Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

An address poisoning scam has cost Ethereum users over $1.6 million in one week. Victims inadvertently copied fake addresses seeded into their wallet histories, triggering costly transfer errors. One trader sent 140 ETH (worth $636 000) to a poisoned address after mistaking it for a trusted contact. Security firm ScamSniffer documented this case, highlighting how scammers exploit copy-paste habits and truncated address displays in popular wallets. The scam involves attackers sending small or zero-value transactions to victims to pollute their transaction history. Over seven days, losses rose past March’s total of $1.2 million, with other victims losing $880 000, $80 000 and $62 000 respectively. Experts warn that as crypto adoption grows, address poisoning scams will become more prevalent, underlining the need for rigorous address verification before transfers.

PI Network price has fallen 2.85% over the past 24 hours and lost 13% in the last month, but technical indicators suggest a bullish reversal. On the 4-hour chart, PI Network price formed a classic cup-and-handle pattern, with resistance at $0.48 marking the handle’s boundary. A sustained breakout above this level could fuel a rally of up to 24%. Supporting this view, the MACD histogram is shifting from dark to light orange, indicating fading selling pressure, while the signal line sits below the MACD line—a setup often preceding a rebound. Meanwhile, the Money Flow Index is approaching the positive zone, pointing to renewed liquidity inflows. Community Sentiment data reinforces the bullish case: 82% of 4.2 million investors expect an impending rally, which could drive further buying volume. Traders should still watch broader market conditions, as overall crypto sentiment and macro factors will influence the timing and strength of PI Network’s anticipated upswing.

Bitcoin is experiencing rising volatility after plunging from $124,533 to $117,927, triggering $342 million in liquidations across the crypto market. Data from Glassnode shows the Deribit DVOL index near historic lows, indicating limited demand for downside protection and potential for sudden price shocks. Key resistance at $127,000 may cap further gains, while a successful breach could open an upside target of $144,000. Market sentiment has turned cautious amid profit-taking and macroeconomic concerns, intensifying selling pressure on Bitcoin prices. Short-term support remains around $118,000, with stop-loss orders likely clustering near this level. Traders should monitor liquidation events and volatility spikes, as low DVOL readings often precede sharp market movements. In the medium term, overcoming the $127,000 resistance could signal renewed bullish momentum and attract fresh inflows. Overall, Bitcoin’s current volatility underscores the importance of risk management and close attention to on-chain indicators.

Prominent crypto trader Jeffrey Huang’s recent high-leverage trading on Ethereum resulted in over $4 million in unrealized losses. On-chain data shows his 25× leveraged long position on ETH was liquidated due to sharp price swings. This event underscores the risks of high-leverage trading and its impact on ETH market volatility. Traders should consider risk controls like stop-loss orders and lower leverage to mitigate potential losses. Large leveraged positions can amplify market sentiment and trigger rapid price movements, as seen in Huang’s case.

Bitcoin has retreated below $120,000 after US Treasury indicated no federal purchases, trading around $118,600. On-chain data from CryptoQuant via CryptoOnchain shows Binance has recorded one of its seven highest average BTC inflows recently. Rising inflows without matching withdrawals or buying demand can increase exchange supply and trigger short-term selling pressure. Concurrently, Binance’s Estimated Leverage Ratio for Bitcoin fell from 0.27 to around 0.25, suggesting reduced speculative exposure after profit-taking and liquidations. A sustained ELR between 0.24 and 0.25 amid rising Bitcoin prices could indicate stability driven by spot demand. However, a sudden ELR spike above 0.27 during a test of the $120,000–$124,000 range would heighten the risk of a sharp correction. Traders should monitor these inflow and leverage trends for clues on Bitcoin’s next move.

Bitcoin held steady near $118,000 as traders anticipated volatility from the first Trump-Putin peace talks. The meeting yielded no ceasefire agreement on Ukraine, with Trump noting some progress and Putin calling it a “starting point.” Ukraine’s absence drew criticism from President Zelenskyy. Despite concerns, Bitcoin’s price dipped briefly below $117,000 but rebounded to around $118,000, showing resilience. The market reacted more to hotter-than-expected US Producer Price Index data, which had driven Bitcoin down from its all-time high of $124,500 to under $118,000. Crypto traders should monitor macroeconomic indicators alongside geopolitical developments.

