As global markets enter a period of turbulence driven by trade wars and shifting U.S. tariff policies, Baillie Gifford is accelerating its strategic expansion in New York. At the forefront of this initiative is Richard A. Whitmore, Chief Analyst, who has united a team of seven senior analysts and secured institutional backing to launch the 4th Global Investment Bootcamp. The mission: to cultivate a new generation of disciplined, market-ready traders capable of navigating today’s complex financial environment.

Since its launch on May 30, 2025, the bootcamp has executed more than 40 equity trades, delivering a cumulative return of over 700% with an average gain of 16% per trade. This outstanding performance has not only earned the trust and enthusiasm of its participants but also attracted the attention of major institutions including Morgan Stanley, Goldman Sachs, Vanguard, and Bridgewater Associates.

Key Benefits for Participants:

Stock Recommendations: Short-term high-potential trades released every Monday, Wednesday, and Friday, targeting 15–20% returns.

Structured Education: Live sessions every Tuesday, Thursday, and Sunday, led personally by Whitmore, covering technical models such as candlestick patterns, Dow Theory, and institutional trading systems.

Exclusive Resources: Complimentary copies of the hardcover book A Random Walk Down Wall Street and the institutional research report Top 10 Stocks for 2025.

Practical Guidance: One-on-one stock analysis, risk management frameworks, and tailored strategy support.

As Baillie Gifford’s New York office prepares to open, outstanding trainees from the bootcamp will have the unique opportunity to transition into Whitmore’s trading team, gaining access to institutional-grade resources, mentorship, and global investment strategies.

Whitmore emphasized:

“True success is not measured by personal wealth alone. It is defined by leading others to participate in the capital markets and enabling them to share in long-term financial growth.”

The 4th Global Investment Bootcamp marks a turning point: transforming retail investors into a disciplined, organized force capable of competing with Wall Street on equal terms.

Cryptocurrency whales, or big investors, are buying hundreds of millions of Ether, as analysts point to an organic rotation of investor mindshare toward altcoins with more upside potential.

Nine “massive” whale addresses bought a cumulative $456 million worth of Ether (ETH) from Bitgo and Galaxy Digital, blockchain data platform Arkham said in a Tuesday X post.

The growing whale demand for the world’s second-largest cryptocurrency signals the market’s “natural rotation” into Ether and other altcoins with more upside potential, according to Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen.

“A lot of this looks like natural rotation, investors locking in profits from Bitcoin’s run and moving into other tokens to catch potential upside,” the analyst told Cointelegraph, adding:

“Ether in particular is benefiting because it has strong current mindshare and momentum from Ether treasury companies.”

While recent Ether whale movements are “notable,” the “broader trend is simply that flows are spreading out beyond Bitcoin as market participants look for the next move,” the analyst said.

Related: Andrew Tate shorts Kanye West’s YZY, racks up $700K losses on Hyperliquid

Still, the increasing Bitcoin profit taking may be a precursor to more “investor mindshare” focusing on Ether, Sondergaard added.

Crypto analyst Willy Woo also pointed to the growing capital rotation from Bitcoin (BTC) into Ether.

“Flows into ETH, at 0.9B USD per day (silver), is now approaching BTC’s inflows (orange),” wrote the analyst in a Tuesday X post, adding that the latest streak of inflows “started when Tom Lee’s ETH treasury co, BitMine, started their ETH accumulation.”

These comments came a week after a Bitcoin whale worth more than $11 billion sold $2.59 billion worth of Bitcoin, rotating the funds into a $2.2 billion spot Ether and a $577 million Ether perpetual long position on the decentralized exchange Hyperliquid, Cointelegraph reported.

Related: US retirement plans could fuel Bitcoin rally to $200K despite downturn: Finance Redefined

Smart money traders are buying altcoins: Nansen data

The industry’s most successful cryptocurrency traders by returns, tracked as “smart money” traders on Nansen’s blockchain intelligence platform, are already rotating into altcoins, stoking investor expectations of a 2025 altcoin season.

Looking at their most significant large-cap token acquisitions, smart money traders acquired $1.2 million worth of Chainlink (LINK) tokens, $967,000 worth of Ethena (ENA) and $614,000 worth of Lido DAO (LDO) tokens, Nansen data shows.

The growing LINK acquisitions may have come in response to Bitwise Asset Management filing to launch a LINK-based exchange-traded fund with the US Securities and Exchange Commission, Cointelegraph reported on Tuesday.

Yet, these cumulative altcoin acquisitions pale in comparison to the $28 million Ether acquired by a dormant whale, who has been inactive since 2021, Cointelegraph reported on Tuesday.

Magazine: Altcoin season 2025 is almost here… but the rules have changed

Digital asset lender Ledn has tapped Swiss crypto bank Sygnum to refinance its $50 million Bitcoin-backed loan, in a deal that the companies say opens the door to tokenized, Bitcoin-collateralized investment opportunities.

While the refinancing matches Ledn’s $50 million syndicated loan from 2024, the latest facility was twice oversubscribed, the companies said Wednesday. 

An oversubscribed loan offering indicates that investor demand exceeds the available loan allocation, often signaling strong institutional interest. In such cases, investors may receive only a fraction of their requested allocation, or the issuer may increase the loan size to accommodate more capital.

A portion of the loan was tokenized via Sygnum’s Desygnate platform, which allows private credit deals to be issued as onchain investment products. By leveraging tokenization, the facility can be distributed more broadly to qualified investors.

The companies said the oversubscription highlights growing investor demand for inflation-resistant income products, especially as yields in both traditional markets and DeFi continue to flatten.

Earlier this year, DeFi analytics company Neutrl reported evidence of flattening yields, noting that stablecoin APRs had dropped below 6% — a far cry from the double-digit returns investors enjoyed during the previous market cycle before the 2022 bear market.

Ledn isn’t alone in the Bitcoin lending space. In January, Coinbase reintroduced Bitcoin-backed loans for US customers, with Morpho Labs facilitating the lending process. 

In July, Cointelegraph reported that the Cantor Fitzgerald–backed Twenty One Capital was exploring US dollar loans secured by Bitcoin collateral. Meanwhile, JPMorgan Chase is reportedly considering its own Bitcoin-backed loan products, with a potential launch in 2026 — though timelines remain subject to change.

Related: Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Private credit powers tokenization boom

The Sygnum–Ledn facility falls within the tokenized private credit market, now the largest and fastest-growing segment of asset tokenization.

Not all Bitcoin-backed loans qualify as private credit, however. Retail-focused lending products are generally considered outside this category.

According to industry data, private credit currently represents more than half of all tokenized value onchain. As of Wednesday, onchain private credit markets were valued at $15.6 billion, accounting for 58% of the tokenized real-world asset market. 

As Galaxy Digital observed in its April report on crypto lending, onchain private credit “rests on tokenization, programmability, utility, and, as a result, yield expansion.”

Tokenized private credit opportunities typically deliver yields in the 8% to 12% range, according to a June analysis by DeFi protocol Gauntlet and industry platform RWA.xyz.

Related: ‘Before Bitcoin, my most successful investment was shorting the Bolivar’ — Ledn co-founder

Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). 

Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts.

According to Widmann, GCUL is meant to serve as an open infrastructure layer for financial institutions. “Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain,” he said, suggesting that Google’s network reported neutrality could help broaden adoption.

Stripe and Circle are also betting on layer-1 blockchains. Circle recently unveiled Arc, an open network optimized for stablecoin finance, while Stripe is developing a stealth project code-named Tempo in partnership with crypto venture firm Paradigm.

According to a chart shared by Widmann, while Stripe is leaning on its $1.4 trillion payments network and Circle is centering Arc on USDC, Google Universal Ledger will be a “planet-scale” blockchain with billions of users and bank-grade functionality.

Google Cloud expects to publish more technical details about the blockchain “in the coming months,” Widmann said.

Google Cloud has been expanding into blockchain technology since at least 2018, when it added Bitcoin data to its Big Query warehouse and later extended support to Ethereum and more than a dozen other networks.

The push accelerated in 2022 with the launch of a dedicated Web3 division, which has since led partnerships with firms like Coinbase, Polygon and Solana.

Related: How to use Google Gemini for smarter crypto trading 

Google Cloud tests Universal Ledger with CME

The Chicago Mercantile Exchange (CME) Group is currently working with Google Cloud to test the Universal Ledger for tokenization and payments.

