18 Jul 2025, 09:31

$1,000 invested in XRP when Gary Gensler left SEC is now worth this much

The departure of Gary Gensler from the U.S. Securities and Exchange Commission (SEC) has coincided with a powerful rally in XRP , the cryptocurrency at the heart of a long-standing legal battle with the regulator he once led. On January 20, 2025, the day Gensler officially stepped down as SEC Chair, XRP was trading at $2.95. As of July 18, the token has surged to $3.41, marking a 15.42% gain over six months. XRP price since Gensler resigned. Source: CoinMarketCap That means a $1,000 investment in XRP on the day Gensler exited the SEC is now worth $1,154, netting a return of $154 in just under 180 days. This follows months of bullish momentum that began building after Gensler’s resignation announcement back in November 2024, when XRP was trading around $1.10. From that November 21 price level, XRP has now climbed over 209%. XRP price since Gensler announced he would resign. Source: CoinMarketCap XRP trading volume In parallel, XRP’s trading volume has remained elevated. Over the last 24 hours, the token saw $22.81 billion in trading activity, up 91% compared to the previous day while its market cap has topped $201.8 billion, placing it firmly as the third largest cryptocurrency by market cap, behind only Bitcoin ( BTC ) and Ethereum ( ETH ). On-chain data from Santiment and Ali Martinez recently showed that whales holding between 100 million and 1 billion XRP have been aggressively adding to their positions, driving both price and market cap upward. Moreover, XRP’s price action since January shows a breakout from months of consolidation, firmly decoupling from broader crypto stagnation and rising nearly 490% year-over-year. While correlation doesn’t equal causation, the timing of Gensler’s resignation and XRP’s subsequent price surge has not gone unnoticed by market watchers. With the SEC’s posture toward digital assets now in flux and the broader market continuing to rally, many investors view XRP as a strategic bet on regulatory normalization and institutional acceptance. As of July 18, XRP is trading at $3.41, just under its all-time high of $3.84 set in January 2018. If the current momentum holds and ETF optimism spreads beyond Bitcoin and Ethereum, XRP may soon challenge its historical peak, making that $1,000 bet from January look even smarter in hindsight. The post $1,000 invested in XRP when Gary Gensler left SEC is now worth this much appeared first on Finbold .

18 Jul 2025, 09:30

Crypto Tax Exemption: Unlocking a Promising Future for Digital Payments in the US

