Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Nasdaq-listed Verb Technology has completed a $558 million private placement to acquire Toncoin (TON) as a treasury asset. More than 110 institutional and crypto-native investors, including Blockchain.com, Kraken, Pantera, Ribbit Capital and Animoca, joined the round. Verb plans to rebrand as TON Strategy Co. on August 7, 2025, and will hold 77% of its Toncoin reserves for dip buying, liquidity support and volatility buffering. The deal removes about 5% of TON’s circulating supply, triggering a supply shock that could drive a price rally. On-chain data shows TON trading above its 20-day moving average and near the lower Bollinger Band, with Fibonacci extension targets at $3.90 and $4.20. A break above $4.50 may spark further momentum. Traders may see short-term consolidation between $3.30 and $3.55, with dips near $3.20 as buying opportunities. In the long term, treasury staking yields and Telegram integration could establish a higher price floor, positioning Toncoin as an institutional-grade crypto asset.

Tokyo-based Metaplanet bought 463 Bitcoin on August 4 at an average price of $115,895. This raises its corporate treasury to 17,595 BTC (approx. $2.02 bn), making it one of the top public Bitcoin holders. Over the past year, Metaplanet’s dip-buying strategy grew reserves from under 1,000 to nearly 18,000 BTC. Arkham Intelligence data shows its treasury yield hit 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025 and 129.4% in Q2 2025, with a 24.6% return from July 1 to August 4. To reach its 210,000 BTC target by end-2027, Metaplanet plans to raise up to $3.73 bn via a perpetual preferred shares offering with dividends up to 6%. This mirrors MicroStrategy’s model but adds dividend obligations if Bitcoin weakens. Bitcoin’s price is now compressed around $114,400, facing resistance at the 200-day MA (~$115,300), the $115,724 level and the 50-day MA (~$116,442). Short-term bullish momentum is limited, but Metaplanet’s institutional accumulation may provide support. Traders will watch if Bitcoin can reclaim $115,724 and $116,442; failure could trigger a pullback to $112,200 or the psychological $110,000.

The CFTC has launched a public comment period on amendments to Section 2(c)(2)(D) of the Commodity Exchange Act and Part 40, marking the agency’s “crypto sprint” to fast-track regulation. The CFTC spot crypto contracts proposal would allow spot crypto contracts to trade on CFTC-registered designated contract markets. Under the plan, spot crypto contracts would mirror listed futures and track real-time Bitcoin prices, while permitting leveraged retail trading. Acting Chair Caroline Pham emphasized coordination with the SEC’s Project Crypto to avoid overlap with securities laws and is seeking input on how DeFi platforms fit into the new federal framework. With the public comment period open until August 18 and three of five board seats vacant, the CFTC aims to clarify its authority over digital assets and strengthen oversight of leverage-based spot trading.

Arkham Intelligence’s on-chain analysis reveals the record $14.5B Bitcoin heist that drained 127,426 BTC from LuBian’s mining pool in December 2020. Attackers exploited a private key generation flaw, siphoning over 90% of the pool’s reserves. Two days later, they stole an additional $6M in BTC and USDT via the Omni layer. Despite moving 11,886 BTC to recovery wallets and sending 1,500 OP_RETURN pleas, LuBian never recovered the funds. A minor consolidation in July 2024 left the hacker’s address intact as the 13th largest Bitcoin wallet, surpassing the Mt. Gox hack. This Bitcoin heist eclipses the 2025 Bybit $1.5B exploit and highlights urgent blockchain security gaps, urging mining pools and exchanges to bolster defenses against similar attacks.

Chainlink has launched its Data Streams service, delivering real-time U.S. equities and ETF prices across 37 blockchains with institutional-grade reliability. Major DeFi platforms such as GMX and Kamino are already integrating these decentralized market data feeds, enabling tokenized stock trading, lending and synthetic ETFs. The launch addresses stale data gaps and boosts arbitrage opportunities by providing continuous, low-latency pricing for tokenized assets. Following the announcement, LINK, Chainlink’s oracle token, rose 4%, reflecting strong market confidence. By strengthening its data infrastructure, Chainlink reinforces its oracle leadership and lays the groundwork for broader institutional adoption in DeFi.

BlockDAG presale has raised USD 361 million across 29 batches and sold over 24.46 billion BDAG tokens. Batch 29 tokens trade at USD 0.0276, delivering a cumulative ROI of 2,660%. The BlockDAG presale live trading dashboard V4 links directly to presale wallets. Traders can buy and sell BDAG against USD, view real-time order books, track price charts and see instant wallet updates. A special entry price of USD 0.0016 is available until August 11, offering a potential 3,025% return from the original USD 0.05 launch price. By simulating post-launch conditions, the live trading dashboard bolsters trader confidence, attracts seasoned investors and sets the stage for sustained demand ahead of the full exchange launch.

