Coin overview
J
Ended--
Last price (USDT)
491.27K
24h total (USDT)
1.05M
Total vol (USDT)
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
Trading time (UTC+0)
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Ethereum Open Interest: Unpacking the Stunning New All-Time High
The cryptocurrency world is abuzz with significant news: Ethereum Open Interest has just hit an unprecedented new all-time high. This isn’t just a number; it’s a powerful indicator reflecting the growing engagement and anticipation surrounding the second-largest cryptocurrency. For anyone invested in the digital asset space, understanding what this surge in ETH futures means is absolutely crucial for informed decision-making. What Exactly is Ethereum Open Interest? Before we dive into the implications of this record-breaking event, let’s clarify what ‘Open Interest’ actually means. In the simplest terms, Open Interest (OI) represents the total number of outstanding derivative contracts, such as futures or options, that have not yet been settled. Unlike trading volume, which counts the number of contracts traded over a specific period, OI measures the total number of active contracts currently held by market participants. For ETH futures, a rising Open Interest indicates an increasing amount of money flowing into these contracts, suggesting more participants are entering the market or existing ones are increasing their positions. Think of it like this: if you open a new futures contract, the Open Interest goes up by one. If you close an existing contract, OI goes down. When someone else takes the opposite side of your trade, they are simply taking over an existing contract, so OI remains unchanged. This metric provides a clearer picture of market liquidity and the overall commitment of traders. The Record-Breaking Surge: Insights from CryptoQuant The news that has sent ripples across the market comes from a reputable source. As pointed out by CryptoQuant Analyst J.A. Maartunn on X, Ethereum futures Open Interest has soared to a staggering new all-time high of 8,060,259 ETH. This figure is not merely a statistical anomaly; it represents a significant escalation in market participation and capital allocation towards Ethereum derivatives. This particular data point from CryptoQuant, a leading on-chain analytics platform, adds substantial credibility to the observation, as their analysis often provides deep insights into market dynamics and trader behavior. This level of OI signifies that more Ether is currently locked up in futures contracts than ever before. To put this into perspective, at Ethereum’s current price (which fluctuates), 8,060,259 ETH represents billions of dollars in committed capital. Such a massive influx of capital into derivatives markets typically precedes periods of heightened volatility and potentially significant price movements, making it a critical metric for any comprehensive crypto market analysis. Why is Ethereum Futures Activity Surging to an All-Time High? Several factors could be contributing to this unprecedented surge in Ethereum Open Interest. Understanding these drivers is key to interpreting the market’s current sentiment and potential future trajectory: Anticipation of Spot ETH ETFs: One of the most significant catalysts is the growing speculation around the approval of spot Ethereum Exchange-Traded Funds (ETFs) in major markets like the United States. Following the success of Bitcoin spot ETFs, many believe that an ETH equivalent is a matter of ‘when’ not ‘if’. Such an approval would open the floodgates for institutional capital, significantly boosting demand and legitimacy for Ethereum. Traders are likely positioning themselves in ETH futures to capitalize on potential price appreciation. Network Upgrades and Development: Ethereum continues to evolve with significant network upgrades on its roadmap, such as the Dencun and upcoming Pectra upgrades. These upgrades aim to improve scalability, security, and efficiency, making the network more attractive for decentralized applications (dApps) and enterprise solutions. Continuous development fosters confidence among investors and traders. Broader Crypto Market Sentiment: The overall bullish sentiment across the wider crypto market, often led by Bitcoin’s performance, naturally spills over to other major cryptocurrencies like Ethereum. When confidence in the asset class is high, more capital flows into various segments, including derivatives. Institutional Interest: Beyond ETFs, traditional financial institutions are increasingly exploring ways to gain exposure to Ethereum. Futures contracts offer a regulated and accessible way for these entities to participate without directly holding the underlying asset. Leverage Trading Trends: Retail and professional traders alike often use futures to amplify their exposure to price movements. A high OI can sometimes indicate an increase in leveraged positions, which can lead to rapid price swings if the market moves unexpectedly. Interpreting the All-Time High: Bullish or Bearish Signal? While an All-Time-High in Open Interest might intuitively sound bullish, the reality is more nuanced. High OI can be interpreted in a few ways, and its true implication often depends on accompanying factors like price action and funding rates: Potential for Continued Trend: If price is rising alongside increasing OI, it often signals strong conviction behind the upward movement. New money is entering the market, supporting the current trend. This suggests a healthy, sustainable rally. Increased Volatility Risk: Conversely, a very high OI, especially when combined with high funding rates (cost of holding long positions), can indicate an overheated market. It means a large number of leveraged positions are open, making the market susceptible to sharp corrections or ‘long squeezes’ if prices start to fall. A small downward movement could trigger liquidations, leading to a cascade effect. Accumulation or Distribution: High OI can also represent significant accumulation by long-term holders or institutions, or it could be a sign of distribution where large players are offloading their positions to new entrants. Distinguishing between these requires deeper crypto market analysis, often looking at on-chain data and order book depth. For a complete picture, it’s essential to monitor the funding rates for ETH futures. Positive funding rates indicate that long position holders are paying short position holders, suggesting bullish sentiment and demand for long positions. Extremely high positive funding rates, however, can signal over-leveraged long positions and a potential for a correction. Challenges and Risks Associated with High Open Interest While the surge in Ethereum Open Interest highlights strong market interest, it also brings certain challenges and risks that traders and investors must be aware of: Liquidation Cascades: The most significant risk associated with high leveraged