BitcoinWorld Crypto Tax Exemption: Unlocking a Promising Future for Digital Payments in the US Imagine using cryptocurrency to buy your morning coffee, a small online subscription, or even a digital game. Sounds seamless, right? In reality, for many, every single one of these micro-transactions could trigger a taxable event, turning a simple purchase into a complex accounting headache. This burdensome reality has long been a major barrier to the widespread adoption of digital assets for everyday use. But there’s promising news on the horizon: the White House is signaling continued support for a crypto tax exemption for de minimis transactions, a move that could significantly streamline how we use digital currencies. What Exactly is the De Minimis Rule Crypto Exemption, and Why Does It Matter? The term “de minimis” comes from the Latin phrase “de minimis non curat lex,” meaning “the law does not concern itself with trifles.” In the context of taxation, a de minimis exemption allows small amounts of income or gains to be excluded from tax reporting requirements. While common in other areas of finance – for instance, a small amount of foreign currency gain might be exempt – it has been notably absent for cryptocurrency until now. For cryptocurrency, this exemption is crucial. Currently, if you use Bitcoin to buy a $5 gift card and that Bitcoin has appreciated by even a few cents since you acquired it, you theoretically owe capital gains tax on that tiny profit. Tracking hundreds, if not thousands, of such micro-transactions over a year becomes an accounting nightmare for individuals and a deterrent for merchants considering accepting crypto. A de minimis rule crypto exemption would simplify this process immensely, making it practical to use crypto as a medium of exchange rather than just an investment vehicle. Key aspects of a potential de minimis exemption for crypto: Simplified Reporting: Eliminates the need to track tiny gains on everyday purchases. Encourages Adoption: Makes cryptocurrency more user-friendly for daily transactions. Reduces Burden: Alleviates the tax compliance load for individuals and small businesses. Fosters Innovation: Creates a more fertile ground for crypto-based payment solutions to flourish in the U.S. White House Crypto Policy: A Clear Signal for Everyday Payments In a recent media briefing, Press Secretary Karoline Leavitt confirmed the White House’s ongoing commitment to supporting de minimis tax exemptions for cryptocurrency transactions. This reiteration underscores the administration’s broader aim to integrate crypto payments seamlessly into everyday life. This isn’t a new stance; the Trump administration has consistently expressed interest in fostering an environment where digital assets can be used without unnecessary friction. The current White House crypto policy reflects a growing recognition that for digital currencies to achieve their full potential as a medium of exchange, the existing tax framework needs to adapt. Officials are actively exploring various legislative pathways to enshrine this exemption into future U.S. laws. This proactive approach suggests a serious intent to move beyond discussions and towards concrete policy implementation, which is a significant positive for the crypto community. This support follows previous attempts by lawmakers to introduce similar measures. For example, Senator Cynthia Lummis, a vocal proponent of clear crypto regulation, made an unsuccessful bid to incorporate a crypto tax exemption for gains under $300 into the recently enacted One Big Beautiful Bill Act. While that particular effort didn’t pass, the White House’s continued backing indicates that the idea itself has strong bipartisan support and remains a high priority. Understanding Cryptocurrency Taxes: How This Could Change Your Digital Wallet Experience Currently, the IRS treats cryptocurrency as property for tax purposes, similar to stocks or real estate. This means that every time you sell, trade, or use crypto to purchase goods or services, it’s considered a taxable event. You’re required to calculate your capital gain or loss based on the difference between the fair market value of the crypto at the time of the transaction and your cost basis (what you originally paid for it). For those new to the space or simply trying to navigate their digital assets, cryptocurrency taxes can be incredibly complex. Imagine the scenario: You buy 0.001 BTC for $50. A month later, you use that 0.001 BTC to buy a $55 coffee. You just realized a $5 capital gain, which you need to report. Now multiply that by dozens or hundreds of small transactions throughout the year. The administrative burden quickly becomes overwhelming. A de minimis exemption would free users from this reporting nightmare for small transactions, allowing them to use crypto like cash without the constant worry of tax implications. This shift would fundamentally alter the user experience, making crypto wallets far more practical for daily spending. The proposed exemption would likely apply to capital gains on transactions below a certain threshold, such as $50 or $200, which has been debated in various legislative proposals. This targeted relief would specifically address the micro-transaction problem, paving the way for broader merchant adoption and everyday utility. What Does This Mean for US Crypto Regulation? The White House’s stance on de minimis exemptions is a significant indicator for the future of US crypto regulation . It suggests a pragmatic approach, focusing on removing barriers to innovation and adoption rather than solely on stringent controls. This move could be part of a broader strategy to ensure the U.S. remains competitive in the global digital asset landscape. A clear, favorable stance on such a fundamental tax issue sends a strong signal to innovators, investors, and the general public that the government is serious about integrating digital assets into the mainstream economy. It could: Boost Innovation: Encourage startups to build payment solutions leveraging crypto. Attract Investment: Make the U.S. a more attractive destination for crypto businesses. Increase Adoption: Lead to more merchants accepting crypto and more consumers using it. Set a Precedent: Potentially influence other countries to adopt similar user-friendly tax policies. While the legislative path is often winding, the clear support from the executive branch provides significant momentum. It demonstrates a willingness to address the practical challenges faced by crypto users and businesses, potentially setting a positive tone for other forthcoming regulatory frameworks, including stablecoin legislation and market structure rules. The Path Forward for Crypto Tax Exemption While the White House’s consistent backing for a crypto tax exemption is a major step, the actual implementation requires legislative action. This means working with Congress to draft and pass a bill that incorporates the de minimis provision. The process can be slow, involving debates over the exact threshold, scope, and effective date of the exemption. Key considerations for lawmakers will include: Threshold Amount: Determining the maximum gain that can be exempted (e.g., $50, $200, $600). Transaction Type: Specifying whether it applies to all transactions or only certain types (e.g., purchases of goods/services). Anti-Abuse Provisions: Ensuring the exemption isn’t exploited for large-scale tax avoidance. Bipartisan Support: Building consensus across political divides to ensure passage. The fact that officials are “exploring legislative pathways” suggests that concrete proposals are being developed or refined. This ongoing dialogue between the executive branch and Capitol Hill is essential for translating policy intentions into actionable law. The collective effort aims to make crypto more accessible and usable for the average American, moving it beyond a niche investment and into a practical payment method. The White House’s consistent backing for a de minimis crypto tax exemption marks a pivotal moment for the digital asset ecosystem in the United States. By addressing one of the most significant practical barriers to everyday crypto use, this policy shift has the potential to unlock a new era of mainstream adoption, innovation, and financial freedom. While legislative hurdles remain, the clear signal from the executive branch offers immense hope for a future where using cryptocurrency is as simple and straightforward as using traditional money. This isn’t just about tax relief; it’s about paving the way for a more integrated and user-friendly digital economy. To learn more about the latest crypto market trends and evolving US crypto regulation, explore our articles on key developments shaping cryptocurrency taxes and institutional adoption. This post Crypto Tax Exemption: Unlocking a Promising Future for Digital Payments in the US first appeared on BitcoinWorld and is written by Editorial Team

