Day – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 12 Sep 2025 14:52:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.10 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Day – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 XRP Exchange Reserves Balloon 1.2 Billion In One Day, Why This Is Bearish For Price https://earlybirdsinvest.com/xrp-exchange-reserves-balloon-1-2-billion-in-one-day-why-this-is-bearish-for-price/ https://earlybirdsinvest.com/xrp-exchange-reserves-balloon-1-2-billion-in-one-day-why-this-is-bearish-for-price/#respond Fri, 12 Sep 2025 14:52:32 +0000 https://earlybirdsinvest.com/xrp-exchange-reserves-balloon-1-2-billion-in-one-day-why-this-is-bearish-for-price/

XRP Exchange reserves have surged by 1.2 billion in just a day, presenting a bearish outlook for the XRP price. This development comes as the token looks to hold above the psychological $3 level. 

XRP Exchange Reserves Increase By 1.2 Billion In Just A Day

A CryptoQuant analysis by CryptoOnchain revealed that XRP Exchange reserves jumped by 1.2 billion in a day across four crypto exchanges, with Binance leading the surge. Bithumb, Bybit, and OKX also experienced a major increase in their reserves, a development which CryptoOnchain noted shifted the volume of XRP’s reserves in an unprecedented manner. 

Related Reading

Binance saw its reserve holdings increase from around 2.928 billion XRP to 3.538 billion XRP, an increase of over 610 million XRP in a single day. Meanwhile, Bithumb saw its holdings increase from 1.647 billion to 2.519 billion, Bybit’s holdings increased from 188 million to 380 million XRP, and OKX’s XRP reserves jumped from 112,000 to 233 million. 

XRP
Source: Chart from CryptoQuant

This development is typically bearish, as an increase in crypto exchanges’ reserves indicates that investors are offloading their coins. This would also explain why XRP has underperformed in recent times and has struggled to hold above the psychological $3 price level. During this period, other altcoins like Solana and BNB have outperformed XRP, reaching new local highs.

Accumulation Rather Than Sell-offs

CryptoOnchain revealed that the increase in XRP Exchange reserves is a case of accumulation rather than the typical sell-offs. The analyst noted that the price chart indicates that this heavy accumulation occurred precisely at the key support level of around $2.73, a level that has previously prevented the altcoin from experiencing massive declines. 

Related Reading

The analyst then pointed to the RSI and MACD indicators a day after the increase in the XRP Exchange reserves, which shows a decrease in selling pressure on the token.CryptoOnchain explained that this could mean that the heavy buying by exchanges was aimed at accumulation rather than immediate injection into the market. 

CryptoOnchain also noted that the pattern of these large accumulations across the crypto exchanges and at a critical support level could be a sign of institutional coordination or an upcoming event. Notably, the XRP ETFs could launch next month, which would represent a significant development for the XRP price. 

The analyst stated that if the current support holds and buying volumes continue, the XRP price could rally to higher resistances at $3.34 and $3.58. However, CryptoOnchain warned that if the support is broken, selling pressure could turn the increase in XRP Exchange reserves into an opportunity for massive supply. 

At the time of writing, the XRP price is trading at around $3.06, up over 2% in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $3.04 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

]]> https://earlybirdsinvest.com/xrp-exchange-reserves-balloon-1-2-billion-in-one-day-why-this-is-bearish-for-price/feed/ 0 58078 I can’t believe my eyes: Amazon’s Labor Day sale slashes 18% OFF this top-rated Kindle e-reader https://earlybirdsinvest.com/i-cant-believe-my-eyes-amazons-labor-day-sale-slashes-18-off-this-top-rated-kindle-e-reader/ https://earlybirdsinvest.com/i-cant-believe-my-eyes-amazons-labor-day-sale-slashes-18-off-this-top-rated-kindle-e-reader/#respond Mon, 01 Sep 2025 02:14:59 +0000 https://earlybirdsinvest.com/i-cant-believe-my-eyes-amazons-labor-day-sale-slashes-18-off-this-top-rated-kindle-e-reader/

Hoping to jumpstart your reading goals this Labor Day weekend? Amazon’s Labor Day sale has you covered with a whopping 18% off the Amazon Kindle 16GB (2024) for a limited time. This e-reader was already relatively affordable, but this new deal makes the Kindle an absolute steal.