Top Win International has raised $10 million to fund its Bitcoin treasury strategy. The Hong Kong–based luxury watch brand turned digital assets company secured $2 million from Taiwan’s Wiselink via a three-year convertible note and $8 million from U.S. asset manager United Capital Management and other investors. Proceeds will be used to purchase BTC and may also fund stakes in other publicly-listed firms with Bitcoin treasury strategies. Top Win, which listed on Nasdaq in April 2025 (ticker changed to SORA), clarified it will not operate as an investment company. Shares fell over 15% on opening day but remain up 12% over five days. This move underscores growing corporate adoption of Bitcoin treasury strategies, following similar initiatives by Sequans Communications and Norges Bank Investment Management. At press time, BTC traded around $117,199.

Dogecoin and Ethereum whales have been quietly accumulating MAGACOIN FINANCE, a presale altcoin targeting up to 8,000% gains in the 2025 bull cycle. On-chain data shows significant ETH outflows into smaller tokens like MAGACOIN, reflecting a strategic shift as Ethereum whales diversify beyond blue-chip assets while maintaining core ETH holdings. Meanwhile, top DOGE holders redirect profits into MAGACOIN FINANCE, pointing to rare cross-whale consensus on its growth prospects. Market analysts compare this behavior to early Shiba Inu accumulation, noting MAGACOIN’s community-driven tokenomics and market-timed structure as key drivers. Projections suggest potential 1000x returns upon exchange listing, fueling both retail and institutional interest. Traders should monitor whale wallet activity and upcoming liquidity waves, as early positioning in MAGACOIN FINANCE may signal one of 2025’s leading altcoin rallies.

Monitoring data from LookIntoChain shows a mysterious whale entity moving 92,899 ETH (about $4.12 billion) out of Kraken over four days. Three new wallets executed the large transfers, signaling significant Ethereum outflows from the exchange. Such withdrawal of Ethereum reduces sell-side pressure on Kraken and may indicate a strategic long-term hold or an off-exchange investment. Traders are watching whether this move foreshadows increased market bullishness or if it reflects a shift in institutional holdings. Large transfers like this highlight the importance of tracking exchange outflows, as they can impact liquidity, price stability, and broader market dynamics.

On August 15, Bitcoin spot ETFs recorded a combined net outflow of $14.13m, led by Grayscale’s GBTC with $81.82m in redemptions. BlackRock’s IBIT was the only fund to attract capital, posting a $114m inflow and lifting its total net inflows to $58.67bn. Total assets under management for Bitcoin spot ETFs now stand at $151.98bn, or 6.54% of Bitcoin’s market capitalisation, while cumulative net inflows into all spot ETFs have reached $54.97bn. These daily ETF flows reflect short-term portfolio rebalancing and profit-taking rather than a broader sell-off, with IBIT’s strong performance highlighting ongoing institutional demand for regulated Bitcoin exposure. Traders should monitor long-term ETF performance trends, liquidity levels, fee structures and wider crypto market conditions. Diversifying across multiple Bitcoin spot ETFs may help manage risk and capture evolving institutional flows.

Synthetix will deprecate its Optimism deployment and fully migrate operations to Synthetix Mainnet on Ethereum. Starting August 18, perpetuals enter close-only mode; on August 25, open positions will be force-closed with margin airdropped in sUSD; full deprecation follows on August 31. Traders must close positions and bridge sUSD to Ethereum via Superbridge. SNX and sUSD holders on Optimism should move funds to Mainnet, where they can stake SNX (~37% APR), stake sUSD in the 420 Pool (~44% APR), or provide liquidity. Infinex users are auto-bridged. The shutdown ends Synthetix’s Layer 2 deployments and consolidates Synthetix Mainnet as the protocol’s high-performance perp exchange. Users are urged to migrate ahead of deadlines to avoid forced closures and maintain access to staking rewards.

Whale activity indicates accumulation of Litecoin (LTC), Avalanche (AVAX) and Stellar (XLM) ahead of a potential Bitcoin price spike. Grayscale upped its Litecoin holdings to 2.1 million LTC (~$180 million), while BlackRock tokenized $53.8 million in AVAX on Avalanche’s network. Stellar whales moved over 245 million XLM on-chain in a week, sending 90 million XLM to dead wallets to tighten supply. Analyst Michaël van de Poppe sees current Bitcoin price spike preparations as normal range behavior before a bullish breakout. Historically, such consolidations precede significant altcoin rallies. Emerging altcoin MAGACOIN FINANCE (MAGA) is also gaining interest, with traders targeting a possible 30× upside when Bitcoin takes off. For traders seeking the best altcoin opportunities, timing accumulation before a Bitcoin price spike could maximize upside. Monitor LTC, AVAX, XLM and high-potential projects like MAGA for early exposure to the next market surge.

