10 Aug 2025, 09:02

Decrypt Bitcoin’s Rise: Insightful Market Trends Await in the Upcoming Week

Bitcoin close to $118,000; ETH surpasses $4,100 amid possible market rallies. Macroeconomic trends and inflation week to influence market directions. Continue Reading: Decrypt Bitcoin’s Rise: Insightful Market Trends Await in the Upcoming Week The post Decrypt Bitcoin’s Rise: Insightful Market Trends Await in the Upcoming Week appeared first on COINTURK NEWS .

10 Aug 2025, 06:30

Bitcoin Miner Cleanspark Posts Record $257M Profit, Faces $185M Tariff Dispute

In Q2 of 2025, U.S. bitcoin miner Cleanspark reported a revenue of $198.6 million, marking a 90% increase from $104.1 million in the same period last year. Q2 Financial Performance In the second quarter of this year, U.S. bitcoin miner Cleanspark’s revenue soared to $198.6 million, an increase of more than 90% from the $104.1

10 Aug 2025, 06:18

Michael Saylor is not sweating the rise of Ethereum treasury companies

Michael Saylor isn’t worried about growing treasury interest in crypto assets beyond Bitcoin, claiming that Bitcoin will outpace the S&P 500 for the “indefinite future.”

10 Aug 2025, 04:14

ETH Breaks $4.2K, Whales Remain Bullish and Call ‘Higher’

Ethereum (ETH) has surged past the $4,200 mark for the first time since December 2024. The latest milestone comes with a retail optimism, which is overshadowing bearish views. Bullish Hashtags Dominate Social Media Ether is currently trading above $4,200, and this surge has sparked optimism among traders. In fact, social media sentiment shows a strong bullish tilt, with hashtags like #buying, #bought, #bullish, and #higher trending alongside ETH. On the other hand, bearish commentary, including #selling, #sold, #bearish, and #lower, is appearing at roughly half the rate. Crypto analytics platform, Santiment highlighted the growing retail-driven enthusiasm but warned that excessive FOMO could temporarily stall the rally’s momentum if sentiment becomes overly one-sided. Meanwhile, institutional activity has also played a major role in Ethereum’s latest climb. Since July 10, over 1.035 million ETH worth approximately $4.17 billion have been accumulated by unidentified whales or institutions, according to pseudonymous blockchain analyst EmberCN. The purchases were made via exchanges and institutional platforms, and coincided with a 45% price surge from $2,600 to $4,000. Most holdings are believed to belong to institutions or US-listed firms with ETH reserves, excluding the known SBET address. The average acquisition price during this period was about $3,546, signaling large-scale strategic positioning. Beyond market mood and accumulation, the altcoin has broken a historical supply record. Another Milestone For Ethereum As of August 9th, Ethereum’s circulating supply has reached a record 121 million ETH, as per network data shared by CryptoQuant. The milestone comes nearly three years after the network hit 120 million ETH on August 22, 2022, following a slow but consistent increase. Ethereum currently issues around 2,500 to 3,000 ETH daily. While new ETH is minted daily, staking continues to play a significant role in shaping net supply growth. Every ETH locked in staking contracts is temporarily effectively removed from circulation, which offsets a portion of new issuance and acts as a check on inflation. In total, Ethereum has minted approximately 157.18 million ETH to date. This figure is achieved after combining the 121 million in circulation and over 36.18 million locked in staking. The dual mechanism of issuance and staking-driven absorption creates a balance in the network’s monetary base. Although the deflationary narrative has softened for now, the long-term price impact will hinge on whether network activity can justify the growing supply. If demand lags, inflationary pressure could weigh on valuation; if it matches or exceeds supply growth, the expansion may support continued price stability or appreciation. The post ETH Breaks $4.2K, Whales Remain Bullish and Call ‘Higher’ appeared first on CryptoPotato .

10 Aug 2025, 00:13

Elon Musk’s Tesla seeks to enter UK energy market

Elon Musk’s Tesla plans to enter the UK household energy market soon, challenging major providers like Octopus Energy and British Gas. Official documents show that on July 25, Tesla submitted an application to the UK energy regulator, Ofgem. According to Telegraph , the company requested permission to supply electricity to domestic customers. The filing, signed by Andrew Payne signals a notable step forward in the company’s expansion plans. If approved, “Tesla Electric” could begin serving customers as soon as next year. The new service is expected to work hand in hand with Tesla’s existing products, such as its electric vehicles and Powerwall battery units, with the goal of cutting household power expenses. Tesla already operates a comparable program in Texas, where customers can benefit from cheaper charging rates for their cars and earn payments for sending unused solar-generated or battery-stored electricity back to the grid. Reports from 2023 indicated Tesla’s intent to enter the home energy market, alongside recruitment campaigns for policy and operational roles. With tens of thousands of Powerwall batteries already installed in Britain, devices that can store energy from solar panels or off-peak charging, Tesla holds an infrastructure advantage. Moreover, Tesla offers residential EV charging equipment and has over 250,000 cars on UK roads. This network could be key to rolling out “vehicle-to-home” systems, where a car’s battery can supply power to the household. Several other providers are trialling this type of technology, which Tesla could incorporate. Tesla is also active in wholesale energy trading, using large-scale battery facilities and its Autobidder platform to buy and sell stored power. The company has held an Ofgem generation licence since 2020. Even so, the brand faces headwinds. UK sales of Tesla’s electric cars have dropped sharply, with July showing a 60% year-on-year decline, a trend echoed in other European markets, such as Germany, where deliveries fell over 55% . The slump reflects stiffer EV market competition and controversies linked to Musk, including his public support for political figures like Donald Trump and Tommy Robinson. Tesla is facing persistent sales slump in Europe Analysts note that even Musk’s recent efforts to distance himself from politics have not reversed the European sales downturn, with Tesla registering five consecutive months of falling deliveries across the continent. In the US, the company offers a fixed-rate plan for unlimited vehicle charging during certain time windows. Powerwall owners can also link their units to the grid, allowing Tesla to tap into stored energy at peak times in exchange for payments. This setup, known as a “virtual power plant,” combines small-scale energy sources to help stabilise renewable supply. Although the company hasn’t yet outlined pricing or specific plans for the UK, job postings point to virtual power plant integration as a key feature. The system would capture excess wind and solar power when available, then release it back to the grid during demand surges. Tesla previously joined forces with Octopus Energy in 2020 for a combined energy tariff but ended that collaboration three years later to operate independently. It still works with Octopus so Powerwall owners can use the latter’s software to sell stored power at premium times. Approval for an Ofgem electricity supply licence can take up to nine months, though in some cases the process is quicker. Rules have become stricter since the 2021 energy market crisis, when multiple small suppliers collapsed. Tesla has not applied for a licence to supply gas, so households using both fuels will still need a separate gas provider. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

10 Aug 2025, 00:00

Here’s How Much XRP You Would Need to Surpass Elon Musk’s Wealth if the Price Reaches $10,000 per Coin

Levi of Crypto Crusaders recently sparked debate in the XRP community with a bold hypothetical: “If XRP were to hit ten thousand dollars per coin, how much XRP would you need to be the richest person in the world? … you would need 50 million XRP to be wealthier than Elon Musk if XRP hits $10,000 per coin.” While the statement captures attention, a closer examination of verified data reveals the scenario’s inherent implausibility. Elon Musk’s Net Worth as the Benchmark As of August 1, 2025, Forbes places Elon Musk’s net worth at approximately $401.2 billion, reaffirming his position as the world’s richest individual. This figure serves as the reference point for calculating how much XRP one would require to exceed Elon Musk’s fortune at a $10,000 valuation per coin. XRP Supply and the Market Capitalization Implications XRP’s current circulating supply is roughly 59.3 billion tokens, with a maximum total supply of 100 billion. At a hypothetical price of $10,000 per token, the circulating market capitalization would surge to around $593 trillion. THE #XRP SURGE IS HERE! pic.twitter.com/TUW6f9PDdR — Levi | Crypto Crusaders (@LeviRietveld) August 9, 2025 On a fully diluted basis, the figure would approach $1 quadrillion. For perspective, these amounts are many times larger than the total global GDP, underscoring the sheer economic improbability of such valuations. Breaking Down the Calculation Dividing Musk’s estimated $401.2 billion net worth by $10,000 per XRP results in approximately 40.12 million XRP needed to surpass his wealth. Levi’s cited figure of 50 million XRP, while slightly higher, offers a rounded and rhetorically impactful estimate suitable for social media discussion. Practical and Liquidity Constraints Even setting aside the implausible market capitalization, acquiring tens of millions of XRP at or near a $10,000 valuation would be virtually impossible in practice. The act of purchasing such a vast quantity would cause extreme market slippage, diminish liquidity, and deter market makers from participating. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In addition, Ripple’s programmed escrow releases regularly inject more XRP into circulation, making the token’s available supply dynamic and unpredictable. These realities further diminish the feasibility of the scenario Levi describes. Final Assessment Levi’s statement—“You would need a 50 million XRP to be wealthier than Elon Musk if XRP hits $10,000 per coin”—is an engaging thought experiment and a testament to the aspirational spirit within segments of the crypto community. However, when assessed through the lens of updated net worth figures, current XRP supply data, and macroeconomic constraints, it becomes clear that the premise is far removed from practical financial reality. While the discussion fuels the imagination of XRP enthusiasts, it ultimately serves as a reminder that sound investment decisions should be grounded in verifiable facts and realistic market conditions. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Here’s How Much XRP You Would Need to Surpass Elon Musk’s Wealth if the Price Reaches $10,000 per Coin appeared first on Times Tabloid .