Beyond being the best entry-level Kindle e-reader on the market, the base model comes with most of the same useful features as the standard Paperwhite, including the 300 ppi display, a max brightness of 94 nits, and a 25-percent brighter front light than the device’s former generation model. It also comes with an upgraded battery that’s plenty for most users, especially compared to other options you’ll find for around $100.

It is worth noting that this deal is for the lockscreen ad edition of the Kindle, though buyers can spend a little more to get the configuration without these.

✅Recommended if: you’re looking for an affordable e-reader with a lightweight, easy-to-transport design; you want something that features both Bluetooth connectivity and USB-C charging; you want an e-reader with easy access to Audible for audiobooks.

❌Skip this deal if: you need something water-resistant and wouldn’t mind upgrading to Amazon’s premium-level Kindles; you want a Kindle with an adjustable warm light rather than the standard backlight included on the base model; you’re looking for an e-reader with a larger screen than the average model.

While the 2024 edition of the entry-level Kindle included many upgrades over the 2022 Kindle, it still bears a similarly lightweight, portable build that makes it perfect for slipping into a backpack for on-the-go use. It also came with sizable upgrades to page turning speeds, contrast ratio, and a 25-percent brighter screen at maximum settings.

Amazon says you can get up to six weeks of battery life per charge with the base Kindle model, and it also comes with 16GB of onboard storage for thousands of titles at a time.

]]> https://earlybirdsinvest.com/i-cant-believe-my-eyes-amazons-labor-day-sale-slashes-18-off-this-top-rated-kindle-e-reader/feed/ 0 56138 AAVE Leads Top 40 Cryptocurrencies With 19% Surge in One Day — Here’s What’s Driving It https://earlybirdsinvest.com/aave-leads-top-40-cryptocurrencies-with-19-surge-in-one-day-heres-whats-driving-it/ https://earlybirdsinvest.com/aave-leads-top-40-cryptocurrencies-with-19-surge-in-one-day-heres-whats-driving-it/#respond Sat, 23 Aug 2025 14:46:26 +0000 https://earlybirdsinvest.com/aave-leads-top-40-cryptocurrencies-with-19-surge-in-one-day-heres-whats-driving-it/

AAVE surged nearly 19% to $355 over the past 24 hours, according to CoinDesk Data, leading the top 40 cryptocurrencies by percentage daily gain as investors responded to its recent Aptos expansion and Federal Reserve Chair Jerome Powell’s dovish remarks.

What Aave is and why it matters

Aave is a decentralized finance protocol that lets users lend and borrow cryptocurrencies without intermediaries. Loans are managed by smart contracts, with borrowers required to post collateral valued above their loans.

The AAVE token underpins this system. It can be staked to support security and earn rewards, used as collateral for borrowing and grants holders governance rights. In return, tokenholders gain voting power and fee benefits, making AAVE central to protocol operations.

Aptos expansion

On Aug. 21, Aave Labs announced that Aave V3 had gone live on Aptos, its first deployment on a non-EVM blockchain. Developers rewrote the codebase in the Move language, rebuilt the user interface and adapted the protocol for the Aptos virtual machine.

The launch was supported by audits, a mainnet capture-the-flag competition, and a $500,000 bug bounty. The first market supports assets including APT, sUSDe, USDT and USDC, with supply and borrow caps to be raised gradually. Chaos Labs and Llama Risk conducted risk assessments, and Chainlink provided price feeds.

Aave Labs founder and CEO Stani Kulechov called the launch “an incredible milestone,” highlighting the shift beyond EVM chains after five years of exclusivity.

Jerome Powell’s Jackson Hole speech

Fed Chair Jerome Powell’s speech on Friday morning at the Jackson Hole Economic Policy Symposium added momentum. Powell said the balance of risks between inflation and employment had shifted, signaling that interest rate cuts could begin in September.

Markets viewed his remarks as dovish, with CME FedWatch data showing expectations for a quarter-point cut in September rising to 83% from 75% earlier in the week. U.S. eequities and crypto have rallied broadly since Powell’s speech, with AAVE among the biggest movers.

WLFI exposure resurfaces

Another factor analysts say may not be fully priced in is Aave’s stake in World Liberty Financial (WLFI). In October 2024, WLFI proposed launching its own Aave V3 instance on Ethereum mainnet. As part of the arrangement, AaveDAO was allocated 20% of WLFI’s protocol fees and 7% of its governance tokens.

Simon, an analyst at Delphi Digital, noted on Saturday that with WLFI’s token set to begin trading Sept. 1 at an implied $27.3 billion valuation, Aave’s allocation could be worth around $1.9 billion — more than a third of its current $5 billion fully diluted valuation. He argued that this exposure may be contributing to AAVE’s rally, even if investors are only now revisiting its significance.

Technical analysis highlights

  • According to CoinDesk Research’s technical analysis data model, AAVE posted significant gains during the 24-hour trading period from Aug. 22 at 12:00 UTC to Aug. 23 at 11:00 UTC, climbing from $297.75 to $353.22 — an 18.65% increase that reflects growing confidence in the platform’s expansion strategy.
  • The digital asset traded within a $62.11 range, fluctuating between $294.50 and $356.60, with the most pronounced price movement occurring at 14:00 UTC on Aug. 22 when trading volume reached 340,907 units, significantly exceeding the daily average of 102,554 units.
  • Sustained buying pressure was observed during the final hour of the analysis period from 10:49 UTC to 11:48 UTC on Aug. 23, with AAVE advancing from $349.61 to $353.79.
  • Trading volumes consistently exceeded 3,000 units during key price levels at $352.55, $353.98, and $355.52, compared to the session average of 1,647 units, indicating what market participants describe as methodical institutional positioning.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

]]> https://earlybirdsinvest.com/aave-leads-top-40-cryptocurrencies-with-19-surge-in-one-day-heres-whats-driving-it/feed/ 0 54739 Labor Day deals start early at Best Buy, with 50% OFF this top-rated Acer Chromebook and protective case bundle https://earlybirdsinvest.com/labor-day-deals-start-early-at-best-buy-with-50-off-this-top-rated-acer-chromebook-and-protective-case-bundle/ https://earlybirdsinvest.com/labor-day-deals-start-early-at-best-buy-with-50-off-this-top-rated-acer-chromebook-and-protective-case-bundle/#respond Fri, 22 Aug 2025 16:20:27 +0000 https://earlybirdsinvest.com/labor-day-deals-start-early-at-best-buy-with-50-off-this-top-rated-acer-chromebook-and-protective-case-bundle/

Back to school laptop deals are still running, even as some have already started classes again. As part of Best Buy’s early Labor Day sale, the retailer has chopped $150 off the Acer Chromebook 315 laptop, and it’s offering a free carrying sleeve with purchase. The Chromebook 315 model features a 15.6-inch IPS display, 64GB of storage, and a microSD slot for those who need more. It also comes with a 720p front-facing camera, making it suitable for virtual meetings and classes, and other video call use cases.

However, if you’re in the market for a 2-in-1 tablet-laptop combo, we think the Acer Chromebook 714 Spin Plus is the best Chromebook available today, and in no small part due to its versatility. This might be a good pick if you need something with a touchscreen and stylus capabilities, though the 315 should be great for casual users who primarily use a keyboard.

✅Recommended if: you need a basic Chromebook, netbook, or other laptop for school, work or web-browsing that’s under $150; you want something small and lightweight with a laptop sleeve for optimal on-the-go use; you like laptops with screens around this size.

❌Skip this deal if: you’re looking for a performance machine for processing-intensive gaming, video, photo, or audio editing; you’d rather upgrade to the Acer Chromebook 315 Plus; you’re looking for the latest generation in laptop offerings.

Acer’s Chromebook 315 was released a while back now, but even its basic specs still hold up for most casual users—especially for just $150.

The Acer Chromebook 315 offers a larger IPS screen than the 311 or 314 models at 15.6 inches. Performance on this particular model is backed by an Intel Celeron N4500 and 4GB of RAM, so it’s nothing too special but will get the job done for most basic-level tasks, web browsing, and streaming.

