Home Blog Page 478

Florida Considers Adding Bitcoin to State Investment Portfolio

Zabi
-
0
Florida Considers Adding Bitcoin to State Investment Portfolio

Florida lawmakers have started the new legislative session with a bill that would let the state’s chief financial officer invest public money in Bitcoin, tokenized assets, and NFTs

The House Bill 183, filed in the Florida House, aims to include digital assets in the state’s investment strategy beginning July 1, 2026.

If approved, the CFO could direct a maximum of 10% of select public funds toward investments in cryptocurrencies or ETPs. Specifically, this allocation would apply to funds such as the General Revenue Fund and various trust funds.

Similarly, a provision would allow the State Board of Administration to invest up to 10% of the Florida Retirement System Trust Fund in digital assets.

Secure Custody and Regulatory Oversight

HB 183 defines digital assets broadly, covering Bitcoin, tokenized securities, and non-fungible tokens (NFTs). To ensure safety, the bill mandates that assets be managed in accordance with stringent custody rules. This may include execution directly by the CFO, through a qualified custodian, or via SEC-registered ETFs.

Additionally, the proposal frames Bitcoin as a store of value and inflation hedge, backed by recent federal actions. Lawmakers cite the March 2025 White House executive order, which creates a Strategic Bitcoin Reserve and digital asset stockpile, as a guiding framework for the state’s plan.

Beyond investment, HB 183 would allow Floridians to pay certain taxes and fees in digital assets. Under this system, any crypto payments would be immediately converted to U.S. dollars before being deposited into the state’s general fund, reducing volatility risks.

Legislative Momentum and National Context

Currently, HB 183 awaits committee assignment in the Florida House. Before becoming law, the bill must pass both the House and Senate and secure the governor’s signature. If enacted, Florida could begin implementing the new policy by mid-2026.

Florida’s push follows a growing national trend of states exploring digital asset investment policies. In 2025, Arizona, New Hampshire, and Texas enacted similar Bitcoin reserve laws, reflecting an expanding state-level appetite for crypto diversification.

According to Julian Fahrer, founder of Bitcoin Laws, over 50 related bills were introduced nationwide this year. He added, “Most of the failed bills you see are because state legislatures adjourned,” noting that interest remains strong and is likely to grow in upcoming sessions.

Federal Context and Market Influence

Meanwhile, the federal government’s new Strategic Bitcoin Reserve, announced earlier in 2025, has given additional legitimacy to these state-led initiatives.

Treasury Secretary Scott Bessent clarified in August 2025 that the reserve would hold only seized Bitcoin, not new purchases. Still, he said the program helped validate the idea and increased pressure on states to follow suit.

Hoskinson Challenges Critics Who Praise Cardano Foundation but Portray Him as Villain

Lele Jima
-
0
Hoskinson Challenges Critics Who Praise Cardano Foundation but Portray Him as Villain

Cardano founder Charles Hoskinson highlighted the irony of being seen as the project’s villain by those who simultaneously praise the Cardano Foundation.

Hoskinson’s comments come in response to allegations from a Stake Pool Operator (SPO) who accused him of diverting funds from the Cardano treasury to finance other ventures.

The accusation quickly gained traction within the community. One member questioned why the SPO chose to single out Hoskinson instead of also criticizing the Cardano Foundation. This user suggested that the Foundation continues to earn returns on staked ADA without contributing significantly to the broader Cardano ecosystem.

In response, the SPO argued that the Cardano Foundation is not the problem, as it has been cooperative and easy to work with—particularly in developing the network’s protocols. However, the SPO claimed that the friction between Input Output Global (IOG) and the Cardano Foundation stems from Hoskinson himself.

Hoskinson Reacts

As the discussion unfolded, Hoskinson responded by highlighting what he sees as a growing pattern of inconsistency and negativity within certain segments of the Cardano community.

In a sarcastic remark, he said he finds it amusing that people label him as the project’s antagonist who should step away, even as they continue to praise the Cardano Foundation.

He suggested that this inconsistency is quickly becoming part of the community’s culture, particularly among critics. His statement subtly reflects his frustration with what he perceives as a mischaracterization of his role and intentions.

Ongoing Dispute Between IOG and Cardano Foundation

For context, Hoskinson’s company, IOG, and the Cardano Foundation have been at loggerheads for years, with both sometimes disagreeing publicly over the use of funds in the treasury.

