Cryptocurrency markets are trading higher, driven by high institutional and retail interest, supported by optimistic <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47004929/trumps-crypto-retirement-move-sparks-bitcoin-surge-how-much-higher-can-it-go" target="_blank" rel="noopener">regulatory developments.</a>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$116,439.73</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,051.48</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$177.78</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.29</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2277</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001321</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transactions decreased by 2.4% and grew 15.7%, respectively, in a single day. Daily active addresses decreased by 1.7% and increased by 1.3%, respectively.</li>



<li>CoinGlass data shows 106,668 traders were liquidated in the past 24 hours for $332.89 million.   </li>



<li>The top gainers/losers in the past 24 hours include Aerodrome Finance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AERO</a>), Pendle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PENDLE</a>) and Lido DAO (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">LDO</a>).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47005488/blockchain-meets-the-stratosphere-world-mobile-launches-high-altitude-connectivity-aircraft-with-protelindo">Blockchain Meets The Stratosphere: World Mobile Launches High-Altitude Connectivity Aircraft With Protelindo</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47002088/can-a-crypto-quant-firm-scale-like-a-hedge-fund-algoz-thinks-so-heres-the-data">Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So Here&#8217;s The Data</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47007128/coinbases-dex-trading-rollout-hidden-gem-tokens-instant-listings-zero-network-fees">Coinbase&#8217;s DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995987/stablecoins-under-fire-in-china-while-us-enacts-a-federal-stablecoin-law">Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995074/blocks-bitcoin-holdings-surge-under-new-accounting-rules-now-worth-nearly-a-billion-dollars">Block&#8217;s Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46983906/ripple-acquires-rail-for-200-million-to-expand-stablecoin-payments-infrastructure">Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure</a></li>
</ul>



Trader Notes: Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1953890860548206727" target="_blank" rel="noopener">says</a> BTC has hit a natural pause at the range equilibrium, with choppy lower-timeframe action. The bias remains for a move into the $120,000 in the short term.



Crypto Chase <a href="https://x.com/Crypto_Chase/status/1953847877450531041">noted </a>BTC is at a crucial support — bulls need to hold it or risk a deviation with liquidity below. Heading into the weekend, the plan is to exercise patience, watching for either a drop toward approximately $110,000 or a breakout above roughly $120,000.



Crypto chart analyst Ali Martinez highlighted that the MVRV ratio has just flashed a golden cross for XRP, a signal that previously preceded rallies of 630% and 54%.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The last two times the MVRV ratio flashed a golden cross, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> soared 630% and 54%. That signal just appeared again. <a href="https://t.co/rnavmDvscq">pic.twitter.com/rnavmDvscq</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1953888440895873511?ref_src=twsrc%5Etfw">August 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto General <a href="https://x.com/DaCryptoGeneral/status/1953848353810215167" target="_blank" rel="noopener">sees</a> the Ethereum surge as planned. While short-term positions are booked, the next plan will come after a close above $4,000.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47007877/every-bitcoin-crash-looked-like-the-end-how-this-correction-stacks-up">Every Bitcoin Crash &#8216;Looked Like The End&#8217;—How This Correction Stacks Up</a></li>
</ul>



Photo: PeopleImages.com &#8211; Yuri A On Shutterstock.com

Bitcoin Holds $116,000, Ethereum Breaches $4,000, XRP Flashes Golden Cross – What's Next?

As the Trump administration imposes <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46999430/trump-tariffs-gold-switzerland-federal-reserves">tariffs on imported gold</a>, Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Executive Chairman Michael Saylor offered a sharp contrast between physical and digital stores of value, stating, &#8220;Bitcoin lives in cyberspace, no tariffs in cyberspace.&#8221;



<a href="https://www.youtube.com/watch?v=2bic0HH4wb0">Speaking </a>with Bloomberg on Friday, Saylor framed the development as a turning point that reinforces Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advantages over traditional hard assets.



The U.S. government's decision to apply tariffs on imported gold bars is sending tremors through the precious metals market. 



For Saylor, the move strengthens the case for Bitcoin as a modern alternative to gold. 



He argued that Bitcoin's digital, weightless nature makes it immune to trade barriers and physical limitations, positioning it as the superior monetary asset in a globalized world.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47011287/what-happens-when-a-country-builds-real-banks-around-bitcoin-el-salvador-is-about-to-show-us">What Happens When A Country Builds Real Banks Around Bitcoin? El Salvador Is About To Show Us</a>



Saylor noted that unlike gold, Bitcoin doesn't require storage, shipping or customs clearance.



"You can settle anywhere with anybody in a few minutes," he said, contrasting the efficiency of crypto settlement with the sluggish, weighty logistics of physical gold. 



He believes this will further accelerate institutional migration from gold to Bitcoin.



His remarks come as Strategy continues to build out a range of Bitcoin-backed financial products, including structured yield instruments and tokenized debt offerings to attract both retail and institutional capital.



But it was his response to the gold tariffs that drew the strongest line between Bitcoin and its analog counterpart.



"The digital version of gold is better than actual physical gold," Saylor said, adding that the new policy will "catalyze a new wave of institutional adoption of Bitcoin."



