Enterprise blockchain company Ripple has minted an additional 10 million tokens, according to the most recent data. 

This is the first minting event that has been recorded so far during September. 

Prior to this, Ripple issued an additional 15 million tokens on Aug. 29. 

Last August, the company minted a total of 60 million tokens, with the vast majority of these tokens being launched on the Ethereum network. At the same time, 20 million RLUSD tokens were burned (permanently removed from circulation) during the same period of time, meaning that there were an additional 40 million RLUSD tokens. 

$700 million milestone 

According to CoinGecko data, the market cap of RLUSD currently stands at $711 million. 

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It took Ripple a little over a month to add an additional 200 million tokens. As reported by U.Today, the highly regulated stablecoin, which was initially launched in December, managed to surpass $500 million in total assets in late July. 

Top 5 remains out of reach 

As reported by U.Today, Ripple executives have repeatedly stated that they had aimed to reach the top 5 of the biggest stablecoins by the end of the current year. 

However, this target remains far-fetched for the stablecoin despite Ripple’s latest minting spree. 

RLUSD is on track to record PAX Gold (PAXG), which currently has a market cap of $1 billion. 

Ripple’s stablecoin will also have to catch up with PayPal’s PYUSD, which currently boasts a market cap of nearly $1.2 billion. 

After this, RLUSD would have to surpass six more stablecoins in order to break into the top 5, which does not seem feasible in 2025. 

Daily Candle Signals Bearish Pressure For Bitcoin

Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

BTC Volatility Dominates Intraday Trading

Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

Key takeaways:

• Bitcoin needs a weekly close above $114,000 to avoid a deeper correction and reaffirm bullish strength.

• Failure to hold $112,000 and a bear flag breakdown could trigger drop to $103,700.

Bitcoin (BTC) may avoid an “ugly” correction to lower levels if BTC/USD ends the week above $114,000, according to traders and analysts.

Why Bitcoin price must reclaim $114,000

Bitcoin price is heading for its third consecutive week of losses, 11% below its Aug. 14 all-time high of $124,500, per data from Cointelegraph Markets Pro and TradingView. 

Bitcoin dropped below the crucial level of $114,000, a level that has supported the price over the previous six weeks, as shown in the chart below. 

Related: Bitcoin megaphone pattern targets $260K as BTC price screams ‘oversold’

BTC price must flip this level into support to confirm the strength of the uptrend, according to trader and YouTuber Sam Price.

“Bitcoin bulls are defending $109K support nicely,” Price said in an X post on Thursday, adding:

“A weekly close above $114K would be big.”

The long wick below $109,000 signalled “solid buy pressure,“ suggesting that bulls are aggressively defending this support level.

Analyst Rekt Capital said that it was important for Bitcoin to reclaim $114,000 as support to avoid a prolonged correction period.

“Turning $114K into new resistance would prolong the pullback period,” the analyst said in a Thursday X post, adding:

 “This has been a cycle of downside deviation, so all it comes down to is Bitcoin Weekly Closing above $114K for bullish bias.”

Bitcoin bears want to pull price down to $103,000

As Cointelegraph reported, Bitcoin’s price outlook hinged on holding above $112,000. 

Similar sentiments were shared by MN Capital founder Michael van de Poppe, who spotted Bitcoin trading at $112,800 on Thursday and said that the support at $112,000 was “crucial” for BTC price. 

“If Bitcoin can’t hold above $112K, we’ll probably face a very ugly correction across the board.”

Bitcoin had dipped below this support as of Friday, validating a bear flag on the four-hour chart, as shown.

A bear flag suggests a continuation of the bearish momentum, with sellers taking control.

Note that the price was rejected from the upper boundary of the flag, which is around $114,000, and has dropped below the lower boundary, which coincides with $112,000.

The measured move target from the pattern suggests a potential decline toward $103,700, representing a 6% drop from the current level.

The relative strength index remains below the mid-line, confirming the bearish momentum.

Liquidation data shows bid clusters all the way down to $104,000, suggesting that BTC price is likely to sink deeper to grab liquidity around this level. 

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.

