Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitwise CIO Matt Hougan says the SEC crypto pivot under Chair Paul Atkins remains underpriced by markets. In a July address, Atkins outlined a pro-crypto vision to integrate blockchain, launch super apps merging trading and payments, and clarify rules via Project Crypto. Since Trump’s election and Gary Gensler’s exit, Bitcoin and other tokens have rallied. Hougan calls Atkins’ speech the most bullish crypto document he’s read. He notes that the market has yet to price in rescinded enforcement actions and regulatory clarity, predicting 10x–100x growth in DeFi and trillion-dollar upside for platforms like Coinbase and Robinhood. Traders should reassess portfolios and boost digital asset allocations ahead of further gains driven by this SEC crypto pivot.

Bitcoin ETFs recorded a fourth consecutive day of net outflows on August 5, shedding $196.2 million. Fidelity’s FBTC led with $99.1 million withdrawn, followed by BlackRock’s IBIT ($77.4 million) and Grayscale’s GBTC ($19.7 million). Despite selling pressure from ETFs, institutional investors snapped up the dip, adding about 630 BTC (around $70 million) on the same day, including UK-based Vaultz Capital’s purchase of 47.85 BTC. Bitcoin traded near $114,000 at press time, down from its July peak of $123,100. Market analysts remain divided on the short-term outlook: Fundstrat’s Tom Lee maintains a $250,000 target for 2025, Bitwise’s Matt Hougan predicts a 2026 breakout driven by wider adoption, while Arthur Hayes warns of a possible drop to $100,000 amid macroeconomic headwinds before resuming an upward trend. Trading volatility may rise as net outflows exert selling pressure, but ongoing institutional demand and long-term bullish sentiment suggest potential buying opportunities. Traders should closely monitor Bitcoin ETF flows, institutional buying data and broader market indicators for entry and exit signals.

Three listed companies—Bit Mining, Upexi and DeFi Development—have significantly expanded their Solana (SOL) holdings to capture Solana staking rewards and strengthen network infrastructure. Bit Mining bought 27,191 SOL ($4.5M) and launched a self-operated validator, while Upexi increased its stake from 735,692 SOL to over 2M SOL in July, earning about 8% annualized yield (~$65K daily). DeFi Development added 110,466 SOL, bringing its total to over 1.2M SOL for multi-validator staking. Together, these top four corporate holders control more than 3.5M SOL—0.65% of circulating supply—valued at $591M. BitGo attributes this trend to institutional diversification beyond Bitcoin, with firms raising over $500M to fund Solana reserves and ecosystem infrastructure. This surge in Solana staking is likely to tighten supply and enhance network security, offering bullish prospects for SOL traders.

Indonesia’s Bitcoin Indonesia group has pitched a national Bitcoin reserve to Vice President Gibran Rakabuming Raka’s office. The Bitcoin reserve strategy hinges on Bitcoin mining powered by hydroelectric and geothermal energy. It includes a nationwide Bitcoin education program to drive crypto adoption. The proposal cites Michael Saylor’s price forecasts of US$13 million per BTC in a base scenario and US$49 million in a bull case by 2045. Indonesia’s stable fiscal backdrop, with a 39% debt-to-GDP ratio and 0.76% inflation, supports using Bitcoin as a hedge against future risks. Officials also reviewed recent crypto regulation and tax policy. Crypto trading remains legal, while payments in crypto are banned. Income tax on local trades doubled to 0.21%, foreign trades now taxed at 1%, and VAT on mining rose to 2.2%. These discussions signal growing crypto regulation and long-term economic planning in Indonesia.

Pepeto, a new memecoin combining viral appeal with real blockchain utility, has raised $5.9 million in its Stage 6 presale at $0.000000145 per token. Backed by over 100,000 community members and audited by SolidProof and Coinsult, the project features robust tokenomics: 30% presale, 30% staking rewards with up to 255% APY, 12.5% liquidity, and 27.5% for marketing and development. Unlike typical meme tokens, Pepeto launched PepetoSwap, a zero-fee trading platform, and a cross-chain bridge to tackle high fees and fragmented liquidity. Currently, Pepeto is in advanced talks for a Binance listing within five months, which could significantly boost trading volume and visibility. Analysts forecast a $1 billion market cap, implying up to 6,900× gains if token prices hit $0.001. Traders can participate in the memecoin presale by swapping ETH, USDT or BNB on the official site, positioning Pepeto as a high-reward opportunity in the memecoin sector.

MEXC Ventures has acquired an undisclosed stake in Indonesia’s Triv Exchange, valuing the platform at $200 million. The investment marks a key step in MEXC Ventures’ Southeast Asia crypto expansion. Founded in 2015 and regulated by Indonesia’s OJK and BAPPEBTI, Triv Exchange serves over 3 million users and offers trading pairs like BTC, ETH and USDT, plus memecoins and US stock products. The funding will boost liquidity, expand product lines and upgrade infrastructure, enabling new financial services via CryptoWave Media. Recent regulatory changes—removal of VAT on crypto purchases and adjusted mining and trading fees—helped Indonesia’s crypto trading volume exceed IDR 650 trillion (~$40 billion) in 2023. Analysts say the deal is a bullish signal for the Indonesia crypto market, likely to draw more global firms and strengthen Southeast Asia’s position as a major crypto hub.

In a staff statement, the U.S. Securities and Exchange Commission (SEC) clarified that liquid staking activities and related tokens do not constitute securities offerings under the Securities Act of 1933 or the Securities Exchange Act of 1934. The guidance reduces regulatory uncertainty for proof-of-stake networks and staking service providers, following input from firms such as Jito Labs, VanEck, Bitwise Investments and MultiCoin Capital on planned Solana ETPs. SEC Chair Paul Atkins described the clarification as a key milestone in Project Crypto’s efforts to refine crypto regulation, though he noted it is non-binding. Traders should monitor how DeFi platforms offering liquid staking derivatives respond, as clearer legal boundaries could boost demand for popular tokens and reshape DeFi strategies. This nuanced approach may spur innovation and wider market participation in liquid staking.

Bitcoin veteran Robert Kiyosaki warns of the historical “August Curse,” noting that BTC has fallen in eight of the past 12 Augusts with a median dip of 7.5%. He’s eyeing a buy-the-dip zone below $90,000 and plans to increase his holdings from 73 BTC to 100 BTC by year-end if that level breaks. Bitcoin traded around $112,000–$114,000 in early August and faces resistance at $115,000; analysts see a break above $115,000 unlocking a move toward $118,000, while a drop below $110,000 could trigger further pullbacks. Framing Bitcoin, gold and silver as crisis hedges against U.S. debt and Fed policy risks, Kiyosaki maintains a long-term BTC target of $250,000 by 2025 and views near-term fear as a buying opportunity.

Dreamcash has opened an invite-only waitlist for its new crypto trading platform, integrating Hyperliquid’s infrastructure (over $10 billion in daily volume) for deep liquidity and institutional-grade execution. Scheduled for a September 2025 launch, the mobile-first platform offers frictionless, zero-KYC onboarding. The crypto trading platform combines AI-driven market analysis, delta-neutral yield strategies, and automated strategies to democratize wealth building. A social-style interface grants professional-grade tools and intelligent insights. Early adopters earn points through engagement and referrals. Dreamcash will roll out invitations continuously at dreamcash.xyz, gathering feedback ahead of full launch. Traders can expect streamlined portfolio management and enhanced market access.

AMINA Bank AG, a FINMA-regulated Swiss bank in Zug, has become the first regulated institution to offer institutional SUI trading and custody services. The platform provides compliant, no-volume-cap SUI trading, full deposit and withdrawal governance, and is set to launch staking in the coming months. SUI trading is live at $3.46 amid $1.35 billion 24-hour volume and 1.4% volatility, underlining growing market activity. This move coincides with rising institutional conviction in the Sui blockchain. Total value locked has topped $2.2 billion, and ETF filings by Canary Capital, 21Shares and Bitwise are under SEC and Nasdaq review. Nasdaq-listed Mill City Ventures committed $450 million to a public SUI treasury, acquiring 76.8 million SUI at an average price of $3.64, backed by Pantera, Electric Capital and Galaxy Digital. As a fast, scalable Layer-1 solution, SUI trading and custody services reinforce the token’s appeal for enterprise settlement and broader market adoption.

