Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XYZVerse is launching a meme coin presale at $0.0052, featuring a deflationary model with a 17.13% token burn, 15% liquidity allocation and community incentives to support price stability. Partnerships with sports influencers aim to boost social engagement. Analysts project a post-presale price of $0.10 (~20× gain), with a first-week all-time high of $0.25 if XYZVerse secures listings on major exchanges like Binance and OKX. Longer-term forecasts place XYZVerse between $0.20 and $0.40 within 6–12 months, contingent on successful partnerships and market momentum. Competing against established tokens such as XRP and BONK, XYZVerse will rely on exchange listings and community growth during the bullish altcoin season. Traders should monitor token burn rates, liquidity allocation and listing updates to assess speculative gains and execution risk.

Ripple Labs and the U.S. SEC dropped all appeals in the Second Circuit, confirming the July 2023 ruling that institutional XRP sales violated securities laws while retail trades remain outside SEC jurisdiction. The legal settlement removed a major overhang for XRP. On August 8–9, XRP fell 5% from $3.34 to $3.20 before buyers defended this key support. Trading volume spiked to 209.7 million XRP in a single hour, highlighting renewed market volatility. Resistance sits between $3.31 and $3.33, capping recent gains. Technical indicators show a bullish pattern above $3.28; a clear break above $3.33 could trigger further upside toward targets at $3.85, $4.20 and $4.50. Short-term traders should monitor volume and profit-taking at resistance. Over the long term, legal clarity may drive XRP adoption among U.S. institutions and retail investors, potentially pushing prices to multi-year highs within 12–18 months.

XYZVerse meme coin surged 3300% in its presale, raising over $15 million. The token price climbed from $0.0001 to $0.005 in early rounds. The next presale stage offers XYZVerse at $0.01, with a final close price of $0.02. Upon listing on major CEX and DEX platforms, a target listing price of $0.10 could yield up to 1000× returns for early investors. The project roadmap includes strategic CEX and DEX listings, regular token burns, and 10% of total supply reserved for airdrops. XYZVerse combines sports and Web3 with gamified products and an on-chain sportsbook. This utility positions the token for strong community growth among sports fans and crypto traders. Market context sees Bitcoin (BTC) preparing for its 2025 halving, which may tighten supply, while Ethereum (ETH) advances through Proof-of-Stake, Layer 2 rollups, and future sharding. Cardano (ADA) focuses on energy-efficient staking and low fees, and Solana (SOL) competes on speed and cost for gaming and high-throughput projects. Analysts say XYZVerse’s performance could trigger the next altcoin rally, though they warn that market cycles and regulatory factors may affect long-term stability.

Over the past 24 hours, Dogecoin (DOGE) rallied 4% as whale accumulation exceeded $200 million, lifting price from $0.22 to a peak of $0.23. This Dogecoin rally attracted strong bid-side volume of 262.2M DOGE at $0.22 support. Supply pressure and peak selling volume of 780.9M DOGE at the $0.23 resistance zone triggered profit-taking. Late-session institutional selling led to a brief 1% pullback to $0.227, underscoring short-term volatility. Technical indicators highlight $0.22 as a key floor and $0.23 as a near-term ceiling. Traders should watch for a decisive break above $0.23 for continued bullish momentum or a retest of $0.22 support.

BlackRock has confirmed it will not file for a spot XRP ETF or a Solana (SOL) ETF after the Ripple-SEC settlement. A spokesperson told The Block that these altcoin ETFs are not on its roadmap due to limited client demand and strict eligibility rules. This reinforces BlackRock’s focus on its existing spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the US. Executives including Head of Digital Assets Robert Mitchnick and CIO Samara Cohen highlighted barriers such as regulatory criteria, liquidity requirements and investor profiles that make a spot XRP ETF or Solana ETF unlikely. Bloomberg analyst Eric Balchunas adds that expanding beyond BTC and ETH could yield diminishing returns for fund providers. While the SEC continues to review various altcoin ETF proposals, the lack of support from major asset managers like BlackRock reduces near-term catalysts for XRP and SOL. Traders should note that the absence of an XRP ETF and a SOL ETF may limit price upside but could also curb volatility, keeping attention on future regulatory developments and other ETF filings.

Bitcoin spot ETF net inflows reached $404 million on August 8, marking the third consecutive day of positive flows and the largest single-day investment since July 17. BlackRock’s IBIT led with a $360 million inflow, while Fidelity’s FBTC and Grayscale’s mini BTC saw $30.49 million and $13.41 million, respectively. Cumulative assets under management for IBIT and FBTC now stand at $57.786 billion and $12.028 billion. Total AUM of all Bitcoin spot ETFs climbed to $150.697 billion, or 6.48% of Bitcoin’s market cap, with historical net inflows of $54.426 billion. These sustained inflows signal growing institutional adoption and strong investor confidence in Bitcoin spot ETF products. Traders should monitor ETF net flows as a key market sentiment indicator, as continued demand may support Bitcoin price stability, though volatility persists.

US spot Bitcoin ETFs saw a net inflow of $280.7 million on August 7, led by BlackRock’s IBIT with $156.6 million. Fidelity’s FBTC added $43.4 million, VanEck’s HODL $21.5 million, Grayscale’s GBTC $18.5 million and Bitwise’s BITB $17.2 million. ARK Invest’s ARKB recorded a small $0.4 million outflow. Meanwhile, spot Ethereum ETFs attracted $222.3 million. BlackRock’s ETHA topped inflows with $103.5 million, followed by Grayscale’s ETH $34.6 million and Fidelity’s FETH $31.8 million. Hong Kong’s Bitcoin and Ethereum ETFs showed minimal activity. Sustained ETF inflows reflect growing institutional demand for regulated crypto exposure. Traders monitoring spot Bitcoin ETF flows may anticipate potential price momentum for Bitcoin.

Tornado Cash developer Roman Storm has received a surge in donations for his legal defense fund after a partial jury verdict. The jury deadlocked on money laundering and sanctions-violation charges but convicted him under Section 1960 for operating an unlicensed money transmitter. The Ethereum Foundation pledged to match contributions up to $500,000, boosting support. His team plans to appeal the Section 1960 verdict and await the DOJ’s decision on retrying the two hung counts. Experts Aaron Brogan and Brandon Ferrick anticipate an appeal over Section 1960’s application and expect the DOJ to forgo retrial on laundering charges. Storm initially set a $1.5 million fundraising goal to cover rising legal costs. Industry leaders warn this case could shape future legal risks for open-source, privacy-focused DeFi and blockchain projects, making it a key watchpoint for crypto traders tracking developments around Tornado Cash.

CrediX, a Solana-based DeFi lender, reported a $4.5 million exploit on August 4, 2025, after attackers compromised an admin wallet. Blockchain security firm PeckShield confirmed the exploit leveraged POOL_ADMIN and BRIDGE roles to mint unbacked tokens and drain liquidity. The team initially pledged a white-hat style arrangement and a 10% fee reimbursement but went silent days later. The CrediX website remains offline and the official X account has not posted updates, fueling suspicions of a rug pull exit scam. This Solana exploit underscores persistent exit scam risks in DeFi and highlights the need for robust admin-key security and bridge monitoring. Traders should review key management practices and watch for unusual liquidity movements to guard against similar attacks.

BOB, a next-generation Bitcoin Layer 2 DeFi project, has raised a total of $21M through seed, angel and strategic rounds led by Castle Island Ventures, Ledger Cathay Fund, and new backers including Anchorage, Amber Group and Sats Ventures. The funding will accelerate development of its hybrid chain platform, combining Bitcoin finality with EVM-compatible DeFi via BitVM and billions in staked BTC. Key milestones include a native Bitcoin DeFi testnet, the first hybrid zk-rollup blending optimistic and zero-knowledge proofs, and Fireblocks integration for institutional access. BOB plans to launch BTC-collateralized bridges and liquidity solutions to tap into an estimated $750B of latent capital. Designed to enable native Bitcoin DeFi without wrapped tokens, BOB’s Layer 2 infrastructure aims to bolster liquidity and security through staked BTC collateral and multi-signature bridges. The fresh capital is set to fast-track a mainnet launch, potentially driving substantial growth in the Bitcoin DeFi ecosystem.

