Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Dogecoin is consolidating within a 12-hour symmetrical triangle pattern, signaling a potential 40% price move upon breakout. In technical analysis, a symmetrical triangle forms when price action is squeezed between two converging trendlines, reflecting market indecision. Analyst Ali Martinez highlights that Dogecoin’s price has recently rejected the upper resistance and now trades near the pattern’s midpoint, increasing the probability of an imminent breakout as it approaches the apex. Since symmetrical triangles carry no inherent directional bias, Dogecoin could surge above resistance or fall below support with equal likelihood. At the time of analysis, DOGE is trading around $0.21, down over 3% for the week. Traders should monitor breakouts from this consolidation to gauge the next major trend and adjust positions accordingly.

BONK lost its dominance on Solana’s memecoin launchpad as Pump.fun reclaimed a leading position. Following an 80% surge in July, BONK has dipped 13%, erasing half its value to $0.00002 and invalidating the bullish reset setup. The pullback reflects waning investor conviction and profit-taking, not a clear buy-the-dip opportunity. On August 6, Pump.fun outpaced Bonk_fun with $100.7 million in 24-hour volume versus BONK_fun’s $70.6 million, launching 16,000 tokens compared to BONK_fun’s 11,400. A $33 million PUMP token buyback sparked a 20% price pop. Pump.fun now commands 90% of Solana’s memecoin launchpad volume, while Bonk_fun’s share sank to 0.74%. In response, Bonk_fun has introduced a Points Tab reward system to boost trader engagement and reclaim liquidity. However, it has yet to shift the bearish market structure. Traders should monitor BONK’s sentiment, platform volumes, and the effectiveness of Bonk_fun’s incentives, as launchpad dominance could drive short-term price action and liquidity flow.

Recent analyses from Coinbase and Pantera Capital indicate altcoins are entering a bullish phase beginning in September. Pantera Capital reports altcoins have overtaken Bitcoin (BTC) in recent price gains, marking a shift away from a Bitcoin-dominated rally structure. Historical data shows altcoins accounted for 66% of growth in 2015–2018 and 55% in 2018–2021, compared to 35% in the current cycle, suggesting up to an additional 20% upside. Coinbase data reveals Bitcoin’s market dominance fell from 65% in May to under 58% in August, while the total market capitalization of altcoins has jumped over 50% since July to reach $1.4 trillion. Interest from retail investors is at its highest since January 2018, as Google searches for “altcoin” surge. New U.S. regulatory frameworks like GENIUS and CLARITY, alongside increased real-world asset involvement and institutional inflows—especially into Ethereum (ETH)—provide further support. Experts believe these trends set the stage for an altcoin season, although they advise close monitoring of evolving market conditions.

Matrixport’s latest report shows crypto concept stocks entering a consolidation phase after an 18-month rally. The crypto concept stocks index beat Bitcoin by a wide margin during the surge but has seen recent pullbacks in leaders such as MicroStrategy, Coinbase and Metaplanet. Buying interest cooled following Circle’s recent USDC listing, underscoring muted momentum in equity markets. Analyst Markus Thielen cites seasonal summer weakness and limited institutional participation as key factors. He adds that without a pipeline of major crypto IPOs, the sector is likely to trade in a range-bound pattern in the near term. Traders should watch for fresh catalysts and institutional flows to break the current consolidation and drive the next leg of growth.

Hyperliquid has claimed the top spot in global revenue per employee among companies, posting an average annual yield of $102.4 million per staff member. According to HyperliquidFR, the crypto derivatives firm’s 11 core employees generated a combined estimated annual revenue of $1.127 billion last year. Data from DefiLlama shows Hyperliquid surpasses major industry players including Tether (USDT), OnlyFans, Nvidia, and Apple. This milestone underscores Hyperliquid’s strong operational efficiency and significant revenue performance within the cryptocurrency sector.

KindlyMD and Nakamoto Holdings merged to form NAKA, a Nasdaq-listed Bitcoin treasury company (ticker: NAKA), led by David Bailey as CEO and chairman and Tim Pickett as chief medical officer. NAKA plans to build a 1-million-BTC reserve, immediately spending about $679 million to acquire 5,744 BTC at an average price of $118,204 per coin, backed by a $540 million PIPE at $1.12 per share and a $200 million zero-coupon convertible bond. Shares jumped 13.4% on the news, extending gains since May, despite Bitcoin’s price drop to $112,757 causing a $31.4 million unrealized loss. With investors such as Arrington Capital, VanEck, Adam Back, Jihan Wu, Balaji Srinivasan and Ricardo Salinas, the transaction positions NAKA among the top 20 public BTC holders. This deal exemplifies the rise of institutional Bitcoin treasury strategies and signals a bullish outlook for Bitcoin adoption and price.

Binance Alpha is set to list DecentralGPT (DGC) on August 20, 2025, at 20:00 Beijing time. Concurrently, the platform will launch a 500,000 DGC airdrop. To qualify, users must hold at least 200 Alpha points at the start of trading. The airdrop operates on a first-come, first-served basis. If tokens remain undistributed, the eligibility threshold drops by 15 points each hour until fully claimed. Successful claims will cost 15 Alpha points. Users must confirm their allocation within 24 hours on the Alpha event page, or the claim will be forfeited. This token listing and airdrop aim to incentivize early engagement and increase DGC liquidity on Binance Alpha.

MSTR shares plunged to a four-month low after the company removed its 2.5× mNAV premium requirement for share issuance. The change allows MSTR to issue new shares even when its stock trades at about 1.55× bitcoin net asset value, raising dilution concerns among investors. Michael Saylor said this move enhances capital flexibility to buy additional bitcoin, supporting the firm’s bitcoin reserve strategy. MSTR holds over 629,000 BTC, valued at roughly $71.3 billion. Investors fear that frequent share issuance will dilute existing holdings and further depress the share issuance premium. Critics note similar sell-offs at peers MARA, COIN and RIOT, and an 8.6% pullback in bitcoin from its $124,000 peak has weighed on crypto-reserve models.

Bank of America’s latest report forecasts a surge in stablecoin supply of $25 billion to $75 billion over the next year, driven by regulatory clarity from the GENIUS Act and CLARITY Act. These laws lower institutional barriers, enabling insurers, funds and global banks to issue or hold stablecoins. Retail adoption is rising—Shopify now accepts USDC—and cross-border payments benefit from faster settlement and lower fees. Institutional use is emerging, with on-chain U.S. Treasury repo transactions demonstrating stablecoins’ role in fixed-income settlements. High-liquidity stablecoins offering yield are challenging money market funds and boosting demand for short-term U.S. Treasuries by an estimated $25 billion to $75 billion. Major banks are responding: BofA is developing its own stablecoin, JPMorgan and others are evaluating Ripple’s RLUSD to cut cross-border costs. The report concludes that stablecoins are now essential infrastructure for financial markets, marking a pivotal shift for banks, funds and tech firms.

Bitcoin fell to a low of $112,656 on Coinbase after breaking under the $113,000 support level, triggering panic selling among retail traders. According to blockchain analytics firm Santiment, social sentiment among retail traders hit its most negative point since June 22, when Middle East conflict fears sparked widespread sell-offs. Santiment notes that extreme bearish sentiment on social media often presents a contrarian buy signal, especially when market fear is high. The Bitcoin Fear & Greed Index dropped to 44/100, marking the lowest level since late June. Historical data from bull cycles in 2017 and 2021 show similar “bear trap” pullbacks—significant short-term declines followed by renewed all-time highs. If history repeats and Bitcoin retraces to around $90,000 next month, traders could position for a rebound toward new records. Primary Keywords: Bitcoin, retail sentiment; Secondary Keywords: social sentiment, bear trap, fear & greed index.

