Amdax backs $23m Bitcoin treasury bid, eyes 1% of global supply

Amsterdam’s Amdax is planting a flag with AMBTS, a dedicated Bitcoin treasury company. Backed by $23 million, its goal is to build a EUR-based counterweight to global giants and secure a full 1% of the entire BTC supply for European markets. Summary Amdax has launched AMBTS, a Bitcoin treasury firm backed by $23 million in initial funding, with a goal to secure 1% of BTC’s total supply. The spin-off plans a €30 million close by 2025 and a future Euronext Amsterdam listing to provide Europe with an equity-based Bitcoin vehicle.…

The 2 Scenarios That Could Play Out From Here

Crypto analyst XForce has set a $20 target for the XRP price. The analyst also highlighted two scenarios that could play out from here for the altcoin to reach this price target.  XRP Price Eyes Rally To $20 In This Market Cycle In an X post, XForce declared that $20 remains the primary cycle target for the XRP price. He noted that the altcoin still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro level. The analyst then went on…

XRP Price Drop Dampens Investor Sentiment for September

Key Notes XRP network data shows first-time transactions near a two-month low, signaling reduced inflows from fresh investors. XRP faces a critical test near $2.80, with the largest supply cluster between $2.81–$2.82. All eyes will be on the Fed rate cuts and macro push during September. XRP XRP $2.84 24h volatility: 4.6% Market cap: $168.93 B Vol. 24h: $6.62 B once again faces strong selling pressure and has corrected more than 4.38% today, after losing the crucial support at $3.0. As we approach September, one of the least performing months…

Cardano Foundation Overhauls Developer Portal

Key Notes Cardano Foundation has made an effort towards easy DApp building on Cardano for devs. It has reintroduced the Cardano Developer Portal with new functionalities and resources. ADA price performance does not seem to correspond with the optimism in the ecosystem. The Cardano Foundation has announced the launch of its Developer Portal, highlighting that it was shaped by input from the ADA ADA $0.83 24h volatility: 4.4% Market cap: $30.09 B Vol. 24h: $1.91 B community. Although the portal existed previously, it now offers enhanced tools and resources to…

Crypto Crash Triggers $411M in Liquidations

Key Notes Analysts advised traders to avoid opening BTC long positions at resistance of $112,000, while expecting a deeper pullback ahead. Altcoins faced heavy losses, with Ethereum plunging 5.6% to $4,300 after losing its 20-day EMA. XRP and DOGE also dropped significantly amid strong selling pressure and whale offloading. Today’s crypto market crash comes with Bitcoin BTC $108 657 24h volatility: 3.9% Market cap: $2.16 T Vol. 24h: $48.14 B losing 2.9% to $110,000, sending shockwaves across all the crypto assets. Altcoins have faced even greater selling pressure with Ethereum…

Mantle Tops DeFi Treasuries with $4B+, Uniswap Second

Key Notes Mantle Treasury surpasses $4.025 billion in assets. Majority of holdings are in native MNT tokens. Strategic use of treasury signals long-term growth focus. Mantle MNT $1.14 24h volatility: 7.7% Market cap: $3.72 B Vol. 24h: $504.60 M has taken the lead in decentralized finance (DeFi) treasury rankings, securing a total of $4.025 billion in assets. The majority of this treasury, around $3.792 billion, is held in Mantle’s own native tokens, while stablecoins make up $17.93 million. As per the data by DefiLlama, major cryptocurrencies such as Bitcoin BTC…

Why are public companies moving BILLIONS into Bitcoin? Podcast with Gemini and Empery Digital

In this episode of the crypto.news podcast, we dive deep into the rise of Bitcoin corporate treasuries with Head of Institutional at Gemini, Brad Vopni, and Empery Digital Co-Founder, Ryan Lane. In a crypto.news first, we sit down with two companies at the head of this new frontier in digital finance; why Empery Digital (NASDAQ: EMPY) just announced a $500M private placement, allocating 95%+ into Bitcoin — and how Gemini is serving as their trusted BTC custodian. As corporate adoption of Bitcoin accelerates, more companies are treating BTC as a…

Bitcoin Risks Losing $108,000 In A Month-End Sell-Off

Key points: Bitcoin sees a fresh round of selling at the Wall Street open, taking the price toward $108,000. Multiweek lows come thanks to whales offloading large tranches of BTC. US inflation data fails to offer any respite to bulls despite high odds of an interest-rate cut. Bitcoin (BTC) hit new multiweek lows after Friday’s Wall Street open as consensus favored a drop toward $100,000. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin bulls pin hopes on RSI divergence Data from Cointelegraph Markets Pro and TradingView confirmed daily losses of nearly 4%…