The filing came precisely one year after Ripple had been ordered to pay $125 million as part of an enforcement action over the company using XRP as unregistered securities.

SEC-Ripple enforcement case to end after motion to drop appeals

The executive order could reshape banking regulations, potentially increasing 
scrutiny on financial institutions&#8217; practices and promoting equitable access.
The post Trump issues executive order banning unlawful debanking of 
conservatives, crypto companies appeared first on Crypto Briefing.

Trump issues executive order banning unlawful debanking of conservatives, crypto companies

Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, 
trading around the $116,300 level at the time of writing. While concerns 
remain about BTC’s inability to decisively break the $120,000 resistance 
level, on-chain data suggests the asset may be in an accumulation phase &#8211; 
potentially gearing up for its next breakout toward a new all-time high (ATH). 
Bitcoin Currently In Accumulation Phase, Analyst Says According to a 
CryptoQuant Quicktake post by contributor BorisVest, a strategy called Smart 
Dollar-Cost Averaging (DCA) may help Bitcoin investors accumulate the asset 
more strategically and improve long-term performance. Related Reading: Bitcoin 
Rejected At $120,000: Binance Whale Inflows Suggest Possible Drop To $110,000 
In his analysis, BorisVest noted that investors often struggle to time their 
entries into BTC. Many tend to buy during local tops due to fear of missing 
out (FOMO) and avoid entering the market during bottoms out of fear of further 
declines. Smart DCA offers a way to bypass these emotion-driven decisions. The 
strategy recommends accumulating BTC when its market price falls below the 
1-week to 1-month realized price &#8211; a period during which short-term holders 
are often in loss, resulting in heightened sell-off. BorisVest explained: At 
these levels, short-term holders are usually underwater, leading to increased 
sell pressure. Smart DCA activates hourly purchases during such periods, 
helping to bring the BTC and USD cost basis closer together. Currently, the 
1-week to 1-month realized price stands at approximately $117,700. As long as 
BTC trades below this level, Smart DCA continues to flash an accumulation 
signal. Once BTC climbs above this threshold, the strategy advises gradually 
selling previously accumulated coins. With Bitcoin now trading near $116,000, 
the analyst suggests that the asset is still in an accumulation phase &#8211; though 
it&#8217;s approaching the realized threshold. According to data from CoinGecko, BTC 
remains about 5.2% below its ATH of $122,838, recorded on July 14. Is BTC 
Unlikely To Hit A New ATH? Despite holding steady around $115,000, some 
analysts warn that Bitcoin&#8217;s realized price is slowly beginning to show signs 
of fragility. A drop below the $105,000 mark could lead to increased downside 
momentum, potentially triggering a larger sell-off. Related Reading: Bitcoin 
Sees Rising New Investor Dominance, Old Holders Yet To Capitulate Notably, 
Binance’s net taker volume has slipped back into negative territory, raising 
concerns about a near-term correction. Additionally, rising Bitcoin ETF 
outflows have shown signs of weakness, adding another layer of uncertainty. 
Still, not all indicators are bearish. Some on-chain metrics suggest BTC may 
simply be entering a cooling-off period after a brief overheated phase. At 
press time, BTC trades at $116,316, up 2.1% in the past 24 hours. Featured 
image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700

President Donald Trump signed an executive order Thursday prohibiting federal 
regulators from enabling financial institutions to deny services based on 
political beliefs, religious beliefs, or lawful business activities such as 
crypto services. White House: &#8216;The Trump Administration Has Already Ended 
Operation Chokepoint 2.0&#8217; According to the Fact Sheet release, the order 
directs federal banking regulators […]

Trump Bans Debanking, Citing ‘Digital Asset Industry’ Targeting

Vitalik Buterin says public companies that buy and hold Ether broaden the 
token’s access to a wider range of investors, but cautioned on leveraging too 
heavily.

