Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

MicroStrategy launched its Bitcoin strategy in August 2020 with a $250 million purchase of 21,454 BTC. Over five years, under CEO Michael Saylor, the company has invested $46 billion to amass 628,791 BTC, making it the largest corporate Bitcoin holder. Its stock (ticker MSTR) soared about 2,600%, rising from below $15 to over $395. The firm plans to keep buying Bitcoin to diversify its balance sheet. This Bitcoin strategy success has spurred other firms to increase digital asset allocations, reinforcing institutional demand. Traders should note that sustained corporate buying and broader adoption could support Bitcoin’s price in both the short and long term.

Bitcoin advocate Samson Mow forecasts that ETH investors may rotate profits back to Bitcoin once ETH hits key psychological levels. He argues many holders earned BTC during initial ICOs and will sell ETH at peaks, creating new bagholders before shifting gains to BTC. This view follows Ether’s recent five-week rally, which pushed ETH to $4,324 and doubled the ETH/BTC ratio from 0.018 to 0.036 since April. Mow doubts Ether will surpass its all-time high, citing sell pressure near peak levels. However, historical market cycles show altcoins can sustain momentum despite periodic Bitcoin rotations. Traders should watch the ETH/BTC ratio, ETH price surges, and altcoin momentum for signals of fund flows between Ethereum and Bitcoin. ETH investors should monitor profit-taking thresholds to anticipate rotations.

At the Baltic Honeybadger conference in Riga, analyst Willy Woo declared Bitcoin the “perfect asset” for the next 1,000 years, citing its fixed supply and trustless network. He noted Bitcoin’s market cap of $2.42 trillion is still under 11% of gold’s valuation and below the U.S. dollar money supply. Woo warned that opaque debt structures in corporate Bitcoin treasuries pose a treasury risk that could trigger a bubble collapse, and that altcoin treasuries may repeat these mistakes. He also highlighted custody risk from growing reliance on spot Bitcoin ETFs and custodial services like Coinbase Custody, which could expose coins to government intervention or a rug pull. Debifi CEO Max Kei predicted a trend toward self-custody spreading from institutions to businesses and individual investors. Blockstream CEO Adam Back noted that firms unable to beat Bitcoin’s expected returns should simply invest in Bitcoin, making corporate adoption the logical strategy. Traders should watch these treasury and custody risks as BTC gains momentum.

Ethiopia has suspended the issuance of new electricity permits for crypto mining as its hydropower-dependent grid reaches capacity amid a severe power shortage. To date, 25 Bitcoin mining operations hold active licenses, while about 20 more applications are pending. The pause aims to balance national energy demands by restraining rapid crypto mining expansion in regions with unstable electricity supplies. Existing miners may continue under current permits. Low power costs and ample water resources initially attracted firms. The government’s move highlights the critical role of reliable renewable energy in sustainable crypto mining and may drive companies to reassess local plans or seek alternative locations. Other African nations could follow suit by reviewing power infrastructure before hosting large-scale mining projects.

Crypto speculation has progressed from early ICOs to genuine on-chain assets, marking a shift into the Internet capital markets era. The 2017 ICO boom resembled tokenized Ponzi schemes (Bitconnect, Dentacoin), followed by a VC-fueled bubble in 2021 that inflated valuations of SOL, UNI and ENA. After FTX’s collapse, stablecoins and tokenization proved real value. Today, projects like Hyperliquid, AAVE and Ethena generate on-chain revenue without equity dilution. Traders should adjust strategies, focusing on quality token issuance and durable DeFi protocols over short-term memecoin rallies. As institutional adoption grows and regulatory clarity improves, liquidity and long-term price support are set to rise, offering bullish opportunities in on-chain infrastructure and tokenized finance. Understanding crypto speculation’s evolution helps traders seize the next generation of blockchain-native enterprises.

Amber Group executed a large UNI token withdrawal from Binance, moving 358,000 UNI (≈$3.81 M) at an average price of $10.64. This first major UNI withdrawal in over a year generated around $230,000 in unrealised gains as market prices rose. On-chain analysis by @ai_9684xtpa shows the tokens were sent to private wallets, including a new address (0xeB4…CD0E5), suggesting liquidity management, self-custody measures, or potential OTC deals. Traders should note this UNI token withdrawal reduces Binance liquidity and can influence market sentiment and price dynamics, while transparent on-chain data allows the community to track institutional asset flows.

On August 11, Nansen CEO Alex Svanevik executed a major LDO token transfer, moving 1 million LDO (approximately $1.46 million) from his on-chain holdings to Coinbase. Svanevik originally secured 5 million LDO in December 2020 as part of Lido Finance’s advisor allocation and now retains 1 million LDO. LDO, the native governance token of Lido Finance’s liquid staking protocol issuing stETH, often faces sell-off pressure when whales deposit tokens to exchanges. This LDO token transfer could signal portfolio rebalancing, enhanced custody needs or upcoming market activity. Traders should monitor on-chain flows, LDO order books and trading volumes for signs of increased supply or price shifts, as high-profile deposits can affect short-term liquidity and sentiment.

Humanity Protocol has launched its privacy-first zkTLS mainnet, introducing a decentralized identity layer that bridges Web2 credentials with Web3 services. This decentralized identity solution uses zero-knowledge transport layer security (zkTLS) to let users verify airline loyalty points, hotel rewards and professional or educational qualifications without exposing sensitive data or documents. All personal information remains client-side, eliminating custodial storage or biometric scanning. Initial integrations cover airline and hotel loyalty programs, financial and academic credentials, with plans for on-chain ticketing, decentralized governance and Sybil-resistant social platforms. Backed by a $1.1 billion valuation and a recent $20 million funding round from Jump Crypto and Pantera Capital, Humanity Protocol aims to enable reputation-based marketplaces and AI-driven “humanity checks” without risking data privacy. The launch enhances fraud prevention, blocks bots and lays the groundwork for secure, compliant digital identity applications in the evolving Web3 ecosystem.

BitMEX co-founder Arthur Hayes repurchased 2,373 Ethereum at an average price of $4,150 using $10.5 million in USDC, reversing his sale of the same amount a week earlier. He declared on X that he would no longer take profits. The buyback follows his warning that macro pressures could drag Bitcoin to $100,000 and Ethereum back to $3,000 and his previous $13 million crypto dump, which coincided with large Bitcoin and Ethereum ETF redemptions. On-chain data from EmberCN shows unknown whales and institutions have amassed over 1.035 million ETH (roughly $4.17 billion) since July 10. This wave of accumulation aligns with a 45% rally in Ethereum from around $2,600 to $4,000 within a month, fueled by $792 million in U.S. spot ETH ETF inflows and the SEC’s ruling that stETH is not a security. Hayes’ swift reentry, combined with strong whale activity, underscores renewed market confidence in Ethereum. Traders should watch for continued ETF flows and macro developments. If other large holders follow suit, Ethereum could test fresh highs despite lingering trade tensions and credit-growth concerns.

SharpLink Gaming raised $200 million via a direct public offering on August 8, deploying the full proceeds to buy 52,809 ETH on Coinbase Prime. On-chain data shows transfers to eight wallets, including one for long-term staking, confirming its shift to an Ethereum-based treasury strategy. In a subsequent purchase, the Nasdaq-listed firm acquired an additional 10,975 ETH, boosting total holdings to 532,914 ETH (about $2.07 billion). The move highlights rising institutional adoption of digital assets and underscores Ethereum’s value as an inflation hedge. Traders should watch for potential liquidity shifts, price momentum, and increased market stability as more public companies integrate Ethereum into their corporate reserves.

ETH short updates: On August 10, on-chain analyst @ai_9684xtpa observed whale trader AguilaTrades open a 25× ETH short position, increasing exposure to 20,000 ETH (~$83.7M) at $4,193 per ETH and recording a floating profit of $34K. By August 11, the ETH short had suffered a $696K net loss over 24 hours and was nearly fully unwound, leaving a residual position worth $386K. This high-leverage trading by a major crypto whale underscores significant selling pressure, increased market volatility, and potential short-squeeze dynamics as large ETH shorts are liquidated.

XRP is consolidating near $3.20 with key resistance at $3.35–$3.40 and support at the 20-day EMA ($3.05) and 50-day EMA ($2.79). A sustained breakout above $3.40–$3.60 could push XRP toward $4.00 and ultimately $5.00. Shiba Inu (SHIB) shows a developing head-and-shoulders pattern on the daily chart, with the neckline at $0.00001200–$0.00001220. A daily close below this zone may drag SHIB down to $0.00001000, while a rebound above the 200-day EMA ($0.00001428) would invalidate the bearish setup. Bitcoin (BTC) remains capped around $120,000 after failing to clear $118,130. Immediate support lies at the 20-day EMA (~$115,964) and 50-day EMA (~$113,934). Its RSI near 57 indicates neutral momentum, suggesting potential sideways trading unless BTC can break $120,000 soon. Traders should watch these resistance levels, support levels and EMA crossovers for breakout or breakdown signals to gauge short-term volatility and broader market sentiment.