Read Next: • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47007128/coinbases-dex-trading-rollout-hidden-gem-tokens-instant-listings-zero-network-fees">Coinbase&#8217;s DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees</a>



Photo: Shutterstock

Michael Saylor Responds To US Gold Tariffs: 'Bitcoin Lives In Cyberspace, No Tariffs In Cyberspace'

El Salvador is signaling its next move in integrating Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) into its financial system, with plans underway to introduce banks centered entirely <a href="https://www.benzinga.com/crypto">around the cryptocurrency.</a>



The country&#8217;s official Bitcoin Office made the <a href="https://x.com/bitcoinofficesv/status/1953629383291175053">announcement </a>on X, hinting at the creation of "Bitcoin Banks," potentially the first banking institutions globally to be fully built on Bitcoin infrastructure.



This initiative appears to follow the outline of President Nayib Bukele's earlier proposal for a Bank for Private Investment (BPI), which aimed to attract international financial players through a more flexible regulatory framework. 



Under this model, institutions would require a minimum capital of $50 million and at least two shareholders.



They could also opt to register as digital asset custodians or Bitcoin service providers. 



While the BPI legislation is still being reviewed, the statement suggests that Bitcoin-focused banking may move forward in parallel.



Details on how these Bitcoin Banks will operate remain limited, but early indicators suggest that financial services such as lending, savings, and payments will be offered in BTC instead of traditional fiat.



Such a structure would position El Salvador as a pioneer in national-level crypto banking, potentially attracting global Bitcoin businesses and capital.



Max Keiser, a vocal Bitcoin advocate and senior advisor to President Bukele, has described the development as part of Bitcoin's inevitable global ascent. 



Keiser, alongside Stacy Herbert, who heads El Salvador's Bitcoin Office, has been instrumental in pushing the country's pro-crypto agenda since Bitcoin was declared legal tender in 2021.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47007128/coinbases-dex-trading-rollout-hidden-gem-tokens-instant-listings-zero-network-fees">Coinbase&#8217;s DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees</a>



Despite the bold vision, the road ahead is uncertain. 



Critics point to the absence of regulatory clarity as a major concern. 



No formal legal framework has been published for how these institutions will operate, leaving questions about oversight and safeguards unanswered. 



Additionally, El Salvador's ongoing financial ties with the International Monetary Fund, including a $1.4 billion credit agreement, may invite resistance, given the IMF&#8217;s longstanding opposition to Bitcoin's role in national economies.



Other challenges include Bitcoin's volatility, which could disrupt banking operations by impacting the value of customer deposits or loans. 



On the ground, Bitcoin adoption remains low, with most Salvadorans still relying on the U.S. dollar for everyday transactions. 



Meanwhile, skepticism over the government&#8217;s Bitcoin purchases, which some analysts claim involve internal wallet transfers rather than actual new acquisitions, continues to fuel trust issues.



While the concept of Bitcoin-only banks marks a bold chapter in El Salvador's ongoing crypto experiment, the success of this initiative will depend on regulatory execution, public buy-in, and global response.



Read Next:



<ul class="wp-block-list">
<li> <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47005488/blockchain-meets-the-stratosphere-world-mobile-launches-high-altitude-connectivity-aircraft-with-protelindo">Blockchain Meets The Stratosphere: World Mobile Launches High-Altitude Connectivity Aircraft With Protelindo</a></li>
</ul>



Photo: Shutterstock

What Happens When A Country Builds Real Banks Around Bitcoin? El Salvador Is About To Show Us

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) focused media outlet – TFTC highlights how <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995107/bitcoin-steadies-above-116000-as-xrp-dogecoin-surge-on-regulatory-boost-etf-inflows">every major BTC correction</a>, though painful, paved the way for future rallies.



What Happened: Referencing a detailed Bitcoin historical correction chart, it is evident that despite being one of the world's best-performing assets, it has experienced a significant number of substantial price drops. It highlights how the corrections vary from government bans to hack-induced crashes. While every Bitcoin &#8220;crash looked like the end,&#8221; it was just the beginning.



Comparing the timeline from January 2012 until May 2021, the data shows the high and low prices of each year. In early 2012, Bitcoin dropped 42.9% from Jan. 12 to Jan. 27, while August 2012 saw a swift 56.3% plunge triggered by the collapse of the Ponzi scheme "Bitcoin Savings and Trust," involving 150,000 BTC.



The next major drop was the April 2013 crash, when BTC wiped out 82.6%. Between late 2013 and early 2016, the BTC price fell nearly 87% following China's ban and the Mt. Gox hack, leading to regulatory troubles and ultimately resulting in the company&#8217;s bankruptcy.



The 2018 fallout from Japan's Coincheck ($530 million) hack saw BTC drop 83.6% to about $3,220.



Most recently, in May 2021, after Elon Musk's tweet that Tesla would stop accepting BTC payments, Bitcoin dropped 51.1% from its peak of $64,706 to $31,663.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995107/bitcoin-steadies-above-116000-as-xrp-dogecoin-surge-on-regulatory-boost-etf-inflows">Bitcoin Steadies Above $116,000 As XRP, Dogecoin Surge On Regulatory Boost, ETF Inflows</a>



What's Next: After racing to its all-time high levels of $100,000 and beyond, Bitcoin prices have been ranging between $113,000 and $117,000 for the past few weeks. Captain Faibik <a href="https://x.com/CryptoFaibik/status/1953632092530913709">noted </a>that BTC has hit the $117,000 resistance, and it may be only faking out and a trap for buyers. He is now expecting a correction.



