Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.
The bidding war for the Hyperliquid USD stablecoin (USDH), and proposals from several firms promising to give 100% of the yield back to Hyperliquid, revealed that the stablecoin sector has become “commoditized,” Mumtaz said.
Mumtaz added that he expects many companies to issue their own stablecoins and many existing stablecoin issuers to start their own payment chains in the future, which may create liquidity fragmentation, keeping capital trapped within those ecosystems.
The number of US dollar stablecoin issuers continues to grow. Source: RWA.XYZ
He said that the most optimal solution to get ahead of this liquidity problem is for exchanges to simply accept all stablecoins and convert them to the desired denomination on the backend without the user seeing what is going on. Mumtaz wrote:
“The eventual endgame is that you don’t see the ticker at all. The apps will just display ‘USD’ instead of USDC, USDT, or USDX, and they will swap everything in the backend via a standardized interface.”
Stablecoins are likely to emerge as the de facto standard for fiat currencies in the digital age as the global financial system moves onchain and adopts internet-native systems, further eroding the need to denominate stablecoins from different issuers for end users.
Artificial intelligence to increase stablecoin abstraction
Reeve Collins, co-founder of stablecoin firm Tether and blockchain neo-bank WeFi, also told Cointelegraph that he expects the number of stablecoins to proliferate in the coming years, which will be abstracted through AI agents managing portfolios on behalf of users.
Collins said the next generation of stablecoin products, which includes yield-bearing tokens, will be automatically managed through agentic AI, removing “all of the complexity” of dealing with a multitude of different tokens, lowering technical hurdles for the end user.
“The only thing that will drive which token to use is which one makes you the most money, which one is the easiest to use,” Collins added.
Spot Bitcoin and Ether ETFs are seeing renewed inflows as institutional appetite for crypto exposure continues to build.
On Friday, spot Bitcoin (BTC) ETFs recorded $642.35 million in net inflows, marking the fifth straight day of gains, according to data from SoSoValue. This pushed cumulative net inflows to $56.83 billion, with total net assets now standing at $153.18 billion, roughly 6.62% of Bitcoin’s total market cap.
Fidelity’s FBTC led the day with $315.18 million in fresh capital, while BlackRock’s IBIT followed with $264.71 million. Trading volumes across all spot Bitcoin ETFs topped $3.89 billion, signaling robust activity and growing institutional positioning. Market leaders like IBIT and FBTC posted daily gains of over 2%.
The uptick comes after a quieter start to the month, suggesting a shift in sentiment as macroeconomic conditions stabilize and the crypto market shows signs of strength. In total, Bitcoin spot ETFs saw $2.34 billion in cumulative net inflows over the past five days.
Spot Ether (ETH) ETFs mirrored the bullish momentum, pulling in $405.55 million in daily net inflows on the same day, their fourth consecutive day of gains. Total Ether ETF inflows have now reached $13.36 billion, with net assets at $30.35 billion.
On Friday, BlackRock’s ETHA brought in $165.56 million, while Fidelity’s FETH was close behind at $168.23 million. ETHA alone saw $1.86 billion in value traded on the day, reflecting rising activity in Ethereum-based products.
“Bitcoin and Ethereum spot ETFs keep seeing strong inflows, showing rising institutional confidence,” Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph.
“If macro conditions hold, this surge could strengthen liquidity and drive momentum for both assets,” Liu added.
BlackRock is reportedly exploring the tokenization of ETFs on blockchain networks, following the success of its spot Bitcoin ETFs. The asset management giant is particularly interested in tokenizing funds tied to real-world assets (RWA), though regulatory challenges remain a key hurdle.
Tokenized ETFs could offer new functionality such as 24/7 trading and integration into decentralized finance (DeFi) ecosystems.
In the interview notes of journalist Faye Xiaofei, Professor Han Feng, in an age of global upheaval, raised his gaze to the stars to discern the tides of history and lowered his eyes to the data to parse their logic, pursuing a question that cuts to the root of civilization itself: When the old gravitational anchors collapse, where should humanity’s wealth be moored?
Faye’s Lens on the Future
Faye noted in her journal:
When the real estate model reached its physical limits, and when the credit anchor of the U.S. dollar failed, humanity needed a new “ark of value.” Professor Han Feng’s answer was clear: Bitcoin—the “quantum gold” of the digital age.