Still, like many of Chromebook’s netbook-style laptops, the 315 includes the light and quick Chrome OS and expandable storage, which makes it worthwhile for most. Acer also says users can get up to 10 hours of battery life per charge, and it boasts a thin, lightweight design that makes it highly portable.

As for connectivity, the laptop includes two USB-A 3.2 Gen 1 ports, two USB-C ports, a microSD card reader, and a 3.5mm port for headphones, headsets, and microphones.

Top Google Pixel 10 deals for release week

]]> https://earlybirdsinvest.com/labor-day-deals-start-early-at-best-buy-with-50-off-this-top-rated-acer-chromebook-and-protective-case-bundle/feed/ 0 54566 Day Trading Cryptocurrencies on IQ Option https://earlybirdsinvest.com/day-trading-cryptocurrencies-on-iq-option/ https://earlybirdsinvest.com/day-trading-cryptocurrencies-on-iq-option/#respond Thu, 21 Aug 2025 23:21:34 +0000 https://earlybirdsinvest.com/day-trading-cryptocurrencies-on-iq-option/

Cryptocurrencies, being the volatile assets they are, may offer many opportunities to traders, especially since they gain more and more official recognition. However, high volatility means high risk, so it is understandable that some traders may choose to abstain from actually purchasing cryptos, as it might be an expensive and extremely unstable investment. Fortunately, you can day trade crypto assets on the IQ Option platform, and it can be an option to consider for those seeking quicker results and lower investment costs. Let’s see how it works and where to begin.

On IQ Option, traders have the opportunity to trade CFDs on cryptocurrencies. This means that you can make a prediction about the direction of a crypto’s price and trade it within the day, instead of purchasing specific and often pricy coins and holding them, waiting for what’s to come.

Day trading with CFDs on cryptos may be a considerable endeavor, although it has its risks and limitations, too. In order to day trade CFDs on cryptocurrencies, one needs to decide on the strategy, investment capital they will be using as well as risk management tools.

Before you decide to day trade crypto, it is necessary to weigh the pros and cons of this type of trading and see why it might be appealing to some and unsuitable for others.

Pros:

  • Lower costs in comparison to purchasing: there is no need to buy the coin itself and the investment amount can be much lower;
  • Availability of a multiplier: traders can use a multiplier in order to trade with a larger amount than they actually own;
  • Short timeframes: all deals are opened and closed within the same day, so almost no wait is required to see the outcomes;
  • Many available intraday approaches;
  • Flexibility with assets: traders can operate on several cryptos at the same time and open as many deals as they want.

Cons:

  • Extremely volatile assets may be risky to trade on short timeframes;
  • In comparison to long-term investing, the returns from day trading may be significantly lower;
  • The use of multiplier increases the risk of a deal closing faster and leaving the trader with a higher loss;
  • It is necessary to stay on top of financial and technical analysis every day to make the right trading decisions;
  • Day trading may provoke undesirable trading behaviour like emotional trading, so strict risk management is obligatory.

Some of the well-known day trading strategies include scalping, news trading and breakout. All of these approaches are described in detail in our article 5 Most Common Trading Strategies You Need to Know. 

In order to exercise day trading strategies on CFDs on cryptos, first of all, it is important to abide by the following points:

  • All deals are exercised within the same day: no positions are transferred to the next day in order to avoid overnight fees.
  • Prioritize volatile assets: since your trade time is limited, aim at the cryptos you may consider most promising.
  • Check the news: anything important that might swing the crypto market today? Use the knowledge to your advantage.
  • Multiplier: use it to increase the volume of your trade, but do not forget that the risks are also amplified.
  • Set strict limits: take profit, stop loss levels and a certain investment amount limit are the basics of strong risk management.

Example

An example of intraday trading conditions can be seen below. In this example, 30-minute candlesticks are used and a deal can be opened after a selling signal is received from the Alligator indicator. 

An example of intraday crypto trading 

A stop loss is placed at the level of the previous high in order to protect the capital in case of a trend reversal. The deal is closed when the stop loss or take profit level is triggered or manually at the end of the day. As was mentioned, an intraday cryptocurrency trade is not transferred to the next day.

