Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

BitMine’s newly appointed chairman Tom Lee has highlighted a healthy Ethereum pullback. In a retweet of a Fundstrat Capital analyst on X, Lee noted that Ethereum could fall to a midweek range of $4,075–$4,150. This price correction is viewed as a normal market adjustment within the broader crypto market. Traders and investors can interpret the Ethereum pullback as a buying opportunity and should track developments closely. Monitoring these levels may offer insights into future price trajectories and investor sentiment. Overall, the healthy retracement underscores normal market behavior and reinforces the need for risk management in cryptocurrency trading.

Dogecoin (DOGE) fell 4% overnight, dropping from $0.23 to test the critical $0.22 support level as a $782 million surge in trading volume triggered a stop-loss cascade. This sell-off was part of a broader $1 billion crypto liquidation wave spurred by stronger-than-expected U.S. inflation data, which dented Fed rate-cut hopes. Despite the downturn, institutional investors added roughly 2 billion DOGE (about $500 million) this week, bringing total reported holdings to 27.6 billion tokens. Technical indicators highlight immediate resistance at $0.23 and a major breakout threshold at $0.25. Traders are watching whether continued institutional accumulation can stabilize DOGE or if a break below $0.22 will push the price toward $0.21.

Bitcoin trades near $115,000 after slipping 6% from its August high. U.S. spot Bitcoin ETFs saw daily net outflows of $121 million on Aug. 18, pushing monthly outflows to $140 million. In contrast, Ethereum funds attracted $2.83 billion in August inflows. Whale wallets holding 10–10,000 BTC added over 20,000 BTC during last week’s pullback, bringing total accumulation since March to 225,000 BTC. Market analysts note that past shallow retracements often precede fresh rallies. Technical indicators show Bitcoin below the mid-Bollinger Band on the 4-hour chart, with tight bands signaling potential volatility. A hold above $114,000 support could lead to a rebound toward $118,000–$120,000. Key supports lie at the 100-day ($110,000) and 200-day ($103,000) moving averages.

On August 19, Binance Alpha, the testing platform within the Binance app, officially listed the BAS token, marking its first availability for trading. The new listing allows users to deposit, withdraw, and trade BAS against supported trading pairs directly on Binance Alpha. As an early token listing, this move reflects Binance’s strategy to provide users with priority access to emerging projects. Traders on Binance Alpha should be aware of potential liquidity constraints and higher volatility inherent to early-stage listings. The introduction of BAS to Binance Alpha may enhance the token’s visibility and trading volume, though full-scale market impact will depend on its subsequent listing on the main Binance exchange. Market participants should monitor trading metrics and official announcements for updates.

Hyperliquid has activated multi-quote asset spot trading on its mainnet. The platform automatically deployed and launched the HYPE/USDT trading pair. Each HIP-1 asset deployment can choose its initial quote asset. Subsequent spot pair deployments will use an independent Dutch auction mechanism. Hyperliquid plans to support additional quote assets in future releases. This upgrade enhances trading flexibility and price discovery on the network, while providing traders with more liquidity options for HYPE.

Analyst Mark Newton forecasts an Ethereum pullback, with ETH pulling back to $4,075–$4,150 midweek. This Ethereum pullback is deemed a healthy correction before a rebound toward $5,100. For Bitcoin (BTC), Newton sets support at $11,190 and projects a rally to $13,000–$14,000. Traders should monitor these key price levels. The outlook indicates short-term risk but potential upside for ETH and BTC.

CMB International Securities, a subsidiary of China Merchants Bank, has become the first bank-affiliated securities firm in Hong Kong to offer licensed 24/7 crypto trading. Approved by the Hong Kong Securities and Futures Commission with Type 1 and Type 7 licenses, the platform supports Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Investors must complete KYC and AML checks before trading, and assets are protected via cold wallets, real-time risk monitoring and external audits. A partnership with OKX Planet ensures deep liquidity during peak hours. The integrated service lets institutional and individual clients manage both digital assets and traditional securities through a single account. This move strengthens Hong Kong’s position as a regulated digital asset hub and paves the way for other Chinese financial firms, such as Guotai Junan and Tianfeng International, to upgrade their licenses and enter the crypto market.