Cycle analyst On-chain College <a href="https://x.com/OnChainCollege/status/1951282466582339679">notes</a> that Bitcoin's present position mirrors the 34% correction in 2017, roughly 84 days before that cycle's peak, after which BTC surged 6x. This suggests current volatility may not alter the long-term bullish trajectory.



Entrepreneur and Bitcoin investor Lark Davis <a href="https://x.com/TheCryptoLark/status/1952316135581364631">adds</a> perspective: if $123,000 was BTC's top, zooming out reveals a pattern of strong rebounds from similar corrections over the last two years. He advises against reacting to short-term noise and to focus on the bigger, bullish picture.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46966593/bitcoin-and-the-magnificent-seven-are-they-still-in-sync-or-set-to-diverge">Bitcoin And The Magnificent Seven: Are They Still In Sync Or Set To Diverge?</a></li>
</ul>



Photo: Rido on Shutterstock.com

Every Bitcoin Crash 'Looked Like The End'—How This Correction Stacks Up

Coinbase Global In (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) announced on Friday it is integrating decentralized exchange (DEX) trading into its main app, significantly expanding asset availability for users.



The rollout begins with select users in the U.S., excluding New York State, and marks a shift from offering just 300 assets to potentially millions of trades after being indexed onchain.



The feature, currently supporting Base-native tokens, allows users to buy and sell directly from decentralized protocols such as Aerodrome (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AERO</a>) and Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), while maintaining the user interface and experience of the existing Coinbase app. 



Supported assets include tokens from Virtuals AI Agents, Reserve Protocol DTFs, Centrifuge deRWAs, SoSo Value Indices, Auki Labs, and Super Champs.



Coinbase plans to expand DEX access incrementally, adding new assets in batches and aiming for full coverage of the Base network. 



It also plans to include additional blockchain networks such as Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) in the near future.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47004929/trumps-crypto-retirement-move-sparks-bitcoin-surge-how-much-higher-can-it-go">Trump&#8217;s Crypto Retirement Move Sparks Bitcoin Surge, How Much Higher Can It Go?</a>



Through its self-custody wallet integration, users can trade without navigating external DeFi platforms, and Coinbase will sponsor network fees, simplifying the transaction process. 



Trades can be funded with a Coinbase balance or (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), and users can monitor portfolio performance within the app.



Coinbase says it will provide onchain risk insights and restrict assets flagged by third-party vendors as malicious or fraudulent. 



However, the company notes it does not hold or approve the assets listed on external DEXs.



The integration also benefits token issuers, who can now gain exposure to Coinbase&#8217;s user base shortly after being indexed onchain, without waiting for centralized exchange listings.



Read Next: • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47002088/can-a-crypto-quant-firm-scale-like-a-hedge-fund-algoz-thinks-so-heres-the-data">Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So Here&#8217;s The Data</a>



Photo: Shutterstock

Coinbase's DEX Trading Rollout: Hidden Gem Tokens, Instant Listings, Zero Network Fees

Blockchain-powered telecom company World Mobile announced Friday that it has partnered with Indonesia's largest digital infrastructure provider, Protelindo, to launch a new stratospheric telecommunications platform aimed at expanding global connectivity.



The initiative, called World Mobile Stratospheric, utilizes high-altitude, hydrogen-powered aircraft to provide direct-to-handset connections via blockchain-based infrastructure.



The fixed-wing aircraft, developed in collaboration with a global aerospace leader, is designed to fly at altitudes of up to 20,000 meters. 



Field tests in the UK with BT, in Europe with Deutsche Telekom, and across the Middle East have demonstrated the aircraft's ability to support up to 500,000 simultaneous mobile connections.



The platform promises greater bandwidth, lower latency, and significantly reduced operating and environmental costs, up to 99% less environmental impact compared to conventional telecom deployments.



At the core of the project is World Mobile's blockchain token (CRYPTO: WMTX), which underpins its decentralized sharing-economy model. 



Also Read: <a href="https://www.benzinga.com/m-a/25/08/47000896/two-seas-capital-opposes-core-scientific-coreweave-merger-calls-deal-undervalued-risky-for-shareholders">Two Seas Capital Opposes Core Scientific–CoreWeave Merger, Calls Deal Undervalued, Risky For Shareholders</a>



CEO Micky Watkins emphasized the importance of this token-based infrastructure. "By combining advanced aerospace technology with token-driven economics, we are building a network that connects more people, faster, and in a way that is economically and environmentally sustainable."



Protelindo, whose telecom towers and fiber infrastructure cover Indonesia's archipelago, sees the technology as a leap forward for the region's underserved areas. 



A company spokesperson noted that World Mobile's model could dramatically improve access in remote regions.



While skepticism around blockchain remains in traditional telecom sectors, World Mobile is positioning itself as a viable alternative and complementary player, especially in markets like the United States, where connectivity remains uneven.



The aircraft's payload and endurance capabilities also open the door to additional applications beyond telecommunications, signaling broader use cases for blockchain-driven infrastructure in stratospheric operations.