Marine Le Pen’s Rassemblement National has introduced a five-year pilot program to deploy surplus nuclear energy at EDF’s state-controlled plants for Bitcoin mining. The plan, led by RN lawmaker Aurélien Lopez-Liguori, aims to power high-performance rigs with unused nuclear electricity, boosting energy efficiency and creating digital assets. Le Pen publicly endorsed the initiative during a visit to the Flamanville plant, marking a shift from the party’s 2016 anti-crypto stance. If approved by the National Assembly, this nuclear-powered Bitcoin mining strategy could pioneer France’s approach to clean-energy blockchain operations and align with the EU’s Markets in Crypto-Assets rules. Traders will monitor how this move affects energy costs, mining hardware demand and Europe’s crypto-mining landscape.

On July 29, decentralized exchange Hyperliquid suffered a 37-minute API outage after its open interest surged to a record $14.7 billion, halting order processing though transactions still reached the blockchain. To restore user trust, Hyperliquid refunded $1.99 million in USDC on August 4, issuing full refunds for losses under $10,000 and an initial $9,999 payout for larger claims, with KYC required by August 18 to claim the balance. The platform clarified the outage resulted from traffic overload rather than an attack. This swift response, following a $6.26 million exploit in March, won community praise and reinforced Hyperliquid’s reliability. Hyperliquid now ranks as the world’s seventh-largest derivatives exchange by open interest at $10.6 billion.

BitMine Immersion Technologies (BMNR) has boosted its Ethereum reserves to 833,137 ETH (approximately $3 billion), solidifying its position as the largest publicly traded ETH holder. The company amassed these holdings in 35 days through a $250 million private placement, equity and convertible-bond financing, and a targeted “5% alchemy” buyback plan aiming to control up to 5% of Ethereum’s total supply. Institutional backers including ARK Invest, Miller Value Partners and Peter Thiel’s Founders Fund have fueled this rally, with ARK Invest alone acquiring over $52 million in BMNR shares since late July and now holding more than $140 million worth. Combined with other institutional vehicles like SharpLink (498,000 ETH) and The Ether Machine (334,000 ETH), total institutional Ethereum reserves now approach 2 million ETH. BitMine has announced plans to launch ETH staking to enhance per-share net asset value, contributing to a 3% rise in its stock price to $32.70. This surge in institutional Ethereum reserves underscores growing confidence in ETH and signals a bullish outlook for the market.

BitMine Immersion Technologies increased its Ethereum treasury by 208,137 ETH in one week, lifting total holdings to 833,137 ETH (over $3 billion). This aggressive ETH treasury build coincided with a 5.8% price rally that saw Ether peak at $3,730 before stabilizing around $3,654. With the largest ETH treasury—ahead of SharpLink Gaming (438,200 ETH) and The Ether Machine (345,400 ETH)—BitMine’s move underscores growing institutional investment in Ethereum. Backed by Bill Miller III and Cathie Wood and chaired by Fundstrat CIO Tom Lee, BitMine cites softening labor data and a potential Federal Reserve pivot as catalysts. Experts anticipate sustained bullish pressure on ETH, creating short-term trading opportunities and reinforcing long-term adoption prospects for Ethereum.

British engineer James Howells, who lost 8,000 BTC in a Newport landfill accident a decade ago, has abandoned recovery efforts and pivoted to a pioneering Bitcoin tokenization plan. He will issue 800 billion Ceiniog Coin (INI) tokens on the Bitcoin main chain via OP_RETURN, mapping each token 1:1 to a satoshi. The INI tokens will integrate with Stacks, Runes, and Ordinals, offering a symbolic asset recovery model despite the original coins being irretrievable. The Ceiniog Coin launch is slated for late 2025. This Bitcoin tokenization experiment underscores new blockchain applications and could set a precedent for value recovery from stranded digital assets. Crypto traders should note that tokenizing lost Bitcoin carries no direct impact on actual BTC supply or market dynamics, but it highlights growing innovation in Bitcoin tokenization projects.