VivoPower International PLC has agreed to acquire $100 million of Ripple shares and XRP tokens after two months of due diligence. The direct purchase of Ripple shares, bypassing special-purpose vehicles, is now pending final approval from Ripple management and includes an option to buy XRP at up to an 86% discount to market prices. Ripple intends to use the $100M capital injection to expand its enterprise blockchain solutions, strengthen partnerships, and scale its On-Demand Liquidity service for cross-border corporate remittances using XRP. The move supports VivoPower’s sustainable treasury model, enhances long-term shareholder value, and secures its position as a significant crypto investor. Traders should monitor XRP price reactions and potential market momentum as Ripple deploys the funds to drive adoption and real-world applications.

XRP resistance at $3.65 is under test after an 11% rally, with a bearish tweezer-top and elevated NUPL metrics signaling profit-taking risk. Support levels lie at $2.99, $2.72 and $2.65. Failure to hold above the XRP resistance could spark a correction. Bitcoin is consolidating within a descending channel, bouncing off its 50-day SMA. A break above near-term resistance at $120,000–$122,056 could resume the uptrend toward $123,000. A drop below $111,965 may trigger a pullback to the $100,000–$104,562 range. Ether has broken out of a long-term symmetrical triangle, climbing past $4,200. The breakout targets include $4,400–$4,875 and a potential test of its all-time high near $4,800. Key supports to watch are $4,000, $3,941 and $3,737. Crypto traders should monitor these technical thresholds for short- and medium-term trading opportunities across major tokens.

Bitcoin is approaching a golden cross on its 4-hour chart as the 23-period moving average nears the 200-period moving average. Over the past week, Bitcoin rose from $116,600 to $118,600, breaking key resistance at $117,500–$118,000 and establishing support near $116,400. A confirmed golden cross and sustained trading above these levels could propel Bitcoin toward $119,000 and $120,000. Low weekend liquidity may amplify volatility, triggering sharper moves and quick rebounds from support. Traders should monitor the golden cross signal and key levels for potential entry and manage risk with stops below recent support.

FG Nexus (formerly Fundamental Global) has filed a $5 billion shelf registration with the U.S. SEC to build an Ethereum treasury and acquire a 10% network stake. The registration includes up to $4 billion in at-the-market equity offerings via ThinkEquity and capacity for preferred shares or debt, following a $200 million private placement in July. The Nasdaq-listed firm will rebrand to FG Nexus and change its ticker from FGNX to FGNXP, signaling its shift to a pure-play Ethereum investment company. Deposited ETH will be staked to earn network rewards, combining value storage with income generation. CEO Kyle Cerminara highlighted the framework’s agility for rapid capital deployment, while head of Digital Assets Maja Vujinovic cited accelerating institutional adoption and key value drivers—ETH price appreciation, staking yield, and tokenized real-world assets. This move parallels MicroStrategy’s Bitcoin treasury strategy and underscores growing corporate Ethereum treasury trends.

On August 10, 2025, Ethereum price surged to a high of $4,332, its strongest level since December 2024, before easing to around $4,221. The ETH price rally pushed co-founder Vitalik Buterin’s net worth back to about $1.04 billion, based on his 240,042 ETH holdings and smaller positions in AETHWETH, WHITE, MOODENG and WETH. The advance triggered roughly $1.35 billion in short liquidations, fueling a short squeeze. Analysts expect short-term volatility and profit-taking near $4,400 resistance and $4,000 support but foresee further upside driven by US spot ETF inflows, on-chain profitability signals, DeFi expansion and Layer-2 adoption.

Michael Saylor, executive chairman of MicroStrategy, posted an AI-generated image on X showing himself as Indiana Jones with the caption “I went looking for gold… and found something better”. The post underscores Bitcoin’s superiority over gold. This follows MicroStrategy’s July 29 acquisition of 21,021 BTC for about $2.46 billion. The purchase raised its total holdings to 628,791 BTC, valued at over $70 billion. The pop-culture visuals aim to boost investor confidence and drive broader Bitcoin adoption, despite potential copyright and valuation questions. By combining concise AI marketing with transparent accounting of BTC holdings, MicroStrategy reinforces Bitcoin as the preferred store of value for traders.