OI is the potential for liquidation cascades. If the price moves against a large number of leveraged positions, automated liquidations can trigger a rapid downward spiral, exacerbating price drops. Increased Volatility: A market with high OI is often more volatile. The sheer volume of outstanding contracts means that any significant price movement can be amplified as traders adjust their positions or get liquidated. Market Manipulation: While less common in highly liquid markets, very high OI can sometimes be exploited by large players attempting to trigger liquidations and profit from the ensuing volatility. Complexity for New Traders: For those new to derivatives, interpreting high OI and its implications can be complex. It requires a nuanced understanding of market structure and risk management. Actionable Insights for Traders and Investors Given the current landscape of record-high Ethereum Open Interest, what should traders and investors do? Here are some actionable insights: Monitor Funding Rates: Always pair your OI analysis with funding rates. Extremely high positive funding rates might suggest it’s time to be cautious, as a correction could be imminent. Watch Price Action Closely: Observe how price reacts to the high OI. Is it consolidating? Breaking out? A strong price trend accompanied by high OI is generally a healthy sign. Implement Robust Risk Management: Given the potential for increased volatility, strict risk management is paramount. Use stop-loss orders, manage your position sizing, and avoid over-leveraging. Diversify Your Portfolio: Don’t put all your eggs in one basket. While ETH futures offer opportunities, a diversified portfolio can help mitigate risks. Stay Informed with Analytics: Regularly check data from platforms like CryptoQuant and other on-chain analytics providers. These tools offer invaluable insights into market flows and participant behavior. Consider Long-Term vs. Short-Term Strategy: For long-term holders, short-term OI fluctuations might be less critical than fundamental developments. However, for short-term traders, this data is vital for tactical decisions. The Broader Impact on the Crypto Market Analysis Ethereum’s position as a foundational layer for decentralized finance (DeFi), NFTs, and various Web3 applications means that its market dynamics have a ripple effect across the entire crypto ecosystem. A significant surge in Ethereum Open Interest not only impacts ETH directly but also influences investor sentiment towards altcoins that are built on or closely related to the Ethereum network. It signals increased confidence in the smart contract platform’s future, potentially drawing more capital into the broader DeFi space and other Layer 2 solutions. Furthermore, strong performance and high interest in Ethereum can sometimes act as a leading indicator for the overall health of the altcoin market. When the second-largest cryptocurrency shows such robust activity, it often suggests a broader appetite for risk within the crypto sphere, which can benefit other digital assets as well. This makes monitoring ETH’s derivatives market a crucial part of any comprehensive crypto market analysis. Conclusion: A Pivotal Moment for Ethereum The new All-Time-High in Ethereum Open Interest is a clear signal of intense market focus and substantial capital flow into ETH futures. While this surge reflects strong conviction and potential for further price action, it also underscores the increased volatility and risks inherent in a highly leveraged market. As highlighted by CryptoQuant, this unprecedented level of engagement demands careful monitoring and a nuanced understanding of market dynamics. For traders and investors, staying informed, practicing diligent risk management, and combining OI analysis with other metrics will be key to navigating what promises to be an exciting, and potentially turbulent, period for Ethereum and the broader crypto market. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action.
Trump Announces 50% Tariff on Copper Imports
Key Points: 50% copper tariff implemented by President Trump for security reasons. Tariff takes effect on August 1, 2025. Potential impacts on construction, automotive, and electronics industries. Trump Announces 50% Tariff on Copper Imports In a significant policy shift, U.S. President Donald Trump announced a 50% tariff on copper imports, effective August 1, 2025. The decision follows a national security assessment. The tariff decision is significant due to its potential ripple effects across various industries reliant on copper, such as construction and renewable energy. Experts forecast increased costs and possible supply chain disruptions impacting production timelines and pricing structures. President Trump, known for using tariffs as a strategic policy tool, announced the copper tariff citing a “robust NATIONAL SECURITY ASSESSMENT.” The measure aligns with past policies targeting steel and aluminum to boost domestic production and secure critical materials. The tariff could lead to increased costs for industries dependent on copper, particularly construction, electric vehicle manufacturing, and semiconductors. Downstream industries might experience pricing adjustments as supply chains adapt to the new economic landscape. Donald J. Trump, President of the United States, said, “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary…” CBS News . Financial experts anticipate no immediate effects on cryptocurrencies like Bitcoin or Ethereum. However, indirect influences could emerge from altered mining equipment costs, should copper price hikes persist. Historically, tariffs on metals have temporarily spiked commodity prices, affecting manufacturing sectors. While the immediate impact on crypto markets is limited, potential long-term effects could arise from shifts in electronics supply chain strategies and pricing dynamics. Economic analysts continue to monitor these developments.
OPEC sees oil demand jumping 19% by 2050, and they’re betting on it
OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by 2050, up nearly 19% from today’s levels. That number is 3 million more than what the group said just last September. It dropped this projection in the latest World Oil Outlook, published Thursday. It says India will be the biggest driver of that demand, and President Donald Trump’s withdrawal from the Paris climate accord is part of the reason why fossil fuel use will keep rising. In the report, OPEC says: “The US withdrawal from the Paris Agreement will impact climate change negotiations and would most likely result in higher demand for hydrocarbons in general, and oil and gas in particular.” The group also claims that even a small increase in U.S. oil demand should be expected in the short term. Despite growing global pressure to phase out fossil fuels, the group is doubling down. It’s not considering a pivot to clean energy. It’s saying: more oil, for longer. OPEC fights the tide while forecasts tighten This view from OPEC puts it at odds with nearly every major energy forecaster. BP, Bank of America, the International Energy Agency, and Wood Mackenzie all say oil demand will peak in the next ten years. That’s mostly because China , which has been the world’s largest oil importer, is already cooling off. These forecasters believe slowing economic growth, improved fuel efficiency, and the global shift to renewables will cap demand. See also Bitcoin hits a new all-time high of $112,052 amid Nvidia-led stock rally But OPEC’s not buying it. Despite being isolated in its position, it recently started boosting crude supply again. On July 5, the group announced it would return 548,000 barrels a day of idled supply in August. That’s four times what it originally planned. The markets didn’t panic. Brent crude stayed near $70 per barrel in London this week, giving the cartel some fuel for its bullish call. Still, this wouldn’t be the first time it has missed. Its Vienna-based secretariat had predicted much higher oil demand in 2024, only to cut forecasts by 32% over six straight months. In 2023, it imposed deeper output cuts, insisting inventories were tight, but the squeeze never happened. Now, it is projecting oil consumption to rise 9% between 2024 and 2030. That’s the same estimate as last year. But this time, it is backing it with more long-term figures. The report says the growth will come mostly from road transport, petrochemicals, and aviation. And India is expected to take the lead, adding 8.2 million barrels a day by 2050. India and OPEC+ expected to dominate the growth While demand is expected to rise, OPEC says its influence will too. The OPEC+ alliance, which includes Russia, Kazakhstan, and other partners, will go from controlling 48% of the global oil market today to 52% by 2050. The shift is expected as production growth from other countries slows down. See also Cathie Wood doubles down on Elon Musk support amid Tesla's slow revival Meanwhile, outside OPEC’s report, the U.S. Energy Information Administration said on Wednesday that U.S. crude stocks rose last week, but gasoline and distillate inventories dropped. Gasoline demand shot up 6%, reaching 9.2 million barrels a day, a sign that American drivers aren’t going electric just yet. There’s more: oil prices slipped Thursday after President Trump announced new tariffs . Traders are worried this could slow the global economy and drag down demand. By 0052 GMT, Brent crude futures were down 22 cents to $69.97 a barrel, while U.S. West Texas Intermediate lost 27 cents, landing at $68.11 a barrel. But one area where demand isn’t slowing is the sky. J.P. Morgan, in a client note, said that global flight activity hit an all-time high during the first eight days of July, with 107,600 flights per day. Flights in China are back to levels not seen in five months. And freight traffic? Still growing, with ports and cargo hubs showing what J.P. Morgan called “sustained expansion” over last year’s numbers. OPEC is pushing against a wall of doubt, but it’s not blinking. It believes oil isn’t going anywhere, and the bloc is planning for a future where it’s needed even more than today. The rest of the world might call it denial. OPEC calls it a strategy. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Senator Warren Warns CLARITY Act May Allow SEC Evasion
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Warren warns about SEC oversight evasion through tokenization. Concerns about weakening securities laws with proposed bill. Senator Warren Warns CLARITY Act May Allow SEC Evasion The CLARITY Act and its Implications The CLARITY Act, introduced by Representative J. French Hill, could impact publicly traded companies like Tesla and Meta. During a committee hearing, Senator Warren suggested these companies might evade SEC regulations by tokenizing stocks on blockchains. The senator emphasized that the proposal could weaken existing securities laws by creating regulatory loopholes. The bill might enable ‘non-crypto companies’ to evade oversight by the U.S. Securities and Exchange Commission (SEC) through asset tokenization. Under the House’s proposal, publicly traded companies like Meta or Tesla could potentially circumvent SEC regulation by placing their stocks on the blockchain. — Senator Elizabeth Warren, U.S. Senate Banking Committee The potential evasion of SEC oversight via the CLARITY Act has not yet caused significant market disturbances for cryptocurrencies like Bitcoin and Ether. However, Senator Warren’s statement could prompt market speculation regarding regulatory arbitrage opportunities through tokenized equities. Such regulatory issues may influence the strategies of tech giants. No significant shifts have occurred yet, but the material impact on the crypto market awaits further response from these companies. Tesla or Meta have made no public announcements on significant changes regarding tokenization strategies in response to these legislative proposals. Historical Context and Future Outlook In examining the historical context of financial regulation and crypto markets, past legislative proposals have led to increased scrutiny and market volatility. The industry’s future remains uncertain until the Act’s outcome is determined. Various financial and technological scenarios could emerge, shaping the long-term landscape of digital assets and underlying legal frameworks.
Trump Imposes Surprising 50% Tariff on Brazil as Crypto Market Reacts
US President Donald Trump has announced a 50% tariff on Brazilian imports, escalating tensions after a week of diplomatic strain. The new tariff will take effect on August 1. The announcement came through Trump’s social media channels in a formal letter addressed to Brazilian President Luiz Inácio Lula da Silva. In the letter, Trump cited “unfair trade practices” by Brazil and criticized the Brazilian Supreme Court’s handling of former President Jair Bolsonaro. He currently faces trial for inciting an anti-democratic coup attempt. That event led to the January 8, 2025, storming of the Planalto presidential palace in Brasília. Donald J. Trump Truth Social 07.09.25 04:17 PM EST Tensions between the two countries intensified earlier this week after Trump posted messages supporting Bolsonaro and criticizing the BRICS summit. He warned that any country aligned with what he called “anti-American BRICS policies” would face an additional 10% tariff. The move comes amid already heightened market sensitivity following today’s release of FOMC minutes. It showed most Federal Reserve officials favor rate cuts in 2025, with some open to easing as early as July 30. Shortly after the Brazil tariff news broke, Bitcoin pulled back from its new all-time high of $112,000, dipping to around $110,800. The crypto market, which had been buoyed by Fed rate cut optimism, showed signs of caution as global trade tensions resurfaced. This is a developing story.
