Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Thirty crypto executives from firms such as Coinbase, Kraken and VanEck have urged the UK government to adopt a coordinated national stablecoin strategy. In an open letter to Finance Minister Rachel Reeves, they warn that current UK crypto-asset rules classify stablecoins merely as fiat-linked tokens, hindering innovation and adoption. The group emphasizes that, while the global stablecoin market tops $280 billion—led by USDT and USDC—UK-issued sterling-backed tokens account for just £461,224. They caution that without swift regulatory clarity, the UK risks falling behind the US, which is advancing its framework through the GENIUS Act. Executives recommend clear reserve standards, audited transparency, consumer protections and integration with payment systems. They call for defined stablecoin categories, aligned rules across the Treasury, Bank of England and FCA, and international coordination to support institutional adoption, cross-border payments and exchange-traded products. Major banks including Citi and HSBC are already exploring stablecoins and related exchange-traded offerings, while South Korean banks have formed dedicated stablecoin teams. A decisive strategy could strengthen the UK’s digital asset infrastructure, safeguard consumers and maintain market stability.

Ripple escrow system, launched in 2017, locked over 54 billion XRP to regulate XRP circulation. Under the plan, Ripple escrow releases 1 billion XRP each month. Typically, 700 million XRP is re-locked, leaving 300 million XRP available for token supply. As of August 2025, about 35.6 billion XRP remain in escrow, valued at $106.8 billion. Between January and August 2025, monthly net usage averaged 300 million XRP. Analysis from “XRP Liquidity” suggests that if this pattern continues, the escrow will deplete in 9 years and 8 months—around 2035. If monthly usage rises to 400 million XRP, depletion could occur in about 7.5 years (2033). Halting all re-locks would exhaust reserves in just three years. These depletion projections highlight how changes in release policies can affect long-term supply. Traders should monitor monthly escrow activity closely. Stable releases of 300 million XRP per month support gradual increases in circulating supply. Any adjustment in re-lock ratios or release volume could trigger price volatility. Understanding these dynamics is crucial for anticipating supply-driven market movements.

NVIDIA has halted production of its H20 GPU after China’s government ordered domestic tech companies to stop purchasing the chips. The ban targets NVIDIA H20 GPU sales amid broader export controls on AI hardware. NVIDIA confirmed the suspension of all H20 GPU orders to Chinese customers until further notice. The move may tighten global GPU supply and push up graphics card prices. GPU availability could impact crypto mining operations and AI research. Market watchers say this is a sign of increasing tech rivalry between the US and China.

The CFTC has launched a new federal initiative to regulate spot cryptocurrency markets, marking a significant advancement in CFTC crypto regulation. Based on recommendations from the President’s Working Group on Financial Markets, the proposal introduces federal trading rules and enhanced market oversight to improve transparency and investor protection in crypto asset markets. Acting Chair Caroline D. Pham emphasized the aim of establishing a coordinated federal-level framework that addresses existing gaps in spot market supervision. This CFTC crypto regulation sprint is expected to create a predictable environment, reduce systemic risk, and foster long-term growth by promoting market stability and investor confidence.

Asian family offices are increasingly embracing crypto investments, with some Chinese entities planning to allocate around 5% of their portfolios to digital assets. Regulatory clarity—especially Hong Kong’s new stablecoin law and evolving U.S. guidelines—has reduced institutional hesitation. Initially, many investors gained exposure through Bitcoin ETFs to limit risk. Now, they’re shifting toward direct token holdings and employing market-neutral strategies like arbitrage. This strategic diversification coincides with robust market growth in Asia: Hong Kong’s HashKey Exchange saw an 85% year-over-year user increase, South Korean exchanges reported a 17% rise in trading volumes, and average daily trading across the region climbed over 20%. The combined effect of clearer regulations and rising institutional participation is boosting liquidity, enhancing market stability, and lending credibility to the crypto sector.

The article examines why Bitcoin is poised to replace gold as the leading store of value. It begins by reviewing money’s three core functions—medium of exchange, unit of account, and store of value—and explains how gold historically prevailed due to its scarcity, durability, portability, divisibility, and social consensus. However, gold faces four major limitations: high storage and insurance costs, illiquidity during crises, risk of government confiscation or price controls, and lack of digital transferability. By contrast, Bitcoin is a decentralized digital asset built on blockchain technology. Through a transparent mining mechanism capped at 21 million coins, Bitcoin offers global accessibility, verifiable scarcity, low transfer fees, and seamless digital settlement. Traders are urged to consider Bitcoin’s advantages in portability and divisibility, as well as its growing adoption as a hedge against currency debasement. Ultimately, Bitcoin’s digital nature and immutable consensus make it a superior alternative to gold for wealth preservation in the 21st century.

