Eric Trump, son of U.S. President Donald Trump, is set to attend a shareholder meeting for Japanese Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury firm Metaplanet in Tokyo on Monday. 



<h2 class="wp-block-heading">Eric Trump Acting As Advisor To Metaplanet</h2>



Reuters reported this development as part of the Trump family&#8217;s growing international crypto ventures.



Eric Trump, who became an adviser to Metaplanet in March, recently appeared&nbsp;at the Bitcoin Asia conference&nbsp;in Hong Kong.&nbsp;American Bitcoin, a cryptocurrency mining company founded by Eric and his brother&nbsp;Donald Trump Jr., plans&nbsp;to list on the Nasdaq&nbsp;this month.&nbsp;Asher Genoot, CEO of the company holding 80% of American Bitcoin, confirmed Eric Trump&#8217;s attendance at the Metaplanet meeting, initially reported by Bloomberg.



The meeting will involve a vote on a proposal to&nbsp;sell up to 550 million&nbsp;new shares overseas, raising 130.3 billion yen ($884.41 million) primarily for bitcoin acquisitions. Metaplanet, previously a hotel operator, has seen its shares skyrocket by&nbsp;nearly 760% in the past&nbsp;year. The company, trading on&nbsp;the Tokyo Stock Exchange, was&nbsp;formerly&nbsp;known as Red Planet Japan.



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/08/47394536/bitcoin-undervalued-compared-to-gold-fair-value-at-126000-jpmorgan" target="_blank" rel="noreferrer noopener">Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan &#8211; Benzinga</a>



<h2 class="wp-block-heading">Strategy-Like Aggressive Bitcoin Hoarding </h2>



Metaplanet has been making headlines with its aggressive <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39450583/japanese-investment-firm-adopts-microstrategy-like-bitcoin-strategy-set-to-purchase-6m-wor">Bitcoin acquisition strategy</a>, reminiscent of Michael Saylor-led Strategy Inc.&#8217;s (NASADQ: MSTR) approach. In June 2024, the firm announced plans to purchase over $6 million worth of Bitcoin using funds from a bond sale. This move was part of a broader strategy to enhance its crypto portfolio.



By October 2024, Metaplanet had further bolstered its Bitcoin holdings by acquiring an additional 107.91 BTCs, valued at nearly $7 million. This acquisition underscored the company&#8217;s confidence in Bitcoin&#8217;s potential as a valuable asset.



Metaplanet Is One Of The Top-10 Corporate Holders Of Bitcoin



In March 2025, Eric Trump was appointed as a strategic advisor to Metaplanet, a move that coincided with the company&#8217;s stock surging by an impressive 2,152% over the past year. This appointment was part of Metaplanet&#8217;s efforts to drive Bitcoin adoption and strengthen its position in the crypto market.



By April 2025, Metaplanet had become one of the top 10 corporate holders of Bitcoin, with a stash valued at $388 million. Eric Trump celebrated this achievement, highlighting the company&#8217;s rapid ascent in the crypto space.



As of the writing of this article, Coingecko data indicates that Metaplanet holds 18,991 BTC, which is worth $2.05 billion. Interestingly, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) is the next-largest corporate holder of Bitcoin at 18,430 BTC, worth $1.99 billion.



Benzinga's Edge Stock Rankings show that Strategy falters over the Short and Medium Price Trends. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how it ranks</a> against other Bitcoin hoarders such as Trump Media.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="404" height="94" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/31214716/Screenshot-2025-09-01-at-10.47.04.png" alt="" class="wp-image-1051266" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/31214716/Screenshot-2025-09-01-at-10.47.04.png 404w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/31214716/Screenshot-2025-09-01-at-10.47.04-300x70.png 300w" sizes="(max-width: 404px) 100vw, 404px" /></a></figure>



Photo courtesy: Maxim Elramsisy / Shutterstock.com



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47433508/peter-schiff-asks-if-bitcoin-is-digital-gold-why-is-it-trading-13-below-record-highs-despite-all-the-hype-and-trump-administration-support">Peter Schiff Asks If Bitcoin Is &#8216;Digital Gold&#8217; Why Is It Trading 13% Below Record Highs Despite &#8216;All The Hype&#8217; And Trump Administration Support</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 To Attend Shareholder Meeting Of A Company In Japan That Is Emulating Michael Saylor's Bitcoin Hoarding Strategy: Report

On Sunday, Peter Schiff, a well-known critic of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), highlighted the disparity between gold&#8217;s record high prices and Bitcoin&#8217;s current valuation. 



<h2 class="wp-block-heading">Why Is Bitcoin Even &#8216;Digital Gold&#8217;</h2>



Schiff questioned why Bitcoin, often dubbed &#8220;digital gold,&#8221; remains over 13% below its peak from November 2021. He also pointed out the extensive hype, <a href="https://www.benzinga.com/crypto/25/07/46526038/trump-bitcoin-gold-401k-retirement-funds-performance">governmental backing</a>, and corporate investments in Bitcoin, yet it still lags behind its previous highs when measured against gold. Schiff&#8217;s comments come as gold prices soar, setting new records.