REXShares’ Solana Staking ETF (SSK) drew $13 million in 24-hour inflows and $66 million in trading volume, marking its highest performance since launch. Solana Staking ETF inflows now account for nearly 20% of SSK’s assets under management, underscoring growing institutional demand. On-chain data show a rising Exchange Whale Ratio as large holders accumulate SOL. The influx of ETF capital and whale activity has lifted SOL by 33% from its Fibonacci support zone. Broader altcoin market bullishness is reflected in rising daily active addresses and improved risk appetite. Technical resistance at $206 may cap near-term gains, but sustained Solana Staking ETF inflows and continued whale accumulation could propel SOL toward the $250 target. Traders should watch ETF net flows, whale wallet metrics and key support and resistance levels for potential entry points.

Last week, Bitcoin and Ethereum exchange-traded funds (ETFs) reached all-time high trading volumes, underlining growing investor confidence in digital assets. Record ETF flows suggest increased liquidity and potential for more stable crypto pricing. Institutional and retail participation in these regulated vehicles is expanding despite regulatory uncertainties, as ETFs simplify exposure to BTC and ETH without direct custody risks. The surge may accelerate regulatory clarity and drive the development of new crypto financial products. Key takeaways:Bitcoin and Ethereum ETFs set volume records;ETF activity enhances market liquidity and price stability;Regulatory frameworks could evolve faster, fostering further innovation in the crypto ecosystem.

On August 16, the cryptocurrency market saw significant declines, with Bitcoin and Ethereum prices dropping as spot ETFs recorded substantial net outflows. Bitcoin ETFs registered $14.01 million in outflows, while Ethereum ETFs saw $59.3 million withdrawn, and excluding BlackRock’s inflows, Bitcoin ETF outflows reached $128.5 million and Ethereum ETFs $397.4 million. Ethereum fell 4.27% to $4,435, and altcoins like ARB, CRV, and EIGEN dropped 8.15%, 5.57%, and 5.67% respectively. The downturn also impacted crypto-related stocks: BLSH slid 6.82%, BMNR 4.37%, and SBET 15.5%. Net ETF outflows intensified bearish sentiment, underscoring the link between fund flows and price movements in the short term.

XYZVerse is gaining traction as analysts draw parallels with SHIB’s pre-rally phase. The meme coin merges sports Web3 features with real utility and a clear roadmap. Its presale has raised over $15 million, with the token price rising from $0.0001 to $0.005. The next stages target $0.01 and a final presale price of $0.02 before a major token listing at an anticipated $0.10, potentially offering up to 1,000x returns if market capitalization aligns. XYZVerse secured an on-chain sportsbook partnership, rewarding token holders with exclusive betting perks. Robust tokenomics include scheduled burns and planned CEX/DEX listings to drive scarcity and liquidity. Community-driven airdrops further incentivize active contributors. With growing demand from retail and institutional investors, traders should monitor presale milestones, listing announcements, and partnership rollouts. Short-term volatility may present entry points, while long-term growth depends on successful launches of gamified products and sports collaborations.

Betting markets now assign a 99% probability to US SEC approval of a spot Solana ETF. Multiple issuers have filed applications, and a staking-enabled SOL ETF has already launched overseas, adding momentum to US regulatory discussions. Institutional investors are preparing for streamlined Solana exposure without wallet management or private keys. If a spot Solana ETF gains approval—potentially before year-end—it could unleash significant capital inflows and boost liquidity for SOL. However, the formal review process, public comment period and SEC scrutiny remain key hurdles. Traders should monitor SEC updates and institutional filings as indicators of timing and market impact.

OpenAI has secured $8.3 billion in a new funding round, part of a planned $40 billion series. The round closed early with fivefold oversubscription amid strong demand. The company’s annual recurring revenue rose from $10 billion in June to $13 billion and is projected to exceed $20 billion by year-end. Paid ChatGPT enterprise users have grown from 3 million to 5 million in recent months. This capital injection will fuel further AI product development and commercial expansion at OpenAI.