The cryptocurrency market faces a fresh crypto pullback among top tokens. Bitcoin has retreated from its $124,000 all-time high to around $115,630 (−6.5%). Ethereum is down 5.2%, testing the $4,300 support level. XRP slipped 3.8%, while Solana and Dogecoin fell 6.0% and 5.2%, respectively. This crypto pullback stems from macroeconomic indicators. Wholesale price data have stirred fears of prolonged high interest rates. Treasury Secretary Scott Bessent confirmed no plans to expand US Bitcoin reserves. Analysts point to upcoming Federal Reserve Chair Jerome Powell remarks at the Jackson Hole Symposium as pivotal. Any hawkish signals could deepen losses; dovish cues may stabilize prices. Market expert Doctor Profit forecasts Bitcoin to trade sideways within an 8% range into September, with a sharper correction later in the month. Meanwhile, on-chain data show large-wallet accumulation and healthy funding rates, suggesting limited immediate selling pressure.

Crypto IPOs are heating up after the strong debuts of stablecoin issuer Circle (CRCL) and exchange platform Bullish (BLSH). The record-breaking listings of these firms have spurred other digital asset managers to prepare for Wall Street. Grayscale, famed for its Bitcoin and Ethereum Trust ETFs, has filed confidentially for an IPO to leverage its $33 billion AUM and management fees. Gemini, the Winklevoss twins’ exchange, follows suit, aiming to mirror its $7.1 billion valuation from a 2021 funding round. Crypto custody specialist BitGo, with over $100 billion in assets under custody, is also readying an IPO filing. These crypto IPOs could reshape investor access to digital assets. The momentum builds on recent market rallies driven by Bitcoin’s surge past $124,000 and favorable US crypto policies. Traders should watch these filings as they could signal broader institutional commitment and impact stock performance. Market participants may anticipate increased liquidity, heightened volatility, and potential valuation shifts across crypto-related equities.

Toncoin surged to an $8.25 peak in June 2024 before sliding to around $3.50 by late July, underperforming BTC and ETH amid bearish sentiment and negative capital flows. On-chain metrics show holder count rising to 37,000 but flat mean coin age and a barely positive MVRV ratio. Toncoin’s deep Telegram integration—enabling in-app token payments for Premium subscriptions and creator rewards across 900 million users—alongside growing transaction volume, decentralized app development, and robust staking services, supports bullish long-term forecasts. Analysts predict Toncoin could reach $10 by 2025 and even $50 by 2030 if broader market conditions improve and Telegram-led adoption accelerates. Traders should track user adoption, on-chain activity, staking rates, and key technical levels such as the $4.20 resistance-turned-support to assess short-term momentum and long-term prospects.

Joao Wedson, CEO of crypto analysis firm Alphractal, highlights Chainlink (LINK) as the focus of both institutional investors and speculative traders. According to Wedson’s latest report, significant capital inflows into LINK are building a foundation for an imminent price surge. He cautions that by the time mainstream coverage picks up, seasoned investors may already begin taking profits. Wedson also emphasizes monitoring ICE BofA Option-Adjusted Spreads (OAS) — a key macro indicator tracking below-investment-grade bond performance against Treasuries. Historically, sharp rises in OAS have coincided with local bottoms in Bitcoin, offering timely buy-the-dip signals for the wider crypto market. Traders should watch LINK accumulation patterns and OAS movements to time entry points and manage risk effectively.

Economist Alex Krüger warns that Bitcoin traders have not yet factored in a more dovish Federal Reserve policy. Although markets expect a rate cut in September, Krüger says Bitcoin’s bullish potential hinges on who US President Donald Trump selects to replace Fed Chair Jerome Powell. With Powell’s term ending in May 2026, Trump is considering candidates such as Jefferies strategist David Zervos, BlackRock’s Rick Rieder and former governor Larry Lindsey. The right nominee could trigger further gains for Bitcoin, which recently pulled back 6% from its $124,128 all-time high to around $115,150. Market sentiment remains optimistic: over 83% of CME FedWatch participants predict a September rate cut, potentially unlocking sidelined retail capital.