<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">Gold closed at an all-time record high. If Bitcoin is digital gold, why is it more than 13% below its record high? Also, with all the hype, U.S. government support, and corporate buying, why is Bitcoin still 13% lower today than it was at its Nov. 2021 peak when priced in gold?&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1962126754765586489?ref_src=twsrc%5Etfw">August 31, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Schiff On Bitcoin&#8217;s Store of Value Capability</h2>



Schiff&#8217;s remarks were made on the social media platform X, where he frequently shares his views on economic matters. One of his latest posts drew attention to the contrasting trajectories of gold and Bitcoin, questioning the latter&#8217;s status as a reliable store of value.



Schiff&#8217;s observations are significant as they come amidst ongoing debates about Bitcoin&#8217;s role in the financial system. Despite Bitcoin&#8217;s substantial growth, Schiff has consistently voiced skepticism about its long-term viability. Recently, he predicted Bitcoin&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47331669/peter-schiff-predicts-bitcoin-could-sink-to-75000-sell-now-buy-back-lower">potential decline</a> to $75,000, advising investors to sell and repurchase at lower prices.



Schiff&#8217;s perspective on Bitcoin&#8217;s underperformance compared to traditional assets like gold and stocks is further elaborated in a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47349460/peter-schiff-says-bitcoin-bubble-is-running-out-of-air-but-is-btc-simply-taking-a-breather-after-77-annual-surge">Benzinga article</a>, where he warns that the cryptocurrency&#8217;s &#8220;bubble&#8221; is losing momentum.



<h2 class="wp-block-heading">Slammed Exit From Gold Standard</h2>



Moreover, Schiff has been vocal about the U.S. economic situation, linking current fiscal challenges to historical decisions like the 1971 gold standard exit. In another&nbsp;<a href="https://www.benzinga.com/markets/economic-data/25/08/47172250/peter-schiff-slams-nixons-1971-gold-standard-exit-as-us-debt-soars-9-trillion-while-bullion-jumps-85-both-poised-to-spiral-higher">Benzinga report</a>, he criticized the mounting national debt and its implications for the economy.



At the time of writing, Spot gold was seen trading 0.22% lower at $3,439.32. The precious metal has risen 4.56% over a month and has soared 31.1% over a year-to-date basis. Benzinga Pro data indicates, Bitcoin fell 0.9% to $108,217.42 over 24 hours. Over 30 days, it has declined 4.9%, and on a year-to-date basis, it has gained 15.9%.



Notably, Bitcoin touched an all-time high of $124,457.12 on Aug. 14, 2025, and is currently trading 13% below those levels, as mentioned by Schiff.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/08/47432632/as-ai-and-crypto-mining-converge-energy-pressures-spark-global-shift-in-hashrate-and-regulation" target="_blank" rel="noreferrer noopener">As AI and Crypto Mining Converge, Energy Pressures Spark Global Shift In Hashrate and Regulation As AI and Crypto Mining Converge, Energy Pressures Spark Global Shift In Hashrate and Regulation </a></li>
</ul>



Photo Courtesy: Jade ThaiCatwalk on Shutterstock.com



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>

Peter Schiff Asks If Bitcoin Is 'Digital Gold' Why Is It Trading 13% Below Record Highs Despite 'All The Hype' And Trump Administration Support

The rapid convergence of artificial intelligence and cryptocurrency mining is intensifying global energy pressures, forcing miners to adapt through renewables, AI optimization, and shifting regional strategies.



Crypto mining revenues are projected to grow to $3.3 billion by 2030, but the sector is now competing directly with the surging electricity needs of high-performance AI data centers. 



In the United States, data centers alone could account for nearly 9% of national electricity use by the end of the century, dwarfing cryptocurrency mining's current 0.4% share.



Vladimir Jedla, Director at <a href="https://invromining.com/xml/index.html#/app">InvroMining</a>, told Benzinga that the overlap of AI and blockchain is creating new models for infrastructure reuse and capital allocation. 



"AI is no longer just optimizing blockchain operations, it is reshaping how digital infrastructure and capital flows are managed globally," he said.



Industry observers note that miners are increasingly deploying artificial intelligence to dynamically manage allocations, cut energy waste, and repurpose sites for high-performance computing. 



Some platforms, such as NodeGoAI, are building decentralized computing marketplaces, enabling unused mining power to be monetized for AI or spatial computing tasks.



At the same time, regulation and geopolitics are redistributing global hashrate. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47419382/everything-blockchain-inc-joins-flares-xrpfi-standard-for-treasury-yield">Everything Blockchain Inc. Joins Flare&#8217;s XRPFi Standard For Treasury Yield</a>



Since China's crackdown on mining, Asia-Pacific countries including Bhutan, Australia, and the UAE have leaned on hydropower and surplus energy for operations, though inconsistent rules and high grid costs remain barriers. 



In Latin America, Brazil and Argentina are seeing growth thanks to low-cost electricity and inflation-hedging demand.



Policy fragmentation continues to shape the industry. 



Kuwait's decision to ban crypto mining in the Wafra region cut local electricity usage by more than half in a single week, while Pakistan is exploring the opposite approach by viewing crypto mining as strategic infrastructure and aligning it with surplus electricity and AI data centers.



Amid these structural shifts, InvroMining has expanded its multi-asset mining platform to support Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Binance Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), and stablecoins. 



The London-based company said it operates more than 130 renewable-powered facilities worldwide and is targeting carbon neutrality by 2030. 



