Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Two French crypto firms, Crypto Blockchain Industries (CBI) and major shareholder Ker Ventures, have struck a €200 million share-swap agreement with Turkish exchange SAFEbit to acquire up to 2,000 Bitcoin. Rather than cash, SAFEbit will receive CBI shares in daily phases, each tranche priced on the two-day VWAP with a market discount. This deal is part of CBI’s ACE strategy—Acquire, Create, Earn—aimed at securing favorable Bitcoin treasury prices and designing new financial contracts. SAFEbit, holding over 2,000 BTC, uses this share-based model to tap into European markets amid shifting crypto regulations. The transaction highlights a broader trend of corporates, from Smarter Web to MicroStrategy, building long-term Bitcoin reserves without depleting cash, signalling growing institutional confidence in Bitcoin as a strategic treasury asset.

Gate US, the American arm of Gate Exchange, has officially launched spot cryptocurrency trading services for U.S. customers. Backed by Gate Group’s global technology platform, Gate US offers high-speed order matching, risk management tools, and transparent operations that prioritize security and compliance. The exchange will initially support a wide range of crypto-to-crypto pairs, with plans to introduce fiat deposits and withdrawals, custodial wallets, and integration with local payment systems. Since its incorporation in 2020, Gate US has focused on meeting U.S. regulatory requirements, investing in compliance, education, and local hiring. The platform aims to create a user-friendly trading environment tailored to American market needs. This expansion follows similar moves by Tether and Bitmain, reinforcing U.S. leadership in blockchain innovation and digital assets.

Bank of England rate cuts have failed to ease cost pressures on UK households, leaving them £14.5 billion worse off annually since July 2024. Despite four key rate cuts from 5.25% to 4.25%, savers lost nearly £5 billion in deposit earnings while mortgage and unsecured debt costs rose by about £6 billion. Around one million homeowners remain on fixed deals above current rates, with typical borrowers facing an extra £1,300 a year in mortgage costs over the next two years. Consumer spending, which accounts for 60% of GDP, remains subdued as households build savings amid tax-hike fears and 17-month-high inflation. Further quarter-by-quarter cuts are expected, taking the rate toward 3.5% by spring 2026.

Crypto analysts are eyeing five altcoins as the market readies for a potential August rally. Leading the list is MAGACOIN Finance, which boasts a staggering 14,200% upside potential based on scarcity-driven tokenomics and viral community growth. Jeo Boden, a politically themed meme coin, and PENGU, a meme-NFT hybrid with 130+ exchange listings, follow for their strong retail momentum and Web3 utility. On the infrastructure side, Render (RNDR) offers decentralized GPU rendering services crucial for AI and metaverse projects, while SUI, a high-speed Layer 1 from Mysten Labs, delivers fast finality and developer-friendly features. These altcoins to watch span meme-driven plays and technical projects, providing diverse entry points. With Bitcoin trading in a tight range and Ethereum ETF speculation ongoing, positioning in these assets could yield significant gains if a summer breakout occurs. Traders should consider risk management ahead of the expected August rally.

ATA Creativity Global has secured a $100 million investment from Baby BTC Strategic Capital to spearhead the BTCFi ecosystem. The funding comprises $30 million in new shares and $70 million in warrants. This capital injection will support board restructuring and the acquisition of Baby tokens, creating a token reserve exceeding $100 million. ATA’s partnership with the Babylon Foundation, which stakes 45,000 BTC, aims to build a compliant bridge between decentralized finance and traditional financial markets. By focusing on BTCFi infrastructure, ATA positions itself as the first publicly listed platform dedicated to Bitcoin-based DeFi. The dual-track model—combining a robust token reserve with compliant governance—seeks to enhance liquidity and investor confidence while meeting regulatory standards. Traders should watch for potential impacts on BTC liquidity and the broader DeFi sector as ATA rolls out its BTCFi platform.

BTCS Inc. has filed an S-3 shelf registration with the SEC to raise up to $2 billion via common stock, preferred shares and warrants. The company plans to deploy the net proceeds to expand its Ethereum holdings beyond 70,028 ETH and fund validator staking and block-building operations. An additional $12 million is expected from warrant exercises to bolster working capital. BTCS has fully exited altcoin and other staking activities to focus on Ethereum’s ecosystem, using a hybrid funding strategy that combines on-chain borrowing (e.g., Aave) and At-The-Market offerings. This approach optimizes capital efficiency but carries risks tied to Ethereum price volatility and potential collateral liquidations. Traders should monitor ETH market trends, DeFi protocol health and dilution from future equity issuances.

