure on decentralised technologies. She warned that recent actions targeting software developers risk undermining the foundational principles of privacy, innovation, and neutrality in code design. Developers should not be held responsible According to Peirce, developers of open-source privacy protocols should not be held responsible for the illicit use of their software. She argued that the right to self-custody and privacy-enhancing tools must be protected, adding that mandating surveillance of open-source infrastructure would be “fruitless” because such protocols, once deployed, are immutable and globally accessible. She cited the history of strong encryption, recalling how developers like Phil Zimmermann helped defend private cryptography against government overreach in the 1990s. “Because of their hard-fought victory,” she said, society today depends on encryption for basic digital activities like email, banking, and communication. Peirce suggested that privacy-preserving crypto tools deserve similar protection and recognition as public goods. Her comments come as the trial of Roman Storm , co-founder of the crypto mixing protocol Tornado Cash, moves toward a verdict. Storm faces charges of conspiracy to commit money laundering, violating US sanctions, and operating an unlicensed money-transmitting business. If convicted, he could serve up to 40 years in prison. Storm’s defence argues that Tornado Cash functions as a non-custodial, autonomous software protocol and that developers like him do not control how users interact with it. People have the right to transact privately Peirce didn’t shy away from criticising attempts to restrict financial privacy tools. She warned that requiring intermediaries to monitor peer-to-peer activity, as nearly mandated by the now-defunct DeFi broker rule, would turn businesses into surveillance agents. Such a move, she said, would be “antithetical to a free society.” The DeFi broker rule, proposed under the Biden administration and struck down by President Trump in April, would have forced DeFi protocols to disclose user data and report gross proceeds to the IRS. She maintained that regulators should not compel businesses to track who their customers transact with. Instead, she urged lawmakers to respect the original vision of decentralised protocols as open, neutral infrastructure. Technologies with legitimate uses, she said, should remain “available for all to use,” even if some individuals choose to exploit them for illegal purposes. “Safeguarding our families, communities, and country from harm is extremely important, but curtailing financial privacy and impeding disintermediating technologies are the wrong approach,” Pierce said. Denying people financial privacy—whether through sweeping surveillance programs or restrictions on privacy-protecting technologies—undermines the fabric and freedoms of our families, communities, and nation. The post SEC commissioner Hester Peirce defends crypto privacy and open-source development appeared first on Invezz

5 Aug 2025, 09:55

Machine learning algorithm predicts Bitcoin price on August 31, 2025

The mounting uncertainty over interest rate cuts and signs of slowing economic growth are weighing heavily on Bitcoin ( BTC ) as it struggles to build momentum just weeks after hitting its record highs in mid-July. Adding to the uncertainty are cooling institutional demand and further geopolitical tensions following Trump’s August 4 threat of tariffs on India in response to the South-Asian country’s continued purchases of Russian oil . BTC price prediction To see where Bitcoin might be by the end of the month, Finbold’s AI prediction agent used multiple LLMs to generate an average forecast for improved accuracy while incorporating momentum-based indicators into its context. You can experiment with the existing prompts or create your own. Try here now. To make its prediction, the AI analyzed a number of technical indicators, including moving average convergence/divergence ( MACD ), Relative Strength Index ( RSI ), stochastic oscillators, and 50-day moving averages (MA). According to the results, Bitcoin is in for a period of downturns, with the average predicted price sitting at $108,417, implying a 4.88% downside from the current price of $113,974. PBTC stock AI price prediction. Source: Finbold Of the three LLMs used in the prediction, ChatGPT-4o was the most optimistic, with the projected price of $110,000, which suggests a downside of -3.49%. Claude 3.5 Sonnet and Gemini 1.5 Flash 002 were slightly more bearish , the former predicting a price of $108,250, suggesting a -5.02% loss, and the latter setting the price at $107,000, implying a -6.12% downside. Bitcoin August price potential As mentioned, institutional flows, evolving on-chain dynamics, and U.S. regulatory changes are all painting an increasingly complex picture when it comes to Bitcoin. U.S. spot Bitcoin ETFs shook the market on August 5, seeing $333 million in net outflows, led by BlackRock’s ( IBIT ), which alone shed $292 million just a day after being named the second-best ETF in monthly inflows. BlackRock Ethereum ETF outflow. Source: SoSoValue The House-passed Digital Asset Market Clarity Act could provide long-sought regulatory certainty by classifying most crypto tokens as commodities under Commodity Futures Trading Commission (CFTC) oversight. Still, a lot of uncertainty remains following the Securities and Exchange Commission’s (SEC) decision to delay the approval of the politically sensitive Truth Social ETF until September 18. On the other hand, the CME FedWatch Tool currently sees a 92% probability of a September rate cut, which could lead to increased demand and prices. Featured image via Shutterstock The post Machine learning algorithm predicts Bitcoin price on August 31, 2025 appeared first on Finbold .