An industry analyst known as ChainLinkGod argues that Chainlink’s cross-chain interoperability and extensive oracle network give it a clear edge over XRP’s single-ledger model. He highlights Chainlink’s work with major institutions—Swift, J.P. Morgan, Mastercard, DTCC and others—on tokenized asset transactions, compliance automation and privacy-preserving computation. The expert compared Chainlink vs XRP models and noted that LINK secures over $92 billion in value across 2,000+ oracle networks on 60 blockchains, supporting 450+ dApps. In contrast, the XRP Ledger holds around $100 million in total value locked across nine applications. Chainlink vs XRP debate centers on flexibility: Chainlink’s chain-agnostic design taps both public and private networks, while XRP depends on direct ledger adoption by banks. Recent market data show LINK trading at $24.12 (−3.45%, $16.3 billion cap) and XRP at $2.92 (−3.13%, $173.7 billion cap). The analyst concludes that Chainlink’s broader product suite and institutional integrations position LINK as a stronger bet for the upcoming wave of on-chain tokenization.

Bitcoin and major cryptocurrencies fell sharply this week as analysts attribute the sell-off to an impending $400 billion liquidity drain from the U.S. Treasury General Account (TGA), not Jackson Hole or inflation fears. Since hitting record highs above $124 000 last Thursday, BTC dropped over 8% to $113 500, while the CoinDesk 80 Index slid 13%. The Nasdaq also eased 1.4%. Coinbase’s David Duong warns market players are de-risking ahead of the TGA refill, which sees the account balance rising from $320 billion to over $500 billion and may require $500–600 billion in new debt issuance. Delphi Digital’s Marcus Wu notes that unlike previous rebuilds buoyed by Fed RRP injections, healthy bank reserves and strong foreign demand, today’s tighter liquidity buffers could drive up funding rates and pressure risk assets, including crypto.

Bitcoin and major altcoins retreated on Wednesday as traders booked profits amid rising macroeconomic pressures. Bitcoin slipped below its 50-day moving average to $113,500, fueling concerns of a deeper correction toward the $100,000 mark near its 200-day MA. Ether fell 1.8% to around $4,159, retesting key $4,100 support. XRP and Dogecoin also slid, while Cardano’s ADA led losses with a 6.6% drop. The pullback followed hotter-than-expected US inflation data, which dampened expectations for Federal Reserve rate cuts and pressured the broader crypto market. Leverage reached record highs in futures, amplifying volatility and raising the risk of sharper moves if sentiment shifts further. Despite the near-term downturn, institutional flows into Ethereum products and growing allocations to digital assets suggest resilient long-term interest. Traders now eye the Fed Chair’s Jackson Hole address for clues on monetary policy, with any hawkish signals likely to reverberate across the crypto market.

XRP dropped below $3.00, trading near $2.90 after a security audit ranked the XRP Ledger lowest among 15 blockchains, undermining confidence. The SEC also postponed decisions on multiple XRP ETF applications, including Nasdaq’s CoinShares filing, to October. Heavy volume and profit-taking pushed XRP to test support at $2.85–$2.88, while traders watch the $3.00 level for resistance. Volume surged to 137 million in a single hour, highlighting institutional flows. Future SEC rulings and security ratings are key volatility drivers.

Web3 reputation is scattered across on-chain records, DAO votes, NFT ownership and event check-ins, making social proof unreadable. Traditional Web2 platforms like LinkedIn and Twitter centralized reputation, but Web3 relies on decentralized data with no unified interface. Key challenges include data fragmentation, a verification gap that hides expertise details, and lack of context for raw blockchain logs. UX solutions can bridge these gaps by enabling portable reputation that travels across apps, composable reputation signals tied to actual contributions, and progressive disclosure to summarize user activity (e.g., “20 verified contributions across 5 DAOs”). User-controlled visibility ensures selective sharing of governance history or creative projects. Temporal framing highlights both recent activity and lifetime stats. Improved UX can translate raw proofs into human-readable signals, making decentralized reputation socially usable. Without these design innovations, traders and users will fall back to Web2 validators, undermining true decentralized trust.