$BAS has been included in Binance Alpha Projects, a program designed to showcase innovative tokens with secure and fast transactions. The move grants $BAS early exposure to Binance’s user base. Traders can now explore $BAS potential before any formal listing. This announcement underscores Binance’s ongoing commitment to supporting emerging crypto projects. Inclusion in the Alpha Projects program can drive speculative interest and liquidity for $BAS. Traders should monitor $BAS trading pairs and community updates to capitalize on momentum. The token’s integration highlights its progress in securing infrastructure and network performance.

The U.S. Treasury’s recent suspension of Bitcoin purchases has sent ripples through cryptocurrency markets. Following the announcement, Bitcoin (BTC) prices fell below $115,000, triggering over $963 million in liquidations and heightened market volatility. This development underscores how U.S. government policy and geopolitical uncertainty can directly influence crypto trading. Analysts point to upcoming diplomatic meetings and global tensions as additional factors driving rapid BTC price swings. Traders are advised to monitor geopolitical events closely and adjust their risk management strategies to navigate sharp fluctuations in Bitcoin value.

MicroStrategy Bitcoin co-founder Michael Saylor announced on August 18 the purchase of 430 BTC for $51.4 million, a noticeable reduction from the company’s previous large-scale Bitcoin acquisitions. Renowned short-seller James Chanos noted this smaller buy may signal fading demand for MicroStrategy’s preferred stock, a key financing tool for its Bitcoin strategy. Following Q2 2025 results, MicroStrategy’s policy limits stock issuance below 2.5× market-to-net asset value (mNAV) to debt coverage or dividend payments, not Bitcoin purchases. However, the addition of “when otherwise deemed advantageous” in a recent presentation broadens management’s flexibility to issue equity, potentially undermining shareholder value. Traders will watch whether weaker preferred stock demand hampers future BTC acquisitions. This shift underscores growing scrutiny of MicroStrategy Bitcoin’s funding methods and its implications for corporate crypto strategies.

Bitcoin ETF trading volumes hit a record $40 billion this week, driving BTC to a peak of $124,000 before settling near $117,659. Ether ETF inflows surpassed $17 billion, lifting Ethereum to a weekly close of $4,475—its highest since 2021. XRP, buoyed by Ripple’s SEC victory, briefly rallied above $3.30 but now trades around $2.95 amid mixed adoption signals. Meanwhile, altcoin MAGACOIN FINANCE is drawing trader attention with 35× to 15,000× price forecasts, fueled by meme and DeFi use cases. Traders are eyeing ETF-driven momentum and top altcoins for potential outsized gains this cycle.

In August 2025, Hong Kong’s insurance industry saw the debut of the world’s first stablecoin-based insurance payment. At a launch event in the Ritz-Carlton, regulators and industry leaders unveiled a digital trading platform enabling customers to pay premiums and claim benefits in stablecoins, with transaction fees under US$1 and settlement times of two minutes—cutting costs by 80–90% compared to traditional cross-border transfers. The platform also supports tokenization of on-chain insurance assets (RWA), allowing policyholders to convert policy cash value into stablecoins without full surrender, enhancing liquidity. The 2025 Hong Kong Stablecoin Ordinance, effective August 1, mandates issuers to maintain reserves, ensure redemption within one business day, and uphold parity with fiat currencies. Financial Secretary Xu Zhengyu affirmed Hong Kong’s commitment to digital assets while warning against speculative abuse. Hong Kong Securities and Futures Commission’s Ye Zhiheng cautioned that the new framework may attract fraud and promised rigorous monitoring. Globally, regulators take diverse approaches: Singapore and Hong Kong favor strict rules to protect retail investors; the US Securities and Exchange Commission’s “Project Crypto” lays out an encouraging roadmap. The Hong Kong pilot marks a milestone in bridging decentralized finance and TradFi, with potential to unlock over US$1 trillion in tokenized insurance assets. As stablecoins shift from crypto niches to mainstream finance, traders should watch regulatory developments, RWA tokenization progress, and the broader digital asset ecosystem for trading opportunities and risk factors.