5 Aug 2025, 09:41

Hyperscale Data Plans $10M XRP Purchase as Corporate Treasury Trend Grows

Hyperscale’s Ault Capital Group targets to acquire $10M XRP for its treasury strategy. Flora Growth Corp already holds XRP, Ethereum and Solana to strengthen its asset portfolio. Firms highlight XRP’s role in cross-border payments and financial infrastructure benefits. Hyperscale Data has announced that its subsidiary Ault Capital Group, plans to purchase up to $10 million worth of XRP tokens for corporate treasury. The company has filed Form 8-K reports with the SEC regarding plans to release monthly digital asset holdings reports beginning this month. According to analyst Bill Morgan’s analysis of SEC filings, Hyperscale views XRP as particularly well-positioned for business finance applications that enable fast, secure, and efficient ability for transactions. Further, the firm plans to use XRP and the XRP Ledger to build cross-border settlement networks, real-time payment systems, and decentralized financial product creation. Recent with the SEC more companies or planning to hold XRP on the balance sheet: 1. Form 10-Q filing of Flora Growth Corp shows it holds XRP (and Solana and Eth) on its balance sheet. According to the company’s website it ac… The post Hyperscale Data Plans $10M XRP Purchase as Corporate Treasury Trend Grows appeared first on Coin Edition .