Major US banking associations have urged Congress to tighten stablecoin regulation under the GENIUS Act. In a letter to the Senate Banking Committee, they called for amendments to close loopholes that allow digital asset exchanges and affiliates to offer yield products on payment stablecoins. Under current rules, stablecoin issuers cannot pay interest, but intermediaries may sidestep the ban. Banks warn this could divert deposits from traditional credit intermediation into higher-yielding stablecoins, undermining financial stability and credit supply. To address this, they propose extending the interest ban to exchanges and brokers, eliminating non-financial issuer exemptions, and strengthening state oversight. They also seek repeal of provisions that allow out-of-state chartered institutions to operate without host-state approval. These reforms aim to ensure stablecoin regulation preserves banks’ role in credit creation and maintains stablecoins as payment instruments, safeguarding market stability.

Analysts and traders are shifting focus from the traditional Ethereum vs Bitcoin debate to SEI, which could deliver a 160% rally to $0.90 by 2025. Bitcoin faces a rising wedge pattern and may correct to $105K–$110K or rally above $130K according to Captain Faibik. Ethereum’s supply is draining from exchanges, suggesting a supply-driven breakout if demand rises, notes Diana Sanchez. SEI stands out for speed, scalability, and niche positioning, making it a top candidate for traders seeking high-percentage gains. Meanwhile, MAGACOIN Finance channels early Dogecoin energy with a community-driven, meme-based approach, positioning itself as a wildcard among the best altcoins for 2025.

A major whale transferred $1.59M USDC to HyperLiquid and opened leveraged short positions on Ethereum (25×), Bitcoin (40×) and Solana (20×) on the platform. This HyperLiquid activity underscores bearish sentiment amid current crypto market volatility and reflects a hedging strategy against potential price declines. On-chain analytics highlight the importance of tracking whale transfers to gauge institutional sentiment. Traders should monitor order book imbalances, funding rates and leverage levels on HyperLiquid to manage risk and navigate potential price swings.

Injective (INJ) is approaching a key $16 breakout level as its wallet count surges past 4,000. The potential Injective breakout could trigger upside moves to new yearly highs. Price action shows INJ trading near $15 with resistance at $16.12, aligned with the 1.0 Fibonacci extension. Technical analysts highlight an ascending triangle since April, with upside targets at $20.27, $22.83 and $27.11 if the breakout holds. Pullback support lies between $14.20 and $14.50, while a drop below $13.46 could invalidate the bullish thesis. Meanwhile, cumulative INJ wallets have climbed steadily for two months, indicating growing network participation. The CBOE’s SEC filing for a Canary Capital Staked INJ ETF marks a step toward institutional adoption. These developments suggest a bullish outlook for INJ in both the short and long terms.

In 2025, MicroStrategy rebranded as Strategy and raised over $6 billion through multiple issuances of perpetual preferred stock to purchase Bitcoin. These perpetual preferred stock offerings, with 9–10% annual dividends, no maturity date, and no voting rights, have funded the acquisition of 607,000–628,791 BTC, representing nearly 3% of circulating supply. Dubbed the “BTC Credit Model” by CEO Michael Saylor, the financing includes interest rates linked to SOFR and callable protections. Strategy sets strict issuance thresholds at four times Bitcoin’s net asset value to preserve ordinary share premiums. Over 80% of Strategy’s assets are now tied to Bitcoin, increasing exposure to price swings. Critics caution that a market downturn could strain liquidity and dividend payments, likening it to a Ponzi structure. Nevertheless, the success of these securities underscores growing institutional demand and further institutionalizes crypto asset exposure.

The US Securities and Exchange Commission and Ripple Labs have filed a joint stipulation to dismiss their appeals in the ongoing XRP legal case. The status report, submitted to the Court of Appeals, confirms both parties are awaiting court approval to formally close the XRP appeals process. This follows a July request to hold proceedings in abeyance while settlement terms were finalized, including a proposed reallocation of Ripple’s $125 million penalty ($50 million to the SEC and $75 million back to Ripple), which was rejected by Judge Analisa Torres. Once the dismissal is granted, the case will move to enforcement: Ripple must satisfy the $125 million penalty and comply with existing injunction terms. Under Judge Torres’ ruling, XRP remains not classified as a security in secondary trading, although certain institutional sales are still subject to securities laws.

