Crypto Miami

💬 Bitcoin's Stability Amid Institutional Buying 📉 Despite a slight decline of over 3% in the past week, Bitcoin's price remained relatively stable on Monday. This subdued price action has not deterred institutional investors. Eric Trump, a strategic advisor to Metaplanet, expressed his confidence during the 2025 Hong Kong Bitcoin Asia conference, stating,

I've always said that I really believe in the next several years, bitcoin hits a million dollars.

As Bitcoin dipped below $109K on Labor Day, Metaplanet seized the opportunity to purchase 1,009 BTC, increasing their total holdings to 20,000 BTC. 🛒 The recent reduction in Bitcoin's volatility is attributed to the influx of institutional investors like Metaplanet. These investors tend to buy during price declines rather than selling, which helps stabilize the market. While Bitcoin's price was mostly flat on Monday, down 2-3% for the week, retail investors seemed more pessimistic. In contrast, institutional players are not only buying the dip but are also raising billions to acquire more cryptocurrency in the future. 📊 At the time of writing, Bitcoin was trading at $109,236.39, showing a slight daily increase of 0.24% but a weekly decrease of 2.02%. The cryptocurrency's price fluctuated between $107,271.18 and $109,890.58 over the past 24 hours. Trading volume rose by 32.94% to $62.28 billion despite the Labor Day holiday, and market capitalization increased slightly by 0.21% to $2.17 trillion. Bitcoin dominance also rose by 0.67% to reach 58.49%. 📈 Total Bitcoin futures open interest remained mostly stable at $80.33 billion over 24 hours, with a small increase of 0.39%. Bitcoin liquidations totaled $58.95 million for the day, comprising $36.20 million in long liquidations and $22.75 million in shorts.

💰 Stablecoin Exchange Reserves Reach Record High Amid Slowing Market Growth 📈 A new report from Cryptoquant reveals a significant shift in crypto liquidity dynamics. Stablecoin exchange reserves have surged to an all-time high of $68 billion, despite a slowdown in overall market capitalization growth. This increase was primarily driven by $53 billion in Tether (USDT) and $13 billion in USD Coin (USDC), surpassing the previous record of $59 billion set in February 2022. 📉 However, the report notes a considerable drop in weekly stablecoin market capitalization growth, which has decreased to approximately $1.1 billion per week. This is significantly lower than the $4–8 billion pace observed during Bitcoin's late-2024 rally. Additionally, USDT's 60-day growth has slowed to around $10 billion, down from a peak of over $21 billion in December 2024.

Exchange-held stablecoins remain an important signal of potential buying power,

the report states. Historically, high reserves have supported digital asset prices by ensuring ample liquidity on exchanges. However, with issuance tapering, current liquidity conditions are supportive but less potent than earlier this year. 🔄 The report suggests that markets may lean towards consolidation rather than extended parabolic moves unless there is a resurgence in stablecoin growth. Cryptoquant market strategists conclude that while overall conditions remain broadly bullish, the cooling pace of growth indicates that the powerful tailwinds of late 2024 have eased.

📉 Bitcoin Mining Earnings Decline Amid Price Swings 📊 Bitcoin mining earnings have been decreasing recently, experiencing significant price fluctuations. Hashprice, which indicates the expected daily return for 1 petahash per second (PH/s) of computing power, is currently 7.61% lower than it was on July 27. ⏳ Bitcoin's mining difficulty has increased to 129.7 trillion, rising by 0.20% five days ago. This rise has slowed down the rate at which miners find blocks, leading to a decline in revenue. However, the network's hashrate remains high at 965.77 exahash per second (EH/s), just 11 EH/s short of its all-time high. 🔄 Despite the challenges, miners have maintained a steady pace, resulting in faster block processing times. As of Wednesday morning, the average block time was approximately nine minutes and 37 seconds. The next difficulty adjustment is anticipated in about 1,300 blocks, expected around September 5, 2025, with a projected increase of +3.93%. 💰 Currently, the projected return from one petahash per second of Bitcoin's computing power is $54.30 per day. This represents a 7.61% decline from $58.77 per PH/s thirty days ago. However, today's level is slightly above the recent low of $53.44. 🔗 This situation underscores the resilience of miners in maintaining Bitcoin's network dynamics. They are balancing profitability pressures with steady hashrate contributions, largely due to the use of highly efficient machines. As conditions change, the relationship between costs, rewards, and computing power will remain crucial for the long-term stability and growth of the Bitcoin network.

🔥KERNEL: From Infra Play to Financial Powerhouse While retail chases memecoins, smart money is locking into real infra. With $KERNEL now live on Binance Loans, it's not just a protocol—it's a financial instrument. Hold $KERNEL. Borrow without selling. Infra just turned liquid. The Setup: • $2B+ in real TVL (ETH, BNB, more) • Listed on Binance + Coinbase • Now also supported on Binance Loans 🔗 — adding utility + credibility • 2nd largest LRT on Ethereum, largest infra on BNB • 300k+ active users • All Season 1 & 2 unlocks are complete • VC unlocks? Still 9 months away Why It Matters: KernelDAO isn’t a fork — it’s the infra layer others rely on: → 50+ protocols integrated → 25+ DVNs securing assets via Kernel → Every new integration = flywheel → more demand for $KERNEL → TradFi-style collateral utility = liquidity without exit The Alpha: • Live on Binance Loans (Flex + VIP) • RWA expansion incoming: launching stablecoin vaults soon • Built in the bear — thriving into the bull • $10M in real VC backing • 30 cents soon! The Trade: DeFi infrastructure isn't just rails, it’s infrastructure that lends itself. KERNEL is cooking something new, stay tuned ! DYOR, but don’t ignore it. Real TVL. Real utility. Real upside.

⚖️ Ex Populus Sues Elon Musk's xAI Over Trademark Infringement ➡️ Ex Populus has initiated a trademark infringement lawsuit in the Northern District of California to safeguard its Xai brand. The company claims that Elon Musk’s xAI has caused significant confusion by indicating its intentions to enter the gaming and blockchain sectors. 🌟 According to Ex Populus, it has been using the Xai name and trademark publicly since June 2023. The company has presented evidence and a copy of its complaint, arguing that trademark law requires it to act to prevent dilution of its brand and protect its developer and user community. Ex Populus stated that it would not provide further comments on the ongoing litigation and will continue to focus on its blockchain gaming platform. 🔗 This legal action comes after xAI acquired X in a significant corporate merger back in March.

➡️ Xapo Bank Launches Bitcoin Yield Product with Regulatory Approval ✅ Xapo Bank has received full regulatory approval from the Gibraltar Financial Services Commission for its new bitcoin yield product, developed in partnership with Hilbert Capital. This allows Xapo Bank members to access the Xapo Byzantine Bitcoin Credit Fund, managed by Hilbert Capital, offering a regulated way to generate returns on bitcoin holdings with institutional-grade risk management. 💬 Joey Garcia, Executive Director of Xapo Bank, emphasized the bank’s mission to bridge traditional banking with bitcoin, stating that

the new product mirrors the principles applied to USD savings.

The offering is expected to attract significant interest, with near-term inflows projected at approximately 10,000 BTC. The approval highlights Xapo Bank’s adherence to regulatory standards while providing members with compliant bitcoin services for managing their wealth.

💰 Bitmine Immersion Technologies: The Largest Ethereum Treasury 📈 Bitmine Immersion Technologies has announced that it holds over $6.6 billion in cryptocurrency, making it the world's largest Ethereum treasury. As of August 17, the company's holdings include 1,523,373 ETH tokens valued at $4,326 each and 192 BTC, totaling $6.612 billion. This represents a significant increase of $1.7 billion from the previous week. 🚀 Bitmine launched its ETH accumulation strategy on June 30 and has quickly scaled its reserves, adding 373,000 ETH tokens in just six weeks. This growth has been supported by institutional investors such as Ark Invest, Founders Fund, and Galaxy Digital, who back Bitmine's goal of acquiring 5% of all ETH. 📊 The company's stock (BMNR) averages $6.4 billion in daily trading volume, making it the 10th most liquid U.S. equity. It surpasses major players like JPMorgan and Alphabet in liquidity. 🗣 Chairman Tom Lee emphasized institutional confidence in Bitmine's "alchemy of 5%" strategy and its rapid growth in crypto NAV per share. He highlighted the long-term potential of the Ethereum network, stating:

Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.

🔄 Lee also drew parallels between current crypto regulatory shifts and the 1971 Bretton Woods transition, predicting similar market modernization. Bitmine's liquidity and treasury scale position it uniquely amid these changes.

