Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

In early hours, Bitcoin surged to a new all-time high of $124,533, but quickly reversed course, falling nearly 6%—the largest one-day drop in months. The pullback coincided with US Producer Price Index (PPI) data exceeding forecasts, undermining expectations for Federal Reserve rate cuts in September. While US equities rebounded after initial losses, Bitcoin and gold remained pressured, indicating a shift toward liquidity. Simultaneously, the US Treasury clarified it has no plans to add Bitcoin to official reserves, adding to market uncertainty. Despite the correction, the long-term bullish trend remains intact, with analysts targeting $150,000–$200,000 for Bitcoin this cycle. On the day of the sell-off, roughly $800 million in long positions were liquidated, including $160 million in BTC, highlighting ongoing volatility in the bull market. Traders now watch for renewed momentum in Bitcoin and a potential rotation into altcoins. Among altcoin projects, Bitcoin Hyper (HYPER)—a Layer-2 solution combining Bitcoin security with Solana Virtual Machine speed—has raised over $9 million in its presale. HYPER uses Wrapped BTC on its network and aims to support DeFi, gaming, and NFTs. The token presale price of $0.0127 will increase after 28 hours, suggesting early adoption incentives for investors.

Crypto Price Analysis: Over the past fortnight, major altcoins have accelerated their rallies. Initial momentum saw Ethereum climb 6% toward the $4,000 resistance on strong buy volumes; its rally then accelerated into a 19% weekly gain, trading within 4% of its $4,868 all-time high. If ETH flips $4,900–$5,000 into support, bulls could target $6,000, $7,000 and even $9,000–$10,000 in a price discovery phase. Ripple initially surged 12% from $3 to $3.4 amid a bullish MACD cross but later underperformed, dropping 6% off the $3.2 resistance and consolidating just above $3 as traders await fresh momentum. Cardano broke above $0.77 after an 8% gain and then powered 20% to peak at $1, eyeing $1.30 and $1.50 as the next hurdles. Solana reversed at $155 for a 3% rise toward $185 before extending gains to 13%, yet faced two rejections at $200; key support sits at $186 with overhead resistance at $200 and $227. Hyperliquid bounced from $35 to hold $40, later rebounding 20% to $48.5 near its $50 all-time high; a break above $50 could spark a run toward $54, $60 and $66. This Crypto Price Analysis highlights growing bullish momentum among major altcoins, pointing to a potential continuation of the summer rally.

TRON has processed over 11.1 billion transactions, adding 1.8 billion since the end of 2024. Daily activity averages 7–9 million transactions, peaking near 10 million, driven largely by USDT/TRC-20 transfers that benefit from low fees and fast confirmations. Data from CryptoQuant shows this sustained throughput deepens market liquidity and enhances capital rotation between spot and derivatives markets. From early May to mid-August, TRON handled around 860 million transactions, underscoring consistent stablecoin demand. As a result, TRON solidifies its role as a settlement layer for payments and cross-border transfers. On the price side, TRX traded around $0.36 and briefly exceeded its upper Bollinger Band, signaling strong momentum but raising the risk of short-term pullbacks. Continued USDT flows could sustain the bullish trend, while any slowdown may create entry opportunities near key support levels. Traders should monitor technical indicators and overall market sentiment to gauge TRON’s next move.

AI language governance has become a board-level concern as enterprises integrate LLM-driven AI applications. The choice of words in AI outputs shapes reputation, regulatory risk and long-term value. New rules like the EU AI Act demand transparency and traceability of model training data and outputs. Small shifts—“savings opportunity” vs. “budget cut”—can affect adoption, liability and brand trust. Key risks include regulatory liability, brand damage and prompt injection attacks. Managing this layer requires a governance stack: prompt inventory and audit, cross-functional language councils, version control, adversarial stress tests and clear remediation protocols. Blockchain provides immutable prompt timestamping, on-chain audit trails and tokenized taxonomies for licensing, enhancing transparency and IP protection. Effective AI language governance will be a key differentiator for enterprises seeking secure and compliant AI deployments.

On August 14, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the A7A5 ruble-backed token, its issuer Old Vector, and the Grinex and Garantex exchanges in a sanctions action targeting Russian-linked crypto networks. OFAC sanctions aim to curb sanctions evasion via crypto rails. A7A5, issued by Kyrgyzstan’s Old Vector and collateralized by deposits at sanctioned Promsvyazbank, has processed over $51.17 billion in on-chain trading volume primarily on Tron (TRX) and Ethereum (ETH) networks during weekdays. Following the March takedown of Garantex, tokens burned on Garantex were reissued to support liquidity on Grinex, which absorbed former Garantex users. A newly launched centralized DEX for A7A5-to-stablecoin swaps has moved $1.46 billion, raising concerns about sanctions evasion through cross-border crypto rails. This move underscores Russia’s legislative push to legalize crypto payments for cross-border transactions and highlights compliance risks and potential liquidity pressures for the A7A5 ruble-backed token.

In a recent OKB burn event, OKEx executed a buy-back and burn of 279 million OKB tokens via its null address, reducing the total OKB supply to 21 million. According to Etherscan data, the transaction occurred at 14:00 UTC+8, permanently removing tokens from circulation. The OKB burn underscores the token’s deflationary mechanism, potentially enhancing scarcity. Traders should note the supply cut’s bullish implications for OKB price and monitor future burn schedules and liquidity on OKEx.

OKX has implemented a major tokenomics overhaul by burning 65.25 million OKB and capping OKB supply at 21 million. The change removes minting and manual burn functions, creating a deflationary model. OKT tokens will convert automatically to OKB at a 1:9.5 ratio based on July 13–August 12 average prices, as the OKTChain is phased out. OKX is transitioning to X Layer, a Polygon-based zkEVM Layer 2 with 5,000 TPS and near-zero gas fees, integrated across its exchange, wallet, and payment services. The announcement sent OKB price soaring over 200% within an hour, reflecting bullish sentiment. Traders should watch OKB supply dynamics and X Layer adoption, which could drive long-term demand despite short-term volatility.

Huobi Community and SunPump have launched a global creator contest running from August 14 to September 5 with an 8000 USDT prize pool. The competition features two tracks: a creator track and a general user track. In the creator track, participants with at least 20,000 Twitter followers, 5% engagement and five qualified submissions secure a minimum 54 USDT reward. The top 100 creators will share 5400 USDT, while the top 10 split 1800 USDT, and the first-place winner takes 500 USDT. Additional prizes include an 800 USDT SunPump activation package and a 12-hour homepage exposure on the Huobi app. The general user track lets community members vote or comment to enter a lucky draw with up to 1888 USDT in winnings. Users who interact under designated topics via likes, comments or follows also share a bonus pool based on ranking. A universal 1000 USDT “celebration reward” is available to all participants. This global creator contest aims to boost community involvement and deliver substantial USDT rewards to both content creators and general users.

Bitwise CIO Matt Hougan identifies four key bullish crypto catalysts that the market has yet to fully price in. First, potential government Bitcoin purchases remain unaccounted for: while ETFs have acquired 183,126 BTC and corporations 354,744 BTC, central banks and sovereigns have only made token moves. Second, a shift toward lower interest rates and a weaker dollar under the current U.S. administration could spur fresh crypto inflows. Third, Bitcoin’s volatility has fallen sharply since spot Bitcoin ETFs launched in January 2024, suggesting a more stable environment that attracts institutional investors. Finally, the prospect of an ICO Market 2.0—endorsed by SEC Chair Paul Atkins—could draw significant new capital into altcoins. Hougan argues that these “underestimated” developments, combined with strong regulatory progress, stablecoin momentum, ETF adoption and Ethereum’s rally, may drive prices substantially higher into 2026.

Mutuum Finance, currently in Phase 6 of its presale at $0.035, has raised $14.39 million from over 15,250 holders. The Layer-2 DeFi protocol offers low-cost, high-speed decentralized lending and borrowing through Peer-to-Contract and Peer-to-Peer liquidity models. Users can borrow a $1-pegged stablecoin against blue-chip crypto collateral, creating a self-sustaining liquidity loop. A CertiK audit confirms smart contract security. Mutuum Finance’s beta launch and upcoming listings on Binance, KuCoin, and Coinbase are expected to drive TVL growth and token demand. The project targets a post-listing price of $0.06, an immediate 71% gain, and aims for $0.35 within 12 months, representing 10x upside by Q1 2026. Exchange exposure, layer-2 scalability, and a revenue-backed staking rewards model create sustained bullish momentum for traders seeking outsized growth in the DeFi space.

Solana wallets holding over 10,000 SOL have surged to a record 5,224 addresses, marking an all-time high in SOL accumulation. Each wallet holds about $2 million worth of SOL, reflecting growing confidence among crypto whales and institutional investors. This trend is driven by Solana’s high throughput, low fees, and expanding ecosystem of DeFi, dApps and NFTs. Ongoing network upgrades also boost reliability. Large SOL holdings by whales can support price stability by reducing sell pressure, though concentrated wallets may influence short-term volatility. Traders should watch Solana’s development roadmap, diversify portfolios and adopt a long-term perspective to navigate the evolving Solana market.