]]> https://earlybirdsinvest.com/bitcoin-traders-btc-must-close-week-above-114k-to-avoid-ugly-correction/feed/ 0 55711 https://earlybirdsinvest.com/wall-street-giants-plot-1-billion-solana-treasury-set-to-close-in-weeks-shaking-market/ https://earlybirdsinvest.com/wall-street-giants-plot-1-billion-solana-treasury-set-to-close-in-weeks-shaking-market/#respond Mon, 25 Aug 2025 10:23:51 +0000 https://earlybirdsinvest.com/wall-street-giants-plot-1-billion-solana-treasury-set-to-close-in-weeks-shaking-market/

Galaxy Digital, Multicoin Capital, and Jump Crypto are seeking about $1 billion to assemble a Solana treasury through a public company vehicle, according to Bloomberg, with Cantor Fitzgerald engaged as lead banker and a takeover of a listed entity contemplated for the structure.

The effort, described as ongoing talks, would create what the report characterizes as the largest dedicated SOL treasury.

The contemplated wrapper mirrors familiar corporate-treasury mechanics, using public equity and financing tools to scale crypto exposure that can later be supported by converts or PIPEs.

Recent activity around Cantor-backed crypto treasuries shows the pathway exists in traditional markets, including a Nasdaq listing plan for Bitcoin Standard Treasury Company through a Cantor-affiliated SPAC, which if completed would list a balance sheet with more than 30,000 BTC.

Timing remains a key variable. Bloomberg’s account, as relayed in same-day trade press summaries, points to an early September closing goal and a green light from the Solana Foundation, while noting that details could change and the parties declined to comment. These elements underline that the plan is pre-closing and subject to market and regulatory execution risk.

The choice of Solana aligns with how on-chain trading has shifted this year. OKX’s State of DEX 2025 found Solana accounted for roughly 48 percent of decentralized exchange volume, with activity skewed to smaller retail trades, while Ethereum and its Layer 2s continued to dominate tickets above $50,000. That split helps explain why an equity-listed SOL aggregator might target breadth and liquidity on Solana while acknowledging that institutional block flow often retains an ETH bias.

The firms named in the Bloomberg report already have touchpoints with the ecosystem. Galaxy launched Solana index-tracking funds in 2021 alongside the Bloomberg Galaxy Solana Index, establishing an early institutional product set tied to SOL pricing.

Multicoin has publicly articulated a multi-year Solana thesis focused on throughput and vertical integration. These histories provide context for why they would coordinate on a larger balance-sheet approach today.

The prospective vehicle would also enter a field of emerging SOL treasuries. Upexi disclosed purchases of discounted locked SOL and said its holdings surpassed $100 million this spring, part of a pivot toward a SOL-centric treasury strategy that includes validator operations and financing via equity and convertibles.

DeFi Development Corp., which has framed itself as a SOL accumulator, reported crossing 846,000 SOL and reiterated its intent to compound via staking yields. These moves signal how listed companies are operationalizing SOL on balance sheets.

If the Cantor-advised SOL vehicle closes on the timeline described, it would formalize a public-markets route for consolidated SOL acquisition, potentially creating an equity proxy for investors that cannot hold the token directly and a repeatable template for future altcoin treasury structures.

For now, the initiative sits in the discussions stage, with the size target, banker role and public-company takeover framework outlined in Bloomberg’s reporting.

Mentioned in this article

I was still shocked at how clumsy some of my top wallets were. It’s overloaded on the defi tab or completely overloaded on the buggy AF. Metamask is still confused, TrustWallet Laggy. Who is actually nailing the UX RN?

Closing part of a trade in MT4 isn’t as obvious as it should be.

So in this tutorial, I’ll show you exactly how to do it.

The process is not hard and once you know how it works, you can take partial profits on your trades at any time.

First, let’s take a look at why you might want to do this.

Why Traders Take Partial Profits

The biggest reason traders close part of their trades early is to take some of their profits off the table, while still allowing themselves up to potentially capture bigger profits later.

This can give you a huge psychological boost and allow you to stick with the rest of your trade longer.

When a trade is in profit, then comes back and ends up in a loss, that can give you a huge case of Fear of Missing Out (FOMO).

