Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On August 19 at 08:00 UTC, Binance launched its Season 1 MITO Booster Event, enabling traders to deposit BNB or USDT into the Simple Yield Mitosis Treasury and earn a share of 15 million MITO tokens. The BNB pool yields 117.9% APY, while the USDT pool offers 66.25% APY. There is no Alpha Point threshold for participation. Redemption occurs through the Mitosis DApp: BNB redemptions take up to 10 days and USDT up to 5 days. Traders participating in the MITO Booster Event should plan around these extended redemption windows to optimize liquidity. With high APY rates and easy entry, the event presents an attractive yield opportunity for crypto investors.

Bitcoin price dropped below the $118,000 mark, signalling renewed bearish momentum. BTC/USD slipped under the 100-hour simple moving average and the $116,500 support zone, forming a low at $114,715. Immediate support levels are $115,000, $114,750 and $113,500, with a key floor at $112,000 and major support at $110,000. On the upside, Bitcoin price faces resistance at $117,000, $118,000 and $118,500. Clearing $118,500 could push BTC toward $119,500 (the 50% Fib retracement of the recent decline), then $120,000 and $121,500. Technical indicators remain bearish: the hourly MACD is in negative territory and the RSI sits below 50. Traders should watch the $118,000 trend line closely. A failure to reclaim this level may lead to further declines, while a breakout above $118,500 could reignite bullish momentum.

Stellar XLM price is trading at $0.42, consolidating near a critical support level. The Stellar XLM price chart shows a tight range between $0.375 and $0.50. A breakout above $0.50 would open upside targets at $0.60 and $0.77. However, a breach below $0.375 could trigger a slide toward lower support. Stellar’s adoption is on the rise. The network has grown to 9.69 million wallets. Over 5,000 new institutional addresses join daily. Total value locked on Stellar exceeds $150 million. These on-chain metrics point to increasing ecosystem engagement. Traders are advised to watch the $0.50 resistance and $0.375 support levels. A decisive move above resistance could spark bullish momentum. Conversely, a drop below support may signal further declines. Monitoring order book depth and wallet creation trends will help anticipate price action. Overall, strong adoption may support long-term stability, while short-term moves hinge on key technical levels.

ETH Strategy, a treasury protocol offering leveraged ETH exposure, has partnered with EtherFi to allocate part of its treasury funds into ETH restaking via EtherFi’s non-custodial service. EtherFi manages over $12 billion in TVL and pioneered the EigenLayer-based liquid restaking token eETH. Participants can stake ETH, receive eETH for liquidity, and earn both staking and restaking rewards. The collaboration scales ETH restaking, strengthens Ethereum network security by committing more capital to Actively Validated Services (AVSs), and diversifies staking risk. ETH Strategy plans to integrate more DeFi protocols within EtherFi’s ecosystem to broaden future revenue sources. Traders should monitor smart contract and slashing risks associated with leveraged positions and eETH liquidity. This partnership underscores growing demand for liquid restaking solutions and marks a key milestone in Ethereum’s evolving yield landscape.

Korean regulators will introduce a KRW stablecoin regulation bill in October. This KRW stablecoin regulation will provide guidelines on issuance, collateral management, and internal controls. The Financial Services Commission (FSC) plans the bill as part of Phase II of the Virtual Asset User Protection Act. Lawmaker Park Min-kyu confirmed the timeline after receiving an FSC briefing. The draft aims to reduce reliance on USD-backed stablecoins and institutionalize won-backed tokens. Major banks are also collaborating on a KRW stablecoin slated for launch by late 2025 or early 2026. Separately, Jeju tax authorities have begun freezing crypto assets of around 3,000 individuals who owe $14.2 million in taxes, underscoring stronger enforcement against crypto tax evasion.

The White Whale, a prominent whale trader, has taken long positions totaling approximately $410 million in ETH and SOL on the Hyperliquid derivatives platform. Using one main account and five subaccounts, it holds 63,200 ETH (worth $274 million) and 745,000 SOL ($138 million). Since early July, the trader converted an initial capital of about $21.18 million into a $72.78 million account value, netting $51.6 million in profit. This significant accumulation of ETH and SOL long positions signals strong bullish sentiment and may influence short-term upward price pressure on both assets.