🟢 Bitcoin's Current Market Position: A Balancing Act Between Consolidation and Potential Breakout 📉 Bitcoin's price is currently at $119,128 with a market cap of $2.37 trillion and a 24-hour trading volume of $63.34 billion. The day's trading range has been between $117,201 and $121,073, indicating a period of consolidation after a recent sell-off from August's highs. Traders are assessing directional cues from key technical indicators across various timeframes.

The daily chart shows bitcoin (BTC) retreating from a local peak of $124,517 after forming a potential double-top pattern.

📊 The daily chart reveals that Bitcoin has retreated from a recent peak of $124,517 and is showing signs of a potential double-top pattern. The latest candle indicates strong selling pressure with a bearish engulfing formation and increased volume. The relative strength index (RSI) is at 55.1, suggesting neutral conditions, while the moving average convergence divergence (MACD) level is at 1,224.5, indicating a bullish phase. However, caution is advised as a confirmed break below $117,000 could lead to a decline towards $113,000–$115,000. On the other hand, reclaiming the $119,500–$120,000 range on high volume could reset bullish momentum. 📉 The 4-hour chart shows a more immediate bearish bias with lower highs since the $124,517 top. There have been red volume spikes during sell-offs and weaker green volume on rebounds. Neutral readings from the Stochastic oscillator and commodity channel index (CCI) indicate a lack of strong momentum. However, positive signals from exponential moving averages (EMAs) and simple moving averages (SMAs) across all periods reflect longer-term trend support. Traders are watching for a reclaim of $120,000–$121,500 for a breakout scenario, while failing to hold $119,500 may trigger renewed downside towards $116,000.

On the hourly chart, bitcoin is ranging between $117,800 and $119,300 after a steep drop from $124,000.

⚡️ On the hourly chart, Bitcoin is trading between $117,800 and $119,300 after a significant drop from $124,000. Volume remains low in this range, indicating market indecision. The momentum indicator suggests a bullish opportunity for intraday reversals, while the Awesome oscillator reflects a lack of any dominant trend. Scalp traders may look to go long near $117,800–$118,000 if volume confirms or short from $119,300 if upside momentum fails.

📈 Bitcoin and Ether ETFs Experience Significant Weekly Gains 💪 After a challenging start to the week, Bitcoin and Ether exchange-traded funds (ETFs) made a remarkable recovery, ending with substantial net inflows of $247 million and $327 million respectively. This turnaround was driven by strong institutional participation, particularly on Thursday and Friday. 📊 Bitcoin ETFs saw a total inflow of $246.75 million for the week. Leading the pack was Blackrock’s IBIT with an impressive $188.92 million contribution, followed by Bitwise’s BITB which added $62.26 million. Other notable performers included Grayscale’s Bitcoin Mini Trust with $30.58 million and Vaneck’s HODL with $25.57 million. However, Fidelity’s FBTC, Valkyrie’s BRRR, and Ark 21Shares’ ARKB were the only significant laggards, reporting outflows. 🌟 On the Ether side, ETFs closed with a net inflow of $326.83 million. Blackrock’s ETHA and Fidelity’s FETH were the frontrunners, contributing $105.44 million and $109.05 million respectively. Other contributors included Grayscale’s ETHE and Ether Mini Trust, along with Bitwise’s ETHW and Vaneck’s ETHV. 📈 Trading volumes remained robust, with daily figures ranging from $3 to $4 billion for BTC ETFs and $1 to $2 billion for ETH ETFs. This indicates a sustained appetite from investors. The midweek sentiment shift and subsequent rebound suggest that institutional confidence in the crypto market is strong.

📈 Bitcoin's Mining Difficulty Reaches Historic High 🔼 Recent data shows that Bitcoin's mining difficulty has increased for the 11th time this year, rising by 1.42% on Friday evening. This adjustment makes it more challenging to obtain block rewards. Despite experiencing five decreases earlier, Bitcoin's mining difficulty has still risen by 17.73% in 2025.

The latest increase pushed the difficulty to 129.44 trillion — the highest mark in the network’s history.

📊 The 129.44 trillion figure represents the average number of hashes miners must compute to successfully discover a new block. Bitcoin's mining difficulty adjusts approximately every two weeks (every 2,016 blocks) to maintain a 10-minute target for block discovery, regardless of the network's computational power. ⚖️ With the hashrate reaching record highs, blocks have been found more quickly than usual, leading to the recent difficulty increase. If block discovery slows below the 10-minute average, the system reduces the difficulty. So far in 2025, there have been 16 difficulty changes, starting with a modest 0.61% uptick on January 12.

