Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Jarsy, backed by Breyer Capital and Karman VC, has launched a compliant blockchain platform to tokenize Pre-IPO equity in leading tech companies such as SpaceX, xAI, Anthropic and Stripe. The platform has already facilitated millions of dollars in USDC-based transactions under clear SEC Reg D and Reg S frameworks, partnering with top law firms like Wilson Sonsini and Paul Hastings. Co-founded by ex-Facebook, Uber and Square executives, Jarsy positions itself as a bridge between institutional investors and a new generation of retail investors aged 25–40. Users complete on-chain identity verification (KYC/AML) to access legitimate tokenized shares. Jarsy’s roadmap includes expanding its asset pool and preparing for anticipated US regulatory clarity on tokenization, including refined SEC/CFTC roles and on-chain compliance channels. With a global market of over $10 trillion in private assets—$3–4 trillion of which is Pre-IPO—Jarsy aims to democratize access to high-growth private equity. By embedding compliance modules into smart contracts and ensuring full token-asset traceability, Jarsy believes blockchain is essential for creating open, liquid, and verifiable alternative asset markets.

Bitcoin surged to a new all-time high of $124,000 Wednesday evening, surpassing last month’s $123,000 record. The rally lifted BTC above Alphabet and Amazon by market capitalization, reclaiming the fifth-largest asset spot. Data from TradingView shows Bitcoin has gained 7% in the past week. Gains are fueled by expectations of a September Fed rate cut amid weaker-than-expected US job growth and inflation aligning with forecasts. Institutional interest remains strong, with US Treasury Secretary Scott Bessent calling for a 50-basis-point cut. Ethereum also experienced a rally, trading around $4,700—just 3% below its November 2021 peak. On the altcoin front, OKX’s OKB led daily gains with a 134% jump. Other exchange tokens, including Bitget’s BGB, Gate’s GT, and KuCoin’s KCS, plus Ethereum layer-2 coins Optimism (OP) and Arbitrum (ARB), posted significant increases. This broad market surge underscores renewed investor confidence and highlights the crypto market’s sensitivity to monetary policy shifts.

DeFi protocols are evolving from the “Renaissance” phase into a complex “Baroque” era. Leading platforms like AAVE and Hyperliquid are enhancing capital efficiency through on-chain order-book integration and novel derivatives via HyperEVM and CoreWriter, paving the way for $1 trillion TVL. In the PoW sector, Layer1 project Qubic mounted an economic 51% attack on Monero (XMR) by offering dual mining rewards, forcing the community to shift hash power to trusted pools within 72 hours. Vitalik Buterin outlines Ethereum’s next decade, emphasizing the transition from a “world computer” to a “world ledger,” inclusive growth, privacy integration, L1–L2 balance, and zero-knowledge proofs. Circle’s Arc chain leverages USDC for gas with EIP-1559-style fees, Tendermint BFT consensus for sub-second finality, optional privacy modules, and regulatory-friendly selective disclosure. Pendle’s new Boros protocol tokenizes perpetual funding rates as Yield Units, enabling protocols like Ethena to hedge funding fee volatility. These developments highlight DeFi’s maturation into a highly composable ecosystem.

Norway’s sovereign wealth fund has raised its indirect Bitcoin exposure by 192% year-on-year. The fund now holds 7,161 BTC through stakes in Strategy, Metaplanet and Coinbase. Its position in Strategy climbed 133% to NOK 11.9 billion, while Coinbase holdings grew 96% since 2024. Under regulatory limits on direct crypto acquisitions, the sovereign wealth fund uses crypto proxies such as ETFs and corporate bonds to gain Bitcoin exposure. Similar institutional moves include Wisconsin’s pension board doubling its Bitcoin ETF position to $321 million and Kazakhstan planning to convert reserves into crypto. This rising institutional adoption of Bitcoin via proxy channels could enhance market liquidity. It may support bullish momentum in the short term and strengthen long-term price stability, presenting new considerations for crypto traders.

Metaplanet shares surged 190% year-to-date in 2025, far outpacing the TOPIX Core30’s 7.2% gain, driven by its aggressive Bitcoin treasury strategy. The Tokyo-listed firm, rebranded in late 2024 to focus on Bitcoin accumulation, has spent over $100 million on BTC this August alone, including $53.7 million for 463 BTC on August 4 and another $61.4 million shortly after. Its shareholder base has swelled by 350% to over 180,000 investors. Metaplanet plans to raise $3.7 billion through an equity offering to acquire 210,000 BTC—1% of circulating Bitcoin supply—by 2027. As the only Japanese public company offering regulated Bitcoin exposure, its performance has outpaced major Core30 members such as Mitsubishi, Nintendo and SoftBank. This bold accumulation underscores investor confidence and may reshape market dynamics for corporate crypto treasuries.

