Billionaire Strategy Executive Chairman Michael Saylor has positioned his company’s Bitcoin-backed securities as a compelling alternative to conventional bank savings for retirement planning, presenting yields of 9.5% versus traditional savings rates ranging from 0.1% to 4%. During MicroStrategy’s second-quarter earnings call on July 31, Saylor highlighted the firm’s newest preferred stock offering, STRC, as especially appealing to conservative investors seeking returns on their income. Source: Strategy “ This presents opportunities for retirees and an entire demographic of investors ,” Saylor explained, emphasizing the product’s attraction for those pursuing enhanced returns without extended lock-up periods. He further noted that MicroStrategy’s preferred equity instruments provide exceptional yield-generating collateral for investors. Just watched the @Strategy earnings call and bought more $MSTR and replaced my cash reserve investment with $STRC . Not financial advice but my opinion is that the level of this firm’s performance aspiration and investor communication has no peer. @saylor @digitalphong https://t.co/WCgN62BsbQ — Tad Smith (@tadtweets) August 1, 2025 Saylor’s Bitcoin-Backed Retirement Plan: 9.5% Yields vs 0.1% Banks The STRC preferred stock offering successfully raised $2.5 billion on July 30, funds that were immediately deployed to purchase 21,021 Bitcoin in what became 2025’s largest US initial public offering to date. Driving the digital transformation of IPOs with $BTC . $STRK $STRF $STRD $STRC pic.twitter.com/ydraj0QTKt — Strategy (@Strategy) July 28, 2025 Strategy already announced that STRC will commence trading on the Nasdaq this Wednesday, marking it as America’s first exchange-listed perpetual preferred security from a Bitcoin treasury corporation offering monthly, board-determined dividends targeted at income-seeking investors. Notably, STRC represents the newest addition to MicroStrategy’s expanding portfolio of perpetual preferred securities designed to fund Bitcoin acquisitions. The series includes Strike (STRK), a convertible instrument with an 8% fixed dividend; Strife (STRF), a non-convertible option featuring a 10% cumulative yield; and Stride (STRD), which distributes a 10% non-cumulative dividend. This strategic positioning coincides with MicroStrategy’s announcement of record quarterly earnings totaling $10 billion , primarily fueled by Bitcoin’s appreciation from $77,000 in Q1 to above $111,000 in Q2. The Virginia-headquartered corporation, previously operating as MicroStrategy, established the blueprint for corporate Bitcoin treasury adoption and currently maintains 628,791 BTC valued at over $72.6 billion, representing approximately 3% of Bitcoin’s total supply. Source: Saylor/X MicroStrategy’s retirement plan initiative aligns with broader momentum toward incorporating Bitcoin into 401(k) investment options. U.S Government Greenlights Bitcoin-Backed Retirement Plans in Crypto 401(k)s Policy Change Notably, the U.S. Department of Labor withdrew its 2022 guidance discouraging cryptocurrency inclusion in workplace 401(k) programs this July. This regulatory reversal is expected to rekindle enthusiasm for cryptocurrency investment vehicles within retirement and mortgage savings frameworks. Similarly, Bitcoin adoption in retirement portfolios appears to be accelerating across multiple fronts. In May 2024, the State of Wisconsin Investment Board (SWIB), America’s ninth-largest pension fund, allocated $99 million to Bitcoin purchases, while Florida’s Chief Financial Officer Jimmy Patronis advocated for Bitcoin inclusion in the state’s pension system. International adoption is already underway, with UK retirement schemes dedicating up to 3% of their portfolios to Bitcoin , anticipating superior returns for beneficiaries. These pension investments received guidance from Cartwright, a firm specializing in defined benefit scheme management that provides employees with guaranteed monthly retirement income based on service duration and salary levels. Performance data indicates that Cartwright-managed pension fund Bitcoin investments have generated over 60% returns in less than twelve months, significantly outpacing traditional assets, including bonds, gold, and the S&P 500. Cartwright Pension Trusts is seeing rising interest from its clients after helping a UK pension fund allocate 3% to Bitcoin in 2024, yielding a 60% in November 2024—and according to Nasri, it secured a 60% return on investment in under 12 months pic.twitter.com/dhgIuST0Yi — The Crypto Utility Guy (@UtilityGuy7) July 2, 2025 Cartwright has also published specialized research targeting corporate treasurers, defined benefit administrators, and institutional investors, focusing on Bitcoin’s practical applications, volatility characteristics, and expanding macroeconomic significance. The post Billionaire Michael Saylor Says This Bitcoin-Backed Investment Could Replace Your Retirement Plan appeared first on Cryptonews .