Conclusion 

Day trading with CFDs on cryptocurrencies may be many trader’s choice, since it has many pros: fast execution, immediate outcomes and no overnight fees. However, it is important to exercise it with caution and understand the risks associated with any strategy to day trade crypto and other assets.

]]> https://earlybirdsinvest.com/day-trading-cryptocurrencies-on-iq-option/feed/ 0 54450 US Ethereum ETFs face second-largest outflow of $196.6 million in a day https://earlybirdsinvest.com/us-ethereum-etfs-face-second-largest-outflow-of-196-6-million-in-a-day/ https://earlybirdsinvest.com/us-ethereum-etfs-face-second-largest-outflow-of-196-6-million-in-a-day/#respond Tue, 19 Aug 2025 09:03:55 +0000 https://earlybirdsinvest.com/us-ethereum-etfs-face-second-largest-outflow-of-196-6-million-in-a-day/

US spot Ethereum exchange-traded funds (ETFs) saw heavy redemptions on Aug. 18, with investors pulling $196.6 million in a single day.

Data from SoSoValue showed that this was the second-largest daily outflow since the products debuted and the fourth outflow this month.

According to the data, most of the day’s losses came from the two largest issuers. BlackRock’s ETHA accounted for the biggest drop, with around 20,000 ETH, or $86.9 million, leaving the product. Fidelity’s FETH trailed closely, seeing redemptions worth $78.4 million.

Ethereum ETFs Flow
Ethereum ETFs Flow in August (Source: SoSo Value)

Meanwhile, other issuers also recorded outflows, though on a smaller scale.

Grayscale’s Ethereum fund lost $18.7 million, Franklin Templeton’s EZET shed $6.6 million, VanEck’s ETHV saw $4.8 million in withdrawals, and Bitwise’s ETHW dropped by about $1 million.

The setback comes after an eight-day inflow streak during which investors added more than $3.7 billion to Ethereum ETFs.

However, despite the latest reversal, overall market momentum remains firmly positive.

According to SoSoValue data, cumulative net inflows into US Ethereum ETFs now exceed $12 billion, most of which have arrived over the past two months as institutional adoption has accelerated.

Together, the funds hold about $27.7 billion in assets under management, representing 5.34% of Ethereum’s total market capitalization.

]]> https://earlybirdsinvest.com/us-ethereum-etfs-face-second-largest-outflow-of-196-6-million-in-a-day/feed/ 0 53970 Bitfinex Whale buys $300 BTC per day during crypto market crash https://earlybirdsinvest.com/bitfinex-whale-buys-300-btc-per-day-during-crypto-market-crash/ https://earlybirdsinvest.com/bitfinex-whale-buys-300-btc-per-day-during-crypto-market-crash/#respond Mon, 04 Aug 2025 08:45:23 +0000 https://earlybirdsinvest.com/bitfinex-whale-buys-300-btc-per-day-during-crypto-market-crash/

The Crypto market is behind after Bitcoin fell below the $113,000 threshold, with trading volumes exceeding 21% over the past 24 hours.

Also, community emotions are being pushed into the bare zone as fear and greedy indicators recede in neutral.

Despite the looming trend, one Bitfinex Whale decided this was the right time to invest and began gobbling Bitcoin at a rate of 300 a day.

Blockstream CEO Adam Back was the one who pointed it out, and at the same time reminded the community that the same whale was getting $BTC at a rate of 1,000 a day in February.

Post by Adam Back X.

This type of investment in the crypto market is “buying the Dip” written above in preparation for even larger bulls.

Market drops when Eric Trump presses the message “Buy Dip”

Eric Trump joins the “buy dip” crowd by sending a loud, clear message with X.

Eric posted a message that Bitcoin was sinking to $112,724, showing immortal confidence in his ability to bounce Bitcoin’s bounce. This was expected given that Eric Trump’s Bitcoin stock would be $367 million thick.

This is the direct result of the merger between American Bitcoin Corp. and Gryphon Digital Mining, which will allow Eric Trump to access more than 367 million shares.

