Bitcoin Surges Past $121K: Is a Run Toward $140K Next?
Currently trading between $111,000 and $122,000, Bitcoin has gained more than 11% over the past week and nearly 15% in the last month. Technical indicators suggest a breakout past the $126,000 resistance could open the door to $137,000 and beyond—marking a potential 12% rise from current levels. The flagship cryptocurrency has already seen a 25% upswing over six months, reinforcing its position as the dominant force driving market optimism.
For investors looking to ride the wave and diversify into early-stage opportunities, Best ICO List offers a curated selection of the top upcoming token presales and new crypto projects worth exploring.
With strong price action and growing market confidence, Bitcoin's path toward $140,000 looks increasingly viable. A decisive break above $126K could be the catalyst for the next major rally. As this momentum builds, altcoins are expected to follow suit—making now a key moment to track the broader market and spot emerging trends.
Stay informed about promising new tokens and presales by visiting besticolist.com — your trusted source for discovering high-potential crypto projects before they list.
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Time Business News
2 hours ago
- Time Business News
Bitget Review 2025 – Is This Crypto Exchange Safe, Legit, and Worth It?
What is Bitget? Understanding the Platform's Purpose and Position Bitget is a rapidly expanding cryptocurrency exchange that offers multiple services such as spot trading, futures trading, staking, and sophisticated copy trading. It was introduced in 2018, and since then, it has become a serious rival to exchanges like Binance and Bybit in both Asian and Western markets. This Bitget Review will explore the platform's unique features and its growing popularity. While Bitget can sometimes be mistakenly referred to in variations such as 'bitgate,' 'bitgetr,' 'biget,' or even 'bidget,' it remains a reliable platform. Platforms like Wellcrypto provide comparisons to help users make informed decisions in this competitive landscape. Bitget has over 20 million users worldwide, boasts deep liquidity, a beautiful user interface, and supports hundreds of cryptocurrencies. Bitget Reputation and User Opinions The reputation of Bitget in the international cryptocurrency community is good. The reviews of the Bitcoin exchange in such platforms as Trustpilot, Reddit, and crypto communities note the stability of the infrastructure, quick trade execution, and the proficiency of customer service. Though certain users have reported minor issue with the UI, or delays with KYC procedures, it is not uncommon to exchanges of the mentioned scale. There is high traffic of Spanish-speaking users searching using the terms such as bitget exchange opiniones, indicating an increase in the number of users across Latin America and Europe. French reviewers labeled as avis bitget echo the same feelings especially concerning the UI which had some room to improve. On automated trading network reviews (Trustpilot), Bitget has a satisfactory score on customer satisfaction along with its performance stability on its network (uptime). Is Bitget Safe and Legit? Security, Licensing, and Compliance The legitimacy and security of a crypto exchange are some of the most urgent questions that should be answered prior to making a choice. So, is Bitget legit or not? Yes. Bitget is regulated exchange that has multi country operational issued license like Canada, Lithuania and Australia. It does not have a US license yet, but its international model is compliance- and visibility-oriented. Is Bitget safe? Bitget has cold wallet storage, 2fa security and anti-phishing codes. They also have a protection fund which is 300 million and that is what will insure the users in the event of security breaching. To sum it up, Bitget can be considered solid in terms of legitimacy and security it provides at an international scale. Bitget in the USA: Legal Standing and Availability The question of whether Bitget is legal in the USA arises regularly among the prospective users. The twist is that Bitget does not have a license in the US, which is why it is not available