Bitcoin surged past $114,000 to reach a new all-time high, driven by strong institutional adoption, programmed supply halving and macroeconomic uncertainty. Institutional investors—hedge funds and corporations—have increased capital allocations to Bitcoin, enhancing liquidity and market stability. Meanwhile, the recent halving event cut new BTC issuance by 50%, tightening supply amid rising demand. Macroeconomic factors, including inflation fears and safe-haven demand, also supported the rally. Despite the bullish momentum, Bitcoin remains volatile. Regulatory shifts, large-holder movements and potential market corrections pose risks. Traders are advised to use risk-management tools such as dollar-cost averaging, set clear investment goals and secure assets in reputable wallets. Technological enhancements like the Lightning Network continue to improve Bitcoin’s utility and scalability, underpinning long-term growth prospects. Short-term traders should watch volatility indicators, while long-term investors can focus on Bitcoin’s scarcity, institutional backing and evolving ecosystem.

Multiple asset managers including Franklin Templeton, Grayscale, VanEck and Fidelity have filed updated Solana ETF S-1 registration statements with the U.S. Securities and Exchange Commission. The revised spot SOL ETF filings incorporate on-chain staking provisions, dual custodianship models and a 2.5% annual fee structure in SOL tokens, reflecting ongoing SEC dialogues after the approval of in-kind redemption for Bitcoin and Ethereum ETFs. SOL’s price dipped more than 3% to close at $170.24 following the filings, suggesting profit-taking or broader market caution. Technical indicators show bearish momentum below key supports at $170 and $158. Traders will watch a close above $180 to confirm renewed bullish sentiment, while a breach under $158 could lead to a deeper correction toward $145 or $130. A successful Solana ETF approval would legitimize SOL as a mainstream investment asset, boost liquidity and attract significant institutional capital. With over $60 billion in staked SOL and a maturing DeFi ecosystem, Solana is well-positioned to benefit from an influx of long-term investors once regulatory clarity arrives.

Baby Capital has signed a $100 million term sheet to acquire a controlling stake in Nasdaq-listed ATA Creativity Global, including $30 million in new shares and $70 million in warrants. Upon closing, Baby Capital will appoint three new board members as ATA pivots into BTCFi services. The deal deepens cooperation with the Babylon protocol—currently securing over 45,000 BTC and $5 billion TVL—to integrate Bitcoin staking into DeFi. ATA Creativity will also buy Baby tokens and launch ongoing token buybacks and stock issuances. This merger bridges traditional markets and crypto DeFi, offering traders a regulated entry into BTCFi and token investments. Traders should monitor listing plans, token acquisitions, and governance updates for market impact.

According to Circle’s official data, USDC supply dropped by approximately 1.1 billion tokens over the seven days ending July 31, as 5.4 billion tokens were minted and 6.4 billion redeemed. The total USDC supply now stands at 63.9 billion, backed by $64.2 billion in reserves, including $8.8 billion in cash and $55.4 billion held in the Circle Reserve Fund. This net outflow of USDC supply represents about 1.7% of the total circulation, reflecting routine market rebalancing without immediate impact on the stablecoin’s peg or broader market liquidity.

Nasdaq-listed Mill City Ventures III secured a $500 million equity line with Alliance Global Partners to grow its SUI treasury. This follows a $450 million raise used to acquire 76.2 million SUI tokens. The new funding targets scaling its unique SUI treasury strategy in partnership with the Sui Foundation. Despite the announcement, MCVT shares fell 11.4% to $4.91 and slid another 4.3% after hours. Since unveiling its SUI treasury plan on July 24, Mill City stock is up 165%. Institutional investors including Pantera Capital, Electric Capital, ParaFi Capital and FalconX backed the earlier round, with Galaxy Asset Management managing the assets. The firm will allocate 98% of proceeds to its SUI treasury and 2% to its lending business. SUI, the 15th largest crypto by market cap, dropped 2.4% to $3.50 amid broader market weakness.