3. Hard Currency of the Information Age: A New Form of Reality
The global debt crisis looms like an approaching gravitational singularity from which no escape is possible. Whether in America, dependent on financial derivatives, or in China, reliant on land-backed credit, no civilization can escape its pull.
When the old logic of credit expansion exhausts itself, central banks respond instinctively with quantitative easing—printing money, devaluing currency, like injecting fuel into a collapsing star in hopes of staving off death. The Federal Reserve’s resort to this remedy in 2008 temporarily forestalled systemic collapse.
But Ray Dalio warns: when a centennial-scale “total debt crisis” arrives, this drug will fail. Debt has swollen to dimensions beyond the diluting power of any central bank. When even devaluation cannot resolve it, history shows what follows: irreconcilable social divisions, the rise of populism, and ultimately—civil wars or wars between civilizations.
The world we see today steps inexorably toward this grim prophecy.
How can such a crisis be resolved? The last cycle offered a clue: hard currency. After World War II, it was the dollar, anchored to gold, that rebuilt credit on the ruins of the globe.
So, in the 21st century—what can we rely on?
Real estate? It has proven an introverted remedy, generating prosperity in one region while eroding the system’s long-term vitality.
Gold? Its physical form makes it unfit for the high-velocity, bit-based digital economy. Too slow, too cumbersome. More importantly, gold is made of atoms, while humanity is entering a universe built on information.
U.S. capital markets? Wall Street, with its innovation-fueled giants like Apple, Nvidia, and Tesla, does inject value into the dollar. But the system remains centralized, dominated by one civilization, and cannot serve as a truly neutral, globally accepted solution.
Then, in 2009, on the eve of the old system’s collapse, a mysterious figure named Satoshi Nakamoto released a piece of open-source code. Without declarations, without an organization, he presented to humanity a radically new possibility: a new form of hard currency—Bitcoin.
Bitcoin: Gold Ascending into the Information Dimension
Bitcoin was designed on the logic of gold, but crafted for the digital age—a genesis of wealth consensus. It is not a mechanical imitation of gold but its ascension into the informational dimension.
Energy anchoring. Bitcoin mining consumes immense, precisely measurable energy (electricity). This mimics the physical cost of gold extraction—through massive entropy increase (computational heat dissipation), it produces a low-entropy certainty in the information world: the block. Thus, a measurable physical basis underpins this new global wealth consensus.
Absolute scarcity. Its total supply is algorithmically capped at 21 million units—an immutable constant of the universe, echoing gold’s scarcity.
Informational stability. As a pure digital form, Bitcoin cannot corrode or degrade, and can be infinitely divisible.
Decentralization. It has no central authority. Its existence rests on the impartial law of computation. Fully open-source, its transparent rules are the prerequisite for global consensus. It is destined to be the preferred value medium of future AI economies—for AI trusts only mathematics and computation, not promises.
Digital property rights. Most importantly, through private-key signatures, Bitcoin created for the first time in the digital realm a form of property that is clear, tamper-proof, and requires no third-party trust.
This was like the issuance of China’s first property deed in 1998: a Big Bang singularity for a new epoch.
Many ask Han Feng why he believes Bitcoin’s value will grow by orders of magnitude in the future. His answer is simple: the next wave of globalization, and the economy of AI agents, will require a value anchor belonging not to any human authority, but solely to mathematics and computation.
Faye’s Observations
In her annotations, Faye wrote:
Bitcoin’s “absolute scarcity” and “digital property rights” are the very consensus of gold transposed into the informational cosmos.
If China’s property deed was its domestic Big Bang singularity, then Bitcoin’s “genesis block” was humanity’s global singular moment.
Suspense
At the end of this chapter, Faye left a haunting question:
As “quantum gold” rises, how will the old power-holders respond? Why did Donald Trump reverse his stance by 180 degrees? And what force could pull Bitcoin from the margins to the very core?
Preview | Episode 4: Paradigm Shift — A Power Holder of the Old World Turns.
Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents.
“We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson for Kalshi told Cointelegraph on Friday.
“Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added.
Kalshi is prepared to fight amid other legal challenges
The civil lawsuit, filed on Friday by the Commonwealth of Massachusetts in Suffolk County Superior Court, alleged that Kalshi disguises sports wagering as “event contracts” and violates the state’s strict gambling laws.