Earlier this year, the Cardano Foundation proposed a 31 million ADA reduction to Intersect’s 2025 ecosystem budget. Notably, most of the cuts were directed at core development funding originally allocated to Hoskinson’s company.

In response, some users believed that the Cardano Foundation made the proposal to undermine IOG’s developmental efforts—an interpretation Hoskinson agreed with.

Last month, after an audit cleared Hoskinson of allegations relating to the misappropriation of $600 million worth of unredeemed ADA vouchers, he called on his critics, including the Cardano Foundation, to issue an apology.

He also criticized the Foundation’s board last year, describing it as unelected and unaccountable. Hoskinson also claimed its members intended to vote against the ecosystem’s budget and constitution.

Meanwhile, amid the ongoing discord, some community members have urged both parties to resolve their differences and work together to advance Cardano to the next level.

Ripple to Buy $1B in XRP: Here’s XRP Price if the Treasury Hits $10B

Sam Wisdom Raphael
-
0
Ripple to Buy $1B in XRP: Here’s XRP Price if the Treasury Hits $10B

With Ripple reportedly leading efforts to purchase $1 billion worth of XRP, how could XRP price react if the firm bumped the treasury to $10 billion?

For context, Ripple is moving ahead with a major plan to raise at least $1 billion to buy more XRP, according to a recent Bloomberg report. 

Ripple Reportedly Leading Efforts to Buy $1B in XRP

Per the report, the company aims to store the funds in a new digital-asset treasury (DAT) as part of efforts to strengthen its position in the crypto market. People familiar with the plan said Ripple will use a special purpose acquisition company (SPAC) to raise the money and will also add some of its own XRP to the fund.

Notably, the final structure of the deal is still being discussed, and details could change before completion. Those close to the talks, who asked to remain anonymous, explained that Ripple has not yet shared an official comment. 

However, the move indicates that the company remains focused on expanding its reach despite the broader crypto market facing recent uncertainties on the back of the Oct. 10 flash crash.

Expectedly, the report triggered excitement within the XRP community, who, in usual fashion, presented speculative ideas. Some suggested this $1 billion push might be part of a larger strategy to build a long-term treasury, which could have major implications for XRP’s price over time.

Nonetheless, how this could impact XRP remains unclear. As a result, we asked Google Gemini to analyze a hypothetical scenario where Ripple boosts its fundraising goal from $1 billion to $10 billion. At the time of the assessment, XRP traded around $2.35, with a circulating supply of about 60 billion tokens. 

XRP Price if Ripple Bumped the Treasury to $10B

Responding to the query, Gemini explained that if Ripple decided to spend $10 billion buying XRP, it would amount to around 7.1% of the token’s entire market value. It said this level of demand would likely shake up the market and send prices sharply higher.

According to Gemini, such a huge buying effort would quickly eat up available liquidity on exchanges, leaving fewer tokens for sale and forcing the price upward. Beyond the direct buying pressure, Gemini said the move would also create a massive psychological effect.

Google Gemini Commentary on Ripple Treasury Plans
Google Gemini Commentary on Ripple Treasury Plans

Specifically, investors would see it as a signal that Ripple has strong confidence in XRP’s long-term value. This sentiment could trigger massive FOMO, drawing in more retail and institutional investors and adding even more buying pressure.

Gemini also noted that how Ripple structures the accumulation would matter. If the company buys gradually, the price could rise steadily over time. But if Ripple purchases in large, rapid bursts, the price could shoot up quickly and then swing wildly as traders rush to react.

In a bullish projection, Gemini estimated that if Ripple pursued a $10 billion accumulation plan, XRP could climb to new all-time highs. It placed the potential price range between $45 and $75 per token. At the upper end of that range, XRP’s market cap would hit about $4.5 trillion, considering the 60 billion tokens.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

Gemini explained that this kind of surge wouldn’t just come from buying activity alone. It would also come from what it called a “utility premium.” For context, this refers to the value the market assigns to XRP’s real-world use in areas such as Ripple Payments.

