Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XRP surged above $3, rising over 4.5% in 24 hours as optimism grows around the SEC appeal in the Ripple lawsuit. Legal counsel Bill Morgan indicated that the SEC is likely to withdraw its appeal by the joint-report deadline on August 15. This follows a conditional settlement agreement between Ripple and the SEC to end the nearly five-year legal dispute. If the settlement gains court approval, the case will return to district court for final authorization. Traders view the potential SEC appeal withdrawal as a major catalyst for regulatory clarity and bullish momentum in XRP. The July 2023 ruling exempted retail XRP sales from securities classification but deemed institutional transactions as securities, resulting in a $125 million fine. The latest updates have eased regulatory uncertainty, boosted investor confidence, and could influence broader cryptocurrency regulation and market sentiment.

Green Dildo Coin’s memecoin prank at WNBA games led to two arrests after fans tossed five green dildos onto courts over two weeks. Kaden Lopez and Delbert Carver, neither core team members, face charges including public indecency, disorderly conduct and trespass as the WNBA denounced the stunt as unsafe and disrespectful. Memecoin spokesman Daldo Raine said the court interruptions protested toxic crypto culture, with green reflecting bullish market candles. The incident underscores a trend of bold memecoin marketing stunts amid a 45% slump in total memecoin market cap to $706 billion since December and an 80% drop in major platform revenues. Crypto traders should monitor memecoin market volatility and shifts in sentiment, as such disruptive campaigns may trigger price swings and influence token trading dynamics.

Bybit has announced the launch of spot trading for Sidekick (K) on August 8, 2025. Sidekick is a Web3 livestreaming platform that enables real-time interaction between creators and audiences. The new listing allows traders to deposit and trade K token in USDT pairs. Bybit’s addition of Sidekick expands its altcoin offerings and boosts liquidity for K. This move reinforces Bybit’s strategy to support emerging Web3 projects and provide early access to innovative tokens. Traders should monitor K/USDT market depth, trading volume, and price action for potential opportunities. The listing is likely to increase trading activity on Bybit’s spot markets and could impact K’s price dynamics in both the short and long term.

Upbit has added the IP token to its KRW spot market and existing BTC and USDT trading pairs. Deposits and withdrawals for IP token are now open ahead of the launch. The listing creates direct IP/KRW trading, boosting liquidity and trading volume. Traders should watch order-book depth, price spreads and potential volatility or arbitrage opportunities. Upbit’s continued expansion of KRW spot offerings may draw new demand from domestic investors and enhance IP’s market stability over the long term.

Hyperliquid, a Solana-based decentralized exchange, posted a record $319 billion in DeFi perpetual futures trading volume in July. This marked the highest monthly total ever on any DeFi perpetual futures DEX. According to DeFiLlama, Hyperliquid accounted for 35% of blockchain trading revenue that month. VanEck analysts attribute the surge to its user-friendly interface and aggressive spot trading listings since April. The July milestone increased total DeFi perpetual futures volume to $487 billion, a 34% rise from June’s $364 billion. EdgeX and MYX Finance ranked second and third with $21 billion and $9 billion respectively. Despite a 37-minute outage on July 29, Hyperliquid promptly reimbursed affected users with $2 million. By end-July, its user base surpassed 604 400, up from 488 000 in early June. The performance underscores growing demand for DeFi perpetual futures on decentralized exchanges. As DeFi platforms challenge centralized exchanges, Hyperliquid’s surge highlights traders’ preference for accessible perpetual contracts.

Blockchain agriculture is reshaping farming by enhancing supply chain transparency, securing land titles and reducing food waste. In the 19th Clear Crypto Podcast episode, Dr Yana Leonova highlights leading projects like IBM Food Trust and WWF’s OpenSC that track produce onchain, and a UAE farm-to-table initiative that cuts an estimated $6 billion in waste. These initiatives leverage smart contracts and tokenization to automate fair payments to smallholders without intermediaries. Immutable ledgers also protect farmers’ land ownership when paper records fail. Hosts Nathan Jeffay and Gareth Jenkinson stress that real-world blockchain agriculture solutions extend beyond crypto speculation, marking a significant step towards sustainable, data-driven food security.

