Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Core Scientific saw its Q2 Bitcoin mining revenue slump 62% year-on-year to $62.4 million. Hosting revenue dropped to $5.6 million, and gross profit plunged to $5 million. The planned all-stock merger with GPU cloud provider CoreWeave is pending shareholder approval and regulatory clearance. The deal aims to combine mining capacity and data centre operations to boost efficiency. Rising network difficulty, energy costs and BTC price volatility squeezed Bitcoin mining margins across the sector. Traders should watch for the shareholder vote on the CoreWeave merger and any cost-cutting measures as Core Scientific seeks financial recovery and potential upside in mining profitability.

Several publicly traded firms, including Floral Growth Corp, Hyperscale Data Inc., Quantum BioPharma, and Worksport Ltd, have quietly added XRP to their corporate treasuries alongside other holdings such as SOL and ETH. The moves, revealed in recent SEC filings (Forms 6-K, 8-K, and 10-Q), reflect XRP’s enterprise-grade design, low transaction fees, and real-time settlement on the XRP Ledger. Firms cite improved regulatory clarity after a 2023 court ruling that secondary XRP sales are not securities. Quantum BioPharma disclosed 100,000 XRP custodied with BitGo, while Hyperscale Data’s Ault Capital Group acquired $10 million in XRP and will report monthly asset updates. Although corporate XRP positions remain small compared to BTC and ETH, this under-the-radar trend signals growing institutional confidence that could boost demand, support XRP prices, and enhance market liquidity.

Chainlink (LINK) has soared over 32% this week, climbing from $15.43 on August 3 to an intraday peak of $21.46. At press time, LINK trades near $21.04, up 8.25% in 24 hours. The rally is fueled by intense whale activity, with large transactions surging 863% to 60.76 million LINK (about $1.21 billion) in a single day, according to IntoTheBlock. Meanwhile, Santiment reports a 4.2% increase in wallets holding 100,000–1 million LINK since early August, lifting their share of total LINK supply by 0.67%. Traders now eye key resistance levels at $26 and $30. Adding to bullish sentiment, Chainlink launched its on-chain Chainlink Reserve on Ethereum. This smart contract has already amassed over $1 million in LINK tokens from off-chain revenue and on-chain fees, signaling strong network growth and long-term sustainability.

Bitcoin dominance has fallen to 45%, marking a two-week low as institutional investment and growth in crypto ETFs fuel a rotation into altcoins. Dogecoin (DOGE) and XRP saw rallies of around 10% and 8% respectively, driven by growing ETF momentum and structural market shifts. While Bitcoin (BTC) price remains stable on continued institutional buying, traders are targeting utility-focused altcoins, anticipating increased volatility and liquidity across secondary tokens. Monitoring Bitcoin dominance trends and altcoin performance can help traders identify entry points and manage risk amid a potential altcoin season.

Ethereum price jumped 7.7% to $4,205 after breaching the $4,238 resistance level, marking its top gain among major cryptocurrencies. Despite a brief false breakout on the hourly chart, the coin holds above the $3,941 barrier on higher timeframes, reinforcing bullish momentum. Traders should watch $4,093 as key support; a sustained hold may fuel a push toward $4,400 in the short term and test $4,500 by month-end. Analysts recommend using the Average True Range (ATR) to gauge volatility and momentum. This Ethereum price rally reflects renewed investor confidence, likely drawing both short-term momentum traders and long-term holders.

Glassnode co-founders Jan Happel and Yann Alleman identify a strong Ethereum accumulation phase, with price dips on Fridays and Saturdays over the past 30 days marking prime weekend buying opportunities. They argue that if Ethereum accumulation leads to a sustained $4,000 support level, it could trigger a robust rally. This view is reinforced by Bitcoin network growth indicators—which last surged in early April and preceded a 100% ETH gain—underscoring the predictive power of BTC metrics for ETH price movements. Currently trading near $3,955 (+3.2% in 24h), Ethereum’s price action aligns with these bullish signals. Traders should closely watch the $4,000 support test and consider weekend accumulation strategies to position for a potential breakout.

CrediX Finance experienced a $4.5 million DeFi exploit on August 4, when attackers gained control of its multisig admin and bridge wallets, minted tokens as collateral, and drained liquidity pools. The protocol paused deposits and announced negotiations with the exploiter, promising reimbursements within 24–48 hours. However, on August 5, CrediX Finance went dark after security firms CertiK and SlowMist flagged a likely exit scam: its website, X account and Telegram channel were deleted. Affected partners—including Euler (EUL), Sonic Labs, Beets (BEETS) and Trevee—are pursuing legal action. Stability DAO traced stolen funds, accessed KYC data for two team members and is preparing lawsuits. Trevee also disclosed exposure of a $1.6 million scUSD loan to Stability’s metaUSD. Law enforcement and cybercrime units are now involved. Traders should monitor recovery efforts, exit-scam investigations and conduct thorough due diligence before investing in unaudited DeFi projects.

Crypto analyst Javon Marks spots a long-term falling wedge pattern in Cardano’s (ADA) chart that began in early 2025. The breakout above the wedge has fueled a bullish outlook, driving ADA up to around $0.80 by 8% in 24 hours and over 10% weekly. Marks predicts a 52% rally to $1.20 in this Cardano price prediction. A confirmed breakout could trigger a larger bull cycle, potentially pushing ADA towards $2.90—a 261% gain. Key resistance levels to watch are $0.99, $1.10 and $1.20. Critical support lies between $0.61 and $0.68, with zones at $0.64 and $0.70 shaping near-term momentum. Trading volume near $1.71 billion underscores renewed interest. Despite a 31% drop in daily volume, ADA has climbed nearly 30% in the past month. Community sentiment ranks second among major cryptocurrencies, reflecting robust confidence. Traders should monitor a sustained volume uptick and a confirmed wedge breakout above resistance to validate this Cardano price prediction and leverage potential short- and long-term upside.

Fed governor Chris Waller has emerged as the leading contender to succeed Jerome Powell as Fed Chair, with Polymarket odds around 45%. He dissented at the last FOMC meeting, voting for an immediate 25bps rate cut, reflecting political momentum for easing strengthened by former President Trump’s criticism of high rates. A PhD in monetary theory, Waller built the FRED database at the St. Louis Fed. He views most cryptocurrencies as speculative “trading cards” but champions regulated stablecoins for payment efficiency and global dollar expansion, urging Congress to legislate stablecoin reserves and prevent runs. Waller also recognizes DeFi’s benefits, such as 24/7 settlement and smart-contract automation. If confirmed, the new Fed Chair could accelerate rate cuts once inflation cools, boosting liquidity and risk assets. His pro-stablecoin stance and clearer crypto regulation may reduce policy uncertainty and support a bullish crypto market outlook. The current crypto market cap stands at $3.87 trillion with daily volume of $174.14 billion; traders should watch tokens poised for compliant tokenization.

ICBA has filed a seven-page objection to Ripple’s bank charter application with the OCC, warning that approving the Ripple bank charter would allow Ripple National Trust Bank to use its RLUSD stablecoin via the XRP Ledger to mimic deposit services and bypass Federal Reserve oversight. The ICBA cites a Treasury report forecasting up to $6.6 trillion could shift into stablecoins and points to past AML and securities compliance issues. It urges formal rulemaking for stricter stablecoin regulation within trust banks. This dispute highlights broader tensions over integrating crypto services into traditional banking and could set a precedent for future fintech bank charter applications.

El Salvador plans to launch Bitcoin banks through its National Bitcoin Office, aiming to integrate digital assets with traditional finance. These Bitcoin banks, operating alongside existing services, will support BTC and USD transactions, require a minimum $50 million capital, and allow foreign shareholders. Building on the 2021 legal tender status of Bitcoin and the Chivo Wallet platform, the reform also loosens rules for private banks handling digital assets. Holding over 6 250 BTC (valued above $730 million) and pausing new purchases under an IMF agreement, El Salvador seeks to attract foreign crypto investment, expand financial inclusion, and strengthen its national Bitcoin reserves. Analysts cite volatility and regulatory risks but view the move as a potential model for crypto banking in emerging markets.

XRP’s MVRV ratio has flashed a rare golden cross, a bullish signal that historically preceded rallies of 630% and 54%. This technical breakout follows Ripple and the SEC jointly dropping appeals in their five-year lawsuit, boosting market confidence. XRP traded near $3.32, up 12% over the past week. On the derivatives side, 24-hour futures volume surged 208% to $12.4 billion—surpassing Solana (SOL)—while open interest rose 15% to $5.9 billion. If this bullish momentum continues, traders may test resistance at $3.66 and target $5.11 for a 54% gain or even $24 for a 630% rally. Key support levels lie at $3.00, $2.96 and the 50-day simple moving average of $2.76. Positive funding rates suggest higher liquidation risk for shorts in the short term. These factors position XRP for a potential bullish run, making price targets and technical levels critical for traders.