Its roadmap includes predictive AI modules for monitoring and expansion into Asia-Pacific and Latin America.



Computing power, industry leaders say, will increasingly concentrate in jurisdictions that can balance energy security, regulatory clarity, and renewable adoption. 



In contrast, regions with political instability or strained grids may see mining decline.



Read Next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47415747/bitcoin-drops-below-109000-hold-here-or-face-95000-glassnode-warns">Bitcoin Drops below $109,000: Hold Here Or Face $95,000, Glassnode Warns</a>

As AI and Crypto Mining Converge, Energy Pressures Spark Global Shift In Hashrate and Regulation

Anthony Scaramucci, the founder of SkyBridge Capital, has forecasted a potential 40% drop in Bitcoin&#8217;s value before it hits the $500,000 milestone.



Scaramucci, a seasoned Wall Street veteran, sees volatility as an inherent part of the cryptocurrency market. He underscored the significance of long-term investment and urged investors to be ready for market swings.



Despite his warning of a potential correction, Scaramucci remains optimistic about Bitcoin&#8217;s future, predicting its value to reach half a million dollars within the next five to six years. 



"I predict that Bitcoin will probably get to $500,000 over the next five or six years. But could we have a 40% correction between now and then? Certainly. So you know, you got to be ready," Scaramucci said.



Speaking <a href="https://www.youtube.com/watch?v=2woKIGzC0Sg">with </a>Coinage, he pointed out the discrepancy between market perception and reality, implying that Bitcoin&#8217;s adoption is still in its infancy.



Scaramucci encouraged investors to hold onto their assets, citing his own experience of prematurely selling shares in companies like&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>),&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). He emphasized that underestimating the potential of Bitcoin is the gravest mistake an investor can make.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378636/scaramucci-bitcoin-is-a-volatile-asset-but-ready-for-prime-time-institutional-investing">Scaramucci: Bitcoin Is a Volatile Asset, But &#8216;Ready for Prime Time Institutional Investing&#8217;</a>



"If you have a great asset and I believe Bitcoin is a great asset, hold the asset. I sold Apple, I sold Amazon, I sold Microsoft, I sold Nvidia when it was a gaming company, and I didn't really understand it. The mistakes I've made in my career is I've sold great assets too early. Learn from my 37 years on Wall Street, learn from my mistakes," he said during the conversation. 



While recognizing the current bullish trend of the crypto market, Scaramucci cautioned investors to prepare for a possible crypto crash, reminding them that good times don&#8217;t last forever.



Scaramucci&#8217;s predictions underscore the volatile nature of the cryptocurrency market. His advice to investors to hold onto their assets and not underestimate Bitcoin&#8217;s potential highlights the long-term view many are taking towards this digital asset. 



His warning of a possible crypto crash serves as a reminder to investors that while the market may be bullish now, it is subject to rapid and significant changes.



Read Next



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47430979/eric-trump-highlights-chinas-influence-on-crypto-industry-calls-it-a-hell-of-a-power-in-cry">Eric Trump Highlights China&#8217;s Influence on Crypto Industry, Calls It a &#8216;Hell of a Power&#8217; in Crypto</a>

Bitcoin Could Plunge 40% Before Hitting $500K, Warns Anthony Scaramucci

Rep. Marjorie Taylor Greene (R-Ga.) has added considerable Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exposure to her investment portfolio in 2025, making strategic purchases into iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).



<h2 class="wp-block-heading">Greene&#8217;s Bitcoin ETF Gambit</h2>



The GOP lawmaker first tossed somewhere between $1,000 &#8211; $15,000 into the ETF on Jan. 8, according to the<a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene"> Benzinga Government Trades page</a>, ahead of President Donald Trump's inauguration. The stock rose 13% over the next two weeks.



Greene doubled up in March, purchasing between $15,000 &#8211; $50,000 worth of IBIT shares just three days before Trump's announcement for a planned <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Strategic Bitcoin Reserve.</a> Unlike last time, the ETH shares fell 8% over the next week.



According to Benzinga, Greene&#8217;s IBIT stake is up 10.2% as of this writing, better than her 2.4% return from Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).



Overall, the Congressperson gained 2.80% on average over the last year, lower than the S&amp;P 500. As of this writing, Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) were among the top performers in her portfolio, netting 76% and 57.7%, respectively.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47404114/bitcoin-flat-as-us-gdp-rebounds-in-q2-ethereum-xrp-dogecoin-slide-analyst-says-keep-an-eye-out-for-this-eth-level-to-confirm-real-breakout">Bitcoin Flat As US GDP Rebounds In Q2; Ethereum, XRP, Dogecoin Slide: Analyst Says &#8216;Keep An Eye Out&#8217; For This ETH Level To Confirm &#8216;Real Breakout&#8217;</a>



<h2 class="wp-block-heading">Examining Bitcoin Investments Of Other Lawmakers</h2>



Interestingly, Rep. Brandon Gill (R-Texas), who <a href="https://www.benzinga.com/insights/government/25/08/47094233/recent-filing-shows-that-rep-brandon-gill-bought-over-50k-worth-of-ishares-bitcoin-trust-stoc">bought into IBIT</a>, valued between $50,001 and $100,000, on July 17, is down 6.40% on the investment.



