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From a bold new Ethereum price prediction to new banks accepting crypto, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
🕘 6:00 AM:
Arthur Hayes Predicts $250K Bitcoin and $10K ETH: “The Coming Ether Bull Run Is About to Tear the Market a New A**h*le”
In his latest blog post titled Time Signature, BitMEX co-founder Arthur Hayes issued a bold forecast: $250,000 for Bitcoin and $10,000 for Ether by year-end. He called for a credit-fueled, crypto-led asset boom under a Trump-driven wartime economic agenda.
According to Hayes:
- Trump’s economic strategy resembles “American fascism,” channeling state-sponsored credit into critical industries.
- A rising crypto market fuels demand for stablecoins, which in turn fund U.S. Treasury bills — financing federal deficits via crypto-backed capital flows.
- Crypto is the new “state-sanctioned bubble” – one that’s politically palatable and widely owned across younger, more diverse voters.
He argues that Bitcoin and Ether will continue to rally as governments intentionally pump credit into the system, with crypto being the safest outlet for that excess liquidity.
Hayes also revealed that his new fund, Maelstrom, is all-in on Ethereum and ERC-20-powered “degen” tokens.
Tether Reveals It Has Invested in Over 120 Companies Using $13.7B in Profits
Tether has quietly built a sprawling investment portfolio spanning over 120 companies, using profits generated from its operations. This amounted to $13.7 billion in 2024 according to new disclosures from Tether Ventures.
Importantly, the firm emphasized that none of these investments use USDT reserves, separating its stablecoin backing from its venture capital strategy.
Key areas of investment include:
- Payments: CityPay
- Bitcoin infrastructure: Bitdeer
- AI and analytics: Crystal Intelligence
- Other sectors: Renewable energy, tokenization, agriculture, and privacy tech
Justin Sun Reportedly Triggers $1.7B ETH Exodus from Aave: “He’s Moving Billions Like I Go Grocery Shopping”
Crypto billionaire Justin Sun is believed to be the primary force behind a massive $1.7 billion ETH withdrawal from Aave over the past week, according to Aave contributor Marc Zeller and onchain data from Arkham.
“He’s just unpredictable… He’s moving billions like I go grocery shopping,” Zeller said to DL News.
- $646M in ETH was withdrawn by wallets tagged to Sun in just the past 3 days.
- HTX, where Sun serves as advisor, also pulled $455M.
- The sudden exit triggered a liquidity crunch on Aave, spiking ETH borrowing rates above 10%.
- Over 627,944 ETH (~$2.3B) has been queued for unstaking, the highest ever recorded.
PNC Bank Partners with Coinbase to Offer Crypto Trading to U.S. Customers
PNC Bank, the 8th-largest bank in the U.S., has partnered with Coinbase to enable crypto trading for its customers.
Under the partnership:
- PNC will integrate Coinbase’s “crypto-as-a-service” institutional platform.
- PNC clients will be able to buy, sell, and hold cryptocurrencies directly via PNC’s ecosystem.
- The bank will also provide certain banking services to Coinbase, further entangling the two firms.
This is a developing story. Refresh for new updates: Arthur Hayes Predicts $250K BTC and $10K ETH | BitPinas Live Crypto Updates | July 24, 2025
What else is happening in Crypto Philippines and beyond?