Japan’s Financial Services Agency (FSA) has approved the issuance of JPYC, Japan’s first compliant JPY stablecoin. The stablecoin will launch this autumn on Ethereum (ERC-20), Avalanche and Polygon networks. Under the revised Fund Settlement Act, stablecoins are classified as electronic payment instruments. Issuers must be licensed banks, trust companies or fund transfer operators, and reserves must be held in liquid JPY deposits or Japanese government bonds. This regulatory framework lowers credit risk and raises entry barriers. JPYC aims to support cross-border remittances, B2B payments and deeper integration with DeFi and NFT marketplaces. For institutions, the JPY stablecoin could boost demand for Japanese government bonds. For traders, a home-grown JPY stablecoin offers an alternative to USD stablecoins, enhancing on-chain liquidity and digital asset diversification. Market acceptance and security resilience will be key indicators to watch.

Nasdaq-listed KindlyMD has completed a $200 million convertible bonds offering to increase its Bitcoin holdings. The convertible bonds carry 0% interest for two years, rising to 6% in the third year, and mature in 2028. Lenders led by YA II PN, Ltd. can convert debt at $2.8 per share, effectively postponing dilution. Following the announcement, KindlyMD’s shares slid 12% on August 18, reflecting investor concern over Bitcoin’s volatility and potential equity dilution. The bonds are backed by twice the principal in Bitcoin, aiming to protect lenders. This financing follows KindlyMD’s merger with Nakamoto Holdings and a $540 million PIPE deal, signaling a strategic shift to embed Bitcoin on its balance sheet. The use of convertible bonds underscores the rise of crypto fundraising instruments.

China A-shares surged to a near 10-year peak as the Shanghai Composite Index broke above 3741 points. China A-shares performance was powered by deposit migration: in July, non-bank deposits climbed to RMB 2.14 trillion. Lower deposit rates have pushed investors to seek higher returns, funneling liquidity into stocks. The Shenzhen Component and ChiNext indexes also hit multi-month highs. Technology themes—especially AI, semiconductors, and data center stocks—led gains, reflecting China’s push in large language models and compute power. However, ongoing global uncertainties and a sluggish property sector call for caution. Investors should research carefully to avoid buying at peaks. The near-term bull market outlook remains strong, but long-term stability depends on policy direction and economic fundamentals.

Analysts highlight a select group of altcoins primed for exponential gains as the crypto market heads into its next cycle. Leading the pack is MAGACOIN FINANCE, a presale project backed by strong whale accumulation, scarcity-driven tokenomics and rapid funding inflows. Forecasts point to 18,000% ROI, positioning MAGACOIN FINANCE as a breakout contender for 2025. Established tokens also feature: Litecoin (LTC) tests support at $118 with a possible rally to $150, XRP consolidates around $3.00 on institutional demand, TRON (TRX) holds above its 50-day average at $0.349, Chainlink (LINK) remains stable near $25.18 amid infrastructure partnerships, and Stellar (XLM) maintains a bullish bias at $0.413 thanks to institutional use cases. For crypto traders seeking high-multiple upside, early exposure to MAGACOIN FINANCE combined with strategic positions in LTC, XRP, TRX, LINK and XLM could offer optimal entry before the next market surge.

Bitcoin is showing signs of FOMO cooling after a recent profit-taking spike. On August 16, HODLers realized over $3 billion in gains, pushing Bitcoin 1.9% lower to $114,707. Around 3.75% of BTC supply holds a cost basis at $116,963, marking a major resistance zone. On-chain data from Glassnode indicates this cluster could anchor a deeper pullback. Bitcoin’s Accumulation Trend Score dropped from 0.57 to 0.20 in under a week, highlighting slowing HODLer stacking. Market order flow is ask-heavy as bid-side support fades. Macro cues also shifted: Polymarket’s odds for a September rate cut fell from 80%+ to 73%, while no-change bets rose to 26%. These signals point to a likely liquidity hunt around $110,000 before fresh buying resumes. Traders should watch the $114K–$115K zone for weakness and prepare for a potential retest of $110K.

