On-chain analytics reveal an early Ethereum whale offloaded 8,576 ETH—approximately $37.02 million—this week. The wallet initially received 20,756 ETH from an Ethereum Foundation–related address a decade ago at just $0.875 per ETH. Despite the sale, the whale still holds 10,209 ETH, reflecting massive unrealized gains. Although the Ethereum Foundation denies control over this address, the move offers key insights into market sentiment.
Primary motivations include profit taking after a ten-year hold, portfolio rebalancing, and preparing liquidity for other investments. While such a large Ethereum whale sale can create short-term downward pressure on ETH prices and trigger unease among retail traders, the market’s deep liquidity often absorbs large sell orders.
Traders should watch for spikes in selling volume and shifts in ETH’s order book depth. In the long term, Ethereum’s price action remains driven by network upgrades, DeFi growth, NFT adoption, and Layer 2 expansion. Monitoring whale activity via on-chain data can help traders anticipate potential volatility but should be considered alongside broader market fundamentals.
On August 19, OKB cross-chain swap reached a key milestone with over 90% of OKB tokens migrated from Ethereum Layer 1. This milestone is part of OKEx’s Native Gas Token – OKB economic model upgrade, unveiled on August 13, which transitions OKB into a multi-chain native gas token. The cross-chain infrastructure underpins the new X Layer, a Layer 2 ecosystem designed to bridge Euro-DeFi with the Ethereum community. By expanding OKB’s functionality across blockchains, the upgrade enhances transaction efficiency and network interoperability. Traders may see increased liquidity and utility for OKB as the swap accelerates adoption. Overall, the OKB cross-chain swap and economic model upgrade mark a significant step in OKEx’s DeFi strategy, potentially boosting OKB’s market prospects.
Bullish
OKBCross-Chain SwapEconomic Model UpgradeLayer 2DeFi
Cryptoinsightuk forecasts Dogecoin could surge as much as 500% from current levels, climbing to $1.40 in the next market cycle. The analyst highlights Dogecoin’s historical pattern of sharp, “violent” monthly gains, noting past moves of 600–700% followed by consolidations and secondary rallies near 500%. He points to a potential bullish crossover on the monthly RSI and repeated oversold signals as precursors to explosive price action. The call is underpinned by anticipated altcoin rotation: capital shifting from Bitcoin into large-cap alts then high-beta tokens like Dogecoin. Using market-cap models, a few hundred billion dollars in inflows could reprice laggards dramatically. Traders are advised to buy on pullbacks to range lows, set stops below support, and scale out around $1.18. At press time, DOGE trades at $0.22.
MAGACOIN FINANCE has gained attention as a potential high-return altcoin in 2025. Traders and analysts point to its capped supply, growing community support, and rising retail demand as factors similar to Shiba Inu’s early breakout. Unlike Bitcoin (BTC) and Ethereum (ETH), which offer limited upside, MAGACOIN FINANCE remains an early-stage project with strong upside potential. Funding milestones have been met, and whale inflows are accelerating. Analysts forecast a possible 1000x return for early investors who enter before the token’s value climbs. Historical trends show that early movers in low-cap altcoins often capture the largest gains. For traders seeking explosive growth opportunities, MAGACOIN FINANCE combines scarcity and momentum. However, risks common to new tokens remain. Overall, MAGACOIN FINANCE is emerging as a key altcoin to watch for its potential to replicate SHIB’s explosive gains.
Two major Bitcoin whales boosted their holdings by 510 BTC, totaling $59 million in purchases on August 19. Address bc1qgf acquired 300 BTC (≈$34.7 M), bringing its one-month accumulation to 1,521 BTC (≈$176.3 M). Meanwhile, bc1qgz added 210 BTC (≈$24.3 M), with 466.66 BTC (≈$54.1 M) accumulated over the past ten days. This significant Bitcoin whale accumulation underscores ongoing large-investor confidence in Bitcoin and may signal bullish market momentum as reduced circulating supply heightens price support.
Ethereum’s ETH unstaking queue has reached a record 910,461 ETH, worth $3.91 billion, marking the highest exit request backlog since the Merge and Shapella upgrade. Validators signal intent to withdraw, entering a controlled exit queue capped per epoch (6.4 minutes). The queue’s length reflects both demand to reallocate capital amid market volatility and the protocol’s security measures. Key drivers include profit-seeking adjustments, portfolio rebalancing, and liquidity needs. The waiting time ranges from days to weeks. Historically, unstaked ETH often finds its way back into staking or DeFi, and markets have absorbed these releases without major disruptions. A long queue underscores Ethereum’s PoS maturity and its robust withdrawal mechanism, not a distress signal. Traders should monitor ETH unstaking queue metrics on reliable trackers and factor exit delays into liquidity planning. Understanding the ETH unstaking queue helps investors distinguish strategic moves from bearish sentiment and assess timing for staking or redeployment. The network’s transparent and orderly process maintains stability, supporting Ethereum’s long-term resilience.
On August 14, 2025, Cardano futures volume soared to nearly $7 billion, marking a five-month peak driven by ETF speculation. Both institutional and retail investors increased their participation, boosting bullish sentiment around ADA price potential. Technical analysis identifies support at $0.89–$0.90 and resistance near $0.93. ETF speculation and whale accumulation patterns suggest further upside, with crypto analyst Ali Martinez citing the volume surge as a bullish signal. This surge in Cardano futures volume outpaces peers like Ethereum (ETH) and Solana (SOL), highlighting strong market focus and possible near-term volatility.
Bitcoin liquidity sweep near key levels triggered rapid liquidations, but rising open interest suggests a potential recovery. The Bitcoin liquidity sweep removed downward orders, forming a clear liquidation zone. After Bitcoin reached a record high of $124,474, traders hunted stop-losses around weekend liquidity pools, sending prices below $115,000. Hyblock’s analysis shows liquidity grabs reinforced thin weekend markets, while open interest spiked as both bulls and trapped bears placed new bets. At the same time, robust institutional demand for BTC and ETH absorbed excess supply. Ethereum unlock events increased on-chain token flow, yet digital asset treasuries (DATs) sustained high buy orders during weekdays. The combination of higher open interest and ongoing institutional buying offers short-term support and paints a bullish picture for Bitcoin. Traders should monitor liquidation zones, order-book liquidity, and open interest to identify key trading opportunities.
CMB International Securities, a subsidiary of China Merchants Bank, has launched the first bank-affiliated licensed crypto exchange in Hong Kong for professional traders. Approved in mid-July under the Securities and Futures Commission’s Type 1 and Type 7 virtual asset licenses, this crypto exchange enables 24/7 trading of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) via a mobile app restricted to Hong Kong. As the first Chinese bank broker to secure a virtual asset license, CMB plans to integrate traditional stock trading with digital assets and fintech services. Hong Kong’s new stablecoin framework raises compliance standards and issues fraud warnings.
Santiment reports Bitcoin’s MVRV ratio has reached +21%, placing the asset in a “mild danger zone” for profit-taking. At around $115,800, Bitcoin trades roughly 6% below its all-time high of $124,128.
The elevated MVRV indicates average investors are holding gains. Bitfinex analysts anticipate a consolidation phase due to a lack of fresh macro drivers. Traders are focusing on the US Federal Reserve’s September 17 rate decision for new catalysts.
Short positions on Bitcoin total about $2.2 billion, risking liquidation if prices retest record highs. Meanwhile, whale wallets holding 10–10,000 BTC continue to accumulate, signaling ongoing institutional confidence.
Overall, Bitcoin is likely to trade sideways in the near term as profit-taking pressures and mixed macro signals offset longer-term bullish expectations.
Crypto copy trading platforms are exploiting ranking mechanisms to drive traffic and fees, creating incentive distortions and traffic rent-seeking. Major exchanges including Binance, OKX, Bybit and Bitget all employ ROI-focused leaderboards that push lead traders into high-risk, gambling-style strategies. Platforms highlight short-term profits while hiding drawdowns, floating losses and other critical risk metrics in a data black box. Tactics like multi-account selection, selective time windows and account resets further manipulate performance records. Algorithmic biases favor high-frequency or well-marketed traders, undermining genuine skill. This lack of transparency erodes user trust and sustainability in crypto copy trading. Some platforms have begun introducing Sharpe ratios and enhanced risk disclosure to rebalance incentives. The report calls for a transparent, fair ecosystem that shifts from traffic aggregation to value co-creation among exchanges, traders and followers.
Hong Kong hosted the Global Tourism RWA Development Summit on August 17, bringing together industry, policy and technical leaders to explore how tourism RWA (Real World Asset) technology can unlock asset liquidity and drive global circulation. Ningbo Century Prosperity Tourism Development unveiled the Caishen Universe globalization strategy, launching limited-edition NFTs, metaverse land tokens and compliant tokenization of equity and cultural collectibles to attract international capital. Organizers released the “Tourism RWA Three-Tier Penetration Model,” combining equity, data and circulation layers to convert tourism revenue into on-chain tokens, record real-time operations via Hong Kong VASP licenses, and connect decentralized liquidity pools for global distribution. Speakers—including Stephen Law, Yao Jingyuan and Qu Qiang—highlighted Hong Kong’s regulatory framework, capital environment and data-cross-border mechanisms as the gateway for mainland tourism assets to scale into hundreds of billions in value. A roundtable consensus affirmed Hong Kong’s role as a hub to solve asset certification, liquidity and cross-border trust issues. The Caishen Universe project is positioned as the first standardized tourism RWA practice, with plans to list on Binance in 2026 and build a large-scale stablecoin system under an “NFT+GameFi+RWA” model.
Bullish
Tourism RWAOn-Chain EcosystemCaishen UniverseHong Kong FinanceRWA Penetration Model
On-chain analytics from Lookonchain and Onchain Lens show two major Bitcoin whales have combined to accumulate over 1,900 BTC (~$230 million) via FalconX’s OTC desk in the past month. Whale 1 added 1,521 BTC at an average price of $117,921 per coin, including a single 300 BTC transfer. In the last ten days, Whale 2 acquired 466.66 BTC, highlighted by a 210 BTC purchase. This BTC accumulation via FalconX’s institutional-grade services occurred without significant market impact. Sustained whale buy-ins are tightening exchange supply and signaling bullish sentiment, suggesting potential support for Bitcoin price floors. Traders are advised to monitor on-chain flows and prime broker data for future price moves.
Japan’s Financial Services Agency (FSA) is set to approve JPYC, a yen-backed stablecoin, as early as October under new currency-denominated asset rules. Issued by Tokyo-based fintech JPYC and registering this month as a licensed money transfer company, the yen-backed stablecoin JPYC will be fully backed by bank deposits and Japanese government bonds. The issuer aims to reach 1 trillion yen ($6.8 billion) in circulation within three years. Traders see applications in cross-border remittances, corporate payments, decentralized finance and carry trades exploiting interest-rate differentials. Institutional investors, including hedge funds and family offices, have already shown interest. The global stablecoin market tops $250 billion, led by USDT and USDC, and could near $4 trillion by 2030. Japan’s regulated approach may boost regional adoption in Asia and provide a clearer legal path for blockchain-based settlements.
Cardano breakout from a symmetrical triangle has ignited bullish momentum, with ADA eyeing a $1.10 price target. This Cardano breakout sets the stage for a run above key resistance levels. The breakout was confirmed as ADA rose above the triangle’s upper boundary near $0.95 on rising trading volume. Open interest climbed 5.3% to $1.86 billion, indicating traders are positioning for potential volatility. On-chain metrics show daily spot volumes eased 12%, yet bullish sentiment remains strong thanks to Grayscale’s recent registration of an ADA trust in Delaware. This institutional move fuels speculation of a future spot ETF. Key support now sits at $0.94, while resistance at $0.99 and the $1.00 psychological level must be cleared for further gains. If momentum holds, ADA could test $1.05 and reach its $1.10 price target. Traders should watch for sustained volume and stability above $0.95 to confirm the uptrend.
Upcoming US economic data releases, including CPI and PPI figures, and the Jackson Hole Symposium on Federal Reserve policy are set to heighten Bitcoin volatility and Ethereum volatility. Traders anticipate significant price swings as market sentiment shifts in response to tariff impacts and macroeconomic risk signals. Automated trading systems may trigger liquidations, amplifying short-term market moves. The Jackson Hole Symposium provides insight into future rate paths, while CPI and PPI readings offer clues on inflation and monetary policy directions. Such events have historically driven fluctuations in crypto markets. Investors should closely watch Fed remarks, US tariff developments, and key economic indicators this week. Active risk management and strategic position sizing will be crucial to navigate potential spikes in Bitcoin and Ethereum volatility.
A Spanish crypto trader has been slapped with a surprise €9 million tax bill due to uneven and unclear crypto tax regulations. The case highlights deficiencies in Spain’s approach to crypto taxation—particularly around capital gains and VAT treatment—and underscores growing **regulatory risk** for investors. As authorities ramp up **tax enforcement**, traders face potential back-dated liabilities. The incident comes ahead of the EU’s MiCA framework, leaving market participants scrambling for clarity. Experts advise keeping detailed transaction records and monitoring developments in national tax guidance. With **crypto tax** uncertainty persisting, traders should brace for volatility around tax deadlines and evolving regulations.
Big wallets are shifting billions into select tokens, spotlighting top crypto investments backed by whales. XRP saw over 440 million tokens move into whale addresses during recent volatility, trading between $2.95 and $3.14, with analysts eyeing a rebound to $4.00–$4.47. SEI, a fast layer-1 token, snapped out of a downtrend as smart money inflows drive forecasts of up to 160% gains to $0.90 in 2025. Meanwhile, MAGACOIN’s presale is selling out rapidly, with projections of 35x upside due to viral branding and capped supply. Beyond these whale-backed plays, blue-chip crypto investments remain strong: Ethereum’s exchange balances hit multi-year lows amid steady ETF inflows; Solana’s developer ecosystem and NFT/gaming activity keep SOL in demand; Toncoin leverages Telegram’s 800 million users for native DeFi; Avalanche’s subnet architecture attracts builders looking for infrastructure growth. Together, these crypto investments offer a mix of whale confidence, breakout potential, and long-term network fundamentals for traders seeking both stability and asymmetric upside.
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.
Neutral
Stellar XLMPrice AnalysisSupport and ResistanceOn-Chain MetricsWallet Growth
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.
Bullish
ETH restakingLiquid RestakingEthereumEtherFiYield Optimization
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.
Bullish
China A-sharesdeposit migrationbull marketAI sectorstock market
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.