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US Commerce Dept. Puts GDP Data on Bitcoin, Ethereum and Solana Blockchains

by admin August 31, 2025



The Department of Commerce announced Thursday it has begun uploading its GDP data onto nine blockchain networks, and will also enter partnerships with decentralized oracle networks Chainlink and Pyth to integrate U.S. macroeconomic data within the decentralized finance (DeFi) ecosystem and the broader crypto economy. 

The department’s GDP data release for Q2 2025 has already been uploaded to Bitcoin, Ethereum, Solana, and six other blockchains: Tron, Avalanche, Stellar, and Ethereum layer-2 networks Polygon, Arbitrum, and Optimism. They were aided in that effort by crypto exchanges Coinbase, Gemini, and Kraken, the department announced.

Chainlink confirmed to Decrypt that the company was not involved in the effort to upload the GDP data directly onto those networks.

Going forward, the partnerships with Chainlink and Pyth will enable the dissemination of verified U.S. government data—including GDP statistics, the inflation-tracking Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers, a key measure of economic demand—across the DeFi ecosystem.

The initiative marks the first time that a federal government agency has ever published economic data on-chain. Commerce Secretary Howard Lutnick—whose Wall Street firm, Cantor Fitzgerald, is deeply involved in the crypto economy—teased the move at a White House cabinet meeting earlier this week.

What is the purpose of such an integration? Answers vary. Pyth, in announcing the partnership with the U.S. government, hailed it as a step towards “increas[ing] confidence in public information systems” through data transparency.

Chainlink more specifically celebrated the ways in which U.S. government data will now be able to be used to fuel and support DeFi activity. The company said Thursday the verified data will soon support related prediction markets, encourage the development of new types of crypto assets, and increase the adaptability of tokenized assets, among other use cases.



The Department of Commerce did not immediately respond when asked by Decrypt what tangible benefits its new on-chain initiative will offer the federal government, versus other means of data publication.

“It’s only fitting that the Commerce Department and President Donald Trump, the ‘crypto-president,’ publicly release economic statistical data on the blockchain,” Commerce Secretary Lutnick said today in a statement. “We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.”

The companies involved in today’s announcement have already benefited mightily from it. Pyth’s native token, PYTH, exploded by some 69% in value within minutes of the news breaking—a gain worth nearly $1 billion, in terms of the token’s fully diluted valuation.

Chainlink (LINK) popped a more modest 7.6% to $25.82, before settling back down to $24.76 at writing. The price gain was still, given LINK’s value, worth over $1.8 billion. The token notably, however, has surged over 40% in the last month—a pump worth over $7 billion.

Chainlink co-founder Sergey Nazarov has been a vocal supporter of the Trump administration’s crypto embrace this year, and attended both a White House crypto summit in March as well as President Donald Trump’s signing of the stablecoin-focused GENIUS Act there last month. 

“I just want to express my deep gratitude,” Nazarov told Trump at the crypto summit, “for the seriousness with which you are approaching our industry.” 

Editor’s note: This story was updated with additional details after publication.

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XRP Bullish Patterns Point to $5 as Korean Buyers Start to Accumulate

by admin August 31, 2025



News Background

  • XRP fell sharply alongside broader market weakness, retreating 4.3% in the 24-hour session from August 28 at 13:00 to August 29 at 12:00.
  • On-chain data showed Korean exchanges absorbing 16 million XRP (≈$45.5 million) during the selloff, pointing to regional institutional demand even as retail wallets reduced exposure.
  • South Korea has historically been a driver of speculative crypto trading, often leading price action in certain altcoins (sometimes called the “Kimchi Premium” effect).
  • If large wallets associated with Korean exchanges or institutions are accumulating at support, it suggests regional demand is stepping in to absorb retail selling pressure, effectively putting a floor under XRP.
  • For global traders, that sets up a narrative of distribution vs. accumulation: while some whales were moving $200 million in DOGE to Binance (a distribution signal), Korean desks were adding XRP exposure (an accumulation signal).
  • XRP Ledger activity picked up, with active addresses climbing 20% in three days ahead of the Sept. 12 Decentralized Media launch.
  • Chinese fintech firm Linklogis integrated its trillion-dollar supply-chain financing platform with XRP Ledger, boosting its equity 23% and underscoring enterprise adoption.

