BizwavemediaPersonal Finance and Crypto Updates

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Gold notched a fresh high of $3,508 in Asian trading on Tuesday, while Bitcoin surpassed $110,000 amid growing bets the Federal Reserve will cut rates at its upcoming September 17 meeting.

According to the FedWatch Tool, the probability of a quarter-point reduction has climbed to nearly 90%, up from 86% yesterday and 84% last week. The odds were last at this level on August 22, after Fed Chair Jerome Powell signaled that a cut could be on the table.

Bitcoin climbed from $107,500 to $110,500, lifting other crypto assets. Ethereum reclaimed $4,400, Solana traded back above $200, and other major tokens also advanced.

Total crypto market capitalization surged to $3.9 trillion, up slightly in the last 24 hours.

Analyst MacroScope views gold’s breakout as a bullish macro signal for Bitcoin. In April, when gold surged, Bitcoin briefly pulled back from $109,000 to $75,000 before diverging from other risk assets and soaring to record highs.

The analyst sees signs of a repeat pattern, with Bitcoin possibly dipping in the short term before staging another strong rally.

“Gold is screaming to be long BTC once this BTC retracement is done,” said MacroScope in a statement. “The last time this happened was below in April. Gold had just made a huge move to the 3400-3500 area. During that same time, BTC retraced from 109k to 75k.”

“The inflection point was a positive divergence by BTC from risk assets. BTC then ran to new highs. Current timing unknown. And maybe a different inflection point. We’ll see,” the analyst added.

Investors are awaiting a series of US economic releases that could sharpen expectations of Fed policy. The focus this week is on the August jobs report, the first full read on labor conditions since July’s revisions revealed weaker job growth than initially reported.

The August inflation print, scheduled for September 11, could further confirm whether rate cuts are imminent.

Beyond the numbers, investors are also keeping an eye on the ongoing legal and political developments at the Fed, including the Senate Banking Committee hearing for Stephen Miran, Trump’s nominee to the Fed Board, and the unresolved case of Fed governor Lisa Cook.

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A Bitcoin whale that recently made headlines for rotating its BTC stash into Ethereum has now accumulated 837,429 ETH worth roughly $3.7 billion, according to on-chain data from Lookonchain.

This Bitcoin OG has sold 4,000 $BTC($435M) and bought 96,859 $ETH ($433M) spot over the past 12 hours.

In total, he has bought 837,429 $ETH($3.85B).https://t.co/RAEzClsCvr pic.twitter.com/ZUSDL1cIRm

— Lookonchain (@lookonchain) August 31, 2025

On Sunday, the whale, associated with wallets containing $11 billion in Bitcoin that had been dormant for seven years, sold 4,000 BTC for $435 million and acquired 96,859 ETH. The investor’s latest move extends a series of rotations from Bitcoin into Ethereum that began after the dormant wallets were reactivated.

The transaction came amid heightened market volatility. Bitcoin slid to $107,700 on Sunday evening before recovering slightly above $108,000, putting the asset on track for a 5% loss in August, according to CoinGecko data.

Ether, while not immune to crypto market pressures, has outpaced Bitcoin this month. The second-largest crypto is trading near $4,424 at press time, up nearly 24% over the past 30 days.

Lookonchain also flagged activity from another whale, Longling Capital, known for buying low and selling high. The entity resumed its Ethereum accumulation on Saturday, purchasing 7,000 ETH for about $30.6 million.

Longling Capital, known for buying low and selling high, just bought 7,000 $ETH($30.67M) 3 hours ago.https://t.co/gzUlc23QKo pic.twitter.com/bomgQ0JX8O

— Lookonchain (@lookonchain) August 31, 2025

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Tokyo-listed game developer and publisher Gumi announced Friday its plan to purchase 2.5 billion Japanese yen (approximately $17 million) worth of XRP, expanding its digital asset holdings beyond Bitcoin.

After acquiring 1 billion yen ($6.6 million) worth of Bitcoin in early 2025, Gumi’s board of directors has approved the addition of Ripple’s native crypto asset to its balance sheet to expand its web3 and blockchain focus.

The company intends to execute the purchase between September 2025 and February 2026.

The Gumi team said the XRP decision is part of a long-term strategy to join the XRP ecosystem, which underpins international remittance and liquidity networks. The move also represents an opportunity to expand its revenue.

“XRP is a key asset to the international remittance and liquidity network strategy led by SBI Holdings. Given that SBI is our largest shareholder, XRP has extremely high strategic compatibility with the company,” as noted in a translated version of the Friday announcement.

SBI Holdings has a deep and longstanding connection with Ripple. The two entities have a joint venture called SBI Ripple Asia aimed at promoting blockchain-based payment infrastructure in Japan and across Asia.

Earlier this month, Ripple and SBI agreed to distribute Ripple’s RLUSD stablecoin in Japan, aiming to introduce a regulated and trusted stablecoin option for enterprises by early 2026.

The company said it plans to pursue a dual-asset strategy centered on Bitcoin and XRP, using Bitcoin for income and value stability while leveraging XRP’s financial utility to grow sector revenues and strengthen its blockchain business.

“In particular, the expanding real-world use of XRP in financial infrastructure such as cross-border payments and liquidity provision gives it significant importance as a medium- to long-term growth asset,” Gumi added.

The company said it will evaluate its crypto holdings at market value quarterly, with valuation gains and losses to be recorded in its income statement.