BlackRock is preparing to file for an XRP ETF—likely under its iShares brand—after the Ripple vs. SEC lawsuit was jointly dismissed in the U.S. Court of Appeals. Analysts from Bloomberg, including Eric Balchunas and James Seyffart, now peg approval odds at around 95%, with a potential launch in H2 2025. This move would expand BlackRock’s crypto ETF lineup beyond IBIT (Bitcoin) and ETHA (Ethereum), unlocking new institutional capital. Spot Bitcoin ETFs have amassed over $222 billion AUM in 2024, and Canada’s Purpose XRP ETF drew $37 million in initial inflows. Polymarket traders assign an 88% chance of a U.S. XRP ETF debut by year end. XRP futures open interest has jumped 36% to $4.91 billion, signaling strong market anticipation. With only a $125 million fine held in escrow as a remaining hurdle, a BlackRock XRP ETF could boost liquidity, investor demand, and reinforce bullish momentum in the altcoin sector.

On August 8, US President Donald Trump signed an executive order allowing 401(k) crypto investments, potentially unlocking up to $12.5 trillion of retirement funds for digital assets. The move triggered a rally: Ethereum climbed 5.7% above $3,900, Bitcoin gained 2% near $117,000, and XRP surged 12.8% after resolving its SEC dispute. A stronger-than-expected jobless report further boosted rate-cut expectations, fueling market optimism. Institutional support is growing. BlackRock has plans to launch a crypto-friendly target-date retirement fund by H1 2026. Easing Russia–Ukraine tensions also lifted PayFi, DeFi, meme, and RWA tokens, underscoring a broader bullish trend. However, analysts warn of extreme volatility, potential fraud, unclear regulations, and high fees. Advisors recommend limiting 401(k) crypto exposure to a small share of a diversified portfolio. Traders should weigh long-term growth prospects against short-term risks before reallocating retirement assets.

OpenAI has launched GPT-5, its most advanced AI model, featuring an integrated real-time router for autonomous reasoning. GPT-5 automatically triggers deep “thinking modes” for complex tasks, delivering record-breaking benchmark performance and reducing AI hallucinations to just 4.8%, down from 20.6% in GPT-4o. The new GPT-5 also improves code generation, interactive content creation, and voice mode, offering personalized experiences with user personas and custom chat colors. Memory integration with Gmail and Calendar further enhances productivity for developers and traders. Crucially, OpenAI has overhauled API pricing for GPT-5. Input tokens now cost $1.25 per million and output tokens $10—half the price of GPT-4o—while GPT-5 Mini and Nano start at $0.25 and $0.05 per million input tokens. Free users receive five hours of daily GPT-5 access before switching to GPT-5 Mini, and paid subscribers get higher usage limits. With over 5 million organizations adopting GPT-5, including major financial institutions and U.S. agencies, democratized access, lower API pricing, reduced hallucinations and improved autonomous reasoning make GPT-5 a cost-effective AI partner. Crypto traders can leverage GPT-5 for faster code writing, on-chain data analysis, and automated trading strategies, benefiting from improved reliability and autonomous reasoning.

CARV Hackathon attracted over 600 applicants and more than 200 project submissions across four tracks: AI agent infrastructure on the Solana Virtual Machine (SVM), decentralized data orchestration via the D.A.T.A. Framework, modular identity and reputation with CARV ID, and open innovation for consumer agent apps. Twenty-one winning teams, including AI World, Cipher Protocol and NutriMe, showcased real-world use cases ranging from AI-powered health and financial assistants to generative storytelling platforms. CTO Ambero Tu highlighted deep integrations with the CARV ID SDK and structured queries to the D.A.T.A. Framework. COO Victor Yu outlined near-term priorities: scaling Agent ID issuance to build a Unified Reputation Graph, launching an early testnet agent marketplace, and boosting governance through veCARV staking. Winners will receive engineering mentorship, grants, user traffic via CARV Play, and early access to on-chain deployments through the Agent DAO pilot. The CARV Hackathon underscores CARV’s position in the decentralized AI ecosystem. The roadmap milestones for Agent ID and agent marketplaces, combined with growing token utility via veCARV governance, are poised to drive long-term CARV token demand and market activity.