Figure Technology Solutions, led by SoFi co-founder Mike Cagney, has confidentially filed for a $500M–$1B Nasdaq IPO. The SEC Form S-1 spotlights its Provenance blockchain mortgage platform, slashing traditional five-week HELOC processing to under five days with approvals in minutes. In 2024, Figure reported a 30% adjusted EBITDA margin and issued over $16B in home equity loans alongside partners including Goldman Sachs and JPMorgan. It has tokenized $355M of HELOC-backed securities on-chain, earning an S&P AAA rating. The firm recently merged with Figure Markets, which issues YDLS, a yield-bearing stablecoin serving as a tokenized money market fund. This expansion underscores its focus on real-world asset (RWA) tokenization. This IPO follows a growing pro-crypto regulatory trend for blockchain mortgage platforms, mirroring listings by Circle, BitGo and Grayscale. Traders should monitor regulatory feedback, IPO pricing signals and market sentiment as indicators for RWA adoption. Key challenges include navigating multi-state and federal compliance, sustaining loan demand amid high interest rates and safeguarding user data and on-chain assets.

An Ethereum whale short position update: A single whale opened a $100 million, 25x leveraged short on 27,000 ETH at $3,637 per ETH, using 3.32 million USDC margin. As ETH rallied above $3,828, the Ethereum whale short flipped from a $12.25 million unrealized gain into a $2.32 million floating loss, highlighting the risks of high-leverage strategies. This sharp reversal has amplified ETH volatility across derivatives platforms. Analysts warn that forced liquidations could further strain liquidity and trigger steeper price swings. Crypto traders should monitor this Ethereum whale short activity, track key support levels, and adjust risk management to anticipate potential corrections or rebounds in the ETH market.

Two newly created wallets have hoarded a combined 49,262 ETH (about $183 million) within hours via institutional transfers. OnChain Lens data shows wallet 0x86F received 15,000 ETH from FalconX, lifting its balance to 39,294 ETH, while wallet 0x55C added 9,968 ETH from Galaxy Digital. This surge in on-chain accumulation highlights growing institutional confidence in Ethereum’s long-term value. Such large-scale ETH buying often supports price stability and can precede upward momentum. Traders should monitor on-chain whale movements and liquidity shifts to refine entry and exit strategies and gauge market sentiment.

TON Strategy Co (Nasdaq: VERB), formerly Verb Technology, closed a $558 million PIPE investment and rebranded to become the first public company with a Toncoin treasury. The firm sold 58.7 million shares and pre-funded warrants at $9.51 each. Proceeds will fund its Toncoin treasury and support staking yields. The company also plans partnerships with Animoca Brands and The Open Platform to integrate Toncoin into gaming and Telegram Mini Apps. This move follows Telegram’s TON Wallet launch for 87 million US users and saw TON Strategy’s stock jump over 200% intraday. Executive Chair Manuel Stotz and advisors such as Blockchain.com’s Peter Smith back the plan. Traders should watch Toncoin markets for volatility and inflows as institutional adoption grows.

Nexus Mutual, a leading DeFi insurance protocol, has paid 250,000 USD in ETH to users impacted by the July 15 Arcadia Finance smart contract exploit on the Base blockchain. Attackers drained $3.5 million in stablecoins, laundering the funds into wrapped ETH before the breach was detected. After a standard cooldown via its OpenCover onchain claims system, Nexus Mutual approved and disbursed the payout within days—marking Base’s first major crypto insurance settlement. This rapid DeFi insurance payout offers early restitution ahead of Arcadia’s own USDC-pegged Recovery Tokens plan. Since 2019, Nexus Mutual has processed claims totaling over $18.2 million across 37 DeFi incidents, including high-profile cases like TribeDAO, Euler Finance and FTX. The Arcadia case underlines growing demand for reliable DeFi security solutions and sets a precedent for insurance-driven risk mitigation on Layer 2 networks.

Bullish IPO has filed an SEC Form F-1 to raise up to $629 million by offering 20.3 million shares at $28–$31 each. The move values the Peter Thiel-backed crypto exchange at $4.23 billion. Bullish IPO will list on the NYSE under ticker BLSH, tapping growing institutional demand. Under the new GENIUS Act and clearer stablecoin rules, the exchange plans to convert most proceeds into USD-pegged stablecoins via trusted issuers. Backed by Founders Fund, Thiel Capital, Nomura and Mike Novogratz, Bullish targets corporate operations, working capital and acquisitions. Despite a $349 million loss in Q1 2025, rising institutional interest and recent SEC clarity enhance the platform’s market outlook.

