Peter Brandt Reveals He Is Long Bitcoin

Bitcoin has once again failed to break decisively above the $82,000 resistance zone.  The cryptocurrency retreated after briefly approaching the level as traders assess whether its recent recovery can extend further.  Despite the bulls inability to overcome stubborn resistance, veteran trader Peter Brandt has disclosed that he remains long on the bellwether cryptocurrency.  Peter Brandt Reveals He Is Long Bitcoin  Discover more  Subscribing To News  Choosing Cloud Hosting  Tracking Market News  XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum  In a recent social media post, Brandt said that he was “also long Bitcoin” while revealing a broader portfolio that includes long positions in KC Wheat, soybeans, corn, meal, New York sugar and the peso, alongside a short position in lean hogs. Brandt added that he currently has an unusually large position in grain markets.  That said, Brandt warned followers that he can exit positions on a days notice.  A major resistance level  Bitcoin is trading at around $79,820 at press time, up 1.3% over the past 24 hours.  The cryptocurrency has traded as high as $81,282 during the session, but it has since pared some of its gains.  The area around $80,000-$82,000 has proven to be a major resistance zone that it is extremely challenging

08-28Industry

Genius Group Rebuilds Bitcoin Strategy With Preferred Stock

TLDRGenius Group plans to rebuild its Bitcoin treasury only months after selling its entire crypto reserve to repay debt.The company targets $1.6 billion in combined Bitcoin and AI treasuries by fiscal year 2031.Genius Group also aims to grow its total company assets to $2 billion by 2031.The company plans to use Perpetual Preferred Securities as its main funding source for future treasury purchases.Genius Group is targeting an initial $12.5 million preferred stock raise under its $1.2 billion SEC-cleared shelf registration.  Genius Group has unveiled a plan to rebuild its Bitcoin holdings months after selling its entire reserve to reduce debt. The NYSE-listed education company wants to create parallel Bitcoin and artificial intelligence treasuries as part of an asset plan.  The company aims to build the two treasuries to a combined value of $1.6 billion by fiscal year 2031. Genius Group also targets company assets of $2 billion over the same period.  Genius Group Returns to Bitcoin Strategy  Genius Group sold its remaining Bitcoin in April to repay $8.5 million in debt. The company made the sale during weaker crypto prices and financial pressure across digital asset treasury firms.  Discover more  Building An Exchange Traded Fund Portfolio  Choosing An Online Brokerage Platform  Selecting An Online Payment Gateway  The company adopted

08-28Industry

XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum

After its explosive August breakout, XRP is still in a much stronger technical position, but the market is currently assessing whether that move can turn into a long-term trend. After briefly rising to about $1.70 during the initial surge, XRP is currently trading at about $1.42. The break above the long-term moving average of $1.35 for XRP is the most significant development.  XRP slows down  For the majority of 2026, this level served as dynamic resistance, so its recovery was structurally significant. Since then, XRP has retreated toward the moving average without falling below it. As a result, the $1.35 region is the line that immediately separates continuation from a deeper correction.  XRP/USDT Chart by TradingView  By holding it, XRP would be able to preserve the breakout structure and solidify its approximately 40% gain from the $1.00 area. The next support cluster, which is located between $1.20 and $1.23 below that, is followed by the shorter moving average, which is located around $1.13.  XRP, Binance Coin (BNB), Hyperliquid (HYPE) and Dogecoin (DOGE) Price Analysis for August 28: Rekindling the Momentum  Ripple Moves to Scrap Key XRPL Amendment  Discover more  Compare Index ETFs  Track Market Trends  FINANCE  The momentum is still high. The RSI recently moved well into overbought territory, and it