Bitcoin surge stalled this week as large-scale whale selling triggered a 3.5% price correction. Data from CryptoQuant revealed that whales deposited 6,060 BTC, worth $722 million, into Binance. Analysts link these whale movements to recent U.S. economic data, including jobless claims and producer price index figures. The spike in Binance deposits signals shifting market sentiment and heightened volatility. Despite the stalling Bitcoin surge, HODLer Net Position Change data shows long-term investors reducing selling pressure. HODLers are holding firm, which could stabilize prices and support a recovery. Bitcoin is trading near $119,200, just below the key $120,000 support level. If buyers defend this range, a rebound to $122,000 is possible. However, a break below $117,261 could usher in further declines toward $115,000, challenging bullish expectations. Traders should monitor whale activity and HODLer behavior for clues on market direction.

Solana’s community has launched a governance vote on the Alpenglow upgrade, targeting a significant Solana speed upgrade by optimizing core consensus mechanisms. Alpenglow introduces Votor and Rotor enhancements to Proof of History (PoH) and Tower BFT algorithms, aiming to increase transaction throughput. The proposal highlights decentralized governance, involving token holders, validators and developers in decision-making. If approved in about 16 days, the upgrade promises faster dApp confirmations, lower fees and higher scalability, enhancing network performance and attracting developers. Rigorous testing will be essential to ensure stability during the transition. The outcome could reinforce Solana’s position as a leading high-performance layer-1 blockchain. Traders should monitor governance developments and potential performance benchmarks post-upgrade, as improved Solana speed upgrade may influence SOL token demand and network activity in both short and long term.

Ethereum transparency is under scrutiny due to the protocol’s public, unencrypted mempool. This open design has enabled over $1.8 billion in malicious MEV since 2020. Sandwich attacks, frontrunning, and transaction reordering now threaten fair blockchain use. The proposed solution is a protocol-level encrypted mempool. By encrypting pending transactions until they are finalized in blocks, MEV extractors lose their advantage. This would create a default fairness layer without requiring users to change wallets or RPC endpoints. Implementing an encrypted mempool demands deep changes to transaction propagation, consensus layers, and the execution environment. Rolling out these upgrades would span multiple network upgrades and could take several years. As institutional players like BlackRock and Fidelity boost Ethereum adoption, mitigating transparency risks is crucial. Encrypted mempool adoption would strengthen security, enhance DeFi fairness, and maintain market confidence.

Binance has launched a PUBLIC token airdrop, allowing eligible users to claim 430 PUBLIC tokens by redeeming Alpha Points between August 15, 15:00 (UTC+8) and the next 24 hours. The PUBLIC token airdrop is divided into two phases: during the first 18 hours, users holding at least 240 Alpha Points can claim; in the last 6 hours, the threshold drops by 15 points each hour starting from 200 points, on a first-come, first-served basis. Each claim costs 15 Alpha Points. Users must confirm their claims on the Alpha activity page within 24 hours to avoid forfeiting the airdrop. Traders should monitor this PUBLIC token airdrop event to assess market impact and plan trading strategies accordingly.

Solana has initiated its SIMD-326 Alpenglow governance proposal. The upgrade aims to reduce block finality to 150ms. Community voting is scheduled to take place in approximately 16 days. If approved, the enhanced consensus mechanism could accelerate transaction confirmation times. This move underscores Solana’s commitment to high-performance blockchain infrastructure and could influence network throughput and user experience.

Swedish-listed investment firm Bitcoin Treasury Capital has completed a directed issuance of 13,803 Class B shares at 287 SEK each, raising approximately 4 million SEK (about $418,000). All shares were fully subscribed and allocated through a negotiated pricing process. Proceeds from the share sale will be entirely deployed to acquire additional bitcoin, reinforcing the company’s strategic focus on bitcoin investment. This move underscores growing institutional appetite for bitcoin and reflects the firm’s commitment to expanding its BTC holdings amid ongoing market fluctuations.

US Treasury Secretary Scott Bessent confirmed in a Fox Business interview that the government will not buy additional Bitcoin for its strategic reserve, opting instead to grow its holdings through confiscated assets and halting all BTC sales. This announcement intensified recent market volatility, driving Bitcoin down toward $118,000 after a brief surge above $124,000. Amid this turbulence, derivatives traders faced massive losses as crypto liquidations reached nearly $1 billion over the past 24 hours, according to CoinGlass data. Long positions bore the brunt with $747 million forcibly closed. By asset, Ethereum-led contracts topped the list at $312 million in liquidations, followed by Bitcoin at $214 million. Altcoins Solana and XRP saw $66 million and $56 million wiped out, respectively. The decision to pause direct Bitcoin purchases removes a potential demand driver and coincides with a broader push by the government to build crypto reserves via seized holdings. Traders should watch for continued price swings and assess open positions carefully as market participants digest both the strategic shift and the recent wave of forced liquidations.

