DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog

Peter Schiff Urges Investors to Sell Bitcoin Amidst Bearish Price Action

By
Ojukwu Emmanuel
-
0

Longtime gold advocate and Bitcoin critic Peter Schiff has once again called on investors to sell Bitcoin.

Schiff argued that the cryptocurrency is moving in the opposite direction of gold and that recent actions by Strategy (formerly MicroStrategy) highlight fundamental weaknesses in the digital asset.

In a post on X, Schiff said, “Sell MSTR and sell Bitcoin now.” He pointed to Strategy’s repeated sales of Bitcoin to raise dollars, claiming this shows lenders prefer traditional fiat money as collateral over Bitcoin.

“It seems Saylor has given up on the idea of digital credit,” he wrote, noting that Strategy is “consistently selling Bitcoin now to buy dollars.”

Schiff has consistently argued that Bitcoin lacks intrinsic value and functions more as a speculative bubble than a store of value or “digital gold.”

Recall that he framed Bitcoin as “anti-gold”, arguing that the crypto asset moves in the opposite direction.

In his view, capital rotating into gold as a safe-haven or inflation hedge frequently comes at Bitcoin’s expense, turning the digital asset into a vehicle for betting against the metal.

Schiff’s recent comment urging investors to sell Bitcoin, comes as the crypto asset slipped below $63,000 sparking a wave of liquidations across the cryptocurrency market.

The sharp dip forced leveraged traders who had bet on further upside to automatically close their positions. At the time of reporting, BTC is at $63,047, as traders continue to monitor open interest and funding rates for signs of further volatility. Bitcoin short-term holders are reportedly keen to sell into range highs as they seek to break even on their investment.

Crypto analyst Benjamin Cowen said Bitcoin’s next 60 days could determine how the current bear market ultimately plays out. He highlighted August and September as historically difficult months, particularly during U.S. midterm election years.

Bitwise Chief Investment Officer Matt Hougan said Bitcoin refusing to react to bad news, including BTC sales by Strategy and CLARITY Act delays, is one of the clearest signs the cryptocurrency winter is ending.

Polymarket currently assigns only a 9% chance of Bitcoin hitting $100,000 and beyond this year, down from a high of 91% in January.

Amidst price predictions, Schiff’s latest comments, reinforce the view portraying the current divergence between gold’s strength and Bitcoin’s relative weakness as evidence that capital is rotating back toward traditional hard assets.

His warnings are not new as he has repeatedly advised selling Bitcoin during both rallies and downturns. Whether this latest call marks a meaningful shift in market dynamics or another chapter in his ongoing critique remains a point of debate among investors.

Outlook

Bitcoin’s near-term outlook remains mixed as traders weigh weakening price momentum against signs that the broader crypto market may still have underlying strength.

A sustained break below the $63,000 level could expose Bitcoin to further downside, particularly if leveraged positions continue to unwind and short-term holders increase selling pressure.

However, Bitcoin’s ability to absorb negative catalysts including Strategy’s recent BTC sales and delays surrounding U.S. crypto legislation could suggest that selling pressure is already being priced into the market.

For now, investors are likely to focus on Bitcoin’s ability to hold the $63,000 area, changes in open interest and funding rates, institutional buying activity, and movements in gold.

A decisive move in either direction could provide a clearer signal about whether the current pullback is a temporary correction or the beginning of a deeper market downturn.

Citi Bank Calls for Senate to Pass the Crypto Clarity Act

By
Ojukwu Emmanuel
-
0

Citibank, a leading global bank has joined the growing list of financial institutions calling for greater regulatory clarity in the U.S. crypto market, urging the Senate to advance the Crypto Clarity Act.

The bank’s CEO Jane Fraser has publicly backed passage of the Digital Asset Market Clarity Act, known as the CLARITY Act, while urging lawmakers to refine key provisions.

In a recent interview with Fox Business, Fraser stated that although Citigroup continues to push for improvements, “we would like to see a good bill go through” and that such legislation “would be excellent for the system.”

Her comment comes after the Commodity Futures Trading Commission has disclosed its readiness to move forward with cryptocurrency regulations using its existing authorities if Congress does not pass the long-awaited Digital Asset Market Clarity Act.