in the country to a very large extent. Nevertheless, it is not forbidden as well. Is it possible to use Bitget in the US? Technically true but users are advised to be cautious and check on local regulations so that they are not in violation. Technically true but users are advised to be cautious and check on local regulations so that they are not in violation. Does Bitget operate in USA? Yes, they might not be able to access all the things especially derivatives by the customers in the US. Yes, they might not be able to access all the things especially derivatives by the customers in the US. Popular keywords like Bitget in USA, Bitget US customers and Bitget US indicate the increasing need of the American customers to find alternatives to Coinbase and Binance US. Bitget Malaysia and Global Presence The growth of Bitget to Southeast Asia is interesting as well. Bitget has established strategic partnerships in Malaysia to have a better regional presence and attract the interests of both institutional investors and tech-savvy individuals. As highlighted in this Bitget Review, it has a global vision with operations across Asia, Europe, Latin America, and even in sections of North America due to its multilingual interface and global staff. This will make Bitget a great platform where users seek regions to be served together with external liquidity. Bitget Copy Trading Review: Features and Performance Bitget is, perhaps, best known for its copy trading feature that gives users the opportunity to copy the trades of market-leading professionals. New users are also allowed to see metrics such as ROI, trade history, and drawdown before copying any trader. are also allowed to see metrics such as ROI, trade history, and drawdown before copying any trader. Professional traders will have the opportunity to receive a passive income by letting other traders follow them. When it comes to Bitget copy trading, one of the main factors highlighted by the users in all the various Bitget copy trading review is that the platform reduces asymmetries of knowledge and publishes a more secure method of trading to the novices who do not want to risk their holdings with the do-it-yourself approach. Bitget vs. Other Exchanges: Binance, Bybit, and More Let's compare Bitget with some of the industry's big players: Feature Bitget Binance Bybit Copy Trading ✅ ❌ ✅ Futures Trading ✅ ✅ ✅ Regulation ✅ (multiple regions) ✅ ✅ US Access ⚠️ Limited ⚠️ Limited ❌ UI/UX Sleek Advanced Sleek While Binance vs Bitget shows Binance leading in ecosystem size, Bitget excels in copy trading and simplicity. Similarly, Bybit vs Bitget is neck and neck, though Bitget wins in regulatory transparency and regional licensing. For those considering Bitget Pro or Bitget Fit, these branded service tiers offer tools tailored to high-frequency traders and fitness-related token initiatives respectively, though these are still in the early stages of user adoption. Bitget Logo, Branding, and User Interface Creating what can be described as an aggressive, progressive brand image is the Bitget logo. It has the right branding that goes along with its mission, being professional, secured and innovative. The UI/UX is clear and responsive and can be used on desktops and mobile applications. Trading is easy to navigate, and all users, both new to crypto and established traders, will be satisfied with well-designed charts and special orders. Common Scams and Imitators to Avoid Be careful with sites such as it is not the same place as Bitget, and it was mentioned in scam warnings. Never use URLs without verification and private keys and passwords should never be shared. Well, the question is, is legit? The reply is that definitely not. Remain on the tried and tested website: Final Thoughts: Is Bitget a Good Exchange for You? So, is Bitget a good exchange? Bitget is an excellent alternative to the mainstream giants and especially to those users that are not living in the US. It also combines rich functionalities such as copy trading with the high level of security, regulatory clarity, and user-friendliness. Although it is not even close to Binance in terms of volume or Coinbase in terms of regulation yet (at least in the US), Bitget is rapidly en route to becoming one of the most reliable in the medium tier in the world. FAQs About Bitget 1. Is Bitget a legitimate exchange? Yes, Bitget is licensed in several jurisdictions and the structure of operation is transparent. 