Price Action Summary

  • XRP slid from $3.02 to $2.89 in the 24-hour window, a 4.30% decline across a $0.17 (5.75%) range between $3.02 peak and $2.85 low.
  • Heavy selling at 15:00 GMT on Aug. 28 drove prices down to $2.77 on 96.19 million volume, more than double the 24-hour average of 43.48 million.
  • Buying support emerged at $2.85–$2.86, with volumes above baseline during the 07:00–09:00 GMT recovery push on Aug. 29.
  • In the final hour (11:56–12:55 GMT), XRP bounced from $2.87 to $2.89, touching $2.91 at 12:31 on a 19.6 million spike.

Technical Analysis

  • Support: Key base at $2.77, reinforced by strong volume absorption; $2.85–$2.86 now acting as an accumulation zone.
  • Resistance: $2.91 short-term cap; $3.02 remains the dominant ceiling from repeated rejection.
  • Momentum: RSI lifted from 42 (oversold) into the mid-50s, showing recovery momentum.
  • MACD: Histogram tightening toward a bullish crossover, indicative of potential upside if buyers sustain pressure.
  • Patterns: Symmetrical triangles and double-bottom setups align with a broader cup-and-handle formation that some analysts see extending toward $5–$13 targets.

What Traders Are Watching

  • Whether $2.85–$2.86 support continues to hold against renewed selling.
  • A confirmed break above $3.02–$3.04 resistance as the first trigger for a run toward $3.20.
  • Downside risks open if $2.77 fails, with $2.70 as the next support.
  • Institutional accumulation on Korean exchanges and corporate flows remain the key driver for sustaining momentum into September’s event calendar.



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XRP Derivatives Volume Jumps 30%, What Next?
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XRP Derivatives Volume Jumps 30%, What Next?

by admin August 31, 2025


On August 30, the XRP derivatives data from Coinglass showed strong activity in the market. 

Trading volume surged 30.36% to $9.00 billion, while open interest rose 3.03% to $7.99 billion, indicating growing participation. 

Source: Coinglass

On the options side, the volume dipped 1.54% to $3.74K, but options open interest climbed 20.56% to $1.24 million, suggesting increased longer-term positioning despite lighter near-term trading.

XRP price in trouble

XRP is showing signs of trouble as technical indicators point to growing instability in the market. Data from the three-hour chart reveals significant dilation in XRP’s Bollinger Bands, a signal of intense volatility. Prices have already tested the lower band at $2.85, suggesting mounting downside pressure.

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The recent decline was triggered after the token slipped below the $3 level, prompting traders to exit positions and adding to selling momentum. This drop has fueled uncertainty among investors, who appear to be adopting a more cautious stance in the broader market environment.

Veteran trader Peter Brandt has weighed in on the situation, describing XRP’s current price action as “very negative.” 

I post what I see. I assume strong opinions — always weakly held. I am wrong as often as I am right. If you are offended by my charts, then that is your problem
The chart of XRP is potentially very negative pic.twitter.com/r7PjhCSK1A

— Peter Brandt (@PeterLBrandt) August 29, 2025

His analysis highlights the formation of a descending triangle pattern on the charts, typically viewed as a bearish signal that could precede further declines if support levels fail to hold.





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The GENIUS Act is too little, too late for US crypto
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The GENIUS Act is too little, too late for US crypto

by admin August 31, 2025



Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

Trump’s GENIUS Act is in the hot seat of global crypto news, and everyone’s got an opinion on what it might mean for U.S. DeFi. For me, at least, while it’s certainly a good step forward, Trump’s move will simply not be enough to topple the UAE from the crypto throne. Regardless of this new legislation, the UAE will forever be the industry’s heavyweight champion.

Summary

  • GENIUS Act ensures stablecoin backing, AML compliance, and consumer protection, yet won’t kick in until mid-2026 and leaves most digital assets untouched.
  • UAE set the pace years ago, with FSRA (2018) and VARA (2022), plus tailored licensing, custody rules, and fraud prevention, the UAE built a mature crypto framework while the U.S. lagged.
  • The UAE’s Digital Dirham and zero-tax regime make it a magnet for investors, while the U.S. bans CBDCs and burdens crypto with high taxes.
  • Innovation follows capital — With 500+ crypto startups, record FDI, and OKX choosing it for retail derivatives, the UAE has cemented itself as the world’s crypto hub — far ahead of the U.S.

Now, don’t get me wrong, the GENIUS Act is certainly a positive, proactive piece of crypto policymaking from the U.S. government. It will ensure that stablecoins are pegged one-for-one by their respective assets, treat issuers — like Tether (USDT) — as financial institutions under the Bank Secrecy Act, and provide stronger consumer protection by holding issuers to a higher standard of anti-money laundering compliance.

