Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Circle, the US-based stablecoin issuer behind USDC, has filed an SEC registration for a $1.3 billion secondary offering of 10 million Class A shares at $130 each. The company will sell 2 million shares to fund general corporate purposes, while existing investors plan to offload the remaining 8 million, with proceeds not benefiting Circle directly. Priced at over four times its $31 IPO price in June, Circle shares experienced sharp volatility—soaring 235% to $83 on debut and peaking at $298.99. After the secondary offering announcement, CRCL shares closed down 9% at $139.23 and slipped to $136.98 in pre-market trading. Observers say the capital raise strengthens Circle’s balance sheet and supports USDC growth, though large insider sales may weigh on the stock in the short term, creating mixed signals for traders.

CoinW has launched a full-stack AI-powered trading platform under a unified account system. The AI strategy engine dynamically routes orders between AMM and CLOB to optimize execution. The platform supports on-chain settlement, MPC self-custody and real-world assets (RWA) such as bonds, stocks, gold and REITs. It integrates four modules: CoinW (global CEX with AI routing and layered risk controls), GemW (gasless on-chain asset aggregator with research tools), DeriW (rollup-based L2 supporting 80,000 TPS and zero-gas perpetuals) and PropW (institutional suite with APIs, quant tools and cross-market strategies). Chief Strategy Officer Nassar Achkar says the unified account meets increasing demand for cross-scenario liquidity and seamless user experience. CoinW plans to expand on-chain assets, refine its AI engine and enhance multi-chain interoperability. This upgrade is set to boost liquidity and adoption, offering traders a seamless, modular crypto trading gateway.

OKX announced a one-time burn of 65.2 million OKB and subsequently executed a permanent burn of 279 million OKB tokens, cutting the total supply from 300 million to a fixed cap of 21 million. The dual token burns, valued at over $26 billion, triggered a price rally that saw OKB surge 110% to an all-time high of $148.90. Trading volume spiked by more than 17,000%, and market cap climbed from $2.8 billion to $8 billion before settling at $6.3 billion. Despite a brief 9.4% pullback amid a broader altcoin flash crash, on-chain metrics—active addresses at yearly highs and a positive Price-DAA divergence—signal strong organic demand. OKX also upgraded its X Layer into a dedicated public blockchain optimized for DeFi and payments, implemented a zkEVM upgrade using Polygon CDK to boost throughput to 5,000 TPS and cut gas fees, and announced an OKT-to-OKB swap based on average closing prices from July 13 to August 12. Technical indicators are overbought (RSI 94, Stochastic RSI 95), hinting at possible short-term corrections toward support around $74. Traders should monitor OKB volume, netflows, moving averages, RSI, and network activity on the upgraded X Layer for optimal entry points.

Zhitong Sci-Tech (8932) has become Taiwan’s first listed firm to adopt a bitcoin strategy. On August 8, the board approved a US$2 million investment in three-year convertible bonds issued by SORA, integrating Zhitong into SORA’s global bitcoin reserve network. Simultaneously, Zhitong will acquire Indian NBFC Letul Investments, securing licences for cross-border fintech, crypto-asset lending, and Web3 payments. The dual bitcoin strategy and NBFC deal echo moves by Japan’s Metaplanet, whose share price surged nearly 40× after launching its bitcoin reserve. Following Zhitong’s announcement, its stock price and trading volume spiked. Crypto traders should monitor this emerging trend of Asian firms deploying bitcoin strategies to boost asset valuations, enhance NAV and EPS, and open new revenue streams.

Ethereum Exit Queue has surged to a record 808,880 ETH locked for unstaking, creating a 14-day delay. The entry queue holds 374,136 ETH with a 6-day wait. Traders attribute the rise in Ethereum Exit Queue and unstaking delays to profit-taking at near-all-time-high prices, Justin Sun’s $600 million ETH withdrawal from Aave, and the unwind of Lido’s stETH loop after a 0.3% depeg. Higher borrowing costs and deleveraging on liquid staking tokens like stETH have further fuelled exits. Meanwhile, a May SEC ruling that staking tokens are not securities has heightened expectations for ETH staking ETFs. Short-term network congestion may increase selling pressure, while potential ETF launches could support long-term staking demand. Traders should monitor the Ethereum Exit Queue, DeFi liquidity shifts, and ETF developments to gauge market liquidity and price trends.