On August 15, 2025, India’s first Bitcoin Policy Institute (BPI India) was launched to advance Bitcoin adoption as a tool for economic self-reliance and financial independence. Founded by Mithilesh Kumar Jha and fellow experts, BPI India aims to position Bitcoin as a strategic asset to hedge geopolitical risks, reduce transaction fees, and leverage India’s projected 200 GW of renewable energy for mining operations. The institute highlights potential benefits seen in countries like Kazakhstan, which generated $500 million from Bitcoin mining in 2024, and El Salvador, which recorded 3% GDP growth after legalizing Bitcoin. BPI India also seeks to cut cross-border payment costs, responding to a 15% rise reported by the IMF, and promote financial inclusion for 1.4 billion unbanked individuals in the Global South. With India holding $700 billion in foreign exchange reserves, the institute intends to foster a self-reliant (atmanirbhar) financial paradigm. By advocating renewable-energy-powered mining and low-cost payments, the Bitcoin Policy Institute of India underscores the nation’s ambition to lead in the global cryptocurrency landscape and secure financial independence.

The ongoing market dip has created a rare altcoin buy window for key Layer-1 and Layer-2 tokens. Arbitrum (ARB) dipped after surging on PayPal integration and BlackRock’s RWA trials, while NEAR Protocol (NEAR) pulled back despite booming developer activity and an inflation vote. Hedera (HBAR) also retreated following a breakout tied to ETF speculations and an upcoming mainnet upgrade. Meanwhile, MAGACOIN FINANCE’s presale draws speculators seeking high-reward trades. Traders see this altcoin buy window as a strategic opportunity to accumulate undervalued tokens ahead of the next rally. Monitor token unlocks, network upgrades, and liquidity signals to time entries effectively.

Citigroup is evaluating stablecoin custody and crypto asset services amid rising institutional demand and clearer regulation. The bank aims to safeguard high-quality reserves backing stablecoins and crypto ETFs. Biswarup Chatterjee, Citi’s global head of partnerships and innovation, said stablecoin custody is the first focus. Citi is also exploring stablecoin payment networks, instant dollar conversions and may issue its own stablecoin. This move aligns with new U.S. legislation promoting stablecoin use in payments. Stablecoin custody interest coincides with a net inflow of $3.79 billion into stablecoins this week, lifting the market cap to $273.49 billion. Tether (USDT) dominates with a 60.42% market share. The sustained capital flow reflects growing institutional adoption and underscores demand for secure custody solutions. Meanwhile, Hong Kong’s Monetary Authority and Securities and Futures Commission warned investors against unverified licensing claims in the stablecoin market. Regulators stressed that social media hype does not equate to formal approval and pledged action on misleading statements. This regulatory oversight is expected to bring market clarity and further support institutional confidence.

Stablecoin markets attracted a net $3.79 billion inflow this week, lifting total market capitalization to $273.49 billion—a 1.4% increase that underscores growing institutional adoption. Tether (USDT) leads the sector with a 60.42% market share, reinforcing its dominance as traders seek liquid, US dollar-pegged assets to hedge volatility. Meanwhile, Hong Kong regulators have issued warnings about speculative trading and unlicensed stablecoin activities, signaling tighter oversight in one of Asia’s key financial hubs. These regulatory developments could affect liquidity and compliance costs but also validate the maturing stablecoin ecosystem. For crypto traders, the surge in stablecoin inflows points to ample market liquidity and potential opportunities to deploy capital efficiently. However, increased regulatory scrutiny in Hong Kong and beyond highlights the need for due diligence and strategic positioning amid evolving compliance landscapes.

Data from Validator Queue on August 16 shows a major Ethereum exit: 873,682 ETH (≈$38.84 billion) was withdrawn from the Proof-of-Stake network. The average withdrawal delay is 15 days and 4 hours, underscoring liquidity constraints. Over 1.08 million active validators stake about 35.4 million ETH (29.45% of total supply). DeFi analyst Ignas reports that key liquid staking platforms lead the outflows: Lido with 285,000 ETH, EthFi with 134,000 ETH, and Coinbase with 113,000 ETH. Despite this large Ethereum exit, inflows into corporate treasuries and spot ETH ETFs have surged. Holdings in Strategic Reserve and ETFs jumped 140% from 4.14 million ETH on May 1 to 10 million ETH. This growing institutional demand appears to offset selling pressure. Analysts suggest some investors timed liquidity releases anticipating ETH staking ETF allocations—a “portfolio rotation” unlikely to drain market liquidity. While the U.S. SEC’s approval deadline for spot ETH ETFs is April 2026, Bloomberg’s Seyffart forecasts possible approval as early as October 2025.