It’s just not enough 

The legislation, signed last month, only addresses stablecoins — not digital assets as a whole. Plus, it won’t take effect until at least mid-2026, as regulators still need time to craft the necessary rules for implementation. Even with it, the fact is that the country will still be a far cry away from the “crypto capital of the world” that President Trump promised.

Realistically, if the U.S. ever had any hope of taking the UAE’s crown, it needed to be quicker out of the blocks. GENIUS is too little, too late, and there are a few reasons why. 

For a start, the UAE began refining its crypto regulation as early as 2018, with the establishment of Abu Dhabi’s Financial Services Regulatory Authority (FSRA). Dubai then established the Virtual Assets Regulatory Authority (VARA) in 2022. All in all, the region offers a mature regulatory infrastructure that provides bespoke licensing, trading, custody oversight, and fraud prevention for crypto. The GENIUS Act may be the United States’ first landmark crypto regulation, but, frankly, it’s seven years too late to compete.

Then there’s the fact that the Central Bank is launching its own CBDC — the Digital Dirham — which will be supported by all financial institutions registered in the UAE as soon as 2026. For me, the jury is out on the efficacy of CBDCs, but nonetheless, the UAE is going beyond simply accepting digital currency to making it a pillar of its economy. 

The U.S., on the other hand, has gone in the complete opposite direction — Trump has signed an executive order preventing federal agencies from issuing or endorsing central bank digital currencies. So, it’s not just a feeling that the U.S. is light-years behind — the fact is that the U.S. has actively positioned itself against some developments in the decentralized finance space.

Of course, there is also another — and perhaps more obvious — nail in the coffin for the U.S.’s crypto ambitions. Tax. 

The UAE imposes zero tax on income and capital gains made from crypto, which is, by all means, an attractive incentive. Compared to high-tax jurisdictions like the EU and the U.S., it’s an obvious top choice for investment activity. Put simply, instead of turning away from crypto activity and investment, the country is actively encouraging it.

In light of the above, it’s clear why the UAE has become the perfect incubator for DeFi innovation. And where investment goes, innovation follows.

OKX, the world’s second-largest cryptocurrency exchange, is underway with launching regulated crypto derivatives for retail investors in the region, where access was previously gatekept for professionals. OKX’s choice of the UAE as its launchpad only reinforces the country’s position as a superior crypto market. OKX and its people have been drawn to the UAE by its mature infrastructure, clear regulatory environment, and consistent innovation.

Of course, the UAE is well incentivized to keep a tight hold on its title as crypto’s first-choice market. The country is home to an astronomical 516 crypto startups and over 1,000 blockchain tech startups. Plus, the country’s foreign direct investment is at an all-time high after bringing in a record-breaking AED 167.6 billion in capital inflows in 2024 — making it the world’s 10th largest recipient of FDI. Considering everything, I can’t imagine the UAE’s conveyor belt of crypto-positive regulations will slow down anytime soon.

If the U.S. is still aspiring to become the world’s pre-eminent crypto superpower, it’ll need to fight tooth and nail. But as things stand, their latest legislation isn’t timely or mighty enough to get them over the line.

Perhaps FDI is why the UAE’s government has thrown its full support behind DeFi advancements, or maybe it’s that the UAE already has the highest Bitcoin (BTC) ownership rate worldwide. Either way, with its regulatory, innovation, and tax benefits, the country has pulled far ahead — and I don’t see any other international market bridging the gap any time soon.

Fiorenzo Manganiello

Fiorenzo Manganiello is the co-founder and managing partner of investment firm LIAN Group. At LIAN Group, he has built and funded many successful technology companies across cryptocurrency, blockchain, digital infrastructure, and healthcare. Outside of the day-to-day of LIAN Group, Manganiello is an enthusiastic art collector and is particularly interested in contemporary and digital art. He is also a professor of blockchain technologies at Geneva Business School. 

 



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August 31, 2025 0 comments
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Myriad Moves: Will Dogecoin Pump or Dump? And How Big Will SharpLink’s Ethereum Treasury Get?

by admin August 31, 2025



In brief

  • Top markets on Myriad this week focus on Dogecoin’s next move, SharpLink’s Ethereum holdings, and the U.S. Open.
  • Predictors think SharpLink Gaming will achieve its goal of accumulating 1 million ETH by September 16.
  • They also lean bullish on DOGE, expecting a pump to $0.30 before a dump to $0.15.