Furthermore, Sen. David McCormick (R-Pa.), who made several purchases of Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) in 2025, enjoyed an <a href="https://www.benzinga.com/gov-trades/securities/BITB">unrealized profit of 25.60%</a> as of this writing.&nbsp;



Price Action: At the time of writing, BTC was exchanging hands at $111,220.37, down 1.49% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin has rallied 18%.



Shares of IBIT ETF rose 0.57% after-hours after closing 0.11% lower at $63.58 on Wednesday. Year-to-date, the stock has gained 19.76%.



As of this writing, the stock demonstrated a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to check out how different Bitcoin ETFs have performed over the last month across categories like Momentum, Value, Growth and Quality.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="963" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29014209/image-544.png" alt="" class="wp-image-1048931" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29014209/image-544.png 963w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29014209/image-544-300x58.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29014209/image-544-768x149.png 768w" sizes="(max-width: 963px) 100vw, 963px" /></figure>



Shutterstock/Consolidated News Photos



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47404601/cynthia-lummis-says-publishing-us-gdp-data-on-blockchain-is-a-historic-move-thanks-trump-lutnick-for-leadership">Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A &#8216;Historic Move&#8217; — Thanks Trump, Lutnick For Leadership</a></li>
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Marjorie Taylor Greene Put Money In BlackRock's Bitcoin ETF This Year — Here's How Her Returns Stack Up Against Others In Congress

Eric Trump praised the significant role of China in shaping the cryptocurrency industry on Friday.



During the Bitcoin Asia event in Hong Kong on Friday, Trump commended about China and Hong Kong&#8217;s influence on the cryptocurrency sector. Despite China&#8217;s ban on institutional crypto trading and exchanges since 2017, Trump recognized the country&#8217;s substantial impact on the industry.



Trump also acknowledged the Middle East for its &#8220;massive&#8221; embrace of cryptocurrency and the rapid growth in the sector. He further expressed admiration for the enthusiasm for the industry in several South American countries.



He pointed out that despite China&#8217;s restrictions on crypto-related transactions, owning cryptocurrency remains legal in the country,&nbsp;and peer-to-peer activity continues in&nbsp;a legal gray area.



&#8220;There is no question that you have made an unbelievable mark on bitcoin and cryptocurrencies. There&#8217;s no question that China is a hell of a power when it comes to this world and doing it well,&#8221; Trump said.



Also Read: <a href="https://www.benzinga.com/news/24/12/42496864/exclusive-eric-trump-calls-elon-musk-albert-einstein-of-our-time-says-tesla-ceo-will-help-build-a-stronger-america">EXCLUSIVE: Eric Trump Calls Elon Musk &#8216;Albert Einstein Of Our Time,&#8217; Says Tesla CEO Will Help Build &#8216;A Stronger America&#8217;&nbsp;</a>



He also <a href="https://www.youtube.com/watch?v=UGyd4NhatS0">highlighted</a> Hong Kong&#8217;s adoption of&nbsp;crypto under a regulated pilot&nbsp;regime and China&#8217;s growing interest in&nbsp;stablecoins and tokenized real-world assets.



While in Hong Kong, Trump was promoting his American Bitcoin venture with Hut 8, his work with the DeFi project World Liberty Financial, and the Japanese bitcoin treasury firm Metaplanet.



Trump also also discussed his foray into the crypto space following the widespread debanking of Trump family businesses during the Biden administration.



Trump&#8217;s comments underscore the global influence of China and Hong Kong on the cryptocurrency industry, despite regulatory challenges.



His remarks also highlight the growing acceptance and adoption of cryptocurrency in regions such as the Middle East and South America. 



This global interest in cryptocurrency, along with the ongoing legal and regulatory developments, will continue to shape the future of the industry.



Benzinga reached out to Eric Trump during the Bitcoin Asia conference for his views on China's cryptocurrency growth.



Read Next



<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency</a>

Eric Trump Highlights China's Influence on Crypto Industry, Calls It a 'Hell of a Power' in Crypto

Elon Musk's longtime lawyer Alex Spiro is reportedly set to chair a $200 million Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) treasury company backed by the House of Doge, marking a major step in bringing the meme-inspired cryptocurrency further into mainstream finance.



<h2 class="wp-block-heading">Dogecoin Treasury Company In The Works</h2>



A pitch circulating among investors details plans for a publicly traded company dedicated to holding and investing in Dogecoin, <a href="https://fortune.com/crypto/2025/08/29/elon-musk-alex-spiro-dogecoin-house-of-doge-crypto-treasury-company/">reported</a> Fortune, citing six sources.



Three sources confirmed they were approached directly, while three others said they were briefed by parties involved.



The House of Doge — the official corporate entity tasked with Dogecoin's development — is said to have approved the initiative, branding it the "official" Dogecoin vehicle, the report said.



The Miami-based group was launched in early 2025 by the Dogecoin Foundation to help formalize the popular cryptocurrency's growth.



While exact details on the public offering's structure and launch timeline remain undisclosed, two sources, according to the report, confirmed the goal is to raise at least $200 million.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/08/47225538/china-doesnt-need-nvidia-futurum-ceo-calls-that-next-level-nonsense-dan-ives-reacts-with-a-fiery-response" target="_blank" rel="noreferrer noopener">China Doesn't Need Nvidia? Futurum CEO Calls That ‘Next-Level Nonsense' — Dan Ives Reacts With A Fiery Response</a>



<h2 class="wp-block-heading">Spiro's Role And Musk's Ties</h2>



Spiro, Musk's high-profile attorney known for representing celebrities including Jay-Z and Alec Baldwin, is slated to serve as chairman of the new company.