Spartans has emerged as the leading crypto casinos platform of 2025, combining slots and sports betting with direct BTC, ETH, USDT, USDC and AVAX wagers. The site features 5,963 games from 43 providers, including live dealer titles, and offers real-time odds on football, cricket, UFC, basketball and tennis. Users benefit from native wallets and instant payouts, eliminating conversion delays and hold times. A 300% welcome bonus with transparent wagering terms, plus a Lamborghini giveaway, boosts engagement. Competitors such as Stake.com, Roobet, BetMGM, BC.Game and Betano lag with slower withdrawals and point conversion friction. Traders stand to gain from Spartans’ streamlined interface and fast access to winnings, enhancing liquidity and trading activity in the crypto casinos market.

GameStop holds 4,710 BTC (about $500 million), $8.5 billion in cash and has a $10 billion market cap. The company has made no new Bitcoin purchases since May 2025. CEO Ryan Cohen’s decision to unfollow all Bitcoin and crypto accounts signals a shift in its treasury asset strategy. Traders now question GameStop’s long-term Bitcoin commitment amid market volatility and await any sign of resumed buying or full withdrawal.

Binance Coin (BNB) has rallied 8.9% over the past week to trade above $800, just 6% below its all-time high. Technical indicators mirror Bitcoin’s previous bull cycle, showing prolonged consolidation followed by decisive breakouts. After consolidating in the $200–$350 range during 2022–2023, BNB surged past $450 and broke $700 in early 2024. Now facing resistance at $800, a successful breakout could propel Binance Coin to $950, trigger a pullback to around $777, and then accelerate toward a $1,200 target—a potential 50% gain. Key resistance levels lie at $912 and $1,044, while support floors are at $649.40 and $517.90. With a market capitalization of $112.36 billion and bullish momentum across daily, weekly, and monthly charts, traders should monitor macroeconomic shifts, Binance-specific regulatory developments, and the timing of a broader altseason. Risk management strategies remain crucial amid persistent volatility in Binance Coin trading.

Four publicly traded firms have collectively acquired over 3.5 million SOL tokens, worth approximately $591 million and representing 0.65% of Solana’s circulating supply. Upexi leads with 1.9 million SOL purchased at an average price of $168.63 since April and fully staked at 8% APY. DeFi Developments Corp holds 1.18 million SOL at an average cost of $137.07, sitting on $36.8 million in unrealized gains. Toronto-based SOL Strategies has accumulated 392,667 SOL via dollar-cost averaging since June 2024, generating $3.9 million in gains. Torrent Capital added 40,039 SOL earlier this year for modest profits. Meanwhile, SOL price has climbed 14% over the past month, trading above $180 and approaching key resistance. This wave of institutional Solana investment underscores growing market confidence, potentially fueling further bullish momentum and long-term stability for SOL.

XRP price has broken out of a long-term bullish triangle on the weekly chart, signalling fresh momentum toward $11. July’s breakout lifted XRP to a high of $3.38, followed by consolidation near $3.22. Key resistance sits at $3.40 (1.0 Fibonacci extension): a decisive volume-backed break above $3.40 could open the path to $5.75, with the 1.618 extension at $11.20 as the ultimate target. On the downside, the $2.25 zone—formerly resistance and the 0.786 retracement—now serves as critical support. A sustained hold above $2.25 validates the bullish thesis, while a breach may drag XRP price toward $1.63 or $1.29. Crypto traders should watch for strong volume on the $3.40 break and use $2.25 as a stop-loss parameter. Overall, the weekly bullish triangle breakout and Fibonacci levels guide the next XRP price moves.

Bitcoin surged to new August highs, reaching $118,760 on Bitstamp. Traders now eye a Bitcoin short squeeze. They highlight support at the CME futures gap around $116,500 and a weekly close above $117,200. A 10% rally could liquidate over $18B in BTC shorts, potentially driving Bitcoin to $120,000. Last weekend’s moves triggered about $350M in liquidations, boosting bullish sentiment. Analysts like Rekt Capital, BitBull, Merlijn and Ted Pillows point to large liquidity pools above current levels. They expect a gap fill at $116,500 before further upside. Minor retracements may occur when traditional markets reopen. But the Bitcoin short squeeze remains the central theme. Traders also watch ether (ETH) after its multi-year highs.