“Kalshi is violating the Commonwealth’s strict sports wagering laws and regulations by offering unlicensed sports wagering to Massachusetts residents,” the filing stated.
It further claimed that as of May 2025, more than three-quarters of Kalshi’s trading volume comes from sports — a larger share, the filing said, than industry giants DraftKings or FanDuel.
However, the Kalshi spokesperson said that Massachusetts’s regulators chose legal action over directly resolving the matter:
“Rather than engage in dialogue with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by relying on outdated laws and ideas.”
Kalshi argues that it is regulated by the CFTC
Kalshi has previously argued that the Commodity Futures Trading Commission (CFTC) regulates it at the federal level and does not fall under state gambling jurisdiction.
It has received cease-and-desist orders from other states, including Arizona, Montana, Ohio, and Illinois.
Citing sources familiar with the conversation, Business Insider reported on Friday that Polymarket is exploring re-entering the US while seeking new funding that could more than triple its June valuation of $1 billion. One investor valued the company at up to $10 billion.
It comes just days after Polymarket CEO Shayne Coplan said in an X post on Sept. 4 that “Polymarket has been given the green light to go live in the USA by the CFTC.”
Today in crypto, a crypto researcher has high hopes the US government will still form the Strategic Bitcoin Reserve this year, Gemini shares soared on Nasdaq in their first day of trading. Meanwhile newly discovered malware called ModStealer is targeting crypto users across multiple operating systems.
‘Strong chance’ US will form Strategic Bitcoin Reserve this year: Alex Thorn
There is a high likelihood that the United States government will form the highly anticipated Strategic Bitcoin Reserve by the end of this year, says Galaxy Digital’s head of firmwide research, Alex Thorn.
However, other industry executives are less confident.
“I still think there’s a strong chance the US government will announce this year that it has formed the strategic Bitcoin reserve (SBR) and is formally holding BTC as a strategic asset,” Thorn said in an X post on Thursday.
“Market seems to be completely underpricing the likelihood of such an announcement,” Thorn added.
While US President Trump signed the executive order officially establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile in March, a formalized strategic plan has not been confirmed yet.
Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities.
Gemini shares briefly topped $40 on Friday, according to Yahoo Finance data, before retreating later in the session. By the afternoon, Gemini was trading near $35 a share, up 24% on the day, for a market cap of around $1.3 billion.
The company priced its initial public offering at $28 per share late Thursday — well above its initial target range of $17 to $19, and even higher than the upwardly revised $24 to $26 range.
According to CNBC, Gemini capped its offering at 15.2 million shares, raising $425 million and signaling heightened investor demand.
The exchange moved swiftly from filing its Form S-1 with the US Securities and Exchange Commission to debuting on the Nasdaq. As Cointelegraph reported, Gemini submitted its IPO registration on Sept. 2 and began trading 10 days later.
New ModStealer malware targets crypto wallets across operating systems
A newly-discovered malware called ModStealer is targeting crypto users across macOS, Windows and Linux systems, posing risks to wallets and access credentials.
Apple-focused security firm Mosyle uncovered the malware, saying it remained completely undetected by major antivirus engines for almost a month after being uploaded to VirusTotal, an online platform that analyzes files to detect malicious content, 9to5mac reported.
Mosyle said ModStealer is designed to extract data, with pre-loaded code that steals private keys, certificates, credential files and browser-based wallet extensions. The security researchers found targeting logic for different wallets, including extensions on Safari and Chromium-based browsers.
The security firm said the malware persists on macOS by abusing the system to register as a background agent. The team said the server is hosted in Finland but believes the infrastructure is routed through Germany to mask the operators’ origin.
The malware is reportedly being distributed through fake job recruitment ads, a tactic that has been increasingly used to target Web3 developers and builders.
Strong Bitcoin miner and corporate BTC accumulation fuel speculation on BTC price surpassing $140,000.
Investors’ rising inflation expectations and weakening consumer sentiment could prevent BTC from hitting new highs.
Bitcoin (BTC) climbed above $116,000 on Friday, fueled by a fresh S&P 500 all-time high and growing expectations of a more accommodative monetary stance from the United States Federal Reserve. Bitcoin bulls are drawing confidence as miners’ accumulation patterns flash a signal similar to one that preceded a 48% price rally in 2023.