South Korean exchange Bithumb will temporarily suspend NEAR token deposits and withdrawals from 03:00 UTC on August 18 to support a critical NEAR Protocol network upgrade. This maintenance window is designed to enhance security, performance, and introduce new protocol features. Traders should complete any NEAR transactions before the deadline and monitor Bithumb’s official channels for service resumption updates. While the halt may reduce short-term liquidity on Bithumb, it follows industry best practices for major blockchain upgrades and aims to safeguard user assets. Once the update is fully tested, Bithumb will restore normal NEAR services, ensuring a more stable trading environment.

The recent Radiant Capital exploit highlights persistent security risks in DeFi. Following a $53 million breach, the attacker converted 4,326 ETH (about $20.48 million) into DAI stablecoin, according to on-chain analysis. After this swap, the hacker still holds 12,326 ETH and $43.93 million in DAI, totaling roughly $102 million in illicit funds. On-chain analysis tools and blockchain explorers make every transaction transparent, helping track stolen assets from initial theft to subsequent conversions. However, these methods don’t prevent hacks—they only reveal hacker strategies, such as swapping volatile crypto for stablecoins to obscure the trail. This exploit underscores the need for stronger DeFi security: rigorous smart contract audits, bug bounty programs and continuous vulnerability testing. Key risks include smart contract flaws, flash loan attacks and oracle manipulation. Traders should stay vigilant by choosing audited protocols and diversifying holdings. While the DeFi ecosystem evolves, collective efforts from developers, security researchers and users remain crucial to restoring trust and enhancing digital asset protection.

JasmyCoin (JASMY) extended its recent surge after a 27% weekly gain, adding another 12% amid broader memecoin sector growth. Derivatives markets turned bullish as the OI-weighted funding rate flipped positive at 0.0143%, while open interest inflows jumped $6.47 million (14%) in 24 hours, signaling strong trader confidence. Memecoins recorded a 12% seven-day rally, reinforcing JASMY’s momentum, and community sentiment stands at 87%. However, spot exchange data revealed $2.3 million in net JASMY sales over 72 hours, indicating some profit‐taking. Persistent spot selling could pressure overleveraged long positions and test the rally’s resilience. Traders should watch for a shift back to net inflows to confirm renewed upside potential.

Solana is trading around $215 after breaking the $200 resistance this month, driven by whale accumulation, high on-chain activity and institutional adoption. Analysts now eye $220–230 as the next near-term hurdle and a breakout target of $250. DeFi Development Corporation’s $250 million SOL treasury underscores growing institutional confidence. Ethereum has held above $4,600 following record ETF inflows, with BlackRock and Fidelity ETFs attracting over $1.01 billion in a single day. Call option bets on a $5,000 ETH price level exceed $5 million, while firms like BitMine and SharpLink continue ETH accumulation. Chainlink surged 15% to above $24 amid significant whale buying and a new partnership with Intercontinental Exchange for on-chain real-time FX and commodity pricing. LINK balances on exchanges have fallen nearly 10%, signaling reduced selling pressure. These dynamics point to a bullish outlook across key altcoins as traders set their sights on Solana’s $250 breakout, Ethereum ETF momentum and Chainlink integration gains.

Bain Capital Ventures has transferred 349,000 COMP tokens (around $18.85 million) from its institutional wallet to a trading platform, with 87,250 COMP already deposited on Binance, OKX, Bybit and Gate.io. This large COMP token sale by a major investor could flood exchange order books and trigger short-term selling pressure. Institutional sales often reflect informed market views and may signal a shift in sentiment, so traders should monitor COMP trading volume and price action closely. COMP is the governance token of the Compound DeFi lending protocol, granting holders voting rights on proposals. While the sale may increase volatility and put downward pressure on COMP token prices in the near term, Compound’s long-term outlook depends on its fundamentals and community support.

Nasdaq-listed miner Greenidge Generation Holdings reported the production of 110 BTC in Q2, underlining its strong operational efficiency in bitcoin mining. The company’s press release detailed output but did not disclose BTC sales or treasury holdings, leaving market observers to speculate on its treasury management strategy. Amid rising mining difficulty, energy costs and bitcoin price volatility, Greenidge’s consistent production highlights a resilient infrastructure and optimized hardware utilization. The firm’s status as a power generator at some sites provides a competitive edge on energy costs. Looking ahead, Greenidge’s long-term success will depend on hardware upgrades, energy procurement strategies and transparent treasury planning. This Q2 report reinforces Greenidge’s position as a notable public cryptocurrency miner, contributing to network security while generating potential revenue streams.