Andreessen Horowitz’s crypto arm A16z Crypto argues that zero-knowledge proofs can secure user privacy while enabling law enforcement oversight. In a report by policy partner Aiden Slaven and counsel David Sverdlov, ZK-proofs are highlighted for verifying fund origins without revealing transaction details. The timing follows the Tornado Cash cofounder Roman Storm’s conviction for unlicensed money transmission. Slaven and Sverdlov argue that zero-knowledge proofs could allow users to prove clean crypto funds at fiat off-ramps. Exchanges would verify funds did not derive from crime, preserving onchain privacy. The report also notes broader uses outside finance, including identity verification without exposing personal data. Privacy technologies often face scalability concerns. However, improvements in computational efficiency make zero-knowledge proofs more viable for mainstream blockchain and enterprise applications. Advances in blockchain privacy and regulatory compliance make ZK-proofs a key tool for next-generation protocols. The US government’s July crypto report and JPMorgan’s Nexus platform already leverage ZK-proofs for compliance and tokenized settlements. Other cryptographic privacy solutions such as homomorphic encryption, multiparty computation, and differential privacy also offer compliance-friendly features. A16z’s endorsement and regulatory attention signal growing institutional support for privacy-preserving blockchain tools.

Bitcoin price dipped to $113,646, marking a 1.2% daily loss and an 8.5% drop from its mid-August peak. The Fear & Greed Index fell 12 points to 44, signaling bearish retail sentiment at its weakest since late June. Derivatives data show 24-hour trading volume rose 6.2% to $83.7 billion while open interest slipped 0.8%, suggesting traders are reducing risk amid higher volatility. On-chain metrics reveal retail traders shifting to pessimism, but whales (10–10,000 BTC wallets) added over 20,000 BTC since mid-August. Glassnode reports cooling spot momentum with RSI weakening and sellers dominating order books. Futures funding rates remain positive, and options markets show elevated open interest and skew, indicating demand for downside hedges. Institutional flows stay strong, with $880 million streaming into Bitcoin ETFs last week. Although user activity and fees declined, 96% of supply remains in profit. The Bitcoin price outlook hinges on whether ETF demand and whale accumulation can counteract bearish spot signals or if the price will consolidate further.

Cardano (ADA) bucked a broader market downturn by rallying 20% over the past week, trading near $0.92 and up 175% year-on-year. A bullish golden cross on ADA’s daily chart—historically linked to major upswings—has drawn renewed investor interest. Technical patterns show price tightening in a triangle, with a breakout above $0.98 poised to trigger fresh buying, while support holds at $0.89. Market speculation of a cumulative 75-basis-point Fed rate cut by year-end is further fueling risk-on sentiment. Despite the short-term strength, the lofty $10 target remains a distant prospect. Analysts note ADA must first reclaim $1.10 and clear heavy resistance at $2.90—the cap in the last bull cycle—before a climb toward $4–$5 becomes realistic. Achieving $10 would require a tenfold increase in market capitalization, demanding broad adoption, institutional inflows and ecosystem growth. A more attainable milestone is $2.50–$3.00 by 2025, which analysts agree would mark significant progress for Cardano investors.

Ethereum faced a 7.3% weekly drop and an additional 1.5% fall in 24 hours, driving its price to around $4,166. Margin traders saw $196.8 million in Ethereum liquidations, mainly from long positions, and over 136,000 accounts were wiped out. High-leverage traders, including one who lost $6.2 million after re-entering the market and James Wynn, saw partial or full liquidations. In contrast, institutions like Bitmine Immersion and SharpLink added over 516,000 ETH to their reserves, buying during the price dip. Large transfers to exchanges by some whales fueled panic selling, increasing volatility. Traders should note the heightened short-term bearish pressure and possible rebound from strong institutional demand.