David Bailey, founder of Bitcoin Magazine and manager at Nakamoto Holdings, is raising up to $200 million to establish a Bitcoin PAC in Washington, D.C. The PAC will lobby for pro-Bitcoin policies, including abolishing capital gains tax on BTC, securing self-custody rights and introducing crypto education in schools. It also incorporates community proposals such as open-source developer protections, allowing foreign debt repayments in Bitcoin and debating a return to full-reserve banking. Bailey aims for long-term Bitcoin price growth toward $10 million and cites Coinbase’s Fairshake — which spent over $130 million in the 2024 cycle — as proof of concept. Legal requirements include FEC registration, appointing a treasurer and reporting expenditures. Critics warn of shareholder backlash and lawsuits over corporate political funding. If successful, this Bitcoin PAC could significantly influence U.S. crypto regulation and market trajectories.

Coinbase has launched a private placement of $2 billion in senior unsecured Coinbase convertible notes, split into $1 billion tranches maturing in 2029 and 2032, with an upsell option of $150 million per tranche to reach $2.3 billion. The convertible notes offer semiannual interest and can convert into Class A shares or cash at predetermined conversion rates. Embedded call options and hedging tools aim to limit equity dilution and offset cash payments above principal. Proceeds will fund working capital, capital expenditure, debt buybacks, and potential acquisitions. Notably, these convertible notes may fund Bitcoin purchases, positioning Coinbase as the first S&P 500 firm to use debt for crypto acquisition. The debt-funded Bitcoin strategy follows a Q2 revenue decline and an 18% drop in Coinbase stock. Benchmark analysts maintain a buy rating, citing long-term growth catalysts. Coinbase also bolstered its Bitcoin reserves to 11,776 BTC.

The U.S. Securities and Exchange Commission (SEC) has issued interim guidance allowing USD-backed stablecoins to be classified as cash equivalents on corporate balance sheets. Under this framework, dollar-pegged stablecoins must maintain a strict 1:1 peg and be fully backed by U.S. Treasury bills with guaranteed redemption rights. The guidance excludes algorithmic and yield-bearing tokens and aligns with the GENIUS Act’s reserve and audit requirements for transparency. While nonbinding, the ruling offers clarity for financial institutions, reduces compliance risk, and simplifies accounting classification. This move could accelerate institutional adoption of stablecoins and bridge traditional finance with digital assets.

The Philippines SEC has blacklisted 10 unregistered crypto exchanges, including Bybit, OKX, KuCoin, Kraken, MEXC, Bitget, Phemex, CoinEx, BitMart and Poloniex, under new August 5 rules. This crackdown on unregistered crypto exchanges aims to protect local investors by stopping unauthorized marketing, potentially issuing cease-and-desist orders, criminal complaints and app-store bans. The SEC will work with Google, Apple and Meta to block promotions and may expand the blacklist. Part of a wider Southeast Asian regulatory tightening—echoed by Indonesia’s tax revisions for overseas platforms—the move could curb offshore liquidity and affect trading volumes. Traders should monitor compliance updates, license status and platform accessibility, as enforcement on unregistered crypto exchanges may prompt asset withdrawals and market volatility.

Since the US spot Bitcoin ETFs launched, Bitcoin volatility measured by 90-day realized volatility has fallen below 40%, marking its lowest level in almost two years. Bloomberg analyst Eric Balchunas notes that implied volatility dipped to 28% in June, while realized volatility ranged between 22% and 25%. This decline comes as BTC price climbed over 250% following BlackRock’s ETF filing. Steady institutional inflows into spot Bitcoin ETFs have created a solid price floor and reduced price swings. The volatility gap between Bitcoin and gold has narrowed to under twice gold’s typical level, highlighting increased market stability. By contrast, Ether volatility remains significantly higher despite the launch of spot ETH ETFs, underscoring that volatility suppression is strongest where ETF flows are largest. Traders may adjust strategies in response to lower volatility and improved market stability.

Binance will temporarily suspend USDC withdrawals on Ethereum, Polygon, Arbitrum, Base and Optimism networks for about two hours on August 6 as part of scheduled wallet maintenance. During this pause, USDC trading remains available and users can withdraw via other supported networks or convert to alternative stablecoins. Services will resume promptly once USDC withdrawals restart. This maintenance follows recent live upgrades to Binance’s wallet infrastructure and past network suspensions on TRON and Cardano. Binance also introduced new features—Discount Buy for advanced crypto purchases at discounted rates and Binance Wallet (Web) with Secure Auto Sign for streamlined desktop trading. Traders should monitor official updates and consider network diversification to enhance asset management and security.

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

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

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

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

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

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

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

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

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

Elon Musk used his AI chatbot Grok to probe Bitcoin’s quantum computing risk and the durability of SHA-256 encryption. Drawing on studies from NIST, IBM and expert surveys, Grok estimates the chance of a quantum attack at near zero over the next five years and under 10% before 2035. Current quantum systems operate around 1,000 qubits — far short of the millions needed for Grover’s algorithm. IBM’s Blue Jay project targets 2,000 qubits by 2033, while Google and Microsoft advance rival platforms. A Deloitte report warns that up to 25% of Bitcoin could become vulnerable without adopting post-quantum cryptography. The Bitcoin network may need to upgrade from SHA-256 to stronger hash functions like SHA-3 or SHA-512, or implement other quantum-resistant protocols. With Tesla and SpaceX holding over $2 billion in Bitcoin, security concerns remain critical for major investors. Traders should monitor quantum computing advances and any protocol upgrade proposals to safeguard long-term network security.

Coinglass data first highlighted BTC liquidation thresholds at $108,279 and $118,809, threatening up to $2.075 billion in long liquidations and $1.662 billion in short squeezes on major centralized exchanges. A later update revised these critical levels to $109,022 and $119,524, with potential liquidations of $1.389 billion in longs and $1.352 billion in shorts. Such mass liquidations can sharply amplify market volatility. Traders should closely monitor these BTC price levels, adjust leverage, set stop-loss orders on CEXs, and refine entry and exit strategies to manage risk and anticipate sudden price swings.

Bitcoin mining difficulty surged to a record 127.6 trillion hashes at block height 908,373, driven by rising network hashrate and renewed miner activity. CoinWarz forecasts a 2–3% downward adjustment to around 123.7 trillion on August 9 as average block time edges above the 10-minute target. The Bitcoin mining difficulty spike enhances blockchain security and underpins Bitcoin’s stock-to-flow ratio—now twice that of gold—but compresses mining profitability. Miner earnings nonetheless reached a post-halving high of $52.6 million per exahash per day, thanks to hardware efficiency gains and sustained price strength. Bitcoin’s price dipped about 4% to test $104,000 amid U.S.-Russia tensions. CryptoQuant data show long-term holders maintain strong unrealized gains, keeping market structure largely bullish, while short-term holders hover near breakeven, raising volatility risk. The upcoming difficulty drop may relieve smaller miners and normalize margins. Traders should monitor miner revenue, block times and network security metrics; price impact is likely neutral in the short term, with long-term stability intact.

Former Chancellor George Osborne warns that the UK’s cautious stablecoin regulation is threatening London’s position as a global digital finance hub. In an FT op-ed, he criticizes Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey for bureaucratic delays and unclear legal frameworks. He calls for decisive action akin to the 1980s Big Bang reforms, including a dedicated crypto task force and expedited stablecoin legislation. Meanwhile, HM Treasury under Reeves is collaborating on stablecoin frameworks, digital pound research and DLT sandboxes to boost innovation. The Bank of England insists on strict money tests and full central bank backing for commercial stablecoins, effectively limiting issuance. With the global stablecoin market exceeding $250 billion and UK participation minimal, clear UK stablecoin regulation will be crucial in the next 1–2 years to secure Britain’s digital asset leadership.