cryptonews 2025-08-01 19:16
SEC Chairman Paul Atkins announced “Project Crypto,” a sweeping initiative to modernize digital asset regulation. The plan shifts the SEC away from enforcement-driven policy, introducing clear asset classifications. Draft rules are forthcoming, and Commissioner Hester Peirce is leading the Crypto Task Force. In a landmark speech on July 31st, SEC Chairman Paul S. Atkins announced “Project Crypto”, a Commission-wide initiative to overhaul the agency’s approach to digital assets. The goal is to position the United States as the undisputed global leader in blockchain finance. Speaking at the America First Policy Institute in Washington, D.C., Atkins aligned the plan directly with President Trump’s new economic agenda and the recently passed GENIUS Act, which sets national standards for stablecoins. “Our regulatory framework need not be anchored to an analog past,” Atkins said . “America must do more than keep pace with the digital asset revolution. We must drive it.” From Regulation-by-Enforcement to Rules of the Road Project Crypto represents a major departure from the SEC’s enforcement-heavy posture under former Chair Gary Gensler. Atkins c… The post SEC Brings Out “Project Crypto” to Make U.S. the Blockchain Capital of the World appeared first on Coin Edition .
Coin Edition 2025-08-01 19:15
XRP has seen a slight rebound above $3 amid surging whale activity
U.Today 2025-08-01 19:14
Litecoin’s recent dip has brought it to a crucial support level near $91, raising questions about whether a rebound or deeper decline lies ahead. As LTC attempts to stabilize, traders are watching key technical signals for clues. In this piece, we explore Litecoin’s price outlook and highlight what its next moves could mean for broader crypto market opportunities. Litecoin Eyes Gains Despite Recent Dips, Promises Potential Growth Source: tradingview Litecoin is currently trading between around $107 and $122. Despite a 6.62% drop over the past week, it has shown a promising 25.91% rise in the past month. The coin faces resistance at $130, while its support stands firm near $99. Should it break the $130 barrier, it might target the $146 mark, representing a potential jump of over 19%. Recent movements suggest traders are taking caution, but there's optimism for growth. The 10-day and 100-day moving averages show Litecoin can stabilize and possibly rise. Traders are now eyeing whether it can maintain its momentum and cross crucial thresholds. Conclusion While Litecoin has faced short-term pressure, its recent monthly gains and technical setup point to a potential recovery. Holding key support and testing resistance zones could open the door to renewed upside. As market sentiment shifts, Litecoin—and other select altcoins—may present compelling opportunities for traders looking beyond the current dip. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitzo 2025-08-01 19:11
🚀 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! Bitcoin’s key trend
CoinOtag 2025-08-01 19:11
While much of the digital asset space remains driven by speculative narratives, XRP continues to distinguish itself through direct involvement in financial infrastructure. Unlike many tokens still vying for relevance in evolving blockchain ecosystems, XRP has already begun integration into core financial processes, showing its growing institutional appeal . A notable reference to this institutional trajectory surfaces in an archived publication highlighting Ripple’s early traction. SMQKE (@SMQKEDQG), a well-respected crypto researcher on X, shared a snippet of this document, revealing that “Ripple is attractive for investors as big financial institutions are committed to using it.” This commitment is more than a talking point. It reflects a tangible shift in how blockchain can operate within traditional systems. With global banks such as Santander reportedly using XRP , the foundation for mainstream application was laid well before current trends. “Ripple is attractive for investors as big financial institutions are committed to using it.” XRP is already integrated into real infrastructure conversations. Banks. Clearinghouses. Central banks. While other tokens chase speculative use cases, Ripple has signed… pic.twitter.com/LZO3rzYgy8 — SMQKE (@SMQKEDQG) July 29, 2025 XRP’s Strategic Position SMQKE emphasized that XRP is “already integrated into real infrastructure conversations,” citing involvement with “banks, clearinghouses, and central banks.” The post contrasted Ripple’s efforts with broader token markets that remain largely speculative, noting that Ripple has active partnerships and testing environments underway. This positioning matters. Institutions that operate at a global scale typically require reliability, legal clarity, and technical efficiency before adopting a financial tool. Ripple’s approach, providing a real-time gross settlement system through XRP and the XRP Ledger (XRPL), meets these demands. Its ability to streamline cross-border transactions and reduce settlement times offers value beyond short-term market cycles. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ripple’s Institutional Strategy Sets It Apart The strategic approach Ripple has taken sets XRP apart from much of the crypto space. By focusing on utility and compliance, Ripple has made it possible for banks and financial institutions to interact with blockchain without abandoning their existing frameworks. This is a critical distinction. Integration with clearinghouses and central banks, as mentioned by SMQKE, reflects not only relevance but alignment with long-term regulatory and infrastructure needs. Moreover, the document referenced XRP’s market capitalization of $18 billion in 2018, showing how early XRP gained market confidence. That figure reflects institutional faith in Ripple’s ability to deliver on technical promises, and the asset’s current market cap of $185 billion shows its growth potential. As regulatory scrutiny increases and speculative projects struggle to define their purpose, XRP’s trajectory appears increasingly rooted in practical application. The alignment with established financial systems gives it a stable position in a volatile market. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post XRP Is Attractive: Big Financial Institutions Are Committed to Using It appeared first on Times Tabloid .
TimesTabloid 2025-08-01 19:10
🚀 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! A Dormant Bitcoin
CoinOtag 2025-08-01 19:09
Ripple’s recent release of $125 million worth of XRP from escrow has stirred market concerns, raising questions about potential price pressure. While such large token unlocks often lead to selling fears, XRP’s technical indicators suggest a more nuanced picture. This article examines the impact of the escrow move and whether XRP still holds growth potential—or if other altcoins might offer safer upside. XRP Price Shows Potential for Growth Despite Recent Dip Source: tradingview XRP is trading between $2.92 and $3.61 today. Recently, it dipped a bit, showing a 5.67% loss over the past week. However, it climbed by 36.57% in the past month. With its current support around $2.59, it seems stable. If it climbs toward the resistance at $3.97, it could see an increase of around 30% from the current low. A further climb to the stronger resistance at $4.66 could mean a significant boost of over 50%. With an RSI below 40, it's not overbought, hinting at more room for growth. Watch these levels, as XRP has the potential for more upside if market conditions stay favorable. Conclusion Despite the weight of Ripple’s escrow release, XRP remains technically positioned for a potential rebound. With support holding and indicators signaling room to grow, the token could still rally if broader sentiment cooperates. While short-term volatility is likely, investors may find opportunities both in XRP and in alternative coins poised for gains amid shifting market dynamics. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitzo 2025-08-01 19:08
Tyler Winklevoss, the CEO of crypto exchange Gemini, is at the center of a rift over support of President Donald Trump's nominee to run the obscure-but-highly-relevant regulatory agency, the Commodity Futures Trading Commission. He thinks former CFTC Commissioner Brian Quintenz is a bad choice, and he's been talking with officials from the Trump administration about it, he told CoinDesk in an interview. That coincides with the White House slamming the brakes on a necessary step in Quintenz's confirmation process in the Senate. The administration didn't give the Senate Agriculture Committee a full explanation when it halted Quintenz's committee vote this week that would have advanced his approval to a final Senate floor vote. And the White House didn't immediately respond to questions from CoinDesk about what's getting in the way of the nominee, who until recently served as the regulatory chief for a16z crypto and is on the board of prediction-markets firm Kalshi, though the White House has reportedly continued to back the nomination . "Many in our industry have significant concerns about this nomination," Winklevoss told CoinDesk. "Mr. Quintenz is not aligned with the president's stated agenda and objectives." Read More: Quintenz, Trump's Pick as Potential U.S. Crypto Watchdog, Delayed by White House Winklevoss and his twin brother, Cameron, fellow co-founder of Gemini and other shared business interests, are among the prominent crypto insiders who've occupied a front seat — literally — in the White House's recent campaign to elevate the U.S. digital assets industry. When Trump hosted a White House crypto summit, the brothers were seated among the primary guests. And when the president signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law, they were sitting in the front row beside other prominent figures, including Coinbase CEO Brian Armstrong and Tether CEO Paulo Ardoino. Trump even mentioned the brothers in his remarks about the first big crypto legislative win. So they've come to occupy a prominent place in the president's view of the crypto industry, raising questions about whether Gemini can get Quintenz booted from consideration. At this late stage in the confirmation process, a