BTC miners’ five-day average net transfer volume, BTC. Source: Glassnode
Data from GlassNode shows miners’ wallets added positions for the third straight week, with net inflows peaking at 573 BTC per day on Tuesday — the highest level since late October 2023. That strong accumulation last year preceded a 48% surge by early December, prompting traders to ask whether a run toward $150,000 could unfold again.
Bitcoin/USD, late 2023. Source: TradingView / Cointelegraph
Optimism also stems from robust inflows into Bitcoin spot exchange-traded funds (ETFs) and continued corporate purchases from companies including Strategy (MSTR), Metaplanet (MTPLF) and Cango Inc. (CANG). BitcoinTreasuries.NET data shows reserves held by the top-100 public companies surpassed 1 million BTC for the first time in September.
Miners and companies keep accumulating Bitcoin amid growth concerns
Despite missing potential inclusion in the S&P 500 index, Michael Saylor’s Strategy disclosed an additional $220 million Bitcoin purchase in a United States Securities and Exchange Commission filing on Monday. The firm’s $95 billion market capitalization now places it among the 115 largest listed companies in the US, ahead of Moody’s Corp, General Dynamics and Dell Technologies.
Spot Bitcoin ETFs daily net flows, USD. Source: CoinGlass
US-listed spot Bitcoin ETFs added $1.3 billion in inflows between Wednesday and Thursday, pushing total assets under management to $148 billion. iShares Bitcoin Trust (IBIT) remains the clear leader with $87.5 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) at $23 billion and Grayscale Bitcoin Trust (GBTC) at $20.6 billion.
For context, gold ETFs are the largest tradable asset class and hold $431 billion, while the broader gold market is valued at $24.7 trillion, according to World Gold Council data. Even excluding the nearly 50% of gold demand tied to jewelry, Bitcoin’s ETF industry reflects deeper penetration relative to its $2.3 trillion market capitalization, despite being launched only in 2024.
Still, Bitcoin’s path toward $140,000 is far from guaranteed, even as traders price in 75% odds of US interest rates falling to 3.5% or lower by the end of 2025. The University of Michigan’s consumer sentiment survey on Friday showed confidence declined more than expected in September, while long-run inflation expectations climbed to 3.9% amid concerns over tariff impacts.
Miners’ and companies’ continued Bitcoin accumulation sets a bullish tone, but fears of slowing economic growth could lead traders to approach the coming weeks with more caution.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Bitcoin’s recovery remains on track, backed by solid demand from the spot Bitcoin ETF buyers.
BNB, HYPE, and SOL are leading the altcoin charge higher, signaling solid buying by the bulls.
Bitcoin (BTC) rose to $116,495 on Friday, and the relief rally is backed by solid buying in the spot BTC exchange-traded funds (ETFs), which witnessed $1.7 billion in net inflows this week, according to data from SoSoValue.
Crypto trader and analyst Matthew Hyland spotted the most extreme level of tightness on the Bollinger Bands on the monthly time frame. Separately, popular analyst Crypto Ceasar said in a post on X that similar tightness previously led to heavy upside volatility and “BTC could be in for a spicy Q4.”
However, not everyone is bullish on BTC in the near term. CryptoQuant analyst JA Maartun said in a post on X that BTC’s momentum was cooling as “8 out of 10 signals in the CryptoQuant Bull Score Index” were flashing bearish for BTC.
What are the crucial support and resistance levels to watch out for in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC broke above the $113,500 resistance on Wednesday and extended the recovery above the 50-day simple moving average (SMA) ($114,544) on Thursday.
There is resistance at $117,500, but if the buyers overcome it, the BTC/USDT pair could soar to $120,000 and eventually to $124,474. Sellers will try to halt the up move at $124,474 because a break above it could start the next leg of the uptrend to $141,948.
The bears will have to pull the Bitcoin price back below the 20-day exponential moving average (EMA) ($112,622) to weaken the bullish momentum. The pair may then collapse to $107,000, where the buyers are expected to step in.
Ether price prediction
Ether (ETH) narrow range trading resolved to the upside on Friday, indicating that the bulls have overpowered the bears.
The bulls will try to challenge the $4,957 level, where they are expected to face significant selling from the bears. If the price turns down from $4,957 but rebounds off $4,500, it improves the prospects of an upside breakout. The ETH/USDT pair could then surge toward $5,500.