08-28Industry

MANTRA Chain is back online, but silent code changes spark developer concerns

MANTRA Chain restored mainnet block production on v8.4.0 six days after a security incident forced a chainwide halt. The promised technical account remains unpublished, leaving the exploitation of the upstream dependency and the activity inside two project-managed wallets unexplained.  Related Asset MANTRA #557 MANTRA · $0.00414 24-hour change: up 0.47% 24H Up 0.47% 7D Down 7.22% 30D Down 23.97%  The official incident timeline says mainnet resumed at approximately 05:30 UTC on Aug. 22. The chain said there was no rollback or state change between the halt and restart, user balances were not altered, and token holders did not need to take action.  The team behind the chain marked the incident resolved on Aug. 24 but again said a postmortem would arrive in the coming days. Its current status page and official announcement channel contained no link to that report when checked on Aug. 27.  MANTRA said its analysis found that the incident affected two MANTRA-managed wallets and that no user, exchange, or partner funds were affected. The public account stops short of identifying the wallet addresses, transaction hashes, amounts, or technical exploit steps.  When the halt was reported on Aug. 21, patch testing was still underway. The networks return resolves that operational question while leaving

08-28Industry

Virtu completes sovereign bond repo in 10 minutes

Virtu Financial, M1X Global and Tradeweb completed an institutional repurchase transaction using a sovereign digital bond on Aug. 27, with the full repo and repurchase cycle settling on the Canton Network in under 10 minutes.  The transaction used USDM1, a dollar-denominated bond issued onchain by the Republic of the Marshall Islands, as collateral. Securities delivery, the cash payment and the return transaction settled atomically on the same network, according to a joint company release.  The companies called it the “first known” repo executed through a major institutional trading venue to combine natively issued sovereign collateral with fully onchain settlement and no prime broker. That designation remains a company claim because no independent industry registry tracks every private blockchain repo.  Virtu and Tradeweb complete the repo without T+1 delays  A repo is a short-term financing transaction in which one party sells securities for cash and agrees to repurchase them later. The securities serve as collateral for the financing.  Virtus transaction followed the structure of a conventional sovereign-collateralized repo. However, the participants moved the bond and cash directly through Canton instead of relying on separate custodial ledgers and traditional T+1 settlement systems.  A full repo cycle in under 10 minutes. A significant milestone for on-chain financial markets.  Tradeweb said

08-28Industry

Bithumb Wins Second Lawsuit Over 620,000 BTC Crediting Error

Bithumb obtained its second victory in court while trying to get funds from the erroneous Bitcoin deposit in their February marketing event.Seoul Central District Court ruled that one of their users should repay around 194 million won for his mistake in selling Bitcoins.  Bithumb wins another case as it seeks payments from wrongly credited Bitcoin users. In an effort to collect money for wrongly credited Bitcoin from users in February 2018, the Seoul Central District Court ordered one of the defendants to pay back 194 million Korean won, roughly $140,513, according to Digital Asset. This is the second largest out of four civil suits Bithumb has filed after the February case.  The biggest one is worth 500 million won which is worth $362,229. Bithumb has won two out of four civil lawsuits against users in February. The whole issue arose when Bithumb mistakenly credited more than 620,000 BTC to hundreds of people during a promotion activity. It was because of the mistake by one of its employees who mistook BTC for Korean won.  The Mistake Was Also Affecting Bithumbs Market  This strange crediting mistake soon started to have an impact on Bithumbs overall market activity, as the BTC/KRW trading pair fell by 15% due

08-28Industry

Jackson Hole focus: Nvidia is more important than the Fed for financial markets

As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidias stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that lifted the Nasdaq 100 by more than 1.4% and the S&P 500 by 0.7%, led by a 3% gain in the tech sector.  World waits for Warsh to speak  The rally could pause on Friday, and futures prices are pointing to some small declines for Nvidia and a 0.3% drop in the Nasdaq 100 later today, as the focus shifts to Jackson Hole and the speech from Kevin Warsh that the whole world is waiting for.  Huangs warning on memory costs  Thursday‘s rally is worth revisiting. Nvidia’s CEO essentially jump-started the AI trade when he said that the company would double its supply commitments to $279bn, primarily due to memory costs. However, the memory chip makers did not benefit from this rally. SanDisk and Micron saw their share prices surprisingly fall on Thursday. This is possibly due to Huangs warning that the AI build out could slow down due to memory costs, which could put pressure on these companies to