The collaboration was disclosed in March, when the companies announced a pilot to test tokenized asset settlement and wholesale payment systems — though the specific assets were not revealed, and full market participant trials are set to begin in 2026.

At the time, CME chairman and CEO Terry Duffy said the Universal Ledger could “deliver significant efficiencies for collateral, margin, settlement and fee payments as the world moves toward 24/7 trading.”

By securing a pilot with CME, which posted record revenue of $1.7 billion in Q2 2025 on average daily volumes of 30.2 million contracts, Google is targeting the core plumbing of global finance.

The latest update from Google about its L1 comes amid a broader wave of tech and fintech firms developing their own blockchains.

Plasma, a startup backed by Tether-linked investors, announced in February plans to build a settlement-focused layer-1 for USDt after raising $24 million.

In June, Robinhood launched tokenized US stocks and ETFs for its European customers. The tokens are currently issued on Arbitrum, but the company plans to migrate them to its own native layer‑2 blockchain in the future.

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs — Inside story

The Commodity Futures Trading Commission (CFTC), a US financial regulator, is integrating a financial surveillance tool developed by stock exchange company Nasdaq in a bid to overhaul its 1990s infrastructure.

Nasdaq’s software is focused on detecting market abuse, including insider trading activity and market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and innovation at Nasdaq, told Cointelegraph. He said:

“Tailored algorithms detect suspicious patterns unique to digital asset markets. It offers real-time analysis of order book data across crypto trading venues and cross-market analytics that can correlate activities between traditional and digital asset markets.” 

The data fed into the monitoring system will be “sourced by the CFTC through their regulatory powers,” Sio said. 

Financial surveillance continues to be a hot-button issue in crypto, with privacy advocates arguing surveillance creates conditions for a digital “prison,” and others arguing that anti-money laundering techniques are necessary for institutional adoption of crypto.

Related: US Treasury’s DeFi ID plan is ‘like putting cameras in every living room’

DeFi sector increasingly concerned with surveillance

The US Treasury Department is exploring the possibility of requiring digital identification checks embedded within decentralized finance (DeFi) smart contracts to combat illicit financial flows.

Combatting illicit finance was one of the directives given in the White House’s crypto report from July, which also included tax and market structure proposals for digital assets in the US.

The White House report recommended that the Treasury Department and the National Institute of Standards and Technology (NIST) develop additional know-your-customer (KYC) parameters for digital assets.

The report also recommended revising the existing NIST digital identity guidelines and overhauling identity credential tools.

Critics of these proposals say that adding such tools to DeFi protocols betrays the core ethos of permissionless, decentralized architecture.

“If you turn a neutral, permissionless infrastructure into one where access is gated by government-approved identity credentials, it fundamentally changes what DeFi is meant to be,” Mamadou Kwidjim Toure, CEO of investment platform Ubuntu Tribe, told Cointelegraph.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?

Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch.

On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition.

Cronos (CRO) surged 25% to $0.20 within hours after the announcement, before climbing past $0.23 on Wednesday, its highest level since May 2022, according to CoinGecko data.

The news has sparked mixed reactions within the community as some CRO holders were optimistic, while others expressed skepticism toward the influence of political figures.

Trump Media’s CRO holdings are at $1.5 billion

Amid CRO rising to multi-year highs, Crypto.com CEO Kris Marszalek took to X on Wednesday to report that the crypto asset had surged 40% following the Trump Media Group CRO Strategy announcement.

Trump Media (DJT) shares rose 5% on the news, Marszalek noted, adding: “Value of CRO held under Trump Media Group umbrella now at over $1.5 billion.”

The announcement of Trump Media Group CRO Strategy came nearly four years after the Cronos launch in mainnet beta in early November 2021.

CRO still far from all-time highs

After breaking past $0.23, CRO’s market capitalization climbed above $7.8 billion, gaining more than 44%.

Despite reaching multi-year highs, CRO remains about 300% below its all-time peak of $0.965 recorded a few days after the official Cronos mainnet launch in 2021.

Before the launch of the Cronos Chain, CRO was known as Crypto.org Coin (CRO), an ERC-20 token on the Ethereum blockchain that was created by Crypto.com founders in November 2018.

In March 2021, Crypto.com transitioned CRO to its own decentralized open-source blockchain, the Crypto.org Chain. Soon after launching Cronos, the exchange rebranded the token to Cronos in February 2022.

Mixed reactions

Amid the rally, Cronos rose in the ranking of top crypto assets by market cap, becoming the 28th biggest crypto asset by time of publishing, according to CoinGecko.

Some social media commentators expressed optimism about CRO, suggesting that the asset “deserves a permanent spot in the top 10.”

Others were more skeptical, pointing out that Cronos canceled a 70 billion CRO token burn in March 2025, despite originally announcing the burn in 2021.

Related: Trump’s crypto ventures yield $2.4B since 2022: Report

“You gave them 6 billion CRO from the tokens that were meant to be burnt forever,” one commentator wrote on X.

Some skeptics also expressed concerns over the influence of political figures on the price of CRO.

“Great, so now my crypto portfolio is dependent on what some politician says or does. Just what everyone wanted. Can we just have one thing that isn't infected by politics?” another poster wrote.

Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder

Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide.

Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region.

Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily.

According to the company, the integration will allow banks in 50 countries to settle international payments in USDC, even when payment instructions remain denominated in fiat.

Related: Circle wants to launch First National Digital Currency Bank: Here’s what it could offer

Circle targets global adoption

Circle’s USDC has been expanding its partnerships since the passage of the GENIUS Act in the US Congress. The legislation, signed into law in July, created the first federal framework for stablecoins in the country. 

On July 31, Circle announced a partnership with OKX, one of the world’s largest crypto exchanges with a strong presence across Asia, the Middle East and Europe. The deal introduced zero-fee USDC conversions to US dollars, expanding the stablecoin’s global liquidity reach and making it more attractive to traders in key international markets.

In August, Circle turned its focus to Asia, where its executives met with the CEOs of South Korea’s four largest banks — KB Kookmin, Shinhan, Hana and Woori — to explore onchain integrations and the potential issuance of a won-backed stablecoin. 

The company also joined SBI Group, Ripple and Startale in a joint venture to promote USDC adoption in Japan and develop a tokenized asset trading platform for real-world assets.

Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’

Computer chip manufacturer Nvidia reported its financial results for the second quarter of its 2026's fiscal year, beating Wall Street expectations for revenues and earnings per share (EPS).

Nvidia reported Q2 revenue of $46.7 billion, a 6% rise over the previous quarter, and over $26.4 billion in net income. The company’s revenue was up by 56% from the previous year, according to Wednesday’s announcement.

The company disclosed EPS of $1.08, using GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia also posted a profit margin of around 72.4% for the quarter.

Shares of Nvidia sank by about 3.3% in after-hours trading Wednesday.

Nvidia is the world’s largest publicly traded company, with a market capitalization of over $4.4 trillion at this writing. The company is the leading manufacturer of artificial intelligence and computing chips, and has also grown to have geo-strategic importance for the US government.

Related: Nvidia releases update for ‘critical’ vulnerabilities in AI stack

Nvidia reports zero H20 sales to China

Nvidia addressed concerns over its China business in its latest earnings report, saying sales of its H20 processor had not reached the country. “There were no H20 sales to China-based customers in the second quarter,” the company said.

The H20 processor is a weaker version of Nvidia’s H100 chip designed for the Chinese market in compliance with existing US regulations around the export of high-performance computer chips used in AI applications.

In January, US President Donald Trump’s administration announced it was seeking to tighten export controls on Nvidia H20 sales to China due to “national security” concerns.

The Trump administration followed through and imposed strict export controls, which included export licenses and fees totaling about $5.5 billion, bringing H20 chips bound for China to a screeching halt. 

However, the administration reversed its stance in August, allowing H20 chip sales to China to resume on the condition that Nvidia gives the US government 15% of the revenue from the chips sold to the China.

Magazine: 9 curious things about DeepSeek R1: AI Eye

Ethereum [ETH]’s momentum in the latter half of 2025 is proving hard to ignore.

Beyond its record-breaking price surge, the world’s second-largest cryptocurrency is dominating the ETF arena and attracting deep-pocketed institutions.

BlackRock quietly loads up on Ethereum

The latest signal came from BlackRock, which added nearly $315 million worth of ETH in recent transactions.

Blockchain analytics firm Arkham revealed that BlackRock has quietly executed one of its largest Ethereum purchases yet, amassing $314.9 million worth of ETH across multiple transactions.

The world’s top asset manager used ETF-linked wallets to scoop up Ethereum in tranches, with several 10,000 ETH transfers (worth around $46 million each) coming from Coinbase Prime hot wallets.

Smaller frequent buys followed, such as a batch of 2,691 ETH.

This accumulation isn’t happening in isolation.

A new class of “Ethereum Treasury Firms,” publicly traded companies such as BitMine, SharpLink, and ETHZilla have also been adding ETH to their balance sheets.

Collectively, these firms now hold over 3.7 million ETH, nearly 3% of the total supply.

ETH price action and ETF inflows

The timing of these purchases was critical.

Ethereum traded at $4,578.88 at press time, up 3.3% in 24 hours and 9% on the week.

Moreover, on the 26th of August, spot ETH ETFs posted $455 million of inflows, according to Farside Investors.

Such momentum has fueled bullish forecasts, with Tom Lee, Chairman of BitMine and Head of Research at Fundstrat, arguing that ETH remains undervalued and should be trading closer to $6,000.

Is the “Ethereum killer” label no longer valid?

Even now, Solana [SOL], Avalanche [AVAX], Polygon [MATIC], Aptos [APT], and Sui [SUI] compete in niches such as gaming, high-speed transactions, and enterprise adoption.

However, Ethereum has secured its dominance through Layer-2 scaling solutions and its role as the settlement layer of the ecosystem.

As AMBCrypto previously noted, the outdated “Ethereum killer” label no longer applies.

Instead, the industry is evolving into a multi-chain landscape where Ethereum remains the foundation while specialized chains thrive in parallel.

Ishika Kumari

Ishika Kumari is a Crypto Analyst and Content Strategist at AMBCrypto, specializing in the analysis of cryptocurrency regulations, market trends, and the socio-political impact of blockchain technology. Her expertise is grounded in her academic background as a graduate of Political Science from the renowned University of Delhi. This discipline has equipped her with a sophisticated framework for analyzing complex governance models, international regulatory landscapes, and the economic principles that underpin decentralized systems. At AMBCrypto, Ishika applies this unique analytical lens to her work. She excels at breaking down intricate subjects—from the technicalities of new protocols to the nuances of global crypto legislation—into clear, accessible, and insightful content. Her primary mission is to bridge the gap between the complexity of the digital asset industry and the everyday reader, ensuring that AMBCrypto's audience is not just informed, but truly understands the forces shaping the future of finance.

Tron [TRX] still commands 48.69% of Tether [USDT] flows, with Ethereum [ETH] at 42.23% and Binance Chain [BSC] trailing at 4.06%. This means Tron is attracting most on-chain liquidity.

But does it align with actual on-chain usage? According to AMBCrypto, that divergence could be what’s setting up Binance Coin [BNB] to flex as a serious L1 contender.

BNB chain gains traction in USDT transfers

USDT drives 60%+ of stablecoin activity, serving as the main liquidity rail.

According to Glassnode, since Q4 2022, Tron has dominated USDT transfer volume with over 50% share, Ethereum has hovered above 20%, and other chains collectively captured less than 30%.

Lately, Tron’s share has slipped to 45%, BNB jumped past 20%, and Ethereum reclaimed >30%. And these numbers are based on the 30-day MA of on-chain USDT transfers, so we’re looking at sustained flow shifts.

Source: Glassnode

Simply put, BNB’s jump in USDT transfer volume shows it’s capturing a larger portion of stablecoin flows “on-chain.” Even with only 4% USDT dominance, capital is increasingly routing through BSC.

Why does it matter? Stablecoins aren’t just a “safe haven” during risk-off flows. They’re the liquidity engine powering DeFi activity, on-chain tx volume, and settlement rails across protocols. 