Bitcoin Cash price is trading in a tight $580–$640 range after peaking at $607 on July 27 and dipping to $517 before buyers stepped in. On August 11, BCH price briefly broke above $632 but pulled back near the $630 resistance. Technical indicators remain mixed: the weekly moving averages are flat, confirming a sideways trend, while the 21-day SMA stays above the 50-day SMA, signaling underlying bullish momentum. BCH price is currently in overbought territory after testing the $640 zone. Key resistance levels lie at $600, $630 and $650, with support zones at $580, $500 and $450. A successful breakout above $630 could propel Bitcoin Cash toward its April 2025 high of $701. Failure to breach this barrier may keep BCH range-bound between $580 and $630. Traders should watch whether BCH price can hold above the 21-day SMA to resume its uptrend or risk further downside if it falls below key moving averages.

Estonian banker Rain Lõhmus has permanently lost the private key to a cold wallet holding 250,000 ETH—purchased for $75,000 during Ethereum’s 2014 presale. On-chain data from Arkham Intelligence shows no significant transfers since acquisition, leaving roughly $1.2B in ETH at current prices (~$4,700/ETH) irrecoverable. Lõhmus admits he often forgets passwords and cannot retrieve the lost private key. This incident highlights the critical importance of rigorous private key security and self-custody best practices. Traders should back up seed phrases across multiple secure locations, use hardware wallets, and routinely test recovery procedures. As Ethereum continues to underpin DeFi and NFTs, this case serves as a stark reminder that lost private key access can render substantial crypto holdings inaccessible permanently.

Mutuum Finance (MUTM) is in Phase 6 of its presale at $0.035 per token, raising over $14.3 million from more than 15,200 holders. Built on Ethereum Layer-2 scaling, the protocol delivers near-instant, low-cost transactions for its decentralized DeFi lending platform, allowing users to lock ETH as collateral to mint a fully backed stablecoin. A recent CertiK audit (Token Scan 95, Skynet 78) bolsters confidence ahead of Phase 7’s 15% price increase to $0.04. With only 17% of the presale sold, early investors could see over 130% paper gains, while a $4 price target by 2027 sets the potential for multi-million-dollar returns. The roadmap includes a beta launch with live lending, staking, and liquidation mechanics; mainnet launch and exchange listings on Binance, KuCoin, and Kraken; and a buy-and-distribute tokenomics model that repurchases tokens for staking rewards.

Ethereum climbed over 15% in three days, surpassing $4,000 as the U.S. executive order allows 401(k) plans to include cryptocurrencies. This move opens mainstream retirement capital to Ethereum and commanding institutional interest. Meanwhile, Fundamental Global filed a $5 billion SEC shelf registration to fund large-scale ETH purchases. The dual catalysts have fueled bullish momentum, with experts forecasting an upcoming altcoin season. Among potential gainers, Best Wallet Token (BEST) has raised over $14.5 million in its presale at $0.025455 per token. BEST powers a self-custodial, multi-chain wallet platform with integrated presale access, governance rights and staking yields up to 92% APY. Analysts predict BEST could reach $0.62 by 2026. Traders should monitor Ethereum’s support levels for entry points and evaluate BEST presale opportunities, while performing due diligence and managing market volatility.

Garantex, designated by US Treasury’s OFAC in 2022 after processing over $100 million in illicit transactions and handling at least $96 billion from 2019 to March 2025, pre-emptively launched successor platforms Grinex and Meer in December 2024. Weeks before a coordinated US, German and Finnish seizure of Garantex’s infrastructure in March 2025, the exchange migrated user assets into the ruble-pegged stablecoin A7A5, sidestepping asset freezes. After the crackdown, Meer’s listing of A7A5 saw trading volumes surge. A TRM Labs report warns that opaque fiat-pegged tokens and contingency planning enable sanctions evasion. Crypto traders should monitor governance transparency of non-public stablecoins like A7A5 and watch for successor exchanges to manage compliance risks and potential market disruptions.

