Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin price has formed a higher low near $113,000, providing critical support for a potential recovery. Analysts note that reclaiming the $116,700 resistance could trigger renewed bullish momentum toward short-term targets at $119,600 and $124,400, with extended upside scenarios near $126,000–$130,000 if momentum persists. Derivatives data shows trading volume declined by 32.8% to $50.5 billion, while open interest rose 1.1% to $84.35 billion. Options volume fell 59.8% to $1.77 billion. Federal Reserve Chair Jerome Powell’s Jackson Hole speech sparked a near-4% rally in Bitcoin. This move liquidated roughly $379.9 million in short positions, according to Coinglass. Market strategist Michael van de Poppe highlighted the sudden uptrend. Technical analysis on the 4-hour chart indicates steady downward sequences interrupted by rebounds from approximately $112,666. Support at $113,000 remains key. A confirmed higher low and a break above $116,700 is needed to restore bullish market structure. Traders should watch the $116,700 level for confirmation. Rising open interest amid lower volume suggests positional buildup that may amplify future price swings. Bitcoin’s volatility remains elevated, underscoring the importance of risk management in crypto trading.

Wormhole has launched a $120M USDC bid to acquire Stargate Finance, outbidding LayerZero’s $110M ZRO token offer. This all-cash USDC bid removes conversion risk and vote delays, giving STG holders immediate liquidity and valuation certainty. Stargate’s governance will review the proposal and STG holders must vote. Wormhole has requested a pause on LayerZero’s community vote. After the announcement, STG rose 4.1% and Wormhole’s native token jumped 6.3%, reflecting positive trader sentiment. During evaluation, on-chain liquidity metrics and treasury balances will be reassessed. The USDC bid signals a shift in cross-chain DeFi M&A strategies towards stablecoin offers, streamlining valuations, reducing regulatory uncertainty, and accelerating governance. Traders should monitor the STG vote timeline, liquidity data, and price movements. A successful cash acquisition could reshape valuation models and market dynamics across the DeFi sector.

This week’s key Fed speeches and economic data will drive volatility across crypto markets. Starting Monday, Dallas Fed President Lorie Logan and New York Fed President John Williams outline interest rate outlooks. On Tuesday, FOMC member Michelle Bowman offers further policy clues. Mid-week, Richmond Fed’s Thomas Barkin speaks twice just before Wednesday’s China PBoC Loan Prime Rate decision and U.S. FOMC minutes are released. Thursday brings South Korea’s rate decision, U.S. Q2 GDP figures, weekly initial jobless claims, and a speech by Fed Governor Christopher Waller. Friday features the Jackson Hole Symposium, Fed Chair Jerome Powell’s keynote and July’s Core PCE Price Index – the Fed’s preferred inflation gauge. Crypto traders should monitor dollar strength, global liquidity and risk appetite signals for short-term price swings. Active risk management and well-placed stop-loss orders can help navigate volatility in crypto markets and uncover trading opportunities.

Traders are targeting five altcoins with clear catalysts for breakout rallies. BNB’s new all-time high and Bitpanda’s DeFi Wallet integration support a $581–$1,000 range. Cardano (ADA) remains set for $0.80–$1.25 in 2025 despite $945 million in ETF outflows, backed by smart contract upgrades. Stellar (XLM) jumped over 14% after the Ripple-SEC settlement and Visa-partner rumors, eyeing $0.40–$1.00. Pi Coin (PI) could reach $1.50–$2.00 on Ulu Ventures backing and a major hackathon prize pool. Emerging MAGACOIN FINANCE stands out with projected returns up to 5,000% next year, fueled by early institutional interest and a 50% bonus entry code. These altcoins combine technical setups, regulatory clarity and speculative momentum, offering traders diversified breakout opportunities.

Celebrity-backed YZY Coin launched on Solana reached a $3 billion market cap in just 40 minutes but plunged to about $1.05 billion after reports revealed insiders controlled 94% of the supply. This collapse has raised concerns about YZY Coin’s volatility and long-term sustainability. In contrast, analysts are bullish on MAGACOIN FINANCE as the best crypto to buy in 2025. The presale has already raised over $12.5 million, supported by audited contracts, a transparent tokenomics model and the PATRIOT50X code, which unlocks a 50% extra allocation. Experts say MAGACOIN FINANCE’s structured rollout and credibility make it a stronger altcoin play with high ROI potential ahead of the next bull cycle.

