Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bit Digital converts its treasury to Ethereum by selling all ~280 BTC holdings and deploying $172 million from a June equity offering. The Nasdaq-listed miner now holds over 100,000 ETH, up from 24,400 ETH at Q1 close. CEO Sam Tabar highlights Ethereum’s programmable smart contracts, deflationary supply, and 3–5% staking yield as core drivers. Exiting legacy Bitcoin mining, the firm shifts to ETH staking and taps DeFi growth. Bit Digital runs an institutional-grade validator network and joined the Strategic ETH Reserve consortium with BioNexus Gene Lab and SharpLink. This move converts its treasury to Ethereum and positions the company to benefit from network upgrades, growing on-chain activity, and rising institutional demand for diversified, high-yield crypto assets.

The US Treasury’s Office of Foreign Assets Control (OFAC) has reversed its 2022 sanctions on Tornado Cash, the Ethereum-based privacy tool. In July, the Eleventh Circuit Court of Appeals dismissed Coin Center’s challenge and vacated the original sanctions ruling as moot. Coin Center argued that sanctioning open-source code exceeded OFAC’s authority. Despite the OFAC sanctions lift, Tornado Cash developers still face legal risk. Roman Storm goes on trial July 14 in New York on money laundering facilitation and AML violation charges, with potential sentences up to 45 years. In the Netherlands, co-founder Alexey Pertsev is appealing a 64-month laundering conviction after his supervised release in February 2025. Developer Roman Semenov remains at large. A brief from venture fund Paradigm supports Storm’s defense. Crypto traders should watch how these legal outcomes affect Tornado Cash usage and the TORN token’s market sentiment.

Bitcoin price has climbed above $107,000 and has been trading between $100,000 and $110,000 for over 50 days, but key derivatives indicators point to a potential breakout. Futures premiums are rising, funding rates are positive, and the put/call ratio has dipped, while open interest continues to grow, reflecting fresh inflows. Institutional traders, according to QCP Capital, are buying September expiry $130,000 call options and holding 115,000–140,000 call spreads, signalling a bullish outlook for Q3. However, profit-taking by long-term holders has offset spot ETF inflows, extending the consolidation phase. Macro factors including U.S. tariff hikes, persistent inflation, geopolitical instability, and the upcoming Fed June minutes add volatility catalysts. Traders should watch for a decisive break above $110,000 resistance, manage risk with stop-loss orders, and consider high-strike call options if Bitcoin price breaks out.

Bitcoin accumulation by corporations and institutional investors has accelerated this quarter. France’s The Blockchain Group added 116 BTC (€10.7 million), the UK’s Smarter Web Company bought 226 BTC (£17.9 million), and US firm Semler Scientific purchased 187 BTC (~$20 million). Meanwhile, Japan’s Metaplanet and Semler Capital led the latest institutional wave, acquiring 1,200 BTC and 800 BTC respectively in March. Combined, these entities now hold over 15,000 BTC, with Semler’s treasury rising to 4,636 BTC and Metaplanet’s to 5,000 BTC. These coordinated purchases coincide with Bitcoin trading near $30,000, up 5% this week. On-chain metrics show whale addresses increasing balances and reduced exchange outflows. The trend highlights growing corporate Bitcoin adoption and institutional confidence ahead of the upcoming halving event. Traders view the surge in Bitcoin accumulation as a bullish signal for price stability and long-term demand. Continued institutional buying could underpin future gains and reduce volatility.

TON Foundation has denied any official partnership with the UAE Golden Visa program, clarifying that visa issuance remains solely under UAE authorities and legal frameworks. In a press release, the Foundation said it is exploring residency-linked investment offerings with a licensed partner but emphasized that all Golden Visa approvals must come from the UAE government. The statement also warned of fraudulent schemes misusing the TON Foundation logo, outlined legal actions against unauthorized branding, and urged stakeholders to verify news through official TON channels. Crypto traders should conduct due diligence amid rising crypto regulation to avoid scams and respond to potential short-term price fluctuations in TON tokens.

