Dogecoin At $25, Shiba Inu At $0.05, And XRP At $200? Here’s When
Crypto analyst Smile has made an ultra-bullish price prediction for Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, stating they will reach $25, $0.05, and $200, respectively. The analyst also provided a timeline for when these coins will reach these price targets. $DOGE When Dogecoin, Shiba Inu, And XRP Will Reach These Price Targets Smile indicated in an X post that Dogecoin, Shiba Inu, and XRP will reach these price targets by 2025. Although they didn’t give a specific date or period in 2025, it is believed to be at the peak of this bull run, which analysts like Rekt Capital will be in September or October 2025. This price prediction is undoubtedly eye-catching, considering Dogecoin, Shiba Inu, and XRP current prices. So far, the consensus among crypto analysts like Kevin Capital (formerly OG Yomi) has been that Dogecoin can reach $1 in this market cycle. Kevin Capital has even predicted that the foremost meme coin can rise to as high as $3 in this bull run based on its historical trend. However, the possibility of DOGE reaching double figures in this cycle has provided a more bullish perspective for the foremost meme coin. $SHIB Shiba Inu Price Prediction Of $0.05 The prediction that Shiba Inu will delete three zeros from its current price and reach $0.05 is also interesting. This is one of the most bullish price predictions for the second-largest meme coin. However, analysts like Oscar Ramos do not believe Shiba Inu can reach this price target. He stated that Shiba Inu’s price cannot exceed $0.01 because of its current circulating supply of 589 trillion. The meme coin’s supply hinders its price, considering how much its market cap will be if it hits this price target. Meanwhile, although there has been a conscious effort to reduce Shiba Inu’s circulation, the meme coin’s burn rate indicates it could take hundreds of years before it can be brought down to a substantial amount. Although Shiba Inu deleting three zeros from its current price looks almost impossible, crypto analyst Ali Martinez thinks it can happen. Earlier in the year, the analyst predicted that the meme coin could enjoy another historic run and rise to as high as $0.011. Crypto analyst Armando Pantoja predicted that SHIB could reach $0.001 in this market cycle. $XRP XRP Price Prediction Of $200 Smile isn’t the first analyst to predict that XRP can reach $200. Crypto analyst Javon Marks has also previously predicted that XRP will hit this price target if a Full Logarithmic Follow-Through occurs. Meanwhile, other analysts like Crypto Tank have suggested that the XRP price could reach triple figures if it captures 10% of the daily transactions handled by SWIFT.
#DogecoinCommunity #doge⚡ #shiba⚡ #ShareBuyback #XRPGoal JackTheRippler also predicted that XRP could rise to at least $100 once the SEC Ripple lawsuit ends. The lawsuit could end by October 7 if there is no appeal from both parties at the end of the October-6 deadline.
Investing Just $500 in These 4 Cryptocurrencies Could Turn You into a Millionaire by 2026
Based on the ongoing shifts in the cryptocurrency market, it’s clear that even more compelling investment opportunities are on the horizon.Certainly, the market is quite volatile, but at the same time, it has demonstrated the heights of fortune that can come to early investors. For investors eager to leverage small funds optimally, investing $500 into several up-and-coming coins, including Rexas Finance (RXS), Cardano (ADA), Toncoin (TON), and Chainlink (LINK), will probably be very worthwhile by 2026. Let’s look into why these four tokens will help you turn around your portfolio. Rexas Finance (RXS): Tokenization of Real-World Assets is Going to The Next Level Rexas Finance has distinct RWA tokenization features and is the first of its kind, where assets like the valuation of real estate, staking art, gold, and other commodities can be tokenized. Such a breakthrough makes it possible for the ordinary person to invest in assets that were previously difficult