Coinglass data reveals that open interest in Ethereum (ETH) futures climbed to a record $604.4 billion as of August 19. This represents a 19.25% surge over the past 30 days, rising from $506.8 billion on July 19. Over the same period, Bitcoin (BTC) futures open interest also expanded, reaching $814.8 billion. The jump in Ethereum futures open interest indicates growing investor confidence amid broader market developments and underscores the importance of tracking open interest as a gauge of market sentiment. Higher open interest often points to increased liquidity and trader participation, which can intensify price movements. Traders should monitor these metrics closely to inform their strategies, as rising open interest in ETH futures may signal bullish momentum in the medium term, while shifts in Bitcoin futures open interest could reflect evolving risk appetite across the crypto market.

Levi Rietveld issued a final warning to XRP holders, citing Bullish CEO Tom Farley’s insights on the accelerating institutional shift in crypto. Farley outlined Bullish’s dual exchange and data operations, including CoinDesk and BD Alpha, serving over 1,000 institutional clients. He highlighted recent legislative advances—the Genius Act and Clarity Act—as catalysts for clearer regulatory pathways, making institutional investors more comfortable entering the digital asset space. According to Farley, this institutional shift has moved beyond early stages. The strong reception of Bullish’s IPO demonstrates significant corporate interest. Traders should note this pivot from retail-driven growth to an institutional-led phase, which could reshape market dynamics and influence XRP’s performance. This shift underscores the urgency for XRP holders to reassess their strategies in light of growing institutional engagement.

Ethereum ETFs have attracted record institutional capital over the past six weeks, matching a year’s worth of inflows and surpassing Bitcoin ETFs in July. According to Bloomberg analyst Eric Balchunas, platforms such as BitMine and GENIUS significantly propelled this momentum, with BitMine holding $6.6 billion in ETH. Daily fund entries peaked at $1.018 billion, and net inflows reached $639 million on August 14 before a brief $59 million outflow following PPI data on August 15. Bitwise and Grayscale reported a modest $19.6 million net outflow today. Despite short-term volatility, robust demand for Ethereum ETFs could stabilise ETH spot prices if inflows persist.

Crypto liquidity is soaring as institutional adoption and technological innovation converge. Circle’s Arc and Stripe’s Tempo unveil permissioned Enterprise L1 chains, bolstering EVM demand among traditional finance players. Decentralized AI training projects like Nous Research’s Hermes, Solana-based Psyche and Gensyn accelerate distributed compute protocols, promising new tokenized incentive models. Meanwhile, AI-driven wealth effects from Nvidia and Microsoft, combined with liquidity from TCos and ETF flows, underpin a liquidity pyramid fueling BTC and ETH markets. Bitcoin treasury companies such as MicroStrategy continue leveraging convertible debt to amass BTC, highlighting evolving capital strategies. On the infrastructure front, OKX’s X Layer ecosystem, powered by OKX Wallet and OKX Pay, posts record user growth and transaction volume, rivaling Ethereum and spawning a meme coin surge. These developments signal a bullish crypto liquidity cycle, driven by EVM entrenchment, decentralized AI protocols and on-chain liquidity innovations.

OKX exchange data on August 19 highlights notable crypto token prices. CFX led the gainers with a 4.13% rise to $0.178. GLM, CRO, ADA, and XRP also advanced by up to 2.74%. On the downside, crypto token prices fell for INJ, which dropped 3.56% to $14.074. ZK, TON, LPT, and RPL declined by between 1.91% and 3.08%. These token performance metrics offer traders insight into short-term market momentum and sector rotations. The crypto token prices summary is for informational use and not investment advice.

This guide spotlights five major crypto trading psychology traps: frequent-trading FOMO, all-in risk, hype chasing, greed after profit, and loss aversion. Data shows low-frequency traders achieve 18.5% annual returns versus 11.4% for high-frequency. All-in strategies risk up to 54% drawdown. Hype peaks in Google Trends lead to negative returns over 7–30 days. Unrealized gains over 50% face a 54% chance of 15% drawdown in the next 30 days. Losses beyond 50% need over 120 days to recover. To counteract, it recommends disciplined risk management: DCA (dollar-cost averaging), grid trading for automated profit-taking, preset stop-loss/stop-profit levels, martingale entries, and bot-driven automation. These anti-human tactics emphasize systematic strategies over emotional trades, improving long-term performance.

