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 .

9 Aug 2025, 22:00

Trump-backed WLFI aims for Nasdaq debut with $1.5B token treasury

The Trump-linked project is courting institutional money while rewarding DeFi traders in the background.

9 Aug 2025, 21:30

Caitlin Long Breaks Silence on Donald Trump’s Executive Order

Earlier this week, President Donald Trump signed an Executive Order to halt unfair banking discrimination in America, drawing commentary from Caitlin Long. The order sets strict limits on when banks can refuse to serve lawful businesses, including crypto firms. The order also introduces an independent overseer to ensure compliance. The move has sparked debate in the crypto and financial community. Some see it as the end of “Operation Choke Point 2.0.” Others are waiting to see if the order will truly restore accounts to crypto companies that were previously debanked. Caitlin Long on Independent Watchdog for Crypto Debanking Issues In a recent X post , Custodia Bank founder and CEO Caitlin Long spotlighted these new changes. She said the creation of an independent overseer is the most significant part of the executive order. President Trump appointed Kelly Loeffler, a former U.S. senator, pro-Bitcoin, to oversee the compliance of the order. Her role is to monitor debanking activities outside of the control of the three main banking regulators. This includes the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve (Fed), and the Office of the Comptroller of the Currency (OCC). Before entering politics, Loeffler was CEO of Bakkt, an institutional Bitcoin futures platform. Her appointment proves that the current administration wants someone with deep knowledge of the crypto industry in a position of authority. Concerns About Political Bias in the Banking Sector Long said the decision to put the Small Business Administration (SBA) in charge shows a lack of confidence in traditional banking regulators. She added that it signals doubt about those agencies’ willingness to address political bias. Long notes that political leanings among Fed and FDIC staff may have influenced past actions. She pointed out that in 2024, up to 92% of their political donations went to Democratic candidates. Critics worry that such biases may have shaped regulatory decisions. It was noted that during the Biden administration, many crypto-related firms faced scrutiny . Some were even cut off from banking services despite following all legal requirements. Custodia Bank itself was cut off from several banking partners after regulators pressured them, despite having a clean compliance record. Protection for All Lawful Businesses, Not Just Crypto The executive order focuses on protecting lawful business activities instead of naming specific industries. This means banks cannot refuse services simply because a company operates in crypto , as long as the company follows the law. The rule also protects other lawful businesses that could face discrimination for political reasons. Caitlin Long believes the success of the order will depend on its practical results. If banks that previously shut out lawful crypto firms are compelled to reopen their accounts, the order will have achieved its goal. For now, the crypto sector is watching closely to see whether Trump’s debanking order leads to real change. Some fear it could become another unfulfilled promise in the long battle for fair banking access. The post Caitlin Long Breaks Silence on Donald Trump’s Executive Order appeared first on TheCoinrise.com .

9 Aug 2025, 21:10

JPMorgan sees Trump’s nomination of Stephen Miran to the Fed board as a problem

Donald Trump’s pick of Stephen Miran for Federal Reserve governor is attracting attention beyond his image as someone who favors low interest rates. JPMorgan’s analysts think that Trump choosing Miran might be part of a bigger plan to change the Federal Reserve Act, the law that defines the Fed’s powers, as reported by Fortune. According to a report by Fortune , this could reduce the Fed’s ability to make decisions without political interference. On Thursday, Trump named Miran , who currently chairs the White House Council of Economic Advisers, to fill the Fed board seat vacated by Adriana Kugler. Kugler stepped down before her term was set to end in January, and as Cryptopolitan predicted earlier, Trump would use this opportunity to reshape the Fed . Miran is best known for crafting a proposal before joining the administration, nicknamed the “Mar-a-Lago Accord,” aimed at reducing the U.S. trade deficit. But it is his 2024 co-authored paper proposing sweeping reforms to the Fed that is now getting renewed attention. In a research note Friday, JPMorgan’s chief economist Bruce Kasman and his team outlined the paper’s key recommendations. These include granting the U.S. president the authority to fire Federal Reserve board members and regional bank presidents at will, giving Congress control of the Fed’s budget, and transferring the Fed’s oversight of banks and markets to the Treasury Department. “There is little doubt that the consequence of these reforms would be to materially increase the influence of the president over U.S. monetary and regulatory policy,” the analysts wrote. Such measures would require congressional approval, and JPMorgan noted there is no clear sign lawmakers are ready to back such far-reaching changes. Still, Miran will join the Fed’s board with a detailed 2024 reform agenda. His paper accused the central bank of “groupthink” and expanding beyond its original purpose, claiming that his proposed changes would actually safeguard its independence, a view JPMorgan disputes. “The main threat to the Fed independence is not politically motivated turnover shifting the outcome of votes,” the analysts said. “Rather, the appointment fuels an existential threat as the administration looks likely to take aim at the Federal Reserve Act to permanently alter U.S. monetary and regulatory authority.” A Trump administration official said that statements made by appointees before entering the administration do not reflect official policy positions. Concerns are growing over Congress’s power to reshape the Federal Reserve Congress has the legal authority to change the Fed’s mission and powers. Last month, Wharton finance professor Jeremy Siegel told CNBC that Chair Jerome Powell might need to resign if he wants to protect the central bank’s long-term independence. Siegel warned that if the economy falters, Trump could make Powell a “perfect scapegoat” and push Congress to grant the White House more control over the Fed. He noted that the Federal Reserve, created by the Federal Reserve Act of 1913, is not mentioned in the Constitution and has had its powers altered by Congress multiple times. Senator Bernie Moreno, a Republican of Ohio, indicated last week that he is open to revising the Federal Reserve Act. His targets include the interest the Fed pays on bank reserves and its dual mandate. However, Moreno also said he supports the concept of central bank independence. JPMorgan analysts said the Fed still enjoys enough backing in the Senate to make major legislative changes difficult, given the 60-vote threshold needed to bypass a filibuster. Even so, the bank’s analysts believe the Fed will treat the threat to its independence seriously and may seek to defend it by making some concessions to the White House and Congress. A tilt toward easier monetary policy could happen under persistent calls from the White House to lower interest rates. Rates have stayed steady as the Fed monitors inflation risks, particularly from Trump’s tariffs. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .