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Bitcoin's August 2025 plunge below $109,000 erased billions, driven by ETF outflows exceeding $2 billion, Fed's paused rate cuts amid inflation, technical breaches, and reduced whale activity. Institutional integration heightened vulnerability to macro pressures, potentially fracturing its halving cycle. Analysts foresee a rebound if supports hold, signaling crypto's maturing ties to global economics.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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Eric Trump predicted at the Bitcoin Asia conference that Bitcoin could reach $1 million per coin within years, driven by scarcity and institutional adoption. He praised China's blockchain innovations despite its crypto ban, amid the Trump family's expanding crypto ventures. This optimism stirred markets, though skeptics highlight volatility risks.
Google Cloud is developing GCUL, a private permissioned Layer-1 blockchain for secure payments and financial services, emphasizing neutrality and Python-based smart contracts. It differentiates from rivals like Stripe and Circle by avoiding biases, targeting institutional adoption amid stablecoin growth. Despite skepticism over its closed nature, GCUL could disrupt traditional finance through compliance-focused innovation.
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Citigroup executive Ronit Ghose warns that allowing stablecoins to offer yields could trigger a massive exodus of up to $6.6 trillion in bank deposits, echoing the 1980s savings and loan crisis. Banks are lobbying against regulations like the GENIUS Act, fearing higher costs and economic disruption. This highlights the tension between crypto innovation and banking stability.
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