Have a strong opinion on who’s taking home the U.S. Open men’s singles title, where Dogecoin’s price is headed, or SharpLink Gaming’s path to holding 1 million Ethereum (ETH)?

You can make your call on those hot topics and many more via Myriad Markets’ prediction markets on Ethereum layer-2 networks Abstract and Linea.

Prediction markets have quickly become one of crypto’s most popular consumer apps, giving users a chance to put their money where their mouth is on everything from sports and pop culture to token prices and corporate moves. 

Here’s a look at the hottest Myriad markets this week.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

Will SharpLink (SBET) hold 1M ETH by September 16?

Market Open: August 6
Market Close: September 14
Volume: $8.96K
Link: See the latest odds on the “Will SharpLink (SBET) Hold 1M ETH by September 16?” market on Myriad

Minneapolis-based SharpLink Gaming adopted an Ethereum treasury strategy in April and has already amassed more than $3.6 billion worth of the second-largest crypto asset by market cap.

But the firm doesn’t want to stop there, aiming to acquire 1 million ETH as its first major milestone. Thus far, it sits nearly 80% of the way there, having acquired just shy of 800,000 ETH as of its latest announcement on Tuesday.

Predictors on Myriad though are asked whether or not the firm will complete its goal in the coming weeks and stash away 1 million ETH by September 16. 

As of Thursday morning, predictors give the firm around a 56% chance of accomplishing the feat, a drop of around 14% in the last week despite SharpLink’s recent addition of more than 55,000 ETH. 

In its Tuesday announcement, the firm also indicated it has around $200,000,000 in cash on hand ready for ETH purchases and had raised an additional $360 million via its at-the-money (ATM) offering to do the same. 

With that much purchasing power, it could add around 122,000 ETH based on today’s Ethereum prices. Unfortunately though, even a major purchase of 122,000 ETH would leave SharpLink about 80,000 ETH shy of its target. 

Plus, the firm has only ever purchased more than 100,000 ETH on two separate occasions according to data from StrategicETHReserve.xyz. 

But it may not need a major splash purchase in order to accomplish the task by September 16. 

SharpLink only needs to average around 67,000 ETH for each of the next three weeks to get the job done—an amount it exceeded with six of its last seven Ethereum acquisitions.

What’s Next? The firm typically announces its purchases on Tuesdays. There are three Tuesdays left before the market resolution. 

Will Sinner win the U.S. Open men’s singles title?

Market Open: August 14
Market Close: September 7
Volume: $30.6K
Link: See the latest odds on the “Will Sinner Win the U.S. Open Men’s Singles Title?” market on Myriad

Tennis is back in the Big Apple, wrapping the tennis calendar’s Major Championship season with a final two-week event in New York City—the U.S. Open. 

Reigning champion and recent Wimbledon victor Jannik Sinner is the favorite, and Myriad predictors are tasked with identifying whether or not he’ll raise the trophy once more. 

As play enters the second round, predictors are split, giving Sinner a 51.4% chance of walking out of New York with his second straight U.S. Open crown. But rival Carlos Alcaraz is still in the draw, and so is 24-time major champ, Novak Djokovic. 

Nevertheless, the odds are in line with those from traditional sportsbooks like DraftKings and FanDuel, which offer Sinner at -105 in American odds or around a 51.22% implied probability. 

Odds for the Italian have jumped around 4% in the last seven days on Myriad as his draw has eased up, losing top British talent and #5 seed Jack Draper to injury withdrawal.

On the other side, Alcaraz—the second-most likely to win the tournament—will face a much tougher road to the final, potentially needing to get through Americans Ben Shelton or Taylor Fritz, and maybe even Djokovic, who all grace his side of the bracket. 

What’s Next? Sinner will play his second round match at 12:30p.m. ET on Thursday. 

Dogecoin’s next move: Pump to $0.30 or dump to $0.15

Market Open: August 25
Market Close: Open Until Resolved
Volume: $924
Link: See the latest odds on the “Dogecoin’s Next Move: Pump to $0.30 or Dump to $0.15” market on Myriad

Bitcoin and Ethereum have both made new all-time highs this year—both this month, even—but Dogecoin still sits more than 69% off its top mark of $0.73 from 2021. 