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PYTH, the native token of the Pyth Network, jumped 68% to $0.2 on Thursday after the US Department of Commerce said it had chosen Pyth and Chainlink to bring official economic and financial data on-chain.

According to CoinGecko data, the token has been trading under $0.5 since early 2025, after falling from its March 2024 peak of $1.2. It remains 84% below its record high.

Pyth Network is a decentralized oracle platform that provides high-fidelity, real-time financial data to blockchain applications. The PYTH token is mainly used for governance and incentivizing participants, including data providers, who contribute and maintain data accuracy within the network.

The DOC is working with Pyth Network and Chainlink to publish US macroeconomic statistics through its Bureau of Economic Analysis (BEA) across nine blockchain networks, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

Pyth described the partnership as a historic milestone, highlighting the US government’s embrace of decentralized infrastructure and cryptographic verification for public data. The company said the initiative advances transparency, efficiency, and American leadership in the digital economy.

Chainlink’s LINK token surged more than 7% after the announcement. The rally pushed the price close to $25 at the time of writing.

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Nvidia reported fiscal second-quarter earnings on Wednesday after the bell, delivering revenue of $46.7 billion and adjusted earnings of $1.05 per share. The results, which matched expectations, marked a 56% increase from the same quarter last year.

Despite the strong headline numbers, Nvidia shares fell about 3% after hours, according to Yahoo Finance data. The company guided fiscal third-quarter revenue to $54 billion, plus or minus 2 percent, which represents 51% growth compared to last year.

Nvidia’s data center division continued to drive results, generating $41.1 billion in revenue, up 56% year-over-year. The Blackwell architecture ramped across major customers, with networking revenue nearly doubling from last year. The company also disclosed no H20 chip sales to China in the quarter, underscoring the impact of US export restrictions.

Nvidia also ramped up shareholder returns, repurchasing $9.7 billion of stock in the quarter and distributing $244 million in cash dividends. On August 26, the board authorized an additional $60 billion in share buybacks with no expiration.

Bitcoin held flat near $112,000 after the results, recovering from a brief pre-earnings dip. A CoinDesk report earlier in the day noted BTC has risen in seven of the last ten Nvidia earnings since early 2023. Traders will be watching in the coming days to see if it reacts to Nvidia’s positive call.

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Cronos (CRO), the native asset of the Cronos blockchain, rallied close to 50% in 24 hours after Crypto.com and Trump Media & Technology Group revealed plans for a joint digital asset treasury company dedicated to acquiring the token.

The new entity, the Trump Media Group CRO Strategy, will be capitalized with $1 billion in CRO tokens, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit provided by Yorkville affiliate YA II PN.

Cronos also revealed on Tuesday its 2025-2026 roadmap, outlining three growth engines: infrastructure, distribution, and demand. The infrastructure initiative includes launching a tokenization platform for various assets, while the distribution strategy leverages Crypto.com’s network of over 150 million retail users.

The team highlighted that recent upgrades cut block times to 0.5 seconds and slashed gas fees tenfold, driving a 400% jump in daily transactions. By 2026, Cronos targets $20 billion in CRO via public markets, $10 billion in tokenized assets, and 20 million users.

“Blockchain must evolve from niche trading rails into a true financial infrastructure,” said Mirko Zhao, Head of Cronos Labs. “This roadmap is about tying tokenization, AI, and DeFi into one interoperable system that institutions and retail users alike can rely on.”

According to CoinGecko data, CRO advanced from around $0.16 to approximately $0.24 following the latest developments, with 24-hour trading volume surpassing $900 million.

The digital asset is still trading 74% below its record high of $0.96 set in November 2021, however.

Despite its high-profile partnership with Trump Media, Crypto.com has faced mounting scrutiny. On-chain investigator ZachXBT alleged the exchange concealed a major past incident shortly after it unveiled plans to deepen ties with Trump Media.

Critics have also faulted Crypto.com for reissuing 70 billion CRO tokens that were previously burned, a move seen as undermining community expectations of decentralization and transparency.

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Bitcoin climbed over 3% on Friday to trade above $116,000 as optimism in crypto markets picked up after Federal Reserve Chair Jerome Powell gave a cautious signal that the central bank could move toward lowering interest rates.

Speaking at the Fed’s Jackson Hole event, Powell noted that inflation is still “somewhat elevated” but has eased substantially from post-pandemic highs.

The Fed is facing a delicate balance, he said, with upside pressures on inflation and downside pressures on employment. He added that the current policy rate is closer to neutral and the labor market is stable, giving the Fed room to proceed cautiously.

“The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” Powell said.

“Monetary policy is not on a preset course. FOMC members will make these decisions based solely on their assessment of the data and its implications for the economic outlook and the balance of risks,” Powell stressed.

According to the central bank leader, tariffs could push inflation higher, but the base case is that price increases will be short-lived. The Fed remains vigilant against stagflation and is committed to its 2% inflation target.

Powell’s remarks quickly lifted crypto and stock markets as investors read the speech as more dovish than expected.

Bitcoin hit $116,000 after retreating below $112,000 earlier this week in anticipation of Powell’s hawkish stance, while other major crypto assets also moved higher following the speech.

Ethereum jumped 7% to $4,600. XRP, Solana, and Chainlink each gained over 6%, while Dogecoin and Cardano rose around 8% on the speech.

The total crypto market capitalization surpassed $4 trillion, rising by 2% in a day.

Traders are now overwhelmingly betting the Fed will deliver a quarter-point rate cut in September, with odds lifting to nearly 90% from just 75% in the previous session, according to FedWatch Tool data.

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