Many traders will then try to make it back on the next trades, leading to overtrading, revenge trading, or taking profits too early.

So taking partial profits can help you achieve a balance of taking profits while you have them and letting your profits run.

But it’s not a magic bullet.

Be sure to backtest your profit taking method before implementing it.

Now let’s get into how to actually do it.

How to Take Partial Profits on a Trade in MT4

There are 2 ways to take profits in MT4.

I highly recommend doing this in a demo account if you’ve never done it before because if you don’t know what you’re doing, you could mess up a good trade and lose money unnecessarily.

Obviously, you should have a trade open that’s bigger than the 0.01 minimum lot size in MetaTrader, for this to work.

There are 2 ways to close part of a trade:

• Double-click the trade entry line on the chart
• Double-click the open trade in the Order window on the bottom of the screen

When you do either of these things, you’ll see the Modify Order window.

Change the following:

• Type: Change to Market Execution
• Volume: Enter the number of lots you want to close
• Close Button: Once all of the settings are correct, click the yellow Close button

That’s it!

Now you’ll see that the Size of your trade will be reduced in the Order window at the bottom of your screen.

Demonstration Video

If you want to see this in action, this video will show you exactly how to do this in MT4.

Final Thoughts

So that’s how to close part of your position in MetaTrader 4.

It’s very useful for taking some profits off the table, while still giving yourself the ability to still capture big moves.

Again, be sure that you practice doing this in a demo account first.

Also backtest your method of taking partial profits to be sure that it actually gives you an edge.

To learn how to backtest, read this tutorial.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum ($ETH) is nearly back at its all-time high (ATH) of $4,868.80, recorded in November 2021. With its price now hovering between $4.7K and $4.8K, investor excitement is building.

Altcoin season appears to finally be around the corner. And that makes now the best time to buy the top altcoins, including newcomers like Snorter Token ($SNORT) and Best Token ($BEST).

Ethereum’s ETF-Driven Rally & Treasury Demand

Over the past three days, spot Ethereum ETFs attracted a staggering $2.3B in US inflows, equating to roughly 500K $ETH. That’s more than the 450K $ETH issued by the network since the Merge in September 2022.

An incredible $1.03B of that inflow came on Monday, August 11, as traders roared back after the weekend. Even apart from red-letter days like that one, $ETH ETF inflows have been on a nearly-uninterrupted hot streak recently.

BlackRock’s iShares Ethereum Trust snagged $500M+ of that $1.03B inflow by itself.

Standard Chartered highlights that ETFs now account for about 3.8% of ETH’s circulating supply, while treasury firms have accumulated 2.3M $ETH (1.9% of total supply) since June, and may eventually hold up to 10%.

That’s roughly on-par with the amount of $ETH held in treasury companies, per Standard Chartered.

Unsurprisingly, given the above stats, Standard Chartered upped its year-end price prediction for Ethereum. The company now expects $ETH to hit $7.5K, up from its original prediction of $4K.

The ETF surge and accompanying price prediction increase reinforces bullish investor sentiment. It also highlights an ongoing supply-demand crunch.

There’s far more $ETH flowing out of exchanges than there is coming in, creating a compelling supply-demand dynamic.

On-Chain Supply Pressure & Price Momentum

It’s not so much limited supply but booming demand that’s creating prime conditions for $ETH to make big moves.

Ethereum is facing shrinking sell-side pressure: over the past month, exchanges have seen average withdrawals of 40K ETH per day – a negative netflow.

On the institutional level, that’s Ethereum heading into crypto treasuries or ETFs; on the retail end, it points to investors likely HODLing, staking, or sinking $ETH into DeFi activity.

On that side, Ethereum’s total volume locked (TVL) in DeFi just passed $96.9B – within range of the peaks of 2021, when TVL sat north of $100B.

Key Price Points & Future Predictions

$ETH decisively reclaimed key resistances at $4K and $4.5K, and is now challenging the $4.8K ATH.

A breakout beyond this level could trigger a move toward $5K, while a short pullback may consolidate at the $4K support zone.