CFTC Chair Michael Selig has repeatedly signaled that regulators will not wait indefinitely. This week, a CFTC spokesperson reinforced the position, stating the agency “stands ready to protect America’s leadership in financial markets and ensure it remains the crypto capital of the world,” citing the costs of prolonged regulatory uncertainty under previous administrations.

The Clarity Act seeks to establish the first comprehensive federal regulatory framework for digital assets in the United States.

It aims to clarify which digital assets qualify as securities under the Securities and Exchange Commission and which qualify as digital commodities under the Commodity Futures Trading Commission, ending years of regulatory ambiguity that has constrained institutional participation and innovation.

The House of Representatives passed its version of the bill in July 2025 by a bipartisan vote of 294-134. The Senate Banking Committee advanced an amended version in May 2026 on a 15-9 bipartisan vote, and the measure was later placed on the Senate legislative calendar.

Despite this progress, the bill has faced repeated delays. Senate leadership did not schedule a floor vote before the August 2026 recess; instead, it filed a cloture motion that sets up a procedural vote in mid-September, when lawmakers return.

The compressed calendar ahead of the midterm elections leaves limited time to resolve remaining disagreements and secure the 60 votes needed to advance the measure.

A bipartisan compromise in the current text would prohibit platforms from paying rewards simply for holding stablecoins while allowing incentives tied to transactions or payments.

Banks, including Citi, remain concerned that even limited rewards could draw deposits away from traditional lenders, reducing their capacity to extend credit particularly in communities less served by crypto firms or large banks.

Citibank CEO Fraser specifically warned that a reward system on deposits “could have a detrimental impact on their deposits, and therefore their ability to provide lending and access to credit.”

Her comments place Citi in a more supportive posture than some other major banks that have voiced stronger opposition.

The bank’s CEO endorsement underscores growing recognition among traditional financial institutions that clear rules for digital assets could strengthen the overall financial system, even as negotiations continue over the precise details of stablecoin treatment, decentralized finance protections, ethics provisions for public officials, and other technical issues.

Notably, American multinational banking institution JPMorgan, has issued a stark warning to US lawmakers, stating that continued delays in passing the Clarity Act, pose an increasing threat to the country’s crypto industry and broader financial innovation.

The banking giant emphasized that the longer approval of the legislation is postponed, the greater the potential damage to crypto markets.

Looking Ahead

The outlook for the CLARITY Act remains cautiously optimistic, but significant hurdles remain before it can become law.

If the Senate succeeds in advancing the legislation when lawmakers return in September, negotiations with the House could accelerate, particularly given growing support from major financial institutions such as Citi and JPMorgan.

Passage would mark a major shift in the U.S. digital asset market by providing clearer boundaries between the SEC and CFTC and giving crypto businesses greater certainty over which rules apply to their activities.

It could also encourage more banks and institutional investors to participate in the sector, while creating clearer compliance obligations for exchanges, brokers, and other digital asset firms

RedotPay Delays IPO Amid Binance Regulatory and Legal Challenges

By
Paul Ugbede Godwin
-
0

The financial markets are sending a strikingly mixed signal this week: U.S. equities are pushing deeper into record territory while Bitcoin has lost momentum and slipped back below the $63,000 level.

The crypto payments industry is facing another reminder that regulatory and legal uncertainty can complicate even the most ambitious expansion plans, with RedotPay reportedly delaying its planned initial public offering amid growing pressure surrounding its relationship with Binance.

The S&P 500 closed Thursday, August 13, at a record 7,798.99, gaining 0.65%. The Nasdaq Composite also advanced 0.81%, while the Dow Jones Industrial Average added 0.13%. The rally came as investors responded positively to signs that inflationary pressures may be cooling.

July producer prices were unchanged, strengthening expectations that the Federal Reserve could avoid another interest-rate increase in September.

That optimism has not translated evenly across financial markets. Bitcoin, which has increasingly traded alongside other risk assets, has struggled to maintain its recent upside momentum.