Spiro successfully defended Musk in 2024, winning dismissal of a lawsuit that <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33239355/elon-musk-accused-of-financing-unlawful-harassment-campaign-against-dogecoin-investors">accused the billionaire of manipulating</a> Dogecoin prices.



Musk's direct involvement in the new treasury entity remains unclear.



<h2 class="wp-block-heading">Dogecoin's Market Influence And Corporate Strategy</h2>



Dogecoin, originally launched in 2013 by software engineers Jackson Palmer and Billy Markus as a joke cryptocurrency based on a Shiba Inu meme, has evolved into one of the most widely recognized tokens, boasting a market cap of more than $32 billion.



Previously, its value often surged following Musk's public endorsements, fueling both investor enthusiasm and <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32904982/elon-musk-denies-owning-dogecoin-in-response-to-insider-trading-lawsuit">regulatory scrutiny</a>.



The planned treasury company mirrors moves by firms like Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), previously known as MicroStrategy, which turned its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings into a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46053180/sequans-takes-a-page-from-microstrategy-is-bitcoin-the-new-corporate-treasury-play">stock-market proxy for the cryptocurrency</a>, helping drive its valuation to nearly $96 billion.



Since January, 184 public companies have announced crypto purchases worth a collective $132 billion, according to Architect Partners, the report noted.



Analysts say a publicly traded Dogecoin treasury could provide traditional investors with exposure to the memecoin while cementing its legitimacy as an asset class.



At the time of writing, Dogecoin was valued at $0.2168, marking a 1.37% increase over the past 24 hours.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/08/46885469/amd-ceo-lisa-su-says-china-strategy-rebounding-as-mi308-ai-chips-await-us-license-better-position-than-we-were-ninety-days-ago" target="_blank" rel="noreferrer noopener">AMD CEO Lisa Su Says China Strategy Rebounding As MI308 AI Chips Await US License: ‘Better Position Than We Were Ninety Days Ago&#8217;</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: Stanslavs on Shutterstock.com

DOGE Jumps As Elon Musk's Star Lawyer Alex Spiro Set To Chair $200 Million Dogecoin Treasury Firm: Report

Cryptocurrency markets are trading lower ahead of the holiday weekend.



<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>$108,506.34</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,350.55</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$203.15</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.82</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2118</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001204</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 144,840 traders were liquidated in the past 24 hours for $545.67 million. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>



<li>SoSoValue data shows net inflows of $178.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $39.2 million. </li>



<li>In the past 24 hours, top gainers include Pyth Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYTH</a>), Pump.fun (CRYPTO: PUMP) and Pi (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PI</a>)</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47419382/everything-blockchain-inc-joins-flares-xrpfi-standard-for-treasury-yield">Everything Blockchain Inc. Joins Flare&#8217;s XRPFi Standard For Treasury Yield</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47407236/raoul-pal-says-crypto-market-is-ready-for-launch-after-waiting-in-the-room-but-asks-for-patience">Raoul Pal Says Crypto Market Is &#8216;Ready For Launch&#8217; After &#8216;Waiting In The Room,&#8217; But Asks For Patience</a></li>



<li><a href="https://www.benzinga.com/crypto/25/08/47406495/kevin-oleary-says-gen-zs-invest-in-bitcoin-ethereum-alongside-stocks-a-chance-he-never-had-early-in-his-investment-journey">Kevin O&#8217;Leary Says Gen Zs Invest in Bitcoin, Ethereum Alongside Stocks, A Chance He Never Had Early in His Investment Journey</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47413365/bitcoin-is-the-best-way-to-store-wealth-for-the-future-jack-mallers-says">Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47405068/solana-outgains-bitcoin-ethereum-after-defi-development-bags-77-million-in-sol-for-corporate-reserves">Solana Outgains Bitcoin, Ethereum After DeFi Development Bags $77 Million In SOL For Corporate Reserves</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47409495/eric-trump-says-there-is-no-question-bitcoin-will-hit-1-million">Eric Trump Says &#8216;There Is No Question&#8217; Bitcoin Will Hit $1 Million</a></li>
</ul>



Trader Notes: Crypto trader Moustache aka El Crypto Prof pointed out that Bitcoin is currently testing its most important two-year trendline, a support level that has guided the entire cycle.



<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> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is now touching the most important trendline, which has been in place for two years.&#x1f440; <a href="https://t.co/03D0yw97Y9">pic.twitter.com/03D0yw97Y9</a>&mdash;

Bitcoin Drops Below $109,000 As XRP Slides Below $3 And ETH, Dogecoin Wobble

Investor sentiment faded on Friday as a key inflation gauge closely watched by the Federal Reserve climbed to a five-month-high, casting fresh uncertainty over the timing of <a href="https://www.benzinga.com/topic/federal-reserve">potential interest rate cuts.</a>



The core Personal Consumption Expenditures index — the Fed's preferred inflation gauge — rose 2.9% year-over-year in July, in line with forecasts but still marking<a href="https://www.benzinga.com/markets/economic-data/25/08/47411230/pce-inflation-report-fed-favorite-gauge-july-2025-personal-income-spending"> a five-month high</a>. The timing unsettled markets, coming just a week after Fed Chair Jerome Powell signaled that the central bank may soon begin lowering interest rates.