Against this backdrop, rising USDT transfer volume on BSC is a subtle signal that BNB is flexing as an L1 settlement layer. In turn, hinting at the chain’s on-chain repositioning and growing network relevance.

On-chain flows signal BSC repositioning

With USDT flows shifting, it’s worth tracking where liquidity lands.

Since Q3 started, Tron’s Total Value Locked [TVL] ticked up from $5 billion to $6.2 billion, marking a 24% increase. Meanwhile, BSC’s popped from $6 billion to $7.8 billion, a 30% jump. 

In this context, BNB is driving deeper on-chain capital deployment, acting as sideline liquidity when markets flip risk-on.

Backing this up, TRX delivered 23.3% ROI over the same window, while BNB came in at 28.41%.

Source: TradingView (TRX/BNB)

The outcome? TRX/BNB hit its first red quarterly candle since Q1 2024.

On-chain metrics back it up: BSC’s daily active addresses are up 17% over three months to 226k, while Tron is down 0.7%. Clearly, rising USDT transfer volume on BSC is driving tangible network adoption.

Taken together, these shifts highlight growing on-chain momentum, positioning BSC as a credible L1 contender, and BNB as a key liquidity and settlement engine in the ecosystem.

Ritika Gupta

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

REX Shares, in partnership with Osprey Funds, filed an N-1A registration statement with the Securities and Exchange Commission (SEC).

This registration seeks to launch what could be the first spot Binance Coin [BNB] exchange-traded fund in the United States, including a staking component.

The proposed fund would list on the Cboe BZX Exchange if approved by the SEC.

Interestingly, on the same day, Bitwise Asset Management filed an application with the agency for a spot Chainlink ETF.

If approved, the fund would hold Chainlink tokens directly and track the CME CF Chainlink-Dollar Reference Rate. In addition, Canary filed for an Official Trump [TRUMP] ETF.

The REX-Osprey BNB + Staking ETF was structured similarly to Solana’s [SOL] staking ETF (SSK), allowing exposure to spot BNB while generating returns from staking

Source: Eric Balchunas/X

Moreso, investment firm B Strategy, backed by YZi Labs, announced plans for a $1 billion Nasdaq-listed BNB treasury company, designed to act as a Berkshire-style vehicle for the ecosystem.

This move signaled growing institutional demand for BNB and contributed to a 4% price rebound from $833 to $857 at press time.

Implications on OI, volume and inflows

The implications of such institutional activity were seen in the Open Interest (OI), Volume and daily Net Flows.

Per Artemis Analytics, BNB led all other chains by Net Flows of more than $15 million. Polygon [POL] and Base came close, but were still below $10 million on the day.

OI rebounded above $1.50 billion after dipping to $1.72 billion earlier. The Aggregated Bid-Ask delta flipped positive, with buy orders topping 300K per hour.

Source: CoinGlass

More analysis of data from CoinGlass noted a similar trend in Trading Volume. It reached $1.25 billion with still more hours to go before the day’s close.

Is the altcoin starting a bigger rally?

Binance coin traded at $857 after the bounce from the higher low around the $830 level. Previously, BNB rose by 8% from the same zone, but the ETF-fueled bounce only managed half of that.

However, this slight recovery could be a precursor to a much bigger rally expected in September.

Buying momentum was also kicking in with the MACD turning green after the crossover. The next target for BNB was at $900, but the lower high resistance at $870 needed to be conceded.

Source: TradingView

On the downside, sentiment across the broader market would determine whether BNB’s recovery extended into a full rally.

Lennox Gitonga

Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto, bringing the rigor of traditional financial analysis to the digital asset space. With a Bachelor of Commerce in Finance, he possesses a strong academic foundation in market principles and investment analysis. His expertise is sharpened by hands-on experience as a professional equities trader and financial analyst, where he honed his skills in analyzing complex market structures. Since transitioning his focus to cryptocurrency in 2019, Lennox has applied this disciplined approach to the blockchain sector. He specializes in providing in-depth analysis on both a technical and on-chain level, interpreting everything from price action and chart patterns to network health and transactional data. At AMBCrypto, Lennox is dedicated to translating this multifaceted data into clear, actionable insights. His work empowers readers by making sophisticated market analysis accessible, helping them understand the key drivers behind cryptocurrency valuations and trends.