Citigroup is evaluating stablecoin custody and Bitcoin ETF services in response to the GENIUS Act’s full-reserve backing requirement. Head of Global Partnerships Biswarup Chatterjee says stablecoin custody is a top priority, ensuring U.S. Treasuries or cash support. The bank plans to offer digital asset custody for Bitcoin ETFs, challenging Coinbase’s market dominance, and expand its blockchain-based Tokenized USD Payments corridor between New York, London and Hong Kong. Citi will enable instant on-chain stablecoin transfers and conversions for rapid settlement, aiming to accelerate cross-border payments. These moves deepen Citigroup’s institutional crypto services amid clearer U.S. regulations, though the bank must maintain robust AML and FX controls and strengthen operational security.

Circle share offering at $130 per share was priced on the NYSE under the ticker CRCL. The deal covers 10 million shares with a 30-day option for 1.5 million more, raising $1.3 billion in gross proceeds from this capital raise. Circle will use funds to strengthen its balance sheet, support USDC expansion, and fund general corporate purposes. This Circle share offering underscores market confidence in USDC’s growth but brings dilution risk for existing shareholders. Traders should monitor CRCL share performance, volume and potential volatility as the offering closes on May 15, 2024.

Crypto Price Analysis: Over the past fortnight, major altcoins have accelerated their rallies. Initial momentum saw Ethereum climb 6% toward the $4,000 resistance on strong buy volumes; its rally then accelerated into a 19% weekly gain, trading within 4% of its $4,868 all-time high. If ETH flips $4,900–$5,000 into support, bulls could target $6,000, $7,000 and even $9,000–$10,000 in a price discovery phase. Ripple initially surged 12% from $3 to $3.4 amid a bullish MACD cross but later underperformed, dropping 6% off the $3.2 resistance and consolidating just above $3 as traders await fresh momentum. Cardano broke above $0.77 after an 8% gain and then powered 20% to peak at $1, eyeing $1.30 and $1.50 as the next hurdles. Solana reversed at $155 for a 3% rise toward $185 before extending gains to 13%, yet faced two rejections at $200; key support sits at $186 with overhead resistance at $200 and $227. Hyperliquid bounced from $35 to hold $40, later rebounding 20% to $48.5 near its $50 all-time high; a break above $50 could spark a run toward $54, $60 and $66. This Crypto Price Analysis highlights growing bullish momentum among major altcoins, pointing to a potential continuation of the summer rally.

On August 14, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the A7A5 ruble-backed token, its issuer Old Vector, and the Grinex and Garantex exchanges in a sanctions action targeting Russian-linked crypto networks. OFAC sanctions aim to curb sanctions evasion via crypto rails. A7A5, issued by Kyrgyzstan’s Old Vector and collateralized by deposits at sanctioned Promsvyazbank, has processed over $51.17 billion in on-chain trading volume primarily on Tron (TRX) and Ethereum (ETH) networks during weekdays. Following the March takedown of Garantex, tokens burned on Garantex were reissued to support liquidity on Grinex, which absorbed former Garantex users. A newly launched centralized DEX for A7A5-to-stablecoin swaps has moved $1.46 billion, raising concerns about sanctions evasion through cross-border crypto rails. This move underscores Russia’s legislative push to legalize crypto payments for cross-border transactions and highlights compliance risks and potential liquidity pressures for the A7A5 ruble-backed token.

Estonian banker Rain Lõhmus permanently lost access to his Ethereum wallet holding 250,000 ETH (over $1 billion) acquired for $75,000 in the 2015 ICO. Ethereum wallet security depends entirely on private keys, and with his password irretrievable, blockchain design offers no reset or admin recovery. This mirrors other high-profile losses—6,000 BTC discarded with old keys and former Ripple CTO Stefan Thomas’s failed attempts to unlock 7,002 BTC. Traders should treat this as a stark warning: robust crypto security, including cold storage, encrypted backups and clear recovery protocols, is essential to mitigate operational risk and safeguard digital assets.

Brazilian police have arrested four suspects in a high-profile Bitcoin kidnapping case after a retired teacher was abducted in Recife on March 21. Criminals demanded a ransom of five BTC (≈R$3.3 million), holding the victim at gunpoint for over 12 hours before releasing her. Using fake license plates and social media surveillance, the perpetrators tracked the victim’s routines. A Special Operations Group executed arrest and search warrants in Greater Recife and Rio Grande do Norte. Two female suspects collected the Bitcoin ransom, highlighting challenges of tracing funds in anonymous blockchain transactions. Charges include extortion and money laundering. This Bitcoin kidnapping underscores a surge in crypto crime and the need for robust investor safety measures. Traders should stay vigilant by securing private data, using cold wallets, and enabling two-factor authentication to mitigate digital asset risks.

The crypto options expiry this Friday will see $6.1 billion worth of Bitcoin and Ethereum contracts expire on Deribit. Bitcoin options account for around 40,000 contracts valued at $4.8 billion, with a put/call ratio of 0.90 and peak open interest at the $140,000 and $120,000 strikes. Ethereum options total roughly 287,000 contracts worth $1.3 billion, a put/call ratio of 1.0 and max pain near $3,600. Spot markets rallied to a record $4.25 trillion cap, supported by a single-day Deribit volume of $10.9 billion and Binance futures volume of $2.55 trillion in July. After the expiry, total market capitalization dipped 4% to $4.1 trillion as BTC fell below $118,000 and ETH slipped under $4,500 before partial recoveries. This crypto options expiry event reflects balanced flows and profit-taking, pointing to a neutral impact on near-term price trends while offering liquidity events for active traders.

Mawari Network, launched by Mawari and Caldera, is a decentralized physical infrastructure network (DePIN) for real-time AI-powered 3D and XR streaming. The network leverages a global distributed GPU node network and patented spatial streaming technology to cut bandwidth usage by 80% and deliver low-latency AR/VR experiences worldwide. Caldera’s high-throughput modular rollup anchors on-chain QoS attestations—tracking latency, jitter, dropped frames and frame accuracy—to enhance transparency, node reputation and reward distribution. Early access partners include Japan’s top VTuber agencies Brave Group and Virtual Avex, showcasing the vTubeXR product at Expo 2025 Osaka. Compatible with Unity and Unreal Engine, the network uses edge computing nodes close to end-users for intensive rendering. The DePIN model enables any GPU operator to join and earn rewards, tapping into a projected XR market exceeding 100 million devices. This launch bridges XR with Web3 and may drive demand for Caldera’s interoperability rollup, positioning Mawari Network as key blockchain infrastructure for immersive streaming.

Swiss supermarket chain Spar has rolled out gas-free crypto payments via Binance Pay and DFX.swiss in 300 stores nationwide. Shoppers can scan a QR code at checkout to pay with Bitcoin, Ethereum or over 100 crypto assets. DFX.swiss instantly converts transactions to Swiss francs, cutting merchant fees by two-thirds compared to card payments and shielding merchants from volatility. This expansion of crypto payments follows a successful pilot in Zug in April 2023 and builds on Switzerland’s crypto-friendly regulatory environment, highlighted by Lugano accepting BTC and USDT for city services and over 1,000 crypto-enabled merchants nationwide. Spar’s MD André Scherrer calls the solution “the future of retail payments,” and Binance regional director Jonas Juenger says the rollout marks a shift from niche experiments to mainstream daily crypto usage.