18 Jul 2025, 09:19

Thumzup to invest $250M in crypto treasury

The Board of Directors at Thumzup Media Corp. approved the company’s holding of up to $250M in crypto on July 17. The company will diversify its crypto portfolio to include Bitcoin (BTC), Ether (ETH), Ripple (XRP), Stablecoin (USDC), Solana(SOL), Dogecoin (DOGE), and Litecoin (LTC). Thumzup CEO Robert Steele said the company was committed to staying at the forefront of crypto as the U.S. government sought to bring more regulatory clarity and crypto-friendly policies. He added that diversifying the company’s crypto portfolio allowed it to gain greater general exposure to the crypto space. Steele believes the company is well-positioned to create value for TZUP shareholders. Donald Trump Jr. owns roughly 350K of Thumzup’s shares valued at over $4M. The California-based firm currently holds about 19 BTC worth over $2.3M. It also plans to make heavy investments in major altcoins, whose allocations per coin have yet to be specified. The company’s expansion of its crypto treasury beyond Bitcoin parallels the growth of its AdTech platform. Steele says shareholders come first The company’s CEO said the decision to increase crypto holdings was in the best interest of shareholders. He added that expanding beyond Bitcoin to include other altcoins made sense. The company plans to purchase the crypto using $6.5 million raised earlier this month. It will also accelerate Bitcoin accumulation to make 90% of its crypto assets in BTC . Thumzup also established a BTC-backed credit facility with Coinbase Prime to give the company flexible access to “non-dilutive working capital” while executing its strategy to accumulate more Bitcoin. The company’s team believes that demand for the limited supply of Bitcoin will only continue to drive prices higher. Thumzup plans to pay its users in BTC to post about local businesses they love. “Thumzup’s decisive actions demonstrate our Board of Directors’ ongoing commitment to protect and create long-term value for our shareholders…We are proud to see such momentum and are looking forward to the path ahead.” – Robert Steele , CEO at Thumzup Thumzup recently announced that it had surpassed 1K advertiser locations and achieved a compound annual growth rate (CAGR) of 218%. The company’s CEO said surpassing 1K advertiser locations on the Thumzup app was a major milestone that validated the increasing demand for the platform. He also added that the continued expansion of his company’s technological innovation and market was driving strong adoption, reaching over 535 million active users every month on X and Instagram. Thumzup believes crypto will enhance its financial flexibility Steele claimed that his company’s expansion into other cryptocurrencies aligned with its commitment to innovative treasury management. He added that the diversified approach to crypto would enhance the company’s financial flexibility as it continued to grow its advertiser base. The Board’s recent resolution gave management the authority to assess the potential requirements and benefits of diversifying the company’s crypto portfolio. The Thumzup CEO also mentioned that the S&P 500 went down while Bitcoin surged following President Trump’s recent tariff announcements. He added that this further solidified the thesis that Bitcoin was becoming “digital gold.” As of publication, BitcoinTreasuries’ data showed that 272 companies held BTC, an increase of 24 entities in the past 30 days. The amount of BTC in treasuries also went up 2.62% (+$3.54 million) in the last 30 days. All the companies combined held over 860K BTC worth over $100 billion in their treasuries. The U.S. led the countries with the most entities holding BTC. The country currently has 49 public companies, 22 private companies, two government entities, 16 exchanges and BTC ETFs, and one DeFi entity holding BTC. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

