KakaoBank is reportedly looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.

KakaoBank plans to ‘actively participate’ in stablecoin market: Report

Following the steep corrections seen in late July, the Bitcoin market made a 
modest recovery in the past week, rising by 2.73% according to data from 
CoinMarketCap. However, another rejection amidst this price resurgence forces 
the premier cryptocurrency to now trade within the $116,000 price region. 
While the crypto market awaits the token’s next move, cumulative trading 
activity signals potential for a major price surge to a new all-time high. 
Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow 
Signals Price Correction Golden Ratio In Sight: Bitcoin Targets $131K After 
Volume Shelf Hold In an X post on August 8, popular financial market analyst 
Donald Dean shares an interesting bullish price prediction on the Bitcoin 
market. Based on the existence of a volume shelf on the BTCUSDT daily chart, 
Dean tips the crypto market leader to soon attain a $131,000 market valuation. 
By way of explanation, a volume shelf refers to a price level where a 
significant amount of trading activity/volume has occurred. In the chart 
above, this level of trading is indicated by the horizontal bars on the right 
side of the chart. A volume shelf tends to act as a strong resistance or 
support zone because many traders are assumed to have bought or sold at this 
level. According to Donald Dean’s analysis, Bitcoin is currently hovering 
around a volume shelf between $116,000 &#8211; $118,000, which has been identified 
as a potential launch area. If Bitcoin can consolidate decisively above this 
range, it suggests that this level has enough buying interest to potentially 
act as a springboard for the next leg up. Interestingly, Dean predicts that 
this accumulation phase would provide the momentum needed to propel BTC toward 
the 1.618 Fibonacci extension level, a key technical milestone known as the 
“golden ratio.” This level, positioned around $131,000, represents the next 
major price target for the Bitcoin market, signaling a potential 12.93% gain 
on the present market prices. Related Reading: SharpLink Bets Big On Ethereum: 
$200M Raised To Deepen ETH Exposure Bitcoin Market Overview At the time of 
writing, Bitcoin was trading at $116,756, after a minor decline of 0.02% over 
the past 24 hours. Meanwhile, market trading volume has fallen by 20.97% and 
is valued at $55.24 billion. Data from CoinCodex indicates that market 
sentiment remains strongly bullish, with the Fear &amp; Greed Index at 67. Despite 
this optimism, analysts expect BTC to hold within its current range, 
projecting prices of $117,167 in five days and $115,980 in thirty days, and a 
potential dip to $112,688 over the next three months. Featured image from 
Pexels, chart from Tradingview

Bitcoin Volume Shelf Indicates Possible Launch To $131,000 – Analyst

The Pepe price continued its recovery this week, jumping for four consecutive 
days amid whale accumulation and an Ethereum rebound. Whales are buying Pepe 
tokens Pepe (PEPE) token rose to $0.000012 on Saturday, Aug. 9, its highest 
level since July…

Pepe price rises as whale accumulation jumps amid ETH boom

The latest figures reveal Bitcoin’s difficulty rating notched its 11th 
increase of the year, rising 1.42% on Friday evening and making block rewards 
even harder to discover. Despite five separate decreases along the way, 
Bitcoin’s mining difficulty has still climbed 17.73% in 2025 so far. 129.44 
Trillion: Bitcoin’s Highest Difficulty Level in History Bitcoin block […]

Bitcoin’s Difficulty Smashes Records, Making Rewards Tougher Than Ever

Polygon price continued its strong uptrend and approached its make-or-break 
level as its ecosystem improved. Polygon (POL) token jumped for seven straight 
days, reaching its highest level since July 23. DeFi, stablecoin, and NFT 
growth The POL price continued its…

Polygon price nears make-or-break level as its ecosystem rebounds

Michael Saylor, founder of Strategy, suggested this week that a rumored move 
by the US to impose tariffs on gold imports could push money out of the metal 
and into Bitcoin. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 
13% According to a Bloomberg interview, Saylor argued that Bitcoin cannot be 
taxed at the border because it “lives in cyberspace, where there are no 
tariffs.” He said the coin’s lack of physical weight and its speed of 
settlement make it more attractive than gold in a world where import duties on 
bullion are being discussed. Saylor Frames Bitcoin As Tariff-Proof Asset 
Reports have disclosed that others in the industry agree. Simon Gerovich, 
president of Metaplanet, called gold “heavy, slow, and political,” and labeled 
Bitcoin “light, fast, and free.” Based on reports, Metaplanet — a Japanese 
company that manages a Bitcoin treasury — bought nearly $54 million in Bitcoin 
recently, bringing its total holdings to 17,595 BTC, roughly $1.78 billion at 
current values. Those numbers matter to investors watching whether corporate 
treasuries will switch allocation from stored metal to digital coins. Market 
Reaction And Price Moves Markets reacted in different ways. Gold futures hit 
an all-time high after the tariff news, as traders scrambled to price the 
possible cost impact of new import rules. Bitcoin, meanwhile, traded roughly 
sideways in the same period, moving down by less than 1% in the last 24 hours. 
The split response shows that a policy shock can push some capital into metal 
while other buyers may sit on the sidelines or look to crypto for a different 
kind of hedge. This is the purchasing power of the U.S. Dollar This is the 
ultimate chart pattern for all fiat currencies Some think Gold is a great 
store of value (preserving its purchasing power) &#8211; and it is But the ultimate 
store of value will prove to be Bitcoin $BTC pic.twitter.com/4rdar3TRtT — 
Peter Brandt (@PeterLBrandt) August 8, 2025 Brandt Highlights Dollar Decline 
Over Decades Veteran trader Peter Brandt added fuel to the debate by posting a 
long-run chart that traces the US dollar’s purchasing power from $1.00 in 1971 
to about $0.031 in 2025, based on M2 money growth. Related Reading: Crypto Is 
Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Brandt 
pointed to a roughly 95% decline in that period and said this trend shows fiat 
currency can lose value over decades. He argued that while gold has held value 
for many years, Bitcoin is now positioned to serve as a store of value going 
forward. According to market watchers, the tariff talk has changed the short- 
term mood but not resolved which asset is the better long-term refuge. 
Institutional buyers like Strategy and Metaplanet are making public bets on 
Bitcoin, and that shapes expectations. At the same time, gold’s record high 
reminds investors that demand for tangible stores of value can spike on policy 
risk. Featured image from Unsplash, chart from TradingView