Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Two major crypto whales have opened massive short positions, signaling bearish sentiment for BTC and ETH. On July 8, a Bitcoin whale reopened its fourth $100 million+ BTC short, accumulating 1,097.47 BTC at an average entry of $107,926.60. Through position averaging, it secured $14.2 million in realized gains and now floats $1.605 million in profit, with a $116,510 liquidation price. The same day, an Ethereum whale placed a 50,000 ETH short at $2,725 with 10× leverage, boasting a 100% win rate and floating profits of $9.56 million. This whale previously netted over $20 million unrealized gains from a 40,000 ETH short at $2,200 in mid-June. These large BTC and ETH short positions by whales highlight strategic risk management and may foreshadow near-term downward corrections. Traders should track whale shorts as key indicators of market direction.

Eleventh Circuit Court has dismissed Coin Center’s appeal of the Tornado Cash sanctions. In a joint motion with the U.S. Treasury, the court vacated a lower-court ruling and closed the case, ending this challenge to OFAC’s 2022 sanctions on Tornado Cash addresses. Separate lawsuits by Tornado Cash users backed by Coinbase remain pending. After the appeal was dropped, the TORN token spiked over 14% to $10.55, later settling near $9.47. Peter Van Valkenburgh, executive director of Coin Center, noted the government did not defend its “overbroad interpretation” of sanctions law. Meanwhile, co-founder Roman Storm faces a U.S. criminal trial on money laundering and sanctions violations. Alexey Pertsev has been convicted in the Netherlands, and developer Roman Semenov remains at large.

Ethereum price trades just below key resistance at $2,590–$2,600 after weeks of consolidation in a $2,400–$2,700 range. Ethereum price momentum remains muted, indicating any breakout will need stronger buyer interest. A 0.618 Fibonacci retracement around $2,590 and the midpoint of its broader channel mark a critical barrier. Coinglass data shows liquidity clusters at $2,800 on the upside and $2,350 on the downside. Technical analysis points to a Butterfly harmonic pattern, suggesting a corrective leg C toward $2,226 before a potential leg D drives a rally toward $3,200. Traders should monitor Ethereum price reactions at the $2,600 resistance and key supports at $2,400–$2,500 and the $2,226 level to gauge momentum and adjust positions ahead of a possible altseason surge.

Changpeng Zhao (CZ) has filed a motion to dismiss the $1.7B FTX lawsuit filed by the FTX bankruptcy estate, arguing the Delaware court lacks jurisdiction. The defense notes CZ’s UAE residence and that major entities like Alameda Research operate offshore. CZ disputes proper service of process and asserts U.S. law has no extraterritorial reach. He also rejects any liability for FTX’s collapse and insists Binance’s 2022 FTT token sale was unrelated. The motion aims to block claims over a 2021 share repurchase agreement and set a precedent for cross-border crypto disputes. The court will decide whether the FTX lawsuit may proceed. Traders should watch this case, as its outcome could influence exchange counterparty risk and jurisdiction standards in crypto regulation.

Jupiter has launched Jupiter Lend, its decentralized lending platform on Solana, in private beta on August 6, 2025. Jupiter Lend, developed with DeFi partner Fluid, opens six risk-isolated vaults, each capped at $1 million, offering up to 95% loan-to-value ratios and a minimal 1% liquidation penalty. Borrowers can repay via simple wallet-link, while lenders access one-click Earn vaults with auto-optimized APY. One security audit is complete with three more underway. The public launch, slated for late August, will add Multiply Vaults, custom strategies, broader asset support and incentives from over ten ecosystem partners. Jupiter’s native token JUP climbed 12% on the beta news, reflecting bullish market sentiment.

On August 5, Coinbase’s Base Layer-2 network experienced a 33-minute halt from 06:07 to 06:40 UTC after its Conductor sequencer manager automatically failed over to an unprovisioned backup sequencer. The primary sequencer had slowed, triggering the failover and stalling block production without requiring a chain reorganization. This marks the third sequencer-related interruption since Base’s 2023 launch. With over $4.1 billion in total value locked (TVL), Base’s developers will tighten Conductor’s failover process, enforce configuration checks, upgrade the sequencer framework and onboard independent sequencers to avoid single points of failure and improve network reliability. Crypto traders should monitor Base Layer-2 sequencer health, adjust trading strategies and liquidity provisioning to manage potential transaction delays and fee fluctuations.

BDACS, South Korea’s leading crypto custodian, has launched institutional XRP custody services built on Ripple Custody. The new service integrates with major exchanges Upbit, Coinone and Korbit, complying with the Korea Financial Services Commission’s roadmap. It follows BDACS’s partnership with Ripple in February 2025 and preps support for Ripple’s US dollar stablecoin RLUSD. Retail adoption is growing: a Hana Institute report shows 25% of Koreans aged 20–50 hold digital assets, representing 14% of portfolios, with 70% planning to increase crypto exposure. Traditional banks are filing trademarks for won-backed stablecoins. The XRP custody launch gives institutions secure, regulated storage and seamless exchange access, highlighting rising demand for digital asset custody in South Korea and strengthening XRP’s market infrastructure.

President Donald Trump is set to sign an executive order, dubbed Operation Choke Point 2.0, to curb crypto debanking and ban ideological bias in banking. The order instructs federal regulators – the Federal Reserve, OCC and FDIC – to probe banks that cut ties with crypto firms and conservative groups, potentially violating antitrust, consumer protection or equal credit laws. It mandates the removal of internal “reputational risk” policies used to justify account terminations and empowers the SBA to review lending partners for political discrimination. Non-compliant institutions could face fines, consent decrees and heightened DOJ and Fed scrutiny. Banks have begun updating guidelines, pledging not to factor political risk into banking decisions, while legal experts caution the order may face challenges without new congressional authorization. Crypto companies and traders view the move as a boost to market confidence, lowering crypto debanking risk and improving access to banking services.

Ruvi AI has raised over $2.7 million in its presale since listing on CoinMarketCap, selling 215 million tokens to more than 2,600 holders. Phase 2 is now 75% sold, and the token price is set to jump 33% from $0.015 to $0.02. The AI super app targets the $100 billion content creator market with real-time trend research, automated script generation and multimedia publishing tools. A global partnership with WEEX exchange ensures liquidity and seamless trading. A CyberScope audit confirms secure smart contracts and full transparency. VIP presale tiers offer up to 100% bonus tokens, promising early investors potential ROI of over 9,000%. Analysts say Ruvi AI could rival the early momentum of XRP and Avalanche thanks to its real-world utility and CoinMarketCap visibility. Traders should watch Ruvi AI’s bullish trend and price catalyst.

BitMine Immersion Technologies has added 208,137 ETH in one week, bringing its total Ethereum reserves to 833,137 ETH (over $3 billion). This makes BitMine the fourth-largest crypto reserve firm, trailing only Strategy, MARA Holdings and Twenty One Capital. This aggressive ETH accumulation drove Ethereum’s price up nearly 6% to $3,730 before stabilizing at $3,654, reflecting renewed institutional demand. Led by Fundstrat CIO Tom Lee and backed by investors like Bill Miller III, Stanley Druckenmiller and Cathie Wood, BitMine cites softer U.S. labor data and a potential Fed policy pivot as catalysts for further gains. The surge in institutional purchases and tightening Ethereum reserves has intensified competition among reserve firms such as SharpLink Gaming (438,200 ETH) and The Ether Machine. For traders, growing institutional ETH demand and supply constraints signal bullish momentum, suggesting continued price support and upside potential for Ethereum.

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.

Cardano’s community has approved a 96 million ADA (about $71 million) proposal to fund year-long protocol upgrades by Input Output Engineering (IOE). Supported by 74% of voters, funds will be released from Cardano’s on-chain treasury on a milestone basis under Intersect oversight, with monthly reports and quarterly budget disclosures ensuring transparency. Key enhancements target scalability, interoperability and developer experience, including the Ouroboros Leios consensus boost, Hydra layer-2 scaling, Mithril signature aggregation, Nested Transactions and a modular node architecture via Project Acropolis. This marks Cardano’s first direct core development funded through decentralized governance. After the vote, ADA rallied over 8% to $0.7357. Traders will watch milestone deliveries and network metrics as potential catalysts for further price moves.

Metaplanet has acquired an additional 463 BTC for $53.7 million, lifting its total Bitcoin holdings to 17,595 BTC at an average cost of $101,422 per coin. The Japanese-listed firm has filed to issue ¥555 billion (≈$3.7 billion) in perpetual preferred shares over two years to fund its aggressive Bitcoin accumulation strategy en route to a 100,000 BTC treasury by 2027. CEO Simon Gerovich says the perpetual shares will boost long-term shareholder returns and increase Bitcoin per share. In Q2, Bitcoin-related revenue jumped 42.4% year-on-year to ¥1.1 billion ($7.6 million), positioning Metaplanet as the seventh-largest corporate Bitcoin holder globally. Traders should watch for potential BTC liquidity impacts and market reactions to this substantial capital raise.

Tron founder Justin Sun returned safely from Blue Origin’s NS-34 spaceflight on Saturday, after winning the $28 million seat bid in 2021. He flew with five other passengers, including investor J.D. Russell and meteorologist Deborah Martorell. During the brief suborbital flight, Sun described the “overview effect”, highlighting Earth’s fragility and urging planetary protection. In January 2024, Filecoin and Lockheed Martin tested the Interplanetary File System (IPFS) protocol, sending data via satellite to reduce delays and shield information from solar radiation. Then in December 2024, DePIN network Spacecoin XYZ launched its first satellite to enable blockchain-based communications in orbit. These milestones underline the growing intersection of blockchain and space exploration. Traders may watch TRX and FIL tokens as demand for decentralized storage and space-based data transmission expands.

Arkham Intelligence has uncovered the LuBian Bitcoin hack, the largest unreported crypto heist to date. On December 28, 2020, hackers exploited a weak private key generation algorithm at Chinese mining pool LuBian to brute-force wallets and steal 127,426 BTC (about $3.5 billion at the time). Approximately 90% of the pool’s holdings were siphoned off, while 11,886 BTC were secured in recovery wallets. Arkham used blockchain forensics—tracking OP_RETURN messages in 1,516 transactions—to map the on-chain flow and confirm the total theft. Now valued at roughly $14.5 billion, the stolen Bitcoin remains active. This incident underscores the critical need for robust private key management, hardware wallets, multi-signature setups and regular security audits to protect digital assets.

Ruvi AI Presale has accelerated since its CoinMarketCap listing. The presale now sells over 1 million RUVI tokens daily at $0.015 each. Phase 2 of the Ruvi AI Presale is 70% sold, raising $2.6M so far, and the price will jump 33% to $0.02 at phase close. Analysts compare its growth to Solana and predict Ruvi AI could reach a $1 valuation. The project offers AI-powered business solutions, transparent creator payments, and multi-industry compatibility. Security is backed by a CyberScope audit. Early backers benefit from VIP tiers with up to 100% bonus tokens and leaderboard rewards. With tokens selling out quickly and a looming price increase, the Ruvi AI Presale presents a bullish trading opportunity.

Hong Kong stablecoin regulation took effect on August 1, 2023, establishing a licensed framework for HKD- and USD-pegged tokens. Issuers must register locally with the HKMA, hold at least HKD 25 million in paid-up capital, maintain full reserves, segregate customer funds, enable instant redemptions and undergo regular audits. To ensure market stability, initial licenses will be limited and approvals begin in early 2026; firms must signal intent by August 31, 2025 and submit full applications by September 30. Misleading marketing by unlicensed issuers is banned and subject to penalties. Major players—Standard Chartered (with Animoca Brands and HK Telecom), JD.com and Ant Group—are preparing applications, while smaller startups face high compliance costs. Approved use cases include cross-border payments, programmable wallets, tokenized assets and loyalty programmes. This Hong Kong stablecoin regulation promises to reinforce Hong Kong’s position as a regulated digital-asset hub and drive broader market adoption.

Pepe Dollar (PEPD) has launched its Ethereum presale, selling 166.9 million tokens in Stage 1 at $0.004688 each. The PEPD presale moves to Stage 2 at $0.006495 ahead of a planned $0.03695 public launch. With a fixed supply of 3.6951 billion tokens and a 29% “Federal Burn” at launch, PEPD tokenomics remove central bank–style inflation. Native on Ethereum, Pepe Dollar combines Layer-2 payment infrastructure, DeFi integrations, and a meme asset minting platform. No developer tax or backdoors boost transparency. As ETH holds above $3,600, the presale’s strong momentum signals capital rotation into utility-driven memecoins, offering traders a fresh DeFi opportunity.

Visa has expanded its stablecoin settlement platform by integrating Avalanche (AVAX) and Stellar (XLM), adding PayPal USD (PYUSD), USD Coin (USDC) and euro-backed EURC. This multi-chain stablecoin settlement solution complements existing support for Ethereum (ETH) and Solana (SOL). Initially, Visa also planned to include Global Dollar (USDG) under the EU’s MiCA framework, while USDC has been tested since 2020. The updated platform aligns with recent US crypto-friendly legislation and the White House digital asset roadmap. Visa stablecoin settlement aims to cut cross-border transfer times from days to under eight hours, lower costs and boost liquidity. Adoption by major payment providers signals growing corporate interest in token-based finance.