Platform tokens have delivered outsized returns via token burn programs since 2021. Exchanges like Binance (BNB), Huobi (HT), OKX (OKB) and FTX (FTT) burned billions, pushing BNB from $37 to $690 and sending OKB and HT price up nearly tenfold. FTT’s burns drove gains until its collapse in 2022. In 2025, token burns remain key but ecosystem evolution takes precedence. OKX’s one-time burn of 65.25M OKB locked total supply at 21M and sparked a 186% rally. BNB has surged from $250 to over $800 thanks to Binance Alpha IDO portal, Maxwell upgrade, and institutional adoption. BGB is evolving into a dual CEX–chain ecosystem via Bitget exchange incentives and Bitget Chain development. Traders should monitor upcoming token burn events, L2 launches, licensing milestones and ecosystem metrics. The shift from pure supply cuts to integrated ecosystem strategies underpins a bullish outlook for platform tokens.

According to Arkham Intelligence, SpaceX’s on-chain Bitcoin holdings have reached over $1 billion, with a current stake of 8,285 BTC acquired between December 2020 and June 2022. Analysts view a recent internal transfer of 1,308 BTC as non-sale, confirming SpaceX has not added new Bitcoin since offloading 70 percent of its holdings in 2022. Bitcoin’s price rose to nearly $124,000 before dipping below $119,000 following US Treasury remarks. Tesla still holds 11,509 BTC, bringing combined Bitcoin holdings for both Musk-affiliated firms to about $2.42 billion. Traders note that macroeconomic trends and on-chain flows will guide Bitcoin’s next moves.

Mysten Labs has appointed ex-Goldman Sachs digital assets head Mustafa Al Niama as its new Head of Capital Markets to accelerate asset tokenization on the Sui network. Drawing on over 15 years in traditional finance and crypto asset management, Al Niama led Goldman’s US digital assets team and advised the CFTC Global Markets Advisory Committee. He will focus on tokenization of real-world assets, enhanced collateral mobility, and partnerships with major financial institutions to boost institutional adoption. Against a backdrop of clearer US regulations such as the GENIUS Act for stablecoin integration, Mysten Labs aims to leverage Al Niama’s expertise to deliver fast, low-cost Sui transfers, advance enterprise-grade asset tokenization, and strengthen regulatory collaboration.

Web3 gaming funding jumped 94% month-on-month to $60 million in July, ending a three-month slump yet still trailing March’s $69 million peak, according to DappRadar. Daily active wallets in blockchain games rose 2% to 4.9 million, marking sector-only user growth. Investors now target projects with proven teams, strong IP and scalable infrastructure. Funding priorities shifted to fun-first titles offering optional blockchain features, robust back-end stacks—wallets, AI tools, cross-chain systems—and sustainable tokenomics. Smaller studios lacking traction face consolidation or pivots. Analysts predict fewer but more resilient, brand-driven, cross-platform releases aimed at mainstream audiences. The pivot from hype-driven “Axie killers” to quality gameplay and robust token models signals a maturing market, positioning funded studios for growth when macro conditions improve around 2026. This surge in Web3 gaming funding highlights growing investor confidence in blockchain games.

By mid-August 2025, BlackRock’s iShares Bitcoin Trust (IBIT) surged to a record $91.06 billion in assets under management (AUM). The Bitcoin ETF has drawn $58 billion in cumulative net inflows since its January 2024 debut, now representing 3.72% of circulating BTC. IBIT maintains US market leadership, outpacing Fidelity’s FBTC ($24.77 billion) and Grayscale’s GBTC ($22.18 billion). Strong institutional demand and BlackRock’s brand credibility have boosted liquidity and market legitimacy. However, growing ETF concentrations and regulatory scrutiny pose ongoing risks. Recent US Producer Price Index (PPI) data surprised to the upside. Bitcoin’s price fell from $124,000 to below $118,000, triggering over $1 billion in crypto liquidations, including $930 million in leveraged BTC positions. Despite the volatility, the Bitcoin ETF saw steady inflows, highlighting investor confidence in long-term ETF strategies. Traders should monitor Bitcoin ETF AUM trends, fund flows, and regulatory updates. These metrics are critical for portfolio strategy and assessing market stability.