Conversely, if the pair turns down and breaks below $4,250, it suggests that the bears are selling on every minor rally. The Ether price could then drop to $4,060 and subsequently to $3,500.
XRP price prediction
The bulls pushed XRP (XRP) above the downtrend line on Thursday but are struggling to build on the breakout.
If the price turns down and breaks below the 20-day EMA ($2.93), it suggests the breakout may have been a bull trap. The bears will then try to pull the XRP/USDT pair to the solid support at $2.73.
Instead, if the price turns up from the 20-day EMA and breaks above $3.15, it signals a change in sentiment from selling on rallies to buying on dips. The XRP price could then rally to $3.40.
BNB price prediction
BNB (BNB) hit a new all-time high on Friday, indicating that the bulls are trying to build upon their advantage.
If buyers maintain the price above $900, the BNB/USDT pair could rally to the psychological level of $1,000. Sellers are expected to vigorously defend the $1,000 level, but if buyers defend the 20-day EMA ($868) on the way down, it signals a positive sentiment. The BNB price may then resume the uptrend to $1,090.
This optimistic view will be negated in the near term if the pair turns down and plummets below the 20-day EMA. The price may then tumble to the 50-day SMA ($834).
Solana price prediction
Solana (SOL) picked up momentum after breaking above the $218 resistance and is marching toward the $260 level.
Sellers are likely to pose a strong challenge in the $240 to $260 overhead resistance zone. If the price turns down from the overhead zone, the bulls will try to arrest the pullback at the 20-day EMA ($209). If they manage to do that, the likelihood of a break above $260 increases. The SOL/USDT pair could then surge to $295.
The first sign of weakness will be a close below the 20-day EMA. That suggests profit booking by short-term traders. The Solana price may then slump to the uptrend line.
Dogecoin price prediction
Buyers are attempting to sustain Dogecoin (DOGE) above the $0.26 resistance, indicating strength.
The DOGE/USDT pair may climb to the $0.29 overhead resistance, which is a critical level for the bears to defend. If buyers drive the price above $0.29, the pair could start a new up move toward $0.44.
Contrary to this assumption, if the Dogecoin price turns down sharply from the overhead resistance, it suggests that the pair could remain range-bound between $0.29 and $0.14 for a few more days.
Cardano price prediction
Cardano (ADA) closed above the downtrend line of the descending channel pattern on Wednesday, but the bears are unlikely to give up easily.
Sellers will try to pull the price back below the moving averages. If they manage to do that, several aggressive bulls may get trapped, pulling the ADA/USDT pair to the support line.
On the other hand, if the Cardano price rebounds off the 20-day EMA ($0.85), it suggests that the bulls are in control. Buyers will try to push the pair to $0.96 and then to $1.02, where the bears are expected to step in.
The 20-day EMA ($23.36) is the crucial support to watch out for on the downside. If buyers maintain the price above the 20-day EMA, the LINK/USDT pair could rally to the $26 to $28 overhead resistance zone.
Contrarily, a break and close below the 20-day EMA suggests a lack of demand at higher levels. The Chainlink price could slump to the 50-day SMA ($21.84) and later to the uptrend line.
Hyperliquid price prediction
Hyperliquid (HYPE) continued its march higher after breaking above the $49.88 resistance, indicating sustained demand from the bulls.
The rally had pushed the RSI into the overbought territory, increasing the risk of a pullback toward the breakout level of $49.88. If the price rebounds off the $49.88 level with force, it suggests that the bulls remain in charge. The HYPE/USDT pair could then attempt a rally to the pattern target of $64.25.
Sellers are likely to have other plans. They will strive to pull the price below the 50-day SMA ($44.68), signaling a short-term top.
Sui price prediction
Sui (SUI) is nearing the downtrend line, where the sellers are likely to mount a strong defense.
If the price turns down from the downtrend line but bounces off the 20-day EMA ($3.48), it signals a positive sentiment. That increases the likelihood of a break above the downtrend line. If that happens, the bearish setup will be invalidated, and the SUI/USDT pair could rally to $4.18.
Sellers will have to pull the Sui price below the 20-day EMA to retain the pair inside the triangle. The bears will gain the upper hand if they sink the price below $3.11.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Michael Saylor transformed MicroStrategy from a business intelligence firm into the world’s largest corporate Bitcoin holder.
Saylor’s conviction redefined corporate strategy, turning volatility into opportunity through long-term, dollar-cost averaging purchases.
His approach set the standard for institutional Bitcoin adoption despite concerns over dilution and debt.
Saylor’s playbook highlights research, perseverance, risk control and long-term thinking in Bitcoin investing.
Saylor’s Bitcoin awakening
In August 2020, Michael Saylor transformed from a technology executive into a symbol of corporate crypto adoption.
Saylor, long known as the co-founder and head of enterprise-software firm Strategy (previously MicroStrategy), made his first bold move into cryptocurrencies by allocating $250 million of the company’s cash to purchase Bitcoin (BTC).
He cited a weakening dollar and long-term inflation risks as the underlying reasons behind this strategic move. Incidentally, it marked the largest acquisition of Bitcoin by a publicly traded company at that time and set a new precedent.
Within months, Strategy expanded its holdings: $175 million more in September, $50 million in December and a $650-million convertible-note issuance, bringing Bitcoin holdings over $1 billion.
He recognized Bitcoin as “capital preservation,” comparing it to “Manhattan in cyberspace,” a scarce, indestructible asset.
The move drew both praise and criticism. Skeptics called it reckless, while supporters saw it as a bold innovation at a time when few dared to put Bitcoin on a company’s balance sheet. For Saylor, though, it wasn’t a gamble. It was a calculated hedge against monetary uncertainty and a signal that digital assets would reshape capital strategy.
Did you know? In 2013, Saylor tweeted that Bitcoin’s days were numbered, predicting it would “go the way of online gambling.” That post resurfaced in 2020, right as he pivoted Strategy into the biggest Bitcoin holder among public companies. He has since referred to it as the “most costly tweet in history.”
Saylor’s Bitcoin expansion
From that initial entry point, Saylor doubled and tripled down on his belief in Bitcoin. He applied structured finance tools to scale holdings and shape Strategy into a “Bitcoin treasury company.”
It all started during the July 2020 earnings calls when Saylor announced his plan to explore alternative assets, such as Bitcoin and gold, instead of holding cash. He put the plan into motion with quarterly Bitcoin buys that rapidly scaled holdings to tens of thousands of coins at a favorable cost basis.
By early 2021, Saylor had borrowed over $2 billion to expand his Bitcoin position, an aggressive posture powered by conviction, not speculation. He articulated a vision of long-term ownership by saying that Strategy will hold its Bitcoin investment for at least 100 years.
Despite Bitcoin’s extreme volatility, soaring to $64,000 from $11,000 in 2021 and then plunging to near $16,000 by the end of 2022, Saylor remained unwavering. In support of the claim that Bitcoin is the apex of monetary structure, his team used dollar-cost averaging to take advantage of price dips to increase holdings.
Saylor’s strategy worked: His company’s stock surged, often outperforming Bitcoin itself. By late 2024, Strategy’s stock had gained multiples of S&P 500 returns, and the business became viewed less as a software firm and more as a leveraged crypto proxy.
Saylor’s Bitcoin financing
Saylor’s obsession evolved from a bold entry to dominating corporate demand for Bitcoin, shifting market dynamics through sheer scale. By early 2025, Strategy held over 2% of Bitcoin’s total fixed supply, roughly half a million BTC.
Year-to-date, Strategy acquired more than 150,000 BTC at average prices near $94,000, putting its holdings’ market value above $50 billion.
These massive allocations exert structural pressure on Bitcoin’s finite supply, and corporations now compete for scarce coins. Saylor set a benchmark that other firms began to follow. In the first five months of 2025 alone, institutional and corporate Bitcoin purchases surpassed $25 billion.
This scale shifted Strategy’s identity: Software revenue was dwarfed by Bitcoin’s impact on valuation. The equity-raising strategy, issuing stock and debt to fund purchases, was scrutinized as a recursion: If Bitcoin fell, debt could strain the company; if stock was diluted too much, investor confidence could wane.
In June 2025, Strategy added 10,100 BTC via a $1.05-billion purchase, having spent nearly $42 billion on Bitcoin overall. The company’s model was now replicable, but not without increasing systemic risk.