China’s State Council is reviewing plans to introduce yuan-backed stablecoins for faster cross-border settlements. The move aims to challenge dollar-pegged stablecoins like USDT and USDC in the $279 billion market. MetaMask has launched its first native stablecoin, MetaMask USD (mUSD), on Ethereum and Linea. Fully backed 1:1 by liquid dollar assets, mUSD integrates on-ramps, swaps and will power DeFi and payments via the MetaMask Card. Gemini filed for a Nasdaq IPO under ticker GEMI, reporting $142.2 million in 2024 revenue and holding $18 billion in assets despite a $158.5 million net loss. A YouGov survey sees payments and AI as the next drivers of crypto adoption. Stablecoins and on-chain payments could become mainstream within three to five years. The CFTC opened public comments on its “Crypto Sprint” phase two until Oct. 20, 2025, focusing on registration, custody and trading rules with SEC coordination.

Crypto VC fundraising has plummeted since the Terra (LUNA) and FTX crashes, sinking from $86 billion across 329 funds in 2022 to $11.2 billion in 2023, $7.95 billion in 2024 and just $3.7 billion so far in 2025. This sharp downturn highlights increased LP caution and intensifying competition for capital from ETFs and digital asset trusts. While small funds under $50 million and large institutions like Paradigm and a16z may endure, mid-sized crypto funds face a “hollowing out” risk as LPs impose stricter selection criteria. The shrinking crypto VC fundraising environment signals potential liquidity constraints and slower project financing, posing bearish implications for trading activity and overall market stability.

Bitwise’s latest analysis reveals that stablecoins held just under $200 billion in US Treasuries as of March 31, ranking them 17th among global debt holders. This significant allocation underlines stablecoins’ growing dependence on US government bonds for reserves. Crypto traders should note the potential impact on US Treasury yield curves and market liquidity. Changes in stablecoin reserve strategies can influence treasury demand and repo rates. Monitoring Bitwise’s data can help inform trading decisions and risk management, as shifts in stablecoin flows may signal wider market trends.

An unknown hacker sold 5,001 ETH four days after purchasing it. On August 21, the hacker acquired 5,001 ETH for 21.76 million DAI at about $4,352 per ETH. Four hours ago, the same 5,001 ETH was exchanged back into 23.8 million DAI at around $4,760 per ETH. The trade generated a profit of $2.04 million. On-chain analyst Yu Jin flagged the transaction. The hacker’s remaining assets include 36.54 million DAI and 9.59 million SUSD tokens, totaling roughly $46.13 million. This ETH sale represents a swift profit-taking strategy in the current market environment. Traders should note the high-speed arbitrage window and monitor large ETH movements for potential market signals.

CME Bitcoin futures on the Chicago Mercantile Exchange opened at $113,450, marking a $3,785 gap down from Friday’s close of $117,235. Such a large gap reflects considerable weekend volatility in the underlying Bitcoin spot market, driven by global trading outside CME hours. Institutional activity and shifts in liquidity also contributed to this abrupt move. Gap down events occur when price action in the 24/7 Bitcoin market triggers significant overnight changes. For traders, that can mean heightened volatility, potential stop-loss slippage, and rapid swings as the market seeks to fill the gap. Some use gap-fill strategies, betting on a return to the previous close, while others interpret a gap down as confirmation of bearish sentiment. The CFTC-regulated CME Bitcoin futures provide institutional-grade exposure to Bitcoin price movements without owning the asset. However, traders must watch for increased risk and plan entries carefully. Effective risk management, including adjusted stop-loss placement and diversified positions, is key when volatility spikes. This $3,785 gap down underscores the need for continuous monitoring of global market events and cautious position sizing. Understanding CME Bitcoin futures mechanics helps traders navigate sudden shifts and exploit trading opportunities amid volatility.

Cryptocurrency investors are shifting attention to altcoins in 2025 as institutional funds seek higher yields. Emerging project MAGACOIN FINANCE, now in its aggressive presale phase, is promising a 45x ROI and offering a 50% bonus code PATRIOT50X, making it the fastest-growing altcoins narrative. Established platforms such as Solana (SOL), Avalanche (AVAX), Ripple (XRP) and Toncoin (TON) also feature strong fundamentals: Solana’s record 107,000 TPS and ‘Alpenglow’ update, Avalanche’s flexible subnet architecture and $14 bn market cap, Ripple’s renewed regulatory clarity and $30 bn liquidity, and Toncoin’s Telegram integration with $6 bn capitalization. These altcoins present diverse use cases in DeFi, cross-border payments and social media, offering traders entry points before the next rally. With MAGACOIN FINANCE driving discussion, investors should monitor liquidity inflows and developer roadmaps to align with market momentum.

Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1 million driven by fear of missing out (FOMO), the launch of spot Bitcoin ETFs and supportive government action. He highlights rising institutional interest following SEC approval of Bitcoin ETFs, which has already directed billions of dollars into the market. Armstrong expects FOMO to spur further retail adoption as traders rush to avoid missing gains. He also cites potential catalysts from government-backed digital currency initiatives and clearer crypto regulations. This bullish outlook suggests traders may see short-term price spikes around key regulatory events and sustained long-term growth as Bitcoin adoption expands globally.

Bitcoin Dominance (BTC.D) fell by 2.52% in the past week, dropping to 57.9%. This metric highlights the share of Bitcoin in the overall crypto market. At the same time, the total cryptocurrency market cap slipped by 1.05%. Altcoin market cap excluding Bitcoin (TOTAL2) climbed 2.64%. Market cap excluding both Bitcoin and Ethereum (TOTAL3) rose 0.59%, underlining broad altcoin market cap gains. These figures show stronger performance among alternative tokens. Bitcoin Dominance metrics are widely used to track capital rotation and market breadth. Institutional interest in Ethereum also rose. Ethereum spot ETF holdings surpassed $30 billion. The divergence between Bitcoin Dominance and altcoin gains may prompt traders to rebalance portfolios. Investors should watch these metrics for trading signals.

An Ethereum whale executed two major profit-taking moves after long-term holding periods. First, on-chain analysis by @EmberCN revealed the whale sold 3,280 ETH—initially bought in early 2017 at about $13—for a net gain of $14.43 million. Then, the same or associated whale (address 0xf3c) deposited 1,962 ETH to OKX, ending an 11-year hold and realizing roughly $4.7 million in profit on a $9.38 million transfer. These large transfers underscore how on-chain analytics platforms like EmberCN and Onchain Lens help track whale movements and market dynamics. While exchange deposits often signal potential selling pressure, they can also reflect confidence in market stability. At publication, ETH trades near $4,795, up 0.26% over 24 hours. Traders should monitor such Ethereum whale activity for early insights into liquidity shifts and trader sentiment.

This week’s token unlock schedule features over $170 million in token releases across nine projects. Gate.io’s GT token leads with a $116 million unlock (6.67 million GT, 5.42% of circulating supply) at 00:00 UTC on August 26. Other notable unlocks include VENOM (56.9 million tokens, $8.42 million, 2.71%), ORDER (50.13 million, $8.51 million, 17.74%), SAHARA (89.73 million, $7.77 million, 4.40%), HUMA (536.13 million, $14.19 million, 30.93%), SOPH (294.63 million, $9.78 million, 14.73%), KMNO (229.16 million, $14.02 million, 8.73%), OP (32.21 million, $24.97 million, 1.84%) and ALT (240.54 million, $8.63 million, 6.02%). This token unlock schedule increases circulating supply and may trigger selling pressure and heightened market volatility. Traders should monitor liquidity, adjust for local time, review past unlock impacts, and use stop-loss orders or dip-entry strategies to manage risk. Reliable unlock data is available via DropsTab.

The US stock market is highly concentrated in a handful of tech giants. Nvidia, Microsoft, Meta, Broadcom and Palantir dominate S&P 500 returns. Nvidia’s market cap has surpassed $4 trillion, accounting for about 8% of the index and contributing 26.2% of its gains this year. Combined information technology and communication services stocks generated nearly 70% of the S&P 500’s total return. Despite robust profits, extreme market concentration poses significant risks. Underperformance by Nvidia or policy shifts such as tariffs and rate hikes could trigger sharp volatility. Some names carry sky-high valuations, for example Palantir’s P/E ratio exceeds 570×. Investors are advised to mitigate concentration risk through global asset allocation and diversified portfolios of stocks and bonds.

On August 25, Onchain Lens data showed that a crypto whale sold 2.038 million AERO tokens at an average price of $1.42 per token. The whale’s sale brought in $2.89 million, netting a profit of $1.04 million. Following this major AERO sale, trading volume and price volatility in the AERO market spiked. This whale profit highlights the impact of large token movements on market dynamics. Traders should watch on-chain data and whale activity for early signals of price swings. Monitoring AERO whale sales can help forecast short-term volatility and inform strategic trading decisions.

