Cryptocurrency
Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame

Gracy Chen, managing director of global cryptocurrency exchange Bitget, advised her followers and friends not to scan their eyeballs in exchange for a few Worldcoin tokens.
“There’s a huge privacy concern,” she tells Magazine, adding that she isn’t optimistic about its price prospects given the anticipated influx of WLD tokens in the near future.
“There will be much more released in the upcoming year or two,” she explains.
Chen admits that her gig with Bitget is pretty cool, but it also means her American pals constantly bug her for favors.
“Since we stopped onboarding U.S. customers, I’ve had lots of friends who hold a U.S. passport ask if they can get a little back way to open an account.”
“I refuse a lot of requests like that. It is a red line that we just don’t cross,” Chen says.
Before she started steering strategy at Bitget, Chen worked as an anchor and producer at Phoenix TV’s tech and finance channel, a major player in China’s media scene.
However, a billion-dollar idea came knocking and quickly led Chen away from journalism.
In 2015, she co-founded a tax startup designed for freelancers, and it skyrocketed to unicorn status in just three years.
“It’s a financial tech company. So, what they do is they provide services for freelancers. They serve the freelancers and provide taxation and salary automation services,” she says.
However, one of her proudest achievements was having football legend Lionel Messi join the Bitget team as a partner.
Chen says Messi faced stiff competition from many candidates, but Bitget ultimately selected him due to his paternal qualities and similarities with the exchange.
“He had a good reputation as a father, husband and team leader, and also we kind of see some similarity between Bitget and Messi,” she states.
Read also
Chen says that Bitget started in a bear market, and similarly, Messi suffered from growth hormone deficiency when he was young and first starting out in the sport.
“He’s not tall. He is at a disadvantage, so he had a very hard starting point as well.”
What led to Twitter fame?
Chen explains that she discovered her love for Twitter, now X, only after snagging her high-ranking crypto position.
“My Twitter following began in crypto. I guess I wasn’t really active on Twitter when I was a journalist because I was mainly covering the Asian market and reporting in Mandarin,” says.
Chen has a very friendly-natured approach to X, explaining breaking events in broken-down, easy-to-understand threads for her followers.
However, she observes that her Twitter following surges during the same periods Bitget’s business activity spikes.
“My followers grew during a certain period of time, from the end of last year to earlier this year. That’s a period of time when I see a singularity point where you see exponential growth, and that’s also when we had growth in our company.”
“So, I would contribute my success or any sort of achievement or following number mainly to Bitget’s growth,” she adds.
What type of Twitter content can you expect?
Chen’s Twitter account offers serious variety. You’ll get a glimpse into her jet-setting escapades, and who knows, you might even stumble upon some wild travel inspiration.
But when the crypto world goes haywire — whether it’s lawsuits, exchanges going down or everything in between — Chen serves up honest breakdowns in bite-sized portions.
What type of content do you like?
Chen has mixed feelings about Twitter, thinking it can sometimes become a raucous battleground.
“Twitter is basically a very noisy place. Everyone is changing their opinions and trying to be attention grabbers,” Chen declares.
She reveals that she enjoys seeing updates from Altcoin Daily and Coin Bureau, but she advises hardcore Crypto Twitter addicts to tear their eyes away from the screen every now and then.
“I would highly recommend anyone who is a heavy user of crypto information on Twitter to spend at least one hour or two away from social media and do fundamental research and talk to a group of trustworthy friends.”
Predictions
Chen firmly believes that Bitcoin exchange-traded funds are on the path to approval, though 2023 might not be the year it happens.
“Not this year — we only have three months left this year. Maybe early 2024,” she predicts.
She hints that it could be a “very good driving force” for the next bull market.
When it comes to Coinbase and Binance’s showdown against the SEC, Chen suggests Coinbase might be in safe waters — but Binance could be in for a rollercoaster.
“I personally think that Coinbase is a pretty well-regulated, U.S.-driven crypto exchange, so the lawsuits might be settled by some fines. As for the SEC vs. Binance, it is much trickier.”
However, she is confident that Binance’s legal warriors will put up a good fight:
“I think they have a very, very big and strong legal team to battle this fight.”
Subscribe
The most engaging reads in blockchain. Delivered once a
week.
Cryptocurrency
Ethereum (ETH) Price Decline, Recent Cardano (ADA) Predictions, and More: Bits Recap August 1

