Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

REX Shares and Tuttle Capital have launched the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) on Cboe, marking the first 2× leveraged ETF tracking Galaxy Digital Holdings stock. This leveraged ETF aims to deliver twice the daily performance of Galaxy Digital shares through a daily rebalancing mechanism. Designed for active traders seeking amplified exposure to the digital asset sector, GLXU broadens REX’s T-REX lineup, which already includes 2× and inverse leveraged ETFs on Bitcoin (BTC) and Ethereum (ETH), as well as 2× leveraged and inverse MicroStrategy (MSTR) ETFs. Accessible via standard brokerage accounts without direct cryptocurrency holdings, this high-risk, high-reward leveraged ETF provides a precision tool for short-term bullish bets on a core crypto finance platform.

RWA tokenization has stalled at a $25B market cap, trailing weekly ETF inflows of over $25B despite a 260% surge in H1 2025. According to JPMorgan, traditional banks and asset managers remain on the sidelines, leaving crypto-native firms and VCs to drive this niche. Demand for tokenized U.S. Treasuries and private credit is rising, and institutions like JPMorgan (Project Guardian), Kinexys and Goldman Sachs are exploring platforms. RWA tokenization offers predictable yields and 24/7 trading, appealing to conservative investors. However, ETFs maintain dominance with superior liquidity, regulation and depth. Meanwhile, South Korea’s FIU launched a 50M-won AML review of stablecoin transfers to align with global standards by late 2025. Traders should monitor institutional sentiment and stablecoin rules, which could affect liquidity and risk in tokenized assets.

Ukraine’s parliament will conduct the first reading of the Ukraine crypto bill in late August 2025, aiming to fill legal gaps in crypto regulation and align rules with EU standards. The proposed law introduces a 10% crypto tax—5% income tax plus a 5% military levy—to legalize previously acquired digital assets, building on December 2024’s securities-style trade tax proposal and April 2025’s regulator-backed rates up to 23%. The draft also permits the National Bank to add Bitcoin reserves; Ukraine already holds 46,351 BTC, ranking fourth among government holders. If the Ukraine crypto bill passes, traders can expect clearer crypto regulation, boosted investor confidence, and potential upticks in Bitcoin demand across Europe.

In a milestone, Aave topped $60 billion in net deposits across 14 networks, a threefold year-on-year rise. Hours later, a sophisticated Aave phishing attack surfaced via Google Ads. Scammers served fake ads leading to lookalike sites (eg aaxe.co.com), prompting victims to connect wallets. This Aave phishing attack then used malicious transaction signatures to drain funds irrevocably. Although no losses have been reported yet, this Google Ads scam highlights mounting DeFi security risks. Last year, crypto users lost over $4.6 billion to scams, with AI-driven phishing on the rise. AAVE price jumped nearly 6% to $271 on the news. Traders should verify ad sources, double-check URLs for typos, use tools like Revoke.cash to revoke approvals, and keep wallet security tight.

XRP surged over 13% to $3.36 and settled near $3.32 on August 7 after Ripple Labs and the U.S. Securities and Exchange Commission (SEC) formally dropped all appeals in their four-year legal dispute. The ruling upheld Judge Analisa Torres’s 2023 decision that sales of XRP on public exchanges do not constitute securities, while institutional sales remain regulated following a $125 million fine paid by Ripple. 24-hour trading volume spiked 189% to $11.8 billion, pushing XRP’s market capitalization to $198 billion and reflecting renewed investor confidence. The case closure injected $20 billion of fresh capital into the market. Traders see the dismissal as a major regulatory milestone that offers ongoing regulatory clarity and sets a U.S. precedent for future SEC enforcement. Technical analysis points to potential upside toward $5. Overall, the news is expected to be bullish for XRP, enhancing short-term momentum and supporting long-term adoption.

Paxos has agreed to a $48.5 million settlement with the New York Department of Financial Services (NYDFS) over inadequate oversight of BUSD, the stablecoin it issued with Binance. The deal includes a $26.5 million fine and a $22 million investment in Paxos’s AML compliance program. An NYDFS review found that between 2017 and 2022, lax geofencing, weak sanctions controls and poor KYC allowed about $1.6 billion in illicit transactions to flow through BUSD. Paxos failed to flag suspicious activity or escalate red flags, and lacked clear procedures for law enforcement requests. Paxos ceased issuing BUSD in early 2023 under NYDFS order. Licensed as a limited-purpose trust company since 2015, it has since rebranded as a compliance-focused blockchain infrastructure provider. Paxos says all historical AML shortcomings are fully addressed and continues to issue other regulated stablecoins, including Pax Dollar (USDP) and PayPal USD (PYUSD). Traders should note that this Paxos settlement may reinforce compliance standards but is unlikely to affect current stablecoin markets.

