How to use cryptocurrency to buy a home in Dubai (legally and safely)
Dubai now enables crypto property deals under clear VARA rules, with major developers like Damac and Emaar accepting BTC, ETH and stablecoins.
Brazil's lower house to hold hearing on creating national Bitcoin reserve
If a bill to create a BTC reserves passes in Brazil's House of Representatives, it will require Senate approval before being signed into law or vetoed by the country's president.
SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy
SharpLink is leaning hard into Ethereum. They buy. They stake. They hold. Ethereum currently trades at $3,621.61, with a $437.16 billion market cap. SharpLink now holds a massive 521,939 ETH—raw ETH sitting right on their balance sheet. Very few public vehicles hold this much. Even fewer show this level of conviction. SharpLink Big Buys Last Week From July 28 to August 3, SharpLink—often dubbed the “Ethereum version of MicroStrategy”—scooped up a staggering 83,561 ETH. They spent $264.5 million, averaging $3,634 per ETH. That’s not a small bet. It’s a bold statement. They see value. They see yield. They’re not just The post SharpLink’s Ethereum Accumulation Hits High Top With Staking Strategy appeared first on The Merkle News.
OpenAI releases powerful new AI model that anyone can run on their devices
OpenAI, the creator of ChatGPT, is launching a new, powerful open-source AI model. The race for dominance in artificial intelligence has resulted in another major win for small developers and consumers. On Tuesday, August 5, OpenAI released a new open-source…
CZ breaks silence as White House order aims to dismantle Operation Chokepoint 3.0
Key Takeaways Banks may soon face penalties for politically motivated financial restrictions, particularly against crypto firms, as the White House’s upcoming order could reshape institutional behaThe post CZ breaks silence as White House order aims to dismantle Operation Chokepoint 3.0 appeared first on AMBCrypto.
Galaxy Digital Adds 4,272 BTC in Q2 as Equity Hits $2.6 Billion
Galaxy Digital reported Q2 2025 net income of $30.7 million, adding 4,272 BTC to its holdings for a total of 17,102 BTC. The firm now boasts $2.6 billion in equity and $1.2 billion in cash and stablecoins. Bitcoin Holdings Reaches 17,102 BTC as Galaxy Reports $30.7 Million Q2 Profit Galaxy Digital Inc. (Nasdaq: GLXY) has […]
James Howells pivots from landfill dig to tokenization in lost Bitcoin saga
After failing to retrieve a hard drive with 8,000 BTC, James Howells is turning the lost coins into the basis of a new DeFi project.
SEC Says Certain Liquid Staking Models Not Securities
The U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance said Tuesday that certain “liquid staking” activities in the crypto sector do not constitute securities transactions under federal law. SEC: Liquid Staking Safe From Registration if Kept Simple In a new statement, the SEC’s corporate finance unit clarified its stance on a specific form […]
Best crypto to buy now ahead of the next bull run
While the crypto market remains under pressure this week, some potential bullish catalysts may trigger a bull run in the coming months. Potential catalysts include the ongoing Bitcoin (BTC) and Ethereum (ETH) ETF inflows, altcoin ETF approval by the Securities…
Ripple price prediction for August 2025 — What comes after July’s rally?
July 2025 turned up the heat for Ripple. XRP nearly blasted past its all-time high — something we hadn’t seen since way back in 2018. But just when it looked like the rocket was about to launch, the price pulled…
Ethereum price prediction 2030: Is $10K realistic?
On July 30, 2025, Ethereum marked its 10-year anniversary — a decade of pushing Web3 forward with breakthroughs like smart contracts and decentralized finance. And it’s still going strong. Thanks to its mature developer ecosystem, ongoing scalability improvements, and growing…
Solana Price Jumps as Seeker Phones Ship Globally: Is This the Catalyst for a SOL Bull Run?