The UK’s Financial Conduct Authority (FCA) will lift its ban on retail trading of cryptoasset-backed exchange-traded notes (crypto ETNs) from October 8, 2025, reflecting market maturation and improved investor understanding. While crypto derivatives remain prohibited for retail clients, the FCA requires crypto ETN providers to comply with financial promotion rules and the Consumer Duty, and warns that these products lack FSCS protection. FCA Executive Director David Geale highlighted stronger safeguards since the initial 2021 ban. WisdomTree’s Dovile Silenskyte views the move as groundwork for broader retail engagement. Concurrently, Coinbase launched its “Everything is fine” campaign criticizing the UK’s slow regulatory pace and outdated financial system. The FCA emphasized continued caution due to volatility and consumer protection concerns, marking a cautious integration of regulated crypto products into the retail market.

Bitcoin dominance climbed to an average of 59.3% in 2025, reaching a three-year high driven by spot Bitcoin ETF approvals and growing institutional participation. Data from CoinGecko show a steady rebound in market share after the 2017-2018 altcoin surge reduced dominance to a record low of 31.1%. Daily Bitcoin dominance fluctuations have narrowed to 1.2%–1.6%, indicating increased market stability. However, historical patterns suggest a 67% probability of a seasonal decline in August and September, potentially challenging the current rally. Traders should monitor this seasonal slump risk alongside institutional inflows and ETF performance. The renewed strength in Bitcoin dominance highlights its resilience against altcoin volatility but underscores the importance of risk management during historically weak months. Market watchers and traders must factor in both the bullish trends from ETF adoption and the bearish seasonal tailwinds as they adjust portfolio strategies for the remainder of 2025.

Investors are rotating capital into cryptos under $1 that show strong narratives and growth momentum. PEPE, BONK and MAGACOIN FINANCE top the list. Pepe Coin (PEPE) climbed 20% in a month, bouncing off key support and fueling short-term volatility. However, its massive supply may cap long-term gains. Bonk (BONK) is closing in on 1 million on-chain holders. This milestone will trigger a 1 trillion token burn, driving deflationary pressure and potential price spikes. MAGACOIN FINANCE (MAGA) is experiencing whale-led accumulation. Its exclusive early-access window is nearing capacity, backed by rising utility and community engagement. These cryptos under $1 combine scarcity, whale demand and strategic access phases. Traders seeking high volatility should monitor these under-$1 tokens for possible explosive moves.

TRON has proposed a SELFDESTRUCT instruction upgrade to align with Ethereum’s EIP-6780, boosting network security and cross-chain compatibility. Under the new rules, full contract deletion is only allowed if SELFDESTRUCT is called within the same transaction as contract creation; otherwise, only assets are transferred while the contract remains on-chain. The proposal also raises the SELFDESTRUCT energy cost from zero to 5,000 energy to deter abuse and reduce denial-of-service risks. By mirroring Ethereum’s gas cost update, TRON aims to streamline smart contract deployment across both ecosystems. Developers can expect clearer deletion rules, improved interoperability, and a more stable environment for decentralized applications. The upgrade underscores TRON’s commitment to robust blockchain innovation and secure contract management.

Avalanche’s native token AVAX surged above $26 on July 29 after months of sideways trading, confirming a reversal setup. The 1.24 million volume spike underpins strong buying interest. Currently, AVAX is testing a high-liquidity zone between $27 and $28. Heatmaps show dense long positions here, making the area prone to shakeouts. The Normalized Risk Metric (NRM) stands at 0.82, the highest since January 2025, signaling overheated conditions and potential short-term corrections. Key support sits at $25, while resistance lies at $33–$35. An inverse head-and-shoulders pattern projects a breakout target of $35–$45 if momentum holds. Traders should monitor liquidity clusters and volume for confirmation before entering new positions.

Hamieverse, a Web3 ecosystem, has announced its first on-chain blockchain game built on Abstract Chain and powered by the $HAMIE token. The game blends immersive storytelling, AI mentorship, and skill-based mechanics. It draws from the Hamieverse comic series and novel to guide users through a four-stage transformation framework: Asleep, Awakening, Activation, and Ascension. Each stage integrates Learn-to-Earn, Engage-to-Earn, and Impact-to-Earn tokenomics, with 50% of ecosystem revenue used to buy and burn $HAMIE tokens. No private sale, VC allocations, or insider holdings ensures a fair, deflationary model. The August roadmap also includes the launch of Hamie AI, the Hamie Unchained Saga comic series, the first novel arc, a Galaxe Quest Campaign, and a Telegram mobile game. Beyond gaming, the Hamieverse Foundation is funding a solar-powered deepwater well in rural Africa, demonstrating real-world impact. This purpose-driven approach positions Hamieverse as a new benchmark in blockchain gaming and token utility.