Elon Musk has launched the America Party, a centrist movement that will accept Bitcoin donations after 80.4% support in an X poll. Declaring fiat “hopeless,” Musk aims to use Bitcoin for campaign finance and attract “the 80% in the middle.” Former President Trump dismissed the initiative as a “train wreck” and warned it could split Republican votes. Separately, Musk’s xAI raised $10 billion, underscoring his growing influence. Meanwhile, BTC Bull Token (BTCBULL) plans real BTC rewards at key milestones ($150K, $200K, $250K) and token burns at midpoints to boost scarcity. The presale raised over $8.4 million and the token is now trading on Uniswap. With Arthur Hayes projecting Bitcoin may reach $250K this year, BTCBULL’s airdrop and burn mechanisms may spark bullish momentum among traders.

Crypto markets face heightened volatility this week as multiple US macroeconomic events and policy deadlines converge. On Tuesday, the consumer credit report—forecast to show a $10 billion rise—may signal shifts in borrowing behavior and capital flows into cryptocurrencies. Wednesday’s Federal Reserve minutes will reveal the committee’s views on rates and inflation; hawkish language could strengthen the dollar and curb crypto volatility, while dovish hints may spark fresh crypto volatility. Traders should also monitor initial jobless claims for labor-market insights and rate-cut expectations. The US reciprocal tariffs deadline on July 9 adds another catalyst, with negotiations pending with India, the UK, and Vietnam likely to influence investor sentiment. Fed officials (Mauselman, Waller, Daly) speak on July 10, and US CPI data due later this month will further impact price trends. Crypto volatility may spike as these events unfold. Additionally, a House subcommittee hearing on digital asset tax policy—“Making America the Crypto Capital of the World”—may offer regulatory clarity and support long-term growth. Corporate earnings from BlackRock and JPMorgan on July 15 could also sway markets. Crypto traders should brace for rapid price swings driven by this packed calendar of Fed minutes, tariffs, macro data, and policy developments.

Crypto market cap surged from $1.3 trillion to $3.36 trillion as trading volume jumped 40%. Initially, altcoins outperformed a consolidating Bitcoin around $31,800, with Ethereum up 7% ahead of the Shanghai upgrade, Solana gaining 9%, and Dogecoin rising 6% on renewed attention. The market momentum accelerated as Bitcoin reclaimed over $109,000. Meme coins Bonk and Floki posted double-digit gains. Positive political signals, including Elon Musk’s “America Party” endorsement of crypto, and bullish technical indicators (13 of 25 metrics flashing green, 12 moving averages signaling strong buy) drove investor appetite. Featured Layer-2 projects and meme tokens, such as Bitcoin Hyper (HYPER) and Token6900 (T6900), saw presale activity with up to 394% APY rewards. Market sentiment turned bullish, suggesting further upside for Bitcoin and high-beta altcoins.

Changpeng Zhao has cast doubt on the TONcoin UAE Golden Visa scheme, which proposes that staking $100,000 in Toncoin for three years, plus a $35,000 fee, secures a 10-year UAE residence permit within seven weeks. No official statement from UAE authorities such as VARA or SCA has confirmed the program. Despite this, TONcoin’s price surged over 11% after Telegram founder Pavel Durov’s endorsement and speculative buying. Zhao’s warning to “trust but verify” highlights the need for regulatory clarity. Traders should approach the TONcoin UAE Golden Visa offer with caution and await official confirmation. The initiative, if real, could boost demand for Toncoin and reinforce the UAE’s position as a crypto hub amid DeFi and tokenized real estate projects.

Ethereum’s reserves on Binance surged to 4.9 million ETH, the highest level since May 2023, hinting at potential selling pressure. Yet U.S. spot demand remains robust, with Ethereum ETFs drawing $148 million on July 3 and net assets topping $10.8 billion. On the four-hour chart, ETH trades in a narrowing triangle between $2,478 support and $2,558 resistance, with neutral RSI and bullish-leaning EMAs. Analysts see a break above $2,560 targeting $2,639–$2,723, while a drop below $2,478 risks $2,388–$2,320. Bitwise projects total ETF inflows may reach $10 billion by year-end, underpinned by tokenized asset use cases and a favorable SEC stance on staking. Traders await a clear catalyst for the next directional move.