Solana Mobile has officially begun global shipments of its second-generation Web3 smartphone, the Seeker, to over 50 countries, and its launch has directly impact the Solana price. With more than 150,000 pre-orders and a feature-rich design tailored for crypto users and developers, the device is already igniting renewed bullish sentiment in the Solana (SOL) ecosystem. […]
Bitcoin's $404 mln outflows vs. Ethereum's 15-week inflow streak: What's going on?
Key Takeaways Digital assets saw $223 million in outflows, ending a 14-week streak. Bitcoin bore the brunt, while Ethereum continued to attract inflows. Digital asset investment products recorThe post Bitcoin's $404 mln outflows vs. Ethereum's 15-week inflow streak: What's going on? appeared first on AMBCrypto.
Coinbase Rolls out Beta for API-Powered Embedded Wallets
On Tuesday, Coinbase revealed it has launched a beta version of “Embedded Wallets” for developers, offering integrated wallet creation, fiat onramps, token swaps, and 4.1% USDC rewards through a unified API suite. Coinbase Debuts Embedded Wallets Beta The new tool, part of the Coinbase Developer Platform (CDP), allows developers to incorporate self-custodied crypto wallets directly […]
Strategy provided new comments on why it won’t release proof of reserves
Strategy has repeatedly rejected the idea of releasing proof of reserves, citing various reasons for this stance. Recently, Strategy chairman Michael Saylor, the company CEO Phong Le, and Executive Vice President Andrew Kang provided new comments on why Strategy is…
SEC clarifies stance on liquid staking activities
U.S Securities and Exchange Commission does not view certain liquid staking activities as the offer and sale of securities. In a press release, the SEC says that liquid staking activities are not considered securities when applied in the sense of…
Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years
Popular chart analysis service TradingView contains a bug in the Fibonacci retracement technical analysis tool.
Ether-stacking BitMine crosses $3B milestone as ETH rallies 6%
ETH rallied nearly 6% on Monday after BitMine disclosed a major purchase, raising the total value of its Ether holdings to more than $3 billion.
BlackRock Bitcoin fund sees largest outflow in 9 weeks
BlackRock’s IBIT saw a $292M outflow Monday — its largest in nine weeks — as Bitcoin rebounded from weekend losses and spot ETF momentum cooled.
Yield-bearing stablecoin supply surges after GENIUS Act
The supply of USDe has increased by 70%, while that of USDS rose 23% since the GENIUS Act was signed into law on July 18.
From Coinbase to Milei and LIBRA: Crypto class-action suits pile up
Class-action lawsuits against crypto-related firms are building up, with cases facing major firms such as Bakkt and Coinbase.
SEC’s Peirce defends transaction privacy as Tornado Cash verdict looms
SEC Commissioner Hester Peirce said developers of open-source privacy software should not have to answer for the actions of others using their software.
Trump to order probe of crypto and political debanking claims: WSJ
The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reported.
How a police officer stole 50 BTC from a seized crypto wallet and got caught
A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice.
Philippines SEC cracks down on unregistered crypto exchanges
The Philippines SEC flagged OKX, Bybit, KuCoin and others for offering crypto services without authorization, warning of enforcement and app store bans.
CrediX recovers $4.5M in crypto after successful exploit negotiation
CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said.
How fake news and deepfakes power the latest crypto pump-and-dump scams
Web3 pump-and-dump schemes thrive on hype, anonymity, and unregulated markets; understanding their playbook is key to avoiding costly traps.
BlackRock leads record $465M spot Ether ETF Monday exodus
After a month of record-breaking inflows, US spot Ether ETFs saw their largest-ever daily outflow of $465 million on Monday, led by BlackRock’s iShares Ethereum Trust.
Bitcoin treasuries add 630 BTC while ETFs shed $300M as price ranges
Bitcoin investors have seriously contrasting views on “buying the dip” at current levels, with treasuries adding while ETFs reduce BTC exposure.
Will XRP repeat its 70% rally? Price nears classic fractal breakout
XRP is repeating technical patterns from its early 2025 rally, pointing to a potential surge toward the $3.75–$4.00 range.