Australia’s Securities and Investments Commission (ASIC) has charged four Victorian men with crypto laundering in connection to a major fake bonds scam. Between January 2021 and mid-2023, ex-barrister James Podaridis, Bill Floropoulos, Peter Delis and Harry Tsalikidis allegedly moved investors’ funds into bank accounts, transferred them offshore or converted them into cryptocurrencies via digital exchanges. The fraud used bogus comparison sites, Facebook ads and counterfeit prospectuses to promise fixed returns of 4.5–9.5% annually over one to ten years. ASIC alleges they recklessly handled criminal proceeds, with Podaridis and Floropoulos facing 28 counts each, Tsalikidis 12 counts and Delis eight. A committal mention is set for 30 October 2025 under the Commonwealth Director of Public Prosecutions. This crypto laundering case underscores increasing regulatory scrutiny on digital assets and the need for stronger anti-money laundering measures. Traders should monitor enforcement trends as ASIC intensifies crackdowns on illicit fund transfers in the crypto market.

Block, led by Jack Dorsey, boosted its Bitcoin treasury by 108 BTC in Q2, raising total reserves to 8,692 BTC, according to HODL15Capital data. The accumulation aligns Block with other major institutional holders like MicroStrategy and Tesla, reinforcing Bitcoin’s corporate adoption trend. Block integrates Bitcoin into its Cash App and is developing the TBD division for decentralized finance, expanding BTC’s real-world use cases. The company views Bitcoin as a hedge against inflation and economic uncertainty. Traders should note that ongoing corporate purchases may bolster market confidence, enhance liquidity, and support long-term price stability for Bitcoin.

Perle, a Web3 AI startup, has closed a $9 million seed funding round led by Framework Ventures, bringing its total funding to $17.5 million after an $8.5 million pre-seed in October 2024. The round underlines strong market confidence and institutional interest from a crypto-focused VC in artificial intelligence and decentralized data solutions. Traders should note this crossover funding as a signal of growing synergy between blockchain and Web3 AI. The company plans to roll out Perle Labs, a blockchain-based platform that records data contributions and uses crypto-economic incentives to decentralize data labeling, reduce bias and enhance AI model performance. The new capital will also support team expansion, the automation of data preparation processes and broader market penetration. This development could spark further innovation in blockchain-powered AI and Web3 AI solutions, potentially shaping asset allocation strategies within the crypto ecosystem.

Animoca Brands and Provenance Blockchain have launched NUVA, a chain-agnostic RWA marketplace that connects tokenized real-world asset issuers with investors. The RWA marketplace debuts two unified vaults: nuYLDS, a yield-bearing stablecoin security (YLDS), and nuHELOCs, a fixed-interest home equity loan vault backed by Figure Technologies. NUVA will issue a native governance token for staking and governance, broadening access to institutional-quality assets across a multi-chain ecosystem. Backed by Provenance’s $15.7 billion ecosystem and targeting the projected $30 trillion RWA market by 2030, NUVA enhances liquidity, transparency, and fractional ownership, offering crypto traders new diversification and yield opportunities.

Robinhood listing of ONDO and FLOKI gave both tokens exposure to over 25 million users and triggered 8–10% price rallies. The Robinhood listing added legitimacy and liquidity, with FLOKI climbing above $0.00011 and ONDO nearing $1. ONDO is a DeFi protocol for real-world asset tokenization. Its OUSG token offers short-term US Treasury yields and has partnerships with BlackRock, Mastercard and Goldman Sachs. Analysts target ONDO at $1.62 in the short term and $2.30 in the medium term, following 21Shares’ spot ONDO ETF filing. Floki Inu has evolved from a meme token into a $1 billion ecosystem spanning a metaverse game, DeFi utilities, an educational platform and a crypto debit card. The Robinhood listing drove a surge in trading volume and liquidity. Traders should monitor trading volume, key resistance levels and overall altcoin trends for sustained momentum. A consistent market rebound will be crucial to maintain gains from this Robinhood listing.

According to Pantera Capital’s 2024 Blockchain Compensation Survey, global crypto payroll adoption surged from 3% in 2023 to 9.6% in 2024, while fiat payments fell from 95% to 85%. USDC dominates crypto payroll, covering over 60% of payouts, followed by USDT at around 28–38%, with SOL and ETH at 1.9% and 1.3% respectively. Companies and DAOs cite faster settlements, lower fees and transparent US Treasury–backed reserves (via Circle’s monthly reports) as key drivers. Asia-based teams are a major growth engine, using stablecoins to bypass high transfer costs and banking restrictions. Hybrid crypto payroll models allow employees to split pay between fiat and crypto, supported by improved platforms, real-time rails and enhanced tax tracking. As more firms formalize crypto operations and regulators signal acceptance, crypto payroll is poised to expand further, boosting stablecoin utility in cross-border payments.