Cardano Founder Shares Why Midnight is the Most Transformational Project in Cardano History

Elendu Benedict
-
0
Cardano Founder Shares Why Midnight is the Most Transformational Project in Cardano History

Cardano founder Charles Hoskinson has continued to commend Midnight, this time highlighting how it is shining the light on the Cardano ecosystem.

Hoskinson appeared on the Crypto Crow show with host Jason Appleton on Wednesday to discuss the Cardano ecosystem. Notably, one of the hottest highlights was his bold statements on the impact of the Midnight project on Cardano.

Midnight Is Fixing Cardano: Hoskinson

Hoskinson called Midnight the “most transformational project in the history of Cardano,” highlighting its perks to the network. He noted that the Midnight project moved Cardano from a closed ecosystem to one striking multiple partnerships with major industry players.

He specified some of the collaborations Midnight has made, including one with Brave, Blockchain.com, Bitcoin.com, and Google Cloud. In total, the privacy-focused blockchain has made over 100 partnerships with several entities, averaging one deal every three days.

Meanwhile, Hoskinson emphasized that every Midnight partnership is a Cardano deal because it is a Cardano native token. As a result, any entity that adopts it would have to incorporate Cardano too.

Fixes on Oracle, Stablecoin, and Adoption

Furthermore, the IOG CEO noted that Midnight will fix some of the major Cardano setbacks, such as the oracle and stablecoin problems. For perspective, while Cardano has oracle solutions such as Charli3 and Orcfax, they have not quite achieved the required adoption.

Stablecoin traction also remains comparably low on Cardano as against its peers like Solana and Ethereum. Specifically, Cardano ranks 48th in the stablecoin market cap ranking per DeFiLlama, with just $37.5 million. This is meager in comparison to Ethereum’s $162.3 billion, Tron’s $78.35 billion, and Solana’s $15.64 billion.

Hoskinson noted that this sector would receive major boosts with Midnight. Meanwhile, he did not provide further context on how this would happen.

Additionally, Hoskinson revealed that Midnight would become the first Cardano native token to be listed on every major exchange. This event, which he noted is “an inevitability,” aligns with his earlier assertion that Midnight will debut as the largest Cardano token.

Midnight Nears Launch

Remarkably, the clock is ticking on the mainnet launch of Midnight. The privacy-focused Cardano sidechain is set to debut later in Q4 2025, with the “Glacier Drop” already done.

For the uninitiated, the drop event marked the distribution phase of the NIGHT token to eligible holders across eight blockchains. The Midnight team planned to airdrop about 24 billion NIGHT tokens, claimable on its platform.

With the Glacier Drop now done, the current phase is the Scavenger Mine, where users can earn unclaimed tokens through simple computational tasks.

Here’s XRP Price if Wall Street 2.0 Spills to the XRPL

Sam Wisdom Raphael
-
0
Here’s XRP Price if Wall Street 2.0 Spills to the XRPL

The price of XRP could soar to lofty two-digit levels if Wall Street 2.0 spills to the XRP Ledger (XRPL) amid the growing tokenization market.

Notably, Ondo Finance recently spotlighted the future of finance and blockchain after calling attention to a CNBC interview featuring former TD Ameritrade CEO Joe Moglia. 

The company said the next phase of Wall Street, which it calls “Wall Street 2.0”, is already emerging on Ethereum. To support this view, Ondo shared a clip of Moglia explaining why he believes the financial system is moving toward tokenization faster than most people realize.

Wall Street 2.0 Is Emerging Onchain

In the interview, Moglia said that every major financial product, such as stocks, options, mutual funds, and ETFs, will soon exist in tokenized form over the next few years. 

He explained that this change isn’t a distant possibility but a direction the industry is already heading. Moglia used the rise of stablecoins as proof. He noted that five years ago, no one even talked about stablecoins, but today they make up a $280 billion market. 

The industry commentator also cited a projection from U.S. Treasury Secretary Scott Bessent, which estimates that the stablecoin market could grow to $2 trillion within two years.

Moglia pointed out that Ethereum currently dominates this scene, accounting for roughly 60% of the tokenized market. He said Ethereum’s strength lies in its programmable smart contracts, which can handle complex institutional transactions, including cross-border settlements, almost instantly. 

Responding to these comments and Ondo’s post, Brad Kimes of Digital Perspectives agreed that tokenization represents the future. However, he argued that the future is multi-chain and platforms like the XRP Ledger could also play important roles. 