Read Next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995987/stablecoins-under-fire-in-china-while-us-enacts-a-federal-stablecoin-law">Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law</a>



Photo: Shutterstock

Blockchain Meets The Stratosphere: World Mobile Launches High-Altitude Connectivity Aircraft With Protelindo

Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sharp rebound to retest the $117,000 level has renewed trader interest, driven in part by recent U.S. policy moves expanding <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46984531/trump-opens-401k-plans-to-crypto-cracks-down-on-crypto-banking-discrimination">401(k) access to crypto</a> and mounting speculation over government-led debt monetization. 



But despite the momentum, analysts at 10x Research say the rally still lacks a decisive macro catalyst to sustain a true breakout.



"Bitcoin has rebounded faster and more sharply than we anticipated—surprisingly, on news that surfaced three weeks ago: that U.S. retirement accounts may soon be permitted to allocate into Bitcoin and other cryptocurrencies," the report notes. 



The asset dipped to a low of $111,643 on August 7.



From there, the rally gained steam. 



In addition to retirement access, several new catalysts emerged: "Trump signed an order expanding access to alternative assets in 401(k) retirement accounts, nominated crypto-friendly Stephen Miran to the Fed board, and imposed a 39% tax on 1kg gold imports."



That gold tariff in particular drew attention due to its possible connection to an earlier statement by Treasury Secretary Scott Bessent, who in February said, "Within the next 12 months, we are going to monetize the asset side of the U.S. balance sheet." 



Analysts say this narrative has fueled further investor interest in Bitcoin as a hedge.



"While Bitcoin is not strictly an inflation hedge, it serves as a hedge against money printing… and, more importantly, against debt monetization," the report states. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47002088/can-a-crypto-quant-firm-scale-like-a-hedge-fund-algoz-thinks-so-heres-the-data">Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So Here&#8217;s The Data</a>



Since the $5 trillion U.S. debt ceiling increase, the national debt has surged by $735 billion, adding pressure to the argument that alternative stores of value such as Bitcoin and gold could gain favor.



Still, Bitcoin's technical resistance at $117,000 remains intact. 



"Bitcoin is not yet breaking out," the analysts write, noting that $117,000 is "still capping the move." A potential resistance level is identified at $119,930, while the 21-day moving average of $115,750 is flagged as a tactical stop-loss zone.



On Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the outlook is less clear. 



Monthly active addresses have surged to a record 8.8 million, but 10x suggests that much of the rally appears speculative. 



"Ethereum's rally is running on narrative fuel, not fundamentals — a setup that can turn quickly."



Ethereum's recent price action has been shaped by what the report describes as "quick and violent price moves that resembled a guaranteed price at a specific time," potentially linked to institutional activity. 



Despite short-term strength, the report emphasizes that both Bitcoin and Ethereum remain in vulnerable positions. 



"The market is in a phase where it will take multiple doses of positive news to shift momentum," the report concludes. "The real breakout, and the best trade of Q3, will come when the next big catalyst hits, and we'll be ready to act."



Read Next: <a href="https://www.benzinga.com/m-a/25/08/47000896/two-seas-capital-opposes-core-scientific-coreweave-merger-calls-deal-undervalued-risky-for-shareholders">Two Seas Capital Opposes Core Scientific–CoreWeave Merger, Calls Deal Undervalued, Risky For Shareholders</a>



Photo: Shutterstock

Trump's Crypto Retirement Move Sparks Bitcoin Surge, How Much Higher Can It Go?

Algoz, a crypto-focused quantitative asset manager, announced on Friday that it crossed $100 million in assets under management (AUM) during the first half of 2025.



The firm is now actively managing over 50 self-managed accounts (SMAs), signaling growing traction and scalability in crypto quant investing.



Founded in 2017, Algoz specializes in algorithmic trading strategies for digital assets. 



The firm accelerated its growth in early 2024 following the launch of Quant Pro, an off-exchange settlement platform aimed at reducing counterparty risk. 



Later that year, Algoz integrated with Zodia Custody's Interchange system, adopting segregated cold wallets to maintain asset security while supporting efficient collateral trading.



Algoz attributes much of its recent growth to its execution infrastructure. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46983906/ripple-acquires-rail-for-200-million-to-expand-stablecoin-payments-infrastructure">Ripple Acquires Rail For $200 Million To Expand Stablecoin Payments Infrastructure</a>



The firm's proprietary systems for order management, risk mitigation, and automated strategy deployment have allowed it to handle dozens of SMAs with tailored risk profiles at an institutional scale.



Further strengthening its institutional alignment, Algoz became a registered Commodity Trading Advisor (CTA) with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). 



This regulatory status marks a step toward increased transparency and accountability for institutional clients.



"The amount of accounts we're currently handling proves that we were successful in mitigating counterparty risk while also enhancing trade transparency," said Tal Teperberg, co-founder and CEO of Algoz.



Going forward, Algoz plans to roll out new products in the third quarter of 2025 and expand its strategic partnerships, aiming to increase its capacity to $500 million in AUM.



Read Next: • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46969808/transak-adds-support-for-usde-synthetic-dollar-now-available-via-fiat-on-ramp">Transak Adds Support for USDe, Synthetic Dollar Now Available Via Fiat On-Ramp</a>



Photo: Shutterstock

Can A Crypto Quant Firm Scale Like A Hedge Fund? Algoz Thinks, So  Here's The Data

Two Seas Capital, the largest active shareholder of Core Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), on Friday announced it will vote against the proposed all-stock acquisition by CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), citing a significantly undervalued offer and structural flaws that expose <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44421719/bitcoin-miners-core-scientific-riot-platforms-cleanspark-iris-energy-see-price-targets-slashed-bernstein">shareholders to undue risk.</a>



In an open letter <a href="https://www.prnewswire.com/news-releases/two-seas-capital-core-scientifics-largest-active-shareholder-announces-intention-to-vote-against-the-proposed-sale-to-coreweave-302524612.html#financial-modal">released </a>on Thursday, the New York-based investment firm disclosed it holds more than 19.1 million shares, approximately 6.3% of Core Scientific's outstanding stock and criticized the terms of the July 7 deal, particularly the uncollared, all-stock structure, which leaves Core Scientific shareholders vulnerable to CoreWeave's share price volatility.



The firm emphasized it is not opposed to a merger in principle and even holds a position in CoreWeave. 



It stressed that the proposed terms overwhelmingly benefit CoreWeave and fail to reflect the strategic value of Core Scientific's assets, including its infrastructure footprint and positioning in the high-performance computing (HPC) sector.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46995987/stablecoins-under-fire-in-china-while-us-enacts-a-federal-stablecoin-law">Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law</a>



Two Seas called attention to Core Scientific's strategic importance in the AI infrastructure landscape, highlighting its low-cost power access, data center expertise, and growth potential amid soaring demand for AI-related computing. 



The firm underscored that the company is well-positioned to operate independently and capitalize on market tailwinds.



The letter also noted a sharp 30% drop in Core Scientific's stock following the acquisition announcement, which Two Seas interpreted as a broader market rejection of the deal. 



Unless significant changes are made to the valuation and structural terms, the firm intends to rally other shareholders to vote against the deal.



While Two Seas welcomed other potential suitors, including CoreWeave, it urged Core Scientific's board to demand a price that fairly incorporates the company's long-term strategic value and any synergies created through a merger.



Read Next: • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46984531/trump-opens-401k-plans-to-crypto-cracks-down-on-crypto-banking-discrimination">Trump Opens 401(k) Plans To Crypto, Cracks Down On Crypto Banking Discrimination</a>



Photo: mojo cp via Shutterstock

Two Seas Capital Opposes Core Scientific–CoreWeave Merger, Calls Deal Undervalued, Risky For Shareholders

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) rallied 8% in a single <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46983906/ripple-acquires-rail-for-200-million-to-expand-stablecoin-payments-infrastructure">day after Ripple</a> and the U.S. Securities and Exchange Commission officially ended their years-long legal battle. The settlement drew heavy trading activity, with many traders calling it a turning point for the token.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.31</td><td>&nbsp;$196.8 billion</td><td>+11.3%&nbsp;</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$116,643.75</td><td>&nbsp;$2.3 trillion</td><td>+1.2%&nbsp;</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,905.11</td><td>&nbsp;$471.6 billion</td><td>+7.3%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Galaxy sees XRP breaking above $3.30 as "very bullish" and signals the uptrend has resumed.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> Breaking $3.3 again is very bullish. Uptrend has resumed. <a href="https://t.co/zd2Zcn6oWA">pic.twitter.com/zd2Zcn6oWA</a>&mdash; Galaxy (@galaxyBTC) <a href="https://twitter.com/galaxyBTC/status/1953671606577791262?ref_src=twsrc%5Etfw">August 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another trader CW <a href="https://x.com/CW8900/status/1953691557103907179">says</a> XRP's Phase 4 rally may be starting, potentially pushing prices toward $21.50. CrediBULL Crypto observes XRP's structure looks solid; dips into the green zone are strong swing-buy opportunities targeting range highs.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Structurally <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> looks pretty solid here. I think any dips into the green zone are a good opp to swing for the range highs. <a href="https://t.co/pNkxss4VGY">https://t.co/pNkxss4VGY</a> <a href="https://t.co/feXbk2mYt7">pic.twitter.com/feXbk2mYt7</a>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1953579313707856024?ref_src=twsrc%5Etfw">August 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Korean traders were particularly aggressive buyers after the news. Dom <a href="https://x.com/traderview2/status/1953571860399964660">noted</a> over 10 million XRP net purchased on Korean exchanges in just 20 minutes, surpassing Binance's activity, but cautioned that news-driven pumps often fade quickly.



Whale Alert <a href="https://x.com/whale_alert/status/1953608434777047178">tracked</a> 16.7 million XRP, worth $55.4 million, that moved from an unknown wallet to Coinbase shortly after the announcement.



With the conclusion of the legal case, XRP&#8217;s trading volume in the past 24 hours spiked by 146.3%, attracting high interest from traders. CoinGlass data shows derivatives trading volume and open interest surged 165.5% and 17.1% respectively in a single day.



Community News: With the lawsuit dismissed, a major regulatory overhang for XRP is gone, potentially opening the door for greater U.S. institutional participation. The case, filed in 2020, had loomed over the token for five years.



CrediBULL <a href="https://x.com/CredibleCrypto/status/1953586295571460478">reminded</a> traders that when the SEC sued in 2020, many called XRP's end — but the token has since multiplied 13x. He consistently advocated that "XRP is global."