Dogecoin price jumped over 15% in two days to reach $0.244, marking a one-month high. A golden cross formed as the 50-day moving average crossed above the 200-day MA, a signal that triggered 25–130% gains in 2023 and 2024. Whales have purchased over 1 billion DOGE (worth more than $200 million), boosting top wallets to control 47% of the supply. Analysts set near-term price targets at $0.28, with further upside to $0.42 and $0.48 if momentum holds. Meanwhile, large Dogecoin holders are diversifying into MAGACOIN FINANCE, a high-growth altcoin currently in presale. The token has attracted whale interest from the DOGE community, with forecasts of 39× to 74× returns ahead of key exchange listings. Traders view MAGACOIN FINANCE as a high-conviction play as liquidity rotates into early-stage, scarcity-driven projects. This dual trend of a bullish technical setup for Dogecoin and an altcoin rotation into MAGACOIN FINANCE could shape market positioning before the next leg up.

Ether price is currently trading just below its November 2021 all-time high of $4,785. Despite a recent surge driven by spot ETF inflows, a Nansen analyst warns that Ether all-time highs may still be weeks or even months away. The Ether price reached $4,779 on Thursday, just 2% shy of its peak, before retracing to around $4,630. Traders remain optimistic as institutional and ETF interest intensifies. On Monday, spot Ether ETFs saw a record $1.01 billion in net inflows, with corporate Ether holdings swelling to $13 billion. Nansen’s Jake Kennis expects the rally to hold if ETF flows stay bullish. Some traders predict a new Ether peak in days, while betting markets give a 65% chance of $5,000 ETH by end-August. Retail skepticism, highlighted by sentiment platform Santiment, may further fuel the rally by moving prices against retail expectations. Overall, strong ETF and institutional activity underpins a positive outlook, though further consolidation may precede a fresh all-time high.

Financial commentator Peter Schiff has predicted that tokenized gold will supplant Bitcoin and stablecoins as the preferred monetary asset. He cites BioSig Technologies’ $1.1 billion funding round to build a gold-backed treasury through Solana-based tokenization platform Streamex. According to Schiff, tokenized gold improves on Bitcoin’s monetary characteristics, such as scarcity, security, and stability, while eliminating the need for U.S. dollar-backed stablecoins. He argues that tokenized gold solves Bitcoin’s volatility and counterparty risks, offering global access, enhanced liquidity, and lower barriers to entry. However, critics warn of centralization and reliance on custodial counterparties, exposing holders to manipulation and counterparty risk. The announcement underscores rising competition between gold-backed tokens and cryptocurrencies for safe-haven appeal.

Estonian banker Rain Lõhmus permanently lost access to his Ethereum wallet holding 250,000 ETH (over $1 billion) acquired for $75,000 in the 2015 ICO. Ethereum wallet security depends entirely on private keys, and with his password irretrievable, blockchain design offers no reset or admin recovery. This mirrors other high-profile losses—6,000 BTC discarded with old keys and former Ripple CTO Stefan Thomas’s failed attempts to unlock 7,002 BTC. Traders should treat this as a stark warning: robust crypto security, including cold storage, encrypted backups and clear recovery protocols, is essential to mitigate operational risk and safeguard digital assets.

XRP fell over 6% to $3.00 after a $1 billion liquidation wave, marking its lowest level in a week. Despite record 24-hour volume topping $11.1 billion, renewed whale buying of 320 million XRP (around $1 billion) by large holders stabilised the price near $3.12. Crypto analysts say this marks the start of XRP’s expansion phase, with a $7 target based on chart structure and on-chain accumulation. A symmetrical triangle on the 4-hour chart shows a breakout retest at former resistance, often seen as a bullish setup. With broader risk assets under pressure and U.S. equities experiencing profit-taking, XRP’s key support level holds. Traders will watch for confirmation of the expansion setup and sustained institutional interest.

Shiba Inu has issued a warning to its community after a surge in digital attacks targeting crypto wallets. The project team highlighted new scam tactics aimed at accessing private keys and urged users to rely only on official sources for updates. Key recommendations include enabling two-factor authentication, updating passwords regularly, and avoiding suspicious links or third-party platforms. The team also advised users to report any dubious activity via official channels. Additional security measures are set to be announced soon to further enhance wallet security and protect community assets.