Crypto scams reached $9.9 billion in 2024 as 90% of UK crypto apps failed anti-money laundering (AML) compliance checks. Fraudsters increasingly exploit digital assets to launder proceeds from traditional finance, prompting urgent calls for cross-industry data sharing to deter financial crime. Industry experts—including Cifas CEO Mike Haley—advocate integrating crypto on- and off-ramps with mainstream payment data, enhancing AML defences through upstream data flows, and partnering with established fraud prevention specialists. They argue that broader data sharing improves visibility across the fraud value chain and strengthens AML compliance frameworks. The UK’s regulatory environment supports these measures: an ICO ruling ensures data protection rules do not block fraud prevention, and the Data (Use and Access) Act 2025 classifies crime prevention as legitimate interest. Future digital asset regulations are expected to mandate consumer protection and data sharing. Expanding public-private initiatives like the Joint Money Laundering Intelligence Taskforce to include crypto could further bolster market integrity and early scam detection.

Scenius Capital has closed a slightly oversubscribed $20 million fund to invest in emerging crypto venture capital funds. The fund will back small seed and Series A managers with sector, regional or thematic advantages, strengthening the emerging crypto venture capital funds ecosystem. The firm emphasises bitcoin allocations, investing in managers that hold BTC beta, trade around BTC or denominate funds in BTC. Strategic backer ParaFi has acquired a GP stake in Scenius Capital to fund the expansion of its business lines and token capital markets advisory services. With support from crypto-native limited partners, Scenius aims to leverage evolving regulation to drive ecosystem development and boost innovation in early-stage blockchain projects.

On August 7, 2025, crypto exchange HTX partnered with World Liberty Financial (WLFI) to list and support USD1, a compliance-focused stablecoin fully backed by U.S. Treasuries, cash and dollar deposits. Through the USD1 Points Program, HTX users can earn loyalty rewards by trading USD1 pairs, holding USD1 balances and staking USD1 tokens. WLFI, co-founded by members of the Trump and Witkoff families, aims to establish USD1 stablecoin as a foundational layer for digital payments, trading and DeFi worldwide. Justin Sun, Advisor to HTX, highlighted the role of stablecoin adoption in driving digital finance and emphasized HTX’s commitment to compliant, user-centric innovation. This initiative is set to boost USD1 adoption, increase trading volume and foster sustainable growth in the stablecoin ecosystem.

On August 7, Ethereum surged 5.5% to $3,818, driving record on-chain metrics—highest transaction volume in a year and nearly 30% of ETH staked—and triggering pre-market gains of up to 10% in U.S. ETH-linked treasury stocks, including SBET, BMNR and BTCS. Analysts link the rally to robust transaction volumes, rising staking levels and recent SEC guidance easing liquid staking, fueling debate between ETH treasury stocks and spot ETFs. Treasury stocks hold net ETH levels comparable to ETFs but offer regulatory, valuation and capital-structure advantages, says Standard Chartered. SBET leads with normalized NAV multiples, strong liquidity and a recent listing on Injective. Growing institutional demand suggests a shift from passive Ethereum ETFs to more flexible ETH treasury stocks.

Aave users encountered a Google Ads phishing attack just one day after the protocol hit $60 billion in net deposits. Security firm PeckShield detected malicious ads linking to a fake Aave investment site that tricks users into connecting wallets. Once connected, attackers can drain funds irreversibly. To protect their assets, traders should verify site URLs, move funds to secure wallets, revoke token approvals via services like Revoke.cash, and avoid reusing compromised addresses. This Aave phishing attack via Google Ads highlights rising DeFi security risks and underscores the need for stronger wallet security measures.

Binance has launched a $1.2 million BNB airdrop to support users in six flood-hit regions of southern Taiwan. The two-phase Binance airdrop offers $80 in BNB to users who verified their proof of address by August 7, 2025, and $30 to the first 15,000 new verifications between August 7 and 20. Distributions begin on August 14. CEO Richard Teng said the initiative underscores Binance Charity’s ongoing crypto disaster aid following past relief efforts in Taiwan, Thailand, Myanmar, and Europe. Alongside the airdrop, Binance published its 33rd Proof of Reserves report. It shows user holdings of 591,000 BTC (+2.99%), 4.555 million ETH (−9.84%), and 29.85 billion USDT, highlighting a market shift toward Bitcoin and stablecoins.

UAE crypto regulation has been unified under a 2024 pact between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). Under this UAE crypto regulation framework, virtual asset service providers (VASPs) licensed by either authority can now seek mutual license recognition through a single registration system. The agreement mandates joint AML/CFT assessments, operational readiness checks, real-time data sharing and cross-jurisdictional supervision. A legislative review committee will align rules with global best practices and ongoing dialogue with ADGM ensures cross-border interoperability. Traders benefit from reduced compliance duplication, faster market entry and clearer regulatory guidance in the UAE’s digital economy.

Aave is consolidating around $265 after a recent retracement, showing 3% daily gains despite a 6% monthly drop. On August 6, net deposits on Aave topped $60 billion for the first time in DeFi history. Total Value Locked (TVL) climbed over 45% within a month to $34.9 billion. Network fees rose to $65 million in July, underscoring strong user demand. The protocol also launched its V3 developer toolkit, providing React hooks, SDKs and APIs for simplified vault deployments and customizable borrowing strategies. Trading activity has cooled: 24-hour spot volume fell 13% to $297 million, and derivatives volume dropped 19.3% to $503.6 million, while open interest rose 4.1% to $561.9 million. Technical indicators are neutral to mildly bullish. The MACD remains in negative territory, and the RSI sits at 43.3. Immediate support lies at $250–$255. Key resistance awaits at the 20-day EMA near $280 and at $310–$315. A decisive move above $280 could spark a breakout, while a drop below $250 may retest June lows near $230. Crypto traders should watch these levels for potential entry and exit points.

After four days of deliberation in the Tornado Cash trial, jurors remain deadlocked on key charges against co-founder Roman Storm. Judge Katherine Polk Failla issued an Allen charge to break the impasse and rejected the defense’s request for partial verdicts. Prosecutors allege Storm promoted the Ethereum-based mixer to launder over $1 billion in illicit funds, including transactions tied to North Korea’s Lazarus Group. The defense argues he only wrote open-source code and cannot control its misuse, raising broader questions about developer liability in decentralized systems. If convicted on all counts, Storm faces up to 45 years in prison. The jury split underscores deep divisions over crypto developer responsibility and could set a legal precedent for future decentralized software cases.

Orca DAO has proposed a dual-treasury strategy to boost network security and token value. The plan draws 55,000 SOL and $400,000 USDC from its treasury. It stakes the SOL into Orca validator nodes on Solana. The proposal also launches a 24-month ORCA buyback program with market-timed purchases. Buybacks may burn tokens, fund ecosystem grants or reward xORCA stakers. Transparency measures include quarterly reports on purchases, average prices and on-chain wallet disclosures. After four days of governance discussion, a five-day on-chain vote and two-day veto period will decide final approval. Orca DAO’s SOL staking and ORCA buyback strategy aims to reduce circulating supply, increase staking revenue and signal bullish momentum for SOL and ORCA.

On August 6, Ethereum spot ETFs recorded a combined net inflow of US$35.12 million, marking a second consecutive day of positive flows and reflecting sustained institutional demand. BlackRock’s ETHA led with US$33.39 million of fresh capital—lifting its cumulative net inflow to US$9.489 billion. Grayscale’s ETHE attracted US$10.04 million despite a total net outflow of US$4.353 billion, while Grayscale’s Mini Ethereum Trust saw an US$8.67 million outflow. ARK 21Shares’ CETH added US$0.37 million. Total assets under management for Ethereum spot ETFs reached US$20.608 billion, equal to 4.7% of ETH’s market cap, with cumulative net inflows at US$9.132 billion. Traders view these flows as bullish indicators for Ethereum’s liquidity and price momentum, suggesting increased market stability and potential gains in both the short and long term.

OpenAI and the US General Services Administration (GSA) have launched ChatGPT Enterprise to all federal agencies for a symbolic $1 fee. ChatGPT Enterprise offers unlimited access to OpenAI’s advanced AI models for the first 60 days, supported by a dedicated user community and customized OpenAI Academy training. Pilot tests in Pennsylvania and North Carolina showed ChatGPT Enterprise saved staff up to 95 minutes and 30–60 minutes daily on paperwork and drafting tasks. The GSA’s streamlined procurement through the Multiple Award Schedule removes individual negotiations, and an Authority to Use license guarantees government data will not train OpenAI models. This landmark federal AI adoption could accelerate AI tool integration in financial markets, providing crypto traders with enhanced AI-driven trading strategies and operational efficiency.

China’s Ministry of Public Security and State Security has formally warned that iris scanning and other biometric data collection by crypto projects, notably Worldcoin (WLD), pose privacy and national security risks. Authorities highlighted potential unauthorized data use, opaque storage practices and third-party sharing, urging users to report suspicious activities. Following the August 5 notice, WLD slumped 5%, while Bitcoin (BTC) dipped near $114,000, down about 7% from recent highs amid broader sell-offs and unverified rumors of a wider crypto ban. Traders should monitor regulatory developments around biometric crypto data collection, as further restrictions or bans could reshape sector practices and impact affected tokens.

Ethereum faced a sharp pullback after failing to reclaim $3,900, triggering a $10 billion drop in open interest over ten days. Ethereum ETF outflows hit a record $500 million in a single session, marking a shift from July’s steady inflows to early distribution. The price dropped nearly 10% to around $3,600 before a 4% rebound, but resistance remains above $3,900. Institutional flows diverged: BlackRock added 23,000 ETH on the dip, while Fidelity moved nearly 15,000 ETH to Coinbase Prime, likely for profit-taking. Whale addresses declined by 164 in 30 days, reducing large-holder participation. A liquidity gap forms near $3,500, raising liquidation risk if selling intensifies. Overall, sustained ETF withdrawals and a first weekly red candle in months signal a bearish short-term outlook. Traders should watch spot demand, whale behavior, and any renewed institutional inflows for signs of reversal.

Satsuma Technology closed a £163.6 million ($217.6 million) oversubscribed convertible note round on July 28, securing participation from crypto funds (Pantera Capital, ParaFi, Arrington, Blockchain.com, Kraken, DCG) and UK institutions. Over half the proceeds—1,097 BTC (≈$125 million)—were allocated directly to its Bitcoin treasury. Notes convert at $0.013 per share pending shareholder and regulatory approval. Funds will support operations, developer hiring and further Bitcoin purchases via its Singapore arm, following a June $135 million raise to build its treasury. Satsuma now holds 1,126 BTC at an average cost of $115,149 (≈0.76% unrealized loss). It operates the Bittensor (TAO) subnet, a decentralized AI infrastructure. This milestone underscores growing institutional crypto fundraising, corporate Bitcoin treasury adoption and the synergy with decentralized AI.

Acacia Research Corporation has partnered with Unchained and Build Asset Management to launch a Bitcoin-collateralized loan strategy. Under the deal, an Unchained affiliate will originate fully Bitcoin-backed commercial loans, which Acacia will purchase through a new subsidiary. Build Asset Management will handle loan administration and servicing. The structure provides healthy interest rates, low loan-to-value ratios and institutional custody solutions to secure collateral. CEO Martin D. McNulty Jr. says the approach delivers attractive, risk-adjusted returns and expands Acacia’s exposure to the growing Bitcoin ecosystem. Unchained manages over $12 billion in Bitcoin assets and has originated $1 billion in loans without rehypothecation. Build Asset Management, founded in 2018, recently launched a private credit fund for SMEs. The partnership aims to unlock dollar liquidity for Bitcoin holders while maintaining ownership. Traders should watch for rising institutional adoption of Bitcoin-backed loans, as new debt instruments may support demand, price stability and boost market liquidity.

Pantera Capital’s 2024 survey shows crypto salary adoption doubled, with 9.6% of professionals now on a stablecoin salary. The survey covered 1,600 participants across 77 countries. The shift to stablecoin salary is the latest crypto salary trend amid volatility concerns. Stablecoin salary models, led by USDC (63%) and USDT (28.6%), account for over 90% of digital asset compensation. Growing support from payroll providers for USDC is driving stablecoin salary uptake. Traders should note that stablecoin salary demand may boost stablecoin liquidity and market depth. Despite rising digital asset compensation, major cryptocurrency volatility remains a concern for pay stability.