significant delay or starting over could weigh on the industry's policy priorities. While the CFTC may largely be invisible to the U.S. public, its importance for the crypto space has been sharply rising as lawmakers in Congress get closer to passing legislation that would set up crypto markets regulation in the U.S. But Tyler Winklevoss argued it would be a mistake to put Quintenz in charge. The Gemini CEO contends that Quintenz has the wrong views on protecting developers, central bank digital currencies (CBDCs), federal spending and is raising ethical red flags with reported communications he's made on behalf of the company he serves as a board member, Kalshi. Developer liability "Quintenz supports prosecuting smart contract developers," Winklevoss said, calling it a "disqualifying position." "Smart contract developers need to be protected in order for innovation to flourish and to realize President Trump's vision of making America the crypto capital of the world," he said. In October 2018, then-Commissioner Quintenz gave a speech on smart contracts, saying that a developer should potentially be seen as legally liable if they could recognize their work would be used to skirt government regulations. With Roman Storm, a developer behind Tornado Cash, currently awaiting his jury verdict in a U.S. criminal trial, the question of a software developer's liability is at the forefront. The industry has a strong take on this matter, arguing that creators shouldn't be punished for how their creations are used. In much the same way that manufacturers of cars and firearms communication technologies aren't pursued by criminal prosecution for how their products are used by bad actors, the sector argues that digital assets innovators similarly shouldn't be on the hook for how their platforms and tools are utilized downstream, as long as the products are not actively managed by those who wrote the code. The industry position seems to fall in line with a speech Securities and Exchange Commission Chairman Paul Atkins gave on Thursday to announce his agency's "Project Crypto," in which one of its effort will be "protecting pure publishers of software code." Kalshi In his objections to Quintenz, Winklevoss also flagged recent reports on the former commissioner's communications with the CFTC as a private citizen, as he allegedly sought information on the competitors to prediction market platform Kalshi, where he serves on the board of directors. Winklevoss said recent revelations of emails sought under the Freedom of Information Act , in which Quintenz and an associate seem to have requested insight into the agency's work and deliberations on Kalshi rivals, "raise serious questions." The CFTC has waged a longstanding battle over regulation of the prediction markets. The position of the previous leadership under Chairman Rostin Behnam was that the activity should be regulated as gambling, and he had concerns over the agency policing political elections — one of the high-profile arenas of prediction betting. Behnam's agency fought the industry in court, including Kalshi, though it recently abandoned that dispute . While CFTC Acting Chairman Caroline Pham has argued the agency took the wrong path , she said it's difficult to reverse its position on event contracts, which she characterized as "a sinkhole of legal uncertainty and an inappropriate constraint on the new administration." CFTC funding Winklevoss also raised issue with Quintenz's remarks on the likely need of more money and resources at the CFTC as it takes on oversight of a swath of U.S. crypto activity. "The Trump Administration wants to cut red tape and deregulate," Winklevoss said. "This nominee continues to advocate for dramatically increasing budgets and overregulation that will lead to regulatory capture." In his Senate confirmation hearing, Quintenz suggested a significant budget boost will probably be needed if the CFTC is eventually tasked as the leading federal regulator for the crypto markets. However, the question of funding has long been central to discussions on crypto legislation to overhaul CFTC authority. Republicans have routinely acknowledged that the agency is likely to seek more resources to allow it to oversee a broad new area of the financial sector and — for the first time — actively regulate a spot market, meaning a market where actual assets are traded, such as bitcoin (BTC). When asked about it in a CoinDesk TV interview this week, top Trump crypto adviser Bo Hines granted that the agency may need more resources. "Congress is well aware that the CFTC might require some additional labor, but I think that's something that we can easily get done through legislation," Hines said. CBDCs The Gemini co-founder also interpreted some of Quintenz's past comments on central-bank digital currencies (CBDCs) as being open to discussion on a U.S. version — a possibility that's treated as toxic by Republican politicians and most of the crypto industry. But Quintenz's remarks in 2020 were relatively superficial, suggesting that it'd be important that the CFTC "stays abreast of legal and regulatory