5 Aug 2025, 09:40

Swiss Franc: Strategic Haven as Bearish Dollar View Dominates Forex Market

BitcoinWorld Swiss Franc: Strategic Haven as Bearish Dollar View Dominates Forex Market In the dynamic world of global finance, understanding macro-economic trends is paramount, not just for traditional investors but also for the crypto community. While digital assets often capture headlines, the underlying currents of the forex market analysis frequently dictate broader liquidity, risk appetite, and capital flows that ultimately impact all asset classes, including cryptocurrencies. A recent pronouncement from Bank of America (BofA) offers a compelling insight into these traditional market dynamics, specifically their preference for the Swiss Franc over the Euro, particularly in the face of a developing bearish dollar view amidst significant yield curve shifts . This isn’t merely a technical trade recommendation; it’s a strategic call rooted in a deep assessment of global economic health, central bank policies, and geopolitical stability. For anyone navigating the complexities of modern markets, grasping the rationale behind such a stance provides a valuable lens through which to view potential shifts in investment sentiment and capital allocation. Understanding the Bearish Dollar View : Why the Greenback Faces Pressure The US Dollar, long considered the world’s primary reserve currency and a bastion of safety, is now facing increasing headwinds, leading to a bearish dollar view among some major financial institutions like BofA. Several factors contribute to this evolving outlook, signaling a potential shift in global financial architecture: Inflationary Pressures and Fed Policy: While the Federal Reserve aggressively hiked interest rates to combat inflation, concerns persist about the long-term impact on economic growth. A slowing economy, coupled with the potential for the Fed to pause or even pivot on its tightening cycle, could diminish the dollar’s yield advantage over other major currencies. Global Economic Rebalancing: As other major economies, particularly in Europe and Asia, show signs of stabilization or recovery, capital that flowed into the dollar during periods of global uncertainty might begin to seek opportunities elsewhere. This rebalancing of global growth prospects naturally reduces demand for the dollar. Fiscal Health and Debt Concerns: Ongoing debates surrounding government spending, rising national debt, and potential fiscal cliffs can erode investor confidence in the dollar’s long-term stability. While the US Treasury market remains deep and liquid, persistent fiscal challenges can introduce an element of risk premium. Geopolitical Shifts: The evolving geopolitical landscape, including discussions around de-dollarization in certain trade blocs, while nascent, adds another layer of complexity. Any move towards alternative reserve assets or currencies could incrementally diminish the dollar’s global dominance. These combined forces suggest that the dollar’s period of exceptional strength might be waning, prompting investors and institutions to seek alternative havens or growth opportunities in other currencies. The Allure of the Swiss Franc : A Safe Haven in Volatile Times Given a bearish dollar view , the Swiss Franc (CHF) emerges as a compelling alternative for institutions like BofA. Switzerland has long been synonymous with stability, neutrality, and financial prudence, qualities that are highly valued during periods of global uncertainty. Here’s why the CHF holds such appeal: Unwavering Stability: Switzerland boasts a robust economy, low unemployment, and a strong fiscal position. Its political neutrality and stable governance minimize geopolitical risks, making the CHF a classic ‘safe-haven’ currency. When global markets face turmoil, capital often flows into the CHF, appreciating its value. Prudent Monetary Policy: The Swiss National Bank (SNB) is known for its independent and pragmatic monetary policy. Historically, the SNB has been proactive in managing inflation and maintaining price stability, which reinforces the currency’s purchasing power. Unlike some central banks facing intense political pressure, the SNB often prioritizes long-term stability. Low Inflation Environment: Switzerland has consistently maintained lower inflation rates compared to many other developed economies. This low-inflation environment preserves the real value of the Swiss Franc , making it attractive for investors seeking to protect their capital from inflationary erosion. Strong Current Account Surplus: Switzerland consistently runs a significant current account surplus, indicating that it exports more goods and services than it imports, and receives substantial income from foreign investments. This surplus reflects a healthy external financial position, providing fundamental support for the CHF. For BofA, the Swiss Franc represents a reliable anchor in a potentially turbulent global currency environment, offering a defensive posture against a weakening dollar and broader market volatility. The Euro vs Dollar Conundrum: Navigating Divergent Paths While the Euro vs Dollar pairing is one of the most actively traded in the forex market analysis , BofA’s preference for the Swiss Franc over the Euro against a weakening dollar highlights fundamental differences in their respective economic outlooks and policy challenges. Why is the Euro seen as less attractive than the CHF? Eurozone Fragmentation and Challenges: The Eurozone, a diverse bloc of 20 nations, faces inherent challenges related to economic disparities, varying fiscal policies, and structural issues. While the European Central Bank (ECB) has been tightening monetary policy, the region’s susceptibility to energy shocks, slower growth prospects, and potential sovereign debt concerns in some member states make the Euro a riskier proposition compared to the highly unified and stable Swiss economy. Energy Dependency: Europe’s significant reliance on imported energy, particularly in the wake of geopolitical conflicts, has made its economy vulnerable to price shocks and supply disruptions. This vulnerability can weigh on economic activity and investor confidence, dampening the Euro’s appeal. Interest Rate Differentials: Although the ECB has raised rates, the interest rate differential with the US and the perceived future trajectory of rate hikes might not be as compelling as the stability offered by the Swiss Franc . Furthermore, the SNB’s recent willingness to strengthen the CHF through interventions or rate hikes has provided additional support. Relative Safe Haven Status: While the Euro can attract some safe-haven flows during certain periods, it does not possess the same deep-seated, traditional safe-haven characteristics as the Swiss Franc . In times of extreme global stress, investors often flock to the most reliable and neutral currencies, and the CHF typically tops that list over the Euro. Therefore, when considering a move away from the dollar, the Euro presents a different risk-reward profile than the Swiss Franc , with BofA clearly leaning towards the latter’s perceived safety and stability. Deciphering Yield Curve Shifts : Impact on Currency Valuations One of the critical technical drivers behind BofA’s currency preference is the analysis of yield curve shifts . Yield curves graphically represent the yields of bonds with different maturities. Their shape provides vital clues about economic expectations and monetary policy, directly influencing currency valuations: Inverted Yield Curves: When short-term bond yields rise above long-term yields (an inverted yield curve), it often signals impending economic slowdowns or recessions. For the dollar, an inverted US yield curve can suggest that the Fed’s aggressive tightening is hurting long-term growth prospects, making the currency less attractive for foreign investment seeking long-term returns. Interest Rate Differentials and Capital Flows: Currencies tend to strengthen when their underlying bond yields are higher relative to other countries, attracting capital flows (the ‘carry trade’). However, when yield curve shifts indicate that future rate hikes are less likely or that growth is slowing, this yield advantage can diminish or even reverse. Impact on Dollar Strength: If US bond yields, particularly at the longer end, fall or become less attractive relative to other safe-haven bonds (like Swiss government bonds), it reduces the incentive for global investors to hold dollar-denominated assets. This directly contributes to a bearish dollar view . Swiss Yields as an Anchor: Switzerland’s stable economic environment and consistent monetary policy mean its bond yields often serve as a low-volatility benchmark. If US yields become more volatile or less appealing due to economic concerns, the steady, albeit lower, yields of Swiss bonds can become comparatively more attractive for risk-averse investors. Understanding these intricate yield curve shifts allows institutions to anticipate changes in capital flows and adjust their currency strategies accordingly, making them a cornerstone of sophisticated forex market analysis . Strategic Forex Market Analysis : BofA’s Rationale and Implications BofA’s decision to favor the Swiss Franc over the Euro in a bearish dollar view scenario is a prime example of comprehensive forex market analysis at play. It’s not a singular factor but a confluence of macroeconomic indicators, central bank policies, and market sentiment that informs such a strategic move. BofA’s Rationale in Summary: Defensive Positioning: With a weakening dollar outlook, BofA seeks currencies that offer stability and resilience. The Swiss Franc, with its traditional safe-haven status and strong fundamentals, fits this defensive strategy perfectly. Relative Strength: The Euro, despite being a major currency, faces more structural and cyclical headwinds than the Swiss Franc , including energy vulnerability and persistent economic divergences within the Eurozone. This makes the CHF a relatively stronger and safer bet. Yield Considerations: While Swiss yields are typically lower, the relative stability and predictable nature of Swiss bond markets, especially when juxtaposed against potentially turbulent US yield curve shifts and Eurozone economic uncertainties, enhance the CHF’s appeal for capital preservation. Macroeconomic Divergence: BofA’s analysis likely points to a divergence in economic trajectories and policy responses between Switzerland, the Eurozone, and the United States, making the CHF the most attractive option for hedging against broader market risks. Actionable Insights for Investors: Diversification is Key: This analysis underscores the importance of diversifying currency exposure, even for those primarily focused on equity or crypto markets. Currency fluctuations can significantly impact the real returns on international investments. Monitor Macro Trends: Pay close attention to central bank rhetoric, inflation data, and yield curve shifts in major economies. These macro trends often precede significant shifts in currency valuations and broader market sentiment. Safe-Haven Appeal: Understand the role of traditional safe-haven assets like the Swiss Franc and gold. In times of increased uncertainty or a bearish dollar view , these assets can offer a degree of protection. Beyond the Headlines: Look beyond simple interest rate differentials. Comprehensive forex market analysis involves assessing economic stability, fiscal health, geopolitical risks, and structural advantages of each currency. Conclusion: Navigating the Tides of Global Finance Bank of America’s strategic preference for the Swiss Franc over the Euro in a period marked by a bearish dollar view and significant yield curve shifts serves as a powerful reminder of the intricate connections within the global financial system. It highlights that even in an era dominated by digital assets, the foundational principles of forex market analysis remain critical for understanding capital flows and managing risk. This nuanced approach by a major financial institution signals a proactive move to position portfolios defensively against anticipated shifts in the global economic landscape. For investors, whether seasoned forex traders or newcomers to the crypto space, grasping these macro currents is essential. It enables a more informed decision-making process, helping to identify potential opportunities and mitigate risks as the financial world continues to evolve. To learn more about the latest Forex market trends, explore our article on key developments shaping US Dollar liquidity and institutional adoption. This post Swiss Franc: Strategic Haven as Bearish Dollar View Dominates Forex Market first appeared on BitcoinWorld and is written by Editorial Team