Yet, whales are still stacking the meme coin anyway, and its market cap is still high enough to fall inside the top 10 of all crypto assets according to data from CoinGecko. 

A new prediction market on Myriad asks predictors to guess the token’s next move—a pump to $0.30 or dump to $0.15. With the token price stuck right in the middle, trading hands at $0.22 as of Thursday morning, predictors are also split down the middle. 

Odds for a pump to $0.30 edge out a dump, priced at 54% at the time of writing as Dogecoin has climbed around 2% in the last 24 hours. 

The token has jumped over 100% on the year, but will need another 33% boost to reach $0.30 from here—a mark it hasn’t held since February. 

What type of catalyst might help propel it further? It won’t immediately come from an ETF. The Securities and Exchange Commission (SEC) recently announced it was delaying its decision on a spot Dogecoin ETF applied for by Grayscale. 

But “believers” are still accumulating the asset, with an analyst recently telling Decrypt that “long-run investors [are] positioning for potential upside.”

Will those believers be rewarded with $0.30 DOGE soon? Dogecoin is the only non-stablecoin asset in the top 10 cryptocurrencies that hasn’t hit an all-time high in the last year, so maybe it’s due for a serious surge. Maybe not.

What’s Next? Though delayed, decisions on spot ETFs for Dogecoin and other alternative cryptocurrencies could come by October according to Bloomberg ETF analyst, Eric Balchunas.

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A Q&A With Austin Federa on DoubleZero

by admin August 31, 2025



As blockchain ecosystems mature, the speed and efficiency of the infrastructure for nodes have become more than just technical considerations —they’re strategic imperatives. Leading the charge in this space is Austin Federa, former Head of Strategy at the Solana Foundation, who is gearing up to launch DoubleZero, a protocol designed to redefine how blockchains communicate and scale.

In a wide-ranging conversation with CoinDesk, Federa delved into the motivations behind DoubleZero, the challenges it addresses and that may come out of it, and why its vision for a high-performance networking layer could be the foundation for the next generation of decentralized systems.

DoubleZero was first announced in December 2024 as a blockchain layer aimed to be faster than the internet and therefore crucial for crypto trades. Since then nearly 12.57% of SOL staked is operating on the DoubleZero testnet. The mainnet launch is expected to happen sometime in September.

This interview has been edited for brevity and clarity.

CoinDesk: Explain how DoubleZero works to someone who is new to crypto.

Austin Federa: I think one of the easiest ways to explain what we’re building is we’re building crypto’s version of Flash Boys.

That really was this transformational moment where people kind of realized that your edge in execution on a centralized trading venue, was no longer your actual trade logic or the speed of the computer that you have hooked up to the market, it is how quickly you can get data between different points where market events occur. That was kind of a really big change in the industry, because transit time was not [previously] considered to be terribly important.

You can go back and watch Formula 1 races from the 80s, they’re just taking a cigarette break during a pit stop, and then someone realized “oh man, we’re actually leaving a lot of time on the track by these pit stops not being optimized.” And it really is something quite similar in the trading space.

So for crypto, the idea of using something that’s faster than the public internet (that you can use a network that you can use technologies on that are not available on the public internet), it’s not necessarily a new idea. The problem was, until DoubleZero came along, it would have to have been run by one centralized company and not allow for multiple independent contributors.

The main technology, philosophy and economic unlock of the DoubleZero protocol is that it allows multiple contributors that have their own fiber networks to contribute portions or all of that fiber network to the DoubleZero network. It builds a giant, extremely high performance fiber mesh network that connects people all around the world.

CoinDesk: Why build for Solana?

Federa: We’re not actually built on Solana. We do have a separate ledger system, but it’s not a network that anyone ever deploys a smart contract to, it really is just an accounting database.

The reason that we’re supporting Solana first…is because Solana is pretty unique. If you look at fast blockchains, and then you look at node count, there’s a ratio of transactions per second to number of nodes, no one comes even close to Solana.

Any network that is anywhere near the performance of Solana has a 1/5th to a 1/10th of the number of actual nodes. And so the communications problem is an exponential problem. The more nodes you have in the system, and the more places you need to get data to go, the more bandwidth you need, the more the communication becomes a bottleneck.

So the bigger and the faster you get a blockchain network, the more communication becomes a bottleneck for that network moving quickly. And so the real goal behind what we’re doing is to allow blockchains to go faster than the public internet, without having to drop node count or add centralization.