By midday trading in New York, all major equity benchmarks were in negative territory, led by underperformance in tech and high-growth names. More speculative assets, including cryptocurrencies, saw steeper losses.



The Nasdaq 100 fell 1.3%, snapping a three-day winning streak. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) slid 3.4%, a sharper decline than Thursday's modest 0.8% dip following a muted market reaction to its positive-but-unremarkable quarterly earnings beat.



Despite the pullback, all major indices remain on track to close August in the green, marking a fourth consecutive month of gains.



Precious metals: Traders sought inflation hedges amid rising concerns about policy missteps.



<ul class="wp-block-list">
<li>Gold jumped 0.9%, reaching its highest level since April 22 and trading just 1.5% below its all-time high. </li>



<li>Silver surged 1.9% to $39.70, its strongest level since September 2011.</li>
</ul>



In the crypto market:



<ul class="wp-block-list">
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 3.8% to $108,400, heading for its third consecutive weekly decline. </li>



<li>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) both lost 4.5%, tracking broader weakness across digital assets.</li>
</ul>



<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Dow Jones</td><td>45,483.88</td><td>-0.3%</td></tr><tr><td>Russell 2000</td><td>2,366.15</td><td>-0.5%</td></tr><tr><td>S&amp;P 500</td><td>6,457.73</td><td>-0.7%</td></tr><tr><td>Nasdaq 100</td><td>23,409.62</td><td>-1.2%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:25 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) dropped 0.7% to $592.65.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropped 0.3% to $455.60.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.2% to $570.32.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 0.4% to $235.26.</li>



<li>The&nbsp;Financial&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 0.5%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.5% to $262.46.</li>
</ul>



<h2 class="wp-block-heading">Stocks On The Move Friday</h2>



<ul class="wp-block-list">
<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) jumped nearly 13%, its strongest session since March 2023, after delivering quarterly earnings that sharply exceeded Wall Street expectations.</li>



<li>Other Chinese tech names advanced as well, with Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbing 4.4% and JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) adding 2.6%.</li>



<li>Other stocks reacting to earnings reports included Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) down 7.9%, Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) up 8.1%, Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) down 16.5%, Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) up 10.6% and Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) down 6.5%. </li>
</ul>



Now Read:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/08/47390011/china-nvidia-h20-chips-cambricon-technologies-stock-price-export-ban">China Just Found Its Nvidia Replacement—And This Stock Has Exploded 125% </a></li>
</ul>



Image: Shutterstock

Stocks Fall, Gold Rallies, Silver Hits 24-Year Highs As Inflation Rises: What's Moving Markets Friday?

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) is once again pulling back close to the $200 level, but market observers see a move toward <a href="https://www.benzinga.com/money/solana-price-prediction#:~:text=Solana's%20price%20in%202025%20is,an%20average%20price%20of%20%24137.59.">$300 coming soon</a>.



What Happened: In a detailed X <a href="https://x.com/ali_charts/status/1961077110354645133">post</a>, crypto chart analyst Ali Martinez highlighted Solana's test of the $205–$207 resistance zone, which has rejected three previous rallies. 



This time, however, SOL briefly broke above to $212, sparking optimism that the breakout could stick.



Unlike past attempts, social sentiment remains subdued instead of euphoric, suggesting less risk of a crowded top.



 On-chain data shows roughly $1 billion in realized profits, yet strong accumulation between $165–$207 is acting as downside support.



Overall, with subdued sentiment, strong accumulation, and minimal resistance overhead, this breakout attempt has a higher chance of succeeding than past failures.



If SOL holds above $212–$215, Martinez said, there is little historical resistance until $300.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47405068/solana-outgains-bitcoin-ethereum-after-defi-development-bags-77-million-in-sol-for-corporate-reserves">Solana Outgains Bitcoin, Ethereum After DeFi Development Bags $77 Million In SOL For Corporate Reserves</a>



Why It Matters: Glassnode data shows Solana is trading near its mean price of $210. 



If defended, the next key test is the +0.5σ MVRV band near $275. 



Supporting the bullish setup, Solana's stablecoin <a href="https://x.com/crypto_rand/status/1961405826540683479">supply</a> has risen to $12.17 billion, just 7% below its all-time high.



<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">MVRV standard deviation bands help anchor expectations for <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>. Since the March 2024 top, the +0.5σ band has acted as resistance, where profit-taking outweighed demand. Price now sits near the mean ($210). If defended, the +0.5σ band at ~$275 becomes the next test. <a href="https://t.co/EC3P0ttu55">pic.twitter.com/EC3P0ttu55</a>&mdash; glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1961386710991847909?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Martinez also <a href="https://x.com/ali_charts/status/1961337524221325657">noted</a> about 18.56 million SOL, worth roughly $4 billion, was accumulated around $180, strengthening support levels.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47367630/institutions-hold-1-72-billion-in-solana-strategic-reserve-data-reveals">Institutions Hold $1.72 Billion In Solana, Strategic Reserve Data Reveals</a></li>
</ul>



Image: Shutterstock

This Solana Key Level Could Unlock A Rally To $300

Everything Blockchain Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EBZT#OTC">EBZT</a>) has become one of the first U.S.-listed companies to adopt Flare's XRPFi framework for <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47383027/xrp-market-cap-approaching-200-billion-then-why-is-xrp-so-hated">digital asset treasury management</a>, the firm announced on Friday.



