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#CryptoIntegration Bitcoin has been consolidating in a wide range between $116,000 and $120,000. This sideways pattern has created a clear structure visible to traders monitoring near-term movements. A downside resistance line had multiple tests before breaking decisively on August 11. This breakout sparked a rally to $122,000 and confirmed strength and aggression in buyers. After the move higher, Bitcoin retraced and tested the broken resistance line, now support. The retest occurred near $116,500, reiterating that the zone is a key battleground for traders. . Market watchers suggest that holding above this level validates the breakout and sustains bullish sentiment.
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#CreatorPad David Bailey's Nakamoto has completed its merger with healthcare firm KindlyMD, creating a publicly traded Bitcoin treasury vehicle trading under ticker NAKA. The merged entity plans to accumulate 1 million Bitcoin from its current 21-coin position. Bailey serves as CEO and chairman while leveraging his role as Trump's Bitcoin adviser. KindlyMD shares rose 13.4% on the merger news, adding to triple-digit gains since the May announcement. The company secured $540 million from PIPE financing and expects to close a $200 million convertible note offering. At current prices, this could add over 4,500 Bitcoin to their balance sheet. New board additions include Eric Weiss, who orange-pilled Michael Saylor, and Morgan Creek's Mark Yusco. The merger reflects growing corporate competition for Bitcoin's fixed 21 million coin supply alongside MicroStrategy's 628,946 Bitcoin holdings.
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#BullishIPO David Bailey's Nakamoto has completed its merger with healthcare firm KindlyMD, creating a publicly traded Bitcoin treasury vehicle trading under ticker NAKA. The merged entity plans to accumulate 1 million Bitcoin from its current 21-coin position. Bailey serves as CEO and chairman while leveraging his role as Trump's Bitcoin adviser. KindlyMD shares rose 13.4% on the merger news, adding to triple-digit gains since the May announcement. The company secured $540 million from PIPE financing and expects to close a $200 million convertible note offering. At current prices, this could add over 4,500 Bitcoin to their balance sheet. New board additions include Eric Weiss, who orange-pilled Michael Saylor, and Morgan Creek's Mark Yusco. The merger reflects growing corporate competition for Bitcoin's fixed 21 million coin supply alongside MicroStrategy's 628,946 Bitcoin holdings.
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#ETHRally Bitcoin climbed to $119,000 while Ether surged 8.2% to $4,600 following cooler-than-expected inflation data for July. Consumer Price Index rose 2.7% year-over-year, below the anticipated 2.8% increase, though still above the Fed's 2% target. Core CPI excluding food and energy came in at 3.1% annually with shelter costs showing signs of moderation after months of upward pressure. Federal Reserve officials remain split on rate cuts with two governors calling for immediate reductions at the last meeting. September rate cut odds stand at 82.5% according to CME FedWatch, down slightly from 86% on Monday following the inflation release. Lower rates typically benefit risk assets like crypto as investors seek higher yields outside traditional fixed-income securities. The softer inflation reading provides ammunition for Fed doves pushing for monetary policy easing in upcoming meetings.
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$TREE #CreatorPad El Salvador has approved new legislation that will open the door for large financial institutions to offer Bitcoin and other digital asset services to institutional investors. The law, passed by the country’s legislative assembly, allows financial institutions with at least $50 million in capital to qualify as investment banks. These institutions can now apply for licenses to provide services denominated in Bitcoin and other cryptocurrencies to investors holding more than $250,000 in liquid assets. The new framework builds on El Salvador’s existing crypto regulations, which already permit firms to register as bitcoin service providers, digital asset service providers, or digital asset issuers. The latest legislation allows qualifying investment banks to add these crypto-related licenses to their existing bank licenses. In practice, it enables well-capitalized institutions to hold Bitcoin, issue tokens, and structure crypto-linked financial instruments without creating an entirely new regulatory regime. According to lawmaker Dania González, the reform will expand the institutional structure of El Salvador’s financial system by introducing a new but regulated entity that will operate alongside the traditional banking sector. The legislation was supported by the Ministry of Economy, signaling the government’s intention to attract larger pools of capital into its digital asset ecosystem. In 2021, El Salvador broke new ground by making Bitcoin legal tender and requiring shops to accept it. The plan was to get people using it every day. The government pulled back on several Bitcoin projects, a step it took while negotiating a $1.4 billion loan with the International Monetary Fund (IMF). Despite the global attention its Bitcoin experiment received, adoption among Salvadorans has remained low. Studies show that only about 1% of remittances involve cryptocurrencies, and just two out of every ten citizens report using them. The Bitcoin Office, overseen by President Nayib Bukele, continues to claim that it is purchasing one Bitcoin per day.
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