Pump.fun revenue fell 80% to $24.96 million in July, marking its lowest monthly intake to date. The Solana memecoin launchpad has seen declines since January’s $130 million peak: $90 million in February, $37 million in March and around $40 million from April to June. This drop reflects a wider meme coin market cooldown. Between July 23 and August 4, memecoin market cap slid 23.5% from $85 billion to $65 billion, and daily trading volume dropped 67% from $17.2 billion to $5.6 billion. On Pump.fun, daily traders fell 62% to 129,000 and volume declined 56% to $150 million. Pump.fun’s native token PUMP crashed over 20% below $0.30 before recovering 5.7% to $0.003021. Meanwhile, Solana (SOL) price dropped from $182 to $164.75 after weak US data. The Solana network led Layer 1/2 chains with $87 million revenue in July. Shipping of Solana Mobile’s Seeker smartphone to over 50 countries may revive ecosystem activity.

Binance is suspending USDC withdrawals on Ethereum, Polygon, Arbitrum, Base and Optimism networks starting at 07:00 UTC on August 6 for scheduled wallet maintenance. The USDC withdrawals pause will last approximately two hours. During this period, traders can still execute USDC trades on the exchange and use unaffected networks or convert USDC to other stablecoins for urgent transfers. All other withdrawal methods and spot trading remain fully operational. Binance advises users to monitor official announcements for real-time updates. This planned network maintenance underlines the importance of diversification and contingency planning when managing stablecoin liquidity. By enhancing platform security and stability, Binance aims to improve long-term service reliability.

BlackRock’s iShares Bitcoin Trust (IBIT) logged a $292.5 million outflow on Monday, ending its 37-day inflow streak. The pullback followed an 8.5% weekend dip in Bitcoin from $122,000 to $112,300 and broad outflows across US spot Bitcoin ETFs. Fidelity’s FBTC saw a $40 million outflow and Grayscale’s GBTC lost $10 million. Bitwise’s BITB attracted $18.7 million as Friday’s combined $812 million sell-off eased near the $112,000 support level. Despite the reversal, IBIT posted a record $5.2 billion net inflow in July, comprising 9% of total flows since its January launch. Institutional demand remains strong, with Bloomberg reporting $60 billion in digital asset inflows year-to-date. ETF expert Eric Balchunas noted IBIT’s 90-day rolling volatility has fallen below 40 from over 60. Lower volatility and moderated drawdowns are boosting Bitcoin’s appeal among institutions. Traders should watch ongoing ETF flows as indicators of short-term price swings and long-term market trends.

MicroStrategy has more than doubled its Bitcoin (BTC) treasury since the November 2024 Trump victory. The firm grew its Bitcoin holdings from 252,220 BTC to 628,791 BTC by adding 376,571 BTC over nine months. Last week, MicroStrategy filed an SEC document to buy 21,021 BTC for $2.46 billion at an average price of $117,256 per coin. This marks its third-largest dollar purchase since 2018. Earlier post-election buys included 55,500 BTC ($5.4 billion) and 51,780 BTC ($4.6 billion). At a Bitcoin price near $114,244, the company’s reserve is worth about $72.2 billion against a cost basis of $73,277. CEO Michael Saylor calls Bitcoin a “freedom virus” and plans to boost returns via credit instruments through its STRC vehicle. MicroStrategy reported a record $1 billion profit in Q2. Its Bitcoin reserve now represents roughly 3.16% of the circulating supply, underlining its market influence.

On August 5, the U.S. Securities and Exchange Commission issued interim guidance allowing USD-backed stablecoins to qualify as cash equivalents on corporate balance sheets. To qualify, stablecoins must maintain a strict 1:1 peg to the dollar, be fully reserved by cash or Treasury bills, and offer guaranteed redemption rights. Excluding algorithmic and yield-bearing tokens, this guidance aligns with the GENIUS Act’s reserve and audit mandates. It forms part of Chair Paul Atkins’s crypto reform package and is temporary pending Project Crypto rulemaking. By simplifying accounting and reporting, the SEC aims to boost institutional adoption of USD-backed stablecoins and integrate digital dollars into traditional finance. Key beneficiaries include Circle’s USDC and Tether’s USDT.

LYNO AI has launched a crypto presale at $0.05 per token. Traders have snapped up over 143,000 of the 16 million supply. The AI-driven cross-chain arbitrage engine scans 15+ EVM-compatible networks, including ETH, BNB, MATIC, ARB and OP. It offers decentralized smart-contract execution, flash loans, and staking rewards. The $LYNO token features governance voting, up to 60% profit sharing, and a buyback-and-burn model. Partnerships with LayerZero, Axelar (AXL) and Wormhole (WORM) enhance cross-chain liquidity. Security is reinforced by multi-signature wallets, circuit breakers, zero-knowledge proofs and a Cyberscope audit. Market observers forecast potential 25x to 300x returns by end-2025. With robust community governance and institutional support, LYNO AI stands out among AI altcoins. Traders eye it as a high-potential bet for both short-term gains and long-term protocol growth.

