Zerohash is looking to secure a United States national trust bank charter as 
it plans to operate a federally regulated trust bank. Securing a National 
Trust Bank charter from the Office of the Comptroller of the Currency will 
allow the…

Zerohash joins wave of crypto firms pursuing US national trust bank charter

Bitcoin is regaining momentum after reclaiming the $70,000 level, signaling 
renewed strength following weeks of consolidation and volatile price action. 
The move above this key psychological threshold has helped stabilize sentiment 
across the market, as investors assess whether the recent correction has begun 
to transition into a new accumulation phase. Related Reading: The Quiet 
Accumulation: 13,500 Bitcoin Leaving Binance Signals A Strategic Whale Pivot 
at $66,000 At the same time, new on-chain data is providing insight into how 
certain entities are positioning within the network. According to blockchain 
analytics platform Arkham, American Bitcoin — the mining operation associated 
with the Trump family — is actively mining Bitcoin and retaining the newly 
generated coins in its on-chain wallets rather than distributing them 
immediately to the market. This behavior is noteworthy because miner activity 
plays an important role in Bitcoin’s supply dynamics. When miners choose to 
hold rather than sell their rewards, the immediate circulating supply 
available to exchanges decreases. Over time, this can influence market 
liquidity and contribute to tightening supply conditions, particularly if 
sustained across multiple participants in the mining sector. The development 
also intersects with the broader conversation around the concept of a 
strategic Bitcoin reserve. Mining operations that accumulate rather than 
liquidate their output effectively transform operational activity into long- 
term treasury positioning within the Bitcoin ecosystem. American Bitcoin 
Expands Mining Capacity While Building a Large BTC Treasury Arkham data 
further illustrates the scale of American Bitcoin’s current mining and 
accumulation strategy. According to the platform, the operation has mined 
approximately 766 BTC so far this year, representing roughly $54.39 million at 
current market prices. Rather than immediately distributing these rewards to 
cover operational costs, the mined coins appear to be held in on-chain 
wallets, reinforcing the company’s accumulation-oriented approach. In total, 
American Bitcoin’s holdings now stand at around 6,100 BTC, with a combined 
value exceeding $433.7 million. For a mining operation, maintaining reserves 
of this magnitude signals a strategic treasury position rather than a purely 
transactional mining model. Historically, miners often sell a portion of their 
rewards to finance infrastructure, electricity, and operational expenses. 
Holding a large share of mined Bitcoin instead reflects confidence in the 
asset’s long-term value proposition. The company is also expanding its 
operational capacity. Arkham reports that American Bitcoin recently acquired 
an additional 11,000 Bitcoin mining machines to scale its future hash power. 
Increasing hardware capacity allows the operation to compete more effectively 
for block rewards and transaction fees as the network’s mining difficulty 
continues to evolve. Combined, these developments highlight how some mining 
entities are increasingly integrating production with long-term Bitcoin 
accumulation strategies. Related Reading: Surpassing FTX-Era Lows: 38% Of 
Altcoins Hit Record Lows As Liquidity Abandons The Crypto Fringe Bitcoin Tests 
Key Long-Term Support After Sharp Pullback Bitcoin’s weekly chart shows the 
market attempting to stabilize after a significant correction from the cycle 
highs set earlier in the year. Price is currently trading around $70,000, 
following a sharp rejection from the $110,000–$115,000 region, which marked 
the local top of the recent bullish expansion phase. From a structural 
perspective, the correction has pushed Bitcoin back toward the confluence of 
major moving averages that historically act as dynamic support during bull 
markets. The price is now hovering near the 50-week moving average, while the 
100-week moving average sits slightly below current levels. These zones often 
function as equilibrium areas where long-term participants reassess 
positioning. Related Reading: The $650M Wave: Why XRP’s Record Inflow To 
Binance Signals A Massive Institutional Retreat Importantly, the 200-week 
moving average remains far below the current market price, continuing to slope 
upward. This suggests that, despite the recent drawdown, the broader macro 
trend still maintains a constructive long-term structure. Volume patterns on 
the chart indicate that selling pressure intensified during the initial 
breakdown from the highs but has gradually decreased as price approached the 
$65,000–$70,000 region. This decline in aggressive selling activity may 
indicate that the bulk of forced liquidations has already occurred. If Bitcoin 
can consolidate above this zone, it could establish a base for renewed 
accumulation. However, a sustained breakdown below the $65,000 area would 
expose the market to deeper retracement toward the $60,000 region. Featured 
image from ChatGPT, chart from TradingView.com

Manufacturing The Bitcoin Reserve: Inside The Trump Family’s 11,000-Miner Expansion At American Bitcoin

Bitwise has tasked Bitcoin Brink, OpenSats, and the Human Rights Foundation 
with deciding where to allocate its second annual donation to support Bitcoin.

Bitwise has now donated over $380K to open-source Bitcoin devs

Tether led a $50 million investment round in Eight Sleep, partnering to 
integrate AI health tech through its QVAC architecture.

Tether invests in AI sleep tracking firm at a $1.5B valuation

XRP price started a decent increase above $1.420. The price is now 
consolidating gains and might aim for more gains above the $1.450 zone. XRP 
price started a decent upward move above the $1.4320 zone. The price is now 
trading above $1.420 and the 100-hourly Simple Moving Average. There was a 
break above a key bearish trend line with resistance at $1.3880 on the hourly 
chart of the XRP/USD pair (data source from Kraken). The pair could continue 
to move up if it settles above $1.450. XRP Price Extends Gains XRP price 
started a decent upward move above $1.40 and $1.420, like Bitcoin and 
Ethereum. The price gained pace for a clear move above the $1.450 resistance. 
There was a break above a key bearish trend line with resistance at $1.3880 on 
the hourly chart of the XRP/USD pair. The bulls even pumped the price toward 
the $1.4650 zone. A high was formed at $1.4739 and the price started a 
consolidation phase. There was a drop below the 23.6% Fib retracement level of 
the upward move from the $1.3362 swing low to the $1.4739 high. The price is 
now trading above $1.40 and the 100-hourly Simple Moving Average. If there is 
a fresh upward move, the price might face resistance near the $1.4420 level. 
The first major resistance is near the $1.450 level, above which the price 
could rise and test $1.4750. A clear move above the $1.4750 resistance might 
send the price toward the $1.50 resistance. Any more gains might send the 
price toward the $1.520 resistance. The next major hurdle for the bulls might 
be near $1.550. Downside Correction? If XRP fails to clear the $1.4420 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.420 level. The next major support is near the $1.4050 
level or the 50% Fib retracement level of the upward move from the $1.3362 
swing low to the $1.4739 high. If there is a downside break and a close below 
the $1.4050 level, the price might continue to decline toward $1.3880. The 
next major support sits near the $1.3680 zone, below which the price could 
continue lower toward $1.350. Technical Indicators Hourly MACD – The MACD for 
XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength 
Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – 
$1.420 and $1.4050. Major Resistance Levels – $1.4420 and $1.4750.

Cryptocurrency price in USD