According to him, these smart contracts could also settle on the XRPL using Ripple stablecoin RLUSD and XRP. Notably, such a development would have a massive impact on XRP price, but the scale of this impact remains uncertain.

XRP Price if Wall Street 2.0 Spills to the XRPL

To assess this, we asked Google Gemini what XRP’s price could look like in two years if Kimes’ vision came true. 

Responding, Gemini noted that no one can predict crypto prices with certainty, given the market’s volatility. Nonetheless, it suggested that XRP could rise to between $10 and $27 if the XRPL secured a meaningful share of the expanding tokenization and stablecoin ecosystem.

Gemini said the upper target of $27 aligns with projections from analysts, who compare XRP’s long consolidation phase to the early growth patterns of major tech companies like Amazon. The chatbot explained that such a surge could happen if the XRP Ledger became a leading settlement network for a large portion of the $2 trillion stablecoin market. 

High End XRP Price Prediction Google Gemini
High End XRP Price Prediction | Google Gemini

Meanwhile, for a more moderate but still optimistic outlook, Gemini projected a price range of $10 to $15. This scenario assumes the XRPL captures just 1% to 3% of the stablecoin market, equal to about $20 billion to $60 billion in settlement volume and on-chain liquidity. 

Mid Range XRP Price Prediction Google Gemini
Mid Range XRP Price Prediction | Google Gemini

Gemini added that a move to that range would mark a four- to sixfold jump from XRP’s current price of around $2.4 and push it well past its previous all-time high.

Pundit Says the Upside is Obvious for XRP Holders: Here’s Why

Sam Wisdom Raphael
-
0
Pundit Says the Upside is Obvious for XRP Holders: Here’s Why

An XRP community commentator has suggested that the path to greater heights is obvious for XRP holders, pointing to a growing trend on the XRPL.

This encouraging commentary came from Max Avery, an XRP permabull, on the back of the ongoing price turbulence that has kept the altcoin below the $2.5 threshold. Notably, XRP collapsed to this low region amid the Oct. 10 market-wide crash, and has since continued to struggle in the push to recover.

However, despite this, Avery believes “the upside is obvious” for XRP holders. Essentially, the market commentator suggests that investors holding XRP should be fully confident in the altcoin’s potential to push higher. While there are multiple bullish factors contributing to this, Avery called attention to one in his commentary.

Growing Traction Surrounding Tokenization 

According to the pundit, the growing trend of real-world assets (RWA) tokenization could propel this upward push for XRP. For context, industry leaders such as BlackRock CEO Larry Fink and Robinhood CEO Vlad Tenev have insisted that tokenization is the next big financial breakthrough, and their respective firms are already looking to lock in.

Specifically, in a speech at the latest Token2049 conference, Tenev argued that tokenization would “swallow the entire financial system.” Also, Fink had previously insisted that tokenization could cover every financial asset. BlackRock entered the market last March with the launch of its BUIDL fund. 

Total RWA Onchain RWAxyz
Total RWA Onchain | RWAxyz

While total RWA onchain currently amounts to $33.98 billion, per RWA.xyz, the World Economic Forum predicts a rise to $867 trillion. Interestingly, amid the rising traction surrounding tokenization, multiple sources have suggested that the XRP Ledger could become one of the leaders of the growing sector. For instance, Bitwise said buying XRP is a way to invest in the future of tokenization.

Tokenization on the XRPL Could Boost XRP

It is against this backdrop that Avery insists that XRP’s upside is an obvious phenomenon. Importantly, with the XRPL positioned to accommodate part of the tokenization trend, he explained that each time a new institution decides to leverage the network for issuing or trading tokenized assets, this will contribute to network activity, real-world use, and volume.

According to Avery, Ripple’s focus has been to transform the XRPL into the preferred platform for issuing and moving tokenized funds. Notably, Ripple CTO David Schwartz, who recently confirmed his resignation, revealed two years back that the XRPL was pivoting to RWA tokenization.

Taking all this into account, Avery insisted that the XRP Ledger could become the foundation for the next financial transformation in the future. Importantly, if the ledger assumes this position, it will have a direct impact on the price of XRP, which serves as the gas token for the network.