We think DoubleZero has a lot more applications than just Solana, and a lot more applications than just blockchain. But it is the place where there’s the biggest need at the moment. You look at the other blockchains out there, and they just don’t have these problems yet.

CoinDesk: How does staking on Solana tie to DoubleZero?

Federa: We have a stake pool that is staking to nodes on DoubleZero. As a percentage of stake, it’s quite small, it’s about 3 million SOL, (there’s 500 million SOL), so it’s not a huge amount of SOL. That was originally conceived of as a way to help subsidize the cost of validators running on our testnet, but turned out people were just very interested in running on testnet, and so that’s been a really nice tool for getting more people on board with the network.

When we launch mainnet data in September, that’s going to be over 50 different fiber links right now. Currently its at eight. Many of the links will be 10 times faster than the connections that we have today in terms of their capacity. So going from 10 gigabit to 200 gigabit connections.

We see a future where, when you get enough stake operating on the DoubleZero network, protocol designers at Solana are now able to jack up limits way higher than they can on the public internet, because there’s more capacity offered on DoubleZero than is available to validators operating on the public internet today, and it’s a lower latency connection. So the data transmission actually, not only can you send more data, but that data arrives more quickly than it would otherwise.

CoinDesk: So in your world there are two scenarios here: you have the public internet, or you have something like a DoubleZero. If you want to get something done faster, quicker, or other benefits for your trade, you go the DoubleZero route. Does that then create a performance inequality between validators on Solana?

Federa: We get a version of this [question] a lot. And the question to ask yourself is, is the internet a centralizing force? The internet is basically just 20 companies that have most of the connectivity. And today if all of the OECD countries suddenly said, “no more crypto,” basically everything but bitcoin is hosed.

So when we’re honest about what we’re feeling about here, the importance is not to get rid of the internet entirely. It is to make sure the internet is there as a fallback, as a censorship resistance path. And so if DoubleZero is offline, or if there is a bad actor in the DoubleZero network that decides to try and censor blocks or something along with censored data moving through it, two things will happen:

One, this is why we have nine independent contributors on the network, so data will just route around them, and we can basically kick a contributor off the network. And the second thing is, we always have the public internet to fall back on. Now that may require Solana dropping from 500,000 transactions per second to 10,000 transactions per second. But that’s not a bad failback state.

That’s kind of your classic, “there’s a traffic jam on the highway, I’ll take the county road at the moment.”

CoinDesk: So mainnet is coming very soon. What’s happening between now and then?

Federa: It’s a lot of testing, it’s a lot of making sure that we’re fully ready to go. And then it’s obviously a token-based project. So there is a token launch that will go along with that as well, also in the month of September.

Read more: DoubleZero’s ‘New Internet’ for Blockchains Nabs $400M Valuation from Top Crypto VCs



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Shiba Inu Sees Sudden 10% Price Surge on Coinbase, What's Going On?
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Shiba Inu Sees Sudden 10% Price Surge on Coinbase, What’s Going On?

by admin August 31, 2025


As seen on a TradingView chart, Shiba Inu suddenly saw a sharp price spike on the Coinbase crypto exchange, as its price swung from a low of $0.00001203 to reach $0.00001303.

The price action has formed an intraday candlestick with a long upper wick, which suggests that Shiba Inu buyers pushed its price higher, but sellers eventually emerged, driving the price down subsequently.

The price surge corresponds with a 169% surge in trading volumes for the SHIB/USD pair on Coinbase, according to recent CoinGlass data.

Shiba Inu (SHIB) Daily Chart, Courtesy: TradingView/Coinbase

Around the time of writing, Shiba Inu had retraced its gains in line with the broader market drop. Shiba Inu was recently trading at $0.00001238, up 1.51% in the last 24 hours, according to CoinMarketCap data.

What happened?

Shiba Inu saw a sharp drop on Friday, falling to a low of $0.00001199 after having traded at a high of $0.00001272 earlier.

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On Saturday, Shiba Inu sharply rose from $0.000012, a level confirmed as support with multiple retests toward August’s close. For instance, Shiba Inu saw a sharp surge on Aug. 22 from the $0.000012 support, reaching $0.0000135 consequently.

This trend repeated in today’s session, which saw SHIB rise again from $0.00001203 to reach $0.00001303, posting a large green daily candlestick. This corresponds with increased activity in the derivatives market, with volumes reaching $200.16 million.

According to CoinGlass, the long short indicator for Shiba Inu is currently at 1.05, implying more buyers than sellers in the market, which might explain in a way the recent price move.