Block Inc boosted its Bitcoin holdings in Q2 2025 by adding 108 BTC at a cost of $11 million. Combined with 207 BTC from Q1, its total BTC holdings reached 8,692 BTC, valued at about $1.15 billion. The company posted a $212.2 million Bitcoin revaluation gain, reversing a $70.1 million loss from last year. Block reported Q2 revenue of $6.05 billion and a gross profit of $2.54 billion, up 1.5% and 9% quarter-on-quarter. Cash App facilitated $2.14 billion in Bitcoin sales, generating $66 million in gross profit despite narrow margins. CEO Jack Dorsey also unveiled Bitchat, a decentralized messaging app test version, underscoring Block’s broader Web3 and digital asset exposure strategy. Block has raised its full-year profit forecast and joins peers in adopting a corporate Bitcoin strategy.

OpenAI has launched GPT-5 and GPT-5 Pro. Both feature an AI-driven real-time routing system that auto-selects the best submodel per task. GPT-5 delivers up to 80% fewer factual errors than GPT-4o. It excels in multimodal AI, handling images, videos, spatial data and graphs. The Pro version supports longer computations and was preferred in 68% of expert evaluations. New safety protocols and extensive testing ensure more reliable outputs. GPT-5 is now available to Plus, Pro, Team and Free users, with Enterprise and Education tiers rolling out soon. Crypto traders can leverage GPT-5’s enhanced AI capabilities for faster market analysis and improved trading strategies.

GMXSOL has launched its first real-world-asset (RWA) perpetual S&P 500 ETF contract (SPY/USD) on the Solana blockchain. The perpetual S&P 500 ETF contract went live on August 8, 2025, powered by Chainlink Data Streams for real-time SPY pricing. This move taps into growing demand for tokenized real-world assets. The global RWA sector is projected to reach $30 trillion by 2030, while on-chain tokenized assets surged to $25.4 billion, up 17% in the past month. By integrating Chainlink’s feeds, GMXSOL ensures accurate, low-latency prices. The platform leverages Solana’s high throughput and low fees to deliver a seamless trading experience. Traders can now access leveraged SPY/USD positions without relying on centralized intermediaries. This perpetual S&P 500 ETF contract could attract fresh liquidity into DeFi and reshape capital flows between traditional and decentralized markets. The launch aligns with U.S. regulatory advances such as the GENIUS Act and the SEC’s Project Crypto, which aim to bring traditional markets on-chain.

Onchain analytics firm Glassnode reports that 70% of Bitcoin short-term holders are currently in profit, reflecting market stability despite recent price pullbacks. The profit-taking metric among these holders has cooled to 45%, indicating neutral sell pressure. On August 5, Bitcoin ETFs recorded a net outflow of 1,500 BTC—the largest since April 2025—although historical trends show such ETF outflows are typically brief. Glassnode flags $116,900 as a critical resistance level: a decisive break above could signal renewed bullish momentum, while failure to clear it may risk a deeper correction toward $110,000. With Bitcoin trading near $116,800 and up over 2% in 24 hours, traders should monitor Bitcoin short-term holders’ behavior, ETF flow trends and the $116,900 resistance to gauge both short- and long-term market direction.

Ukraine crypto regulation will enter a new phase as the National Bank of Ukraine (NBU) legalises and regulates virtual assets under EU MiCA and FATF standards. Governor Andriy Pyshnyy confirmed that crypto assets can be owned and traded but cannot serve as legal tender. The ban on crypto payments aims to preserve monetary sovereignty and maintain wartime capital controls. Meanwhile, the NBU is piloting its CBDC, the e-hryvnia, in collaboration with the ECB, Bundesbank and Bank of Singapore. Lawmakers propose including Bitcoin (BTC) in national reserves and de-shadowing the OTC market. Traders should watch for increased trading volumes driven by clearer Ukraine crypto regulation, while payment restrictions may limit broader adoption.

Streamex Exchange Corporation has launched a Nasdaq-listed gold tokenization platform to bring physical bullion into the digital economy. The gold tokenization solution offers a regulated, programmable, liquid and borderless store of value backed by audited, vault-held gold. The platform launch follows Streamex’s strategic merger with BioSig Technologies and acquisition of a FINRA- and SEC-registered broker-dealer, ensuring full regulatory compliance for issuance, trading and custody. Operating under U.S. oversight, the real-world asset tokenization service targets institutional investors seeking stable digital instruments amid inflation and currency volatility. CEO Henry McPhee and Executive Chairman Morgan Lekstrom leverage deep financial and mining expertise, respectively, to secure robust gold sourcing and seamless DeFi integration.