Of those, 11 were increases, adding up to a 34.27% climb, while the five decreases trimmed 16.54% from the total.

📉 After hitting a record 976 exahash per second (EH/s) on August 8, the hashrate has eased to 965.97 EH/s. While it's still early to predict the exact outcome for the next retarget on August 29, 2025, current data suggests a possible 1.77% reduction in difficulty.

Bitcoin’s mining difficulty continues to push into record territory in 2025, driven by unprecedented hashrate levels and frequent upward adjustments.

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📉 Bitcoin ETFs Face Continued Outflows as Ether ETFs See Inflows 📊 On August 5, a clear divide emerged in investor behavior towards Bitcoin and Ether exchange-traded funds (ETFs). Bitcoin ETFs experienced their fourth consecutive day of outflows, losing $196 million, while Ether ETFs rebounded with a net inflow of $77 million. 💔 The majority of the outflows from Bitcoin came from Fidelity’s FBTC, which saw a withdrawal of $99.11 million, followed by Blackrock’s IBIT with $77.42 million. Grayscale’s GBTC also faced losses, exiting $19.65 million. Despite this, trading activity remained high at $2.66 billion, with total Bitcoin ETF net assets dropping to $146.18 billion. ➡️ In contrast, Ether ETFs showed a strong recovery. Blackrock’s ETHA led the inflows with $88.77 million, while Vaneck’s ETHV and 21Shares’ CETH added $5.24 million and $3.57 million respectively. However, this positive trend was slightly dampened by redemptions from Grayscale’s Ether Mini Trust and ETHE, which lost $13.45 million and $10.91 million. 🔄 This contrasting performance underscores a shifting narrative in the market: while Bitcoin is facing ongoing selling pressure, institutional interest in Ethereum products appears to be growing. This may be linked to optimism surrounding ETH’s DeFi and staking ecosystem. As the week progresses, it will be crucial to observe whether this divergence continues or begins to narrow.

📊 Crypto Market Rallies as Trump Plans to Announce Rate-Cut-Friendly Fed Governor 👉 Read more

📉 Cryptocurrency Market Faces Major Downturn Amid Economic Turmoil 📉 The cryptocurrency market experienced a significant downturn after a positive start to the week, with many top digital assets declining by double digits. TRX was the only top 20 digital asset to gain, rising by 2.7%, while toncoin increased by 8.9%. ⚠️ The reversal began after the Federal Open Market Committee (FOMC) voted to keep interest rates unchanged, despite U.S. President Donald Trump's calls for a 300 basis point cut. This was followed by reports of new tariffs imposed by the Trump administration on several countries, leading to a rapid decline in digital asset values. Although most digital assets later recovered, the release of disappointing jobs data by the Bureau of Labor Statistics (BLS) on August 1 further unsettled the markets. ➡️ Trump's decision to fire BLS commissioner Erika McEntarfer shortly after the jobs data was released contributed to a significant drop in U.S. stock markets, which lost $1.1 trillion that day. The cryptocurrency market was also affected, with its market capitalization falling from a weekly high of $4.024 trillion to $3.753 trillion, a decline of approximately $270 billion. ↪️ Bitcoin (BTC) dropped to $112,680 at one point and closed the week nearly 4% lower, trading just above $113,300. Ethereum (ETH) also fell, with seven-day losses of 6.3%. XRP continued to struggle, dropping 8.2% after a near double-digit decline the previous week. 📌 Other notable double-digit losses were recorded for solana (SOL) at 12.6%, dogecoin (DOGE) at 16.1%, and cardano (ADA) at 13.7%. FARTCOIN and BONK also saw significant losses, dropping 32.9% and 28% respectively.