to access, that are typically illiquid, and gives extreme liquidity and transparency to these previously closed market opportunities.For $0.05, Rexas Finance has raised more than $1.3 million so far and is currently in its Stage 3 presale. More so, because of the novel technology it possesses, Rexas Finance’s increase in value may hit 25x 2026, notably as the demand for tokenized assets increases. Some experts even predict that the price of RXS could average below the dollar range and reach $12 within the next couple of years, making it a great option for people who want some moderately aggressive bets. Cardano (ADA): A Mature Blockchain Technology With Developments Ahead Cardano (ADA) is that coin in its area of cryptographic transaction that has proved its metal over the years emerging as one of the dominant scientific blockchains. Proof-of-stake (PoS) consensus is one of its major technologies, however, it very much stands out for its energy efficiency which made the technology on top of the charts as the best suited to develop dApps and Smart contracts.At this cryptocurrency dollar value, Cardano has managed all these years to be quiet on their price action, unlike the other competitors like Ethereum. Yet, considering the forthcoming great market with Alonzo’s hard fork and the possible implementation of smart contracts, it is rather predictable that ADA will grow exponentially. Analysts believe that ADA price in 2026 may be about $3- $5 allowing the early investors an opportunity to multiply their investment ten-fold. $TON Toncoin (TON): Efficient Blockchain With Growth Potential And Acceptance Toncoin (TON), a product of the Telegram Blockchain project, is popular because of its scalability and ability to support thousands of transactions in seconds. The platform also aims to support fast, secure payments and mobile decentralized applications, which places it in competition against more mature platforms such as Ethereum and Solana. Currently priced at about $5.55, Toncoin is tipped for more upside considering its increasing adoption and developer traction in The Open Network (TON). Analysts hold TEX placing the forecast at around $15 to $20 by 2026, which means a 3x to 4x return for investors. $LINK Chainlink (LINK): The Preeminent Oracle Network Technology Chainlink (LINK) is currently the most established decentralized oracle network that enables the connection between real-world data and smart contracts that have been deployed. It provides mainstream infrastructure whereby data produced or collected by external systems is sent to a smart contract. Chainlink has notable partnerships with Google and other known companies, which has contributed to its rise in usage. LINK is currently in the range of $11 to about $12, and it is bound to appreciate simply because of the growth of decentralized finance (DeFi). Many analysts even believe that the LINK price could reach $100 in 2026, presenting barndoor opportunities for investors with returns of 10x to 12x. Conclusion: Risky $500 Bet – Millionaire Potential Reward Multiplying all of your possible risky investments with $500 across such crypto tokens as Rexas Finance, Cardano, Toncoin, and Chainlink offers exposure to high-risk, high-return assets as well as companies with growth potential, but the risk is minimized. These four projects, unlike other crypto projects, are relatively secure in terms of risks because their fundamentals, technologies, and growth potentials are quite remarkable. Therefore, under good market conditions, a $500 spread across these tokens could increase in value to millions by the year 2026. $ADA #ADA.智能策略库🥇🥇 #LINK🔥🔥🔥 #RXSExplode #tonecoin #RexasFinance
🚀 While Marvel brings back the Fantastic Four in 2025…
We in crypto already have them:
💛 BNB – The token that powers it all 🌱 Launchpool – Where new projects are born 🎉 Megadrop – Airdrops that hit different 🛡 Web3 Wallet – Your secure Web3 portal $BNB This is not fiction. This is @Binance .
President Trump’s Meeting With Powell Yields Shocking Results, Fed Ready To Lower Rates?
President Donald Trump’s unexpected visit to the Federal Reserve (FED) headquarters has hinted at a possible shift in the US interest rate policy. During his tour of the central bank’s renovation site with FED Chair Jerome Powell, Trump criticized the rising cost of the project but made it clear that his main concern remains the central bank’s reluctance to lower rates. $ETH Trump Presses FED Chair Powell For Rate Cut On Friday Trump told reporters that he had a productive meeting with Powell, leaving the impression that the FED may be open to cutting rates. According to a Bloomberg report, President Trump and Powell toured the FED’s headquarters renovation project in Washington on July 24, discussing the escalating costs and, more importantly, the direction of US rate cut policy. Although Trump voiced concern over the estimated $25 billion renovation price tag, calling it excessive, he used the visit to reiterate his demand for immediate rate cuts, stressing that lower interest rates are essential for economic growth. Despite months of publicly criticizing the FED Chair, Trump’s face-to-face meeting with him ended without the political drama many had anticipated. Instead, the rare visit seemed to ease the long-simmering tensions between the two figures, though Trump made clear his expectations of a rate cut remain high. The US President also suggested that he is not currently planning to fire Powell, regardless of ongoing frustrations over interest rates and a controversial renovation project that has drawn scrutiny from the administration. Though Powell’s term as Chair ends in May 2026, there’s no indication he plans to step down early. Meanwhile, Trump continues to press for lower rates, stating, “I just want to see one thing happen—interest rates have come down.” He has framed monetary policyas a top concern for his administration moving forward, signaling that pressure on the FED to lower rates is unlikely to quiet down soon. $SOL Trump Repeats Rate Demands With UK Leader Following his recent high-profile visit to the Federal Reserve, Trump escalated his campaign for lower interest rates during a closed-door session with United Kingdom (UK) Prime Minister Keir Starmer. In a pointed critique of Powell, Trump told Starmer and assembled global leaders that US rates must be cut to 1%, describing it as both an economic necessity and a personal frustration with the FED Chair’s leadership. He emphasized the potential financial impacts of reduced rates, stating that they should be at least 3% points lower than they are now. He claimed this difference amounts to nearly $1 trillion in potential savings for the US economy, estimating that each percentage point equals approximately $360 billion in reduced costs. By raising this issue in a diplomatic setting, the US President signaled his willingness to challenge central bank policy on a global stage.
Notably, many in the crypto community see a potential rate cut as a major catalyst for digital assets. Drawing comparisons to 2021, when lower rates triggered an altcoin explosion, crypto analyst ’Master of Crypto’ suggested in an X social media post the current market could be on the verge of a similar breakout, possibly triggering the start of the anticipated altcoin season.
Bitcoin Gets A Ride: Turkey’s Ride-Hailing Giant Allots 20% Of Reserves To BTC
Turkish ride‑hailing firm Marti announced that it would put 20% of its idle cash into crypto assets. According to the company, Bitcoin will be the first test coin. Soon after, Marti plans to boost that share to 50%. The move comes as Turkey wrestles with annual inflation rates near 40–50%, which erode the value of lira‑based cash. Marti’s CEO, Oguz Oktem, said that keeping part of its reserves in crypto can help protect against fiat currency risks. The company stressed that its day‑to‑day operations won’t be disrupted and that only surplus funds will back this new strategy. Marti Goes Crypto Based on reports, all digital holdings will be stored with a regulated custodian offering institutional‑grade compliance. Oktem noted that acquisitions will be held indefinitely and that Marti plans to add Solana and Ethereum to its stack over time. This approach mirrors moves by big names like Strategy, which holds over $10 billion in Bitcoin, and ZOOZ, with roughly $180 million tucked into BTC.
But Marti is the first mobility‑services provider from Turkey to try such a tactic, suggesting other corporates in emerging markets might follow its lead. Riders And Drivers Hit New Heights Marti’s latest financial report shows it passed several 2025 targets far ahead of schedule. By June, the company had more than 2 million riders and over 300,000 drivers on its platform. That marks an 8% jump in drivers and a 13% rise in rider registrations since March. To date, Marti’s users have completed over 35 million rides. Oktem said these milestones give the firm confidence to take on long‑term hedging strategies without pulling focus from growth. Going Public Marti got listed on the New York Stock Exchange in July 2023, marking the first US listing by a Turkish micro‑mobility company. Traders appeared torn between excitement over digital‑asset diversification and worry about crypto’s notorious volatility. The quick reversal underscores how even savvy investors can get jittery when a non‑financial firm embraces a new kind of risk. Regulatory Safeguards And Reporting Challenges According to Marti, using a regulated custodian should limit exposure to hacks and regulatory snags. Yet, under standard accounting rules, any drop in Bitcoin’s market price could trigger impairment charges. Those write‑downs would hit Marti’s earnings reports, potentially creating earnings swings that conservative shareholders may balk at. The company says it will disclose any updates to its crypto reserve plan in future filings. Expansion And Future Targets Marti currently serves major Turkish cities—Ankara, Istanbul, Antalya and Izmir—with a fleet of e‑mopeds, e‑scooters and e‑bikes managed through its app. Plans are in place to roll out services in Konya, Kayseri, Kocaeli, Bursa, Mersin and Adana before year‑end.
