2025 crypto trading and market thread

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Hard to know if this narrative is on target or not. Tether is a huge question mark.
 
searcher said:

Trump administration ends Polymarket investigations without charges​

  • The Justice Department and the Commodity Futures Trading Commission have ended their investigations of online prediction betting site Polymarket without bringing any charges.
  • The conclusion of the probes is the latest example of the Trump administration dropping actions initiated under the Biden administration against crypto companies or online betting markets.
  • The Justice Department and CFTC had been investigating whether Polymarket was accepting bets from people in the United States
Two federal investigations of the online prediction betting site Polymarket have been closed with no charges filed against the cryptocurrency-based marketplace, a person familiar with the matter told CNBC on Tuesday.

More:

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More:

Polymarket Buys Crypto Exchange, Opening Door To US Return | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Not sure if this is a big deal or not likely to move the needle - I have no idea how many Americans actually use Telegram:

 
In their account? In what accounts a checking account? A savings account? This seems like a strange blurring that I'm not too sure about, have to think about it.

Also, BTC what doing?
 

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions​

  • After buying $1.5 billion of bitcoin in 2021, Tesla sold three-quarters of its holdings the next year as the market was tanking.
  • Bitcoin has since rebounded in a big way, jumping about 80% just in the past year, meaning Tesla has lost out on billions of dollars in potential gains.
  • In its earnings report Wednesday, Tesla said its holdings of digital assets rose to $1.24 billion from $722 million a year ago, reflecting bitcoin’s rally.
Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck.

The company’s digital assets are currently valued at $1.24 billion.

That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in missed gains for the electric vehicle maker.

Bitcoin is trading near a record and is up 80% over the past year. Tesla sold 75% of its holdings in mid-2022, when the digital currency was trading at a fraction of its current price.

More:

 
re: post 328 PNC

PNC CEO on partnership with Coinbase: We'll be a wallet for any coin our clients want to use​

Jul 22, 2025
CNBC's Leslie Picker sits down with Bill Demchak, CEO of PNC, to discuss the bank's strategic partnership with Coinbase, how the partnership will be structured, and more.


6:26
 
It's pretty clear to me they are holding Bitcoin down now and trying to rotate it into Ethereum and some alt's. They have to have Bitcoin down by the end of Gamestops quarter (believe its July 31) because that gain/loss will flow to their earnings. They hit BTC hard but rallied Eth back up to unch.
 
BTC whale sold $9B worth of BTC.



nine billion.jpg
 
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In 5 years only Bitcoin treasury companies will be able to handle bloc sales and it will be $500k+.
 

Why you might one day use stablecoins in place of credit cards or bank accounts​

If you’re buying a new laptop or pair of shoes today, you may encounter a host of payment options: a credit or debit card, PayPal, Apple Pay, or buy now, pay later plans.

Soon, you could see another option at checkout: stablecoins.

President Trump recently signed the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, establishing federal regulations for stablecoins. Many observers believe that by establishing clear rules, lawmakers have paved the way for cryptocurrency to go mainstream as a means of payment.

More:

https://www.msn.com/en-us/money/per...or-bank-accounts/ar-AA1JloQX?ocid=socialshare
 
Voodoo said:
...
If anything I'll find some Monero.
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FWIW:
It seems like there's a growing risk of Monero being 51%-attacked soon. What does this mean for Monero and PoW coins in general, including Bitcoin? 🤔🧵

Both absolute and relative security budgets (the amount paid to miners) must be high enough. Bitcoin's absolute daily security budget is $50M per day, while it's only $150k for Monero. Sounds good for Bitcoin? Hold on. When you compare these values to the total asset value (market cap), they become just 0.002% for both!

How does Qubic operate? Not going into deep details, they just pay miners some extra using a pump-and-dump scheme with their own token. Their goal seems to be to attack Monero for marketing reasons? Or just for fun? It really doesn't matter. What matters is, it takes a very small amount of money to attack. You need to pay 51% of the miners, say, a 10% premium (not sure what they pay exactly) to make them switch to an attacking pool. That would be just 0.51 * 0.10 * $150k = $7.65k per day. Well, plus some initial costs. Not that much! I guess even a small short position would cover that (one can short Monero on Kraken).

As for Bitcoin, obviously, the absolute cost of a similar attack will be much higher for two reasons: a higher total security budget and a higher premium that must be paid to miners because of the PoW algo.