Saylor’s transformation from tech CEO to crypto-treasury architect made him a polarizing figure and inspired imitators. His aggressive playbook reframed not just Strategy’s valuation but the broader institutional adoption narrative.
Did you know? Saylor disclosed that prior to converting company assets into Bitcoin, he had used his own funds to buy 17,732 BTC, which at the time was valued at almost $175 million. This gave him enough conviction to push for Strategy’s corporate allocation.
What’s next for Saylor and Bitcoin?
Saylor has shown no signs of slowing down. Strategy continues to double down on Bitcoin, even financing new purchases through convertible debt and other creative instruments. With halving cycles tightening supply and institutional interest accelerating, Saylor positions Bitcoin not just as a store of value but as a corporate treasury standard.
Looking ahead, the main questions are whether more businesses will follow Strategy’s example, how corporate adoption will be influenced by regulatory frameworks and whether Bitcoin’s function will be limited to balance sheets or extend to other areas of the financial system. If Saylor’s theory is correct, he might not only be known as a bold CEO but also as one of the key players who revolutionized business financing in relation to Bitcoin.
What can you learn from Saylor’s Bitcoin obsession?
Saylor’s journey is unique, but there are practical lessons anyone exploring Bitcoin can take from his approach:
Do your research before committing: Before making an investment, Saylor studied the fundamentals of Bitcoin for months. For novices, this means avoiding hype and beginning with reputable sources, white papers and competent analysis.
Think long term: Saylor has no intention of making a quick profit. For individuals, this translates into only investing what you can hold through volatility rather than trying to time the market.
Risk management matters: Strategy took a hazardous but audacious step by borrowing money to purchase Bitcoin. Retail investors ought to exercise greater caution, refrain from taking on excessive debt and maintain cryptocurrency as a portion of a larger portfolio.
Have conviction, but stay flexible: Throughout the years, Saylor methodically planned his purchases, but he also doubled down on Bitcoin even during downturns. For beginners, dollar-cost averaging may become a useful strategy.
Separate personal belief from company strategy: Not everyone has a corporation to back Bitcoin bets. Saylor blended personal holdings and Strategy’s treasury. For individuals, it’s better to clearly separate personal savings from speculative investments.
Even if you don’t have Saylor’s fortune, you can still use some of his strategies to better navigate Bitcoin, such as doing your own research and being patient and disciplined.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
A newly-discovered malware called ModStealer is targeting crypto users across macOS, Windows and Linux systems, posing risks to wallets and access credentials.
Apple-focused security firm Mosyle uncovered the malware, saying it remained completely undetected by major antivirus engines for almost a month after being uploaded to VirusTotal, an online platform that analyzes files to detect malicious content, 9to5mac reported.
Mosyle said ModStealer is designed to extract data, with pre-loaded code that steals private keys, certificates, credential files and browser-based wallet extensions. The security researchers found targeting logic for different wallets, including extensions on Safari and Chromium-based browsers.
The security firm said the malware persists on macOS by abusing the system to register as a background agent. The team said the server is hosted in Finland but believes the infrastructure is routed through Germany to mask the operators’ origin.
Security firm warns of fake job ads
The malware is reportedly being distributed through fake job recruitment ads, a tactic that has been increasingly used to target Web3 developers and builders.
Once users install the malicious package, ModStealer embeds itself into the system and operates in the background. It captures data from the clipboard, takes screenshots and executes remote commands.
Stephen Ajayi, DApp and AI audit technical lead at blockchain security firm Hacken, told Cointelegraph that malicious recruitment campaigns using fraudulent “test tasks” as a malware delivery mechanism are becoming increasingly common. He warned developers to take extra precautions when asked to download files or complete assessments.
“Developers should validate the legitimacy of recruiters and associated domains,” Ajayi told Cointelegraph. “Request that assignments be shared via public repositories, and open any task exclusively in a disposable virtual machine with no wallets, SSH keys or password managers.”
Emphasizing the importance of compartmentalizing sensitive assets, Ajayi advised teams to maintain a strict separation between their development environments and wallet storage.
“A clear separation between the development environment ‘dev box’ and wallet environment ‘wallet box’ is essential,” he told Cointelegraph.
Hacken security lead shares practical steps for users
Ajayi also stressed the importance of basic wallet hygiene and endpoint hardening to defend against threats like Modstealer.