🚀 From $236 to $787 – My BNB Journey in Just 2 Years
Back in 2023, I bought BNB at $236 and never looked back. Today in 2025, it’s at $787 that’s over +233% growth in just two years!
But price is only part of the story…
I’ve been HODLing BNB with full conviction — not just for gains, but for the utility. Along the way, I’ve claimed massive rewards through Launchpool, Megadrop, and many other exclusive opportunities that come only with BNB.
I didn’t just invest in a coin… I invested in freedom, innovation, and the most powerful ecosystem in crypto: Binance.
Caldera is not just another L2 — it’s a rollup platform that redefines scalability and interoperability on Ethereum. 🚀
Instead of optimizing one chain, Caldera enables custom rollups with full Ethereum security and decentralization. Its core innovation? The Metalayer — a coordination layer that connects both Optimistic and ZK rollups, enabling:
✅ Seamless cross-rollup communication ✅ Shared resources and liquidity ✅ Horizontal scaling across ecosystems
With its native token ERA, users can: 🔹 Pay for cross-rollup tx fees 🔹 Stake to secure the Metalayer 🔹 Vote on key governance decisions
🌐 The rollup future isn’t vertical — it’s horizontal, modular, and interconnected. That’s Caldera.
What’s next for BMT? After a strong start and all eyes turning towards it, BMT continues to gain momentum. @Bubblemaps.io BubbleMaps revealed some surprising on-chain movements — showing healthy distribution and real potential for the next leg up. 📈
This is more than just hype. The data speaks loud. Are you positioned for what’s coming? $BMT #bubblemaps
Chainbase is building the data layer for Web3’s next generation
In a space driven by transparency, speed, and smart automation Chainbase delivers real-time, structured blockchain data through powerful APIs and modular infrastructure.
From DeFi dashboards to on-chain analytics platforms, Chainbase empowers builders to create faster, smarter, and more reliable crypto applications.
BounceBit is bridging CeFi and DeFi like never before
By integrating BTC staking with a dual-layer architecture, BounceBit creates a yield-generating ecosystem that combines centralized security with decentralized opportunities.
Users can stake Bitcoin, earn yield, and access innovative DeFi protocols—all in one place.
It’s not just another chain. It’s a new standard for BTC utility.
Caldera is ushering in a new era of scalable and modular blockchain infrastructure
In a world where traditional Layer 1 chains struggle to meet the unique needs of modern dApps, Caldera empowers developers to launch their own high-performance, customizable rollups—tailored to their use case.
Built on battle-tested frameworks like OP Stack and Arbitrum Orbit, Caldera rollups offer the speed of centralized systems without sacrificing decentralization or user ownership.
From DeFi and gaming to real-world asset platforms, Caldera helps projects launch production-grade chains in minutes—not months.
This is more than infrastructure—it’s the backbone of the next crypto evolution. #caldera @Caldera Official $ERA
Caldera is ushering in a new era of scalable and modular blockchain infrastructure
In a world where traditional Layer 1 chains struggle to meet the unique needs of modern dApps, Caldera empowers developers to launch their own high-performance, customizable rollups—tailored to their use case.
Built on battle-tested frameworks like OP Stack and Arbitrum Orbit, Caldera rollups offer the speed of centralized systems without sacrificing decentralization or user ownership.
From DeFi and gaming to real-world asset platforms, Caldera helps projects launch production-grade chains in minutes—not months.
Chainbase is powering the next generation of Web3 data infrastructure
Whether you’re building dApps, analyzing market trends, or tracking blockchain activity Chainbase gives you fast, reliable, and developer-friendly access to on-chain data.
From real-time APIs to deep analytics, it’s everything you need to make smarter decisions in crypto.