Hyperliquid (HYPE) price action has turned bearish after failing to hold the $40 support. Sellers pushed HYPE below this critical level, which now serves as resistance. The next HYPE price support zones are at $37 and $32. A three-day MACD bearish cross confirms mounting selling pressure, suggesting a deeper correction in the near term. Traders should monitor these key levels: sustaining above $40 may stabilize HYPE, while a breach of $37 risks a slide into the low $30s.

Ripple (XRP) price is in a deep correction after failing to break the $3.6 resistance. The token has formed lower highs and lower lows, dropping to test the critical $3 support level. A decisive break below $3 could trigger a further decline toward $2.7. Technical indicators remain firmly bearish: both the MACD and RSI have crossed into negative territory and continue to trend downward, confirming strong selling pressure. The volume profile over the past two weeks shows sellers dominating five consecutive 3-day candles, although overall trading volume is declining, which may signal exhaustion among bears. Key resistance levels are now at $3.6 and $4, while support sits at $3 and $2.7. Traders tracking Ripple (XRP) price levels should note that declining volume could open a window for buyers to step in. Overall market momentum is bearish, but a rebound may emerge if $3 holds.

US President Donald Trump announced on Truth Social that he has ordered two nuclear submarines to an appropriate region in response to provocative remarks by Russia’s Security Council Deputy Chairman Dmitry Medvedev, who referenced the Cold War–era “Dead Hand” nuclear retaliation system. Trump criticized Medvedev’s statements as dangerously escalatory and emphasized the importance of nuclear deterrence. Separately, Trump condemned the ongoing Russo-Ukraine war for causing massive casualties—112,500 Russian soldiers and about 8,000 Ukrainian troops since January—and reiterated that his sole objective is to stop the conflict. The submarine deployment and public nuclear saber-rattling have intensified US-Russia tensions. While most analysts expect these warnings to remain rhetorical, the move adds geopolitical uncertainty that could trigger volatility in global financial markets and the cryptocurrency sector.

On August 2, BTC briefly surpassed $114,000 on OKX, trading at $114,009.90. Despite reaching a new milestone, the Bitcoin price recorded a 1.16% intraday decline as traders booked profits after the breakout. The Bitcoin price movement reflects increased market volatility around key resistance levels. Investors will watch if BTC can sustain above $114,000 or if it retreats to support zones near $113,000. The session underscores the importance of managing risk amid rapid price swings in the crypto market.

Economist Peter Schiff argued in a series of posts on X that U.S. tariffs on imports act as a “consumer tax” rather than disadvantaging foreign exporters, since all exporters face the same barrier. He warned that American consumers bear the cost unless they switch to domestic products, which often lack competitive pricing. Schiff also renewed his public feud with Bitcoin advocate Michael Saylor by criticizing a soft CNBC interview, calling Saylor a “con man” and accusing the network of failing to challenge his claims. A longtime gold bull and Bitcoin skeptic, Schiff has previously dismissed Saylor’s market influence and Bitcoin price predictions. Ironically, his criticism of fiat policies and distrust of central-bank actions aligns with broader concerns that fuel crypto adoption, often galvanizing the Bitcoin community and reinforcing its anti-establishment appeal.

The July US jobs report showed only 73,000 payroll gains, missing the 110,000 forecast and triggering downward revisions of 258,000 jobs from May and June. The US jobs report also pushed the unemployment rate to 4.2%, signaling labor market cooling. Private payrolls rose by 83,000, while government jobs fell by 10,000. Healthcare and retail led gains; manufacturing and administrative roles declined. Average hourly earnings increased 0.3% month-on-month and 3.9% year-on-year, with the workweek extending to 34.3 hours. Equities and Treasury yields slid as the report fueled a jump in September Fed rate-cut odds to 67%, per CME FedWatch. Bitcoin slipped below its 50-period EMA at $117,560, trading around $115,343. Immediate support lies near $114,000, with resistance at $117,500. Traders now await further economic data and Fed guidance.