Monero's RandomX (ASIC-resistant algo) has its advantages and disadvantages over Bitcoin's SHA-256 (dominated by ASICs). RandomX is more decentralized in nature: ordinary CPUs are needed to mine it. But this has a security downside. If a 51% attack dooms Monero, these CPUs will be usable elsewhere. That can't be said about ASICs: if Bitcoin is doomed, it's a huge loss of capital investment into hardware: you can't use it anywhere else. A 10% bribe won't make ASIC holders happy.

So, Bitcoin can't be attacked by a small entity such as Qubic, but it's plausible to assess that it might be attacked by bigger players (governments) for bigger reasons (definitely not for fun, more like for freezing non-compliant parties). Remember the 0.002% figure? Relatively, Bitcoin has the very same problem, just at a different level.

The solution for Monero? Increased adoption. 0.6 XMR per block might not be enough. There needs to be a stable fee revenue, which currently isn't really large enough with only 30k transactions per day. There are other options such as switching to PoS. But still, the main idea is that a cryptocurrency must be actually used to stay secure.

The solution for Bitcoin? Increase the block size ASAP for the same reason: it needs increased adoption (more on-chain transactions paying fees to miners).

Do you think Monero will get attacked? Let's see what happens.
Click to expand...

 

Bitcoin, ether fall as President Trump modifies tariffs and jobs data disappoints: CNBC Crypto World​

Aug 1, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, major cryptocurrencies slide after President Trump unveiled his modified “reciprocal” tariffs on dozens of countries. Plus, Coinbase launches newly imagined “everything exchange,” which will include tokenized real-world assets, stocks, derivatives, prediction markets and early-stage token sales. And, Leah Wald, CEO of SOL Strategies, discusses the strengthening ties between Wall Street and blockchain technology.


12:44

Chapters

00:00 - CNBC Crypto World, Aug 1, 2025
0:22 - Crypto prices fall
1:20 - The headlines
4:28 - Leah Wald of SOL Strategies
 
Gamestop's quarter end was Sat Aug 2 and likely saw a bit of a BTC low there. They do have like 4100 BTC now so that price will be used and flow through to their earnings P&L coming up.
 
^^
The bear case is that by stitching Bitcoin so tightly into our financial infrastructure, we’re effectively creating an Achilles’ heel. If the protocol fails — whether through technical failure, regulatory choke-off, or security breach — it could spark a systemic liquidity crisis. And because Bitcoin is now widely held by institutions, pensions, and retail investors alike, the contagion wouldn’t stay in the crypto corner; it would ripple out into the broader economy.
Click to expand...

I have been saying for quite some time that Bitcoin, as it is currently structured, will eventually suffer a network failure as the security model fails (as mining becomes unprofitable). This is a structural flaw in Bitcoin, not the greater crypto ecosystem. When Bitcoin does fail, it's going to bring a lot of pain to a lot of actors.
 
Ethereum has been on a good run lately, but caveat emptor...

 

Citibank considers expanding crypto services to asset custody, stablecoins: CNBC Crypto World​

Aug 15, 2025 #CNBC #CNBCTV #Crypto
On today's episode of CNBC Crypto World, bitcoin slips to the $117,000 level while ether falls below $4,500. Plus, Citibank says it's exploring more crypto services for clients. And, David Puell of ARK Invest discusses what's ahead for crypto prices.


12:06

Chapters
00:00 - CNBC Crypto World, Aug 15, 2025
0:23 - Crypto moves lower
1:02 - The headlines
4:23 - David Puell of ARK Invest
 

SEC unveils MAJOR crypto initiative​

Aug 15, 2025 #foxbusiness #news #economy
SEC Chairman Paul Atkins discusses the Trump administration’s actions on cryptocurrency regulation and more on ‘Mornings with Maria.’


11:21
 

US Treasury open to enforcing digital ID verification in DeFi​

The United States Department of the Treasury is looking into the possibility of deploying a digital identity to curb illicit financial activities in the decentralized finance (DeFi) sector. The US Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used in its fight against crime.

According to its document, the Treasury noted that one of its options will be to embed identity checks into DeFi smart contracts.

The recently published consultation comes from the newly passed Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which was signed into law in July. The Act, which spells out a regulatory framework for payment stablecoin issuers, directs the Treasury to look into new compliance technologies, including programming interface (APIs), artificial intelligence, digital identity verification, and blockchain monitoring.