Sergey Nazarov compares Chainlink’s CRE to Ethereum’s early breakthrough
Chainlink co-founder Sergey Nazarov said the Chainlink Runtime Environment could be as transformative as the Ethereum Virtual Machine.
Coinbase plans $2B dual-tranche note sale to fund buybacks, acquisitions
Coinbase plans to raise over $2 billion in a dual-tranche offering to fund future investments and stock buybacks.
EU proposal to scan all private messages gains momentum
With 19 EU member states backing it, the Chat Control proposal could mandate pre-encryption message scanning on apps like WhatsApp and Signal by October.
Galaxy Digital posts $31M profit as Bitcoin holdings climb to 17,102 in Q2
Galaxy Digital added over 4,200 BTC in the second quarter, helping the company return to profitability after a $295 million loss in Q1.
How to day trade crypto using ChatGPT and Grok
AI tools like Grok and ChatGPT are changing how traders approach crypto day trading, spotting sentiment shifts in real time and turning them into structured trade plans.
‘Time is now’ for US to lead global crypto race, says CCI chief
With the White House’s latest digital assets report, CCI chief Ji Kim says the US is finally stepping up to claim its place at the front of the global crypto race.
AI bot ‘Clanker’ racks up $34M in swap fees launching Base memecoins
Users of Clanker, an AI-powered memecoin generator, have created over 355,000 tokens and earned over $34.4 million in fees amid rising AI agent adoption.
SharpLink now holds almost $2B in Ether after $264.5 million buy
SharpLink marches ahead with its Ether strategy, bagging $264 million of ETH, raising its total staked ETH holdings to 521,939 ETH.
Blockchain-focused Figure Technology joins crypto IPO wave with SEC filing
Public markets provide new fundraising avenues for blockchain companies, enabling them to tap into capital from traditional markets.
Top 5 cities where you can pay rent entirely in Bitcoin
Paying rent in Bitcoin is easy, secure and gaining popularity among tenants. Many cities globally now have tech infrastructure to facilitate Bitcoin payments.
This open-source LLM could redefine AI research, and it’s 100% public
Switzerland’s fully open LLM merges transparency, sustainability and Web3 utility designed for research, DeFi and AI compliance.
Bitcoin analysis warns BTC price 'going lower' first as $113K slips
Bitcoin lacks upward momentum as eyes fall on old all-time highs near $109,000 — can upside liquidity provide the springboard bulls need?
Insiders, outsiders and experimenters, revisited
Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths.
Bitcoin options point to growing caution: BTC price to $110K next?
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000.
Bitcoin slumps, but LTC, CRO, ENA, and MNT remain strong on the charts
Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July.
US SEC says certain liquid staking activities fall outside of securities laws
In a new staff statement, the SEC clarifies that certain crypto liquid staking practices do not constitute securities offerings, marking a step toward clearer digital asset regulation.
10,000,000 RLUSD Minted as Stablecoin Passes New Milestone
Ripple's stablecoin has surpassed $600 million in market cap
State Street and Stablecoin Standard to educate tradFi firms on crypto
Major asset manager State Street partners with Stablecoin Standard to educate tradFi on crypto.
Succinct’s Prover Network goes live with 1,700 programs and $4b in secured value
The Succinct Prover Network is entering the market at full speed with an active ecosystem already securing billions across Ethereum, Solana, and Bitcoin, suggesting that the demand for ZK infrastructure isn’t just real; it’s accelerating. On August 5, the Succinct…
CRO price eyes rebound to $0.20 as top Cronos metrics jump
Cronos price moved sideways on August 5, mirroring the performance of Bitcoin and most altcoins. Cronos (CRO) token was trading at $0.1347, a range it has remained in over the past few days. This price is about 74% above its…
Trump Boosts American Eagle Shares With Praise to Sydney Sweeney
Twelve days after actress Sydney Sweeney’s denim campaign gave American Eagle Outfitters stock a lift, shares have climbed yet again—this time fueled by U.S. President Donald Trump giving Sweeney’s ad his stamp of approval. American Eagle Stock Pops After Trump Backs Sweeney’s Denim Campaign Sydney Sweeney’s denim ads made waves, sending American Eagle Outfitters stock […]
These 3 Coins Under $1 Could Become 2025’s Millionaire-Makers Like Solana (SOL)
In 2024, investors saw incredible returns from tokens that most had discarded. Solana (SOL) made a comeback of over 85%, and Ripple (XRP) skyrocketed by more than 235%, while Dogecoin (DOGE) soared over 300%, all due to a mix of utility, hype, and momentum. Looking forward to 2025, a new set of under-$1 tokens with [...] The post These 3 Coins Under $1 Could Become 2025’s Millionaire-Makers Like Solana (SOL) appeared first on Blockonomi.
Solana Futures Volume Surges 252% In July; Remittix ICO Soars Past $18M Raised As Listing Announcements Near
Futures traders notably increased trading in Solana (SOL) during July, exploding futures trading volume by 252%. Meanwhile, an otherwise quieter but no less formidable competitor is gaining traction among early adopters — Remittix (RTX), a payments-focused protocol already having surpassed $18 million raised. This new utility token is gaining traction heading into its listing cycle. [...] The post Solana Futures Volume Surges 252% In July; Remittix ICO Soars Past $18M Raised As Listing Announcements Near appeared first on Blockonomi.
Bitcoin Spot Market Dries Up: Relentless Buying Off Exchanges Powers Growth
Bitcoin is trading at a pivotal level after losing key support zones, triggering concerns among investors about a potential deeper correction. After spending over two weeks consolidating in a tight range, BTC broke down sharply, reaching lows around $112,000. This sudden drop has shaken market sentiment, with some analysts warning of further downside if demand […]
Ethereum news: As Open Interest explodes, is $5K unstoppable?
Key takeaways Ethereum’s Open Interest has hit a record $8.7B on Binance, a sign of growing leveraged bets without overheating. ETH now may be on track for a breakout toward $5K. Ethereum [EThe post Ethereum news: As Open Interest explodes, is $5K unstoppable? appeared first on AMBCrypto.
Bitcoin Drops Below $113K After Trump Announces New Tariffs
U.S. President Donald Trump announced new tariffs on pharmaceuticals and semiconductor chips on Tuesday morning during a CNBC interview. Trump Tariff Threat Shakes Crypto: Bitcoin Drops Below $113K Crypto and stock markets edged lower on Tuesday morning, with bitcoin ( BTC) dropping below $113K after U.S. President Donald Trump told CNBC that his administration will […]
SEC says certain liquid staking activities fall outside of securities laws
In a new staff statement, the SEC clarifies that certain crypto liquid staking practices do not constitute securities offerings, marking a step toward clearer digital asset regulation.
Coinbase debuts seedless wallets to simplify crypto app onboarding
Coinbase is launching a new developer toolkit that could make crypto integrations much easier.
The next SHIB isn’t BONK, PEPE or WIF, here’s the token that could be
After SHIB’s historic surge, investors eye Little Pepe as the next breakout. #partnercontent
Franklin Templeton’s tokenized money market fund expands to BounceBit
BounceBit has added support for Franklin Templeton’s tokenized money market fund, with the integration targeted at bringing structured yield strategies to investors. BounceBit announced its integration with asset manager Franklin Templeton on August 5, noting that the firm’s tokenized money…
The Rotation From Solana Continues As Investors Trade Into Ethereum Heavyweights PEPE and RTX
Solana is still trending in crypto circles, especially after its major push in tokenized real-world assets (RWAs). But traders are beginning to rotate into newer Ethereum-based plays like PEPE and Remittix (RTX), a fast-rising PayFi coin. Many are now calling it one of the best crypto to buy now in 2025. Solana Sees RWA Surge, [...] The post The Rotation From Solana Continues As Investors Trade Into Ethereum Heavyweights PEPE and RTX appeared first on Blockonomi.