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.

Satoshi Nakamoto statue in Lugano’s Parco Ciani was attacked overnight, as vandals used angle grinders to sever its welded base and dumped the bronze figure into Lake Lugano. Police cordoned off the scene, and evidence at the site pointed to industrial cutting tools. Satoshigallery has offered a 0.1 BTC reward for tips leading to the statue’s recovery. Divers from the local municipality retrieved the broken statue from the lake. Satoshigallery confirmed the bronze piece is secure and has outlined plans to restore the public artwork. City authorities will tighten security after tourist foot traffic dipped following the incident. This statue theft is the first major vandalism of the “Disappearing Satoshi” campaign, which has installed 21 Satoshi Nakamoto statues worldwide to symbolize Bitcoin’s 21 million supply cap. Satoshigallery remains committed to casting replicas in new locations.

CFTC and SEC have launched a joint ’crypto sprint’ to implement the White House’s crypto regulation recommendations. Acting CFTC Chair Caroline Pham will work with SEC leaders to execute 18 proposals from the President’s Working Group on Digital Assets. Two plans focus on CFTC actions: issuing guidance to classify cryptocurrencies as commodities and updating rules for blockchain-based derivatives. The remaining measures call for joint rule-making, a regulatory sandbox, and clearer jurisdiction over spot markets for non-security tokens. Pham’s team has met industry stakeholders, withdrawn outdated guidance, and sought feedback on 24/7 derivatives trading and perpetual contracts. Brian Quintenz is pending Senate confirmation as CFTC Chair. The initiative aims to improve crypto regulation, foster DeFi innovation, and strengthen the U.S. as a global crypto hub. Traders can expect clearer rules, greater market stability, and new opportunities in digital asset trading.

South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) will introduce new crypto lending guidelines in August to tighten oversight of leveraged lending. A joint task force, including regulators and the Digital Asset eXchange Alliance, will set leverage limits, define eligible users and assets, and mandate risk disclosures and transparency requirements. The new crypto lending rules address high-risk borrowing services on major exchanges like Bithumb and Upbit, which offer up to 4x collateral loans or 80% asset-value loans. Exchanges must review and adjust high-leverage products ahead of the second phase of the country’s virtual asset regulation. These crypto regulations draw on global best practices to curb speculation, enhance market stability, and strengthen investor protection. Meanwhile, the Bank of Korea is forming a Virtual Asset Team to advance CBDC, stablecoin, and broader crypto asset oversight.

Since its CoinMarketCap listing, Ruvi AI’s presale has raised over $2.6 million by selling 205 million RUVI tokens to more than 2,500 holders. Whales have snapped up 70% of Phase 2 at $0.015 each. The project combines blockchain and AI to deliver real-world utility, including AI-driven marketing tools, instant on-chain payouts and audience analytics. A CyberScope audit confirms its secure smart contracts. Phase 2 tokens remain at $0.015, with planned increases to $0.02 in Phase 3 and $0.07 at presale end, implying up to 5× short-term returns. Analysts forecast a $1 price post-exchange listing for a potential 66× ROI. VIP investment tiers reward large stakes with up to 100% bonus tokens. Purchases are streamlined via WEEX Exchange, lowering entry barriers. Strong presale metrics, whale activity and institutional interest signal bullish prospects for traders eyeing early entry.