Trump Imposing 25% Tariff on Japan and South Korea Not Expected to Harm Stock and Crypto Markets
Trump imposes 25% tariff on Japan and South Korea. This move is not expected to harm stock and crypto markets in any way. Silver-tongued analyst expects bullish months ahead. Reputed analysts seem very eager for what’s expected next for the crypto market. On silver-tongued analyst believes that the worst-case scenario is over and that only bullish months exist ahead for stocks and crypto. He highlights how Trump imposing 25% tariff on Japan and South Korea is not expected to harm prices in the stock or crypto market, like earlier tariffs did. Trump Imposing 25% Tariff on Japan and South Korea President of the United States of America, Donald J. Trump, began a tariff war earlier this year. The thick of this tariff war occurred in Q1 of 2025, the same time as when the price of BTC experienced a prolonged correction phase. Analysts believe that Trump’s tariff war resulted in an even greater dip for the price of BTC during its correction phase, taking BTC prices to as low as the $70,000 price range. Initially, Trump said he would place tariffs on every country, and delivered on that promise. First, he announced a giant list of tariffs, so expansive that it even covered an island only populated by penguins. Soon after this, Trump called for a pause on all tariffs except that on China. In response, China built more alliances with its neighbors and placed tariffs of its own on the USA. Following this, a long back-and-forth took place with China and the USA until both tariffs hit a ridiculously high number. Eventually, China said that it would simply not trade with the US, stating that they survived hundreds of years without trading with the US and would just go back to thriving without them. Finally, the two together reduced tariffs on one another, making it seem like the end of the tariff war . Bullish Months Ahead Like always, the financial markets tend to be spooked by new and unforeseen events. It is only in times of uncertainty that the prices of crypto and stocks tend to take a tumble. After seeing that no harm came from these moves, the markets rose back up again. It seems that this phase is playing out for the tariff issue now, as the novelty of uncertainty over tariffs seems to finally be wearing off. Almost no reaction in the charts, Trump imposing 25% tariff on Japan and South Korea today. I keep telling that the absolute worst case including a potential war is currently priced in, meanwhile the money supply keeps increasing! Bullish months ahead for Stocks and Crypto — Doctor Profit 🇨🇭 (@DrProfitCrypto) July 7, 2025 As we can see from the post above, this reputed crypto analyst, Doctor Profit , known for his many accurate predictions, says that there are almost no reactions in the price charts as Trump imposes tariffs on Japan and South Korea today. He declares that the worst-case scenarios are currently priced in, and as the money supply keeps increasing, the months ahead will be bullish for both stocks and crypto.
G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO To Launch the First Finger Vein Biometric Wallet
July 8, 2025 – New York, New York Strategic leadership appointment positions G-Knot to redefine digital security and identity management. G-Knot , a pioneering biometrics technology company developing the world’s first finger vein crypto wallet, today announced the appointment of Wes Kaplan as the company’s CEO. Kaplan – a globally recognized leader with expertise across fintech, digital assets and traditional finance – will spearhead the global commercialization of G-Knot’s revolutionary biometric solutions. This strategic move comes as G-Knot prepares to launch its flagship crypto wallet product, setting a new standard for security in the crypto industry. G-Knot is the exclusive licensee of eTunnel Inc., a Seoul-based global leader in biometric research and development, and is built on over a decade of research and development of cutting-edge finger vein technology. G-Knot leverages unforgeable biometric data to eliminate vulnerabilities, such as compromised private keys and recovery phrases, addressing a critical pain point in the digital asset industry. With cryptocurrency hacks resulting in over $1.4 billion in losses in 2025 alone, G-Knot’s finger vein crypto wallet introduces a transformative solution for secure self-custody. G-Knot’s goal is to bring its technology to market through consumer and enterprise-grade products, starting with the launch of the world’s first finger vein crypto wallet. This product is the first of many commercial use cases for biometric identification technology. Wes Kaplan, CEO of G-Knot, said, “G-Knot is poised to redefine security in the digital age, and I am thrilled to lead this mission. We are entering the market to solve the security challenges plaguing the cryptocurrency space. “By replacing the need for recovery phrases with users’ unique biometric authentication, we’re not only solving today’s issues but also paving the way for broader applications in DeFi (decentralized finance) and identity management.” The biometric technology that powers G-Knot has been validated at the highest levels, earning global recognition for reliability and innovation. In September 2024, G-Knot’s technology, developed by eTunnel, secured a prestigious contract with the United Nations’ International Telecommunication Union (ITU) to deploy biometric smart cards across UN organizations. Today, G-Knot is the only provider of commercial finger vein biometric solutions in the world. Youngkuk Kim, CEO of eTunnel, said, “Kaplan’s proven track record in scaling innovative financial tech makes him the ideal leader to bring eTunnel’s technology to market. “As eTunnel continues to advance biometric research, G-Knot, under Wes’s leadership, will leverage the gold standard of biometric technology to deliver enterprise-grade and consumer-focused products that address the growing security needs of an increasingly digital world.” Kaplan is a seasoned technology leader with deep experience across fintech, digital assets and traditional finance. He has held executive roles at top firms including Cointelegraph, AscendEX and Tradewind Markets, and began his career at J.P. Morgan and BNY Mellon. Most recently, Wes served as CEO of Cointelegraph, a premier global cryptocurrency media organization. His appointment signals G-Knot’s ambition to bridge the gap between cutting-edge biometrics and DeFi to create new and more secure opportunities for retail and institutional adoption. About G-Knot G-Knot is a pioneering biometric technology company redefining security and identity management for the digital age. G-Knot was established to commercialize over a decade’s worth of biometrics development and innovation from its parent company, eTunnel Inc., a leading biometrics research and development firm based in Seoul, South Korea. G-Knot is bringing this technology to market through consumer and enterprise-grade products, starting with the launch of the world’s first finger vein crypto wallet. This product, designed to address critical security and usability issues in the cryptocurrency industry, is the first of many commercial use cases for biometric identification technology. The company is led by CEO Wes Kaplan, a seasoned technology leader with deep experience across fintech, digital assets and traditional finance. Contact Sandra Rodriguez , Wachsman
ElphaPex is launching DG 2 and DG 2+, redefining the Scrypt mining energy efficiency standard
ElphaPex has officially released its latest generation Scrypt algorithm ASIC miners, DG 2 and DG 2+, aiming to achieve breakthroughs in energy efficiency, scale, and multi-chain profitability. These two new products were unveiled at the "DG Night 2025" event in Hong Kong, marking a new era in industrial-scale merged mining. Key Parameters Overview DG 2 Hashrate: 18 GH/s Efficiency: 0.22 J/M Price: $7,560 DG 2+ Hashrate: 20.5 GH/s Efficiency: 0.19 J/M Price: $10,045 Both devices support merged mining of Litecoin, Dogecoin, and Bellscoin, allowing operators to consolidate multi-chain hashing power with a high-performance single device. Why Is This Important? With an efficiency of 0.19 J/M, the air-cooled Scrypt miner has made a significant leap in energy efficiency. Against the backdrop of rising electricity costs post-halving, there is an increasingly urgent demand from miners for high-efficiency devices, which can provide substantial long-term investment returns. For large-scale mining farms, the DG 2+ offers a new efficiency frontier, achieving higher hashrate output without the need for liquid cooling or water cooling systems, while avoiding the increase in thermal control and operational complexity. Advancing Merged Mining With the growing number of coins supporting merged mining such as $LTC, $DOGE, and $BELLS, the demand for mining solutions that flexibly support multiple currencies has rapidly increased. The DG series is designed for this purpose, combining high performance, durability, and high efficiency to meet all the requirements of modern mining operations. The DG 2 and DG 2+ are now available for global pre-order, with ElphaPex set to begin delivery in the coming weeks. About ElphaPex ElphaPex is the world's leading Scrypt mining hardware manufacturer, focusing on designing high-efficiency ASIC miners for Litecoin, Dogecoin, and other Proof of Work (PoW) ecosystems. With its proprietary chip development capabilities and a growing partnership network, ElphaPex is driving the next stage of scalable, highly profitable mining.
Trump Signs $3.3 Trillion Spending Bill into Law
Key Points: Trump signs a $3.3 trillion spending bill into law. No direct crypto provisions included in the bill. Potential increase in Bitcoin appeal as an inflation hedge. President Trump Signs ‘One Big Beautiful Bill’ The event marks a shift in fiscal strategy and could fuel inflation, impacting the cryptocurrency market. Despite signing the One Big Beautiful Bill , President Trump did not include any specific provisions for cryptocurrencies. The bill reallocates $3.3 trillion towards other fiscal priorities. Key figures involved include Speaker Mike Johnson and Sen. Cynthia Lummis . The immediate market response lacks direct effects on cryptocurrencies, as no new crypto incentives or regulations are present. However, Bitcoin may gain in value due to inflationary fears reignited by the bill’s passage. Financial implications focus on redirecting funds from green energy credits and introducing $77 billion in immigration fees. These measures alter existing fiscal policies without providing crypto subsidies or legal clarity. Analysts predict broader inflation concerns may increase Bitcoin’s appeal. Historical patterns show fiscal expansions often boost crypto interest as a potential hedge against rising prices. Economist insights suggest such trends could continue following this bill’s enactment. “Here are 50 reasons why President Donald J. Trump’s One Big Beautiful Bill is the best chance in a generation to pass critical reforms for which Americans voted…” — President Donald J. Trump
J.P. Morgan Halves Stablecoin Market Forecast to $500B by 2028
J.P. Morgan cut its stablecoin market forecast to $500B by 2028, citing limited payment adoption. Only 6% of current stablecoin use is for payments, with most demand from crypto activities. Regulatory gaps and minimal real-world use continue to hinder stablecoin expansion worldwide. J.P. Morgan has lowered its stablecoin market projection, cutting its 2028 forecast to $500 billion. The bank previously expected much higher growth, in line with other financial institutions. Standard Chartered projected that the stablecoin supply could reach $2 trillion by 2028. Bernstein recently forecast $4 trillion in growth over the next decade. But J.P. Morgan now considers those numbers unrealistic. The firm stated that stablecoin usage remains primarily within cryptocurrency trading and decentralized finance (DeFi). Its analysts estimate that 88% of current demand comes from crypto-native activity. These include trading, collateral for DeFi, and idle treasury funds. According to the bank, only 6% of demand comes from payment-related use. This equals roughly $15 billion out of the current $250 billion market. The bank said the idea of stablecoins replacing traditional money is still far off. JPMorgan cuts its stablecoin growth forecast, now expecting just $500B by 2028. he revision halves earlier trillion-dollar projections, citing slow payments adoption.#JPMorgan #StableCoin #Forecast pic.twitter.com/9Ifjmm7Ex8 Use Cases Lag, Regulation Remains Patchy The revised forecast reflects bigger issues in the stablecoin ecosystem. Adoption outside of crypto remains minimal. Many regulators still lack clear rules for these digital assets. Some countries focus on developing central bank digital currencies (CBDCs) instead, with China expanding the international use of its e-CNY. In June, Ant Group announced plans to issue stablecoins through its Hong Kong-based subsidiary. This move reflects interest from large tech firms. However, the usage of international stablecoins remains low. Another obstacle that J.P. Morgan mentioned is the difficulty of substituting the traditional bank deposits. Stablecoins do not have yield. The switch between fiat and crypto introduces friction. These challenges discourage the adoption of everyday payments. Policy and Innovation Face Crossroads The U.S. recently passed the GENIUS Act in the Senate. This bill aims to regulate stablecoins and bring clarity to issuers. Analysts see this as a step forward, but progress is slow. The bill could pave the way for growth if the House passes it soon. Standard Chartered stated that this legislation could trigger a 10-fold increase in stablecoin supply. J.P. Morgan remains cautious, projecting only modest growth driven by crypto-native use cases. It also warned against expecting a major shift away from traditional finance. The bank emphasized that most stablecoins are still used for speculation. Payments and remittances remain minor drivers. For real growth, stablecoins must move beyond trading desks and into real economies. Related: JPMorgan Pilots On-Chain Dollar Token JPMD on Base Chain Some countries, like Singapore and the U.K., are working on frameworks for stablecoins. Others continue to focus on CBDCs or improving their banking rails. J.P. Morgan’s outlook suggests stablecoin growth will be steady but limited. The firm expects a $500 billion market by 2028. This figure is far below previous bullish predictions. While some regulators and companies push for innovation, usage gaps persist. Until stablecoins gain broader utility, their growth will likely stay tied to crypto ecosystems. For now, stablecoins remain essential to trading, DeFi, and crypto liquidity. It is unclear what their future holds beyond these zones. With the shift in regulation, the balance between central bank digital currencies and stablecoins will continue to define global financial innovation.
JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
JPMorgan's blockchain division Kinexys is testing its upcoming blockchain application for carbon credit tokenization alongside S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry. The collaboration aims to establish a single ecosystem for tokenized carbon credits that can address fragmentation and transparency issues in the market, according to the company's Tuesday release . Carbon credits are tradable permits that allow companies to emit a certain amount of greenhouse gases. These credits are generated by projects that actively reduce emissions, such as renewable energy projects, reforestation initiatives, or carbon capture technologies. "Tokenization could support development of a globally interoperable system that adds confidence into the integrity of the underlying infrastructure," said Alastair Northway, head of natural resource advisory at J.P. Morgan Payments. EcoRegistry and the ICR have completed testing the application on their registry solutions, while S&P Global is expected to test the application on its registry-as-a-service platform. The three companies will also explore the viability of tokenizing carbon credits using the application, which is still being developed by Kinexys, according to the release. "The testing will focus on account, project and credit lifecycle management, with specific objectives around technical connectivity, data model compatibility and complete functionality," the release noted. Meanwhile, JPMorgan, an early adopter of blockchain technology, is reportedly working to launch a stablecoin-like deposit token called JPMD, which is expected to launch on the Base network. This would mark Kinexys' first deployment on a public blockchain.
IREN Bitcoin Hashrate Surpasses 50 EH/s, Entering the Top Tier of Global Mining Companies and Expanding AI Infrastructure Simultaneously
According to ChainCatcher, as reported by The Block, publicly listed Bitcoin mining company IREN has announced that its proprietary Bitcoin hashrate has reached 50 EH/s, accounting for approximately 6% of the total network hashrate (842 EH/s), thus achieving its mid-year target. This scale ranks fourth in the industry, behind only Marathon Digital (57.3 EH/s), CleanSpark (50 EH/s), and Riot Platforms (33.7 EH/s). Of its 750MW mining facility in Texas, 650MW is already operational, driving a nearly 50-fold increase in hashrate over the past 30 months. IREN Co-CEO Daniel Roberts stated that the 50 EH/s milestone demonstrates the company’s efficient delivery capabilities in energy and data center infrastructure. In the second quarter, the company’s Bitcoin mining cost was $41,000 per coin, benefiting from 15 J/TH energy-efficient equipment and renewable energy advantages. With the current Bitcoin price at approximately $106,542, this low-cost structure provides resilience against market volatility. The company’s AI transformation strategy is also underway: a 50MW liquid-cooled AI data center (Horizon 1) will be built at the Texas site, with operations planned for Q4 2025. IREN will serve AI clients through a GPU hosting model and plans to issue $450 million in convertible senior notes to support its expansion.
Hut 8 Vega Data Center Powers Up for the First Time, Deploys the World’s Largest Bitcoin Mining Facility
ChainCatcher reports that Hut 8 Corp. (NASDAQ | TSX: HUT) announced today that its Vega data center has been powered on for the first time. The facility is considered the world’s largest single-site Bitcoin mining operation. Vega spans 162,000 square feet, is equipped with a nominal energy capacity of 205 megawatts, and, at full capacity, can deliver approximately 15 EH/s of Bitcoin mining power—about 2% of the current global Bitcoin network hash rate. Vega will deploy up to 17,280 Bitmain U3S21EXPH servers, which are Bitmain’s first large-scale commercial U-shaped direct liquid-cooled ASIC miners. Each unit can deliver up to 860 TH/s of hash power with an energy efficiency of 13 J/TH. As a client, Bitmain will deploy all approximately 15 EH/s of mining machines at Vega, which is expected to generate annualized revenue of $110 million to $120 million for Hut 8. The agreement also includes a purchase option that, if exercised, would expand Hut 8’s proprietary mining capacity from 10 EH/s to approximately 25 EH/s. Previous reports indicated that Vega was expected to be powered on in the second quarter of 2025 to prepare for the approximately 15 EH/s hosting agreement reached with Bitmain.
Germany eyes Israeli tech for national ‘cyber dome’ defense system
Germany is planning to build a national cyber defense system and wants Israel’s technology at the center of it, according to a report from Reuters. During a visit to Tel Aviv, Interior Minister Alexander Dobrindt announced a proposal to create a joint cyber research center between Germany and Israel. The goal is to tighten cooperation between both countries’ intelligence and security agencies. Dobrindt, who took office last month under new Chancellor Friedrich Merz, arrived in Israel on Saturday and laid out a five-step plan for what he calls a “Cyber Dome” to defend German networks. Dobrindt told Germany’s Bild newspaper, “Military defence alone is not sufficient for this turning point in security. A significant upgrade in civil defence is also essential to strengthen our overall defensive capabilities.” His comments follow rising concerns in Berlin over threats from Russia and China, and a renewed push to expand Germany’s role in NATO operations. At home, Bavarian Prime Minister Markus Soeder called on Sunday for Germany to purchase 2,000 interceptor missiles, which would be the start of a short-range missile shield modeled after Israel’s Iron Dome. Germany copies Israel’s tested Iron Dome model Iron Dome was first used in April 2011, when it intercepted Katyusha rockets launched by Palestinian militants. In August that year, it took down 20 rockets, although one attack in Beersheba saw four intercepted and one slip through, killing a man and injuring others. See also Alibaba debuts multimodal AI tool to challenge OpenAI and DeepSeek During Operation Pillar of Defense in November 2012, Israeli officials said Iron Dome filtered out two-thirds of about 1,000 rockets as non-threats and intercepted 90 percent of the remaining missiles. Only three people were killed that month after the system failed in one incident. By the time Operation Protective Edge happened, Iron Dome had achieved between 87 and 90 percent success rates, recording 735 interceptions. Its accuracy earned praise from U.S. defense expert Steven Zaloga, who said a 90% interception rate was “an extremely high level.” Reporter Mark Thompson pointed out that the low number of casualties showed it was “the most-effective, most-tested missile shield” globally. The news outlet Slate called Iron Dome’s performance “unprecedented,” especially compared to systems like the Patriot. In the 2006 Hezbollah war, 4,000 rockets landed in Israel over 34 days, killing 53 civilians. There were over 30,000 insurance claims for damage. In 2014, during a 50-day conflict with Hamas, 3,360 rockets were fired, and rocket-related deaths dropped to two. Insurance claims fell to 2,400. Still, Iron Dome is not flawless. On March 25, 2019, a J-80 rocket launched from Gaza struck a home in Mishmeret, causing injuries. Hamas claimed the rocket followed a nonlinear flight path, making it too unpredictable for the system to track or stop. See also China finds new pressure point in EU EV trade talks - French cognac Germany wants the cyber shield to complement these physical protections. It’s betting that combining Israeli experience with German infrastructure could help defend against both missile threats and digital warfare. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Trump’s Tariff Policy Criticism Sparks Business School Rebuke
Key Takeaways: President Trump defends tariff policies amid criticism. Support for U.S. steel and aluminum. Potential impacts on trade partners and industrial sectors. Trump’s Tariff Policy Criticism Sparks Business School Rebuke Trump’s comments are significant as they signal a firm stance on tariffs affecting major industrial sectors while causing ripples in international trade relationships. The White House has announced a significant tariff increase on U.S. steel and aluminum imports. These measures aim to protect vital American industries, according to official statements . President Trump is taking action to protect America’s critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity. – Donald J. Trump, President of the United States, White House Fact Sheet President Donald Trump, defending his trade policies, has criticized detractors, suggesting they need business education. His firm stance focuses on boosting domestic production and addressing foreign trade challenges. The increased tariffs are expected to impact American industries by supporting local production; however, they might affect international trade adversely by straining relations with other countries. Businesses depending on imported materials could face higher costs and supply chain challenges. The political ramifications of Trump’s policies include potential diplomatic strains with trade partners. Economically, these tariffs affect the cost of imported goods, potentially leading to increased prices for consumers and businesses. Analysts suggest these tariffs might eventually influence market dynamics and government policies. Historical data from past trade wars shows that increased tariffs often lead to market volatility and shifts in global commerce patterns .
Trump Endorses Bitcoin as Pressure Relief for Dollar
Key Takeaways: Trump supports Bitcoin for reducing dollar strain. Bitcoin boosts US financial ecosystem. Positive impact on US economic strategy. Trump Endorses Bitcoin as Pressure Relief for Dollar President Trump announced public support for Bitcoin, highlighting its ability to lessen pressure on the US dollar. His administration’s policy now includes Bitcoin as part of the US economic strategy . Trump Media & Technology Group Corp. actively incorporates Bitcoin, executing strategies like significant treasury allocations and proposed Bitcoin ETFs. Donald Trump leads these initiatives, marking a strong crypto-backed economic shift. Trump’s backing of Bitcoin is expected to bolster the cryptocurrency market, enhancing confidence among investors and policymakers. It’s a pivotal move promoting digital asset stability and growth. The US government’s Bitcoin involvement signals potential regulatory adaptations, possibly setting precedents for other nations, affecting traditional financial systems and digital trading avenues. The policy impacts both public perception and market behavior, notably increasing Bitcoin’s validity as a strategic asset. Institutional trust may rise, fostering further investment. Potential outcomes include enhanced liquidity in cryptocurrency markets and increased governmental collaborations with fintech entities. Historical trends suggest similar initiatives often lead to elevated Bitcoin demand and regulatory developments. “I notice more and more of you pay in bitcoin. People are saying it takes a lot of pressure off the dollar, and it’s a great thing for our country.” – Donald J. Trump, President of the United States
Trump questions Democratic anti-American tendencies on Truth Social
according to the Truth Social platform of US President Donald J. Trump, the content is "Why are the Democrats always against America?" (WHY ARE THE DEMOCRATS ALWAYS ROOTING AGAINST AMERICA???)
White House Declares Bitcoin as ‘Digital Gold’ in New Policy
Key Points: The White House declares Bitcoin “digital gold,” initiating strategic reserves. The U.S. government aims to accumulate and retain Bitcoin. A new policy without direct federal spending impacts cryptocurrency markets. White House Declares Bitcoin as ‘Digital Gold’ in New Policy President Donald J. Trump has signed an Executive Order declaring Bitcoin as “digital gold” and implementing a Strategic Bitcoin Reserve in the U.S., emphasizing accumulation and holding strategies by the government. This policy positions Bitcoin as a national reserve asset, reflecting broader recognition of digital assets. Market participants are evaluating the implications as the government commits to accumulating Bitcoin stock without direct expenditures. U.S. government officially recognized Bitcoin as a strategic reserve asset, akin to gold, through a new Executive Order. President Trump and crypto policy head Bo Hines lead this federal initiative, aiming for significant Bitcoin reserves. “The Order creates a Strategic Bitcoin Reserve that will treat bitcoin as a reserve asset. … The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets.” — President Donald J. Trump Action involves creating the Strategic Bitcoin Reserve, which will not sell any accumulated Bitcoin. The plan avoids taxpayer burdens by using Bitcoin forfeited through criminal proceedings and other legal measures for the reserve. The decision could reduce government-driven Bitcoin sell pressure, potentially boosting Bitcoin’s market value. The inclusion of Bitcoin as a sovereign reserve asset reflects its rising importance in fiscal strategy. Establishing this policy marks a shift from previous practices of selling forfeited Bitcoin through auctions. It aligns Bitcoin with gold-held strategies by global central banks. Long-term, this shift may influence other nations to formalize digital asset reserves, leveraging the blockchain economy. Historical trends indicate growing governmental adoption of cryptocurrencies globally.