Dogecoin (DOGE) to Outperform Solana (SOL) This Bull Cycle, But Rising Token Under $0.002 Could Lead in Gains
Currently trading around $0.27, Dogecoin (DOGE) is showing strong potential to outperform major players like Solana (SOL). However, while DOGE’s legacy and momentum make it a formidable contender, a new meme coin, Little Pepe (LILPEPE), priced under $0.002, is gaining traction as a potential leader in gains. DOGE Displays Strength as Solana Stumbles Dogecoin is [...] The post Dogecoin (DOGE) to Outperform Solana (SOL) This Bull Cycle, But Rising Token Under $0.002 Could Lead in Gains appeared first on Blockonomi.
Pi Network Price Crashes To All-Time Low After Latest Announcement — Details
The price of Pi Network’s native token, PI, has tumbled to its lowest level ever recorded, breaking below $0.4 before continuing its retrace to $0.35 at the time of writing. The crash comes just days after a controversial announcement from the Pi Network team, which may have intensified bearish sentiment across the community. PI Breaks […]
Solana’s price eyes $200 after whale buys SOL worth $12M
Key Takeaways Solana surged 5% as whales withdrew $12 million to Kamino, Buy-Sell Delta turned positive, and a golden cross formed. All eyes are now on the $172 resistance for a potential breakout. The post Solana’s price eyes $200 after whale buys SOL worth $12M appeared first on AMBCrypto.
XLM price forms a rare pattern as Stellar transactions jump
XLM plunges 23% from yearly high despite network growth and September upgrade Stellar Lumens (XLM) was trading at $0.3972 today, August 5, which was about 97% from its lowest point this year. Stellar transactions and stablecoin growth Nansen data shows…
BNB crosses the corporate Rubicon in $500m CEA reserve strategy
CEA Industries just turned itself into a BNB proxy for institutional investors. With ex-Galaxy Digital leadership, $500 million secured and another $750 million in potential warrants, the company appears to be betting on Binance’s entire ecosystem. In a press release…
MEI Pharma’s Crypto Treasury Move: 930,000 Litecoin Tokens Acquired
MEI Pharma Inc. has become the first U.S.-listed public company to adopt litecoin ( LTC) as a primary reserve asset, deploying $100 million from a recent stock sale to acquire 929,548 tokens of the cryptocurrency. Litecoin Creator Charlie Lee Joins MEI Pharma’s Board The clinical-stage biopharmaceutical company (Nasdaq: MEIP) disclosed the LTC acquisition in an […]
Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years
Popular chart analysis service TradingView contains a bug in the Fibonacci retracement technical analysis tool.
Saylor’s Strategy has doubled its Bitcoin stash since Trump’s election
Strategy has amassed 60% of its total holdings since Trump’s election, with its third-largest dollar-value purchase last week.
Ether-stacking BitMine crosses $3B milestone as ETH rallies 6%
ETH rallied nearly 6% on Monday after BitMine disclosed a major purchase, raising the total value of its Ether holdings to more than $3 billion.
BlackRock Bitcoin fund sees largest outflow in 9 weeks
BlackRock’s IBIT saw a $292M outflow Monday — its largest in nine weeks — as Bitcoin rebounded from weekend losses and spot ETF momentum cooled.
Yield-bearing stablecoin supply surges after GENIUS Act
The supply of USDe has increased by 70%, while that of USDS rose 23% since the GENIUS Act was signed into law on July 18.
From Coinbase to Milei and LIBRA: Crypto class-action suits pile up
Class-action lawsuits against crypto-related firms are building up, with cases facing major firms such as Bakkt and Coinbase.
SEC’s Peirce defends transaction privacy as Tornado Cash verdict looms
SEC Commissioner Hester Peirce said developers of open-source privacy software should not have to answer for the actions of others using their software.
Trump to order probe of crypto and political debanking claims: WSJ
The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reported.
How a police officer stole 50 BTC from a seized crypto wallet and got caught
A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice.
Philippines SEC cracks down on unregistered crypto exchanges
The Philippines SEC flagged OKX, Bybit, KuCoin and others for offering crypto services without authorization, warning of enforcement and app store bans.
CrediX recovers $4.5M in crypto after successful exploit negotiation
CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said.
How fake news and deepfakes power the latest crypto pump-and-dump scams
Web3 pump-and-dump schemes thrive on hype, anonymity, and unregulated markets; understanding their playbook is key to avoiding costly traps.
BlackRock leads record $465M spot Ether ETF Monday exodus
After a month of record-breaking inflows, US spot Ether ETFs saw their largest-ever daily outflow of $465 million on Monday, led by BlackRock’s iShares Ethereum Trust.
Bitcoin treasuries add 630 BTC while ETFs shed $300M as price ranges
Bitcoin investors have seriously contrasting views on “buying the dip” at current levels, with treasuries adding while ETFs reduce BTC exposure.
Will XRP repeat its 70% rally? Price nears classic fractal breakout
XRP is repeating technical patterns from its early 2025 rally, pointing to a potential surge toward the $3.75–$4.00 range.
Sergey Nazarov compares Chainlink’s CRE to Ethereum’s early breakthrough
Chainlink co-founder Sergey Nazarov said the Chainlink Runtime Environment could be as transformative as the Ethereum Virtual Machine.
Coinbase plans $2B dual-tranche note sale to fund buybacks, acquisitions
Coinbase plans to raise over $2 billion in a dual-tranche offering to fund future investments and stock buybacks.
EU proposal to scan all private messages gains momentum
With 19 EU member states backing it, the Chat Control proposal could mandate pre-encryption message scanning on apps like WhatsApp and Signal by October.
Galaxy Digital posts $31M profit as Bitcoin holdings climb to 17,102 in Q2
Galaxy Digital added over 4,200 BTC in the second quarter, helping the company return to profitability after a $295 million loss in Q1.
How to day trade crypto using ChatGPT and Grok
AI tools like Grok and ChatGPT are changing how traders approach crypto day trading, spotting sentiment shifts in real time and turning them into structured trade plans.
‘Time is now’ for US to lead global crypto race, says CCI chief
With the White House’s latest digital assets report, CCI chief Ji Kim says the US is finally stepping up to claim its place at the front of the global crypto race.
AI bot ‘Clanker’ racks up $34M in swap fees launching Base memecoins
Users of Clanker, an AI-powered memecoin generator, have created over 355,000 tokens and earned over $34.4 million in fees amid rising AI agent adoption.
SharpLink now holds almost $2B in Ether after $264.5 million buy
SharpLink marches ahead with its Ether strategy, bagging $264 million of ETH, raising its total staked ETH holdings to 521,939 ETH.
Blockchain-focused Figure Technology joins crypto IPO wave with SEC filing
Public markets provide new fundraising avenues for blockchain companies, enabling them to tap into capital from traditional markets.
Top 5 cities where you can pay rent entirely in Bitcoin
Paying rent in Bitcoin is easy, secure and gaining popularity among tenants. Many cities globally now have tech infrastructure to facilitate Bitcoin payments.
This open-source LLM could redefine AI research, and it’s 100% public
Switzerland’s fully open LLM merges transparency, sustainability and Web3 utility designed for research, DeFi and AI compliance.
Bitcoin analysis warns BTC price 'going lower' first as $113K slips
Bitcoin lacks upward momentum as eyes fall on old all-time highs near $109,000 — can upside liquidity provide the springboard bulls need?
Insiders, outsiders and experimenters, revisited
Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths.
Bitcoin options point to growing caution: BTC price to $110K next?
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000.
Bitcoin slumps, but LTC, CRO, ENA, and MNT remain strong on the charts
Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July.
Traders who predicted Ripple’s $0.50 to $3.50 rally are buying this affordable memecoin
After XRP’s 600% surge, top traders now back Little Pepe as the next under-the-radar breakout play. #partnercontent
Mevolaxy introduces mevstaking for steady gains in a volatile market
Mevolaxy is offering a new approach to crypto staking by using MEV bots to generate steady returns from market volatility rather than relying solely on market growth.