Binance and Mastercard have launched instant euro crypto withdrawals across the EEA and UK, powered by Mastercard Move. Integrated into Binance’s Buy & Sell Crypto interface, the instant euro crypto withdrawals feature lets users convert cryptocurrency or existing euro balances into spendable funds on a linked Mastercard debit or credit card with near-instant settlement. Users can select “Sell to Card” to convert digital assets directly or “Withdraw to Card” for existing euro balances. The service currently supports only euro transactions, with plans to add more fiat currencies. If a bank transfer fails, users receive compensation in USDC to retry withdrawals or opt for a bank transfer. Binance’s Thomas Gregory and Mastercard’s Scott Abrahams emphasised that this crypto off-ramp narrows the gap between digital assets and everyday payments, underpinned by robust security and compliance to meet Europe’s regulations.

President Donald Trump’s “Fair Banking for All Americans” executive order bars banks from crypto debanking or denying services based solely on reputational risk. It officially ends the Biden-era Operation Chokepoint 2.0 policy. Banks must not de-risk or close accounts without valid cause. The White House will review past complaints and supervisory records to identify instances of crypto debanking linked to protected beliefs, potentially offering remedies for affected firms. Industry voices welcomed the directive as a safeguard against undue exclusion. By removing barriers to banking partnerships, the order aims to boost liquidity and expand USD on-ramps. Traders should monitor banks’ compliance and the rollout of new services for market signals.

XRP futures volume surged over 200% in the past 24 hours to $12.4 billion, overtaking Solana’s $9.6 billion after the dismissal of Ripple’s legal appeal with the SEC. Open interest climbed 15% to $5 billion, while a positive 0.01% funding rate indicates long bias. A cost-basis heatmap shows strong support at $2.80–$2.82, where over 1.7 billion XRP are held. Technically, XRP broke above a bull flag pattern with confirming volume, pointing to a $4.50 target by September or October. Anticipation of a Fed rate cut this fall could further fuel risk assets, including XRP. With XRP futures volume climbing and bullish chart signals, traders should monitor liquidation risks from overleveraged longs and defend the $2.80 support zone.

China’s financial authorities have banned stablecoin promotions, research, and seminars in a fresh stablecoin regulation move to curb fraud and speculative trading. Banks must now flag high-risk crypto trades linked to cross-border gambling and underground banking. Conversely, Hong Kong has launched a six-month framework for stablecoin issuance, with Standard Chartered, Animoca Brands, JD.com, and Ant Group Singapore among registrants planning HKD stablecoins. Offshore yuan stablecoins are also emerging: Conflux’s yuan-backed token (CFX) and AnchorX’s AxCNH have received approvals for Belt and Road markets. This approach reflects China’s dual strategy in stablecoin regulation, balancing strict onshore control with proactive offshore issuance to extend its digital asset influence.

On August 8, the original Dogwifhat Hat—the knitted beanie that inspired the WIF meme coin—sold for 6.8 BTC (≈$793,000) on Ordcity’s Bitcoin Ordinals platform. The landmark Dogwifhat Hat sale underlines growing demand for crypto collectibles and narrative-driven assets. After inscription via Bitcoin Ordinals, the WIF token jumped 5.7% in 24 hours, trading near $0.96 as volume surged 74%. With a market cap of $296 million, WIF remains 80% below its $4.83 high. BagsApp founder Finn, the auction winner, hints at future Dogwifhat projects. This milestone may boost meme coin liquidity and trader focus on digital and physical collectible markets.

Ethereum price surged above $3,900 on OKX, reaching up to $3,904 and marking intraday gains of around 1.65–1.75%. The Ethereum price rally was driven by renewed buying pressure as trading volume spiked. ETH held support near $3,800 in recent sessions and now tests key resistance around $4,000. Strong market volatility and high liquidity suggest potential for further upside. Traders are eyeing both spot and futures markets for additional buying opportunities. This bullish momentum in the crypto market could influence short-term trading strategies.

Binance has strengthened its crypto custody offering by partnering with Spain’s BBVA to hold customer assets as US Treasuries in an off-exchange custody service separate from its trading operations and usable as margin. This crypto custody arrangement follows earlier third-party deals with Sygnum and FlowBank and responds to heightened regulatory pressure after the FTX collapse and Binance’s $4.3 billion AML penalty. Binance also recently launched near-real-time crypto-to-fiat withdrawals to Mastercard for European users. By involving a reputable bank, Binance aims to boost asset protection, regulatory compliance and institutional confidence in the crypto market.

Crypto passive income allows investors to earn returns without active trading. By using diversified crypto index funds and ETFs, you can automate portfolio management and spread risk across top digital assets. Centralized index funds track a basket of leading tokens and rebalance periodically. Decentralized on-chain indexes, governed by DAOs like Index Coop, combine staking rewards and DeFi yields. Crypto ETFs trade on regulated exchanges, offering exposure to Bitcoin (BTC) and Ethereum (ETH) through spot or futures contracts. Common income sources include asset appreciation, staking rewards, DeFi yields and covered-call premiums. Leading index funds for 2025 include Bitwise 10 (BITW), DeFi Pulse Index (DPI) and Metaverse Index (MVI), as well as the Nasdaq Crypto Index (NCI). Top ETFs such as ProShares Bitcoin Strategy ETF (BITO), Purpose Bitcoin Yield ETF (BTCY) and Harvest Bitcoin & Ethereum Enhanced Income ETF (HBEE) provide futures exposure or premium-generating strategies. Investors can access these via brokerages, major exchanges like Coinbase and Binance, or Web3 wallets such as MetaMask. However, crypto passive income carries risks: market volatility, smart contract vulnerabilities, management fees and tracking errors. Tax treatment on staking and DeFi rewards varies by jurisdiction. By choosing the right funds and ETFs, traders can reduce emotional decisions, diversify holdings and maintain long-term market exposure.

Standard Chartered and Animoca Brands have formed Anchorpoint Financial, a joint venture to issue a licensed HKD stablecoin under Hong Kong’s new regulatory framework. The venture entered the HKMA’s stablecoin sandbox in July and applied for an official issuer license on August 1. HKMA CEO Eddie Yue expects around 40 firms to apply, with fewer than 10 approvals likely. As licensed HKD stablecoins emerge, they promise enhanced liquidity, new trading pairs, and greater blockchain adoption. Traders should monitor licensing progress, potential stablecoin rollouts, and institutional participation amid Hong Kong’s Stablecoin Ordinance and the US GENIUS Act.

Quid Miner, a UK-registered mobile cloud mining platform, enables users in over 180 countries to mine Bitcoin (BTC), Ethereum (ETH) and XRP directly from smartphones. The mobile cloud mining service runs AI-optimized hashing algorithms in renewable energy–powered UK data centers, ensuring energy-efficient mining. New users benefit from a $15 free trial yielding $0.60 per day, while paid contracts range from a $100 two-day Bitcoin Intro Plan ($4/day) to a $600 six-day XRP Growth Plan ($7.20/day), with high-yield options up to $50,000 for 45 days. Quid Miner’s mobile-first design lowers technical barriers via an intuitive iOS/Android app, real-time earnings dashboards and seamless multi-coin conversion (including DOGE). Operating under UK regulatory oversight with loyalty perks and up to 4.5% referral bonuses, the service allows crypto traders to diversify passive income sources as ETH nears $4,000 and institutional XRP adoption grows.

Pump.fun has launched the Glass Full Foundation (GFF) to inject targeted liquidity into select Solana memecoins. The new arm aims to deepen market depth for projects with loyal communities. Initial capital transfers are already underway, though funding sources and selection criteria remain undisclosed. The move comes as Pump.fun faces a sharp revenue slump. On-chain data shows daily revenue plummeted from $7 million during the January memecoin boom. It now stands at about $200,000. The foundation seeks to boost market stability and restore trader confidence. Rival launchpad LetsBonk.fun, backed by the Bonk community, has already gained market share in token issuance. Traders should monitor planned liquidity injections for potential price support and increased trading activity in Solana memecoins.

Gate exchange has become the first to fully integrate WLFI’s USD1 stablecoin, launching a comprehensive loyalty program that rewards users for USD1 spot trading, conversions, staking, limit orders and Launchpad participation. Points earned can be redeemed for trading fee discounts, token airdrops and exclusive platform perks. As the world’s second-largest USD1 stablecoin holder with licenses in North America, Asia and the Middle East, Gate ensures compliance and security. Major platforms like KuCoin are set to join the USD1 ecosystem, underlining a shift from stablecoins as value anchors to service-driven assets focused on user incentives. This loyalty program could set a new industry standard, boosting USD1 stablecoin liquidity, trading volume and user engagement.

PreStocksFi has rolled out tokenized pre-IPO stocks on Jupiter, Solana’s top DEX aggregator. The new tokenized pre-IPO stocks enable 24/7 trading of shares in SpaceX, OpenAI, Neuralink, Kraken, Discord, Epic Games, Anduril, xAI and Perplexity AI. Pre-IPO tokenized stocks leverage a partnership with MeteoraAG, using decentralized liquidity market maker (DLMM) pools to minimize price impact and ensure zero slippage in the initial liquidity bootstrapping phase. Accessible through Jupiter’s web and mobile interfaces, this launch democratizes private equity, offering DeFi traders seamless access to high-profile pre-IPO shares. The integration marks a major step in real-world asset tokenization and broadens market participation beyond institutions.