Is 0.1 Bitcoin the New American Dream? CZ, Saylor, and Pulte Think So
The idea of the colloquial “American Dream” might be due for an upgrade after BeInCrypto reported housing credits in the US considering Bitcoin-backed mortgages. While homeownership has long defined financial success in the US, a growing movement led by crypto heavyweights says that even owning 0.1 Bitcoin (BTC) might soon surpass that milestone. Binance’s CZ Says 0.1 BTC Could One Day Outvalue a House Changpeng Zhao (CZ), founder and former CEO of the Binance exchange, suggested that owning just 0.1 BTC, worth $10,679 as of this writing, could one day be worth more than a house in the US. “The current American Dream is to own a home. The future American Dream will be to own 0.1 BTC, which will be more than the value of a house in the US,” the Binance executive shared in a post. CZ was reacting to a post by William J. Pulte, a US housing policy official and crypto advocate, who announced crypto inclusion as an asset for a mortgage application. According to CZ, this is great to see, with Bitcoin now counting as an asset when applying for a mortgage in the US. Pulte is the director of the US Federal Housing Finance Agency (FHFA), which oversees major entities such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The decision marks a fundamental shift in US financial policy. Enacting this policy, particularly regarding Bitcoin, enhances the pioneer crypto’s popularity among high-net-worth investors. More closely, it legitimizes crypto as a financial asset in federal housing policy. “When I bought a house last year, I provided a portfolio summary from DeBank as proof of funds. No bank would accept such a document but realtors will accept the document for cash offers,” one user revealed. This aligns with a broader trend of digital assets gaining mainstream legitimacy in financial infrastructure, including Bitcoin ETFs (exchange-traded funds) and Ethereum counterparts. Notably, Pulte also revealed regulatory momentum, ordering executives at Fannie Mae and Freddie Mae to provide regulatory changes. After a “productive meeting,” Pulte confirmed the addition of crypto to US mortgage qualification. Meanwhile, like CZ, MicroStrategy (now Strategy) executive chair Michael Saylor sees the move as Bitcoin’s foray into the American Dream. Saylor has long viewed Bitcoin as a long-term store of value. This latest development cements that vision, tying Bitcoin to the foundational aspects of middle-class life such as homeownership. In a recent US Crypto News publication, BeInCrypto reported Saylor offering MicroStrategy’s Bitcoin Credit framework to calculate credit risk using BTC price volatility and loan duration, among other factors. Bitwise’s Jeff Park Explains The Rise of the “Wholecoiner” Elsewhere, Jeff Park says the American Dream is being redefined for younger generations. According to the portfolio manager at Bitwise, becoming a “wholecoiner” (owning 1 full BTC) is replacing suburban homeownership as a symbol of financial independence for Millennials and Gen Z. With US home prices soaring, weighing heavily on younger Americans, the dream of owning property is slipping away. Median US homebuyer housing payment on median-priced home. Source: Similarly, student debt is a challenge, with reports suggesting high unemployment rates even for students graduating from top-of-the-line institutions. Meanwhile, Bitcoin, trading at $106,796 as of this writing, represents an alternative grounded in scarcity, autonomy, and global access. A report from Jumper Learn echoes this sentiment. “Owning one Bitcoin is viewed as a milestone akin to homeownership in previous generations, anchored not to land but to sound money and digital autonomy,” read an excerpt in the blog. The policy shift reflects a broader cultural transformation. As digital natives prioritize flexibility, decentralization, and sovereignty, Bitcoin is going beyond being just an asset and progressively becoming a lifestyle anchor. As Saylor, CZ, and Pulte, among others, converge around this narrative, Bitcoin becomes a benchmark of aspiration. The modern American Dream could soon be measured in satoshis, not square footage.
Crypto May Be Used as Collateral for Mortgage Loans in U.S.
The U.S. Federal Housing Finance Agency (FHFA) instructed Fannie Mae and Freddie Mac to develop proposals for including cryptocurrency in mortgage loan risk assessments. William J. Pulte, Director of the FHFA, signed Decision No. 2025-360, directing the government-sponsored enterprises Fannie Mae and Freddie Mac to begin work on integrating crypto into the risk assessment framework for single-family home mortgage loans. The initiative envisions allowing cryptocurrency to be used as reserve assets without mandatory conversion into U.S. dollars prior to closing the loan. The new directive takes immediate effect and is to be implemented as soon as possible. The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) are two U.S. government-sponsored enterprises established to support the mortgage market. Their primary function is to purchase mortgage loans from banks and other lenders and package them into mortgage-backed securities to ensure liquidity and reduce risks for lenders. Their activity enables banks to issue more mortgage loans, supporting stability and affordability in the housing finance market. Previously, crypto-assets weren’t included in credit risk assessment procedures used by Fannie Mae and Freddie Mac unless they were first converted into fiat currency. This approach significantly limited access to mortgages for potential borrowers holding substantial digital assets. According to the FHFA order, cryptocurrency is now considered a promising asset class capable of complementing existing liquidity sources beyond traditional stock and bond markets. The FHFA officially acknowledged that considering additional borrower assets, such as cryptocurrency, can improve the completeness and accuracy of evaluating an applicant’s financial stability. At the same time, crypto must be held on the balance sheet of a U.S.-regulated centralized platform and comply with legal standards. According to the directive, Fannie Mae and Freddie Mac must develop their own risk assessment methodologies that account for the volatility of the cryptocurrency market and the share of such assets in the overall reserve structure. All changes must be pre-approved by the respective enterprise’s Board of Directors and coordinated with the FHFA before implementation. The FHFA’s step comes amid an intensifying housing crisis in the U.S. According to Statista data, the value of issued mortgage loans in the U.S. fell to a record low of $851 billion in mid-2024. The main causes of this decline are rising interest rates and a shortage of affordable housing. To address these issues, the FHFA plans to explore the use of crypto-assets in the context of mortgage eligibility. Pulte stated that cryptocurrency could become an unconventional but viable source of capital for families previously excluded from the mortgage market. The regulator intends to consider the use of Bitcoin and other digital assets to expand borrower opportunities and reduce barriers to obtaining mortgages. Max Krupyshev, CEO of CoinsPaid, spoke about the prospects of using crypto as collateral in real estate. According to him, cryptocurrency enables access to real estate for new user categories. “Representatives of the IT business, freelancers, influencers — mostly young people who have digital assets but lack credit history in the traditional banking system. For them, mortgages are practically inaccessible. However, this could change over the next 3–7 years thanks to crypto initiatives in the mortgage market,” Krupyshev stated. Real estate agents in the U.S. were previously granted the ability to officially accept cryptocurrency payments.
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