Perplexity AI is preparing a new funding round targeting a $20 billion valuation to back its unsolicited $34.5 billion Chrome acquisition bid amid a US antitrust case. Perplexity AI’s rapid expansion—from a January 2024 valuation of $520 million to $18 billion by July 2025—stems from $80 million in annual recurring revenue and 22 million monthly active users, boosted by the launch of its Comet AI browser. OpenAI, Apollo Global Management and Yahoo are also eyeing the Chrome acquisition, underlining fierce competition in the browser market. Traders should note that Chrome vulnerabilities have powered NFT game exploits and Binance account hacks via malicious plugins, highlighting security risks for Web3 users.

US Treasury’s Office of Foreign Assets Control (OFAC) has expanded crypto sanctions to target Russian-linked exchange Garantex, its successor Grinex, ruble-backed A7A5 stablecoin and affiliated entities and executives. Garantex, founded in 2019, processed over $100 million in darknet and ransomware transactions before authorities in the US, Germany and Finland seized its domain and froze $26 million in March. After Garantex shut down, Grinex emerged, using Old Vector-issued A7A5—backed by Promsvyazbank and Moldovan politician Ilan Shor—to bypass sanctions. Blockchain analytics firm Elliptic reports A7A5 reached $1 billion in daily volume by July, with Chainalysis citing $51 billion in cumulative transactions. OFAC sanctions now include Old Vector, A7 LLC, A7 Agent, key executives Sergey Mendeleev, Aleksandr Mira Serda and Pavel Karavatsky, InDeFi Bank and Exved, effectively cutting crypto channels used for money laundering and sanctions evasion. Traders should monitor elevated regulatory scrutiny on stablecoins and exchanges, as stricter crypto sanctions may shift trading volumes and liquidity.

Toncoin price has consolidated in a horizontal trading range between roughly $2.60 and $3.60 since April, narrowing to $2.80–$3.60 in May. Toncoin price’s movement above its 21-day and 50-day simple moving averages (SMAs) signals bullish momentum, but repeated rejections at the $3.60 resistance indicate strong selling pressure, evident in long candle wicks. On shorter timeframes, dips below both SMAs held at a $3.10 intra-range low. Immediate support levels lie at $3.50, $3.00 and $2.50, with major resistance extending to $4.00, $4.50 and $5.00. Today’s balanced buyer-seller dynamic suggests a neutral outlook as traders await a decisive break above the 21-day SMA and key $3.60 barrier. Monitoring volume shifts alongside the SMAs will be crucial for spotting a potential breakout or extended consolidation.

Circle share sale by insiders will offload 10 million shares, valued at $1.4B, just two months after the stablecoin issuer’s June IPO. The offering covers 8 million shares from early investors, including CEO Jeremy Allaire, and 2 million from Circle. JPMorgan waived its usual lock-up to enable the two-day marketed sale, which was oversubscribed and exceeds Circle’s original IPO proceeds. Since the IPO, Circle’s stock price has surged 349%, peaking at $298.99 and holding above the initial level despite a recent pullback. Experts label the insider sale a rational cash-in exercise with minimal market disruption. The high-volume trading seen over the past two months suggests limited short-term price pressure, and analysts do not view the Circle share sale as a sign of fundamental weakness.

Robinhood saw its total platform assets hit $298 billion at end-July, a 106% year-on-year rise, supported by $6.4 billion in net deposits—a 42% annual gain—and 26.7 million funded accounts after adding 2.5 million users. Crypto trading volume on the Robinhood app surged 217% month-on-month to $16.8 billion, contributing to combined volumes of $28.7 billion with Bitstamp, whose July volume rose 78%. Bitcoin near $122,000 and record-high Ethereum prices drove retail participation. Crypto now accounts for a larger share of Robinhood’s transaction revenue. The firm boosted average revenue per user through securities lending and new products. To curb U.S. market dependence, Robinhood will expand internationally later this year with early sign-ups signaling growth potential.