NFT sales surged 47.6% month-on-month to $574 million in July, making it the second-highest monthly total of 2025. Driven by a 62% Ethereum rally to $3,900, the average sale price climbed to $113.08, a six-month high. Total trades fell 9% to 5 million, while unique buyers dropped 17% to 713,000 and unique sellers rose 9% to 405,000, indicating market consolidation around premium assets. NFT market capitalization jumped 21% to $8 billion. Top collections by volume included CryptoPunks ($69.2 million), Pudgy Penguins ($55.5 million) and Polygon’s Courtyard ($23.8 million), with Pudgy Penguins’ floor price up 65.4%. Meanwhile, NFT lending volumes collapsed 97% from $1 billion in January 2024 to $50 million in May 2025 as major platforms shut down. Traders should watch NFT market momentum and Ethereum price action for short-term opportunities and long-term asset consolidation trends.

The US Securities and Exchange Commission has delayed its decision on the Trump-backed Truth Social Bitcoin ETF to September 18, pushed Grayscale’s Solana Trust approval to October 10 and extended a proposed Litecoin ETF review into later October. The extensions give the SEC more time for detailed compliance checks, market impact assessments and to address ongoing litigation. Commissioner Hester Peirce warned that ETF approvals may slow amid regulatory uncertainty. If approved, the Truth Social Bitcoin ETF would become the first crypto exchange-traded fund linked to a sitting US president, raising ethical concerns from Senators Elizabeth Warren and Jeff Merkley. Meanwhile, former President Trump signed the GENIUS Act to regulate stablecoins and directed Fannie Mae and Freddie Mac to accept unconverted crypto as mortgage collateral. Traders should monitor how these ETF delays affect market sentiment, potential inflows and trading volumes as the SEC balances innovation with investor protection.

Ethereum ETF inflows topped Bitcoin ETFs over six trading days, drawing $2.39B versus $827M. BlackRock’s ETHA led with $1.79B (75%), and Fidelity’s FETH set a $210M single-day record. Meanwhile, Bitcoin ETFs saw a $131M outflow, ending a 12-day inflow streak. Institutional demand strengthened as BitMine Immersion Technologies added $2B in ETH, lifting corporate holdings to 2.31M ETH (~1.9% of supply). On-chain data and technical analysis reinforce the bullish case. Bitcoin formed a falling wedge targeting $134,106 (+16%), while Ethereum traces a descending triangle aiming at $4,832 (+33%). Analysts at Swissblock expect Ethereum ETF inflows to maintain momentum into the next market phase. Michael Novogratz forecasts ETH will outperform BTC and hit $4,000 soon. These robust Ethereum ETF inflows, combined with institutional adoption and positive technicals, underscore a bullish outlook for ETH trading.

Tether USDT expansion accelerates after the U.S. GENIUS Act establishes a federal licensing framework for stablecoin issuers. CEO Paolo Ardoino confirms the firm will introduce a regulated USDT stablecoin tailored for institutional payments, interbank settlements, and trading, reinforcing its growth strategy in both the U.S. and emerging markets. Tether USDT expansion efforts will focus on maintaining private ownership and rigorous regulatory compliance, including enhanced disclosures, reserve audits, and anti-money laundering standards. The initiative heightens competition with major banks—Bank of America, Citigroup and Wells Fargo—planning their own stablecoins. Tether underscores its technological edge and market expertise. To ensure audit readiness, it appointed Simon McWilliams as CFO, aiming to secure a Big Four audit before broadening its U.S. stablecoin services.

The U.S. Bankruptcy Court has approved a major update to the FTX creditor distribution plan, reducing the disputed claims reserve from $6.5 billion to $4.3 billion and unlocking $1.9 billion for payouts. Under the revised reorganization plan, the next FTX creditor distribution is set to begin on September 30, 2025, with an August 15 record date for Class 5 customer entitlements, Class 6 general unsecured claims and select convenience claims. Distributions will be handled by BitGo, Kraken and Payoneer. Claimants must complete KYC verification, submit tax forms and register before the deadline to secure funds. This release follows the confirmed plan to repay up to $16.5 billion in principal plus 9% interest. Some creditors in China and Russia continue to challenge valuation methods that use November 2022 crypto prices instead of current market values. These developments mark a key step in the FTX bankruptcy proceedings, improving transparency, accelerating crypto recovery for users and reducing uncertainty for stakeholders.