Hester Peirce, known as “Crypto Mom,” said the U.S. Securities and Exchange Commission (SEC) will issue crypto guidance under its existing authority instead of waiting for Congress to pass new laws. Since January, SEC staff have been clarifying how current securities laws apply to tokens, on-chain trading, custody services, and exchanges. This initiative is part of Project Crypto, launched by former Chair Paul Atkins to modernize regulatory rules for digital assets. Peirce noted that SEC teams are meeting with industry stakeholders to develop practical administrative guidance and avoid conflicting interpretations. A draft Senate bill on crypto jurisdiction has drawn pushback—Ripple and others worry it could extend SEC reach. Peirce stressed readiness to collaborate with both the Senate and House and highlighted ongoing coordination with the Commodity Futures Trading Commission (CFTC) to delineate agency roles. Crypto firms should map their products to existing securities tests and prepare documentation for potential staff inquiries. While crypto guidance from the SEC could speed clarity for token issuers and trading platforms, enforcement powers remain active. This two-track approach—administrative guidance and possible legislation—offers earlier insight but leaves enforcement risk and the final SEC-CFTC power split unresolved.

Bitcoin price has climbed nearly 6% over the past week, testing the $119,000–$120,000 resistance zone on Binance. Futures leverage, measured by open interest on Binance, has surged to $13.7 billion, approaching mid-July highs. This simultaneous rise in Bitcoin price and futures leverage indicates new speculative liquidity as traders take long positions. If open interest grows faster than price, the rally may become overleveraged and risk a long squeeze. Conversely, a breakout above $120,000 with stable or declining open interest would suggest spot buying or short-covering support, potentially targeting $122,000–$124,000. Traders should monitor open interest trends for confirmation. A rise in open interest without corresponding price gains, or with price drops, could signal excessive leverage and trigger liquidation-driven declines. Overall, the short-term outlook remains bullish, but sustainability depends on leverage stabilizing as Bitcoin price tests key resistance.

Bitcoin surged to a record $124,500 on August 14, extending its rally amid growing institutional demand. Bitcoin climbed 3.5% in 24 hours, trading around $123,760 at the time of writing, according to OKX data. The total cryptocurrency market cap also broke above $4.25 trillion, marking a new all-time high. Ethereum followed closely, briefly touching $4,784—just $87 shy of its $4,871 peak. If Bitcoin maintains its gains, Ethereum could soon test fresh highs, reinforcing bullish momentum across the crypto market.

Google Trends shows altcoin searches at two-year highs. Over 31 spot altcoin ETF applications hit US regulators in H1 2025, led by SUI ETF proposals from Canary Capital and 21Shares. Bloomberg Intelligence puts approval odds at 95% for SOL, XRP and LTC ETFs, and 90% for DOGE, ADA, DOT, HBAR and AVAX. Corporate treasuries are diversifying beyond Bitcoin. Metaplanet, BitMine and SharpLink hold billions in ETH, staking for yield. Upexi and DeFi Development Corp. each stake over 1 million SOL. Chainlink’s new Reserve mechanism converts fees into LINK. Price action underscores this momentum: ETH is up 30% over a week and 78% YTD, while XRP, SOL, SUI and LINK have risen 10–43%. Traders should watch altcoin ETF approval odds and institutional treasury allocations for impacts on liquidity and market direction.

Nasdaq-listed Abits Group reported a robust first half of 2025 for its Bitcoin mining operations, producing 40.27 BTC and selling 27.15 BTC. The company’s operational efficiency, amid rising energy costs and hardware challenges, demonstrates its effective digital asset strategy. By offloading approximately 67% of mined Bitcoin, Abits Group maintains liquidity for expenses and strategic investments while retaining 13.12 BTC to leverage potential price appreciation. The transparent disclosure underscores improving corporate reporting standards in the crypto sector, bolstering market confidence. This balance of mining output and asset management offers insights into broader crypto market trends, highlighting how miners adapt to Bitcoin’s halving events and volatility. For traders, Abits Group’s performance signals operational stability and strategic flexibility, suggesting a resilient production landscape that could influence Bitcoin’s supply dynamics and miner profitability.