18 Jul 2025, 09:18

SEC Considers Innovation Exemption to Support Ethereum and On-Chain Financial Markets Post-Stablecoin Bill

🚀 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! The SEC is

18 Jul 2025, 09:00

Crypto Retirement Plans: Trump’s Historic Order Unlocking Digital Assets for Your Future

BitcoinWorld Crypto Retirement Plans: Trump’s Historic Order Unlocking Digital Assets for Your Future Are you looking for innovative ways to secure your financial future, perhaps even venturing beyond traditional stocks and bonds? The world of retirement planning is on the cusp of a potentially revolutionary shift, and it’s being driven by a surprising source: a prospective executive order from U.S. President Donald Trump. Imagine a future where your Crypto Retirement Plans aren’t just a dream, but a tangible reality within your 401(k) or other retirement vehicles. This is precisely what’s being discussed, promising to reshape how Americans approach long-term wealth building. What’s Happening: Trump’s Game-Changing Crypto Executive Order The financial world is buzzing with reports that U.S. President Donald Trump is poised to sign an executive order that could fundamentally alter the landscape of retirement investing. According to sources like Crypto Briefing, this order aims to remove existing barriers, paving the way for the inclusion of both cryptocurrencies and gold in established retirement plans, such as the widely popular 401(k)s. This isn’t just a minor tweak; it’s a directive that could compel regulators to review and eliminate the hurdles that have, until now, largely kept these alternative assets out of mainstream retirement portfolios. For years, investing in digital assets like Bitcoin or Ethereum within a regulated retirement account has been fraught with complexities, often requiring specialized, self-directed IRAs that come with their own set of rules and limitations. Similarly, direct physical gold investments in 401(k)s have faced stringent regulations. This anticipated Trump Crypto Executive Order signifies a potential top-down push to legitimize and integrate these assets into the core of American retirement savings, offering a new dimension of diversification and growth potential for millions of investors. The implications are vast, suggesting a future where: Easier Access: Individuals might find it simpler to allocate a portion of their 401(k) or similar plans to cryptocurrencies and gold without navigating complex, niche investment vehicles. Regulatory Clarity: The order would likely compel agencies like the Department of Labor and the IRS to provide clearer guidelines, reducing the ambiguity that has often deterred mainstream financial institutions from offering these options. Increased Adoption: With clearer pathways, more fund providers and employers might begin to offer crypto and gold options, leading to broader adoption across the retirement savings ecosystem. This move, if enacted, underscores a growing recognition of digital assets and precious metals as legitimate components of a diversified investment strategy, even at the highest levels of government. Why Consider Digital Assets for Your Retirement? The idea of holding Digital Assets Retirement accounts might seem novel to some, but it’s a concept gaining significant traction among investors seeking diversification and inflation protection. Cryptocurrencies, despite their volatility, have demonstrated remarkable growth potential over the past decade, often outperforming traditional asset classes. Gold, on the other hand, has historically served as a reliable store of value and a hedge against economic uncertainty and inflation. Benefits of Including Digital Assets and Gold: Diversification Beyond Traditional Assets: Stocks and bonds are correlated; when one goes down, the other often follows. Cryptocurrencies and gold, however, often exhibit low correlation with traditional markets, meaning they might move independently, potentially reducing overall portfolio risk. Inflation Hedge: In times of rising inflation, the purchasing power of fiat currencies erodes. Gold has long been a classic inflation hedge, and many argue that Bitcoin, with its capped supply, could serve a similar purpose in the digital age. Potential for High Growth: While past performance is not indicative of future results, the growth trajectory of leading cryptocurrencies has been exponential. Allocating a small portion of a retirement portfolio could offer exposure to significant upside potential. Accessibility and Liquidity (for Crypto): Digital assets can be traded 24/7 on global exchanges, offering unparalleled liquidity compared to some traditional assets. Challenges and Considerations: It’s crucial to approach this with a balanced perspective. While the benefits are compelling, there are significant challenges: Volatility: Cryptocurrencies are notoriously volatile. Significant price swings, both up and down, are common. This inherent risk needs to be carefully weighed, especially for long-term retirement planning. Regulatory Uncertainty: While the executive order aims to reduce barriers, the regulatory landscape for digital assets is still evolving. Future regulations could impact their value or accessibility. Security Risks: Storing digital assets requires robust security measures to prevent hacking or loss. Custody solutions for retirement accounts would need to be extremely secure. Complexity: Understanding the nuances of various cryptocurrencies and blockchain technology can be complex, requiring significant due diligence from investors. For many, the appeal of incorporating these assets lies in their potential to enhance long-term returns and provide a hedge against economic instability, especially in an era of unprecedented