More:

https://www.msn.com/en-us/money/sav...fication-in-defi/ar-AA1KG2eV?ocid=socialshare
 
I submitted a comment ( tracking # mei-ctf9-y78l ):
"...
Most central banks publish press releases and papers on their CBDC projects. They are working hard to develop systems that do the same thing that existing crypto systems are doing. The big difference though is that CBDC systems are closed systems (wallet creation is tightly controlled) designed for centralized control whereas cryptos are open systems (wallet creation is free and available to anyone) designed for decentralized control (with democratic systems for governance of network development and management).

Centralized control means that the central bank controls the creation and ownership of wallets. For wholesale CBDCs (aka wCBDC), this means the central bank controls the dissemination of wallets to participating banks. For retail CBDCs (aka rCBDC), they control the dissemination of wallets to the general public. That's a huge task and in order to do it, governments are preparing to roll out digital IDs that will be integrated with CBDC wallets.

In addition to the opportunity for total financial surveillance, CBDCs can be smart technologies. They can be programmed to reject transactions with specific wallets. The central bank can shut off access to anyone, anywhere, any time. That's total financial control. If you think operation choke point or algorithmic debanking are odious today, just imagine how central bank owned AI systems in the future will decide if you are allowed to buy a loaf of bread. Better keep your social credit in the green comrade!
...
A common denominator in the war on crypto and the war on cash is the cry and focus on anti-money laundering efforts. Money laundering - whether supporting drug cartels or terrorists - is the rallying cry used to justify attacks on financial privacy. It's the fulcrum over which the balance of financial privacy/liberty and surveillance/control are being decided/justified.
..."

.. https://www.pmbug.com/threads/cbdcs-tofo-tools-of-financial-oppression.7022/

"...
It is with the development of digital money systems that a seventh characteristic for money becomes apparent:

Money should be free of counterparty entanglement

Where digital money systems require even the most basic transactions to involve third parties for payment clearance, there is no guarantee that money will fulfill it's function as a medium of exchange.
...
There are tidal forces at work to deter the use of cash. As mentioned previously, the drift towards a cashless society encompasses consumers willingly choosing to use electronic payment systems, banks/atms restricting or hampering access to cash and anti-money laundering laws/rules discouraging cash businesses.

The latter prong is particularly troubling as it is the lynchpin justification for both algorithmic debanking and the war on crypto. It's the fulcrum over which the seesaw of financial freedom teeters between security and liberty irrespective of the medium of money.
..."

.. https://www.pmbug.com/threads/the-seventh-characteristic-of-money.6960/

America is supposed to be the land of the free. We do not need Draconian financial surveillance and control rivaling China. The WEF can stick Agenda 2030 where the sun doesn't shine.

President Trump has declared that he wants to make America the crypto capital of the world. Any effort to impose a digital ID on the crypto industry will only serve to drive crypto innovation away from the USA.
Click to expand...
 

Crypto stocks tumble on Tuesday as investors go into risk-off mode​

Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market.

Among crypto exchanges, Coinbase and eToro fell more than 5% each, while Robinhood and Bullish both dropped more than 6%. Crypto financial services firm Galaxy Digital dropped 11%. In the burgeoning sector of crypto treasury firms, Strategy lost 7%, SharpLink Gaming slid 8%, Bitmine Immersion slumped 12% and DeFi Development tumbled 15%. Stablecoin issuer Circle lost 5%.

More:

 

Overreaching banks are locking millions out of the crypto market​

UK investors are embracing crypto, with the country ranking among the highest globally for adoption and awareness of digital assets. Yet instead of supporting this momentum, many UK banks are standing in the way of change – adopting blanket bans on payments to crypto providers that frustrate customers, create unnecessary hurdles and directly undermine the UK’s long-standing ambition to become a global hub for digital assets. It’s a serious overreach that must stop.

More:

https://www.msn.com/en-us/money/oth...he-crypto-market/ar-AA1KZQCj?ocid=socialshare
 

Bitcoin, ether jump after Fed’s Powell signals conditions ‘may warrant’ rate cuts: CNBC Crypto World​

Aug 22, 2025 #CNBC #CNBCTV
On today’s episode of CNBC Crypto World, crypto prices and stocks rise after Fed Chair Jerome Powell signaled a possible rate cut ahead during a speech in Jackson Hole, Wyoming. Plus, speaking at the Wyoming Blockchain Symposium, Jonathan Jachym, global head of government affairs and policy at Kraken, discusses regulatory advancements for crypto around the world and the impact on the crypto exchange.


13:30

Chapters:
00:00 - CNBC Crypto World, Aug 22, 2025
0:29 - Bitcoin rises
1:12 - The headlines
4:15 - Kraken’s Jonathan Jachym
 
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