The economic laws of supply and demand are hard to beat, leaving Ethereum in a prime position to continue its strong performance. Analysts are taking note:

• VanEck acknowledges the connection between Ethereum and growing crypto sectors, like tokenization and stablecoins (accounting for 62% of all stablecoin value transfer in 2025). It adds that Ethereum could ‘still emerge as a better store of value than Bitcoin.’
• Tom Lee of Fundstrat highlights the immense growth potential still available with Ethereum, noting that it is still ‘undersold’ from an institutional point of view. Some 48% of investor portfolios contain exposure to gold – only 9% to crypto.

It’s no surprise that while Standard Chartered thinks Ethereum will hit $7K, Fundstrat forecasts $10K to $15K in a far more ambitious prediction. And Standard Chartered shares the same long-term bullishness. It estimates that Ethereum could reach $25K by 2028.

A bullish Ethereum is a bullish altcoin market all round. If you’re thinking of investing in potentially explosive altcoins, Snorter Token ($SNORT), Best Token ($BEST), and Tron ($TRX) stand out as cryptos ready to make big moves.

1. Snorter Token ($SNORT) – Find, Trade, Win Solana-Based Meme Coins on Telegram

Snorter Token ($SNORT) is a utility-oriented meme coin powering Snorter Bot, a Telegram-native crypto trading bot engineered for lightning-fast sniping of meme coin launches on Solana (and eventually EVM-compatible chains).

It features MEV-resistant trade execution, rug-pull detection, copy trading, limit orders, and real-time portfolio tracking, all within Telegram.

What is $SNORT itself? The token, currently in presale, operates on both Solana and Ethereum as a multi-chain token. Early investors can stake tokens to earn an estimated 142% APY during the presale, disbursed over one year post-launch.

Snorter makes finding and sniping meme coins easier than ever, and for $SNORT token holders, the 0.85% fees are some of the lowest around.

Investors have poured over $3M into the presale already. The token price sits at $0.1011 right now, but our $SNORT price prediction shows it could reach $0.94 by the end of 2025, and $1.92 by the end of 2026 as Snorter expands the bot’s integration with Ethereum and EVM chains.

$SNORT blends the viral appeal of a meme coin with actual trading utility through Telegram. Sniff out those hidden meme coin gems, snipe them, and save big. Check out our How to buy $SNORT guide for more information.

Join the Snorter Token ($SNORT) presale today while its price is still low.

2. Best Wallet Token ($BEST) – Powerful Web3 Wallet Unlocks Crypto Presales

Best Wallet Token ($BEST) is the native utility token of Best Wallet, a rapidly growing non‑custodial multi‑chain crypto wallet. Security is top-notch, too, using a combination of advanced biometrics and Fireblocks’ MPC.

The $BEST token is powering Best Wallet’s mission to dominate 40% of the global crypto wallet market by the end of next year. And holding  $BEST means lower trading fees and higher staking rewards.

There’s also the chance for big wins, with access to the best crypto presales in Best Wallet’s upcoming tokens section.

You can also research projects, read whitepapers, and purchase tokens directly within Best Wallet.

Over $14.7M has been raised in the $BEST presale already. Tokens cost $0.025475, and our $BEST price prediction forecasts that could reach $0.072 by year’s end. Discover how to buy $BEST to get in early.

Ready to invest in $BEST? Head to the presale today.

3. TRON ($TRX) – Justin Sun’s Leading Stablecoin-Friendly Blockchain

TRON ($TRX) has been around the block(chain). Established by Justin Sun and launched via ICO in 2017, Tron operates as a decentralized, Proof-of-Stake smart contract blockchain, designed to support scalable, low-cost dApps.

TRON initially aimed to decentralize content sharing by allowing creators to monetize without intermediaries. Its evolution saw it migrate from Ethereum to its own network and grow into a thriving dApp ecosystem, with ongoing focus on speed, scalability, and user experience.

In recent years, however, Tron has also grown in importance as a home for stablecoins – in particular, Tether’s $USDT.

That has provided a degree of stability for Tron, while introducing a number of other use cases related to $USDT – cross-border settlements, payments, and more.