Interestingly, a September analysis from The Crypto Basic found that XRP could reach $50, and possibly soar to $100, if the XRPL captured a good portion of the tokenization market and the sector itself covers 10% of global GDP in the next five years.

Introduction To Prop Firm Trading: What You Need To Know

Esra Zuhal
-
0
Introduction To Prop Firm Trading: What You Need To Know

The fundamental concept of prop firm trading involves delivering consistent market advantages to the firm which provides funding and risk management systems and then dividing the profits between you. The transition from self-funded to partnered capital operations transforms your business incentives and risk management systems and performance evaluation methods. The main reason retail traders search for top prop trading firms is when they want to grow their trading business without risking their personal capital.

How prop firms actually work (without the fluff)

The majority of established programs share a comparable educational progression. The first assessment evaluates your ability to follow established rules about daily loss limits and total drawdowns and news trading restrictions while achieving a realistic profit target at a safe level of risk. The system will redirect you to a funded account which comes with position restrictions and payout conditions and allows you to boost your purchasing capacity through successful trading activities. From there, your job is to make the routine boring—in the best way. 

What to look for in a firm (the practical checklist)

Before you sign up, confirm the mechanics that will shape your day-to-day. For a neutral baseline on why guardrails matter, skim the CFTC’s trading guidance and then compare firms with this lens:

  • Risk transparency: Daily loss caps, equity-based drawdown, and news rules that are easy to understand and enforce.
  • Payment reality: Payout frequency, minimums, and documentation—speed and clarity beat a flashy headline split.
  • True costs: Commissions, exchange/data fees, and any hidden markups that eat into active strategies.
  • Scaling path: Clear milestones for increased buying power and whether size reductions follow a drawdown.
  • Platform stability: Reliable order routing, fast quotes, and bracket orders that auto-attach stops.
  • Support & learning: Real human support, plus communities that prioritize process over hype.

Rules aren’t red tape—they’re fuel for focus

A company framework protects financial assets but it also protects your mental well-being. Equity-based limits operate as a tracking system which enables users to monitor their current open risk positions accurately. The 3R daily cap serves as a protective system which stops one bad hour from destroying the entire week. Two A-quality attempts in your first hour will outperform ten impulsive stabs almost every time. The process of restriction leads to increased freedom because it generates superior outcomes through minimized substandard decisions and enhanced operational performance at current standards.

Daily routine essentials (simple, on purpose)

You don’t need a complicated strategy; you need one setup you can run on a tired Tuesday. Keep risk fixed per trade (your “1R”) and let the ticket size from the stop distance. Then make your environment enforce it:

  • One-minute preflight: Symbol whitelisted, stop auto-attached, HTF level visible, news window clear, equity alerts armed.
  • Execution rules: Two A-quality attempts in your window; walk away at −3R—no pep talks, no “one more.”
  • After a spike: The next session is a consolidation day (baseline size or −20%; two A-setups max).
  • Journal you’ll keep: Instruments, net in R, worst equity dip, one behavior to repeat/remove, plus two screenshots (cleanest win, costliest mistake).

Evaluations: why good traders still fail

The main focus should be on pursuing the target rather than focusing on the target itself. Most trading breaches occur when traders experience euphoria after a successful day or when they act impulsively during limited market windows. The combination of pre-set templates and alert systems proves more effective than human willpower in this situation. The order ticket should calculate position size automatically while showing your equity balance and set a −2R heads-up alert which will trigger a hard stop at −3R. The system will indicate when to stop trading so you must follow its instructions without exception. The practice of following system signals leads to more traders getting funded than any hidden entry method.

Payouts, splits, and what really matters

An “80%+” split looks great on a banner, but lived experience comes down to operations:

  • Are payouts weekly or bi-weekly? 
  • Are thresholds reasonable? 
  • Do confirmations and bank receipts line up cleanly? 

Predictable cash-flow builds trust—and lowers the cognitive load that often leaks into execution.

Part-time traders can absolutely pass

You need to set aside 60–90 minutes of uninterrupted time that you can dedicate to trading based on London pullbacks, New York momentum and Asia mean-reversion patterns. Create a single trading plan before the bell which states to purchase pullbacks above X and fade price movements below Y. This single sentence should function as a decision-making tool to reject half of your trading impulses. Consistency beats duration.