Crypto futures liquidation surged in recent days, with $727M wiped out in one 24-hour period. A separate crypto perpetual futures liquidation event then saw $258M forced closures across major tokens. Ethereum led with $149.8M liquidated—85% from long positions. Bitcoin saw $67.4M (77% longs) and Solana $41.6M (92% longs). High leverage, extreme market volatility, and missing stop-loss orders triggered a cascade of automatic liquidations. These crypto perpetual futures liquidation events often amplify selling pressure and spike funding rates across exchanges. To manage risk, traders should cap leverage under 10x, set stop-loss orders, maintain healthy margin buffers, diversify holdings, and prioritize robust risk controls.

MAGACOIN FINANCE has attracted over 1,537 verified wallets in 72 hours. Traders cite its capped token supply, full smart contract audits by HashEx and CertiK, and 100% presale bonus. The memecoin’s staking rewards and upcoming exchange listings boost speculation. Meanwhile, XRP climbed 9% amid ETF speculation, Ripple partnership expansions, and rising cross-border remittance flows. Hedera (HBAR) jumped 33.2% after a Kraken listing and CBDC pilot, and Chainlink (LINK) gained 6.8% on increased derivatives volume, highlighting a broader altcoin rotation. In recent sessions, traders are rotating capital from XRP into MAGACOIN FINANCE, chasing high-beta meme coin returns. With its disciplined tokenomics and viral momentum reminiscent of early DOGE and SHIB cycles, MAGACOIN FINANCE is viewed as a potential 30× altcoin opportunity. While XRP remains a long-term value play pending SEC clarity, short-term prospects favor this speculative meme token surge.

Asymmetric, a leading crypto hedge fund, has closed its Liquid Alpha Fund after substantial losses. The Liquid Alpha Fund suffered a $10 million drawdown, slashing investor portfolios by 78% in the first half of the year. Founder Joe McCann attributed the setback to market consolidation, regulatory uncertainty and competition from high-frequency trading. The firm will pivot from liquidity trading to long-term blockchain infrastructure investments. The new strategy targets layer-1 networks such as ETH, SOL and AVAX; layer-2 scaling solutions ARB and OP; DeFi protocols; Web3 development tools; plus security and auditing services. This shift reflects a broader industry trend prioritizing foundational projects over short-term token speculation. Traders should watch infrastructure token performance and reassess risk models. Asymmetric’s move may prompt other crypto investment firms to rebalance strategies and deploy patient capital to capture sustainable growth.

Traditional firms including agritech Nature’s Miracle, consumer manufacturer Upexi and Japanese recycler Kitabo have allocated over $42 million in digital assets as part of a crypto treasury strategy. Nature’s Miracle committed $20 million to XRP. Upexi purchased 83,000 SOL tokens (≈$16.7 million). Kitabo plans to acquire ¥800 million (≈$5.6 million) in Bitcoin. This move broadens crypto treasury diversification beyond Bitcoin to include altcoins. Companies pursue crypto treasury to hedge fiat inflation and tap upside potential. However, analysts warn of risks. Breed’s report highlights that small BTC price drops could trigger liquidation spirals among overleveraged treasuries. Altcoin holdings may face drawdowns up to 90% per cycle. Underperformance could lead to credit squeezes and investor lawsuits. Firms must address regulatory scrutiny and establish robust risk frameworks. As corporate crypto treasury adoption grows, treasury managers are balancing innovation with prudence. They assess liquidity, compliance and the long-term viability of each asset. For traders, this trend underscores rising institutional interest in digital assets. It also reinforces the need to monitor market volatility and evolving regulations.