08-28Industry

Bitcoin ETFs Extend Inflow Streak to 9 Days With $242M Added

Spot Bitcoin (BTC) exchange-traded funds (ETFs) added $242.30 million in net inflows on Aug. 27. The gain extended their streak to nine consecutive trading days.  Spot Ethereum (ETH) ETFs matched the pace. The category added $235 million on the same day, marking its own ninth straight inflow session.  Bitcoin And Ether Funds Move In Lockstep  The parallel streaks follow a stretch of heavy institutional buying. BlackRock‘s iShares Bitcoin Trust (IBIT) contributed $209 million of a $338 million Bitcoin ETF inflow on Aug. 24. Its Ethereum fund, ETHA, added $90.92 million of that day’s $116 million Ethereum ETF haul.  Sponsored  Sponsored  Bitcoin Spot ETFs See $242 Million in Net Inflows, Extending 9-Day Inflow Streak  On Aug. 27 (ET), U.S. spot Bitcoin ETFs recorded $242 million in net inflows, extending their streak to nine consecutive days. Spot Ethereum ETFs saw $235 million in net inflows, also marking nine…  Bitcoin traded near $80,000 on Thursday, up 2.12% over 24 hours. Ether changed hands near $2,480 over the same period.  Total net assets across spot Bitcoin ETFs stood at $79.16 billion. Trading volume across the category reached $8.23 billion, according to CoinGlass data.  The two categories also posted their biggest combined week since October last week, drawing $2.3 billion between them. That run suggests

08-28Industry

Grayscales Zach Pandl Says Rising U.S. Debt Could Boost BTC, ETH and ZEC

Market NewsAccording to Grayscale Investments Zach Pandl, increased US debt would put a strain on bonds and reduce confidence in fiat currencies.Pandl pointed out that investors would be looking for an alternative means of storing value, which would favor Bitcoin, Ethereum, and Zcash.  The chief research officer of Grayscale Research, Zach Pandl, connected the recent bond repurchases by the US Treasury to increased pressure exerted by the level of government debt. The US Treasury will conduct more open market purchases of long-term notes and bonds prior to their retirement. According to Pandl, the repurchases have the potential to lower the risk-adjusted supply of Treasuries and offer some stimulus to the economy. However, Pandl noted that bond repurchases tackle symptoms rather than solve the underlying fiscal issue of the country. According to Pandl, structural budget deficits and the fast growing debt of the government are issues that should be considered.  US National Debt Exceeds $40 Trillion  On the same day, the Treasury made it clear that the national debt of the United States had exceeded the $40 trillion mark for the first time. Pandl pointed out that it came together with a stock of debt that has been increasing almost continuously from the global

08-28Industry

BitGo Acquires NYDIG Assets as Institutional Strategy Grows

TLDRBitGo completed the acquisition of NYDIGs institutional trading business and related assets on August 27.The deal adds derivatives, structured products, financing, and capital markets services to BitGos platform.Around 30 NYDIG employees and existing institutional client relationships will move to BitGo.BitGo aims to strengthen its regulated platform covering custody, trading, financing, settlement, and digital asset services.NYDIG will now focus on power generation, Bitcoin mining, and high-performance computing data centers.  BitGo has completed the acquisition of NYDIGs institutional trading business and related assets, adding new trading, financing, and derivatives capabilities to its platform. The deal, announced on August 27, also brings about 30 NYDIG employees and their institutional client relationships into BitGo.  The acquisition expands BitGos push to offer more services to professional investors through one regulated platform. The company already provides custody, wallets, staking, settlement, and trading services to institutions across digital asset markets.  BitGo Expands Institutional Markets Platform  BitGo said NYDIG‘s team will add expertise in derivatives, structured products, financing, and capital markets. These services will sit alongside BitGo’s existing custody and trading operations rather than replace current products.  CEO Mike Belshe said institutions increasingly want one partner that can support digital assets from custody and trading through financing and settlement. BitGo expects the acquired

08-28Industry
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