Bitcoin Aiming for $190K!

Tiger Research projects Bitcoin could hit $190K in Q3.

Author

Danielle du Toit
August 29, 2025

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Here's what we've got for you today:

  • Bitcoin Headed to $190K on Institutional Wave, Research Firm Says

  • 21Shares Files to Launch SEI ETF, Joining Race with Canary Capital

  • IREN Stock Surged After Record Earnings and AI Expansion

  • Solana Lobby Group Adds $500K to Roman Storm’s Defense War Chest

Tiger Research projects Bitcoin could hit $190K in Q3, fueled by record liquidity, ETF demand, and new 401(k) access under Trump.

  • Tiger Research sets a Q3 Bitcoin price target of $190,000, projecting a 65+% gain from current levels.

  • Forecast is driven by record global liquidity, ETF and corporate accumulation, and new 401(k) access.

  • Trump’s executive order on retirement accounts suggests that Bitcoin shift into a core institutional asset, with even a 1% allocation from 401(k) pools adding $90B in demand.

21Shares filed with the SEC to launch the first US SEI ETF, with Coinbase Custody as custodian.

  • 21Shares filed with the SEC to launch a spot SEI ETF, after a similar application by Canary Capital earlier this year.

  • The proposed fund will track SEI’s price using CF Benchmarks, with Coinbase Custody as custodian.

  • SEI was launched in August of 2023, and is a layer-1 blockchain token designed for decentralized exchange infrastructure, with uses in gas fees and governance.

Bitcoin miner IREN reported record quarterly earnings, fueled by strong Bitcoin mining output and an aggressive push into AI.

  • IREN reported record quarterly revenue of $187.3 million, pushing full-year revenue to $501 million.

  • Shares jumped over 3% at close and nearly 14% in after-hours trading after the strong results ere released.

  • The surge was fueled by IREN’s impressive Bitcoin mining production, capacity expansion to 50 EH/s, and a strategic shift toward artificial intelligence.

The Solana Policy Institute pledged $500K to Tornado Cash founders’ legal defense as the fundraising for Roman Storm nears its $7M goal.

  • The Solana Policy Institute pledged $500,000 to support the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev.

  • Storm was convicted earlier this month of running an unlicensed money-transmitting business, while Pertsev was convicted in 2024 of money laundering.

  • The Free Roman Storm fund has raised $5.5 million so far, which is about $1.5 million short of its goal.

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