Built for scale. Designed for speed. Trusted by builders across the ecosystem @ChainbaseHQ #Chainbase .
US Government Bitcoin Reserves Still Intact: 198,000 BTC Remain Untouched
Rumors suggesting the US government had secretly sold off a large portion of its Bitcoin reserves were swiftly denied yesterday after new on-chain data emerged. Arkham Intelligence, a US-based blockchain analytics firm and public data platform, published updated figures confirming that the US Government still holds at least 198,000 BTC, currently valued at approximately $23.5 billion. These Bitcoin reserves are distributed across multiple addresses managed by various government agencies, including the US Marshals Service (USMS), FBI, DOJ, DEA, and US Attorney’s Offices. Despite claims of a major selloff, none of these holdings have moved in the last four months, indicating that the government continues to hold its Bitcoin stash intact. The rumors, which circulated widely on social media, were largely triggered by a misinterpretation of a Freedom of Information Act (FOIA) response from the USMS, which cited holdings of just 28,988 BTC. However, that number represents only a portion of the total reserves, not the entirety.
Breakdown Of US Government Bitcoin Holdings According to data from Arkham Intelligence, a significant portion of the US Government’s 198,000 BTC holdings—worth approximately $23.5 billion—originates from two major historical seizures: the Bitfinex hack and the Silk Road investigation. The largest single source is the 2022 seizure from Ilya Lichtenstein and Heather ‘Razzlekhan’ Morgan, who were arrested six years after the 2016 Bitfinex hack. Authorities seized 94,000 BTC from the couple, with additional recoveries bringing the total to 114,599 BTC, now worth $13.65 billion. These funds were originally stolen from Bitfinex customers and, pending legal proceedings, may be returned to victims through restitution.
Another major contributor is the seizure of 69,369 BTC (currently $8.26 billion) from ‘Individual X’ in 2020. This person was believed to have exploited a vulnerability to access Silk Road funds years after the darknet marketplace was shut down. The US Government took possession of the BTC after ‘Individual X’ voluntarily forfeited the assets in a landmark case. Arkham also identified other sources of BTC held by US authorities, including smaller seizures from criminal operations and forfeitures resulting from legal settlements. These holdings are spread across wallets linked to agencies such as the US Marshals Service, FBI, and DOJ. This transparency debunks recent rumors about government sell-offs and provides clarity to the public. While the bulk of the seized BTC remains dormant, market participants are closely watching for signs of movement, given the significant potential market impact if liquidated. For now, however, all of these funds remain untouched, offering a buffer of reassurance as Bitcoin hovers near its all-time highs. Price Analysis: Consolidation Persists Between Key Technical Levels Bitcoin continues to trade within a narrow range between $115,724 and $122,077, as shown in the 4-hour chart. This sideways movement follows the strong rally earlier in July that pushed BTC toward new all-time highs. Since then, the price has failed to break above the $122,077 resistance, while buyers have managed to defend the $115,724 support multiple times.
The chart also shows that BTC is hovering around the 50-period simple moving average (SMA) at $118,412, slightly above the 100-SMA ($116,614) and the 200-SMA ($111,678), which continue to slope upward—a signal that the macro trend remains bullish. However, declining volume during consolidation reflects indecision in the market. A breakout above $122,077 could trigger renewed momentum toward the next psychological level at $125,000. On the downside, losing the $115,724 support may lead to a deeper retracement, with the 100-SMA and 200-SMA acting as dynamic support zones. $BTC #TrumpBitcoinEmpire
Ether Machine Boss Snubs Bitcoin, Backs Ethereum As Superior Bet
According to Andrew Keys, co‑founder and chairman of the Ether Machine, Bitcoin feels like yesterday’s tool. He told CNBC’s Squawk show on July 21 that he’d “rather have an iPhone than a landline.” Keys went on to say he owns zero Bitcoin, staking his entire belief on Ethereum. That move puts him in a small group of crypto backers who champion Ethereum without holding any Bitcoin. Ethereum Firm Backs GENIUS Act Based on reports, Keys says the GENIUS Actwill be a game‑plan for growth. That law, approved on July 18, clears the way for US‑based stablecoin issuers by setting guardrails for audits, reserves and licensing. More than 50% of all stablecoins now run on Ethereum’s smart‑contract network. If stablecoin volumes hit the predicted trillions, that share would drive big fee gains for validators and dApps alike.