The SEC crypto framework proposed by Chair Paul Atkins outlines a flexible approach to market oversight and stablecoin regulation. It aims to reduce the agency’s enforcement-first stance by providing clear guidance, coordinating with Congress, and supporting the GENIUS Act. The initiative seeks to future-proof crypto markets over the next 5–10 years, ensuring rules adapt to technological advances and market shifts. Stablecoin clarity is a key focus: the framework endorses legal definitions and compliance pathways introduced in the GENIUS Act, which reduce systemic risk and give issuers predictable oversight. Atkins also announced plans for interagency cooperation to avoid regulatory gaps and overreach. Traders should monitor upcoming legislative milestones and SEC guidance, as evolving compliance standards could influence market stability, token liquidity, and project risk profiles. The shift toward innovation-friendly regulation may support bullish sentiment, particularly for stablecoins and infrastructure projects compliant with the new framework.

On August 20, on-chain analysis revealed a major BitGo ETH transfer of 52,475 ETH (≈$220.4 M) to three newly created wallets. Blockchain heuristics link these addresses to mining operator Bitmine, though this connection remains unconfirmed. This BitGo ETH transfer highlights significant institutional liquidity and enhanced transparency in custody management. Traders should monitor subsequent on-chain movements and wallet activity. If funds land on exchanges, they may trigger sell pressure; if moved to cold storage, circulating supply could tighten. Real-time on-chain analytics are essential for spotting strategic asset reallocations ahead of market events.

Bitcoin price dip to $112.6K marks an 8.5% retreat from last week’s all-time high. Retail panic selling drove social sentiment to multi-week lows, with Santiment reporting the weakest mood since June. The total crypto market cap slipped below $4 trillion and the Fear & Greed Index fell to 44 (“Fear”). Extreme negative sentiment often triggers dip-buying as fear peaks. Traders should watch on-chain flows and sentiment indicators for a potential bounce. Staged buying and strict risk controls are advised, as historical pullbacks in 2017 and 2021 preceded fresh highs.

BlackRock’s Ethereum ETF, launched in early 2025, has driven over $440 million in institutional inflows through July. The regulated Ethereum ETF offers simplified ETH exposure within brokerage accounts, attracting pension funds, endowments and asset managers. On-chain metrics now show Ethereum’s market cap topping $460 billion and price exceeding $3,800. More than 34 million ETH are staked, reflecting growing long-term commitments. Meanwhile, Apollo and partners are expanding tokenization and staking infrastructure to support DeFi adoption. Traders should track ETF flow data, staking rates and liquidity shifts. The institutional embrace of the Ethereum ETF marks a bullish shift, deepening ETH’s integration into traditional portfolios and potentially sustaining upward momentum.

Morgan Stanley’s Chief Information Officer stated the April sell-off marked the final capitulation of the bear market and the start of a new bull market. Now four months in, this bull market shows shallow pullbacks and long duration patterns that typically span one to two years or more. The CIO noted that similar dynamics are unfolding in the crypto market. Institutional and sovereign funds have poured capital into core assets like Bitcoin and Ethereum. If historical patterns persist, the crypto market may also be at the early stage of a sustained bull run, presenting traders with rising price momentum and strategic entry opportunities.

Ethereum is undergoing a value transformation driven by three converging narratives: staking, spot ETFs, and corporate treasury adoption. On-chain staking has surpassed 33.8 million ETH (over 25% of supply), offering 3–5% annual yields and establishing a new risk-free rate anchor. Meanwhile, US spot Ethereum ETFs have recorded $27 billion in assets under management and $12.4 billion in net inflows, with BlackRock and Fidelity controlling two-thirds of the market. At the corporate level, listed firms such as BitMine (1.523 million ETH) and Cosmos Health ($300 million ETH treasury plan) are adding Ethereum as a reserve asset and payment medium. Together, these developments elevate ETH from a trading token to a comprehensive financial asset with yield generation, regulatory compliance, and treasury functions. This shift signals a move beyond “digital gold” toward Ethereum’s role as the core liquidity layer of a global ledger. Traders should watch staking yields against global interest rates, ETF flows, and corporate balance-sheet entries for short- and long-term market impacts.