“Use hardware wallets and always confirm transaction addresses on the device display, verifying at least the first and last six characters before approving,” he told Cointelegraph.
Ajayi advised users to maintain a dedicated, locked-down browser profile or a separate device exclusively for wallet activity, interacting with only the trusted wallet extensions.
For account protection, he recommended offline storage of seed phrases, multifactor authentication and the use of FIDO2 passkeys when possible.
Ripple (XRP) trades at $3.04 with 0.92% daily gains, showing bullish momentum as technical indicators align for potential breakout above $3.13 resistance level.
Quick Take
• XRP currently trading at $3.04 (+0.92% in 24h)
• Ripple’s RSI at 56.76 shows neutral momentum with room for upside
• Strong bullish trend confirmed across multiple timeframes
• XRP approaching key resistance at $3.13 with bullish MACD histogram
What’s Driving Ripple Price Today?
Despite the absence of significant news events in the past week, XRP price continues to demonstrate resilience and bullish momentum. The current upward trajectory appears to be driven primarily by technical factors and sustained market confidence in Ripple’s long-term prospects.
The lack of major announcements has allowed traders to focus on pure price action, with XRP benefiting from broader cryptocurrency market stability. This technical-driven rally suggests that Ripple has established a solid foundation for potential further gains, particularly as the token approaches critical resistance levels.
XRP Technical Analysis: Bullish Signals Emerge
Ripple technical analysis reveals a compelling bullish setup across multiple indicators. XRP’s RSI at 56.76 sits comfortably in neutral territory, providing ample room for upward movement without reaching overbought conditions. This positioning is particularly encouraging for traders seeking entry points.
The MACD histogram shows a bullish reading of 0.0292, indicating strengthening upward momentum despite the MACD line remaining slightly negative at -0.0008. This divergence often signals an impending trend reversal, which could propel XRP price higher in the coming sessions.
Ripple’s Stochastic indicators paint an even more bullish picture, with %K at 91.56 and %D at 91.09, suggesting strong buying pressure. However, these elevated levels also indicate that XRP is approaching overbought territory, warranting caution for new long positions.
The Bollinger Bands analysis shows XRP trading near the upper band at $3.09, with a %B position of 0.8816. This positioning typically indicates strong momentum but also suggests that Ripple support levels around the middle band at $2.90 could become crucial if profit-taking emerges.
Ripple Price Levels: Key Support and Resistance
XRP resistance appears most prominently at $3.13, representing the immediate hurdle for continued upward movement. A decisive break above this level could open the path toward Ripple’s strong resistance at $3.38, offering a potential 11% gain from current levels.
The XRP/USDT trading pair has established solid support structures, with immediate support at $2.70 coinciding with Ripple’s strong support level. This convergence creates a robust foundation that has successfully contained any downward pressure over recent sessions.
Based on Binance spot market data, XRP’s daily Average True Range of $0.12 suggests moderate volatility, providing traders with manageable risk parameters. The pivot point at $3.02 serves as a crucial reference, with XRP price currently trading above this level, reinforcing the bullish bias.
Should You Buy XRP Now? Risk-Reward Analysis
For aggressive traders, the current setup presents an attractive entry opportunity with XRP price positioned for a potential breakout above $3.13. The risk-reward ratio favors bullish positions, with stop-losses below $2.90 offering protection while targeting the $3.38 resistance level.
Conservative investors might prefer waiting for a pullback to Ripple support levels around $2.90-$2.95, where the confluence of the SMA 20 and recent lows provides additional security. This approach offers better entry prices while maintaining exposure to the bullish trend.
Swing traders should monitor XRP’s RSI closely, as any move above 70 would signal overbought conditions and potential profit-taking opportunities. Conversely, maintaining positions while the RSI remains below this threshold could prove profitable.
The proximity to the 52-week high of $3.55 suggests limited upside compared to the downside risk to the 52-week low of $1.80, making position sizing and risk management crucial considerations for all trading strategies.
Conclusion
XRP price action demonstrates strong bullish momentum with technical indicators aligning for potential continuation higher. The absence of negative news provides a supportive backdrop, while Ripple technical analysis suggests the path of least resistance remains upward. Traders should focus on the $3.13 resistance break as the key catalyst for the next major move, while maintaining awareness of support levels should profit-taking emerge in the coming 24-48 hours.