Mindset is the quiet lever

Fear and euphoria are part of the job; pretending otherwise makes them louder. When nerves creep in, a quick reset grounded in stress science helps: slow your breathing, return to the checklist, and let the next step—not the last outcome—drive the decision. Over time, your routine carries you to tidy red days and steadier green ones.

Bottom line

The trading operation of a prop firm exists as a partnership structure. The firm provides financial backing and organizational structure and regulatory protection to support your small but consistent trading advantage and disciplined approach. Begin with one trading setup and stop size while keeping an eye on equity and performing basic preflight checks to prevent costly errors. Trading evaluation procedures will evolve into automated processes which create a more peaceful and professional trading environment.

Flare Integrates Xaman to Simplify FXRP Minting for XRP Holders

Lele Jima
-
0
Flare Integrates Xaman to Simplify FXRP Minting for XRP Holders

The team behind Flare Network has announced an important integration that allows XRP holders to mint FXRP directly from their Xaman wallets. 

Specifically, Flare integrated the XRPL-based self-custody wallet into the Flare ecosystem today. This is part of a broader effort to expand XRP’s utility into decentralized finance (DeFi). 

Following the integration, users can now deposit XRP directly through Xaman and mint FXRP, the wrapped version of XRP on the Flare blockchain, seamlessly within the wallet’s interface. 

Previously, users had to transfer their XRP from Xaman to an EVM wallet like MetaMask or Ledger before initiating the minting process. With this integration, the Flare team has streamlined the process, allowing users to deposit XRP and mint FXRP through the Xaman wallet. 

More Integration Underway 

Commenting, Flare Network’s Chief Product Officer Filip Koprivec referred to the latest integration as a small first step toward connecting Xaman to Flare. 

He hinted that the team is currently working behind the scenes to enable full cross-chain ability for XRP holders, allowing them to interact freely with other blockchains through Flare. 

Co-founder Hugo Philion also expressed enthusiasm about the integration. He noted that the long-term goal is to eliminate complexity and make it easier for XRP holders to interact with the Flare network. 

He explained that the vision is to enable XRP holders to transact on Flare directly from the XRP Ledger, without doing so through an EVM wallet. Flare’s integration with Xaman represents a pivotal step toward achieving this goal. 

Over $68M in XRP Deposited on Flare 

Notably, the move comes nearly a month after Flare launched the FAsset project, granting XRP holders access to yield-bearing opportunities. At the time, the Flare team set a weekly cap of only 5 million FXRP. 

However, the product saw significant interest, with XRP holders minting the available FXRP supply within hours. Amid growing demand, the team raised the minting cap to 15 million FXRP today. Of this amount, users have already minted over 8 million FXRP within three hours of the announcement. 

Overall, users have deposited 27.83 million XRP, worth $68.21 million, on Flare, which were used to mint FXRP. The Flare-based XRP wrapped version has a circulating supply of 28.5 million tokens.

Users who missed out on minting can obtain the FAsset on Flare’s decentralized exchanges, including SparkDEX and Enosys. 

Trump Family Nets $1B in Profits from Meme Coins and WLFI

Abdulkarim Abdulwahab
-
0
Trump Family Nets $1B in Profits from Meme Coins and WLFI

President Donald Trump and his family have earned over $1 billion from various crypto projects, a recent Financial Times report reveals.

Per the report, leading the way is World Liberty Financial (WLFI), a company founded by Trump’s sons, Eric and Donald Jr., along with close allies.

For most of this year, WLFI sold billions of dollars in tokens and stablecoins, boosting the family’s wealth. In June, Trump reported $57.4 million in proceeds from WLFI. Interestingly, the Trump family’s stake in the company surged to $5 billion after a major token unlock. WLFI is now central to the family’s digital portfolio and plans to launch a crypto-lending app.

Meme Coins Bring in Hundreds of Millions

In addition to WLFI, the Trump family has profited from the volatile world of meme coins. The TRUMP meme coin has earned $362 million, while the MELANIA meme coin has brought in $65 million.

However, these tokens have seen sharp declines. TRUMP is down over 91% from its peak, and MELANIA has dropped more than 99%. Despite these losses, the large volume of transactions and trading fees has kept the meme coin ventures profitable for the family.