Since early July, PENGU whales have amassed roughly 200 million tokens, driving price from $0.0466 down to support near $0.0410. On-chain indicators show RSI at 35 and a bearish MACD cross, but positive volume deltas suggest dip buyers are active around the 38.2% Fibonacci retracement. The NFT floor price for Pudgy Penguins soared from under 10 ETH to about 16.2 ETH on a 247% volume spike, highlighting growing NFT utility. Derivatives data from Coinglass reports PENGU open interest up 35% to $591 million and volume surging 291% to $4.43 billion, signaling strong bullish positioning. The token’s RSI has rebounded to 64, remaining below overbought levels. Traders eye resistance at $0.0380, near the 1.618 Fibonacci extension, while supports lie at the 0.786, 0.618 and 0.500 levels. Analyst Muro’s chart shows a clean trendline breakout and retest, pointing to sustained upside. However, elevated open interest raises liquidation risk on sharp pullbacks. Institutional interest is rising too, with Canary Capital filing for a PENGU/NFT ETF.

Nasdaq-listed SharpLink Gaming has increased its Ethereum treasury to 360,807 ETH by purchasing 79,949 ETH at an average price of $3,238 between July 14–20, funded by a $96.6M at-the-market share issuance. Since June 2, the firm has generated 567 ETH in staking rewards, raising its ETH per-share metric to 3.06. Backed by Ethereum co-founder Joseph Lubin, SharpLink praised the GENIUS Act for regulatory clarity and retains unused capital for further ETH buys. Crypto miner BitMine (NYSE: BMNR) also launched ETH options trading on NYSE to boost liquidity and support its goal of holding 5% of global ETH supply. Traders should watch evolving Ethereum treasury strategies, as staking yields underpin institutional demand, but price volatility and future ATM issuances pose dilution risks.

The Bank of England has paused its central bank digital currency (CBDC) project for the digital pound and is urging commercial banks to improve payment innovation. Governor Andrew Bailey said a digital pound is unnecessary if private payment providers can deliver faster, consumer-focused solutions. The initiative remains “in development” and has drawn over 50,000 consultation responses citing privacy concerns and potential bank runs. Globally, only the Bahamas (Sand Dollar) and Nigeria (eNaira) have fully launched CBDCs, while most countries are in pilot or research phases. People familiar with the matter say the BoE is exploring alternatives, favoring private-sector payment systems over a public CBDC. This shift delays the digital pound launch and highlights a strategic move towards private solutions. Traders should monitor emerging partnerships between fintech firms and banks as private payment platforms gain momentum.

Citadel Securities, the world’s largest market maker, has urged the U.S. Securities and Exchange Commission to regulate tokenized securities under the same framework as traditional equities. In a letter to the SEC Crypto Task Force, Citadel warned that broad exemptions for tokenized securities risk regulatory arbitrage, liquidity fragmentation and counterparty exposure. It rejected a regulatory sandbox and called for formal rulemaking, including cost‐benefit analysis and public input. The firm emphasized that tokenized securities must uphold core investor protections—best execution, transparency and fair access—and recommend mandatory disclosures on issuer identity, attached rights and alignment with underlying stock prices. Citadel also cautioned about investor confusion over voting rights and taxation. Finally, it stressed that tokenization should deliver genuine innovation, such as instant settlement and fractional ownership, without compromising market integrity, and urged coordination between the SEC, CFTC and overseas regulators to close loopholes.

SpaceX has executed its first on-chain Bitcoin transaction since 2021, consolidating 1,308 BTC (approx. $153 million) from 16 legacy P2PKH addresses into a single SegWit P2WPKH wallet, according to Arkham Intelligence. On-chain analytics show the funds moved to an unknown address rather than an exchange, indicating an internal custody swap rather than a sale. The consolidation aims to streamline fund management and cut future transaction fees. This move comes amid growing political scrutiny—Pentagon officials are diversifying suppliers for the $175 billion Golden Dome missile defence programme, and the previous US administration considered reviewing SpaceX contracts. SpaceX now holds nearly 7,000 BTC (over $800 million), while Tesla’s 11,509 BTC position remains untouched for nine months. Traders view the activity as a rotation of wallets, not a sign of an impending sell-off, underscoring continued long-term confidence in Bitcoin as a corporate treasury asset.