Smart‑Contract Network Attracts Institutional Flows According to Keys, institutional players will flock to Ethereum for settlements and real‑world tokenization. He compared Ethereum’s stablecoin grip to Google’s search dominance, noting Google has about 90% of all searches.
Banks and funds, he said, will find it easier to handle cash‑like tokens on a network built for programmable money. That view echoes strategist Tom Lee of FundStrat, who recently said Ether could jump to $15,000 by year‑end. Lee, however, still holds Bitcoin as well as Ethereum. SPAC Listing Raises Big Money Based on filings, the Ether Machine has teamed up with SPAC firm Dynamix Corporation to list under the ticker ETHM on Nasdaq. Keys is putting in $645 million of his own funds as an anchor investment. The combined company aims to raise $1.5 billion to back a treasury of ETH, staking operations and DeFi strategies. Investors like 10T Holdings, Pantera Capital and Electric Capital have already signed on. Competition From Layer‑2s And Other Chains According to on‑chain data, some activity is shifting to Layer‑2 networks such as Arbitrum and Optimism. Rival blockchains like Solana and Avalanche also host parts of the stablecoin market and NFT trades. That trend could spread transaction fees away from Ethereum mainnet, curbing some of its expected gains. Based on market chatter, some analysts worry about a cliff in SPAC deal flow. Closing the ETHM merger depends on shareholder redemptions and SEC review. There’s also regulatory risk over staking services, which the SEC may see as unregistered securities. Gas‑fee spikes during periods of heavy use could deter new users, too.$ETH #ether
SEC Set To Shake Up Bitcoin, Ethereum ETFs With In-Kind Approval
The US Securities and Exchange Commission is edging toward a structural makeover of spot‑Bitcoin and Ethereum exchange‑traded funds, after five Cboe BZX‑listed products simultaneously asked to swap their cash‑only creation and redemption model for the in‑kind mechanics long used by commodity and equity ETFs. Filings submitted late on 22 July cover the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF (together in SR‑CboeBZX‑2025‑010 Amendment No. 3), WisdomTree’s Bitcoin Fund (SR‑CboeBZX‑2025‑033 Amendment No. 1) and both the Fidelity Wise Origin Bitcoin Fund and Fidelity Ethereum Fund (SR‑CboeBZX‑2025‑023 Amendment No. 1). Each amendment rewrites language inserted in early‑2024 approval orders that had locked the trusts into cash creations and redemptions, substituting the phrase “cash or in‑kind transactions” and adding detailed settlement workflows for direct transfers of Bitcoin or Ether between the trust’s custodian and an authorised participant. Bloomberg ETF analyst James Seyffart, who first spotted the coordinated move, told his followers on X that the quintet of filings is “more positive signs regarding Bitcoin & Ethereum ETFs obtaining the ability to do in‑kind creation and redemption… This indicates to me that there is positive movement and likely fine‑tuning happening with the SEC.” Anticipating confusion, he added: “No, this is not going to be for retail or normies to trade in shares of their ETFs for the underlying asset or vice versa. This would only be for the Authorized Participants (think big wall street firms and market makers) […] This will make current and future crypto ETFs more efficient. But the vast majority of people won’t even see a difference because the products on the market now already trade extremely efficiently. This will treat crypto ETPs the same as other ETPs are treated.” Commenting on a time horizon when retail investors could use the in-kind redemption process, Seyffart added: “Would be cool to see consumers being able to withdraw and deposit actual ETH into the ETF with a certain threshold. I personally think withdrawals like this will eventually happen. But it may be in the distant future. One step at a time. This already exists for some gold ETFs.” Why In-Kind Matters For Bitcoin And Ether ETFs Under the cash model imposed when spot Bitcoin ETPs were finally approved on 10 January 2024, an AP delivers dollars to the fund, which then buys the cryptocurrency in the spot market; redemptions reverse the process. That design solved SEC concerns under Chair Gensler about custody and settlement risk but introduced two frictions: the trust itself must trade in the underlying market, and the resulting order flow can push net asset value away from share price when spot liquidity is thin. In‑kind processing hands those trades back to authorised participants. When creating shares the AP ships Bitcoin or Ether directly to the fund’s cold‑wallet; when redeeming it receives coins instead of cash. The structure is standard in the broader ETF ecosystem and is associated with tighter spreads, smaller primary‑market imbalances and material tax advantages because portfolio securities — or in this case, crypto‑assets — are released “in kind” rather than being sold and realising capital gains inside the fund. The SEC itself notes that ETFs “can be more tax efficient… because ETF shares generally are redeemable ‘in‑kind’.