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46890232/xrp-down-5-in-1-week-what-is-going-on">XRP Down 5% In 1 Week: What Is Going On?</a></li>
</ul>



Photo: Shutterstock

XRP Surges 8% As Ripple-SEC Case Concludes — Traders Ancitipate Multi-Phase Rally

Chinese financial authorities have reportedly ordered domestic brokerages and research institutions to halt the promotion of stablecoins, asking them to cancel seminars and refrain from<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43244653/bitcoin-ethereum-solana-crash-heres-why-chinas-low-cost-ai-model-deepseek-may-be-to-blame"> publishing any related research. </a>



This move, which took place in late July and early August, is part of a broader effort by Beijing to curb speculative behavior and fraudulent schemes associated with dollar-pegged digital tokens, according to <a href="https://www.bloomberg.com/news/articles/2025-08-08/china-tells-brokers-to-stop-touting-stablecoins-to-cool-frenzy">sources </a>cited by Bloomberg.



While regulators have acknowledged the utility of stablecoins in cross-border finance, they remain wary of their unchecked growth within China's borders.



Officials have expressed concerns that stablecoins, typically backed by fiat reserves and U.S. Treasurys, could be repurposed for unauthorized fundraising or other illicit activity, particularly in the absence of clear oversight.



Local governments had already issued warnings earlier this summer. 



In early July, Shenzhen authorities flagged a rise in scams falsely marketed as stablecoin investment opportunities, prompting renewed caution among retail investors.



Despite China's nationwide ban on most cryptocurrency operations, digital asset activity persists in less formal channels. 



Over-the-counter trading remains active, with analytics firm Chainalysis estimating approximately $75 billion in such flows during the first three quarters of 2024.



The regulatory messaging from Beijing comes as it advances its own digital currency agenda.



The People's Bank of China has launched an international operations center for the digital yuan (e-CNY) in Shanghai, signaling ambitions to expand the state-backed digital currency into global financial corridors.



In contrast to Beijing's restrictive posture, Hong Kong continues to pursue an independent regulatory framework that includes licensing stablecoin issuers, part of its strategy to establish itself as a global crypto hub within its separate legal system.



Meanwhile, in the U.S., stablecoins are gaining institutional acceptance. 



In July, President Donald Trump signed the GENIUS Act, the country's first comprehensive stablecoin legislation, reflecting Washington's preference to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46321038/buckle-up-visa-stablecoins-process-800-billion-in-transactions-per-month-report-finds">regulate rather than restrict.</a>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46910308/bitcoin-at-crossroads-tom-lee-sees-1-million-polymarket-bets-on-dip">Bitcoin At Crossroads: Tom Lee Sees $1 Million, Polymarket Bets On Dip</a></li>
</ul>



Photo: Skorzewiak on Shutterstock.com

Stablecoins Under Fire In China, While US Enacts A Federal Stablecoin Law

Cryptocurrency markets advanced Friday morning, fueled by <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46984531/trump-opens-401k-plans-to-crypto-cracks-down-on-crypto-banking-discrimination">favorable regulatory developments</a> that spurred ETF inflows and strengthened institutional adoption sentiment.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$116,832.44</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,908.71</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$177.28</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.32</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2231</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001294</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows that Bitcoin and Ethereum large transactions decreased by 2.4% and dropped 15.7%, respectively, in a single day. Daily active addresses dipped 1.7% and grew 1.3%, respectively.</li>



<li>Coinglass data shows 103,582 traders were liquidated in the past 24 hours for $300.68 million.&nbsp;</li>



<li>SoSoValue data shows net inflows of $280.7 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $222.3 million. &nbsp;</li>
</ul>



Trader Notes: Crypto trader Jelle sees Bitcoin is forming a power-of-three setup. If $116,000 holds through the weekend, the next target is $130,000.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is forming a power of three setup again! Hold $116k over the weekend, and I&#39;m targeting $130,000 next. <a href="https://t.co/9icH3UuUZz">pic.twitter.com/9icH3UuUZz</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1953732967244689479?ref_src=twsrc%5Etfw">August 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another trader, Titan Of Crypto <a href="https://x.com/Washigorira/status/1953748597440229413">added</a> Bitcoin is testing the top of its rising wedge. While the momentum is building, bulls are eyeing a breakout.



Crypto trader CW <a href="https://x.com/CW8900/status/1953691557103907179">anticipates</a> the start of the Phase 4 rally for XRP soon.



Michael van de Poppe highlighted Ethereum swept short-side liquidity; sees a pullback to $3,700–$3,750 as a solid day trade entry targeting above $4,100.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great move of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, taking all the liquidity on the short side. If this goes back to $3,700-3,750, might be good for a daytrade targeting $4,100+. <a href="https://t.co/T3Jldw69AW">pic.twitter.com/T3Jldw69AW</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1953742730427085239?ref_src=twsrc%5Etfw">August 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cold Blooded Shiller <a href="https://x.com/ColdBloodShill/status/1953540513031762060">sees</a> Solana heading toward the key $250 level—if broken and held, it could see rapid upside with minimal resistance.



Crypto trader AkadoSang <a href="https://x.com/AkadoSang/status/1953737969401311540">noted</a> Dogecoin is in a clear uptrend, printing higher lows and higher highs within an ascending channel since the recent local bottom.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46976260/galaxy-ceo-mike-novogratz-predicts-monster-pool-of-capital-into-bitcoin-with-trumps-401k-crypto-plan">Galaxy CEO Mike Novogratz Predicts &#8216;Monster Pool Of Capital&#8217; Into Bitcoin With Trump&#8217;s 401(k) Crypto Plan</a></li>
</ul>



Photo: Shutterstock

Bitcoin Steadies Above $116,000 As XRP, Dogecoin Surge On Regulatory Boost, ETF Inflows

Block Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) investment in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has surged in value, with the company&#8217;s holdings now worth nearly a billion dollars.