2. Can I use Bitget in the United States? The access is restricted in US. The US users may also not have access to some of these features because of regulations. 3. What makes Bitget stand out from Binance and Bybit? It has the best aspect of copy trading, as well as simple and clear regulatory pathway. 4. Is Bitget secure? Yes. Bitget has a security level that is characterized by enhanced mechanisms, cold storage, and a security shield. 5. Is Bitget good for beginners? Absolutely. The firm provides both the entry level and advanced appliances thus anyone can utilize it. TIME BUSINESS NEWS
Forbes
4 hours ago
- Forbes
Bitcoin Mining Gets A Major Power Boost. Here's What Comes Next
The U.S. bitcoin mining industry just got its most disruptive upgrade yet. On August 14, 2025, Block unveiled Proto Rig, a modular, repairable, and upgradable bitcoin mining system, alongside Proto Fleet, a free and open-source fleet management software platform. The announcement took place at Core Scientific's bitcoin mining facility in Dalton, Georgia, where Proto Rigs are already in use. It comes at a high point for the industry, just one day after Bitcoin hit a record $124,457.12 and 24 hours after crypto exchange Bullish's explosive IPO. Proto is owned by Block, co-founded by Jack Dorsey, the creator of Twitter (now X). Block's portfolio includes Square, Cash App, Afterpay, Tidal, and Bitkey. The timing could not be more telling. Institutional enthusiasm for digital assets is rising, and the U.S. regulatory climate has grown friendlier, even as the economics of mining face more pressure from bitcoin's quadrennial halving. In this environment, Block's launch of mining hardware and software reads as a deliberate bid to address the industry's deepest pain points. Chinese Bitcoin Mining Hardware Giants Shift To U.S. Production Amid Tariffs For more than a decade, the global bitcoin mining hardware market has been overwhelmingly dominated by Chinese manufacturers such as Bitmain and MicroBT, whose ASIC rigs account for the vast majority of machines in operation worldwide. These units are known for high hash power but typically designed as short-lived, single-use machines that are expensive to replace, difficult to repair, and offer little flexibility for upgrades. The three largest Chinese bitcoin mining manufacturers are setting up U.S. production to avoid newly imposed tariffs from President Donald Trump. Together, they control over 90% of the global market, raising U.S. security concerns about reliance on Chinese hardware in critical crypto infrastructure. Block's Proto Rig Promises Decade-Long Lifespan And Game-Changing Mining Efficiency Proto Rig flips the current model on its head, offering a 10-year lifespan with modular hashboards, 90-second tool-free repairs, and upgrades on the operator's schedule. It delivers 1.5 times the power efficiency per foot of rack space and is compatible with both modern and legacy infrastructure, eliminating costly retrofits. 'Mining hardware hasn't really changed in years,' said Thomas Templeton, Block's hardware lead. 'Machines break often, are hard to repair, expensive and time-consuming to upgrade, and don't make the most efficient use of power or space. With Rig, we set out to change all of that — and contribute to hardware decentralization in the process.' By treating mining equipment as infrastructure instead of disposable gear, Block is giving operators a way to smooth capital expenditures over a longer period. For miners facing revenue cuts every four years, the ability to extend the lifecycle of a rig from three to five years to a decade could prove transformative. Free Open-Source Proto Fleet Software Launches To Modernize Bitcoin Mining Operations Proto Fleet promises to be just as groundbreaking as the hardware. This open-source software brings power scaling, diagnostics, monitoring, and maintenance into one streamlined platform. It is free for any miner to use, with or without Proto hardware. 'Mining hasn't really caught up with advances in software more broadly,' Templeton said. 'We saw an opportunity to make mining software something modern that improves operational efficiency instead of unnecessarily complicating things.' Open-sourcing Proto Fleet means anyone from large-scale operations to small independent miners can build on it, customize it, and improve it for the broader community. It marks a clear break from the closed and opaque software models that have long dominated the space. Proto Takes On Chinese Dominance In Bitcoin Mining Hardware U.S.-based Block is challenging the long-standing monopoly Chinese companies have held over bitcoin mining hardware, a dominance that has fueled security and supply chain concerns. While Proto has not disclosed its manufacturing locations, the move could open the door to new competitors, spur innovation, lower costs, and lessen reliance on a single source for critical mining infrastructure. How Bitcoin Miners Survive The 2028 Halving The mining business is uniquely cyclical. Every four years, the bitcoin halving cuts block rewards in half, instantly reducing miner revenue unless offset by higher bitcoin prices or operational efficiencies. The next bitcoin halving is scheduled for April 2028. Proto Rig's efficiency gains and lifecycle extension directly address this challenge. Lower repair costs, minimal downtime, and the ability to upgrade hashboards instead of entire units help miners preserve margins in a tightening reward environment. The open-source Proto Fleet software further supports this by streamlining operations and optimizing energy usage. Combined, these factors could make the difference between profitability and shutdown for some operators, especially in competitive energy markets. Potential Ripple Effects For The U.S. Bitcoin Mining Industry The debut of Proto Rig and Proto Fleet has the potential to shift dynamics in the bitcoin mining sector. If the hardware gains traction, it could encourage competition in a market long dominated by Chinese manufacturers, possibly lowering prices and expanding options. More durable and efficient rigs might help U.S. miners grow operations and reduce reliance on overseas supply chains. By offering open-source, free-to-use software, Block could also lower barriers for smaller miners, which may foster greater network decentralization and inspire advances in efficiency and energy integration. Bitcoin Record High And Bullish NYSE Debut Set The Stage For Proto's Newest Launch The unveiling of Proto Rig and Proto Fleet comes amid strong momentum in the crypto industry. Just a day earlier, Peter Thiel-backed exchange Bullish, led by former NYSE president Tom Farley, began trading on the NYSE, raising $1.1 billion. Pair that with Bitcoin's new all-time high, and Block's timing is ideal. The company is positioning itself not just as a hardware maker but as a strategic infrastructure provider for Bitcoin's next phase of growth, for all the players in the mining industry. 'What's Good For Bitcoin Is Good for All of Us' The energy at Proto's launch made it clear that Jack Dorsey and his team know how to deliver game-changing moments for Bitcoin. 'What's good for Bitcoin is good for all of us,' Thomas Templeton said in closing, summing up the ethos behind Proto's design. For miners, Proto Rig and Proto Fleet may offer a path to higher uptime, lower costs, and greater operational control. For U.S. based miners, this pivotal design advancement marks a shift toward open, collaborative innovation and away from reliance on a single country's manufacturing base. In a market grappling with shrinking margins and mounting energy scrutiny, the launch underscores that the sector's next significant advancements may be forged in the open.
Yahoo
5 hours ago
- Yahoo
Bitcoin Rally Stalls on U.S. Inflation, Policy Whiplash: Crypto Daybook Americas
By James Van Straten (All times ET unless indicated otherwise)Bitcoin's (BTC) flirt with a record high $124,000 on Thursday was followed by a drop that led to it closing last weekend's CME gap at $117,600 after hotter-than-expected PPI inflation data and Treasury Secretary Scott Bessent's apparent flip-flop on bitcoin purchases for a strategic reserve. The gap occurs because CME hours for BTC futures don't match bitcoin's 24/7 trading. When the futures market is closed over the weekend, bitcoin's movements can create a discontinuity in prices on the CME chart. While filling the gap is a recurring pattern in market behavior, there's not guarantee it will take place. Bitcoin has now set four all-time highs in 2025. Importantly, the magnitude of pullbacks following these peaks has been shrinking. After it hit $109,000 in January, BTC fell 30% to $76,000 by April. In May, the $112,000 high was followed by a 12% drop in June. July's $123,000 peak led to a 9% decline. Most recently, August's $124,000 high has so far seen only a 7% percent pullback, though we're only one day in. Looking ahead, Friday's U.S. retail sales report is forecast at 0.7% month-over-month, which would mark the strongest reading since March. A stronger-than-expected number could further undermine expectations for a September rate cut. Further out, attention turns to the end of August when $12 billion in bitcoin options are set to expire on Deribit. The majority of open call options are concentrated between the $120,000 and $124,000 strike prices, suggesting that if bitcoin trades near these levels, it would align with the positioning of many derivatives traders. Stay alert! What to Watch Crypto Aug. 15: Record date for the next FTX distribution to holders of allowed Class 5 Customer Entitlement, Class 6 General Unsecured and Convenience Claims who meet pre-distribution requirements. Aug. 18: Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual-style futures. Aug. 20: Qubic (QUBIC), the fastest blockchain ever recorded, will undergo its first yearly halving event as part of a controlled emission model. Although gross emissions remain fixed at one trillion QUBIC tokens per week, the adaptive burn rate will increase substantially — burning some 28.75 trillion tokens and reducing net effective emissions to about 21.25 trillion tokens. Macro Aug. 15, 3 p.m.: U.S. President Donald Trump and Russian President Vladimir Putin will meet in Alaska to discuss potential peace terms for the war in Ukraine. Aug. 15, 12 p.m.: Colombia's National Administrative Department of Statistics (DANE) releases Q2 GDP growth data. GDP Growth Rate QoQ Prev. 0.8% GDP Growth Rate YoY Est. 2.6% vs. Prev. 2.7% Aug. 15, 4 p.m.: Peru's National Institute of Statistics and Informatics releases June GDP YoY growth data. GDP Growth Rate YoY Est. 4.7 vs. Prev. 2.67% Aug. 18, 6 p.m.: The Central Reserve Bank of El Salvador releases July producer price inflation data. PPI YoY Prev. 1.29% Earnings (Estimates based on FactSet data) Aug. 15: Sharplink Gaming (SBET), pre-market Aug. 15: BitFuFu (FUFU), pre-market, $0.07 Aug. 18: Bitdeer Technologies Group (BTDR), pre-market, -$0.12 Token Events Governance votes & calls SoSoValue DAO is voting to allocate 5 million SOSO tokens for a Researcher Ecosystem Fund aimed at boosting top-tier crypto research through competitions and incentives, improving content quality, transparency and SOSO's utility. Voting ends Aug. 18. Uniswap DAO is voting to allocate $540,000 in UNI over six months to as many as 15 top delegates, with up to $6,000 a month based on voting activity, community engagement, proposal authorship and holding 1,000+ UNI. Voting ends Aug. 18 Aavegotchi DAO is voting on a Bitcoin Ben's Crypto Club Las Vegas sponsorship: a $1,000/month corporate membership (logo on sponsor wall, team access, newsletter feature, one branded meetup/month) or a $5,000, 90-day Graffiti Wall mural with promo. Voting ends Aug. 23. Unlocks Aug. 15: Avalanche (AVAX) to unlock 0.33% of its circulating supply worth $41.84 million. Aug. 15: Starknet (STRK) to unlock 3.53% of its circulating supply worth $18.12 million. Aug. 15: Sei (SEI) to unlock 0.96% of its circulating supply worth $18.94 million. Aug. 16: Arbitrum (ARB) to unlock 1.8% of its circulating supply worth $49.95 million. Aug. 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $91.6 million. Aug. 20: LayerZero (ZRO) to unlock 8.53% of its circulating supply worth $57.59 million. Aug. 20: Kaito (KAITO) to unlock 8.82% of its circulating supply worth $27.55 million. Token Launches Aug. 15: PublicAI (PUBLIC) launches on Bitget, Binance Alpha, KuCoin and LBank. Aug. 15: Pepecoin (PEP) launches on AscendEX. Conferences The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through Aug. 31. Day 4 of 7: Ethereum NYC (New York) Day 2 of 2: CryptoWinter '25 (Queenstown, New Zealand) Aug. 15: Bitcoin Educators Unconference (Vancouver) Aug. 17-21: Crypto 2025 (Santa Barbara, California) Aug. 18-21: Wyoming Blockchain Symposium 2025 (Jackson Hole) Aug. 21-22: Coinfest Asia 2025 (Bali, Indonesia) Token Talk By Oliver Knight The crypto market drop in the past 24 hours sparked around $1 billion worth of liquidations, with the majority occurring on ETH trading pairs, according to Coinglass data. Ether is trading back at $4,630 while a number of altcoins like TIA, CRV and OP all lost more than 7%. One asset, however, stood out: AERO rose 4.5% despite relentless waves of selling pressure and liquidations. AERO is the native token of decentralized exchange Aerodrome, which recently benefited from integration with Coinbase, allowing the exchange's customer base to trade directly on the DEX via the Coinbase app. Trading volume on Aerodrome jumped as a result, with $1.1 billion worth of crypto changing hands to mark the DEX's largest day since February, according to DefiLlama. Aerodrome is the largest native part of the Base ecosystem, with $612 million in total value locked (TVL). The only other protocols with a higher totals are Morpho and Aave, both of which are distributed across multiple blockchains while Aerodrome is on Base alone. Derivatives Positioning Open interest (OI) across top derivatives venues remains elevated, with bitcoin (BTC) sitting at $32.5 billion, just shy of its all-time high. Bitcoin OI is led by Binance ($13.8 billion) and Bybit ($9.3 billion). The elevated open interest is supported by steady gains in BTC three-month annualized basis, currently 8%-9% across all exchanges, according to Velo data. Compared with fourth-quarter 2024 levels of 15%, there is still room to grow. In options, implied volatility (IV) across different option maturities is upward sloping (contango), with near-term IV low at around 20% , Velo data show. The line rises toward 50% for maturities in mid 2026, a sign of increasing uncertainty further out. Looking at the past day's flows for puts vs calls, the ratio is 50:50, implying no extreme directional bias at the moment. Funding rate APRs across major perpetual swap venues are muted at around an annualized 5%-7%, pulling back from the elevated levels seen in the run up to bitcoin's record high on Thursday. This pattern suggests that the rally was largely spot driven, with an influx of shorts helping offset long demand. With funding now relatively low, there is room for fresh leveraged longs to enter the market, potentially adding momentum to the next move. Coinglass data shows $960 million in 24 hour liquidations, skewed 85% towards longs. ETH ($342 million), BTC ($162 million) and others ($116 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $117,091 as a core liquidation level to monitor, in case of further price drops. Market Movements BTC is up 0.68% from 4 p.m. ET Thursday at $118,739.67 (24hrs: -1.67%) ETH is up 1.9% at $4,622.44 (24hrs: -1.58%) CoinDesk 20 is up 1.33% at 4,257.98 (24hrs: -2.78%) Ether CESR Composite Staking Rate is up 1 bp at 3.05% BTC funding rate is at 0.0082% (8.9976% annualized) on Binance DXY is down 0.37% at 97.89 Gold futures are up 0.16% at $3,388.50 Silver futures are down 0.52% at $37.87 Nikkei 225 closed up 1.71% at 43,378.31 Hang Seng closed down 0.98% at 25,270.07 FTSE is unchanged at 9,181.53 Euro Stoxx 50 is up 0.42% at 5,457.44 DJIA closed on Thursday unchanged at 44,911.26 S&P 500 closed unchanged at 6,468.54 Nasdaq Composite closed unchanged at 21,710.67 S&P/TSX Composite closed down 0.28% at 27,915.99 S&P 40 Latin America closed down 1.16% at 2,653.40 U.S. 10-Year Treasury rate is down 0.2 bps at 4.291% E-mini S&P 500 futures are unchanged at 6,493.75 E-mini Nasdaq-100 futures are down 0.2% at 23,883.00 E-mini Dow Jones Industrial Average Index are up 0.64% at 45,283.00 Bitcoin Stats BTC Dominance: 59.4% (-0.42%) Ether-bitcoin ratio: 0.03901 (1.5%) Hashrate (seven-day moving average): 908 EH/s Hashprice (spot): $58.40 Total fees: 4.33 BTC / $519,718 CME Futures Open Interest: 140,870 BTC BTC priced in gold: 35.7 oz. BTC vs gold market cap: 10.08% Technical Analysis Bitcoin dominance recently fell below the key historical level of 60%. In the past, such drops have often preceded significant altcoin rallies. However, given the current lack of a strong catalyst for a full-fledged altcoin season, the key question is the potential severity of the drop. The current level suggests that a selective or minor 'alt season' is underway. It does not yet imply a major, market-wide shift in the way previous cycles have. Crypto Equities Strategy (MSTR): closed on Thursday at $372.94 (-4.35%), unchanged in pre-market Coinbase Global (COIN): closed at $324.89 (-0.65%), +0.11% at $325.25 Circle (CRCL): closed at $139.23 (-9.1%), -1.61% at $136.99 Galaxy Digital (GLXY): closed at $28.57 (+0.81%), -0.25% at $28.50 Bullish (BLSH): closed at $74.63 (+9.75%), +1.73% at $75.99 MARA Holdings (MARA): closed at $15.75 (-0.69%), -0.13% at $15.73 Riot Platforms (RIOT): closed at $12.25 (+5.69%), -1.14% at $12.11 Core Scientific (CORZ): closed at $13.84 (-0.11%), -0.61% at $13.75 CleanSpark (CLSK): closed at $9.95 (-0.2%), +0.3% at $9.98 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $26.97 (+5.76%) Semler Scientific (SMLR): closed at $35.13 (-1.24%), unchanged in pre-market Exodus Movement (EXOD): closed at $26.85 (-1.79%), +8.01% at $29 SharpLink Gaming (SBET): closed at $23.49 (-0.13%), -0.17% at $23.45 ETF Flows Spot BTC ETFs Daily net flows: $230.8 million Cumulative net flows: $54.97 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: $639.6 million Cumulative net flows: $12.75 billion Total ETH holdings ~6.27 million Source: Farside Investors Chart of the Day The total value locked (TVL) on yield-trading platform Pendle has surged past the $8 billion mark, representing a roughly 30% increase this month and positioning it as the ninth largest protocol by TVL. The majority of the growth has taken place on the Ethereum blockchain. A key factor driving growth is its close relationship with Ethena's stablecoin. Some 68% of Pendle's TVL is tied to USDe and sUSDe, making the protocol a direct proxy for the growth of Ethena's ecosystem and a bet on the continued expansion of high-yield, stablecoin-based strategies in the market. While You Were Sleeping Altcoin Season Could Begin in September as Bitcoin's Grip on Crypto Market Weakens: Coinbase Institutional (CoinDesk): Investor rotation into altcoins could accelerate in September, fueled by declining bitcoin dominance, better liquidity for alternative tokens and improving risk appetite, Coinbase Institutional's David Duong said. Circle to Offer 10 Million Class A Shares at $130 Each (CoinDesk): The stablecoin issuer is selling 2 million shares in a secondary offering, while insiders are offloading the other 8 million at over four times the price of the June IPO. Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges (CoinDesk): The SFC set minimum standards for senior management responsibility, cold wallet operations, third-party wallet solutions and real-time threat monitoring after finding cyber and asset-protection weaknesses at some licensed platforms. Crypto Group Backed by Trump Sons Hunts for Bitcoin Companies in Asia (Financial Times): U.S.-based miner American Bitcoin, co-founded by Eric Trump, is reportedly pursuing listed firms in Japan and Hong Kong to convert into bitcoin-treasury vehicles, seeking to spark demand through stock-market exposure. China's Economy Slows Broadly Even as Exports Keep Rising (The New York Times): China's statistics bureau linked July's slowdown in retail sales, factory output and fixed-asset investment primarily to escalating trade frictions, which its chief economist characterized as protectionism and unilateralism. Japan's Economy Records Modest Growth Despite Trade Uncertainty (The Wall Street Journal): Second-quarter GDP rose 0.3%, but economists warn automakers' prolonged absorption of U.S. tariff costs could squeeze profits, curb wage growth and dent household spending. In the Ether Sign in to access your portfolio