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El Salvador Shields $678M From Quantum Threat

by admin August 31, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records.

The country transferred 6,274 BTC — roughly $678 million at current prices — out of a single address and into 14 separate addresses, with each new address holding up to 500 BTC.

Split Wallets To Limit Exposure

Based on reports from the Bitcoin Office, the move was meant to reduce the impact of any future quantum breakthrough.

Officials said the shift was a simple, defensive step. Once funds are spent from a Bitcoin address, the address’s public key becomes visible on the blockchain.

That public key, people warn, would be the target if quantum machines ever reached the ability to solve elliptic curve cryptography.

El Salvador is moving the funds from a single Bitcoin address into multiple new, unused addresses as part of a strategic initiative to enhance the security and long-term custody of the National Strategic Bitcoin Reserve. This action aligns with best practices in Bitcoin…

— The Bitcoin Office (@bitcoinofficesv) August 29, 2025

According to Project Eleven, 6 million Bitcoin — worth around $650 billion — could be exposed if such a capability ever arrived.

The math behind the concern is clear: Bitcoin private keys use 256-bit values, and current quantum systems running Shor’s algorithm have not even cracked a three-bit key.

Quantum Risk Is Largely Theoretical

Experts say practical quantum attacks on Bitcoin are not imminent. Project Eleven and other researchers emphasize that the threat remains theoretical for now.

No public quantum computer has demonstrated the power needed to threaten modern cryptography.

El Salvador moves Bitcoin into 14 separate addresses. Source: Mempool.space

Michael Saylor commented in June that warnings about quantum attacks are overblown and that if a real threat appeared, upgrades to Bitcoin software and the hardware ecosystem would be implemented.

The argument follows a simple logic: software and hardware can be changed; cryptography can be upgraded. That does not make the risk zero. It only puts the danger far down the timeline for most observers.

BTCUSD now trading at $108,720. Chart: TradingView

The technical point driving this action is straightforward. When coins leave an address, the blockchain reveals the public key connected to the private key used to sign that transaction.

If a powerful enough quantum computer later appears, that public key could, in theory, be used to derive the private key and drain the address.

By spreading funds across 14 addresses, El Salvador reduces the maximum amount exposed if any single wallet is compromised after spending.

Image: Utimaco

What This Means For Other Holders

Custodians and large holders may take notice of low-cost steps. The move is small in operational cost but large in symbolism.

Other governments, exchanges, and big holders keep watching cryptography advances; splitting large holdings is one straightforward technique they can use without changing how Bitcoin itself works.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Why Pepeto leads over other coins in growth potential
NFT Gaming

Why Pepeto leads over other coins in growth potential

by admin August 31, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Pepeto presale hits $6.4m, eyeing 2025 bull run dominance over its rivals.

Summary

  • Pepeto presale raises $6.4m with zero fee tools and 236% APY staking for early buyers
  • At $0.000000150 Pepeto offers meme power plus real products for massive bull run gains
  • Audited contracts whale backing and fair tokenomics make Pepeto a breakout 2025 presale

Which presale will lead the 2025 bull run and bring the breakout gains investors are chasing? The market is full of new projects, but not all are built to last. In the middle of this noise, Pepeto (PEPETO) is standing out. 

While names like Bitcoin Hyper are getting some attention, Pepeto is gaining real momentum with audited contracts, whale buying, and live tools that most presale tokens do not have.

With more than $6.4 million raised, over 100,000 community members, and a presale price of just $0.000000150, Pepeto has become the strongest player in the presale space. Its mix of meme energy and working products gives it a clear edge in a market often driven only by hype. But how does it compare to projects like  Bitcoin Hyper that are also looking for investors?

Bitcoin Hyper fast but dependent

Bitcoin Hyper (BTH) promotes itself as a quicker, cheaper version of Bitcoin. That idea appeals to some BTC fans, but its future depends on Bitcoin’s growth. Without its own independent drivers, its upside is capped.

Pepeto, however, is building an ecosystem that grows no matter what happens to Bitcoin. With over 100,000 members, audits by Coinsult and SolidProof, and whales buying during presale, Pepeto’s path is independent and gives it a stronger curve for growth.

Is Pepeto the best crypto presale right now?

Pepeto’s edge is clear. It comes with PepetoSwap, a zero fee decentralized exchange, and PepetoBridge, a cross chain solution. These directly fix everyday issues traders face, making Pepeto more than just another meme. It is a utility backed token.