Three hours ago, a major perpetual futures whale increased its Ethereum (ETH) long positions, bringing total holdings to 34,121.49 ETH (approx. $146 million). According to monitoring by Ai Yi, the trader rolled over its contract positions, maintaining them in a perpetual state. The whale operates through two addresses: 0xd076…27bb holds 23,368.54 ETH at an average entry price of $4,315.19, with a liquidation price of $4,177.68 and a remaining margin buffer of $123; 0x5f72…da67 holds 10,752.94 ETH at an entry price of $4,334.10, liquidation at $4,256.30, with $43 margin buffer. This substantial increase in ETH long positions signals the trader’s confidence in near-term price gains but also highlights potential liquidation risk given the narrow margin buffer.

A recent report from iM Securities cited by Money Today warns that the booming stablecoin market—now valued at around $270 billion—could displace XRP as the third-largest cryptocurrency by market cap. Analysts attribute this growth to a potential crypto-friendly Trump 2.0 administration, which may bring clearer regulations and boost adoption. Stablecoins maintain a 1:1 peg with fiat currencies, eliminating volatility risk and making them ideal for international remittances and daily transactions. In contrast, XRP’s role as a bridge currency for cross-border payments exposes users to value swings during transfers. This growing preference for price stability challenges XRP’s core use case and may erode demand over time. Traders and investors should monitor how XRP adapts its strategy—possibly by highlighting unique features or seeking new partnerships—to defend its position in an increasingly competitive market.

August disclosures from strategicethreserve reveal major shifts in Ethereum holdings among top treasury companies. Bitmine Immersion Tech (BMNR) tops the list with a 406.68% increase, boosting its Ethereum holdings to 1.5 million ETH (≈$6.53 billion). SharpLink Gaming (SBET) climbed 159.72% to 728,800 ETH (≈$3.12 billion). The Ether Machine (DYNX) added 8.01%, raising its balance to 345,400 ETH (≈$1.48 billion). The Ethereum Foundation trimmed its holdings by 3.3%, now at 231,600 ETH (≈$993 million). Bit Digital (BTBT) remained steady at 120,300 ETH (≈$507 million). ETHZilla (ETHZ) and BTCS Inc. (BTCS) saw gains of 15.2% and 113.16%, respectively. These moves highlight growing institutional participation and could influence crypto traders’ strategies by signaling sustained demand for Ethereum.

TD Cowen forecasts that software firm MicroStrategy could accumulate 900,000 BTC by the end of 2027, underscoring the rapid expansion of MicroStrategy Bitcoin holdings. The projection follows MicroStrategy’s recent purchase of 430 BTC (worth $51.4 million) via a preferred stock issuance and a $680 share price target for MSTR. TD Cowen highlights catalysts including growing corporate Bitcoin adoption, potential S&P 500 inclusion, stable cloud revenue, and clearer crypto tax regulations. Hitting 900,000 BTC (about 4.3% of total supply) could enhance Bitcoin’s legitimacy and tighten market supply. While market volatility and acquisition costs present hurdles, MicroStrategy’s transparent leadership and consistent strategy support TD Cowen’s bullish outlook. Traders should monitor MicroStrategy Bitcoin holdings growth as a barometer of institutional demand and its potential effect on BTC price dynamics.

Major token unlocks are set to release over $88 million worth of ZRO, KAITO and SOON between August 19 and 25, 2025. These token unlocks increase circulating supply, likely leading to short-term market volatility and downward price pressure. Historical trends show that large unlock events often trigger temporary price dips as traders absorb the new tokens. Investors and traders should monitor liquidity, adjust positions, and watch order books ahead of the unlock window to manage risks and capitalize on potential price swings.

An ETH whale has increased its long position by 2,000 ETH (about $8.86 million), raising its total holdings to roughly $46.51 million. Ethereum currently trades near $4,323, with a liquidation price set at $4,256. A drop of just 1.55% (around $67) would trigger this liquidation threshold. This move highlights both the confidence and risk appetite of large ETH holders. The close proximity to the liquidation level underscores market volatility and the strategic balancing act whales perform when leveraging positions.

