Bitcoin Holds Firm At $118,000 As Trump’s Crypto Report Nears Release

Bitcoin remains steady at $118,000 as markets await the Trump administration’s highly anticipated digital assets report, expected to be released tomorrow. The report is the first major crypto policy report under President Trump and could mark a historic shift in US support for Bitcoin and related technologies.

The White House report is the result of months of work from the President’s Working Group on Digital Assets, led by David Sacks and Bo Hines. Crypto In America’s Eleanor Terrett, formerly of Fox Business, says it may include proposals for funding the strategic Bitcoin reserve, include further information on the national digital asset stockpile, regulatory clarity, and…

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Twenty One Capital CEO Jack Mallers Says Bitcoin Price Will Continue To Rise Above $150,000

In a bold and high-energy appearance on Bloomberg Crypto, Jack Mallers, CEO of Twenty One Capital, made clear his company’s ambition: to be the most dominant Bitcoin treasury in the world—and to ride Bitcoin’s value far past the six-figure mark.

Following the firm’s announcement that it expects to receive an additional 5,800 BTC from Tether ahead of its public listing, Mallers laid out the case for Bitcoin’s continued price surge, asserting that $150,000 per BTC is just the beginning.

“Is there enough Bitcoin for me at $120k? No. $130k, $140k, $150k? There’s always Bitcoin available—it just depends on what you’re willing to pay for it,” Mallers said….

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What would a dovish Fed look like?

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

It’s Fed Decision Day Eve, and while we’re all but certain interest rates will remain unchanged, tomorrow’s FOMC statement and Chair Powell’s press conference have potential to move markets. 

Investors are hoping for a September rate cut, and right now, they’re decently confident that’s what we’ll get. Markers are currently pricing in a 62% chance of a 25bps cut in September, per data from CME Group. 

What kind of language in tomorrow’s statement would assure markets that FOMC members are feeling dovish? For starters: any indication that tariff-related inflationary…

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Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered

Standard Chartered Bank says Ethereum ETH/USD-focused corporate treasuries have already purchased 1% of all ETH in just two months and could grow to own as much as 10% of the total supply.

What Happened: The projection reflects a shift in digital asset allocation strategy among public companies, with Ethereum gaining preference over Bitcoin BTC/USD due to yield-generating capabilities and regulatory arbitrage advantages.

According to a July 29 research note by Standard Chartered’s Digital Assets division, the volume of ETH bought by corporate treasury companies since early June has matched the strongest recorded flows into ETH exchange-traded funds (ETFs).

These ETH treasury companies…

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Wall Street Veteran Reconfirmed Bitcoin Price To Hit $444,000

Josh Mandell, the former Salomon Brothers and Caxton Associates trader who accurately predicted Bitcoin’s March 14 surge to $84,000, has reaffirmed his forecast that the Bitcoin price will reach $444,000 amid unprecedented institutional buying. “$444K IS THE DESTINATION,” Mandell wrote previously.

In a recent post on X, Mandell, whose trading portfolio grew from $2 million to over $23 million in the past year, reconfirmed his conviction in Bitcoin’s trajectory to $444,000. His latest statement comes as corporate treasuries continue to accumulate Bitcoin aggressively. He also predicts Bitcoin to hit $84,000 before it marches towards $444K.

Pool tables covered with…

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LATEST: Ether Treasury Companies Will Eventually Own 10% Of Supply, Says Standard Chartered

Corporate interest in Ethereum is rapidly growing, with institutional treasuries now holding 1% of ETH’s circulating supply, according to a report from Standard Chartered. The bank forecasts this could rise to 10% over time, marking a tenfold increase in corporate participation.

Companies like BitMine Immersion Technologies and SharpLink Gaming have begun adopting ether treasury strategies that generate passive income through ETH staking. Unlike bitcoin, ETH offers staking rewards, currently around 3%, and access to decentralized finance tools, giving it a unique advantage for corporate portfolios. The bank noted that ETH buying activity now rivals inflows into spot ether ETFs, which are also seeing record demand.

ETH has outperformed bitcoin in recent months, with the ETH/BTC ratio climbing from 0.018 in April to 0.032 in July. Standard Chartered believes this trend signals a longer-term shift in institutional crypto strategy. The bank maintained its year-end price target of $4,000 for ETH, which was trading around $3,830 at the time of the report.

Twenty One Capital To Acquire 5,800 Additional Bitcoin To Its Treasury

Twenty One Capital, Inc. announced today it will receive 5,800 additional Bitcoin from Tether at the closing of its business combination with Cantor Equity Partners (Nasdaq: CEP), pushing its total Bitcoin holdings to over 43,500 BTC. This acquisition positions Twenty One as the third largest corporate Bitcoin treasury globally.

The company says it acquired its Bitcoin at a blended average cost of $87,280.37 per BTC. Once listed, each share of Twenty One will represent around 12,559 sats and trade under the ticker XXI. A new metric, Bitcoin Per Share (BPS), will replace traditional EPS to let investors track performance in Bitcoin terms.

“We believe Bitcoin deserves a…

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Not every firm has the brand power to launch a stablecoin: Core VC

This is a segment from the Empire newsletter. To read full editions, subscribe.

Core VC’s David Roos is still pretty excited about all of the attention stablecoins are getting. 

And he’s clearly not alone, based on Bitwise data. 

“You’re seeing that this is an innovation that really has legs,” Roos added. Conduit, a stablecoin infrastructure firm, is one of Core’s portfolio companies. 

I asked him if he thought that everyone and their mother would launch stablecoins post-GENIUS, because we’ve already heard from a slew of interested firms, including Interactive Brokers.

“It’s not going to be like thousands of stablecoins out there, but I do…

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LATEST: RAKBANK First UAE Bank To Offer Crypto Trading For Retail Customers

RAKBANK has made history by becoming the first conventional bank in the UAE to offer crypto trading services to retail customers. The government-owned bank announced the launch of its crypto brokerage service through its mobile app, allowing users to buy, sell, and swap cryptocurrencies directly from their dirham accounts. This eliminates the need for external exchanges or currency conversions, making crypto transactions simpler and fee-free.

The new service is powered by Austrian fintech Bitpanda, and regulated through Bitpanda Broker MENA DMCC, under Dubai’s Virtual Assets Regulatory Authority. Customers can now enjoy seamless, secure, and fully regulated crypto trading directly through RAKBANK’s digital platform. The service is currently available by invitation, with wider access expected soon.

This move supports the UAE’s growing ambition to become a global crypto hub. With over 600 crypto companies already based in Dubai’s free zones and financial centers, RAKBANK’s initiative marks a major step in bridging traditional banking with the future of finance.

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