JPMorgan Chase and Coinbase are rolling out a multi-phase crypto integration beginning autumn 2025. First, Chase credit cards will fund on-exchange USDC purchases directly through Coinbase, removing third-party delays and ACH wait times. In 2026, customers can link Chase checking accounts via JPMorgan’s API and convert Ultimate Rewards points at a 100:1 ratio into USDC within the Chase interface. The collaboration also includes JPMorgan’s pilot deposit token (JPMD) on the Base network. Institutional clients will gain sub-cent, programmable on-chain settlement. Nearly 80 million users will access seamless fiat-to-crypto transfers and convertible reward points as part of the crypto integration. Regulatory clarity from measures like the GENIUS Act underpins the deal. Analysts foresee new blockchain-based savings, lending and payment products. With firms like BNY Mellon and PNC accelerating crypto integration, the trend marks deeper ties between regulated banks and digital assets.

In early August, Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale and VanEck filed S-1 amendments for Solana Spot ETF proposals with the US SEC. The filings refine prospectus language and clarify management fees, including Grayscale’s disclosure of a 2.5% fee payable in SOL tokens. Market analyst Nate Geraci says the amendments reflect ongoing dialogue with regulators to perfect ETF terms. The Solana Spot ETF filings mark a critical move toward potential SEC approval. If greenlit, these ETFs would offer institutional and retail investors regulated access to SOL without direct custody risks. Approval could boost market liquidity and drive SOL demand. Traders should monitor SEC feedback, prospectus updates and the decision timeline, as a timely approval could serve as a significant catalyst, echoing the bullish momentum seen in Bitcoin Spot ETF launches.

Visa has expanded its stablecoin settlement platform by integrating Global Dollar (USDG), PayPal USD (PYUSD) and Euro Coin (EURC). The update adds Stellar and Avalanche support alongside existing USDC rails on Ethereum and Solana. Users can now send, receive and convert stablecoin payments to fiat across these networks. The expanded stablecoin settlement services come amid clearer U.S. stablecoin regulations and growing institutional demand. Total stablecoin market capitalization has topped $256 billion. Competitors such as Mastercard, Walmart and Amazon are launching tokenized payment solutions, while banks like JPMorgan and Bank of America test stablecoin rails for faster, near-instant settlements. By broadening its offerings, Visa strengthens its digital asset strategy, boosts blockchain payments and solidifies its position in the crypto settlement market.

Grayscale has launched the Story Protocol IP Trust, a single-asset fund providing accredited investors with regulated exposure to the native $IP token. Integrating on-chain licensing, attribution and royalty streams, the IP Token Trust secures intellectual property rights in the AI era. Story Protocol processes over 1.7 million IP transactions monthly, spanning music royalties to robotic surgery data. Targeting the $80 trillion IP market, the trust offers blockchain-based access to a traditionally opaque sector. Pending regulatory approval, it may list on secondary markets. This launch echoes Grayscale’s established Bitcoin (BTC) and Ethereum (ETH) trusts, which hold $21.2 billion and $4.25 billion in AUM, respectively. The move underscores rising institutional confidence in blockchain IP infrastructure. Traders view the Story Protocol IP Trust as a bullish catalyst for $IP token and IP-focused assets.

AllUnity launched the EURAU euro stablecoin on Ethereum following a BaFin-issued EMI licence on July 1, 2025. The MiCAR-compliant token is fully backed 1:1 by euro bank deposits. Initially issued as an ERC-20 token, EURAU enables secure, 24/7 cross-border payments for fintechs, banks and enterprises. Bullish Europe will list EURAU with BTC/EURAU and USDC/EURAU pairs, while Flow Traders provides market making to ensure liquidity. Jointly created by DWS, Flow Traders and Galaxy, the token is supported by BitGo, Metzler Bank, V-Bank, DLT Finance, Fireblocks and 21X. AllUnity plans to expand EURAU to other blockchains in 2025. Euro stablecoins now represent just 0.2% of the $273 billion stablecoin market, with capitalisation at $484–587 million after a 60% rise since December 2024. EU officials, including ECB adviser Jürgen Schaaf, call for coordinated rules to boost euro digital assets.