Coinbase has announced support for the World Liberty Financial USD1 stablecoin as an ERC-20 asset on the Ethereum network. The USD1 stablecoin will be available for deposits, withdrawals, and trading on Coinbase and Coinbase Exchange in eligible regions starting August 22. Traders are advised to use only the Ethereum network for USD1 transfers to avoid potential loss of funds. This ERC-20 listing broadens Coinbase’s stablecoin offerings and boosts liquidity on the Ethereum network. By adding the USD1 stablecoin, Coinbase provides users a new US dollar–pegged trading option and reinforces its position in the stablecoin market.

Pump.fun, a Solana-based memecoin issuance platform, has exceeded $800 million in lifetime revenue by charging a 1% swap fee on token transactions. Since the memecoin boom earlier this year, daily revenues have remained strong, often surpassing $1 million, while rival LetsBonk.fun’s earnings have fallen below $30,000 per day. Last month, Pump.fun raised $600 million in just 12 minutes during its initial token offering. The platform has also repurchased tokens above market price to stabilize value and has reclaimed its lead in graduated token deployments after top developers returned from LetsBonk.fun. Meanwhile, Solana has been overtaken by the Base network in daily memecoin launches—57,970 tokens compared to Solana’s 32,760—underscoring shifting trends in memecoin issuance. Pump.fun’s steady fee model and renewed developer activity signal a positive outlook for Solana’s DeFi ecosystem and offer new trading opportunities.

On-chain analytics firm Glassnode reports that Bitcoin long-term holders (LTHs)—investors holding BTC for over 155 days—have realized 3.27 million BTC in cumulative profit this cycle. This total surpasses all previous cycles except the 2017 bull run. Glassnode tracks realized profit from each cycle’s all-time high breakout, marking peaks in LTH profit-taking as signs of a late-stage bull market. Another key metric, the Percent Supply in Profit, has exceeded one standard deviation above its mean on 273 days this cycle, second only to 2016–18. These indicators suggest caution, though the current cycle could still diverge from past patterns. At the time of writing, Bitcoin trades near $113,400, down 4% over the past week.

State Street has become the first third-party blockchain custodian on JPMorgan’s Digital Debt Service, enabling tokenized debt securities custody with same-day settlement. The blockchain custodian role allows State Street to automate corporate actions and lifecycle management via smart contracts. In a pilot trade, State Street Investment Management executed a $100 million commercial paper transaction on-chain, achieving precision-timed settlement and reduced operational risks. This integration marks a shift from experimentation to practical deployment in tokenized debt markets. It enhances interoperability between blockchain networks while maintaining regulatory compliance. For crypto traders, the entry of a major custodian underscores institutional confidence in tokenized assets, may drive liquidity and further development of tokenized capital markets, and highlights the role of blockchain custodian services in reducing settlement delays.

On August 20–21, BlackRock transferred 1,885 BTC and 59,606 ETH (about $366 million) from ETF-linked addresses into a Coinbase Prime wallet. The move coincided with nearly $2 billion in ETF outflows—$970.8 million from Bitcoin ETFs and $925.8 million from Ethereum ETFs over four days, including $220 million and $257.8 million redemptions from iShares BTC and ETH ETFs on August 20. Other issuers like Ark Invest, Grayscale and Fidelity also saw sizable withdrawals. Transfers to Coinbase Prime often signal institutional sell-offs and have added short-term selling pressure, sending BTC down 8% and ETH down 10% in a week. Traders should monitor on-chain analytics, exchange order books and ETF outflows data to gauge liquidity, assess liquidation pressure and adjust positions ahead of further institutional selling.

Rekt Fencer, founder of DeFi collective X DAO, forecasts significant gains for XRP and other major tokens by Q4 2025. He sets an XRP price target of $8.50–$9, suggesting a threefold increase from today’s $2.90. Fencer also sees Binance Coin (BNB) climbing to $2,800–$3,300 (from $833), Bitcoin reaching $215,000–$230,000, and Ethereum at $9,000–$12,000. His broader crypto market outlook includes Solana (SOL) at $800–$900, Dogecoin (DOGE) at $1–$2.50, and Chainlink (LINK) at $250–$400. Smaller tokens like ENA ($2–$3), PENGU ($0.70–$1) and FARTCOIN ($4.50–$6.50) are also projected to rally. This bullish XRP price target and parallel forecasts reflect continued optimism amid market volatility. Traders should weigh these speculative price forecasts against broader trends and perform due diligence before adjusting their positions.