Staking is another strength. Early buyers can earn live yields of 236% APY, giving strong reasons to hold and supporting stability as it heads to exchanges.

Momentum is rising fast. At just $0.000000150, Pepeto has already raised over $6.4 million. Each presale stage lifts the price, rewarding early investors and adding urgency. Analysts are comparing its setup to Shiba Inu’s early days but with stronger fundamentals. A $10,000 buy now secures billions of tokens with real seven figure potential once Pepeto grows.

Why Pepeto is built for the future

Pepeto mixes meme culture with real tools that last. PepetoSwap removes trading fees while PepetoBridge enables safe cross chain transfers. These solve real trader problems and make the project sticky beyond hype.

Its tokenomics are balanced and sustainable:

  • 30% Presale to secure liquidity and wide distribution
  • 30% Staking with live 236% APY to reward holders
  • 20% Marketing to power global campaigns
  • 12.5% Liquidity to keep trading smooth
  • 7.5% Development for upgrades and new features

There are no team wallets and no trading tax, keeping investor incentives safe. With audits by Coinsult and SolidProof, transparency is built into the model.

This setup creates a strong foundation. Zero fee trading keeps users, the bridge expands reach, and fair listing rules make Pepeto a hub and not just another memecoin. With rising presale stages, whale support, and a large community, Pepeto has growth designed to compound.

Conclusion Pepeto leads this cycle

Bitcoin Hyper may find small spaces, but Pepeto has real mass market potential. Its audited design, fair tokenomics, working products, and powerful staking give it the same explosive setup SHIB once had but with stronger foundations. Pepeto trades at $0.000000150 and has raised more than $6.4 million. With whales already entering and the price climbing each stage, the chance to buy at this level will not last.

Pepeto is not just another presale. It is a cycle defining opportunity. The only question is how high it will climb once Tier 1 listings arrive.

Disclaimer: To buy Pepeto, use only the official website. As the listing date approaches, be careful of scams using the project’s name to trick investors. Always check official sources before investing.

To learn more about PEPETO, visit its website, Telegram, Instagram, and Twitter.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.





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Decrypt logo
NFT Gaming

Fintech Rain Raises $58 Million to Fuel Stablecoin Push on Visa Network

by admin August 30, 2025



In brief

  • Stablecoin fintech Rain has raised $58 million.
  • The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures, and Samsung Next.
  • Stablecoins are a hot topic since President Donald Trump signed the GENIUS Act.

Stablecoin-backed card company Rain, which partnered with Visa this year, has raised $58 million as part of a series B funding round, the company said in an announcement Thursday. 

The raise brings the company’s total funding to $88.5 million. Rain, which closed its A round five months ago, said the money would be used to grow the firm’s platform and “give global institutions the most flexible, modular, and compliant stablecoin infrastructure available.”

Venture capital firm Sapphire Ventures led the funding round, with Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest also contributing. 



“Stablecoins are shifting to the backbone of global commerce,” Rain CEO and co-founder Farooq Malik said. “In its earliest form, money moved instantly. We’ve spent centuries slowing it down.”

Rain this year partnered with Visa to push ahead with its stablecoin-linked cards. 

In the release, Rain said that is intent on making stablecoins “instantly usable anywhere Visa is accepted through its physical and virtual card programs, processing millions of transactions across 150+ countries.”

The company said that it had grown transaction volume by tenfold this year with such portfolio partners as Nuvei, Avalanche, Dakota, and Nomad using Rain infrastructure for merchant payouts, everyday consumer purchases, B2B spend, and cross-border payroll.

Visa has been making major inroads into the crypto space, particularly with stablecoins. In April, it partnered with Bridge, a unit of payment services provider Stripe, to offer stablecoin-linked debit cards in Latin American countries. In 2021, it announced that it supported USDC on Ethereum.

Stablecoins are digital tokens running on blockchains that are pegged to non-volatile assets, usually dollars. With a stable value, such cryptocurrencies were previously used by traders to enter and exit digital asset trades without the need for banks.

But now, banks, major companies, including Meta and Amazon, and even U.S. states are all interested in issuing the tokens, which are supposed to accelerate payments leveraging blockchain technology. 

U.S. President Donald Trump in July signed the GENIUS Act into law, establishing a framework for issuing and trading stablecoins in the U.S.

“Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent,” said Sapphire Ventures President Jai Das, who will join Rain’s board. “Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce.”

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