The transaction is scheduled to be approved by shareholders on August 27, 2025 and at 10am.

The merger announced on July 29th will make Eric Trump one of the wealthiest individuals in the crypto zone.

But why is the crypto market retreating?

The most obvious reason is that Trump’s tariff suspension will end on Friday. This puts pressure on the global economic system again.

On the bright side, trade agreements have lowered tariffs for our trading partners, especially in countries such as the UK, Vietnam, Indonesia and the EU.

Tariffs on US trading partners

Nevertheless, a sense of economic uncertainty and confusion ultimately benefits the crypto market.

This means that when Bitcoin bounces back, a revival of the code is expected. At that point, projects like Snorter Token ($Snort) will be top gain thanks to blockchain utilities.

Why Snorter Token ($Snort) is the best for opportunistic investors

Snorter Token ($Snort) is the perfect ecosystem for opportunistic investors thanks to Snorter Bot, the best sniper friend of traders.

The Snorter Bot is the ideal solution for manual coin hunting. This is usually ineffective and is subject to scams such as honeypots and rug pulls. The bot works around these issues as follows:

  • Establish real-time alerts to protect against suspicious projects
  • After fluidity appears, snipe a hot token in milliseconds. So there’s no lost opportunity
  • Works only with Telegram Chat, eliminating the need for multiple wallets, plugins and browser extensions

Snorter Token Presale page.

Copy trading perks are also great for replicating proven strategies to increase your chances of success.

All of these benefits recommend Snorter Token ($Snort) as the best choice for opportunistic traders who lack the time and know-how to actively engage in the market. With Snorter Token, you can adjust the Aardvark bot according to your needs and pass the sniper rifle to loosen it.

$Snort is currently still on pre-sale with a $2.7 million cash pool and growth and a token price of $0.1001.

So if you want to participate in the project, you need to do it while $Snort is still at the pre-sale price. Following the project’s utility and mainstream adoption after launch, $Snort could experience a massive chart boost in 2025.

You can visit our pre-sale page now and buy $Snort.

When will the crypto market recover?

Bitcoin has already surpassed its $114,000 threshold and 24-hour growth rate by 0.55%, so it’s safe to say the market is already receding.

It’s too early to say whether this is a small uplift or a sign of sustained climbing, but one thing is for sure, Bitcoin will bounce back. And if you do that, you should expect a new ATH, following July’s $123,153.22.

That’s when utility-based projects like Snorter Token ($Snort) can also see a surge in investors.

This is not financial advice. Do your own research (dyor), manage your risk appropriately, and invest wisely.

]]> https://earlybirdsinvest.com/bitfinex-whale-buys-300-btc-per-day-during-crypto-market-crash/feed/ 0 51389 Billionaire Bill Miller IV says Ethereum and Solana won’t win ‘at the end of the day’ https://earlybirdsinvest.com/billionaire-bill-miller-iv-says-ethereum-and-solana-wont-win-at-the-end-of-the-day/ https://earlybirdsinvest.com/billionaire-bill-miller-iv-says-ethereum-and-solana-wont-win-at-the-end-of-the-day/#respond Tue, 29 Jul 2025 20:34:32 +0000 https://earlybirdsinvest.com/billionaire-bill-miller-iv-says-ethereum-and-solana-wont-win-at-the-end-of-the-day/

Billionaire Bill Miller IV says proof‑of‑stake blockchains such as Ethereum and Solana are unlikely to “win at the end of the day,” arguing that Bitcoin’s proof‑of‑work design confers a durability other networks can’t match. 

In a July 28 interview with CNBC’s “Closing Bell,” the billionaire investor said recent US policy moves may give proof‑of‑stake assets a short‑term boost, but not a lasting edge over Bitcoin.

Miller assessed how market structure proposals define decentralization:

“If you look at the way the legislation [the CLARITY Act] was written, it allows technologies like Ethereum and Solana blockchains to be classified as ‘decentralized,’ when they are actually not.” 

He added that if those chains launched today, “they would go through a much different process.”

His core objection is governance, describing proof of stake as whoever has a big stake in the blockchain gets to “say what happens.” 