Commodity trusts already employing in‑kind redemptions provide the regulatory template the crypto issuers are invoking. SPDR Gold Shares, for example, lets an authorised participant exchange a 100,000‑share basket for physical bullion, a feature that ultimately allows an individual investor to “take physical possession of the gold backing his or her shares,” albeit through a broker‑facilitated arrangement. By mirroring that language, the Bitcoin and Ether trusts argue they are simply seeking parity with existing commodity ETPs. Operational pressure has also mounted as primary‑market volumes grow. Since launch the eleven spot Bitcoin ETFs approved in 2024 have drawn nearly $55 billion in cumulative net inflows; market‑making desks face the hurdle of sourcing billions of dollars at 4 p.m. every settlement day — then unwinding the crypto exposure after the trust purchases coins. This ties up the balance sheet and widens spreads during volatile sessions. Allowing in‑kind hand‑offs lets desks source or hedge Bitcoin and Ether continuously and deliver the assets straight into the trust’s wallet at T + 0. At press time, BTC traded at $118,769.
Bitcoin Miner Mawson Fires CEO As Audit Uncovers Fraud Claims
Mawson Infrastructure Group’s board moved quickly this summer, cutting ties with its leader amid serious claims. On May 30, the company put CEO Rahul Mewawalla on notice for “Cause” under his contract. Days later, he was placed on administrative leave. Then, on July 8, his board seat was taken away and a lawsuit was filed in Delaware’s Court of Chancery.
The suit accuses him of fraud and breach of duty while at the helm of the Nasdaq‑listed Bitcoin miner. Key Rewards Then Sudden Fallout According to reports, just months before his ouster, Mewawalla received $2.5 million in cash bonuses and 1.2 million restricted stock units. His base pay was also raised to $1.2 million. Back then, Mawson praised his leadership, citing 36% revenue growth, a 35% jump in gross profit and cuts in SG&A expenses during his tenure. Board Names Interim CEO Kaliste Saloom, the company’s general counsel, was tapped as interim CEO for the Bitcoin mining company after Mewawalla was placed on leave. Saloom faces the task of steering the firm through what could be a long legal battle. Based on reports, the board is seeking to recover damages that it says stem from Mewawalla’s actions. At the same time, he has pushed back. In a July 17 letter, he “respectfully and vigorously” denied any wrongdoing and pointed to the board’s earlier public praise of his results. $BTC Ongoing Miner Dispute Adds Pressure This fight comes as Mawson is already tangled in another suit. Stone Ridge, which owns NYDIG, accused Mawson of wrongfully taking control of over 20,000 ASIC miners valued at about $30 million. The two sides had a colocation deal starting December 2023, set to end by March 2025. But disagreements over fees turned ugly. Mawson sent invoices totaling $1.9 million for space and power. Stone Ridge said there was a deal to cut energy use in the final month and disputed those bills. Mawson then changed the payout address for the miners and barred access to Stone Ridge staff, citing a contract clause that the other side says doesn’t apply. Investors will be watching both cases closely. If the board can prove its claims in court, Mawson might claw back millions and send a message about accountability.#bitcoin