Caldera has partnered with EigenCloud to integrate EigenDA V2 into its rollup engine, boosting data throughput to 100 MB/s and reducing reliance on Ethereum Layer 1. EigenDA V2 creates a dedicated data availability layer inspired by Danksharding, offering guaranteed bandwidth and economic security backed by restaked ETH. Proven in live conditions, it has posted state data for Layer 1 and Layer 2 chains. Available via a one-click option in the Caldera dashboard, EigenDA V2 simplifies new rollup deployments and enables seamless upgrades for existing chains. This integration addresses scalability bottlenecks for enterprises, including payment firms and fintechs, enhancing blockchain performance without sacrificing decentralization or security.

BYDFi has launched the BYDFi Card, a virtual Visa debit card powered by USDT for global crypto spending. Users complete in-app KYC, top up with USDT, activate the card instantly and spend in any Visa-supported currency online or offline via Apple Pay, Google Pay and PayPal. The card features spending limits and real-time transaction tracking, bypassing traditional fiat conversions. Tailored for Web3 users, DeFi traders, content creators and cross-border freelancers, the BYDFi Card simplifies payments for subscriptions, shopping and international services. Early adopters receive an $88 welcome package, 15% spending rebates and a chance to join a $10,000 trading competition. This launch expands BYDFi’s ecosystem from spot trading and perpetual contracts to real-world payments, advancing its goal of seamless crypto-to-fiat infrastructure.

SEC staff have released nonbinding liquid staking guidance, suggesting receipt tokens are not securities but leaving critical legal and tax questions unresolved. The guidance outlines a structure for issuance and staking rewards but does not address formal rulemaking, restaking, cross-chain staking or derivative products. Marinade’s Scott Gralnick warned that without official SEC rules, compliance could face challenges. Lido Labs’ Sam Kim welcomed clarity yet flagged uncertain areas, while SOL Strategies’ Michael Hubbard noted only strictly compliant protocols may gain regulatory approval. Tax issues remain significant: Alluvial’s Evan Weiss highlighted unclear timing for staking rewards taxation and estate tax rules that hinder liquid staking inclusion in ETFs or asset liquidation. Traders and institutions should monitor forthcoming market structure legislation and potential SEC rulemaking to assess regulatory risk when evaluating liquid staking strategies.

Ethereum jumped 6% to $3,854, driving the ETH/BTC ratio up 38.5% in 30 days and rekindling optimism for a broad altcoin rally. Crypto analyst Michaël van de Poppe predicts 200–500% gains for altcoins over the next 2–4 months, while Cas Abbe points to falling exchange supplies and rising institutional interest. Traders caution that historical Q3 returns average just 6.5% since 2016 and that August–September tends to underperform. If Ethereum breaks $4,000, some 817 million ETH shorts could be squeezed, potentially triggering a volatile surge. Analyst Wolf suggests a choppy build-up before any vertical move, and Tom Lee’s $16,000 ETH forecast remains on the table. Investors should monitor market sentiment, supply metrics and seasonal headwinds to gauge rally sustainability.

ProShares has launched the Ultra CRCL ETF (ticker: CRCA), a 2× daily leveraged ETF offering amplified exposure to Circle Internet Group stock. As the issuer of USDC, the second-largest stablecoin by market cap, Circle’s shares have soared nearly 400% since their IPO but retraced over 25% in the past month. Trading commenced on August 6 on NYSE Arca with a starting NAV of $25 and an expense ratio of 1.08%. This margin-free leveraged ETF lets bullish traders double their daily gains on Circle stock without margin requirements. However, compounding effects can magnify losses during downturns. Traders should apply strict risk management and clear exit strategies. The product marks growing institutional interest in structured crypto-linked instruments and broadens regulated digital-asset offerings.

Since early 2024, hackers have hijacked aged YouTube accounts to deploy YouTube scam bots promoting fake trading tools, facilitating a widespread crypto scam with malicious smart contracts. The YouTube scam bots use AI-generated videos, code snippets and fake testimonials to guide victims in funding these contracts with at least 0.5 ETH, only for attacker-controlled wallets to drain the deposits. Analysis shows scam wallets holding between 4.19 and 244.9 ETH, with over 256 ETH stolen to date. SentinelLABS warns traders to verify contract sources, audit code inputs and outputs, and avoid get-rich-quick schemes from social media or influencer videos.

US prosecutors have filed a sentencing memo in Seattle federal court urging ten-year prison terms for HashFlare co-founders Sergei Potapenko and Ivan Turogin after their 2024 guilty pleas to conspiracy to commit telecom fraud. Authorities allege the $577 million cloud-mining service was a classic crypto Ponzi scheme that defrauded roughly 440,000 customers of about $300 million. The founders argue they cooperated with investigators, served 16 months in Estonian detention and point to later cryptocurrency price gains that enabled investors to withdraw $2.3 billion, far exceeding the $487 million in initial contracts. A hearing is set for August 14 before Judge Robert Lasnik. The case underscores mounting US scrutiny of cross-border crypto mining platforms and could shape future enforcement.

CoinJar has rolled out major platform upgrades to streamline portfolio management for crypto traders. The new Portfolio View tracks asset values over time and eliminates the need for external spreadsheets. A consolidated Balances Overview displays cash and crypto holdings across Bundles and Exchange. Users can now review trades, deposits and other account events in the seven-day Recent Activity section. The Recurring Buys screen allows one-stop management of dollar-cost averaging schedules. Real-time Available Balances show spendable funds after reserved amounts. Performance is up to 50% faster on web and mobile. A global UI refresh offers cleaner navigation. CoinJar News is integrated into the home screen for market updates and insights. Upcoming features include profit and loss tracking and dark mode for enhanced user experience.

China’s Ministry of State Security has issued a warning that Worldcoin’s iris-scan data collection poses significant privacy and security risks for users. The MSS highlighted on WeChat that Worldcoin, operated by Tools for Humanity, uses Orb devices to scan irises in exchange for WLD tokens, transferring unique biometric data overseas. The project has already faced regulatory halts in Indonesia and Kenya, and GDPR investigations in Europe. Traders should monitor potential regulatory measures from China, as heightened scrutiny could lead to trading restrictions and weigh on WLD market sentiment.

Derive.xyz reports a surge in crypto options trading as investors flock to put options to hedge downside risk after last month’s rally cooled. For the August 29 expiry, BTC put open interest tops calls by nearly 5×, with half at the $95k strike. ETH put open interest exceeds calls by over 10%, concentrated at $3,200, $3,000 and $2,200 strikes. Spot BTC and ETH have slid 3.4% and 5.4% week-on-week to $114,484 and $3,654. The 30-day skew for both flipped to –2%, signalling demand for downside protection. Implied volatility is 35% for BTC versus 65% for ETH. Derive’s probability model assigns a 25% chance ETH falls below $3,000 and an 18% chance BTC retests $100,000 by month-end. These crypto options strategies underscore trader caution amid Fed uncertainty.

Indonesia’s leading crypto community, Bitcoin Indonesia, presented a proposal to Vice President Gibran Rakabuming Raka to build national Bitcoin reserves through large-scale renewable energy mining. The plan leverages surplus geothermal and hydroelectric power for sustainable Bitcoin mining. Supporters argue this strategy will boost government revenue, create tech and energy sector jobs, and strengthen economic resilience. The proposal also calls for a comprehensive Bitcoin education initiative, including university courses, public awareness campaigns and developer training. Meanwhile, Brazil’s House of Representatives will hold a public hearing on August 20 to debate a bill allowing up to 5% of national treasury funds—about $15 billion—into Bitcoin reserves. The bill has backing from Vice President Alckmin and involves six key institutions, including the central bank and finance ministry. These moves align with a growing global trend—countries like the US, Ukraine, Bhutan and Kazakhstan are exploring Bitcoin reserves to hedge inflation and modernize financial infrastructure.

On August 7, PancakeSwap launched on-chain stock perpetual contracts, enabling DeFi traders to speculate on major U.S. equities—Apple (AAPL), Amazon (AMZN) and Tesla (TSLA)—with up to 25× leverage. These non-expiring derivatives settle in cryptocurrency and operate without intermediaries, KYC or brokerage accounts. Users can go long or short directly from their crypto wallets during U.S. market hours. PancakeSwap’s new stock perpetual contracts broaden access to U.S. equities globally and diversify its DeFi derivatives suite beyond cryptocurrencies. Tokenized stocks and perpetual swaps reflect a growing convergence between decentralized finance and traditional markets. Traders should be aware of high risk: adverse price moves can trigger full liquidations, and short positions may incur losses exceeding the initial margin. This launch is poised to boost PancakeSwap liquidity and trading volume, reinforcing its position in DeFi derivatives.

BDACS, a leading South Korean digital asset custodian, has launched regulated institutional-grade XRP custody in partnership with Ripple. The new service, built on Ripple Custody infrastructure, offers secure storage for XRP and support for the RLUSD stablecoin, integrated with major local exchanges Upbit, Coinone and Korbit. Aligned with the South Korean Financial Services Commission’s roadmap, this move addresses surging institutional demand and paves the way for tokenization and on-chain settlements within the Busan Blockchain Free Zone. BDACS officials also eye partnerships with Avalanche (AVAX) and Polymesh to expand tokenized asset services. The expansion boosts market confidence and positions Korean institutions to capitalize on the projected $16 trillion global digital asset storage opportunity by 2030.

TAO Synergies, the Nasdaq-listed digital asset vault formerly known as Synaptogenix, has built a 42,111-TAO-token treasury on the Bittensor network through purchases and active staking. In July, TAO Synergies invested $10 million to acquire 29,899 TAO at an average price of $334 per token, boosting its position as the largest publicly traded Bittensor treasury. Supported by BitGo custody and staking infrastructure, the firm will continue accumulating TAO to enhance staking revenue and reinforce network security. With Bittensor’s market capitalization near $3.3 billion and TAO trading around $345, TAO Synergies aims to drive token appreciation and shareholder value. Another major holder, xTAO, held 41,538 TAO in July, reflecting rising institutional interest in decentralized AI assets.

Roman Storm, co-founder of Tornado Cash, was convicted on August 6 of conspiracy to operate an unlicensed money transmitting service, marking the first U.S. conviction in the Tornado Cash case. The jury deadlocked on charges of conspiracy to commit money laundering and violating North Korea sanctions, effectively acquitting him on those counts. He faces up to five years in prison at a sentencing hearing later this year. Prosecutors’ bid to revoke his $10 million crypto-backed bail was denied by Judge Katherine Polk Failla, who cited Storm’s compliance and U.S. family ties. Supporters have raised over $3 million for his defense, reflecting the industry’s split over DeFi privacy tools. The mixed verdict underscores escalating regulatory scrutiny of decentralized finance (DeFi) platforms and privacy mixers. U.S. authorities argue Tornado Cash enables money laundering, while advocates warn that aggressive oversight could stifle innovation and user privacy. Traders should monitor potential compliance mandates for DeFi protocols and shifting enforcement trends, particularly around Tornado Cash and privacy-focused tokens. In the short term, the verdict may dampen sentiment for privacy coins, but it also clarifies legal risks for mixer services. Long-term implications include possible new DeFi regulations or intensified enforcement actions. Crypto traders must watch for DOJ retrial decisions and evolving regulatory frameworks that could reshape market structures and trading strategies.