Vitalik backs Ethereum treasury firms, but warns of overleverage

Last Friday’s US July Employment Situation release has delivered the kind of 
statistical jolt that rarely shows up outside crises, forcing traders to re- 
evaluate both the macro outlook and Bitcoin’s near-term path. Payrolls grew by 
just 73,000, but the shock lay in the record-large negative revisions: May and 
June were marked down by a combined 258,000 jobs, slicing the three-month 
hiring average to 35,000 and erasing nearly all of the second-quarter’s 
reported momentum. The Bureau of Labor Statistics notes that revisions of that 
magnitude have been seen only during the Covid collapse. Is Bitcoin Really 
Facing A Black Swan Event? Bloomberg Economics chief US economist Anna Wong 
wrote: “The downward revisions to May and June payrolls in the July jobs 
report constitute a black swan event – a three-standard-deviation move with 
less than a 0.2% chance of occurrence in the last 30 years. Adjusted for our 
estimate of the job overstatement from the Bureau of Labor Statistics’ birth- 
death model, the three-month hiring pace turns outright negative.” The data, 
she wrote in a terminal note circulated Friday, “flipped the labor-market 
script” from re-acceleration to abrupt cooling. Related Reading: Bitcoin Could 
See Another Crash To Fill This Imbalance Before Rally To $120,000 The market’s 
crypto voice on the issue has been Bitwise Europe’s head of research, André 
Dragosch, who spent the morning posting a string of warnings on X. First came 
the news, ”According to Bloomberg chief economist Anna Wong, the most recent 
payroll revisions were a ‘black swan event’.Will probably get even worse 
before it gets better…”, then the maxim, “Yes – bad for payrolls = good for 
bitcoin, at least over the medium to long term.” Minutes later he argued that 
deeper revisions could force emergency easing: “NOTE: There is a strong case 
for a negative June jobs print after further downside revisions which could 
lead to a 50 bps rate cut in September… Plan accordingly. #Bitcoin” By mid- 
afternoon he pushed the point to its logical extreme: “ATTENTION: We are 
probably just a single negative NFP print away from a significant repricing in 
Fed rate cut expectations. US labor market &amp; inflation data surprises are 
still as bad as during Covid but traders only price in 2 cuts until Dec 2025… 
Printer is coming… ” Interest-rate futures moved sharply in Dragosch’s 
direction. On Wednesdays, the CME FedWatch Tool showed a 91 percent 
probability of at least one cut at the 17–18 September FOMC meeting. 
Minneapolis Fed President Neel Kashkari acknowledged that “the real underlying 
economy is slowing,” while Governor Lisa Cook called the size of the revisions 
“concerning.” Related Reading: US Delay On Bitcoin Audit Is A Bullish Red 
Flag, Says Strike CEO Bitcoin’s price action captured the tug-of-war between 
recession fear and liquidity hope. The flagship cryptocurrency slumped to 
$111,920 on 2 August, its lowest print since early July, immediately after the 
payroll release and President Donald Trump’s subsequent firing of BLS 
Commissioner Erika McEntarfer. A tentative rebound toward $111,500 followed as 
rate-cut odds ballooned this week. Yet, Bitcoin remained tethered to macro 
headlines rather than its own cycle. Still, the first clear sign of 
positioning for easier policy has emerged in fund flows. Spot Bitcoin ETFs 
recorded a net $91.6 million inflow on 7 August, snapping a four-day outflow 
streak that had drained more than $380 million from the vehicles. Whether 
Bloomberg’s and Dragosch’s black-swan framing proves prescient will depend on 
the next few data prints and the Fed’s tolerance for risk. For now the market 
is caught between those poles: one bad jobs number away from a full-blown 
policy response, but one more shock away from a broader risk-off spiral. The 
only certainty, as Wong’s probability math and Dragosch’s full-throated alerts 
both imply, is that the margin for error has evaporated. At press time, BTC 
traded at $116,359. Featured image created with DALL.E, chart from 
TradingView.com