questions" around the government tokens, which he described in public remarks as an "area of particular interest to me." Even an interest should be disqualifying, Winklevoss contends. "You should not be interested in CBDCs or entertaining that kind of totalitarian technology," he said. "That in itself is disqualifying and against everything our industry stands for." From congressional candidates up to Trump, Republican lawmakers have painted the concept of CBDCs as a government campaign to seek control and surveillance over citizens' finances. But the idea never progressed further than a discussion point with some Democratic lawmakers and a topic of technical study among regulators and has never risen to an active project in the U.S., as China and Europe moved to implement government-backed digital currencies. Federal Reserve officials, including Chair Jerome Powell , had routinely said they wouldn't act without Congress and the White House, and if the central bank were ever to issue a digital dollar, the officials said transactions should be managed by U.S. banks and not the government. CFTC leadership vacuum The pause in Quintenz's confirmation process has thrown up some significant questions about the future leadership of the CFTC. The five-member commission currently has only two members — one from each party — and both of them have said they're leaving soon . That could potentially leave a freshly confirmed chairman alone atop the agency. But if Quintenz's nomination is abandoned or significantly delayed, people familiar with Acting Chairman Pham's plans suggest she's eager to move on, potentially in the coming weeks. If she can't stay to chair the commission, it raises questions about what happens next — whether President Trump would be under pressure to shove the Democratic commissioner, Kristin Johnson, out of the CFTC, so the agency wouldn't be taken over by a Democrat's agenda, and how long the CFTC may be without an official chairman. The Senate is heading into its August recess, leaving its Washington work behind for a while. Even if things get back on track, his final confirmation vote by the overall Senate could be further delayed. If Quintenz does continue through the process and become chairman, some legal experts have cast doubt on the strength of policymaking from a single commissioner on what's meant to be a five-member group. "I think when looking at the quorum rules, the agency can still act," former CFTC Commissioner Christy Goldsmith Romero told CoinDesk TV in a Thursday interview with Jennifer Sanasie. "But is that the best way to act?" She suggested the potential investors in the space — including from traditional financial institutions — "they are all going to want some certainty." And that can be provided, she said, by the White House nominating more names and getting a full commission confirmed by the Senate, "but we haven't seen that, yet." When questioned about the value of having both parties represented on the commission during his confirmation hearing, Quintenz declined to second-guess Trump's nomination process. "The president is the head of the executive, and the president will make his own decisions," he said.
CoinDesk 2025-08-01 19:08
Bitcoin price is currently hovering near $115,295, but beneath the surface, a rare on-chain event has captured investor attention. On Thursday, five dormant miner wallets from 2010 transferred 250 BTC, valued at nearly $29.6 million, after 15.3 years of inactivity, according to Arkham Intelligence. These wallets were part of Bitcoin’s earliest mining era, each receiving a 50 BTC reward when the asset was worth just $0.003 per coin. 5 dormant miner wallets wake up after 15 years! 250 #BTC ($29.6M) transferred out just 1 hour ago Each wallet earned 50 BTC from mining on Apr 26, 2010 #Bitcoin #CryptoNews #BTC #Crypto #Investing #CryptoMarket pic.twitter.com/F6fjTCpaPV — Crypto News Hunters (@CryptoNewsHntrs) July 31, 2025 Back then, the cost of mining a block was measured in cents. Consumer-grade CPUs performed hashing operations using about 95 watts of power, and U.S. residential electricity averaged 11.5 cents per kilowatt-hour. Mining was more about luck and access than efficiency. Fast-forward to 2025, and those same coins now represent a life-changing windfall. The original “1” prefix wallet addresses have now moved their BTC into newer “bc1q” SegWit addresses, an upgrade that enhances transaction efficiency and error handling. Analysts from Lookonchain and Spotonchain suggest these moves may reflect shifting custody strategies rather than immediate selling intent. Supply-Side Pressure or Just Spring Cleaning? This isn’t an isolated incident. July has seen a wave of Satoshi-era wallets awaken, transferring thousands of BTC amid rising institutional accumulation and retail speculation. So far, the market has digested these supply-side jolts relatively well. Bitcoin remains up 27% year-to-date, peaking at $118,480, just 4% below its all-time high of $122,838. But what’s driving these wallet awakenings? Some analysts see them as a way for long-term holders to shift funds into secure custody or