VivoPower International PLC plans a $100 million Ripple investment to boost its XRP exposure and shareholder value. Pending Ripple’s approval, VivoPower will acquire Ripple shares directly from existing stakeholders and continue buying XRP tokens. This Ripple investment strategy combines equity and token holdings, making VivoPower the first US public company to diversify its digital asset treasury with both Ripple equity and XRP. BitGo will provide custody services, while Nasdaq Private Market handles share transactions. An independent auditor will review holdings quarterly. Based on Ripple’s escrowed XRP, VivoPower estimates an implied acquisition cost of $0.47 per XRP—an 86% discount to market price. Management forecasts each $10 million in Ripple shares could add $5.15 per VivoPower share, subject to market volatility. The announcement drove VivoPower shares up 32.12%, with a further 4.51% gain in after-hours trading. The move underscores growing corporate interest in diversified digital asset treasuries. Meanwhile, South Korean custodian BDACS launched regulated XRP custody services via Ripple Custody.

Solana (SOL) is gaining institutional traction after Bit Mining’s $4.9M acquisition and its own validator node launch, trading near $175. Analysts see SOL climbing to $190–220 and even $250–$300 as derivatives open interest tops $11.8 billion, daily volume exceeds $4.6 billion, and on-chain activity surpasses 65 million transactions amid growing validator counts and low fees. Cardano (ADA) has rallied 58% from June lows, clearing $0.75–0.84 resistance with a golden cross and breakout from a descending channel, pushing technical targets toward $1.65, bolstered by the Plomin hard fork and rising ETF speculation. Meanwhile, Remittix (RTX) has raised $18.3 million, secured 50 K holders and offers cross-border crypto-to-fiat transfers in 30 + countries across Ethereum, Solana and more, backed by API-ready enterprise tools, a deflationary burn model and CertiK certification. With a planned Q3 2025 wallet beta and a $250 K community giveaway, Remittix positions itself as a high-utility PayFi token for traders seeking long-term growth amid the SOL and ADA uptrend.

Ethereum transaction volume reached a new high on August 5, 2025, when daily transactions hit 1.74 million. July saw total transfers climb to 46.67 million, and active addresses rose to 683,520, near the 2021 peak. The surge is driven by booming DeFi usage, stablecoin transfers—especially Ethena’s USDe—and advanced yield strategies ahead of anticipated rate cuts. Protocol upgrades such as EIP-4844 and the Dencun update have improved scalability and reduced fees, while on-chain activity topped $238 billion in July. Institutional interest, clearer US regulations, and corporate treasury adoption—pushing ETH holdings above $7.5 billion—have bolstered confidence despite price gains lagging volume. Since April, ETH’s price has climbed 163% toward $4,000. Proposed Ethereum staking ETFs and partnerships, notably with Aave boosting USDe to a $9 billion market cap, are expected to further sustain growth. Traders should watch Ethereum transaction volume, active addresses, upcoming network upgrades, and regulatory developments for both short-term opportunities and long-term investment strategies.

Cardano (ADA) gained 4.88% in the past 24 hours, with trading volume surging 74% as BTC struggled to clear $117.5K resistance. ADA tested the 61.8% Fibonacci retracement at $0.673 before reclaiming the June high of $0.73 as support. On-chain metrics, including a Chaikin Money Flow (CMF) reading of +0.06 and a MACD above zero, signal continued buying pressure and bullish momentum. Targets based on Fibonacci extensions and late-2024 resistance stand at $1.03 and $1.20. On the 2-hour chart, ADA flipped the $0.78 resistance into support, reinforced by the Money Flow Index (MFI) and CMF. Traders should watch the $0.755 support level for potential entries. If ADA maintains this level, further upside toward $1.03 and $1.20 becomes likely. Market participants will track BTC’s next move to assess the sustainability of this rally.

Lido announced on August 4 that it will cut 15% of its workforce to control costs and ensure long-term sustainability. This job cut comes as institutional ETH staking growth accelerates. Data since July 21 shows more ETH queued for unstaking than new stakes, with a peak differential of 500,000 ETH, while strategic reserves like BitMine and SharpLink have amassed 1.35 million ETH. Institutions favour centralized staking services such as Anchorage, Coinbase Custody and offline ETF staking for clear compliance, liability and insurance coverage. On July 30, the SEC clarified that certain liquid staking derivatives are not securities, paving the way for spot ETH staking ETFs by BlackRock and others. In the short term, LSD tokens like PRL and SWELL jumped over 18%. In the long run, low-fee, professionally managed staking ETFs may challenge decentralized platforms like Lido. Traders should monitor ETH staking yields, LSD token spreads and ETF launch timelines.

An ETH short squeeze wiped out $105M as Ether surged past $4,000. Short liquidations made up 53% of total crypto short liquidations, with $199.6M canceled out across markets. Over 24 hours, combined ETH long and short liquidations hit $129.2M. ETH peaked at $4,060 before settling near $4,015. Traders now eye a breakout above the $4,100 resistance level. A decisive move could trigger another ETH short squeeze toward $4,400–$4,500. Spot Ethereum ETF inflows reached $537M over four days, supporting the rally and indicating rising institutional demand. On X, Eric Trump noted ETH shorts were “smoked”. Analyst Ash Crypto flagged $4.1K as critical, while trader Moustache pointed to a bullish wedge pattern. Fundstrat’s Tom Lee compared this rally to Bitcoin’s 2017 run and set a $16,000 target. This event underscores robust bullish momentum and a positive Ethereum market outlook.

Coinbase DEX is now available as a self-custody feature within the Coinbase app on the Base network—an Ethereum Layer 2 chain incubated by Coinbase—allowing U.S. users outside New York to trade millions of on-chain tokens directly. The Coinbase DEX integration embeds DEX aggregators for optimal price execution, with Coinbase covering Base network fees to facilitate low-cost swaps funded by existing Coinbase balances or USDC. The platform selectively blocks malicious tokens flagged by third-party vendors and leverages on-chain data to provide transparent risk insights. In the coming weeks, Coinbase will batch-index new assets on Base for near-instant trades and plans to extend DEX support to Solana, challenging standalone wallets with unified swaps, fiat on-ramps and fee sponsorship. A global rollout beyond the U.S. is also in the pipeline, marking a significant step towards seamless, multi-chain DeFi access on a trusted platform.

LD Capital founder Jack Yi has set an Ethereum price target of $5,000 after ETH cleared its $4,000 resistance. He also forecasts the ETH/BTC ratio rising to 0.1, underscoring Ethereum’s strength against Bitcoin. Yi advises traders to buy on dips and use dollar-cost averaging to optimize entry during pullbacks. He expects upcoming interest rate cuts to spark a quality altcoin season and highlights tokens such as ENA, AAVE and UNI for potential tenfold gains. This Ethereum price target reflects strong bullish sentiment and offers a clear roadmap for traders to manage risk and capture market gains.

BlackRock’s proposed Solana ETF has sparked a market fairness debate. ETF analyst James Seyffart warns that late entry could undercut smaller ETF issuers like VanEck, Bitwise, Grayscale and Fidelity who prepared applications with the SEC months earlier. The SEC has delayed Solana ETF approvals and requested amendments, prolonging regulatory review. If demand for a standalone Solana ETF proves weak, BlackRock may pivot to a broader crypto index product covering multiple assets. NovaDius president Nate Geraci suggests BlackRock is watching competitors and could opt in once market appetite is clear. With Bitcoin and Ethereum making up about 90% of crypto market cap, traders view this development as a neutral event for Solana ETF prospects while highlighting competition, regulatory delays and product strategy in the evolving crypto ETF sector.

Vitalik Buterin, Ethereum co-founder, has reversed his earlier stance to endorse ETH treasuries for corporate reserves. In a recent Bankless talk, he praised ETH treasuries as “good and valuable” for diversifying balance sheets and boosting financial flexibility, while warning that overleveraging could spark volatility or an ETH price collapse. This marks a departure from his October 2024 criticism of Bitcoin stacking, which he then deemed contrary to crypto’s ethos. Buterin highlighted the importance of setting prudent exposure limits and balanced finance strategies to safeguard market stability and long-term growth in the Ethereum ecosystem.

Former Montenegro Justice Minister Andrej Milović has proposed issuing €500 million in five-year government bonds to fund a national digital reserve of Bitcoin and Ethereum. He aims to establish a public crypto treasury. Milović predicts the reserve could grow to $3–5 billion over five years. He cited U.S. precedents and forecast strong Bitcoin and Ethereum price gains by 2030. The plan highlights Bitcoin’s role as a store of value and “digital gold”. It also underscores Ethereum’s importance in decentralized finance and smart contracts. Milović brings credibility from his leadership in investigating Terraform Labs founder Do Kwon after the Terra-Luna collapse. Supporters argue a Bitcoin and Ethereum reserve would diversify state assets. They expect it to boost economic growth, attract blockchain talent, and signal technological leadership. However, market volatility, regulatory uncertainty, and security risks remain key challenges. For success, the proposal requires a robust legal framework and comprehensive risk management. If approved, Montenegro could become a pioneer in government-backed crypto investment and strengthen confidence in national crypto strategies.

Swiss banks Sygnum and Amina have rolled out regulated custody, trading and lending services for the SUI coin to professional investors. Sygnum now allows clients to hold, trade and borrow against SUI under Swiss financial rules, while Amina claims to be the first regulated bank globally to back SUI’s native token. The announcements doubled daily trading volume to 36.45 million SUI and lifted the price by 4% to $3.82, as traders defended key support around $3.73. Developed by Mysten Labs, the Sui network uses an “objects” data model for high-speed, low-cost transactions. Expanded institutional access through Swiss banks signals growing confidence in SUI and may drive both short-term momentum and long-term on-chain and enterprise adoption.

Block has confirmed plans to launch advanced 3nm Bitcoin mining chips in the second half of 2025. These proprietary ASIC devices aim to cut energy consumption and boost processing power, lowering operational costs and democratizing mining by making high-end hardware more accessible. The move marks Block’s entry as a large-scale mining hardware provider and aligns with Jack Dorsey’s vision of Bitcoin as an open protocol for seamless, low-cost cross-border payments. Integrated with Block’s broader ecosystem—including Cash App’s 8 million Bitcoin users and upcoming Square seller payments—these chips reinforce the firm’s strategic investment in Bitcoin infrastructure. Traders should monitor shifts in Bitcoin mining economics, potential increases in network decentralization, and a likely uptick in on-chain activity as the new hardware rolls out.

Stablecoin adoption in Yiwu remains limited despite on-chain flow estimates between $10 billion and $100 billion. Local exporters cite low awareness, domestic regulatory risks, and lack of bank records for export tax refunds as key barriers. Although stablecoins offer instant settlement, low fees, and value stability, compliance hurdles under mainland rules curb broader use. A compliant model leverages a Hong Kong entity under the new Stablecoin Ordinance effective August 1. Key requirements include 100% reserve backing, redemption rights, KYC for high-value transactions, and AML/CFT monitoring. Exporters invoice via Hong Kong, convert stablecoins to fiat under Hong Kong regulation, then remit proceeds to the mainland, cutting costs and boosting efficiency.

Ethereum ETF inflows surged from July through August, lifting ETH from $2,400 to about $3,300 as robust spot inflows and corporate demand fuelled its rally. Net flows into Ethereum ETFs were positive on all but three days since July 1, while asset managers like SharpLink continue accumulating ETH regardless of price. Glassnode’s on-chain Net Unrealized Profit/Loss metric remains below last bull-run highs, indicating room for further gains. Standard Chartered sets a $4,000 year-end price target, and BitMine’s Tom Lee forecasts Ethereum could hit $16,000 by 2025. The broader altcoin market broke above $1.2 trillion resistance, reflecting growing bullish sentiment as traders rotate capital. Traders should monitor Ethereum ETF inflows, on-chain metrics and the $4,000 resistance level to refine entry and exit strategies.

California federal judge Michael Fitzgerald granted partial class-action status to EthereumMax investors, allowing state-level suits in New York, California, Florida and New Jersey while blocking a nationwide claim. Plaintiffs allege that EthereumMax promoters—including Kim Kardashian, Floyd Mayweather and Paul Pierce—pumped and dumped the EMAX token during its 2021 launch, inflating prices over 116,000% before crashing. Defendants also include EMAX Holdings, co-founder Giovanni Perone and spokesperson Jona Rechnitz. The suit follows an initial dismissal in December 2022 and a mid-2023 refiling. This approval underscores growing regulatory scrutiny of celebrity crypto endorsements. Traders should note the risks of celebrity-backed pump and dump schemes and conduct thorough due diligence.

Chinese regulators ordered brokerages and think tanks to halt stablecoin seminars and research in late July and early August, citing fraud risk. This move kicks off a stablecoin crackdown and investor protection drive. It follows Beijing’s mixed crypto policy signals, including new stablecoin regulations and Hong Kong’s designation as a digital asset hub. Despite a domestic ban on cryptocurrency transactions, mainland OTC trading reached $75 billion in the first nine months of 2024, Chainalysis reports. Authorities also issued warnings on illicit fundraising via virtual currencies and stablecoins in Beijing, Suzhou and Zhejiang to curb a herd mentality. Reports suggest China is exploring a strategic Bitcoin reserve. Traders should monitor regulatory tightening, as these developments could reshape regional market dynamics.