The move positions EBZT alongside Nasdaq-listed VivoPower International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVPR#NASDAQ">VVPR</a>), which earlier this year committed $100 million in XRP to the same model. 



Together, these adoptions highlight XRPFi's push to become an institutional standard for corporate treasury yield.



XRPFi is Flare's initiative to transform XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), traditionally a non-yielding asset, into a productive tool for treasuries.



The framework uses FAssets, Flare's trustless bridging system, and Firelight, its decentralized restaking protocol, to convert XRP into FXRP and allocate it across staking, lending, and liquidity markets.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47415747/bitcoin-drops-below-109000-hold-here-or-face-95000-glassnode-warns">Bitcoin Drops below $109,000: Hold Here Or Face $95,000, Glassnode Warns</a>



"XRP, now a roughly $150 billion asset, has been a cornerstone of digital finance for more than a decade, yet institutions have had few ways to make it productive," said Hugo Philion, Flare's co-founder and CEO.



Arthur Rozenberg, CEO of Everything Blockchain Inc., said the decision demonstrates how XRP can serve as a compliant, yield-bearing asset. 



"This is about unlocking the true financial utility of digital assets like XRP, not just as speculative holdings, but as yield-bearing instruments that can compound over time," he said.



Flare said multiple public companies are now integrating XRPFi, underscoring its ambition to serve as the default programmable utility layer for XRP in institutional finance.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47413365/bitcoin-is-the-best-way-to-store-wealth-for-the-future-jack-mallers-says">Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says</a></li>
</ul>



Image courtesy of Everything Blockchain Inc.

Everything Blockchain Inc. Joins Flare's XRPFi Standard For Treasury Yield

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) risks a deeper retracement toward $93,000–$95,000 if it loses critical support near $107,000–$108,900, according to Glassnode's latest on-chain analysis.



The cryptocurrency is currently trading around $108,800 after pulling back from its $124,000 all-time high.



Analysts <a href="https://insights.glassnode.com/the-week-onchain-week-34-2025/">noted</a> that while a rebound to $113,600 remains possible, short-term holders are under pressure and may sell into strength, limiting upside momentum.



Glassnode highlighted that Bitcoin sits above a dense cost-basis cluster between $93,000 and $110,000, which could serve as a mid-term floor. 



However, a sustained move below the six-month holder cost basis at $107,000 would raise the risk of accelerated selling.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47413365/bitcoin-is-the-best-way-to-store-wealth-for-the-future-jack-mallers-says">Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says</a>



Despite the retracement, unrealized and realized losses remain shallow compared to prior cycles, with no signs yet of mass capitulation. 



Relative Unrealized Loss sits at just 0.5%, far from the 30%+ levels seen in past bear phases.



Off-chain data shows mixed sentiment. 



Spot market demand has neutralized, while perpetual futures positioning has turned bearish, with funding rates suggesting fragile neutrality.



Glassnode's states that the correction remains modest by historical standards, but conviction among buyers has weakened, leaving the market vulnerable to further downside if support levels fail.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47409495/eric-trump-says-there-is-no-question-bitcoin-will-hit-1-million">Eric Trump Says &#8216;There Is No Question&#8217; Bitcoin Will Hit $1 Million</a></li>
</ul>



Image: Shutterstock

Bitcoin Drops below $109,000: Hold Here Or Face $95,000, Glassnode Warns

Jack Mallers, CEO and co-founder of Twenty One Capital, on Friday argued that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is the most reliable way to preserve value in an era of rising inflation and declining trust <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47323631/bitcoin-ethereum-plunge-defied-by-these-gold-backed-cryptos-today-this-is-how-much-tether-gold-and-pax-gold-have-gained-in-2025">in traditional assets</a>.



What Happened: Speaking in an <a href="https://www.youtube.com/watch?v=QhcW8t1OVNE">interview</a> with CNBC on Thursday, Mallers said the dollar's debasement forces individuals to become "speculators," and Bitcoin provides the best alternative for safeguarding wealth over time.



"You make a decision every single day whether you know it or not," Mallers explained. "Because the dollar is being debased, everyone is a speculator. And in my opinion over the last 15 years and will continue to be so, Bitcoin is the best place to do that. Take the wealth you're creating today, bring it with you tomorrow."



Mallers contrasted Bitcoin with fiat currencies and traditional investment portfolios. 



He pointed out that bonds have delivered five consecutive years of losses, while the 60/40 portfolio is "rolling over" after four decades of consistent gains. 



"If it isn't dollars, if it isn't treasuries, if it isn't an index of stocks, Bitcoin and assets like gold are maturing as a neutral reserve asset that you can capitalize yourself on," he said.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47409495/eric-trump-says-there-is-no-question-bitcoin-will-hit-1-million">Eric Trump Says &#8216;There Is No Question&#8217; Bitcoin Will Hit $1 Million</a>



Why It Matters: Positioning Twenty One Capital as "a Bitcoin company," Mallers said the firm is not just building a treasury strategy but developing products, generating cash flow, and attracting significant partners such as SoftBank.