to capitalize on Bitcoin’s recent strength. Others fear these could foreshadow future sell-offs, especially if market sentiment sours or macro uncertainty increases. While the short-term price impact has been muted, the sudden movement of old coins often precedes volatility. Traders are keeping a close watch on wallet activity, especially in periods of low liquidity, where whale movements can disproportionately affect price. Bitcoin (BTC/USD) Price Outlook: Bearish Momentum Builds From a technical perspective, Bitcoin price prediction is showing signs of exhaustion. BTC has broken below the symmetrical triangle that confined price action for much of July, as well as key support at $116,872 and the 50-SMA ($117,713). Bitcoin Price Chart – Source: Tradingview Current Price: $115,295 Key Supports: $114,563, $112,901, $110,587 Resistance Levels: $116,800, $117,713, $118,878 RSI: 32 (approaching oversold) The “three black crows” candlestick pattern has appeared on the 4H chart, signaling strong bearish sentiment. Meanwhile, the RSI hovers below 35 with no visible bullish divergence, confirming fading momentum. Trade Idea: If BTC fails to reclaim $117,000, traders may consider a short entry near $116,000–$116,500, with a stop-loss above $118,800 and targets near $114,500 and $112,900. Risk remains elevated due to potential fakeouts, so wait for confirmation on any retest of broken support. Bitcoin Hyper Presale Over $6M as Price Rise Nears Bitcoin Hyper ($HYPER) , the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), has raised over $6 million in its public presale, with $6,098,717 out of a $7,004,929 target. The token is priced at $0.012475, with the next price tier expected to be announced soon. Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity. The golden cross of meme appeal and real utility has made Bitcoin Hyper a Layer 2 contender to watch in 2025. With staking, a streamlined presale, and a full rollout expected by Q1, $HYPER is gaining serious traction. The post Bitcoin Price Prediction: Satoshi-Era Wallets Wake Up After 15 Years – What’s Going On? appeared first on Cryptonews .
cryptonews 2025-08-01 19:07
The BlackRock tokenized U.S. Treasury fund, BUIDL, just had its biggest monthly drop since it launched. On-chain data shows that around $447 million was pulled from the fund in the past 30 days. As a result, the fund’s value fell from $2.87 billion to about $2.42 billion, a 15.21% decrease in just one month. Although the overall drop in value is significant, the redemptions were not spread across the entire fund. Not All of BlackRock BUIDL Funds Were Affected Most of the outflows came from a specific share class of the fund known as BUIDL-I, which is built on the Ethereum network. At the same time, the main BUIDL share class saw new inflows. This indicates that investors are not withdrawing from the product entirely. Two major players, Ethena Labs and Ondo Finance, who had previously held big amounts in BUIDL, are reported to be responsible for these major outflows. Earlier this year, Ethena Labs held about $1.29 billion in BUIDL. It uses these funds to back its synthetic stablecoin, USDtb , which allows quick and large withdrawals. Wallets connected to Ondo and possibly Ethena’s reserve accounts show large movements of funds. These changes seem to be part of regular portfolio adjustments. BUIDL’s New Role Sparks Short-Term Moves, Not Long-Term Exit Another reason for the recent outflows could be changes in how BUIDL is used in wider financial markets . In mid-June, BUIDL became accepted as collateral on major trading platforms like Deribit and Crypto.com. This new role brings more short-term trading and risk management into the fund. As a result, the fund might now see more temporary withdrawals around times when trades are settled or contracts end. This kind of short-term movement is normal for financial products used in active trading. Some of the recent redemptions might even be reversed soon, depending on how the market moves. Lastly, some delays earlier this year, like issues with Circle’s redemption system, may also be affecting current trends. During that period, some investors looked for alternative ways to move their funds. Blockchain data supports this view. It was reported that the amount of BUIDL-I dropped significantly between July 1 and August 1, while the primary BUIDL token experienced a slight increase. Other Funds See Mixed Results Beyond BlackRock, the broader market for tokenized U.S. Treasury products showed mixed results during the same period. While BUIDL and a few others, like Superstate’s USTB, Circle’s USYC saw outflows, some funds grew. WisdomTree’s WTGXX gained $165 million, and smaller products like VBILL and TBILL added $22 million and $15 million, respectively. Even with these short-term changes, investors are still clearly interested in tokenized Treasury products. Nevertheless, despite this drawdown, BUIDL, which recently paid out $4.17 million in dividends , remains the largest on-chain Treasury fund. The post BlackRock’s BUIDL Treasury Fund Faces Its Sharpest Drop Yet appeared first on TheCoinrise.com .