BlackRock has confirmed it does not plan to launch a spot XRP ETF or SOL spot ETF in the near term, despite strong market speculation. A spokesperson told The Block that regulatory clarity remains a priority before filing any new products. Since March and April, futures-based XRP and SOL ETFs have attracted over $1 billion in new capital, but BlackRock’s focus stays on Bitcoin and Ethereum products. Meanwhile, other asset managers—ProShares, WisdomTree, 21Shares, Canary and Bitwise—have already filed for a spot XRP ETF with the SEC. Bloomberg analysts now assign a 90% approval odds for spot ETFs on XRP, DOGE and ADA by the end of 2025. Canada’s 3iQ has beaten the U.S. to market, listing spot XRP ETFs (XPRQ, XPRQ.U) on the Toronto Stock Exchange in June, amassing around $50 million in assets. Ripple’s recent legal victory over the SEC sent XRP up 11% to $3.33, while Ethereum gained 7% to $3,908 ahead of network upgrades and proposed ETH-based ETFs. Traders should temper short-term expectations for BlackRock filings but watch ongoing legal and regulatory developments for potential long-term catalysts.

Solana price prediction is gaining momentum as SOL nears the $200 level. Analysts forecast a short-term breakout supported by low fees, fast transactions, network growth, DeFi and NFT adoption, and potential institutional Solana ETF approvals. Meanwhile, PayFi project Remittix has raised over $18.5 million in its presale at $0.09 per RTX, offering a 40% token bonus, 20% referral rewards, and a $250,000 token giveaway. The mobile beta wallet launching in Q3 2025 will support instant transfers, fiat cashouts and cross-chain swaps. Remittix’s upcoming CEX debut is expected to boost RTX liquidity. Traders should watch Solana price resistance at $200 and the Remittix listing timeline for short-term trading signals and longer-term portfolio rebalancing opportunities.

On August 8, El Salvador’s Bitcoin Office announced plans to open the world’s first fully Bitcoin-based bank. The Bitcoin Bank will offer BTC deposits, lending, payments and remittance services, embedding cryptocurrency deep into the national financial system. Since adopting Bitcoin as legal tender in September 2021, El Salvador has rolled out the Chivo wallet, launched geothermal-powered mining and amassed reserves of 6,264 BTC (over $730 million). The initiative ties into a pending 2024 Bank for Private Investment (BPI) bill that would let banks operate in dollars and Bitcoin under lighter rules. The IMF has warned of Bitcoin’s high volatility and weak consumer safeguards. Under a $1.4 billion aid deal, El Salvador paused new BTC purchases but continues internal wallet transfers to grow reserves. Key challenges include price swings, a local preference for the US dollar, legislative gaps and trust issues over reserve management. A dedicated Bitcoin Bank could boost on-chain liquidity and remittance flows while reinforcing BTC as legal tender. Traders should monitor regulatory updates and reserve accumulation for potential market impacts.

Peter Schiff, the economist and gold advocate, has reiterated his preference for Bitcoin over Ethereum despite Ethereum’s recent price surge to about $4,200 and strong inflows into Ethereum ETFs. He stated that while he holds neither digital asset, he would choose Bitcoin for its long-term stability and predictability, contrasting it with Ethereum’s volatility. Schiff also argued that Michael Saylor’s MicroStrategy would have been stronger if it had diversified into gold alongside its Bitcoin acquisitions. This comes as Bitcoin’s market dominance dipped to 59.1% and Ethereum’s climbed to 13%, with institutional inflows of $461 million into Ethereum ETFs compared to $403.9 million into Bitcoin ETFs. Traders should watch how Schiff’s endorsement influences Bitcoin sentiment and price action, even as Ethereum and other altcoins continue to draw capital.

Economist Henrik Zeberg warns that Bitcoin’s rally is at risk if the Nasdaq undergoes a significant correction. With Bitcoin trading above $110,000, its performance shows a strong correlation with high-growth tech stocks, as US market cap-to-GDP ratios now exceed pre-2007 crisis levels. This tech bubble raises the risk of a sharp pullback. A downturn in the Nasdaq could trigger cascading Bitcoin sell-offs and heighten crypto market volatility. Traders should monitor equity indices and market cap-to-GDP metrics, and maintain robust risk-management strategies amid these risk-off scenarios.