TL;DR
ETH slumped by 6% amid the broader market correction, but whale accumulation, a nine-year low in exchange balances, and steady ETF inflows hint at a possible rebound in the near term.
ADA dropped even more, yet analysts remain bullish, with some predicting a surge beyond $4 if the asset clears key resistance at $0.92.
BTC briefly dipped below $114,500, but an RSI near 30 suggests oversold conditions, while optimistic traders eye a breakout to $145K-$150K.
ETH Heads South
The past several hours have not been pleasant for the cryptocurrency market, which has registered a significant pullback following the latest tariffs implemented by the Trump administration.
Ethereum (ETH) is among the losers with its price dropping by 6% on a daily scale to around $3,600 (per CoinGecko’s data). Historically, August has tended to be a bearish month for the asset, with gains recorded only in 2017, 2020, and 2021. It will be interesting to see if this year proves to be among the exceptions.
On the other hand, some key factors suggest that this might be only a temporary correction, followed by another rally. Whales have scooped up thousands of ETH in the past days, signaling strong confidence and reducing the amount of coins available on the open market.
Additionally, the number of tokens stored on crypto exchanges plummeted to a nine-year low of under 19 million. This means that investors have shifted from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.
The flow of capital into spot ETH ETFs remains solid, while those interested in exploring more bullish factors and optimistic price predictions can refer to our article here.
ADA’s Next Targets?
Cardano’s native token has performed even worse than ETH in the past 24 hours, slipping by 8% to approximately $0.72 (its lowest point since mid-July).
Despite the downtrend, many analysts foresee a renewed uptrend knocking on the door. The popular X user, Ali Martinez, believes ADA’s current price structure resembles that of the last bull cycle, which was later followed by a massive rally.
Cardano $ADA is showing the same price structure as the last cycle, only this time, it’s unfolding more gradually. And it feels like we’re right at the beginning of an explosive move. pic.twitter.com/xbg3phaz6x
— Ali (@ali_charts) August 1, 2025
Hardy and Smith are also among the optimists. The former claimed ADA’s bull run has yet to begin, while the latter argued that the valuation could skyrocket to a new all-time high above $4 once it surpasses the breakout target of $0.92.
What About BTC?
The primary cryptocurrency briefly dipped under $114,500 before recovering some of the losses. As of this writing, it trades at around $115,000, representing a 3.2% drop on a daily basis.
Its negative performance coincides with the broader correction of the cryptocurrency market, as well as the actions of retail investors who appear to have shifted into selling mode.
However, many members of the crypto community believe BTC’s bull run is far from being over. X user CRYPTOWZRD forecasted a pump to $145,000 if it breaks $120,000, whereas Grypto GEMs set a target of $150,000.
Bitcoin’s Relative Strength Index (RSI), which measures the latest speed and magnitude of price changes, supports the bullish thesis. Currently, the ratio is hovering around 30, meaning the asset is oversold and may be due for a resurgence. Conversely, anything above 70 could be interpreted as a precursor of a pullback.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
ETH Price Falls, But Ethereum ETFs Keep Breaking Records

Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days.
This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains.
Institutional Appetite
The latest run of 20 days surpassed an earlier one of 19 green days between May 16 and June 12, cut short by $2.18 million in outflows on June 13. This was followed by a few days of intermittent flows before the current spree kicked off in earnest on July 3.
It has since pushed cumulative allocations to $9.64 billion, per SoSoValue data, with July alone seeing $5.41 billion in net capital directed toward ETH ETFs, more than the combined total of the previous 11 months.
BlackRock’s ETHA remains the market leader, attracting $18.18 million on July 31 and now holding $11.37 billion in assets, representing 2.52% of ETH’s market cap. Meanwhile, Grayscale’s ETHE reported $6.8 million in withdrawals, though its $4.22 billion asset base shows its continued relevance. Fidelity’s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion.
The momentum is striking when viewed against historical trends. The last recorded outflow was on July 8, after which funds posted some of their largest single-day gains, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. These inflows helped Ethereum ETF assets climb to $21.52 billion, roughly 4.77% of the cryptocurrency’s market cap.
Ethereum Price Action
Despite the ETF-fueled demand, ETH slipped 2.4% in the last 24 hours to around $3,786, following a brief rally to $3,933 earlier this week. However, the token is up 53% in the past 30 days, outpacing Bitcoin’s rangebound movement between $116,000 and $119,000.
Industry analysts see these ETF flows as structurally bullish. Recently, QCP Capital cautioned that overheated funding rates could introduce near-term resistance around $4,000, but it stressed that continued institutional demand, paired with corporate treasuries like SharpLink Gaming and BitMine accumulating billions in ETH, may underpin further upside.
Meanwhile, on July 31, the total value traded across ETH ETFs stood at $1.28 billion. If this pace holds, it could help ETH challenge its November 2021 all-time high of $4,878 sooner than expected, potentially cementing its role as the frontrunner in an altcoin-led cycle.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know

Nate Geraci, President of The ETF Store, believes that the world’s largest asset manager – BlackRock – will file for an XRP ETF.
If true and if history is any indicator, this could have a long-term positive impact on XRP as an asset, following in the footsteps of ETH and even BTC.
BlackRock XRP ETF a Possibility According to Expert
Geraci believes that it’s only logical for BlackRock to file for an XRP ETF. He cited the asset manager’s attempt to position itself as a “thought leader,” and thinks that it wouldn’t make a lot of sense for the financial behemmoth to ignore a top-five non-stablecoin cryptocurrency by means of total market capitalization. He also thinks the firm will file for a spot Solana (SOL) ETF.
He also believes that they will be filing for an index-based crypto ETF:
If launching index-based crypto ETF (which I’m highly confident they will), then you’re launching individual spot ETFs. I get the “BlackRock is all in on ETH,” or “they think XRP is scam.” This is all about business. They open up flank not pursuing additional spot ETFs IMO.
To this, he also added that by failing to add more individual spot ETFs, BlackRrock would essentially send a message to their clients and prospective investors that “there will only ever be two winners in crypto: BTC and ETH.”
He also said that they are still early because one of their main competitors is still following the “blockchain, not bitcoin” meta.
Sticking w/ prediction that BlackRock will launch both xrp & sol ETFs…
Doesn’t make sense that world’s largest asset manager (& current leader in both spot btc & eth ETFs) would ignore two top 5 non-stablecoin crypto assets.
I also expect them to launch index-based crypto ETF.
— Nate Geraci (@NateGeraci) August 1, 2025
XRP ETFs The New Meta?
It’s perhaps safe to assume that a major deterrent for large-scale asset managers to file for XRP ETFs was the ambiguity surrounding its legal status amid the case between the US Securities and Exchange Commission and Ripple Labs.
Now that this has almost been resolved, and following the Commission’s newfound crypto-oriented focus, investors and asset managers are far more confident in the US-based crypto company. This has also largely been reflected in XRP’s price, which is up by a staggering 400% in the last year.
Multiple companies have already filed for a spot XRP ETF, including Franklin Templeton, Bitwise, Canary Capital, Grayscale, 21Sharse, and WisdomTree.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions