Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

Cardano community has approved a historic 96 million ADA grant (≈$70 M) to Input Output Engineering (IOE) for a year-long core protocol upgrade roadmap. The proposal passed with 74% voter approval, marking the first direct treasury funding for Cardano’s core development. The milestone-based grant, managed by the Intersect governance body, will back enhancements in scalability, cross-chain interoperability, developer tools and performance through projects such as Ouroboros Leios, Hydra and Mithril. Disbursements will be automated via smart contracts and require monthly updates and quarterly budget reports. On-chain developer activity has surged, even as ADA dipped below $0.62, reflecting strong builder confidence. In the market, ADA trades near $0.73, holding support around the 200-day EMA (≈$0.70) and testing the 50-day EMA at $0.72. Technical indicators show improving MACD momentum and tightening Bollinger Bands, suggesting a potential breakout above $0.74 with a target near $0.79. Failure to sustain above the 50-day EMA could trigger a pullback toward $0.68. Traders see this IOE grant as a bullish catalyst that may strengthen Cardano’s network and drive ADA’s price momentum.

TRON founder Justin Sun flew to space aboard Blue Origin’s New Shepard NS-34 mission. He became the youngest Chinese commercial astronaut and the first crypto entrepreneur on a Forbes cover in orbit. Sun’s $28 million 2021 bid funded Blue Origin’s Club for the Future, which awarded $1 million grants to 19 STEAM nonprofits. On the minutes-long flight, he carried 1,000 TRON community wishes, spotlighting blockchain’s reach beyond Earth. The mission underscores growing links between crypto projects and space tourism, boosting TRON’s visibility. Following the event, TRX’s market cap rose to $31.2 billion, while the TRON network hosts the largest USDT supply, 323 million accounts, 11 billion transactions and $26 billion TVL.

Blockchain-powered decentralized energy grid is set to modernize the US electric infrastructure by leveraging token incentives for rooftop solar panels and home batteries. Under the American AI Action Plan, this decentralized energy grid model mobilizes distributed energy resources, boosting grid resilience and uptime while supporting AI data centers, crypto mining operations and high-performance computing. By decentralizing grid management and reducing reliance on major utilities, the network enhances outage resistance and streamlines regulatory hurdles. Venture firm Pantera’s partner Cosmo Jiang notes that this token-based, gig-economy style approach can drive idle energy capacity to the market. Proposed policy measures include exploring nuclear power, hardening components against electromagnetic interference, and building redundant systems for maximum availability. Traders should monitor on-chain activity in energy-focused blockchain projects and Bitcoin (BTC) flows, as grid decentralization may increase demand for Bitcoin mining and related tokens.

City workers in Lugano recovered the vandalised Satoshi Nakamoto statue from Lake Lugano after it was stolen from Parco Ciani over Swiss National Day weekend. The Bitcoin symbol was found broken into several pieces but still attached by welded feet to its base. Installed by Satoshigallery in October 2024, the Satoshi Nakamoto statue had a 0.1 BTC reward offered for information leading to its recovery. Leading advocates such as Gabor Gurbacs and Tether CEO Paolo Ardoino condemned the vandalism. Satoshigallery said it remains committed to placing 21 Satoshi Nakamoto statues worldwide. Traders should note the reinforced cultural value of Bitcoin, though this incident is unlikely to affect BTC price.

Tokyo-listed investment firm Metaplanet bought an additional 463 Bitcoin for ¥7.995 billion (US$540 million), raising its total holdings to 17,595 BTC (¥261.28 billion/US$1.78 billion). The acquisition coincided with a 7.15% drop in its share price to ¥987, about 50% below the June peak. Metaplanet’s Bitcoin yield per share hit 309.8% in Q4 2024 and 129.4% in Q2 2025 but slowed to 52.6% by August 4, 2025. By steadily accumulating Bitcoin, the firm aims to act as Asia’s closest proxy to a Bitcoin ETF. This corporate treasury strategy aligns with global leaders like MicroStrategy and underscores growing institutional demand for cryptocurrency in Japan. It also reflects a wider trend of Japanese companies diversifying treasuries into digital assets as an inflation hedge and balance sheet enhancer. Metaplanet’s move may prompt other firms to adopt crypto, potentially accelerating regulatory clarity and supporting long-term Bitcoin price stability.

White House AI and cryptocurrency affairs chief David Sacks has dismissed fears of widespread AI job-loss as overhyped, stressing that AI tools require human prompts, oversight and verification to deliver real business value. He cited a Microsoft Research study of 200,000 Bing Copilot chats, which rated crypto-related roles such as news analysts, technical writers and customer service reps among the 40 most susceptible to automation, with AI applicability scores of 0.38–0.39 for reporting and 0.35–0.36 for data-driven analysts. Drawing on US Labor Department data, Sacks noted that US job growth in July lagged forecasts with just 73,000 new positions, while major crypto job boards recorded only 38 (CryptoJobsList) and 69 (Remote3.co) new crypto openings. Echoing ex-Coinbase CTO Balaji Srinivasan, he argued AI replaces earlier AI models rather than human workers, indicating that crypto jobs will evolve through augmentation rather than elimination. Traders should view this as neutral for market stability, as the report lacks direct price drivers and suggests AI job-loss fears are exaggerated.

In a delayed exploit, a scammer drained $908,551 in USDC by exploiting a 458-day-old USDC token approval signed on April 30, 2024. The victim likely granted the malicious ERC-20 approval via a phishing site or fake airdrop. The wallet remained empty until July 2, 2025, when $762,397 USDC moved to MetaMask and $146,154 arrived from Kraken. On August 2, 2025, at 04:57 UTC, the attacker transferred all funds to a pink-drainer.eth address. Security firm Scam Sniffer revealed the hack, highlighting the need for regular wallet security checks and revoking old USDC token approvals to prevent future scams.

On August 4, 2025, the SEC raised the single‐contract position limit for option‐enabled Bitcoin ETFs from 25,000 to 250,000 contracts. The change applies to BlackRock’s iShares Bitcoin Trust ETF (IBIT) but excludes Fidelity’s Wise Origin Bitcoin Fund (FBTC). This tenfold hike lets IBIT deploy covered call and other advanced options strategies. Research head Greg Cipolaro at NYDIG says these tactics can curb Bitcoin volatility, making the Bitcoin ETF more appealing to institutional investors and boosting spot demand. The SEC also approved in-kind creation and redemption for crypto ETFs. Authorized participants can exchange actual coins instead of cash. Currently, only Jane Street and Virtu have the necessary crypto infrastructure. Others may need partnerships or acquisitions to compete. Traders should expect better arbitrage, deeper liquidity and increased options activity in the Bitcoin ETF market. Overall, these regulatory moves mark a maturing ETF space. Higher options limits and in-kind mechanisms support lower volatility, stronger institutional flows and a constructive outlook for Bitcoin trading.

Bitcoin slid 5% over the weekend, dropping from about $118,330 on Friday to $112,300 on Sunday, marking the start of August’s historically bearish period. Glassnode data shows Bitcoin has fallen in eight of the last 12 Augusts, with an average loss of 11.4%. IG Markets analyst Tony Sycamore warns that Bitcoin must hold the $112,000–$110,000 support zone to avoid deeper losses. If support fails, prices could test the 200-day moving average near $99,355. In the absence of positive catalysts, the $125,000 level stands as stiff resistance, just above Bitcoin’s all-time high near $124,000. Traders should monitor US jobs data and trade tariffs, given their impact on risk sentiment. September has also underperformed historically, recording declines in eight of the past 12 years.

SharpLink intensified its institutional Ethereum accumulation over the past 48 hours, spending $108.6 million in USDC via Galaxy Digital’s OTC desk to acquire 31,941 ETH at an average price near $3,530–$3,828. These trades, confirmed by Arkham Intelligence, boosted its holdings above 470,000 ETH (~$1.65 billion), making SharpLink the second-largest corporate ETH treasury. At the same time, The Ether Machine added 15,000 ETH at $3,809 each, lifting its treasury to 334,757 ETH and surpassing the Ethereum Foundation. Corporate Ethereum treasuries now exceed $10 billion, led by BitMine with 625,000 ETH. Industry leaders point to staking yields, DeFi utility and legal clarity as primary drivers of institutional accumulation. Buying during the $3,900 price dip, facilitated by OTC trading to minimize slippage, may bolster market stability amid volatility.

From October 8, the UK Financial Conduct Authority (FCA) will allow retail investors to trade crypto ETNs on regulated platforms. Since January 2021, the FCA had banned retail access to exchange-traded notes and crypto derivatives due to extreme market volatility and low investor demand. Director David Geale says the market has matured, making crypto ETNs—unsecured debt instruments tracking asset prices like Bitcoin—more mainstream and easier to understand. Retail traders can now gain exposure to digital assets via conventional brokers without directly owning cryptocurrencies. However, crypto derivatives such as futures and options remain prohibited for retail investors, a restriction the FCA will continue to monitor. This move aligns UK rules with international trends while preserving investor protections against high leverage and volatility.

Justin Sun returns to space with Blue Origin’s New Shepard launch tonight at 8:34 PM. The event will be streamed live on Blue Origin’s website. Justin Sun won the first crewed seat in 2021 with a $28 million bid and donated all proceeds to the Club for the Future to support global youth STEM education. This milestone highlights the growing intersection of crypto leadership and space tourism philanthropy. Traders can expect a neutral short-term price impact, though the launch may boost long-term brand sentiment around Sun’s ventures.

US crypto ETFs posted record inflows of $12.8 billion in July, averaging $600 million per day. These crypto ETFs outperformed all ETF categories, including Vanguard’s S&P 500 fund (VOO). Bitcoin and Ethereum spot ETFs contributed equally to the surge. Bitcoin ETFs reached $146.5 billion in assets under management (AUM), led by BlackRock’s IBIT ($84 billion) and Fidelity’s FBTC ($23 billion). Ethereum spot ETFs gathered $20.1 billion AUM, led by BlackRock’s ETHA ($10.7 billion). IBIT drew 75% first-time BlackRock clients, with 27% also buying other iShares ETFs. Launched in January 2024, IBIT offers direct 1:1 Bitcoin holdings. ETF demand has driven Bitcoin’s price up nearly 300% since BlackRock’s application; Bitcoin now trades near $113,800. Despite a 5% drop in total crypto market cap over the past 24 hours—driven by losses in BTC, ETH, and SOL—record ETF inflows underscore strong demand for regulated crypto exposure. This trend signals a potential bullish outlook, boosting institutional adoption and market liquidity.

Ripple Labs moved 700 million XRP (about $2.08 billion) into escrow in three transactions (100M, 500M, 100M) on August 2. This follows earlier transfers of 200 M and 300 M XRP from unknown wallets. The monthly XRP escrow mechanism, in place since 2017, typically releases 1 billion tokens on the 1st and re-locks about 80% to prevent oversupply. This month’s operation was delayed by one day. XRP price fell over 10%, sliding from $3.32 to as low as $2.94 after the US Federal Reserve held interest rates steady, triggering a broader crypto sell-off. The token later recovered to around $2.98. Despite the slump, XRP’s active escrow management underscores supply control. Analysts like Javon Marks predict a rebound to $4.80, while Bloomberg’s Eric Balchunas puts the chance of an XRP ETF approval this fall at 85%.

Coinglass data shows BTC liquidation intensity peaks at two critical levels on major centralized exchanges. A break above the revised $118,996 resistance could trigger roughly $3.126 billion in short liquidations, driving a sharp short squeeze and heightened volatility. Conversely, a drop below the adjusted $108,232 support may force about $2.432 billion in long liquidations, accelerating bearish sell-offs. Earlier thresholds—$119,203 for shorts and $108,322 for longs—saw $3.35 billion and $2.346 billion liquidated, respectively, illustrating ongoing market swings. Traders should monitor these support and resistance levels, use stop-loss orders, and adjust risk management strategies to navigate rapid price moves driven by forced position closures.

On August 1, spot Bitcoin ETF outflows reached $812.27 million, the largest single-day withdrawal in five months. Major funds led by Fidelity’s FBTC ($331.42M) and ARK Invest’s ARKB ($327.93M) saw the bulk of redemptions. Grayscale’s GBTC recorded $66.79M of outflows, while smaller ETFs—from Bitwise’s BITB and Grayscale Mini BTC to Franklin Templeton’s EZBC, Invesco’s BTCO and BlackRock’s IBIT—also experienced withdrawals. Analysts attribute the surge in Bitcoin ETF outflows to profit-taking, institutional portfolio rebalancing and macroeconomic concerns such as interest-rate uncertainty. The surge in Bitcoin ETF outflows can heighten market volatility and add selling pressure, potentially leading to short-term price dips. Traders are advised to adopt a long-term outlook, diversify holdings and use dollar-cost averaging to weather fluctuations. Despite this short-term bearish pressure, ongoing regulatory clarity and growing institutional adoption support a bullish long-term outlook for spot Bitcoin ETFs.

SEC Commissioner Hester Peirce will lead a 10-city crypto engagement tour from August to December 2024. The tour targets early-stage startups under two years old with fewer than ten employees. Roundtable discussions will cover regulation, custody solutions, tokenization standards and DeFi risks. The SEC crypto engagement tour aims to gather feedback from developers and investors to shape future digital asset regulations. Past events included insights from a16z Crypto, BlackRock and other major firms. The initiative follows a broader regulatory easing, with relaxed actions against Coinbase, Uniswap and Kraken, and supportive guidance from the Fed and OCC. Traders should watch for updates on custody requirements, token listings and DeFi protocols, as clearer guidance could influence market stability and trading strategies.

OpenAI funding round closes with $8.3 billion led by Dragoneer, Blackstone, TPG and T. Rowe Price, valuing the AI startup at $300 billion—beating its $7.5 billion goal months early. The fresh capital boosts total fundraising to $40.8 billion and sets a new benchmark for AI startup financing. Annual recurring revenue (ARR) rose to $13 billion from $10 billion in June, driven by 5 million paid ChatGPT subscribers and 800 million weekly active users—a “revenue–user growth flywheel.” Strategic model upgrades, tiered pricing and a deep Microsoft Azure partnership underpin this momentum. However, escalating GPU compute costs and rising customer acquisition expenses, coupled with intensifying AI competition and looming regulation, may pressure margins. The news has a neutral impact on the crypto market: direct effects on Worldcoin’s WLD token are limited, though broader tech sector strength could buoy Web3 and AI-related tokens in the medium term.

Crypto reshoring is gaining momentum as US regulatory clarity draws global digital asset firms back home. SEC Chair Paul Atkins and Treasury Secretary Scott Bessent have hailed a “golden age of crypto,” urging companies to re-establish US operations under clearer rules. Bulgaria-based NEXO resumed US market access in April, while derivatives platform Deribit and OKX relaunched after settlements and set up hubs in California. Domestic players are expanding too. Kraken moved its global headquarters to Wyoming in June and MoonPay secured full licenses across all 50 states by April. Major mining hardware manufacturers—Bitmain, Canaan and MicroBT—plan to build ASIC production facilities in Texas or Florida by early 2026, leveraging state incentives. For traders, this shift boosts crypto trading volumes, liquidity and dollar-denominated market depth. Tighter regulatory oversight and onshore mining distribution may tighten hardware supply but underpin long-term stability. Overall, clearer US regulation supports a bullish market outlook.

Gate US has officially launched spot trading for U.S. customers, offering over 3,800 crypto-to-crypto pairs and handling $6.8 billion in daily volume. This marks the Seychelles-based exchange’s first entry into the U.S. crypto market with a compliance-first approach, aligning with recent regulatory clarity from bills such as the GENIUS Act and CLARITY Act. Gate US plans to roll out fiat on- and off-ramps and custodial wallets, aiming to boost liquidity and provide seamless fiat on-ramp solutions. Founder Dr. Lin Han calls the launch a compliance milestone designed to win both regulators and consumers. Despite widespread awareness of cryptocurrency—95% of Americans know the term—only 35% understand it, and just 14% have adopted digital assets while 87% view them as risky. To address this, Gate US will launch educational programs and partner with U.S. financial institutions to drive crypto adoption. The spot trading expansion adds a new platform for traders seeking diverse options, although its market impact will depend on consumer confidence and evolving U.S. regulatory frameworks.

Coinbase Q2 revenue fell 26% quarter-on-quarter to $1.5 billion, missing analyst expectations. Transaction revenue dropped 39% to $764 million as global crypto spot volumes slid 31% and US volumes fell 32%. Overall trading volume plunged 40% to $237 billion. Subscription and services revenue dipped 6% to $656 million, while stablecoin-related revenue rose 12% to $332 million. Operating expenses increased 15% to $1.5 billion, driven by a $307 million data breach charge. Adjusted net income was $33 million, and adjusted EBITDA reached $512 million. Coinbase shares slid 11% pre-market on the earnings miss. Looking ahead, Coinbase expects Q3 subscription and services revenue between $665 million and $745 million. The firm highlighted regulatory wins under the GENIUS and CLARITY Acts to boost stablecoin adoption and market clarity. On the product front, the Base App beta on Ethereum Layer 2 has surpassed 700,000 users and will evolve into an “everything app” with trading, social feeds, tokenized posts, USDC payments, mini-apps and AI features. Base Pay with 1% USDC cashback for Shopify merchants is also in the pipeline. These results underline the sensitivity of Coinbase Q2 revenue to crypto market activity.

Coinbase plans to launch US-based tokenized stocks on its platform alongside on-chain prediction markets, derivatives and early-stage token sales. Dubbed an “exchange for everything” by Product VP Max Branzburg, the move aims to unify real-world and crypto assets in one venue. Regulatory tailwinds like the SEC’s Project Crypto clear the way for the US rollout, with a phased international expansion to follow. This expansion into tokenized stocks diversifies Coinbase’s offerings, placing it in direct competition with Robinhood, eToro and Kraken. In its Q2 earnings, Coinbase added 2,509 BTC to its reserves but fell short of revenue forecasts, triggering a 9% share price decline. CEO Brian Armstrong reaffirmed a long-term Bitcoin (BTC) strategy as these new services seek to boost trading volume and user engagement.