Bitcoin has struggled to maintain momentum after failing to break above the 50-day EMA on weakening volume, signaling a potential bearish trend unless it regains $116,000. Shiba Inu’s volatility has collapsed to near zero, trading within a symmetrical triangle on declining volume and suggesting a prolonged sideways phase unless it clears $0.0000135 and $0.0000141. XRP delivered an unexpected rebound above its 50-day EMA but lacked volume and failed to confirm a breakout above its 26-day EMA, raising doubts about the sustainability of this move. Traders should watch key levels: $111K support and $116K resistance for Bitcoin, $0.0000135 and $0.0000141 for Shiba Inu, and $3.05 and $3.20–3.30 for XRP. Overall, mixed technical signals across Bitcoin, Shiba Inu and XRP point to a neutral short-term outlook.

SharpLink Gaming has authorised a discretionary $1.5 billion Nasdaq stock buyback programme, known as the SharpLink buyback, leveraging its 740,760 ETH treasury when shares trade below Ethereum-derived NAV. The SharpLink buyback aims to boost ETH per fully diluted share, tighten float and enhance shareholder value with less dilutive capital allocation. Shares gained over 15% on the announcement. Management retains flexibility on timing, size and suspension. Analysts say this sets a precedent for crypto firms’ treasury policies and could attract regulatory scrutiny of digital asset strategies. Traders should monitor mNAV fluctuations, Ethereum price movements and management execution for buyback triggers that may reinforce market stability and signal bullish momentum for ETH.

Ethereum’s price surge saw ETH climb past $4,900 for the first time, driven by shrinking exchange reserves and robust dip-buying activity. The Ethereum price surge is supported by investors withdrawing tokens for staking and DeFi protocols, reducing supply on exchanges and fuelling upward momentum. In contrast, Bitcoin’s rally shows signs of slowing, prompting reallocations toward ETH. Ongoing network upgrades—such as the Dencun patch and future sharding—and Layer 2 solutions promise improved scalability and lower fees, bolstering confidence. Ethereum’s broad ecosystem, spanning DeFi, NFTs and dApps, continues to drive demand despite regulatory uncertainties. Traders should monitor on-chain metrics like exchange reserves, staking rates and upgrade progress to gauge future moves. This surge underscores strong fundamentals and growing belief in ETH’s long-term growth potential.

Bitcoin’s bull run appears to be on hold following its failure to sustain a move above the 50-day exponential moving average (EMA). Trading volume has declined steadily, indicating weakened buying pressure rather than a clear trend reversal. Key support now lies at the 100-day EMA near $111,000, while a break above $116,000 is needed to restore bullish momentum. Shiba Inu (SHIB) is trading in a tightening range with very low volatility, suggesting an extended consolidation phase. Watch for sustained closes above $0.0000135 and $0.0000141 with rising volume to confirm any breakout. XRP posted a tentative recovery above its 50-day EMA but lacked volume confirmation and faces resistance at $3.05–$3.20. Failure to hold these levels could prompt a retest of the 100-day EMA around $2.75. Traders should monitor EMAs, volume trends and the $116,000 threshold for Bitcoin, and look for strong volume before committing to SHIB or XRP positions.

An on-chain analyst reported a major Bitcoin liquidation when a long position was forcibly closed at $109,892, realizing a $12.49 million loss. This Bitcoin liquidation wave triggered roughly $628 million in BTC liquidations across exchanges, eliminating over 130,000 leveraged positions within 24 hours. The sharp sell-off highlights growing market volatility and risks of concentrated leveraged exposure. While some analysts speculate about dormant ETH-to-BTC whale transfers fueling the move, there is no conclusive on-chain evidence. Traders should reassess leverage strategies amid heightened volatility and closely monitor liquidation cascades.

Fed Chair Jerome Powell’s dovish remarks at Jackson Hole reignited hopes for a September rate cut, fueling a crypto rally led by Ethereum. ETH surged toward $4,834—its all-time peak—while Bitcoin held around $117,000 and Chainlink reached $27.11, marking its year-to-date high. Social sentiment on “Fed rate cut” chatter hit an 11-month high, driving buy-the-rumor momentum. On-chain data offers mixed signals: BTC network activity and transaction volume have cooled even as exchange balances for both BTC and ETH rise, signaling potential short-term selling pressure. At the same time, metrics like falling ETH exchange reserves and an increasing mean dollar-invested age point to long-term holder accumulation and room for further upside. Traders should watch exchange balances, active addresses, futures funding rates and regulatory developments. Balanced risk management is essential as markets price evolving Fed expectations.