USD1 Stablecoin

Meanwhile, among their more stable investments is the USD1 stablecoin, which is pegged to the U.S. dollar. Launched in April, USD1 has grown to become the world’s fifth-largest stablecoin, with a market cap of $2.69 billion. The Trump family has earned $42 million from its sale.

Stablecoins like USD1 offer more stability compared to meme coins, making them a key part of the Trump family’s crypto portfolio.

Trump’s Personal Crypto Portfolio

While the Trump family’s ventures have generally been successful, Donald Trump’s personal crypto portfolio tells a different story. His holdings, which include meme coins, stablecoins, and Ethereum, have mostly underperformed. 

In 2024, his portfolio was worth $26 million, but it’s now down to just over $1.4 million, mostly due to the fall of meme coins.

Still, Trump’s TRUMP token holds some value, with his holdings worth about $62,750. His largest investment, the TROG token, is worth $700,000 at press time.

Trump's personal crypto portfolio
Trump’s personal crypto portfolio | Arkham

Future Plans: Tokenizing Real Estate

Looking to the future, the Trump family is exploring new ways to expand their crypto empire. One possibility is tokenizing real estate. Eric Trump recently suggested they might offer fractional ownership of Trump Organization properties through blockchain-based tokens, allowing investors to buy small stakes in high-profile real estate.

Bitcoin Miners Have Deposited 51,000 BTC to Binance Since October 9: CryptoQuant

Elendu Benedict
-
0
Bitcoin Miners Have Deposited 51,000 BTC to Binance Since October 9: CryptoQuant

Bitcoin miners have moved from HODLers to sellers, and this has historically preceded a radical price and sentiment shift for Bitcoin.

Bitcoin miners ensure that new BTC tokens come into existence. With their role in the Bitcoin ecosystem, they hold a significant amount of the pioneering cryptocurrency in custody.

But when miners begin to sell, history suggests it typically does not end well for the market. According to recent data, these miners may be selling their holdings, evidenced by their activities over the past seven days.

Bitcoin Miners Move BTC to Binance

Recent CryptoQuant data highlighted that miner addresses have moved large amounts of Bitcoin to exchanges. Specifically, they have transferred 51,000 BTC worth over $5.7 billion to the leading centralized exchange, Binance, since October 9.

Notably, a spike in inflows from miners was recorded on October 11, as they deposited over 14,000 BTC to Binance. The massive shift came a day after the famous market crash, where Bitcoin dropped to $104,000, liquidating nearly $20 billion worth of leveraged positions.

Bitcoin Miner Outflows to Exchange
Bitcoin Miner Outflows to Exchange

The outflow was the largest Bitcoin miner move since last July, as the capsize adversely impacted market sentiments, including those of miners. 

Sell-Offs or Just Repositioning?

CryptoQuant highlighted that such movements from miners to exchanges suggest they may be selling their Bitcoin holdings.

“They are essentially moving their coins from wallets designed for storage or mining to platforms where they can be easily sold or hedged,” the firm reported on Thursday.

Nonetheless, there is no guarantee of this. CryptoQuant also mentioned that miners may also be moving their bitcoins to Binance to use as collateral for futures contracts or funding purposes. It could also be asset repositioning or purely operational reasons.

However, it has not augured well with Bitcoin when miners start selling. The report emphasized that the transfer signals a sentiment shift from holding to selling for miners, which has historically pressured the price of Bitcoin.

Notably, if these are sell-offs, history suggests they precede a severe price correction for Bitcoin. This signals that Bitcoin could see lower prices in the coming days unless institutional demand cushions these sales.

Institutional Buy Activity Could Remedy Selling Pressure

Meanwhile, CryptoQuant noted that if institutional and retail investors, through ETFs or on-chain activities, amass sizable amounts of the sold miner stash, Bitcoin may not correct further. Such buying activity would offset the selling pressure that additional supply may have brought.

Remarkably, whales are doing just that. Data shows that whales are buying the dip in Bitcoin price, with a new wallet acquiring $110.6 million worth of BTC from Binance earlier today.

Another newly created wallet also bought 465 BTC ($51.4 million) from FalconX today in a parallel transaction, adding to the buying pressure. With the US Bitcoin spot ETFs also recording inflows, the demand for Bitcoin could continue to withstand bearish tests.

1...477478479...2,633Page 478 of 2,633