Acting CFTC Chairman Caroline D. Pham has launched a new “Crypto Sprint” to put into action recommendations from the President’s Working Group and related reports, advancing federal oversight of digital asset trading. The CFTC will seek public feedback on leverage, margin and retail trading practices to shape upcoming rule-making and support more transparent, efficient spot cryptocurrency trading infrastructure. Stakeholders are invited to comment on the “Enhancing U.S. Leadership in Digital Financial Technologies” report, helping to refine policies that could fast-track Bitcoin spot listings and align with the SEC’s Project Crypto. Compliance teams and market participants are encouraged to engage in the consultative process as the agency prioritizes regulatory clarity over speculative forecasts. This initiative may accelerate Bitcoin spot listings, boost market integrity and offer clearer guidance for retail and institutional traders.

Bitcoin price trades near $114,000, with $112,000 as key support. On-chain MVRV deviation bands indicate critical support buckets at $112.8K, $91.4K and $70K. Realized price remains near $52,164, keeping most holders profitable but raising vulnerability if short-term supports fail. Cycle models based on regression project a cycle top between $161K and $207K in 2025. Analysts monitor a potential macro distribution zone at $133K–$145K. Technical structure and Wyckoff mapping suggest a developing distribution phase, with immediate resistance at $133K and $145K, and support at $111.9K and $108K. Bear scenarios forecast retests to $96K, $76K or lower near $48K if $112K fails. Bull scenarios require a breakout above the distribution zone to target $161K–$207K, amid elevated volatility. Traders should watch MVRV levels, distribution signals and regression targets. The Bitcoin price outlook hinges on maintaining support and navigating the $133K–$145K distribution zone.

Bitcoin has pulled back from its recent all-time high and now trades near $113,500. Data from CryptoQuant shows the Binance Taker Buy-Sell Ratio has fallen to 0.95, its lowest level this cycle. This indicator measures aggressive buy and sell orders in the derivatives market. Historically, sharp drops in this ratio have preceded strong rebounds as bearish positioning creates fuel for short squeezes. On the daily chart, Bitcoin faces support near the 100-day moving average at $111,140 and resistance at the 50-day SMA around $116,114. Traders will watch the $113K–$111K range as a key zone for either a renewed bullish push or a deeper correction. The cycle-low taker ratio suggests a contrarian buying opportunity. If buyers step in decisively, Bitcoin could resume its uptrend. However, failure to hold critical support may lead to extended consolidation.

YZY token is a Solana-based cryptocurrency launched by Ye on August 21, 2025. It powers Ye Pay and the YZY Card in the YZY Money ecosystem. At launch, the YZY token surged to a $3.2 billion market cap driven by retail demand and celebrity backing. Prices then corrected sharply to about $1.3 billion as trading normalized and speculation eased. The launch used an anti-sniping mechanism with 25 contract addresses, but on-chain analytics flagged suspected insider wallet activity, indicating potential information leakage. Distribution of YZY token includes public allocations, liquidity reserves and long-term tranches held by Yeezy Investments LLC. Vesting is managed on-chain via the Jupiter Lock protocol, with audited, timed releases visible on Solana. Investors should monitor on-chain vesting schedules, liquidity pool movements and wallet concentration metrics to assess future price resilience. The YZY Money ecosystem aims to reduce merchant fees and enable transparent global payments via Ye Pay and the YZY Card. Traders should also watch governance updates from Yeezy Investments LLC for any changes in token release timelines.

Bitcoin News press release names Ethereum (ETH) and memecoin Pepe Dollar (PEPD) as top cryptocurrencies to buy this cycle. It cites Ethereum’s robust network activity and growing DeFi adoption. Traders eye Pepe Dollar for its viral momentum and rising trading volumes. On-chain data shows Ethereum holders reallocating funds to purchase Pepe Dollar, boosting PEPD liquidity and market cap. The report advises crypto traders to balance portfolios with ETH’s fundamentals and PEPD’s speculative upside. Overall, Ethereum and Pepe Dollar stand out for their combined mix of stability and high-growth potential in the current market cycle.

Sherrod Brown, the former U.S. Senator who lost his seat in 2024 in part due to crypto-backed campaigns like Fairshake, is softening his crypto stance as he eyes a 2026 Senate return. He now describes cryptocurrency as “part of America’s economy” and vows to protect Ohioans as adoption grows. However, Brown has offered no concrete policy proposals. With Fairshake raising over $140 million for the midterms and staking influence in political funding, experts say mere statements won’t build trust. Against intra-party rivals and lingering skepticism, Brown’s position shift underscores crypto’s growing role in U.S. politics, though its impact on future regulation remains unclear.