monetary expansion. Gold in 401(k)s: A Time-Tested Alternative Investment While cryptocurrencies represent the new frontier, the inclusion of Gold in 401k plans is a re-affirmation of a time-honored investment strategy. Gold has been a staple in investment portfolios for centuries, revered for its stability and intrinsic value. Its appeal as a ‘safe-haven’ asset often shines during periods of economic uncertainty, geopolitical instability, or high inflation, when traditional paper assets may falter. Currently, investing in gold within a 401(k) typically involves indirect methods, such as investing in gold ETFs (Exchange Traded Funds) or mutual funds that hold gold mining stocks. Direct ownership of physical gold within a 401(k) or IRA requires a self-directed account and specific custodians, and the physical gold must be stored in an approved depository. The anticipated executive order could streamline this process, making it easier for mainstream 401(k) providers to offer direct gold exposure. Why is gold still relevant, especially alongside emerging digital assets? Tangible Asset: Unlike digital currencies or paper money, gold is a physical commodity with a finite supply, offering a sense of security and tangibility. Inflation Protection: As mentioned, gold has historically maintained its purchasing power during inflationary periods, serving as a reliable hedge. Diversification: Gold’s price movements often have a low correlation with stocks and bonds, making it an excellent diversifier that can reduce overall portfolio risk during market downturns. Global Acceptance: Gold is universally recognized and accepted as a store of value, providing liquidity across borders. The move to ease access to gold within retirement accounts signals a broader acceptance of alternative investments and a recognition of the need for robust diversification in today’s unpredictable economic climate. It complements the push for crypto, offering a blend of traditional and cutting-edge diversification. Navigating the Future: How to Invest in Crypto 401(k)s While the executive order is a crucial first step, the actual implementation of allowing you to directly Invest in Crypto 401k plans will involve several stages. Financial institutions, custodians, and regulators will need to establish clear frameworks, security protocols, and educational resources. For investors, understanding how to approach this new opportunity responsibly will be paramount. Actionable Insights for Prospective Investors: Stay Informed: Keep a close watch on regulatory developments. The specifics of how cryptocurrencies and gold will be integrated into 401(k)s will depend on the detailed guidelines issued by relevant agencies. Assess Your Risk Tolerance: Cryptocurrencies, in particular, carry significant risk due to their volatility. Before considering any allocation, honestly evaluate your comfort level with potential losses. Retirement savings are long-term, but extreme volatility can be unsettling. Start Small and Diversify: If and when these options become available, consider allocating only a small percentage of your overall retirement portfolio to these alternative assets. Diversification remains key; don’t put all your eggs in one basket, no matter how promising it seems. Research Custodians and Providers: Not all 401(k) providers may immediately offer crypto or gold options. Research which platforms and custodians are equipped to handle these assets securely and compliantly. Look for those with a strong track record in asset security and regulatory adherence. Seek Professional Advice: Consult with a qualified financial advisor who understands both traditional and digital asset markets. They can help you integrate these new options into your overall financial plan, ensuring it aligns with your long-term goals and risk profile. Understand Tax Implications: While 401(k)s offer tax-advantaged growth, the specific tax treatment of crypto and gold within these plans will need to be clearly understood. The ability to invest in crypto and gold within retirement plans represents a significant shift towards greater financial freedom and expanded investment choices. It acknowledges the evolving financial landscape and the growing demand from investors for access to a broader range of assets. The Road Ahead: What This Means for Your Retirement The potential executive order allowing Crypto Retirement Plans and gold investments marks a pivotal moment for the future of personal finance. It signals a governmental acknowledgment of digital assets and precious metals as legitimate components of a robust investment strategy, potentially opening doors to billions of dollars flowing into these markets through traditional retirement vehicles. This development could lead to increased institutional adoption of cryptocurrencies, as 401(k) providers and asset managers build the infrastructure to support these offerings. For the average American saver, it means greater flexibility and potentially higher returns, albeit with increased risk. It empowers individuals to take more control over their financial destiny, moving beyond the confines of conventional investment options. Ultimately, this executive order, if signed, won’t instantly change everyone’s retirement portfolio. But it sets the stage for a future where diversification truly means exploring every viable asset class, old and new. It’s an exciting prospect for anyone looking to fortify their retirement savings against economic shifts and embrace the innovation of the digital age. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption. This post Crypto Retirement Plans: Trump’s Historic Order Unlocking Digital Assets for Your Future first appeared on BitcoinWorld and is written by Editorial Team

18 Jul 2025, 09:00

SharpLink Aims for 1M ETH While Revenue Shrinks

BTC Digital also shifted its core strategy from Bitcoin to Ethereum, joining a growing list of firms holding ETH. This accumulation, along with record-breaking ETF inflows and favorable macro conditions, sparked optimism for a potential ETH rally to $10,000. Analysts point to decreasing supply, increased staking, and Ethereum’s growing role in decentralized finance as key catalysts. SharpLink Loads Up on ETH SharpLink Gaming, a company backed by Ethereum co-founder Joseph Lubin, dramatically ramped up its Ethereum acquisition strategy by adding $515 million worth of ETH to its treasury in just nine days. In a recent filing with the US Securities and Exchange Commission (SEC), SharpLink announced it will increase its share offering to $6 billion, up from $1 billion in a previous May 30 filing. The majority of the proceeds will go toward buying ETH as part of the company’s aggressive crypto treasury strategy. SharpLink stated that the funds will also be used for working capital, general corporate purposes, operating expenses, and affiliate marketing operations. With this move, the company is signaling its intent to potentially hold up to 1 million ETH, according to recent posts on X . As of Tuesday, SharpLink accumulated over 280,000 ETH, with 99.7% of it staked, and generated 415 ETH in staking rewards worth approximately $1.49 million between June 2 and July 15. After the new filing, the company purchased an additional 32,892 ETH valued at $115 million. This brought its total recent purchases to over half a billion dollars. Galaxy Research pointed out that SharpLink now holds more ETH than the Ethereum Foundation itself, and called the development a positive catalyst for the Ethereum ecosystem. Despite the bold accumulation strategy, SharpLink’s stock (SBET) declined by 2.62% on Thursday, closing at $36.40 and falling by about 4.95% to $34.60 in after-hours trading. The stock is still up 350% year-to-date. Financially, the company reported a 24% year-on-year revenue drop in the March quarter, alongside a 110% decline in its net profit margin. SharpLink stock price over the past 24 hours (Source: Google Finance ) SharpLink is expected to release its next quarterly results on Aug. 13. BTC Digital Swaps Bitcoin for Ethereum Ethereum is also attracting the attention of other companies. BTC Digital, a blockchain technology and mining company, announced a complete strategic pivot to Ethereum as its core asset. The firm revealed this shift alongside the closure of a $6 million financing round. As part of its new direction, BTC Digital disclosed a fresh $1 million Ethereum purchase and shared details about plans to convert all of its current and future Bitcoin holdings into ETH. The company plans to build a long-term, on-chain Ethereum-based asset pool to support mid- and long-term growth initiatives. Announcement from BTC Digital CEO Siguang Peng described Ethereum as the leading platform for decentralized finance, real-world asset tokenization, and scalable smart contract innovation. BTC Digital now plans to grow its ETH reserves into the tens of millions of dollars by year-end and intends to generate returns through ETH staking, participation in DeFi protocols, stablecoins, and real-world asset projects. Transitioning away from its previous mining-centered model, BTC Digital is now positioning itself as a digital asset operator that is focused on productive, yield-generating Ethereum-based strategies. This includes launching ETH-backed yield pools, building stablecoin infrastructure, and expanding into DeFi, NFTs, and Ethereum layer-2 ecosystems. The company’s stock saw little immediate reaction to the announcement, and dipped slightly to close at $3.44 on Thursday. BTC Digital stock price over the past 24 hours (Source: Google Finance ) BTC Digital now joins the list of companies building Ethereum treasuries, including SharpLink, BitMine, Bit Digital, and Blockchain Technology Consensus Solutions. Together, these firms now hold around 714,000 ETH, which is valued at approximately $2.4 billion, according to data from StrategicEthReserves.XYZ . $10K ETH Possible… Ethereum’s surge to $3,600 on Thursday seems well-supported by strong macro and market fundamentals. This is according to ZX Squared Capital partner Felix Xu. In an interview , Xu argued that recent data contradicts the likelihood of a sharp price reversal. A key driver, he said, is the growing demand for US spot Ether ETFs, which saw a record-breaking $727 million in inflows on Wednesday alone. This was the largest single-day figure since trading began in July of 2024. These coins are being moved into cold storage, making them unavailable for immediate resale and reducing the circulating supply. Xu also pointed to a favorable macro backdrop, particularly the uncertainty surrounding the US Federal Reserve’s monetary policy. Despite a slight uptick in June’s CPI, he pointed out that continued pressure from President Donald Trump on Fed Chair Jerome Powell to cut interest rates up to three percentage points adds a dovish tilt, which is generally positive for risk assets like Ethereum. ETH’s price action over the past month (Source: CoinMarketCap ) While ETH has climbed 45% over the past 30 days, Xu believes a target of $10,000 by year-end is optimistic. Historically, ETH only achieved similar gains during exceptional bull runs, like the 2017 ICO boom and the 2020–21 DeFi explosion. However, Xu still acknowledged that a surprise sprint to five digits could happen if several bullish factors align: sustained ETF inflows, the addition of staking to ETFs, a risk-on market shift, and increased Ethereum adoption via restaking, layer-2s, and new applications that lock ETH out of circulation. Sapien co-founder Trevor Koverko agrees with this, and suggested that while $10,000 is ambitious, it isn’t out of reach if macro tailwinds stay favorable and Ethereum continues cementing itself as the infrastructure for the next generation of finance. He added that Ethereum no longer feels like a speculative asset but rather a programmable digital foundation. Some analysts, like Mikybull Crypto, projected a price range between $7,000 and $10,000 based on technical indicators like RSI.