5 Aug 2025, 09:35

Euro Demand Surges: Confident Hedge Funds Boost Positions

BitcoinWorld Euro Demand Surges: Confident Hedge Funds Boost Positions Even in the dynamic world of cryptocurrency, understanding the pulse of traditional financial markets is crucial. Macroeconomic shifts often create ripple effects that extend across all asset classes, including digital currencies. Recent reports indicate a significant rise in Euro demand , primarily driven by increased positioning from major hedge funds. This development signals a robust shift in global investment patterns, prompting a closer look at what this means for the broader financial landscape and how it might indirectly influence your investment decisions. What’s Driving the Surge in Euro Demand ? The latest market intelligence points to a notable accumulation of long positions in the Euro by prominent hedge funds. This strategic move is not arbitrary; it typically reflects a calculated assessment of economic fundamentals and future policy directions. Several key factors are contributing to this heightened interest: Economic Resilience: Despite global headwinds, the Eurozone economy has shown signs of stability and resilience. Improved economic data, including industrial production and consumer confidence, may be bolstering investor confidence. Interest Rate Differentials: The European Central Bank’s (ECB) monetary policy stance, particularly its interest rate trajectory, plays a vital role. If the ECB maintains or signals a tighter monetary policy compared to other major central banks, it makes Euro-denominated assets more attractive, drawing in capital from hedge funds seeking higher yields. Geopolitical Stability: While Europe faces its share of challenges, perceived relative stability compared to other regions can make the Euro a safer haven for large institutional capital flows. Valuation Attractiveness: After periods of fluctuation, the Euro might be seen as undervalued, presenting an opportune entry point for funds with long-term investment horizons. These elements combine to create a compelling narrative for sophisticated investors, prompting them to allocate more capital to the single currency. Unpacking the Strategy of Hedge Funds Hedge funds are known for their agile and often aggressive trading strategies, aiming to generate high returns regardless of market direction. Their increased Euro exposure is a powerful indicator of their collective outlook on the currency’s future. When these large players build significant positions, it’s often based on extensive research and proprietary models that analyze a multitude of variables. Their strategies typically involve: Macroeconomic Analysis: Deep dives into GDP growth, inflation rates, employment figures, and trade balances across the Eurozone. Monetary Policy Expectations: Forecasting ECB decisions on interest rates, quantitative easing, and other tools that influence currency strength. Carry Trade Opportunities: Borrowing in a low-interest-rate currency and investing in a higher-interest-rate currency, profiting from the interest rate differential. The Euro’s yield potential, relative to funding currencies, could be a draw. Technical Analysis: Identifying price patterns and market trends to time entries and exits for maximum profitability. The collective action of these funds can create significant momentum in the forex market , influencing currency valuations and volatility for other participants. The Ripple Effect on the Forex Market An increase in Euro demand by hedge funds does not occur in isolation; it sends ripples across the entire global forex market . The Euro is one of the world’s most traded currencies, and its strength or weakness has broad implications. Here’s how this trend can affect other currency pairs: EUR/USD: A stronger Euro against the US Dollar can lead to a rise in this pair, reflecting a shift in capital flows and potentially influencing global trade dynamics. EUR/JPY & EUR/GBP: Similar trends might be observed against the Japanese Yen and British Pound, depending on the relative economic performance and monetary policies of Japan and the UK. Commodity Currencies: Changes in Euro strength can indirectly impact commodity currencies (like AUD, CAD) by influencing global trade and investor risk appetite. This institutional positioning can create a self-fulfilling prophecy, where initial buying spurs further buying, leading to sustained trends. However, it also introduces the potential for increased volatility if these positions are unwound quickly. Navigating the Landscape of Currency Trading For individual investors and traders, understanding these large institutional moves is crucial for informed decision-making in currency trading . While direct participation in the forex market might not be for everyone, the implications extend to other asset classes. Here are some considerations: Factor Impact on Euro Consideration for Traders ECB Policy Stance Hawkish = Stronger Euro Monitor ECB announcements and economic forecasts for future rate hikes or cuts. Eurozone Economic Data Positive = Stronger Euro Track key indicators like GDP, inflation (CPI), employment rates, and industrial output. Global Risk Sentiment Risk-on = Potentially Stronger Euro (as growth currency) Assess broader geopolitical events and global economic stability, as the Euro can act as a safe-haven or growth currency depending on context. US Dollar Strength Strong USD = Weaker EUR/USD The inverse relationship with the US Dollar is key; monitor US economic data and Fed policy. Understanding these dynamics can help in assessing broader market liquidity and the appetite for risk, which can cascade into other investment areas, including digital assets. Understanding Investor Sentiment : A Key Indicator? The actions of hedge funds are often considered a bellwether for broader investor sentiment . Their significant positioning in the Euro suggests a prevailing optimism regarding the Eurozone’s economic prospects and the currency’s stability. This collective confidence can create a positive feedback loop, attracting further investment from other institutional and retail players. However, it’s also important to remember that hedge funds can reverse their positions quickly. While their current stance indicates strong confidence, market conditions can shift rapidly due to unexpected geopolitical events, sudden policy changes, or unforeseen economic downturns. Monitoring these shifts in sentiment is vital for anyone engaged in financial markets. Potential Challenges and Considerations While the increase in Euro demand presents opportunities, it’s crucial to acknowledge potential challenges: Policy Reversals: An unexpected dovish shift by the ECB could undermine the Euro’s appeal. Global Economic Slowdown: A significant downturn in global growth could dampen Eurozone exports and economic activity, reducing Euro strength. Geopolitical Instability: Renewed conflicts or political crises within Europe could trigger capital flight. Market Volatility: Large institutional positions can lead to sharp price movements if unwound rapidly, increasing risk for less agile traders. Actionable Insights for Diverse Portfolios For investors, including those with a primary focus on cryptocurrencies, observing these trends in traditional finance offers valuable insights: Diversification: A strong Euro might indicate a robust traditional financial environment, prompting some to consider diversifying a portion of their portfolio into stable traditional assets or foreign exchange. Risk Assessment: Understanding the drivers of Euro strength can inform a broader assessment of global economic health and risk appetite, which can influence decisions in the crypto market. Macro Awareness: Staying informed about major currency movements helps in understanding the global liquidity landscape, which often impacts the flow of capital into and out of digital assets. The increased positioning by hedge funds in the Euro signals a powerful vote of confidence in the currency’s future. This surge in Euro demand reflects a complex interplay of economic fundamentals, monetary policy expectations, and strategic investment decisions. While this trend offers potential opportunities and insights into global investor sentiment , market participants must remain vigilant to evolving conditions. Understanding these shifts in the forex market and the strategies of large players in currency trading is key to navigating the interconnected world of finance effectively, whether you’re focused on traditional assets or the dynamic realm of cryptocurrencies. To learn more about the latest Forex market trends, explore our article on key developments shaping the Euro and its institutional adoption. This post Euro Demand Surges: Confident Hedge Funds Boost Positions first appeared on BitcoinWorld and is written by Editorial Team