Galaxy Digital made a $125 million USDC deposit on the Hyperliquid platform over two days to fuel its DeFi trading strategy. The USDC deposit funded spot purchases of ETH, HYPE, BTC, PUMP and FARTCOIN, while hedging with shorts in BTC, ETH, DOGE, PUMP and FARTCOIN. As a liquidity provider, Galaxy Digital gains reduced slippage and deeper market depth, reflecting growing institutional adoption of DeFi protocols and arbitrage potential. Traders should watch for similar USDC deposits, as they often trigger volume spikes, increased volatility and trend shifts in crypto markets.

The attacker behind the $53 million Radiant Capital exploit has sold 2,496 stolen ETH for $11.83 million in DAI, according to Onchain Lens. The sale occurred about 30 minutes after the initial breach, converting ETH at roughly $4,741 each. The original hack used a flash loan attack and price oracle manipulation to drain funds from the cross-chain lending protocol. While the perpetrator’s identity remains unconfirmed, on-chain intelligence points to a North Korea–linked cybercrime group. The incident highlights ongoing risks in decentralized finance and underscores the need for stronger DeFi security measures. Key defenses include rigorous smart contract audits, decentralized oracle networks, multi-signature wallets, and active community vigilance. Large-scale sales of stolen ETH continue to erode user trust, trigger market volatility, and raise questions about asset safety. As DeFi expands, protocols and traders must adopt robust protections to prevent similar exploits.

Standard Chartered’s latest research predicts the Ethereum price could reach $25,000 by late 2028 on robust network upgrades and an eightfold stablecoin market expansion. Key drivers include the shift to proof-of-stake, the EIP-1559 fee-burn mechanism reducing net supply, and upcoming layer-2 scaling solutions. The report underscores that growing the stablecoin cap from $150 billion to over $1 trillion—led by USDT and USDC—will fuel DeFi activity, elevate ETH as the primary settlement layer, and increase on-chain transactions, network fees and staking yields. Additional catalysts include growing institutional adoption, broader DeFi and NFT market growth, and potential regulatory clarity. While short-term volatility may persist amid macroeconomic headwinds, the long-term Ethereum price prediction remains bullish on sustained stablecoin-driven capital inflows and ongoing blockchain infrastructure evolution.

Bithumb has announced a temporary Bithumb BERA suspension for deposits and withdrawals of the BERA token beginning at 09:00 UTC on August 27. The suspension supports a major Berachain upgrade aimed at improving network performance, security, and functionality. Users are advised to complete all BERA deposits and withdrawals on the exchange before the deadline to avoid transaction failures or potential fund losses. Service will resume once the Berachain upgrade is successfully implemented and the network is stable. Traders should monitor official Bithumb and Berachain channels for updates on the suspension lift and prepare accordingly.

Momentum is building for an XRP ETF approval after Ripple’s legal victory over the SEC. Canary Capital CEO Steven McClurg forecasts U.S. regulators may greenlight the ETF in 2025 based on new listing standards at NASDAQ, NYSE and CBOE. He predicts $5 billion of institutional inflows in the first month, potentially driving XRP prices over $5.50. Conservative models using 10x–15x multipliers also suggest a rise above $4. Under Dom’s aggressive 272x multiplier, XRP could surge to $26. Meanwhile, new projects like MAGACOIN FINANCE—with tax-free ERC-20 tokenomics and major exchange listings expected—are touted by crypto traders as key buys ahead of the next bull run. Traders should watch institutional inflows, retail demand and ETF approval timelines to gauge XRP’s medium-term trajectory in the crypto market.

American Bitcoin Corp (ABTC), majority-owned by Hut 8, announced a recent purchase of 1,726 Bitcoin, boosting its total Bitcoin holdings to 2,130 BTC as of August 6. The acquisition, executed between July 1 and August 6 at an average price of $119,120 per BTC, reflects a strategic move in the crypto mining sector to strengthen balance sheets and embrace a long-term HODL strategy. This increase signals rising institutional investment in digital assets and highlights Bitcoin’s evolving role as a store of value. By holding mined coins, ABTC and peers may reduce selling pressure and support market stability. The trend underscores growing confidence among corporations in Bitcoin and suggests potential shifts in market dynamics, as miners prioritize accumulation over immediate sales. Traders should watch for reduced supply from mining companies and consider the impact on price volatility and liquidity.

An anonymous ETH whale repurchase has drawn significant attention after the trader bought back 10,730 ETH (≈$50.6M) at an average price of $4,715. This move reverses last week’s sale of 10,256 ETH (≈$39.3M) at $3,835, highlighting a swift change in strategy. According to on-chain analysis by @EmberCN, the ETH whale repurchase underscores strong demand and bullish conviction in Ethereum. Large-scale transactions like this can shape market sentiment and price momentum, creating ripples across exchanges. Traders should note the inherent volatility, the whale’s confidence in Ethereum’s future, and use on-chain data alongside broader technical and fundamental research to inform their decisions.