Ethereum (ETH) is trading between the $3,900–$4,400 liquidity zone after its highest weekly close in four years. Technical charts show a likely retracement to the $3,900 fair value gap—aligned with the 50–61.8% Fibonacci retracement level—before a potential 100% rally. Resistance at $4,400 must break to extend gains toward $4,583 and open the door for fresh all-time highs. A four-hour RSI below 50 and a maturing bull-flag pattern support the deeper pullback scenario. Record spot ETF inflows of 649,000 ETH last week reflect surging institutional demand, reinforcing the long-term pennant setup. Analysts view a drop to $3,900–$3,500 as a buying opportunity before Ethereum targets $8,000 in Q4. Ongoing ETF inflows and structural bullish indicators underpin a robust Ethereum outlook.

XRP closed Monday’s session near $3.00 after a late selloff erased earlier gains. The token surged to a 24-hour high of $3.10 on heavy trading volume of 131 million—almost double the average—before stalling at resistance around $3.09. In the final hour, XRP dipped to $2.99 as volumes spiked to 5.26 million, signaling possible institutional distribution and stop-loss liquidations. Key support at $3.00 is under pressure, with a breakdown risking a slide toward the $2.96 demand zone. While a bullish triangle pattern remains intact, repeated rejections at $3.09 and fading momentum present mixed technical signals. Traders should monitor the $2.99–$3.09 range for potential breakouts or deeper corrections to guide short-term crypto trading decisions.

Odin.fun co-founder Bob Bodily confirmed that funds held on multiple centralized exchanges (CEXs) and within various tokens have been frozen. The platform is working closely with regulatory and law enforcement authorities to recover these assets. An audit and remediation process is nearing completion, with findings to be published before trading resumes. Odin.fun also plans to maintain a strict 1:1 reserve for user assets, isolating and eliminating any illicit transactions while preserving legitimate user activity. A timeline for the relaunch of trading services will be announced once recovery and compliance measures are finalized.

Asia FX remained resilient despite mounting global risks. Geopolitical tensions around potential Russia-Ukraine talks drove safe-haven flows into the USD and JPY, yet robust trade surpluses, healthy FX reserves and prudent fiscal management underpinned key Asian currencies. The Japanese yen (JPY), Chinese yuan (CNY), Korean won (KRW) and Singapore dollar (SGD) showed limited volatility, reflecting strong domestic demand and intra-regional trade. Traders are now focused on the Federal Reserve’s Jackson Hole symposium for clues on future rate hikes or quantitative tightening. Interest rate differentials and global liquidity shifts from Fed policy decisions will directly impact Asia FX valuations. A hawkish Fed could strengthen the dollar and pressure emerging market currencies, while a dovish stance might spur risk-on flows into higher-yielding Asian assets. Actionable insights for Forex traders include monitoring central bank communications across Asia, tracking commodity price trends that affect net importers, and considering carry trades amid divergent monetary policies. Although Asia FX stability remains a positive signal, markets must brace for potential volatility from geopolitical developments and Fed policy shifts.

Solana price dropped sharply after failing to clear the $210 resistance level. The altcoin fell below key supports at $200 and $188, breaching the 100-hour simple moving average and forming a bearish trend line at $188. Solana price now trades around $185, with major resistance at $182 and $188. A daily close above $188 could spark a recovery toward $192 and $200. On the downside, initial support is at $175, followed by $172, $162 and $150 if bears remain in control. Technical indicators show the MACD deep in bearish territory and the RSI below 50, suggesting further downside risk. Traders should watch for a clear breakout above the $188 zone to confirm bullish momentum.

GemW Partner Program, launched by CoinW’s intelligent trading platform, enables strategy creators, KOLs and pro traders to monetize alpha strategies. The program offers a suite of creator tools, including strategy pools, copy-trade analytics, real-time trading signals and a “GemW Partner” badge for official recognition. GemW Partner Program features up to 50% revenue sharing, instant USDT commissions and exclusive airdrops. Built for decentralized finance and multi-chain ecosystems, the partner program lowers the barrier to strategy creation and boosts operational efficiency. It initially supports Solana (SOL) and will expand to BSC and Base. Participants benefit from CoinW’s custodial security and MEV protection for a stable trading environment. Incentives include 10 USDT per referral, event kits worth up to 2,000 USDT for top performers and tailored elite partner support. Upcoming features like real-time copy-trade data, automated commissions and subscription models will further drive long-term growth. The GemW Partner Program empowers creators to build engaged communities, amplify their influence and capture real trading opportunities in a transparent, decentralized ecosystem.