$TRX regularly ranks between the eighth and tenth spot by market cap among cryptos. This makes it a major player, but with plenty of room for growth.

You can find Tron ($TRX) on Binance right now.

Ethereum’s Road Ahead: Will Altcoin Season Follow?

With $ETH on the verge of fresh highs, the broader altcoin market stands poised to rally. As Ethereum retakes dominance and confidence rises, investors hope capital flows into smaller-cap altcoins, igniting altcoin season.

Among the big winners could be the likes of $SNORT and $BEST. As altcoins packed with utility, they have the potential to explode – especially as altcoin season appears imminent.

As always, though, do your own research. This isn’t financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

There are several TronLink wallets with USDT (TRC20), but no TRX.

So I’m trying to find the cheapest or cleverest way to do this.

Option 1: Only TRX (no energy rental) only, but expensive

Option 2: Rental Energy + Use Minimal TRX

And I heard there is a smart contract

Option 3: Use a smart contract My question:

1. What would you recommend as the cheapest and safest way to 2025?
2. Is there a way to completely drain my wallet to $0? Even if you get a quote, I think you’ll always have a dust TRX left in your wallet that you can’t transfer due to gas fees.

Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its last major resistance. Some analysts suggest that if bullish momentum continues, the altcoin will run to new highs once this level is recovered.

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Solana Attempts $180 Reclaim

As the crypto market capitalization nears the $4 trillion mark and Bitcoin (BTC) makes new all-time highs (ATHs), Solana, one of the leading altcoins of this cycle, is retesting crucial levels after climbing nearly 10% over the past week.

The cryptocurrency has been compressing between two key levels since the Q2 recovery, trading between the $140-$180 mark for over two months. However, last month’s geopolitical tensions saw SOL briefly lose its local range and retest the $120-$130 area.

Amid the July rally, Solana has reclaimed its local range, climbing to the upper boundary and attempting to break above key $180 resistance. Analyst Crypto Jelle noted that, just like Ethereum’s (ETH) $4,000 barrier, this area is the “final major level for bears to defend.”

This has been a key level during this cycle, serving as a major bounce area during the Q4 2024 and early 2025 rally. Additionally, it became the most crucial resistance after losing this area in late February, with multiple failed attempts to reclaim it over the past months.

Reclaiming this level could propel the token to the $200 mark and set the stage for a continuation to higher levels, the analyst affirmed. Meanwhile, market watcher Froggy highlighted that Solana retested this key zone on Friday, “signaling strong bullish intent.”

Nonetheless, the altcoin fell below this level after hitting its two-month high of $184, trading within the $177-179 price range for the past several hours. To the analyst, “as long as $168 holds, a move toward $186–$188 remains likely.”

SOL Preparing For Price Discovery?

According to Daan Crypto Trades, if SOL breaks above and holds the crucial level, the next area of interest would be around the $220 mark, followed by the $260 barrier.

The trader explained that SOL reclaimed the Daily 200 Moving Average (MA) and Exponential Moving Average (EMA) earlier this week, which led to the ongoing retest of the $180 area.

He also noted that memecoins are “running well” as SOL-based tokens in the sector have seen a 13.3% weekly increase, according to CoinGecko data. “That generally puts some bid behind SOL,” Daan said, adding that, “As long as memes run, I think SOL does too.”

Meanwhile, crypto analyst Alex Clay highlighted that the cryptocurrency has been in a bullish megaphone formation for over a year, and “Once Large Caps catch the Real Bull Run,” Solana will lead the market.

During this period, SOL has traded between the upper and the lower boundary, with its latest retest of the pattern’s support occurring in April. Since then, the cryptocurrency has bounced toward the mid-zone of the formation, holding the 50-day EMA, 100-day EMA, and 200-day EMA as dynamic support.

Related Reading

If it continues to move between the pattern’s boundaries, Solana could be poised for a breakout toward the megaphone’s ascending resistance, at around the $350 level. To the analyst, “Breakout of ATH and Price Discovery is inevitable,” with the initial targets sitting around $350-$400.

As of this writing, SOL trades at $177, a 2% increase in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com