South Korea has shelved its central bank digital currency (CBDC) pilot in favor of private-sector alternatives. Banks and fintech firms like KakaoBank and Upbit are exploring Won stablecoin issuance. However, strict onshore trading rules mean any Won stablecoin must operate within domestic, KYC-approved addresses. This preserves the Bank of Korea’s oversight of currency flows. Domestic payments in Korea already settle instantly, free, and round-the-clock, leaving little room for a Won stablecoin to improve speed or cost. The primary benefit would be cross-border settlement, yet the onshore-only regulation blocks offshore use. Taiwan faces a similar dilemma with its NTD stablecoin framework. In contrast, a Hong Kong Dollar stablecoin could freely circulate abroad. As a result, a KRW stablecoin will likely remain a niche product for domestic use, with limited impact on the global crypto market.

Ethereum Foundation (EF) joint executive director Hsiao-Wei Wang has clarified via Twitter that the 2,794.87 ETH sale executed yesterday over a two-hour period did not originate from any addresses controlled by the Ethereum Foundation. The EF pointed out that its residual holdings, representing less than 0.3% of ETH’s total supply from the 2014 ICO, are dispersed across numerous legacy addresses, which can lead to misattribution in blockchain monitoring. This statement aims to dispel market uncertainty about a potential Foundation-driven sell-off, maintaining positive trading sentiment for ETH. Crypto traders should note that this high-volume ETH sale was independent of the Ethereum Foundation’s operations.

On October 1–2 at TOKEN2049 in Singapore, OKX CEO Star will present his blueprint to drive the crypto industry toward a one-billion-user milestone. As a leading global blockchain and crypto summit, TOKEN2049 gathers industry leaders, developers and innovators. OKX CEO Star will outline strategies for scaling user adoption across blockchain infrastructure, DeFi protocols and global partnerships. Traders should watch for user-growth metrics, ecosystem partnerships and any technical roadmap details, as these could influence sentiment around exchange tokens and infrastructure projects.

Bitcoin surged past a new all-time high of $123,000 following the US market close, driven by strong institutional demand. Ethereum also climbed above $4,700 as major funds increased positions. This rally extended to crypto-linked equities when Bullish (NYSE: BLSH) debuted on the NYSE, with its share price jumping 143%. The IPO priced at $37 per share—well above the expected $32–33 range—raised $1.11 billion and valued the exchange at $5.41 billion. Oversubscription topped 20 times. Analysts say companies are leveraging token reserves to boost equity valuations, fueling both crypto and crypto-stock rallies. Traders should monitor upcoming US Producer Price Index and unemployment data for potential volatility ahead of the Fed’s September rate decision.

SOLOWIN Holdings and Antalpha have announced the launch of a $100 million Bitcoin quantitative fund. The fund employs advanced algorithmic trading strategies to manage BTC positions based on real-time market data. This Bitcoin quantitative fund combines SOLOWIN’s traditional finance expertise with Antalpha’s crypto analytics to optimize returns and mitigate risk. Targeting institutional and high-net-worth investors, the fund seeks to enhance liquidity and credibility in the Bitcoin market through professional management. By automating trade execution via complex computer models, it aims to exploit market inefficiencies while addressing volatility concerns. This launch underscores growing institutional adoption of digital assets and may pave the way for further mainstream integration. Key benefits include risk mitigation, improved liquidity, and enhanced legitimacy, though challenges remain in regulatory dynamics and crypto market fluctuations.

Recent whale activity has driven significant inflows into Cardano (ADA), Avalanche (AVAX) and Ethereum (ETH), as large holders accumulate or take profits amid strong on-chain activity. Over the past week, wallets purchased 200 million ADA (about $166 million), while Avalanche hit a record 7.3 million monthly active addresses. On Ethereum, a single whale acquired 312,052 ETH (roughly $1.34 billion) across new addresses, offset by the “7 Siblings” group selling 1.21 million ETH after prices topped $4,500. This on-chain activity and altcoin accumulation underline renewed market sentiment for top altcoins. Separately, MAGACOIN FINANCE’s allocation spots are shrinking rapidly, suggesting potential scarcity-driven interest. Traders should watch these whale activity patterns and new entrants, as large-scale positions can influence both short-term price swings and long-term market direction.