In Miller’s view, “that’s exactly how society works today, it’s not really a technological revolution.” By contrast, he called Bitcoin’s proof‑of‑work consensus “a game‑changing technology,” arguing that the energy cost tied to creating new bitcoin underpins network integrity rather than entrenching large token holders.

Regulatory-driven rally

Miller linked recent market gains in Ethereum to Washington’s policy calendar, pointing to the signing of the GENIUS Act and the advance of the CLARITY Act. 

President Donald Trump signed the GENIUS Act into law on July 18, creating the first federal framework for dollar‑backed stablecoins. 

The House cleared it on July 17 after bundling it procedurally with CLARITY and an Anti‑CBDC measure the prior day. The Senate then approved the consolidated version before the bill went to the White House. 

While CLARITY moved as part of that package to speed floor action, the enrollable text that ultimately became law was the GENIUS stablecoin framework. 

Miller’s point is that policy momentum can lift assets based on proof of stake, but he doubts it alters the long‑run race with Bitcoin. He added:

“People need to start thinking what problems these various blockchains solve. And the answer is: most of them actually don’t solve any real problems except for Bitcoin.”

Solving accountability

He framed Bitcoin as a solution to monetary accountability, mentioning its transparent and immutable ledger as a way to audit “who owns what” and where funds are flowing.

Other chains, in his view, don’t solve an additional problem that Bitcoin hasn’t already addressed, and they lack its liquidity and first‑mover momentum.

That thesis extends to corporate balance sheets: 

“It’s my take that in 20 or 30 years, every company will be a Bitcoin treasury company.” 

Furthermore, the billionaire predicted that bond managers buying “Bitcoin‑regulated bonds” and equity managers adding Bitcoin‑linked exposures will outperform peers who don’t. 

Miller concluded that it “remains to be seen” whether proof-of-stake technology can deliver a lasting advantage.

Mentioned in this article
]]> https://earlybirdsinvest.com/billionaire-bill-miller-iv-says-ethereum-and-solana-wont-win-at-the-end-of-the-day/feed/ 0 50362 “1 BTC Per Day” Is Over: IMF Reveals El Salvador Halted Bitcoin Buys Since February https://earlybirdsinvest.com/1-btc-per-day-is-over-imf-reveals-el-salvador-halted-bitcoin-buys-since-february/ https://earlybirdsinvest.com/1-btc-per-day-is-over-imf-reveals-el-salvador-halted-bitcoin-buys-since-february/#respond Mon, 21 Jul 2025 12:36:25 +0000 https://earlybirdsinvest.com/1-btc-per-day-is-over-imf-reveals-el-salvador-halted-bitcoin-buys-since-february/

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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“1 BTC Per Day” Is Over: IMF Reveals El Salvador Halted Bitcoin Buys Since February

El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

IMF Lauds El Salvador’s Bitcoin Reforms, Confirms Policy Shift

A letter signed by Central Bank President Douglas Pablo Rodríguez Fuentes and Finance Minister Jerson Rogelio Posada Molina confirmed that “the stock of Bitcoins held by the public sector remains unchanged.”

The IMF report also revealed that El Salvador is moving to scale back its public involvement in Bitcoin-related services. One of the key changes includes reducing the role of the Chivo wallet, the state-backed digital asset platform, and ultimately ending its operation by July 2025.

The Chivo wallet, once promoted as a centerpiece of the country’s Bitcoin adoption, will be shut down from public control, and the IMF clarified that while the wallet will remain operational, it must be fully privatized and no longer run on government funds.

The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

According to the El Salvador Bitcoin Office, El Salvador currently holds about 6,244 BTC, worth roughly $742 million.

While some reports suggested an 8 BTC increase last week, the IMF attributes this to technical accounting, not fresh buys.

The IMF praised the updated Bitcoin policy for reducing fiscal risk and strengthening transparency. It said these steps were helping to stabilize inflation and restore macroeconomic stability in the country.

Official vs. On-Chain: The Bitcoin Mystery Behind El Salvador’s Treasury

Despite growing public interest in sovereign Bitcoin reserves, the IMF is pushing El Salvador to treat BTC as a financial asset with risk exposure, not as a currency.

