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- MyShell (SHELL) trades at CA$0.1708, consolidating between key support/resistance levels with potential for breakout. - 24-hour volume of CA$55M shows moderate liquidity, while price remains range-bound at $0.1202-$0.1385. - Outperformed broader crypto market (-3.7%) and gained 20.8% against ETH despite CAD decline. - Market cap at 27% of CA$170M FDV suggests growth potential if circulating supply increases. - Breakout above CA$0.1708 or below CA$0.1202 could attract institutional attention and liquidity.
- Luxury brands like Gucci and Prada leverage Ethereum's blockchain to tokenize high-end assets, redefining ownership and accessibility through smart contracts and standards like ERC-1400. - Tokenization enables fractional ownership of items like $500,000 Rolexes, democratizing access while integrating with DeFi protocols for liquidity and collateralization. - Regulatory clarity from EU's MiCA (2025) and institutional-grade platforms like Ethena solidify Ethereum's role in bridging luxury retail with crypt
- Gucci accepts Ethereum and Dogecoin at U.S. stores, part of its Web3 strategy including an NFT marketplace. - The move targets crypto-native younger consumers while mitigating volatility via fiat-convertible payment processors. - Dogecoin dipped 3% post-announcement, while Ethereum neared $4,891, with analysts projecting ETH to $22,000. - Luxury brands adopting crypto payments could boost institutional interest in digital assets with real-world utility. - Challenges like regulatory uncertainty persist, b
- Sharps Technology raised $400M via private placement, aiming to become a top Solana (SOL) institutional holder with potential $1B total funding. - The firm secured a 15% discount on $50M SOL from Solana Foundation and hired advisor James Zhang to scale its treasury strategy. - Proceeds will prioritize SOL acquisitions while shares surged 50% post-announcement, driven by institutional confidence and insider purchases. - The move mirrors MicroStrategy's Bitcoin strategy, positioning Sharps as a public vehi
- U.S. government publishes GDP data on Ethereum and Solana, elevating them as economic infrastructure over Bitcoin. - Ethereum's $300B GDP-like metrics (TVL, fees) and Solana's 65,000 TPS position them as programmable finance engines. - Bitcoin's 7 TPS and lack of on-chain programmability limit its role to macro hedge vs. Ethereum/Solana's broader utility. - Ethereum 2.0 upgrades and Solana's PoH consensus drive scalability, attracting $72B in institutional crypto assets.
This Wall Street giant has clearly stated that bitcoin is significantly undervalued compared to gold.
Although stablecoins, like traditional fiat currencies, rely on sovereign credibility, they are able to separate trust in sovereignty from trust in corporate power.
- XRP faces critical $3.10 resistance, with technical indicators suggesting potential breakout into $3.60+ range via bullish pennant pattern. - SEC's October 2025 ETF decision and RLUSD's $1.3T transaction volume highlight institutional adoption accelerating XRP's mainstream acceptance. - Whale accumulation of $3.8B XRP since July 2025 signals anticipation of price surge, reinforcing infrastructure-driven utility over speculation. - Break above $3.10 could trigger $4-$5 retest mirroring 2017 rally, while b
- 00:02Amplify submits application to the US SEC for an XRP Covered Call ETFJinse Finance reported that investment management company Amplify Investments submitted a preliminary prospectus for an XRP Monthly Option Income Exchange-Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) on August 29. The fund aims to balance high yield and capital appreciation by investing in XRP price returns combined with a covered call option strategy. Currently, the SEC still has a large backlog of crypto asset ETF applications pending review, including spot ETF proposals for XRP, Litecoin, Dogecoin, and Solana from institutions such as Grayscale, 21Shares, and Bitwise. Since the Trump administration took office, the SEC's stance on crypto ETFs has changed significantly, with rules approved in July allowing authorized participants to create and redeem crypto ETFs in physical form. As of August 28, Bloomberg data shows that there are more than 90 crypto-related applications awaiting SEC review. If approved, this would not be Amplify's first crypto ETF. The company also manages a fund investing in "equity of companies related to blockchain technology" and another covered call option income fund based on Bitcoin price returns. According to its official website, Amplify currently manages assets totaling $12.6 billion.
- 2025/08/29 23:43Grayscale submits S-1 filings for Cardano and Polkadot ETFsAccording to Jinse Finance, Bloomberg ETF analyst James Seyffart reported that digital asset management company Grayscale has filed S-1 registration statements for its Cardano (ADA) and Polkadot (DOT) exchange-traded funds (ETFs). These documents are a follow-up to the previously submitted 19b-4 forms by Grayscale, indicating that the company is continuing to advance its product listing process. This move is not an entirely new application, but rather part of its routine filing procedures.
- 2025/08/29 23:29Overview of Major Overnight Developments on August 3021:00 (UTC+8) - 7:00 Keywords: Stablecoin, Vance, Musk 1. Former CFTC Chairman: Stablecoins will replace failed currencies; 2. Vance: Ready to assume presidency if something happens to Trump; 3. Federal Reserve’s Daly hints at a possible rate cut in September, citing tension between dual mandates; 4. Musk’s lawyer to serve as chairman of the $200 million DOGE treasury company; 5. U.S. Treasury: Total value of foreign securities held to reach $15.8 trillion by the end of 2024; 6. U.S. senators hope to review a new crypto market structure bill by the end of September; 7. Lawyer for Federal Reserve Governor Cook claims fraud charges have become Trump’s “weapon of choice” for purging dissenters.