Brazilian police have arrested four suspects in a high-profile Bitcoin kidnapping case after a retired teacher was abducted in Recife on March 21. Criminals demanded a ransom of five BTC (≈R$3.3 million), holding the victim at gunpoint for over 12 hours before releasing her. Using fake license plates and social media surveillance, the perpetrators tracked the victim’s routines. A Special Operations Group executed arrest and search warrants in Greater Recife and Rio Grande do Norte. Two female suspects collected the Bitcoin ransom, highlighting challenges of tracing funds in anonymous blockchain transactions. Charges include extortion and money laundering. This Bitcoin kidnapping underscores a surge in crypto crime and the need for robust investor safety measures. Traders should stay vigilant by securing private data, using cold wallets, and enabling two-factor authentication to mitigate digital asset risks.

Crypto oracle network Chainlink (LINK) is poised to lead the stablecoin and tokenization era, according to market expert Miles Deutscher. With pro-crypto regulations and institutional demand boosting stablecoins and real-world asset (RWA) tokenization TVL from $1B to $13B in two years, Chainlink controls 84% of the on-chain oracle market. It generates revenue via on-chain service fees and corporate partnerships, converting fees in ETH and USDC into LINK tokens and creating a sustainable supply sink through staking (yield ~4.32%). Chainlink’s total value secured at $84.65B outpaces XRP’s $85M TVL, despite XRP’s market cap being 12 times larger—highlighting LINK’s undervaluation. Breaking above $20 resistance to trade at $22 signals potential for further gains as tokenization and stablecoin use expand. This positions Chainlink at the center of the oracle market, ready to benefit from institutional crypto adoption and the growth of stablecoins and tokenized assets.

XRP tumbled 7.19% over 24 hours, sliding from $3.34 to $3.10 as more than $1 billion in crypto liquidations rippled through markets. A midday capitulation spike saw record intraday sales of 436.98 million XRP, testing key support between $3.05 and $3.09. Despite the heavy sell-off, late-session buying—marked by two notable volume surges—suggests renewed accumulation from institutional holders. Ripple’s CTO also reaffirmed the XRP Ledger’s readiness for global financial infrastructure, offering fundamental support amid technical weakness. On-chain data shows weakening sell-side momentum, with immediate resistance at $3.13 and secondary resistance at $3.20. Traders will watch for follow-through buying above $3.13, large-wallet activity for renewed accumulation signals, and shifts in funding rates in XRP derivatives. The drop aligns with broader market declines and equity profit-taking, underscoring the influence of Fed rate cut expectations on risk sentiment.

Crypto markets saw over $1 billion in crypto liquidations in 24 hours after hotter-than-expected U.S. Producer Price Index (PPI) data sparked fears of persistent inflation and delayed Fed rate cuts. Bitcoin’s brief record high above $123,500 was followed by a sharp sell-off that erased $866 million in long positions. Ether traders were the hardest hit, with $348.9 million liquidated, compared to Bitcoin’s $177.1 million. Other major tokens saw significant losses: Solana (SOL) lost $64.2 million, XRP $58.8 million and Dogecoin (DOGE) $35.8 million in leveraged liquidations. Bybit led platforms in these crypto liquidations, accounting for $421.9 million (92% longs), followed by Binance with $249.9 million and OKX at $125.1 million. The largest single wipeout was a $6.25 million ETH-USDT perpetual swap on OKX. Analysts say the unexpected PPI report paused the recent crypto rally. Jeff Mei of BTSE warned that inflation’s threat could delay Fed rate cuts beyond September. Nick Ruck of LVRG Research highlighted crypto’s growing sensitivity to macro liquidity shifts. Traders are now focused on upcoming U.S. economic data and Fed commentary for clues on market direction.

Andre Cronje, co-founder of Sonic Labs, has launched a public fundraising campaign for Flying Tulip, a new on-chain trading platform built on the Sonic (S) layer-1 blockchain. As an on-chain trading platform, Flying Tulip combines spot and perpetual trading, lending, options and adaptive AMMs with yield-backed liquidity via a synthetic delta-neutral pool and offers up to 1000x leverage. Announced on X on August 14, the project targets U.S. funds. Funds raised will support yield strategies, with only the yield allocated to marketing, liquidity, launchpad incentives and token buybacks. The FT token, with a fixed supply split equally between investors and the foundation, grants holders perpetual repurchase rights at the original investment rate in BTC, ETH, SOL, USDC, USDE, USDS or ftUSD. Features include non-custodial wallets, dynamic loan-to-value ratios and compliance tools. Flying Tulip aims to match centralized exchange performance while mitigating custody risks, but its success hinges on resilient oracles.