➡️ U.S. Aims for Leadership in Digital Asset Markets ➡️ On July 30, 2025, the President’s Working Group on Digital Asset Markets unveiled a fact sheet detailing its strategy to position the United States as a frontrunner in digital financial technology. This announcement follows a comprehensive 160-page report and signifies a crucial transition from regulatory ambiguity to a more coordinated legislative approach. 📝 Established by Executive Order 14178 in January 2025, the Working Group was tasked with identifying innovation barriers and proposing a national strategy. Importantly, the order reiterated the administration's stance against a U.S. central bank digital currency (CBDC). ♾ The fact sheet highlights several key policy objectives: 1. Regulatory clarity: It urges Congress to extend the Commodity Futures Trading Commission’s (CFTC) jurisdiction over digital commodities and clarify the Securities and Exchange Commission’s (SEC) role in overseeing digital asset securities. 2. Accelerated agency rulemaking: Federal agencies are instructed to expedite guidance on trading, custody, and registration to foster early-stage innovation. 3. Banking modernization: The administration calls for an end to discriminatory practices against digital asset companies, officially terminating the policy known as “Operation Choke Point 2.0.” 🔍 Notably, while the fact sheet emphasizes a commitment to robust crypto-backed fiscal infrastructure, it does not address recent developments regarding the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, which was announced in March 2025. This reserve, consisting solely of seized digital assets and managed by the U.S. Treasury, is designed to serve as a budget-neutral sovereign reserve.

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🪙 Ray Dalio Advocates for 15% Bitcoin Allocation in Portfolios 💬 Ray Dalio, the founder of Bridgewater Associates, recently discussed the strategic importance of bitcoin in asset allocation during a podcast with Wilfred Frost. He emphasized that fiat currencies are facing a structural decline, similar to historical periods in the 1930s and 1970s, which could make hard assets more appealing.

If you were neutral on everything... you would have about 15% of your money in gold or bitcoin,

Dalio advised. He clarified his preference by stating,

I strongly prefer gold to bitcoin, but that’s up to you.

📉 While acknowledging bitcoin's volatility and regulatory challenges, Dalio pointed out its decentralized nature and limited supply as potential advantages against fiat currency erosion. However, he expressed caution regarding bitcoin's role as a reserve currency due to concerns about transparency and transactional privacy.

My own approach is in my portfolio I have gold and I have some bitcoin but not much,

he revealed. 📊 Dalio's insights highlight the importance of considering historical context in investment strategies. He noted that during times of excessive debt and geopolitical instability, currencies often lose value, making alternative stores of value crucial.

➡️ Christie’s Launches Cryptocurrency-Focused Real Estate Division in the U.S. 🌟 Christie’s International Real Estate has launched a groundbreaking U.S. brokerage division dedicated solely to cryptocurrency-based home sales, as reported by The New York Times. Led by Aaron Kirman in Los Angeles, this division allows homebuyers to bypass traditional banking systems by making purchases with digital currencies. 💰 The brokerage has already completed several notable transactions, including a $65 million estate in Beverly Hills purchased entirely with crypto. Kirman’s team, which comprises attorneys, data specialists, and crypto experts, facilitates deals where both parties use only digital assets for settlement. Their crypto-ready listings exceed $1 billion, featuring prominent properties like the $118 million La Fin in Bel Air and the $63 million Nightingale in Beverly Hills. 🏠 Among the offerings is the Invisible House in Joshua Tree, listed at $17.95 million and available to crypto buyers. This trend reflects a growing interest in cryptocurrency among affluent clients. In Asia, Japan’s Open House Group has also begun accepting bitcoin and ethereum for property transactions. ⚡️ Many industry experts anticipate that cryptocurrency will play an increasingly significant role in real estate transactions in the coming years. Kirman’s team predicts that crypto could account for over a third of all U.S. residential home sales within five years. The brokerage employs LLCs to protect buyers’ identities, ensuring greater discretion throughout the process.

📉 Bitcoin Rises Slightly as Altcoin Rally Slows 📊 Bitcoin (BTC) experienced a slight increase of 0.81% amid a retreat in rival cryptocurrencies like ether (ETH) and XRP, which saw declines of 1.40% and 2.20% respectively. This shift follows a recent altcoin rally that had boosted the Coinmarketcap’s Altcoin Season Index to 56. Currently, the index sits at 50, indicating that while bitcoin has regained some market share, altcoin season has not yet officially begun. 📈 Bitcoin is trading at approximately $118,711.71, with a daily trading volume increase of 9.54% to $76.18 billion. Its market capitalization rose by 0.75% to $2.36 trillion, and BTC dominance is currently at 60.91%, up 0.58% over the past 24 hours. The total value of open BTC futures contracts also saw a slight rise of 0.44% to $85.13 billion, with recent liquidations totaling approximately $104.25 million being fairly balanced between long and short positions.