As part of the agreement, Bitcoin is no longer considered mandatory legal tender.

While the Salvadoran government insists it is still “stacking sats,” the IMF’s statement indicates otherwise. The divergence in interpretation has added fuel to a broader debate around sovereign BTC holdings.

Some blockchain analysts, including firms like Arkham, have observed steady 1 BTC per day transfers from exchanges like Binance and Bitfinex to addresses reportedly linked to the Salvadoran government. Still, whether these are official purchases or private transactions remains unclear.

Other governments and companies continue to expand their Bitcoin treasuries. Japan’s Metaplanet recently acquired 797 Bitcoin for $93.6 million. On Tuesday, the firm announced plans to purchase a digital bank to expand its crypto services.

Meanwhile, The Blockchain Group in France and the UK’s Smarter Web Company added over 340 BTC combined. Strategy, the first Bitcoin treasury company, posted $14 billion in unrealized gains in Q2 2025.

Compared to this international trend, El Salvador’s quiet pause signals a shift. The IMF is scheduled to conduct further reviews in September and December 2025 to track compliance.

For now, El Salvador’s public BTC balance appears to be holding steady, with no new government-funded purchases. The IMF says the country is sticking to its agreement. The Bukele administration says otherwise.

With Bitcoin’s price nearing record highs, the divide between official reporting and on-chain speculation is likely to grow. The next few months may prove decisive in shaping the future of sovereign crypto strategy.


]]> https://earlybirdsinvest.com/1-btc-per-day-is-over-imf-reveals-el-salvador-halted-bitcoin-buys-since-february/feed/ 0 48881 Is NFT Mania Coming Back? Sector Adds $1 Billion in a Day https://earlybirdsinvest.com/is-nft-mania-coming-back-sector-adds-1-billion-in-a-day/ https://earlybirdsinvest.com/is-nft-mania-coming-back-sector-adds-1-billion-in-a-day/#respond Mon, 21 Jul 2025 08:21:10 +0000 https://earlybirdsinvest.com/is-nft-mania-coming-back-sector-adds-1-billion-in-a-day/

NTFs are seeing what could be the start of a market revival as their market capitalization surges on the day.

The big move was observed by crypto analytics platform CoinGecko, which reported a market cap jump from $5.1 billion to $6 billion.

At the time of writing, NFT market capitalization had gained more than 20% over the past 24 hours and was at $6.3 billion, with a massive 287% spike in daily trading volume to $37.4 million, reported to CoinGecko.

NFT sales have been in the doldrums since their peak in early 2022.

NFT Culture Revival?

The CryptoPunks collection was leading the charge with a 16% spike in floor price to 47.5 ETH, or around $179,000. According to CryptoSlam, the collection has seen more than $14 million in sales over the past 24 hours.

The second most popular NFT collection is Pudgy Penguins, which has seen a 15% spike in floor prices to 16.6 ETH, $5.7 million in daily volume, and $3.2 million in daily sales.

Other Ethereum-based NFTs, such as Infinex Patrons and Bored Ape Yacht Club, saw more than 9% increases in their floor prices and market caps.

Meanwhile, YOU THE REAL MVP, a private group of 420 Memeland NFTs, surged a whopping 1,280% with floor prices pumping to 69 ETH.

“NFTs are moving like there are NFT treasury vehicles on the horizon,” commented Blockworks co-founder Jason Yanowitz.

The resurgence could be correlated with Ethereum’s recent price pumps, suggested some collectors and experts.

Chairman of Animoca Brands Yat Siu observed that the last time ETH peaked in late 2021 was also “NFT season.” “If NFTs on ETH roar back, we will reach new ATH beyond the pure financial plays,” he added.

“NFTs are the backbone of the Ethereum cultural economy, much more than just financial, it’s about culture, status, and ultimately belonging.”

Ethereum On A Rip

Ethereum prices have been on a tear lately, which is good news for NFTs priced in ETH. The asset has cranked 55% over the past month, waking up from months of slumber as corporate treasuries and institutional investment funds have been loading up.

ETH tapped its highest price since mid-December this weekend, reaching $3,814 before retreating slightly on Monday morning.

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