Business & Finance
Bitcoin slips under $100000 as Iran Strait threat rattles oil and Wall Street warns JP Morgan
Crypto markets tumble while oil traders brace for chaos after reports that Iran might block the Strait of Hormuz, triggering risk-off jitters.

Bitcoin plunged below the psychological $100,000 mark on Sunday for the first time since May, shaking investor confidence and hinting at a wider risk-off mood on Wall Street as fresh geopolitical fears erupt in the Middle East.
The world’s largest cryptocurrency wasn’t alone in its slide — major altcoins XRP, Ether (ETH) and Solana (SOL) also took heavy hits, dragging the broader crypto market deep into the red.
At the heart of the panic lies a familiar hotspot: the Strait of Hormuz. The narrow waterway between Oman and Iran is the world’s most crucial oil chokepoint, with nearly 20% of global oil trade flowing through its 21-mile width.
At the heart of the panic lies a familiar hotspot: the Strait of Hormuz. The narrow waterway between Oman and Iran is the world’s most crucial oil chokepoint, with nearly 20% of global oil trade flowing through its 21-mile width.
Fresh reports over the weekend suggested Iranian lawmakers are weighing the option to block the Strait, retaliating against escalating tensions after recent US strikes on Iran’s nuclear sites.
“After US strikes on Iran last night, 50+ large oil tankers were scrambling to leave the Strait of Hormuz… an immediate drop in supply is expected to send prices higher. JP Morgan described this as their worst-case scenario in the Israel-Iran war,” The Kobeissi Letter posted on X, capturing the markets’ fear.
Analysts at JP Morgan warn that if Iran seals the Strait, oil prices could skyrocket to $120–$130 per barrel, reawakening inflationary ghosts that have haunted economies since the pandemic. Such a spike could drive US inflation up to 5%, the highest since March 2023, which may force the Federal Reserve to rethink its stance on interest rates just as Wall Street had begun dreaming of rate cuts.
As oil fears grip energy traders, the domino effect hit crypto first. Bitcoin fell below $100,000, a level many thought would hold firm through 2025. XRP slumped 6% to $1.935, its weakest price since early April, while Ether revisited lows not seen since May.
Market watchers caution that if the Strait drama escalates, the twin threat of surging oil and shaky markets could darken the mood across global equities this week.
Sports
Lou Holtz confirms return to Fayetteville for Notre Dame vs Arkansas fans say history is repeating itself
Legendary coach Lou Holtz, who once led both Arkansas and Notre Dame, will attend the Week 5 clash between the Fighting Irish and Razorbacks in Fayetteville.

College football is about more than just touchdowns and rivalries — it’s about history, legacy, and the legends who shaped the game. Few names embody that spirit like Lou Holtz.
The 88-year-old coaching icon confirmed through a video message posted by the Notre Dame Club of Arkansas that he will be in attendance at Donald W. Reynolds Razorback Stadium on Saturday, September 27, when Notre Dame takes on Arkansas in a much-anticipated Week 5 non-conference matchup.
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A coach who belongs to both schools
Holtz’s connection to both programs is deep. After brief stints at William & Mary and NC State, he took the reins at Arkansas in 1977. His very first season set the tone — an 11-1 record capped off with an Orange Bowl victory. Over seven seasons, he delivered a 60-21-2 record, establishing the Razorbacks as national contenders.
But it was his decade at Notre Dame that turned him into a household name. From 1986 to 1996, Holtz rebuilt the Irish into a powerhouse, culminating in the 1988 national championship season. That undefeated 12-0 run remains one of the proudest chapters in Notre Dame history. To this day, Holtz is one of only three coaches to win at least 100 games with the Irish.

A rivalry inside a friendship
Holtz has also remained in headlines for his fiery back-and-forth with Ryan Day, the head coach of Ohio State. Their exchanges, sometimes testy, have become a quirky subplot in the broader college football world — a reminder that Holtz’s passion for the game hasn’t dimmed even at 88.
The series years in the making
Saturday’s matchup marks the beginning of a long-awaited home-and-home series between Notre Dame and Arkansas. Originally announced back in 2017, the series was set to begin in 2020 at Notre Dame Stadium in South Bend. However, the COVID-19 pandemic forced a reshuffling, pushing that leg of the matchup to 2028.
For fans, that makes this Fayetteville showdown even more meaningful. It’s more than just a football game — it’s the merging of two programs Holtz once guided, with the man himself watching from the stands.
Why it matters
For Arkansas fans, Holtz’s return is a chance to celebrate a golden era when he turned the Razorbacks into a national force. For Notre Dame, his presence recalls the last time the Irish reached the pinnacle of college football. And for the sport as a whole, it’s a reminder that legends never really leave — they simply return at the right time.
As Holtz makes the trip back to Fayetteville, fans from both sides will feel a sense of history in the air. Whether you wear the gold and blue of Notre Dame or the cardinal red of Arkansas, Saturday promises to be more than a game. It’s a reunion with one of college football’s greatest storytellers.
Business & Finance
Dutch firm Amdax raises $23M to chase 1% of Bitcoin supply what it means for global markets
Crypto service provider Amdax launches AMBTS with bold plans to secure 210,000 BTC and list on Amsterdam’s Euronext exchange.