The Crypto Fear and Greed Index fell to 54, down 12 points in 24 hours as Bitcoin market sentiment shifted towards caution. The 7-day average remains at 69, while the 30-day average holds at 71, indicating sustained bullish momentum over the past month. By monitoring the Crypto Fear and Greed Index, traders can gauge market turning points and adjust positions accordingly. High greed readings may warn of overbought conditions, while elevated fear often signals buying opportunities. Combining this sentiment metric with technical indicators and volatility analysis can enhance trade timing and risk management. Overall, the index’s drop to neutral territory suggests growing caution among investors, but underlying averages point to continued positive momentum in the cryptocurrency market.

On August 1 (US time), Bitcoin spot ETFs recorded a net outflow of $812 million, marking the second-highest single-day withdrawal in history. The Fidelity FBTC ETF led the outflows with $331 million exiting in one day, though it still holds a cumulative inflow of $12.083 billion. Ark Invest and 21Shares’ ARKB ETF saw $328 million in net outflows, with total inflows reaching $2.387 billion to date. Total assets under management (AUM) across all Bitcoin spot ETFs stood at $146.479 billion, representing 6.46% of Bitcoin’s total market capitalization. Cumulative net inflows into these ETFs have reached $54.18 billion since launch. This significant net outflow underscores shifting trader sentiment and may exert short-term pressure on Bitcoin prices. However, the substantial remaining AUM and positive long-term inflows suggest that institutional interest in Bitcoin spot ETFs remains robust.

BitMEX co-founder Arthur Hayes executed a $13 million crypto sell-off during the recent market pullback, according to Lookonchain data. He sold 2,373 ETH, 7.76 million ENA and 38.86 billion PEPE tokens across major exchanges. Over 24 hours, Ethereum slid 5% to below $3,600, while PEPE and ENA each fell around 2%. ENA had surged over 40% to $0.70 last week after the launch of the USDtb stablecoin by Anchorage Digital and Ethena Labs, coupled with a $260 million buyback by Ethena Foundation. Arthur Hayes had built his ENA position to 7.76 million tokens before this sale. Friday’s downturn followed Bitcoin’s drop to $113,000 amid President Trump’s new tariffs, triggering risk-off sentiment in crypto trading. Hayes had forecast sideways to slightly lower ranges into the Fed’s Jackson Hole symposium.

Coinglass data shows that if Bitcoin (BTC) climbs above $119,510, it will trigger about $3.735 billion in short liquidations on major centralized exchanges (CEXs). Conversely, a drop below $108,278 could liquidate $2.228 billion of long positions. These BTC liquidation thresholds signal potential volatility drivers as forced position closures can accelerate price swings. Tracking BTC liquidation volumes helps identify extreme market sentiment. Traders should monitor these levels closely to anticipate market shifts and adjust risk management strategies. Recent trends reveal rising liquidation intensities as BTC nears these price points. Understanding liquidation data is essential for crypto traders to navigate sudden market moves.

Ripple’s $125 million penalty remains in escrow until both Ripple and the SEC withdraw appeals in the XRP lawsuit. Ripple deposited the penalty in cash, confirmed by former SEC lawyer Marc Fagel, quashing token-payment rumors. Under court rules, the escrow release requires a joint appeal dismissal. Ripple has already withdrawn its cross-appeal, but the SEC’s internal vote on withdrawal is pending. This delay keeps the Ripple penalty in procedural limbo. Meanwhile, regulatory developments in Washington, such as SEC Chair Paul Atkins’s “Project Crypto,” point to a narrower stance on token classification. Experts note the SEC’s softer approach to digital assets could expedite cases like Ripple’s. Traders should watch for the SEC’s final appeal decision. A resolved appeal and released escrow could influence XRP’s market supply and price. For now, the Ripple penalty remains locked, mirroring broader U.S. crypto regulation trends.

According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $152 million on August 1, marking the end of a 20-day continuous inflow streak. Grayscale Ethereum Mini Trust led the outflows with $47.68 million withdrawn, while Bitwise’s ETHW ETF saw $40.30 million exit. Total assets under management stand at $20.108 billion, with ETFs accounting for 4.7% of Ethereum’s market cap. Cumulative net inflows have reached $9.489 billion.