He emphasized the firm's goal is to be "the best Bitcoin company in the world" by combining capital market access with real-world services.



Mallers added that Bitcoin's market potential is vast compared to other digital assets. 



"Bitcoin is a $500 trillion asset in the making," he said, arguing that other cryptocurrencies risk diluting focus with speculative use cases. 



Instead, he sees Bitcoin-centered financial services as the most enduring and impactful opportunity.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47394536/bitcoin-undervalued-compared-to-gold-fair-value-at-126000-jpmorgan">Bitcoin Undervalued Compared To Gold, Fair Value At $126,000: JPMorgan</a></li>
</ul>



Image: Shutterstock

Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is hovering near $110,000 and trading in a tight range, leaving traders questioning whether the bull has fallen asleep after delivering a 700% rally <a href="https://www.benzinga.com/money/bitcoin-price-prediction">from late 2022 lows</a>.



What Happened: Bitcoin surged from $15,000 in November 2022 to a record high around $124,500 earlier this year. 



But momentum now appears to be fading. 



Crypto analyst Ali Martinez <a href="https://x.com/ali_charts/status/1961368217420464411">noted</a> Bitcoin's dominance is starting to crack, mirroring conditions seen ahead of the 2021 peak.



Martinez flagged multiple warning signs, including an RSI bearish divergence, a MACD crossover, and a possible breakdown if BTC loses $108,700 support. 



On-chain signals add to the bearish case: the MVRV Momentum indicator has flipped negative for the first time in this cycle, marking what Martinez described as a potential macro momentum reversal.



Key downside levels include $108,700, $104,500, $97,000, and, if selling deepens, $60,000. 



While all the evidence suggests, the "top maybe in for Bitcoin," the bullish case requires validations. 



For bulls to remain in control, Martinez said Bitcoin must hold $108,700 and see the MVRV recover with a golden cross. 



Absent those signals, the risk of a broader correction increase.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47409835/bitcoin-ethereum-xrp-dogecoin-decline-again-and-clocked-out-early">Bitcoin, Ethereum, XRP, Dogecoin Decline Again And &#8216;Clocked Out Early&#8217;</a>



Why It Matters: Martinez also highlighted that Bitcoin supply in profit is showing early signs of a downtrend, reinforcing the view that the top may already be in.



<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">Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Supply in Profit signals a possible shift into a downtrend phase! <a href="https://t.co/ksQos1xUfd">pic.twitter.com/ksQos1xUfd</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1960952489337086233?ref_src=twsrc%5Etfw">August 28, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



In an X post on Aug 28, he <a href="https://x.com/ali_charts/status/1960839757522722912">pointed</a> to a "death cross" in the MVRV Momentum indicator as evidence of a shift from positive to negative macro momentum.



Read Next:



<ul class="wp-block-list">
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Image: Shutterstock

Bitcoin Bull Market 'Falls Asleep' After 700% Run, Analyst Warns

Cryptocurrency markets are trading lower early Friday morning ahead of the release of new inflation data.



<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>$110,055.40</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,340.84</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$208.32</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.87</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2153</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001223</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 127,390 traders were liquidated in the past 24 hours for $413.27 million. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>



<li>SoSoValue data shows net inflows of $178.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $39.2 million. </li>
</ul>



Trader Notes: As Bitcoin broke below $110,000, More Crypto Online <a href="https://x.com/Morecryptoonl/status/1961375810624856085">remarked</a> that it seemed to have "clocked out early" and entered weekend mode. 



Crypto Caesar noted BTC's struggle to reclaim the $112,000 zone, suggesting the coin is only trying to convince traders the cycle is over. He is watching two key levels: $100,855 and $116,347.



<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=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> &#8211; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> failed to regain the 112K zone with full conviction. I'm watching these two zones. They want you to think this cycle is over. <a href="https://t.co/6DmoixRGsK">pic.twitter.com/6DmoixRGsK</a>&mdash; Crypto Caesar (@CryptoCaesarTA) <a href="https://twitter.com/CryptoCaesarTA/status/1961358923476472087?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Michael van de Poppe expects Ethereum to dip below its daily 20-EMA as markets stay shaky, but views this as a setup for a potential Q4 altcoin rally.



<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">I think that we&#39;ll see a drop beneath the 20-EMA on the daily for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. The markets are looking shaky, and if that happens, we&#39;ll have some downwards momentum for a little while. This will be the ideal setup for Q4, the <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoin</a> run. <a href="https://t.co/JBQQul7mun">pic.twitter.com/JBQQul7mun</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1961379048250388750?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Bluntz Capital is <a href="https://x.com/Bluntz_Capital/status/1961222182232850533">mapping</a> Solana's bullish structure, projecting a push above $500 in Q1 2026.



Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1961321978310140033">highlighted</a> that XRP is retracing as expected toward the $2.83 level.



Trader Tardigrade noted the coin has entered the final stage of cycle III after crossing $0.21.



<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=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a>/3-month<a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> has reached the final stage of cycle III &#x1f525; <a href="https://t.co/P66bOK43X8">pic.twitter.com/P66bOK43X8</a>&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1961353907705450519?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47340927/bitcoin-will-correct-further-in-september-analyst-maintains">Bitcoin Will Correct Further In September, Analyst Maintains</a></li>
</ul>



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