A new player has entered the global race for Bitcoin dominance. Dutch cryptocurrency service provider Amdax has raised €20 million ($23.3 million) to launch a new Bitcoin treasury company, AMBTS, with an audacious goal — to accumulate 1% of all Bitcoin that will ever exist.
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The announcement, made on Friday, confirmed that multiple investors participated in the initial funding round. AMBTS will operate as an independent, privately held firm with its own governance structure, aiming for a listing on Euronext Amsterdam.
If successful, AMBTS would eventually hold 210,000 BTC, currently valued at over $23 billion, cementing its place among the largest Bitcoin treasuries in the world.
AMBTS intends to leverage the capital markets to increase its Bitcoin holdings and sequentially generate equity appreciation and grow Bitcoin per share for its shareholders,” the company said in its announcement.
Corporate Bitcoin treasuries on the rise
The move by Amdax is part of a wider trend in which corporations have increasingly adopted Bitcoin as a strategic reserve asset. The strategy gained global attention in 2020 when Michael Saylor’s company MicroStrategy (then Strategy) pioneered the corporate Bitcoin treasury model.
Since then, the list of companies holding Bitcoin has expanded far beyond crypto-native firms. Electric vehicle giant Tesla, e-commerce powerhouse MercadoLibre, Brazilian fintech Méliuz, and even Canadian video platform Rumble have disclosed Bitcoin on their balance sheets.
Other notable adopters include Norway’s Aker ASA, Thai telecom Jasmine, U.S. coal producer Alliance, and investment manager Samara based in Malta. Each of these firms has contributed to a shrinking supply of Bitcoin available in circulation, reinforcing the narrative of scarcity that underpins Bitcoin’s market value.
International momentum builds
Amdax’s move comes on the heels of several other ambitious treasury strategies worldwide.
Earlier this week, Metaplanet, a Japanese Bitcoin treasury firm, approved plans to raise nearly $880 million, with most of the capital earmarked for Bitcoin purchases. Meanwhile, French semiconductor company Sequans Communications filed for a $200 million equity offering aimed at expanding its own Bitcoin treasury strategy.
At the same time, MicroStrategy continues to dominate the space. The company currently holds 632,457 BTC, worth more than $69.5 billion, representing more than 3% of all Bitcoin that will ever exist. In August alone, co-founder Michael Saylor hinted at three separate Bitcoin acquisitions, underscoring the company’s relentless pace.
A bold bet from Amsterdam
While $23 million is only a small step compared to MicroStrategy’s multibillion-dollar holdings, Amdax’s vision is clear — establish AMBTS as a European counterpart in the Bitcoin treasury race. Its decision to pursue a listing on Euronext Amsterdam reflects growing institutional demand for Bitcoin exposure in regulated financial markets.
As the firm sets out to acquire 210,000 BTC, one question looms large: can Amdax’s AMBTS secure its place among the titans of Bitcoin accumulation, or will the challenge of competing against giants like MicroStrategy prove too steep?
For now, the launch represents another signal that Bitcoin’s role as a corporate reserve asset is far from slowing down. The fight for who controls the world’s Bitcoin supply has just intensified — and Amdax wants a full 1% stake in it.
Business & Finance
Trump family linked American Bitcoin seals Nasdaq debut after merger with Gryphon shareholders say yes
Gryphon Digital Mining shareholders approve a reverse merger with American Bitcoin, paving the way for Nasdaq trading under ticker ABTC.

In a move that could reshape the landscape of public Bitcoin mining companies, Gryphon Digital Mining has officially approved its reverse merger with American Bitcoin, a crypto mining venture backed by the family of Donald Trump, the current President of the United States.
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The decision came after Gryphon shareholders voted in favor of the all-stock merger on Wednesday, with the company confirming the outcome on Friday. The deal sets the stage for a five-to-one reverse stock split and a rebranding of the combined company under the American Bitcoin name. Starting September 2 at 5:00 pm ET, the new entity will trade on Nasdaq under the ticker “ABTC.”
A dramatic shift for Gryphon
The reverse stock split will cut Gryphon’s outstanding shares to just 16.6 million from 82.8 million, streamlining the share base ahead of its new market debut. The merger provides American Bitcoin with a shortcut to public markets, leveraging Gryphon’s existing Nasdaq listing instead of pursuing a separate initial public offering.
Following the announcement, Gryphon’s stock experienced sharp volatility. After soaring 41% on Thursday, shares slid more than 10% on Friday as investors weighed both the excitement and risks of the deal.
The Trump family’s Bitcoin bet
American Bitcoin is no ordinary mining company. Launched in March after a rebrand from American Data Center, the project is spearheaded by Donald Trump Jr. and Eric Trump. The initiative was created in partnership with Hut 8, a well-known digital asset mining and infrastructure provider.
From the outset, American Bitcoin has marketed itself as a “pure-play” Bitcoin miner, with the explicit goal of amassing a substantial BTC treasury. Current disclosures confirm holdings of 215 BTC, but estimates from BitcoinTreasuries.net suggest the company could control as many as 1,941 BTC, positioning it among notable corporate Bitcoin holders.
Strategy and market impact
The merger theoretically fuses Gryphon’s low-cost mining operations with American Bitcoin’s bold accumulation strategy, creating a company designed to appeal to investors seeking both efficiency and aggressive exposure to the world’s largest cryptocurrency.
Industry observers note that this move comes amid a wider trend: public companies expanding their Bitcoin treasuries to hedge against inflation and attract crypto-focused investors. Collectively, listed firms now hold nearly 989,926 BTC, with MicroStrategy — led by Michael Saylor — accounting for almost 64% of the total corporate stash.
What’s next for ABTC?
As the merged entity prepares to debut on Nasdaq, questions remain about how investors will respond to its unique blend of political ties and crypto strategy. The Trump family connection adds a layer of intrigue, especially as regulatory scrutiny around digital assets intensifies in the United States.
For now, the merger signals a bold gamble: blending established infrastructure with an ambitious Bitcoin hoarding plan, all while entering the public markets under one of the most politically charged brand names in crypto history — American Bitcoin (ABTC).
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