The Coin Rise 2025-08-01 19:04
Wall Street kicked off August with a massive sell-off after weak job numbers and fresh tariffs from President Donald Trump rattled investor confidence. According to data from CNBC, the Dow Jones Industrial Average fell by 640 points, dropping 1.4%. The S&P 500 lost 1.6%, while the Nasdaq Composite slumped 2.1%. Traders immediately dumped risk as the disappointing labor data erased hopes for a stable economy, with the dollar sliding hard alongside falling stocks. The labor report showed only 73,000 jobs added in July, a sharp miss from the 100,000 estimate economists had expected. Previous months were also revised down, tightening the noose around market sentiment. Also, the numbers confirmed that job cuts are growing fast. Companies announced 62,075 job cuts in July, a 140% increase year-on-year. That’s more than double the average for July over the last four years. So far in 2025, employers have announced 806,383 job losses, the highest total between January and July since the pandemic year of 2020. Government layoffs are leading the spike with 292,294 cuts, followed by 89,251 in tech and 80,487 in retail. Bank shares plunge as investors brace for slower lending The employment numbers hit bank stocks hard. Investors fear a slowing economy will choke credit growth. JPMorgan Chase tumbled nearly 4%, while Bank of America and Wells Fargo each sank more than 3%. Manufacturing and industrial names weren’t spared either. GE Aerospace and Caterpillar both dropped around 3%, dragged down by expectations of weaker demand in the months ahead. Over in Europe, inflation surprised to the upside. Eurostat reported headline inflation held at 2% in July, slightly above the 1.9% estimate. Core inflation remained stuck at 2.3% for the third straight month, and services inflation eased from 3.3% in June to 3.1% in July. The bond market barely reacted. Germany’s 10-year yield rose by a basis point, and France’s ticked up less than that. But it was the White House’s tariff update that added global pressure. The administration introduced new trade measures against several countries, sparking a broader sell-off. Europe’s Stoxx 600 index closed 1.8% down, its worst session since April. Travel stocks fell 2.7%, and banks across Europe dropped 2.9%. Even with existing trade deals in place between the U.K. and the EU, the uncertainty surrounding Trump’s tariff moves still rattled investors. Currency traders piled out of the dollar fast. The Bloomberg Dollar Spot Index dropped 1%, marking its worst day since April 21. The yen jumped 2.2% and the euro climbed more than 1%. The dollar has now fallen over 7% this year, after briefly gaining ground in early July. Traders expect Fed to fold after jobs miss Before the data hit, Federal Reserve Chair Jerome Powell told reporters there was no clear case for a rate cut in September. But the numbers forced markets to flip the script. CME Group’s FedWatch tool showed the odds of a rate cut jumping to 75.5%, up from 40% just a day earlier. And then Beth Hammack, President of the Cleveland Fed, told Bloomberg TV, “We could see some weakening on the labor side. And if we see that, it would be something that we might want to respond to.” She added that the Fed shouldn’t overreact to one data point but admitted the report was “disappointing.” Powell had defended his decision to hold rates, saying it was important to monitor the effects of Trump’s tariffs and stay focused on inflation. He acknowledged that risks to jobs exist but maintained that the labor market was still “solid.” Even before Friday’s data, Fed Governors Christopher Waller and Michelle Bowman opposed holding rates steady. They cited labor market concerns as the reason they pushed for a cut, and with Friday’s numbers now public, their arguments appear to have gained traction. Jimmy Cramer had a lot to say about all this. “We have very little job growth, and we have wages that are not going up. That is when you cut,” he said on Squawk on the Street . “I’ve been a big backer of Jay Powell, but this is a number that says, ‘Jay, you didn’t need to wait.’” Cramer pointed to falling bond yields as proof that markets are already reacting. The 10-year Treasury yield dropped to just above 4.25%, the lowest level in nearly a month. “They’re going the president’s way,” he said. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Cryptopolitan 2025-08-01 19:03
BlackRock’s BUIDL Treasury Fund Faces Its Sharpest Drop Yet