Telegram founder Pavel Durov has denounced a criminal probe by French authorities as “legally and logically absurd,” challenging charges that Telegram enabled organized crime and criticizing improper data requests. Although granted permission to travel to Dubai, Durov remains bound to return to France every 14 days with no appeal date set, arguing that the case damages France’s image as a free country. The dispute underscores ongoing tensions over platform liability and content moderation. Telegram maintains it complies with all legitimate legal requests and performs daily removal of harmful content in line with industry standards. Meanwhile, Telegram’s native token, Toncoin (TON), has fallen 6.4% over the past week to $3.30—down 60% from its all-time high—highlighting market sensitivity to legal uncertainty. Toncoin powers peer-to-peer payments, staking, DeFi, NFT marketplaces and decentralized storage on the Telegram Open Network, which boasts nearly one billion monthly active users. Traders will be watching whether the legal battle affects Telegram’s operations or Toncoin’s adoption and price volatility.

Ethereum all-time high: ETH price soared above $4,800 early in the day, first hitting $4,887.5 before peaking at a new record high of $4,957.98 on OKX. After the rally, ETH price pulled back to around $4,777.79, closing the session with minimal change. This surge reflects growing institutional interest, bullish market sentiment ahead of key network upgrades and macroeconomic events, and rising demand for DeFi and smart contracts. Key support is now near $4,700, with resistance around $5,000. Traders should monitor on-chain metrics, trading volumes, and liquidity, and use cautious position sizing to navigate potential pullbacks while capturing bullish momentum. This Ethereum all-time high underscores the token’s long-term growth potential.

Several analysts signal a bullish outlook for Ethereum after its price surged beyond $4,900, setting a new all-time high. Crypto Rover highlights that exchange reserves are depleting at record rates, indicating growing demand and sustained upward pressure on Ethereum price. Miles Deutsher notes that Bitcoin’s rally has stalled near recent highs, while Ethereum has entered a fresh price discovery phase. Persistent buy-the-dip activity suggests traders are rotating capital into stronger assets when Bitcoin shows weakness. This rotation, coupled with shrinking exchange reserves, underpins expectations that Ethereum will outpace Bitcoin in the near term.

According to CME’s FedWatch tool, the probability of a 25bp rate cut by the US Federal Reserve at its September meeting stands at 84.1%, while the chance of holding rates steady is 15.9%. For October, the probability of a cumulative 25bp cut is 48.4%, a 50bp cut is 44.1%, and only 7.6% for no change. This elevated rate cut probability may boost risk assets by easing monetary policy expectations and could be bullish for the cryptocurrency market.

Only 37% of Americans trust Fed Chair Jerome Powell to manage the economy, marking near record-low Fed confidence. Gallup data shows Powell’s approval rating has fallen from 58% in 2020 to its second-worst level in two decades, matching a low not seen since Janet Yellen’s term in 2014. At the Jackson Hole symposium, Powell hinted at upcoming interest rate cuts to support a cooling labor market, igniting market volatility: the dollar weakened, bonds rallied and stocks rebounded. Political pressure on the Federal Reserve has intensified. Former President Trump publicly attacked board member Lisa Cook and installed allies like Stephen Miran, raising concerns over central bank independence. Bond markets are flashing warning signs, with long-term Treasurys underperforming short-term debt, suggesting investors expect politically driven rate cuts rather than data-driven policy. This erosion of Fed confidence and looming rate cuts could fuel risk-asset appetite, but increased uncertainty may also trigger volatility. Traders should monitor inflation data and job reports closely to gauge the timing and impact of Fed moves on market stability and crypto trading opportunities.

The Sui blockchain has reached a major DeFi landmark, with cumulative Sui DEX volume surpassing $130 billion. Reported by Marc Shawn Brown of Cointelegraph, this surge in decentralized exchange activity reflects rapid user adoption and robust ecosystem health. Key drivers include Sui’s low transaction fees, high throughput enabled by its object-centric model and parallel execution, and a growing roster of innovative DeFi protocols. High Sui DEX volume boosts liquidity depth, reduces slippage on large trades and underscores the network’s capacity for high-frequency transactions. It also attracts developers to build new decentralized applications, further expanding Sui’s utility. Looking ahead, the platform aims to broaden its DeFi offerings—lending, borrowing, stablecoins—and to enhance user experience, security and institutional compliance solutions. While the $130 billion milestone demonstrates strong momentum, Sui must navigate regulatory shifts and maintain network security to sustain growth. Traders and developers will be watching how the network capitalizes on its technical strengths and addresses emerging challenges in the evolving DeFi landscape.