XRP price has been consolidating following a July pullback driven by long-term holders realizing about $2 billion in gains, including a single-day spike of $375 million. On-chain metrics show realized gains peaked around the $3.55 cost basis before dipping, while a validated bounce at $3.00 indicates a support flip. Historically, Q4 support flips—such as last year’s $2 turnaround—preceded rallies (60%+ gain to $3.35). If market risk appetite returns, XRP could target approximately $5.40, implying an 80% upside. Key technical levels to watch are immediate support at $3.00 and near resistance at $3.55. Traders should monitor realized gains, on-chain data, order-book liquidity and market sentiment to confirm momentum and gauge timing for a potential breakout.

Visa has posted a new job opening for an on-chain expert to bridge blockchain activity with its global payments network. The role involves designing and implementing blockchain-based payments solutions, collaborating with engineering teams, and driving integration across Visa’s payment rails. Candidates should have proven experience in on-chain architectures, cryptocurrencies, and cross-border payments. This strategic hire signals Visa’s commitment to expanding blockchain capabilities and exploring future crypto applications. Traders and developers should note Visa’s growing investment in blockchain talent, a positive indicator for the sector’s long-term growth and adoption.

TSMC executives are weighing the return of US Chips Act funds if the government insists on an equity stake, reports the Wall Street Journal. The US Chips Act allocates $52 billion to boost domestic semiconductor manufacturing, with TSMC securing $6.6 billion for its Arizona plant. Under the Trump administration, officials may push for equity in recipient companies, a move that could set a precedent across the tech sector. TSMC’s CFO noted the company could reconsider the TSMC Chips Act funds if equity requirements emerge. This TSMC Chips Act debate highlights concerns over government funding terms and corporate control in strategic industries. Traders should monitor policy shifts that might influence semiconductor funding and market dynamics.

According to the Wall Street Journal, the Trump administration will not seek equity stakes in semiconductor firms like TSMC and Micron as part of its US investment strategy. Instead, the Trump administration may explore minority shareholdings in other technology companies to support domestic chip production. The decision reflects concerns over federal resources and geopolitical risks associated with owning shares in firms with critical supply chains. While TSMC and Micron will still benefit from government incentives, direct equity participation is off the table for now. Analysts warn that this approach could reshape future US investment policies in the semiconductor sector, influencing market confidence and global chip supply dynamics.

In a recent tweet, Elon Musk refuted a Wall Street Journal report claiming he had halted work on the America Party—a political movement he launched last July centered on Bitcoin-based economic policies. Musk labeled the story “inaccurate and misleading” and warned followers that “Nothing @WSJ says should ever be thought of as true.” His denial prompted swift reactions from crypto figures like Tim Draper, who praised Musk’s vision, and Dogecoin developer DogeDesigner, highlighting the community’s focus on Musk’s political stance and its potential impact on cryptocurrency adoption. Musk first unveiled the America Party as an alternative to the US two-party system, positioning Bitcoin at the core of fiscal reform and decentralization. Speculation has tied his efforts to private talks with potential 2028 candidate J.D. Vance. Supporters believe the party could accelerate Bitcoin adoption and advocate for smaller government, while critics point to the complexity of ballot access and state regulations. Traders should monitor any formal filings or leadership announcements for signs of renewed momentum at the intersection of crypto and politics.

Byron Gilliam explores how crypto investing increasingly balances fundamentals-driven and flows-driven strategies. Crypto investor Jon Charbonneau argues that assessing future cash flows (fundamental investing) contrasts with relying on market trading flows. Bitcoin’s straightforward flows thesis and Ethereum’s hybrid profile illustrate this divide. Charbonneau predicts a shift toward fundamentals as the industry matures, citing digital asset treasury (DAT) firms and decline in narrative trading. Luca Netz supports revenue-focused success over speculative valuations. The piece highlights profit for short-seller Jim Chanos as MicroStrategy (MSTR) shares fall, lowering mNAV to 1.34x, and compares Ethereum DAT products BTCS (0.65x NAV) and BMNR (1.35x NAV), and Japan’s Metaplanet trading at 1.95x NAV. Finally, trader-philosopher Agustin Lebron critiques prediction markets as zero-sum ecosystems that may distort outcomes. Overall, the article signals a broader shift in crypto investing toward fundamentals, challenges in flows-based strategies, and potential risks from prediction market distortions.

A large whale recently placed leveraged longs totaling $282 million in Ethereum on Hyperliquid, adding roughly $300 million of ETH at prices between $3,699 and $3,732. This aggressive on-chain bet underscores strong conviction that Ethereum’s recent pullback—where ETH dipped from highs near $4,800 to test support around $4,200—has found a floor. As Ethereum stabilizes above $4,200 after heavy volatility, technical indicators such as weekly moving averages point to a bullish structure. If Ethereum holds current support, traders anticipate a retest of the $4,800–$5,000 zone. Conversely, a drop below $4,000 could risk a deeper correction toward $3,600. Institutional interest in Ethereum continues to grow, with firms incorporating ETH into treasury strategies. This concentrated whale activity often sparks increased liquidity in derivatives markets and can act as a catalyst for renewed buying. In the coming days, Ethereum’s price action will hinge on whether bullish momentum can build around this on-chain signal to drive a fresh rally.

Shiba Inu has dropped 16% over the past month, trading at $0.0000125 amid an eight-month downtrend. However, Alphractal founder Joao Wedson points to on-chain data signaling an accumulation phase. The Realized Cap Impulse metric has turned positive, indicating fresh capital inflows. Over August 20–21, buy volume outpaced sell volume ($1.2 trillion vs. $1.1 trillion), and the funding rate for Futures returned to positive territory. Wedson’s Alpha Price model forecasts a potential 125% surge to $0.000028 if demand continues to recover. Yet, many holders face unrealized losses, weighing on market sentiment. Technical indicators remain bearish: the RSI stands at 44 and the DMI has fallen from 26 to 16. A failure to attract new buyers could push Shiba Inu down to $0.0000115, while renewed speculative interest may test resistance at $0.000015. Traders should watch on-chain accumulation signals and Futures funding rates. A sustained recovery in demand could trigger a bullish reversal, but near-term risks persist amid the prevailing downtrend.

Donald Trump’s high-stakes White House meeting with Ukrainian President Volodymyr Zelensky is fuelling concerns about crypto volatility. Following Trump’s remarks on NATO exclusion and Crimea at his Alaska summit with Putin, markets face renewed geopolitical uncertainty. Traders anticipate that a breakthrough peace framework could ease tensions, slowing capital inflows into Bitcoin and other hedges. Conversely, a failed negotiation may amplify global risk, sending investors back to decentralized assets. Amid this backdrop, Bitcoin and Ethereum remain key indicators, while altcoins are poised to react sharply. New projects like MAGACOIN FINANCE have captured attention during this period of crypto volatility, surpassing early fundraising targets and driving speculation ahead of a possible altseason. The combination of scarcity and rapid demand echoes past token rallies, suggesting MAGACOIN FINANCE could be a standout presale opportunity. In summary, the outcome of Trump-Zelensky talks will be a catalyst for crypto markets. Traders should monitor shifts in geopolitical uncertainty, Bitcoin and altcoin performance, and presale momentum to navigate the next phase of market volatility.

Ethena Labs reported that its Ethena protocol has generated over $500 million in cumulative revenue. In the past week, protocol revenue reached $13.4 million, while the circulating supply of its synthetic stablecoin USDe hit an all-time high of $11.7 billion. Strong inflows into USDe and favorable market conditions amplified returns via its delta-neutral hedging model. According to DefiLlama, USDe is now the third-largest stablecoin by market cap and leads synthetic stablecoins with an 86.6% monthly cap increase. Other synthetic stablecoins also gained: Sky Dollar (USDS) +14%, Falcon USD (USDf) +89.4%. Despite lower transaction costs, synthetic stablecoins carry depegging risks. The overall stablecoin market cap rose 4% in August to $277.8 billion, aided by US regulatory clarity from the GENIUS Act and Federal Reserve support. China may counter with yuan-backed stablecoins.

Tornado Cash co-creator Roman Storm was indicted in October 2023 by the DOJ for operating an unlicensed money transmitting business under the Bank Secrecy Act, carrying up to five years in prison. His indictment targeted the mixer’s failure to register Tornado Cash as a money services business. In a recent reversal, the DOJ announced it will not pursue prosecution on the money transmission count, citing legal ambiguities in applying the statute to decentralized protocols. Storm remains charged with money laundering under 18 U.S.C. §1956. This decision highlights evolving regulatory enforcement in the crypto sector and offers traders new clarity on compliance risks for Ethereum-based mixers.