Hedge funds have increased their Ethereum short positions to a record $4.19 billion, according to The Block. After Ethereum surpassed $4,000, the total short volume rose from $2.3 billion on August 5 to $4.19 billion. Asset managers hold $1.22 billion in long positions, while non-reportable traders add $77.5 million in net longs. Other participants are net short $397.5 million. Such high Ethereum short positions create the potential for a rapid short squeeze if prices continue to climb. A sudden spike in buying demand to cover shorts could trigger price volatility in both the short and medium term. Traders should watch Ethereum price movements, open interest, and funding rates, as an extended rally could force short-sellers to unwind. The imbalance between short and long bets underscores growing market tension, suggesting that Ethereum’s next moves may be driven by liquidations among leveraged positions.

Hedra founder Michael Lingelbach explains how generative video AI is moving from viral meme content to enterprise applications. Hedra’s full-body, dialogue-driven models allow creators and brands to produce interactive video, virtual influencers and digital avatars at low cost and high speed. Early adopters have used Hedra to launch signature meme campaigns—like ‘Baby Podcast’—that boosted brand awareness, while others leverage virtual avatars for education and marketing. The platform integrates script, voice cloning and rendering, enabling seamless production without extensive setup. Recent advances include low-latency interactive video models and character-centric control, pointing to fully programmable AI actors. Hedra partners with leading labs for audio quality and aims to support multi-modal experiences. Backed by a16z, the startup is poised to transform content workflows from solo creators to enterprise newsrooms.

Several Wall Street trade groups, including SIFMA, ISDA and FIA, have urged the Basel Committee on Banking Supervision to revise its proposed Basel crypto standards under the Basel III framework. The groups argue that the Committee’s plan to impose a 1,250% risk weight on banks’ crypto exposures would effectively block banks from offering custodial and trading services. They propose calibrating risk weights more proportionally, for example, setting a 250% weight for uncollateralized exposures to major cryptocurrencies like Bitcoin and Ether. The trade associations also seek clearer guidance on external reference exposures, risk-weight floors and treatment of stablecoins. SIFMA president Kenneth Bentsen warned that overly punitive Basel crypto standards could push crypto business away from regulated institutions. ISDA CEO Scott O’Malia criticized the departure from a risk-based approach. The groups argue that balanced Basel crypto standards could support banks’ participation in digital asset markets without exposing them to excessive risk.

US Congress passed the GENIUS Act, creating a clear regulatory framework requiring regulated issuers and 1:1 fiat reserves for stablecoins, legitimizing crypto payments. This landmark law brings stablecoin payment into the legal mainstream. Tech giants like Google, Uber, Apple and Shopify are exploring integration of stablecoin payments in their systems. PayPal’s “Pay with Crypto” service converts users’ cryptocurrencies into stablecoins or fiat at checkout, enabling merchants to access 650 million crypto users. Major financial institutions such as Visa and Mastercard are positioning to support stablecoin transactions via infrastructure roles. Meanwhile, CBDCs and tokenized central bank reserves are under active exploration, promising efficiency and security in cross-border payments. A YouGov-Reown survey shows 37% of crypto users believe payments and AI will drive adoption by 2025, with 34% already using crypto payments. Challenges remain in ensuring reserve stability, AML compliance, system integration and user trust. Overall, regulatory clarity and corporate initiatives are accelerating crypto payments from niche use to mainstream commerce, setting the stage for a more efficient and inclusive digital economy.