Traders are turning bearish on August Bitcoin (BTC) and Ethereum (ETH) price targets as institutional investors continue accumulating while retail participation lags. Bitcoin is down 1.1% on the day at around $116,263, and Ethereum has fallen 3.8% to about $4,322, although both remain higher on the week. Polymarket odds show a 34% probability Bitcoin closes below $111,000 and a 43% chance Ethereum settles near $4,800 by month-end. Institutional conviction remains strong with Strategy Inc. adding 430 BTC and VanEck reiterating a $180,000 year-end target, but retail follow-through has been muted, capping momentum in tokens like XRP and DOGE. Derivatives data reveal negative perpetual funding rates and put-skewed options, signaling tactical caution ahead of the Jackson Hole symposium. Solana (SOL) bucks the trend, supported by robust USDC transfer activity. With broader crypto search interest at a four-year high and regulatory developments such as the GENIUS Act pending, the market’s structure is stable at the top but defensively positioned in the short term. Traders should watch Fed Chair Powell’s Jackson Hole remarks and retail flows for potential catalysts.

BitMine Immersion Technologies added 373,000 ETH to its treasury last week, raising its total Ethereum holdings to 1.52 million tokens (1.3% of supply), valued at $6.6 billion. Despite the accumulation strategy aimed at securing 5% of circulating ETH, BitMine’s share price has dropped 14.2% since August 11. Its Ethereum holdings now surpass competitors SharpLink Gaming (729,000 ETH) and The Ether Machine (345,000 ETH). The surge in institutional demand is reflected in $17 billion in weekly inflows into ETH ETFs, and Standard Chartered projects ETH could reach $7,500 by 2025 under clearer U.S. regulation. The May Pectra upgrade’s improvements to throughput and staking have underpinned a 139% price rally since May 7. Traders should monitor further treasury buys and ETF flows as indicators of bullish momentum and potential price catalysts for Ethereum.

Verifiable computation protocol Boundless has released its ZKC tokenomics. The total supply of ZKC is 1 billion tokens. Allocation is split as follows: 31% for the ecosystem fund, 18% for the strategic growth fund, 6% reserved for community sale and airdrop, 21.5% allocated to investors, and 23.5% designated for the core team and early contributors. This balanced ZKC tokenomics framework supports protocol development, strategic partnerships, and community incentives. Traders should monitor upcoming community sale events and airdrop schedules for potential entry opportunities.

Standard & Poor’s (S&P) has reaffirmed the US sovereign credit rating at AA+/A-1+, maintaining a stable outlook. This decision underlines strong confidence in US fiscal policy and debt management. Despite rising national debt, the rating agency cited resilient economic growth and robust monetary policy support. Traders in risk assets, including cryptocurrencies, may see muted volatility as stable macro fundamentals reduce risk-on pressures. The US credit rating stability could temper safe-haven flows into Bitcoin (BTC) and gold, while supporting dollar strength. Crypto traders should monitor any shifts in risk sentiment triggered by future fiscal developments. The stable outlook suggests no immediate change in US borrowing costs. However, potential long-term impacts hinge on debt trajectories and political gridlock. Overall, S&P’s decision is neutral for market direction, offering clarity but limited trading catalysts.

Dogecoin’s weekly chart shows a bullish structure with support holding at $0.20 and a failed breakout above $0.25 in mid-July. Whale accumulation signals conviction, but DOGE lags BTC and BNB. Monthly data revealed weakness at $0.35 support. To hit $1 by 2025, Dogecoin needs to flip $0.35–$0.45 to support, boosting its market cap to around $116 billion. Achieving a $5 price by 2030 requires sustained network growth: rising active addresses, transaction count, developer activity, and long-term holder accumulation. Corporate adoption, similar to Ethereum’s use, could fuel a Dogecoin rally, but the memecoin’s reliance on hype and sentiment keeps it high-risk. Traders should watch key price levels and on-chain metrics for adoption signals. Dogecoin remains a high-reward play if network growth accelerates, but significant hurdles persist.

Bitcoin fell to an 11-day low after $500 million in market liquidations rattled traders. The sell-off was driven by the US Treasury’s decision to create a Bitcoin reserve from confiscated assets while pausing further government purchases. This regulatory move, combined with wider macroeconomic pressures, eroded investor confidence and fueled sharp market volatility. Chainlink (LINK) bucked the trend, holding steady as traders eyed its growth potential amid the downturn. Key takeaways include the scale of liquidations, the influence of US Treasury policy on cryptocurrency markets, and Chainlink’s relative resilience. Traders should watch ongoing liquidation flows and Treasury announcements for signs of short-term volatility. Meanwhile, LINK’s stability offers a hedging option for portfolios navigating this bearish phase in Bitcoin’s market cycle.