Solana Mobile has begun shipping its second-generation Seeker mobile device to users in more than 50 countries after amassing over 150,000 preorders. The Seeker mobile device features an integrated mobile-native crypto wallet and a decentralized DApp store to bypass traditional app-store restrictions. Hardware-level security is provided via a dedicated seed vault that isolates private keys and seed phrases from the application layer. Powered by the TEEPIN architecture, the Seeker mobile device decentralizes hardware validation, software checks, and app distribution. Available at $450 and $500, the launch could generate at least $67.5 million in revenue for Solana Labs. This rollout targets developers and crypto enthusiasts, aiming to lower app fees and enhance mobile NFT trading, DeFi access, and blockchain gaming.

Hong Kong’s new stablecoin regulation took effect on 1 August, requiring all issuers targeting local retail customers to obtain a licence from the Hong Kong Monetary Authority (HKMA). Under the stablecoin regulation, issuers must hold a minimum paid-up capital of HKD 25 million, maintain 100% high-quality liquid assets as reserves, and enable one-day redemption at face value. Strict AML/KYC measures—including five-year data retention, geo-blocking and cross-border compliance—apply. The framework bars integration with DeFi protocols, anonymous wallets and marketing of unlicensed stablecoins. The HKMA will accept licence applications until 30 September, with first approvals expected in early 2026. While traders welcome clearer rules to bolster anti-money laundering safeguards and institutional trust, critics warn that high entry barriers favour banks and large firms, risking fragmentation of on-chain liquidity. In the short term, reduced issuance and tighter trading spreads may unsettle markets, while long-term impacts include potential shifts of liquidity to more permissive jurisdictions despite improved confidence among institutional investors.

San Francisco Fed President Mary Daly signaled that the Fed may implement Fed rate cuts as soon as this year, citing a weakening labor market and stable inflation near the 2% target. She said two Fed rate cuts would still be an appropriate adjustment and did not rule out more by year-end. The FOMC decision will hinge on upcoming economic data, including job growth and price metrics. With four current FOMC members leaning toward a rate cut, the Fed would need three additional votes if Chair Powell dissents. Traders should monitor labor reports and inflation indicators closely. Fed rate cuts can affect risk assets, especially the crypto market, by reducing funding costs and boosting investor appetite for higher-yielding digital assets.

BitMine Immersion Technologies has bought 833,137 ETH (about $3 billion) over 35 days, establishing the largest corporate Ethereum Treasury. The acquisition, backed by investors Cathie Wood and Bill Miller III, was executed at an average price of $3,491.86 per ETH. Alongside this record buy, BitMine approved a $1 billion stock repurchase plan to reinforce its Ethereum-focused treasury strategy. The company’s shares have surged over 650% since June, reflecting strong market confidence in its approach. BitMine’s move leverages Ethereum’s network upgrades and expanding DeFi ecosystem, positioning the firm as a major staking participant. Analysts believe this record-sized Ethereum Treasury could reshape DeFi protocols, bolster staking pools and tighten circulating supply, influencing short-term volatility and long-term bullish momentum.

Binance has launched its 31st Binance HODLer airdrop, distributing the Succinct network’s PROVE token to users who staked BNB between July 18 and 22. PROVE allocations will arrive in spot wallets at least one hour before listing. The PROVE deposit channel opens on August 5 at 12:00 (UTC+8), with spot trading beginning on August 6 at 01:00 (UTC+8) across USDT, USDC, BNB, FDUSD and TRY pairs under seed-tag rules. PROVE will feature on Binance Alpha’s informational display before moving to mainstream spot markets. This Binance HODLer airdrop aims to boost BNB staking incentives, expand DeFi engagement and spark price discovery. Traders should watch for short-term trading opportunities around the PROVE listing, as Binance HODLer airdrops typically drive token demand and bullish momentum.

Robert Kiyosaki forecasts a Bitcoin price dip below $90,000 in August, citing the historical “August Curse” trend—on-chain data shows August drops of 13% in 2022 and 11.3% in 2023. He attributes the potential price decline to global economic pressures, U.S. public debt, policy missteps and bank management issues. Bitcoin price recently peaked at $123,000 and trades around $115,000, presenting traders with a buying opportunity amid volatility. Kiyosaki plans to double his holdings if the market falls more than 21%. Traders are advised to conduct independent research, consider market conditions and risk tolerance, and view the predicted dip as a long-term investment opportunity.