Analysts are eyeing Federal Reserve Chair Jerome Powell’s upcoming Jackson Hole speech on August 22 for clues on monetary policy ahead of the September meeting. Managing Partner Ryan Rabaglia of Rise Capital warns that shifts in policy guidance could significantly affect Bitcoin price, which has seen profit-taking after historic highs. Another analyst, Bruni, cautions that a no-rate-cut signal would keep bearish pressure on the market. Traders are focused on the 200-day moving average—around $100,000—as a key support level. With uncertainty rising, market participants remain cautious, adjusting investment strategies based on Powell’s remarks, which could drive short-term volatility and shape longer-term Bitcoin price trends.

Starknet v0.14.0 will launch on mainnet on September 1, 2025. This Layer-2 upgrade deploys a multi-sequencer architecture powered by Tendermint consensus. It aims to enhance censorship resistance, fair transaction ordering and fault tolerance. The update introduces sub-second pre-confirmations, offering near-final transaction feedback within milliseconds while maintaining 4–6 second block times. A new EIP-1559 fee market sets base layer-2 gas fees in FRI (with a minimum of 3 gFRI), decoupling Starknet fees from Ethereum gas volatility. RPC 0.9.0 brings expanded transaction statuses. A redesigned mempool and multi-block processing improve proving efficiency. StarkWare remains in control of sequencers in v0.14.0, but the release marks the first step in a decentralization roadmap to gradually transfer sequencer and prover functions to the community. A brief 15-minute network pause is expected to ensure a smooth migration. Starknet v0.14.0 builds on recent ecosystem milestones, including the Extended DEX rollout, SNIP-31 approval for Bitcoin staking via WBTC and tBTC, and July’s switch to STRK as the sole gas token. Starknet v0.14.0 reinforces Ethereum Layer-2 scalability, decentralization and fee predictability.

MicroStrategy has removed its 2.5× mNAV premium threshold. It can now issue new shares below 2.5 times its Bitcoin holdings. The updated equity financing policy gives Michael Saylor’s team more flexibility to raise capital for Bitcoin accumulation. Last week, MicroStrategy bought 430 BTC for $51.4 million, bringing total reserves to 629,376 BTC at an average cost of $73,320 and generating over $26 billion in unrealised gains. Despite significant Bitcoin reserves, MicroStrategy’s stock is down 22% since November, underperforming Bitcoin’s 23% rally. Traders worry about dilution risk and demand for the preferred equity program. Increased competition from Bitcoin ETFs and crypto treasury firms adds pressure. Analysts say the policy change makes equity financing more opportunistic for future Bitcoin purchases but highlights sustainability concerns.

CMB International has partnered with DigiFT and OnChain to launch CMBMINT, the first cross-border RWA tokenization of a US dollar money market fund recognized in both Hong Kong and Singapore. The fund, originally launched in February 2024, allocates 70% to high-quality USD deposits, treasury bills, and commercial paper, and 30% to non-US short-term instruments. CMBMINT’s token is initially deployed on Solana, with subsequent multi-chain support on Ethereum, Arbitrum and Plume Network. The platform remains regulated by the Hong Kong SFC and MAS under a mutual recognition framework. The smart contract has undergone security audits and includes proof-of-reserve and risk reserve mechanisms. As the first RWA tokenization by a Chinese bank, CMBMINT advances institutional adoption of real world assets on-chain and paves the way for future tokenized public funds.

Morgan Stanley projects that AI could increase S&P 500 market capitalization by $13–16 trillion, a boost of up to 29%. This AI impact US stocks scenario relies on autonomous decision-making systems and humanoid robots driving significant productivity gains. The firm warns that up to 90% of current roles may face disruption. Consumer goods, retail, real estate and transportation stand to benefit most. The report highlights potential labor market shifts as workers reskill or transition. Traders should note that this AI impact US stocks theme may shape equity and tech sector trends in the long term.

Hong Kong has launched a digital asset AML committee with support from the Virtual Asset Industry Association. The non-profit group includes members such as SlowMist and Circle. The committee will set and promote AML/CFT standards among regulated financial institutions. It will respond to HKMA’s stablecoin issuer guidelines. It will also explore global compliance practices like on-chain identity verification. This digital asset AML initiative aims to boost collaboration and strengthen market integrity.