The cryptocurrency fell below $63,000 as traders reduced bullish exposure, with market data showing BTC around the $62,000-$63,000 range. Recent weakness has undermined the attempted breakout above important technical levels and raised questions about whether Bitcoin can regain its previous momentum.

The divergence is important because it challenges the assumption that improving macroeconomic conditions automatically benefit cryptocurrencies. Softer inflation should theoretically support risk assets by reducing expectations for tighter monetary policy.

Yet Bitcoin’s response has remained muted. This suggests that crypto-specific positioning, profit-taking, liquidity conditions and technical resistance may currently be more influential than the broader equity rally.

Meanwhile, RedotPay’s situation highlights a different challenge for the digital-asset sector: regulation and business relationships can become major obstacles when crypto companies attempt to transition into mainstream financial markets.

RedotPay, a Hong Kong-based crypto payments company known for its cryptocurrency-linked cards, has been considering an IPO at a potential valuation of roughly $4 billion.

Its plans have been complicated by a major legal dispute with Binance. Binance-affiliated entities have sued RedotPay’s founders, seeking approximately $472.8 million and alleging that more than 470,000 users were diverted from Binance’s card ecosystem.

RedotPay has rejected the allegations and said it intends to defend itself. The dispute arrives at an especially sensitive moment. An IPO requires investors to have confidence in a company’s regulatory standing, revenue model, governance and ability to manage legal risks.

A major dispute involving one of the industry’s largest exchanges could therefore complicate investor appetite, even if RedotPay’s underlying payments business continues to expand. The company’s experience illustrates the growing intersection between crypto and traditional finance.

As digital-asset firms pursue public listings, institutional capital and regulated payment infrastructure, they face standards that extend beyond token adoption. Corporate governance, compliance, contractual relationships and regulatory scrutiny increasingly matter just as much as user growth.

For markets, the contrast is revealing. Wall Street is celebrating cooling inflation and the possibility of a less restrictive Federal Reserve, while Bitcoin remains vulnerable to selling pressure. Crypto businesses seeking mainstream legitimacy are discovering that regulatory and legal complexity can materially affect their growth strategies.

The next phase of this market may therefore depend less on whether crypto can simply follow stocks higher and more on whether digital assets can demonstrate the institutional stability investors increasingly demand.

YouTube Raises Monetization Requirements: 8,000 Watch Hours and 20M Shorts Views Coming in 2027

By
Paul Ugbede Godwin
-
0
A picture shows a You Tube logo on December 4, 2012 during LeWeb Paris 2012 in Saint-Denis near Paris. Le Web is Europe's largest tech conference, bringing together the entrepreneurs, leaders and influencers who shape the future of the internet. AFP PHOTO ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

YouTube is preparing to make one of its biggest changes to creator monetization in nearly a decade, raising the eligibility requirements for its Partner Program and forcing aspiring creators to rethink how they build audiences on the platform.

Beginning February 1, 2027, creators working toward monetization will face significantly higher thresholds for both long-form watch time and Shorts views.

Since 2018, YouTube’s Partner Program has represented an important milestone for creators looking to turn their content into a sustainable source of income.

Under the existing requirements, creators generally need at least 1,000 subscribers and either 4,000 valid public watch hours within the required period or 10 million eligible Shorts views over 90 days. These requirements have already demanded considerable consistency, creativity, and audience engagement.

That equation is about to change. From February 1, 2027, the subscriber requirement will remain at 1,000, but the watch-time threshold will double from 4,000 to 8,000 hours. For Shorts creators, the target will also double, rising from 10 million qualified views in 90 days to 20 million.

The changes effectively mean that creators must generate substantially more engagement before qualifying for monetization. For creators who are already monetized, there is no immediate reason for concern. Existing members of the Partner Program will not be affected by the new eligibility thresholds.

The real impact will fall on creators who are currently building toward monetization or those planning to launch channels with the expectation of reaching the existing requirements. The move could significantly change the creator economy.

YouTube has become increasingly competitive, with millions of creators producing videos across virtually every category imaginable. Higher eligibility standards could allow the platform to place greater emphasis on creators who can demonstrate sustained audience interest rather than simply reaching a subscriber milestone.