What Happened: According to the company&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/08/46982165/block-stock-climbs-after-q2-earnings-report-heres-why">second quarter 2025</a> financial disclosures, the value of its Bitcoin treasury has grown over 81% year-over-year, and the company has recorded a significant &#8220;remeasurement gain&#8221; for the quarter under new accounting rules for crypto assets.



The company&#8217;s investment, held for long-term purposes, saw its value increase from $514.584 million as of June 30, 2024, to $931.656 million as of June 30, 2025, about 81.05% higher over a year.



The 10Q filing shows that this valuation jump was accompanied by a notable remeasurement gain of $212.17 million in the second quarter of 2025, which reflects a sharp contrast to the $70.12 million remeasurement loss recorded in the same period last year.



The shift in reporting is due to the company&#8217;s accounting for its Bitcoin as an &#8220;indefinite-lived intangible asset,&#8221; under the <a href="https://www.benzinga.com/general/market-summary/25/05/45515900/mstrs-new-bitcoin-accounting-standard-to-drive-financial-swings-make-earnings-volatile-says-expert-after-lawsuit-hits-strategy">new accounting rules</a>. 



According to <a href="https://www.coingecko.com/en/public-companies-bitcoin">CoinGecko</a>, this makes Block a company with the 12th largest BTC treasury worldwide.



Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly MicroStrategy, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Cantor Equity Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>), Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), and Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have the top five largest BTC Treasuries worldwide.



See Also: <a href="https://www.benzinga.com/news/politics/25/08/46953745/paul-krugman-slams-donald-trump-for-calling-jobs-report-rigged-says-every-accusation-is-a-confession">Paul Krugman Slams Donald Trump For Calling Jobs Report ‘Rigged,' Says ‘Every Accusation Is A Confession'</a>



Why It Matters: The company also holds a smaller amount of Bitcoin for operational purposes, which is purchased and sold to facilitate customer transactions on its Cash App platform.



The value of this operational Bitcoin grew from $573.302 million to $514.584 million between March 31, 2024, and June 30, 2024, reflecting the dynamic nature of its customer-facing business.



Block stated that this operational Bitcoin is held for a relatively short time, and changes in its fair value are not material to the company.



Block <a href="https://www.benzinga.com/markets/earnings/25/08/46982165/block-stock-climbs-after-q2-earnings-report-heres-why">reported earnings</a> of 62 cents per share, which missed the analyst consensus estimate of 68 cents. Its revenue came in at $6.05 billion, which missed the analyst consensus estimate of $6.24 billion and is down from revenue of $6.15 billion from the same period last year.



Price Action: XYZ stock jumped 9.16% in premarket on Friday after rising 0.95% on Thursday and 5.5% in after-hours. It was down 11.41% year-to-date but 25.55% higher over the past year.



Benzinga&#8217;s Edge Stock Rankings&nbsp;indicate that XYZ maintains a strong price trend in the long, short, and medium terms. However, the stock scores moderately on growth rankings. Additional performance details are&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">available here</a>.<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08060818/EDGE-XYZ-New-1-1024x151.png" alt="" class="wp-image-1020181" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08060818/EDGE-XYZ-New-1-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08060818/EDGE-XYZ-New-1-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08060818/EDGE-XYZ-New-1-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08060818/EDGE-XYZ-New-1.png 1270w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.34% at $634.40, while the QQQ advanced 0.33% to $571.12, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data.



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<li><a href="https://www.benzinga.com/markets/earnings/25/08/46990699/block-ceo-jack-dorsey-credits-ai-for-super-bullish-outlook-faster-product-launches-raises-full-y">Block CEO Jack Dorsey Credits AI For &#8216;Super-Bullish&#8217; Outlook, Faster Product Launches—Raises Full-Year Profit Guidance To $10.17 Billion</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: T. Schneider / Shutterstock

Block's Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars

Eric Trump announced on Wednesday that American Bitcoin (ABTC) is set to make its debut on NASDAQ. This announcement was made via X, signaling a significant milestone for the Trump family-backed Bitcoin mining firm.



<h2 class="wp-block-heading">American Bitcoin&#8217;s NASDAQ Listing: A Game Changer? </h2>



The post stated, &#8220;American Bitcoin (ABTC): Next stop NASDAQ!&#8221; This move follows a series of strategic developments by American Bitcoin, including a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">substantial acquisition</a> of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) worth $23 million. 



The mining firm, supported by Eric Trump and Donald Trump Jr., has been actively increasing its Bitcoin holdings, as reported in a recent SEC filing.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">American Bitcoin (ABTC): Next stop NASDAQ! <a href="https://t.co/uhaJzV0vfz">pic.twitter.com/uhaJzV0vfz</a>&mdash; Eric Trump (@EricTrump) <a href="https://twitter.com/EricTrump/status/1953600035155063197?ref_src=twsrc%5Etfw">August 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Earlier this year, Gryphon Digital Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) <a href="https://www.benzinga.com/news/small-cap/25/05/45347101/gryphon-digital-to-take-trump-affiliated-american-bitcoin-public-in-merger-deal-stock-soars">announced a merger</a> with American Bitcoin, a subsidiary of Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>). This merger is set to facilitate American Bitcoin&#8217;s public listing on NASDAQ under the ticker &#8220;ABTC.&#8221; The merger deal was structured as a stock-for-stock transaction, although the financial details remain undisclosed.



<h2 class="wp-block-heading">Shareholders Begin Voting on Merger</h2>



Gryphon Digital Mining said on Wednesday that shareholders had started voting ahead of a special meeting on August 27, 2025, to decide on a planned stock-for-stock merger with American Bitcoin Corp. The board urged investors to back all proposals. If approved and other conditions were met, the deal was set to close in early September, with the new company keeping the &#8220;American Bitcoin&#8221; name and run by American Bitcoin's leadership. Shareholders of record on July 25 had received voting details by mail and online, with Okapi Partners offering help. The companies also warned the deal could face risks or delays.



<h2 class="wp-block-heading">How This Merger Could Transform Crypto Investments</h2>



The upcoming NASDAQ listing of American Bitcoin marks a pivotal moment for the Trump-affiliated venture, potentially increasing its visibility and investor interest. The merger with Gryphon Digital Mining is expected to bolster American Bitcoin&#8217;s market presence and operational capabilities. This development aligns with the firm&#8217;s ongoing strategy of Bitcoin accumulation.



<h2 class="wp-block-heading">The Market&#8217;s New Bitcoin Player: What To Expect</h2>



Investors and market analysts are closely watching how this move will affect the broader cryptocurrency market and the stocks involved. The anticipation surrounding American Bitcoin&#8217;s NASDAQ debut reflects the growing interest in cryptocurrency ventures and their potential to reshape financial markets.



Photo Courtesy: Maxim Elramsisy On Shutterstock.com



Read Next: 



<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/economic-data/25/08/46956295/us-dollar-down-10-since-trump-took-office-paul-graham-warns-youve-become-poorer-without-11-" target="_blank" rel="noreferrer noopener">US Dollar Down 10% Since Trump Took Office — Paul Graham Warns &#8216;You&#8217;ve Become Poorer&#8217; Without 11% Net Worth Gain</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Eric Trump Teases American Bitcoin Stock Market Listing: 'Next Stop NASDAQ'

President Donald Trump signed two executive orders on Thursday advancing the role of digital assets in the U.S. financial system. One order allows 401(k) retirement plans to include cryptocurrencies, while the other targets what the administration calls discriminatory banking<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46960703/trump-wants-to-put-bitcoin-in-your-401k-will-it-work"> practices against crypto firms.</a>



The first <a href="https://www.bloomberg.com/news/articles/2025-08-07/trump-to-sign-order-easing-path-for-private-assets-in-401-k-s">order </a>directs the Department of Labor to reassess its guidance, which currently restricts alternative asset exposure in employer-sponsored retirement plans.



The move, aimed at revising regulatory interpretations under the Employee Retirement Income Security Act (ERISA), also instructs the Securities and Exchange Commission and Treasury Department to consider regulatory updates that could expand retail access to digital assets through accredited investor pathways.



This directive builds on Trump's earlier crypto-related actions, including a strategic digital asset reserve and a national initiative to promote U.S. crypto leadership. 



Hashdex's Gerry O'Shea described the latest order as an opportunity for retirement plan sponsors to engage digital asset experts on safe and structured inclusion of crypto in long-term portfolios.



In a second executive <a href="https://www.whitehouse.gov/fact-sheets/2025/08/fact-sheet-president-donald-j-trump-guarantees-fair-banking-for-all-americans/">order</a>, Trump moved to prohibit federal regulators from using &#8220;reputational risk&#8221; as a reason to block or discourage banks from servicing crypto companies.



This language, used by agencies like the Federal Reserve, has come under scrutiny by lawmakers and the crypto industry, who argue it has been misused to justify account closures and restrict banking access.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46964483/proshares-introduces-leveraged-etf-targeting-circles-2x-daily-stock-returns">ProShares Introduces Leveraged ETF Targeting Circle&#8217;s 2x Daily Stock Returns</a>



Critics have long argued that such actions amount to a form of "Operation Choke Point 2.0," a reference to a 2013 initiative that limited financial services for industries seen as risky. 



Trump's new order seeks to eliminate that discretion, aligning with prior pledges by the Federal Reserve, OCC, and FDIC to stop using reputational risk as a supervisory standard.



Republican lawmakers praised the order. 



House Financial Services Chair French Hill (R-AR) called it "an important step" toward protecting Americans from politically motivated financial discrimination.



Senator Cynthia Lummis (R-NY) added that it brings "transparency and accountability" to what she characterized as an overreach under the Biden administration.



Both orders underscore a broader policy pivot under Trump aimed at normalizing crypto as part of mainstream financial systems. 



While the Biden-era Labor Department had cautioned against speculative risks in retirement crypto allocations, Trump's administration is instead positioning digital assets as central to innovation and investor choice.



Read Next: 



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46966593/bitcoin-and-the-magnificent-seven-are-they-still-in-sync-or-set-to-diverge">Bitcoin And The Magnificent Seven: Are They Still In Sync Or Set To Diverge?</a></li>
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