For new creators, the update should not necessarily be viewed as a reason to delay starting. If anything, it makes starting earlier even more important. Anyone hoping to reach monetization before the new rules take effect has a limited window to build the necessary audience and watch time under the current system.

The fundamental strategy, remains unchanged. Creators still need to produce content that people want to watch, share, and return to. Consistency remains one of the most important factors in building a channel, while strong storytelling, useful information, distinctive presentation, and audience engagement can help turn occasional viewers into loyal subscribers.

The change highlights the growing importance of treating content creation as a long-term operation rather than a quick path to income. Creators who focus exclusively on hitting numerical thresholds may struggle, while those who build recognizable brands and communities could be better positioned to benefit from YouTube’s ecosystem.

The higher requirements raise the cost of entry, but they do not fundamentally change the path. The formula is still simple: create, publish, learn from the numbers, improve, and repeat. For anyone considering starting a YouTube channel, the message is clear.

The threshold is moving higher, but the opportunity is still there. Start creating now, show up consistently, and give your audience a reason to keep watching. The numbers may take time to follow, but momentum begins with the first video.

Lookonchain Data Shows Bitcoin Short Reaches $136M as Liquidation Risk Builds

By
Paul Ugbede Godwin
-
3

A major Bitcoin short position is drawing increasing attention across the crypto market after Lookonchain data showed one wallet continuing to increase its bearish bet.

The position has now reached approximately 2,136 BTC, worth around $136 million, making the trader one of the largest identifiable on-chain Bitcoin bears at a time when market positioning remains highly sensitive to sudden price movements.

The scale of the position is significant not only because of its dollar value, but because of the liquidation level attached to it.

According to the data, the wallet faces liquidation at approximately $64,592 per Bitcoin. That level creates a potentially important battleground for the market. If Bitcoin climbs through it with enough momentum, the trader could be forced to close the short, potentially adding further buying pressure to an already rising market.

This is the basic mechanism behind a short squeeze. A trader who expects Bitcoin to fall borrows or sells the asset with the intention of buying it back at a lower price. If the market instead rises sharply, losses increase.

When the price approaches the liquidation threshold, leveraged positions can be automatically closed by the trading platform. Those forced closures require Bitcoin to be bought back, creating additional demand and potentially pushing the price even higher.

The 2,136 BTC position therefore represents more than a single trader’s market view. It has become a potential source of volatility.

Bitcoin does not need to remain above $64,592 for an extended period to create pressure. A rapid move through the liquidation zone could trigger a chain reaction if other traders are positioned similarly.

The situation highlights the increasingly transparent nature of cryptocurrency markets. On-chain analytics allow investors to track large wallets, monitor transfers and identify concentrated positions that might previously have remained hidden from public view.

While wallet data does not necessarily reveal the identity or complete strategy of the trader, it can provide valuable clues about market positioning. However, liquidation risk should not automatically be interpreted as a guaranteed short squeeze.

Large traders can hedge positions elsewhere, add collateral, reduce exposure, or manage their positions through multiple wallets and exchanges. On-chain data also provides only part of the picture. The wallet’s 2,136 BTC position may represent one component of a broader trading strategy.

Still, the $64,592 threshold deserves attention because it represents a clear technical and psychological level for this particular position.

If Bitcoin approaches it, traders are likely to watch open interest, funding rates, spot volume and liquidation data closely. A breakout accompanied by strong spot buying would provide a stronger signal that a squeeze could develop.

Conversely, if Bitcoin fails to reclaim the level and sellers regain control, the massive short could continue working in the trader’s favor. That makes the current setup a direct contest between bearish conviction and bullish momentum.

The key lesson is that leverage can amplify both sides of the market. A $136 million short may reflect strong confidence in lower prices, but it also creates a potentially powerful source of forced demand if the market moves against the position.

As Bitcoin tests the boundaries around the liquidation zone, this whale short has effectively become another pressure point for the market. A decisive move above $64,592 could turn one trader’s bearish conviction into fuel for a broader Bitcoin rally.

123...9,163Page 1 of 9,163

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy