Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Since 2019, OmegaPro founders Michael Shannon Sims and Juan Carlos Reynoso have allegedly operated a $650 million crypto Ponzi scheme via multi-level marketing, selling packages that promised up to 300% returns in 16 months. They lured investors with luxury events, social media hype and a Burj Khalifa projection. In January 2023, a claimed network breach forced a shift to the Broker Group platform, blocking withdrawals while insiders reportedly laundered funds through crypto wallets. Indicted in Puerto Rico, both now face wire fraud and money laundering charges with potential 20-year sentences. Traders should track DOJ enforcement in crypto, monitor regulatory risks and perform rigorous due diligence. This crypto Ponzi scheme underscores vulnerabilities in unregulated crypto investments and highlights the need for strict investor due diligence.

Asia FX markets rebounded after US President Trump flagged that the planned August 1 tariffs are “not 100% certain”. The decision to delay Trump tariffs knocked the US Dollar Index down 0.2% and boosted Asia FX. Currencies like the Chinese Yuan, Korean Won, and Singapore Dollar first tumbled as traders sought safe havens in the US Dollar and Japanese Yen. However, technical rebounds and short covering helped Asia FX recover. The Reserve Bank of Australia (RBA) held rates at 3.85% in a surprise 6–3 vote. AUD/USD jumped as Australia’s business conditions hit their strongest level since March. Market attention now turns to the next RBA decision. A 25 bp cut could weaken the AUD and reinforce global easing expectations. A hawkish hold could lift the currency and signal economic strength. Trade tensions, low inflation, central bank divergence, and geopolitical risks will keep volatility high across forex and crypto markets. For crypto traders, the weakening US Dollar traditionally supports risk assets. Bitcoin and altcoins may benefit from dollar softness. Traders should diversify, monitor macro data, use stop-losses, and consider hedging to manage volatility.

BlackRock’s Bitcoin Spot ETF has surpassed 700,000 BTC in holdings, representing about 3.3% of the circulating supply and valued at approximately $76 billion. Since its January 2024 launch, the ETF has secured over 55% of US spot Bitcoin ETF assets. The Bitcoin Spot ETF’s rapid growth highlights strong institutional adoption and robust market liquidity. By offering regulated Bitcoin exposure, the ETF allows traditional investors to diversify portfolios while tightening exchange supply and supporting price stability. Continued inflows could drive further demand, influencing both short-term momentum and long-term market growth.

XRP is showing a Bollinger Band squeeze on both three-day and two-day charts, signaling rising volatility. Since mid-January, the token has traded in a symmetrical triangle around $2.21–$2.27 on low volume. Analysts note that XRP’s tight Bollinger Bands often precede sharp moves, as seen before November’s rally. A daily close above $2.33 could confirm a breakout toward $5, implying 120% gains. Traders should also watch resistance near $5 and short-position liquidity above $2.35 for a possible short squeeze. With crypto sentiment lagging the stock market, volatility may intensify. Wait for a confirmed breakout before trading and apply strict risk management.

CoreWeave has agreed to acquire Core Scientific in a $9 billion all-stock bid, offering 0.1235 CoreWeave shares per CORZ share at $20.40 each. The transaction — expected to close in Q4 2025 — eliminates over $10 billion in lease obligations and unlocks about $500 million in annual savings by 2027. At a 16x 2026 EBITDA multiple, the all-stock bid trades at a significant discount to data center peers. CoreWeave CEO Michael Intrator is pivoting the firm from crypto mining to AI and high-performance computing. While KBW analysts label the cash-free deal as opportunistic and foresee potential shareholder pushback, the lack of competing offers suggests the merger will proceed. This merger scales CoreWeave’s AI infrastructure amid rising data center power demand and AWS’s planned $100 billion AI spend in 2025.

Elon Musk has launched a crypto-backed America Party to challenge the US two-party system, declaring fiat “doomed” and naming Bitcoin as its financial backbone. The movement aims to secure key Senate and House seats using a decentralized finance model. Building on Tesla’s $1.5 billion BTC purchase in 2021, the news sent Bitcoin surging toward $110,000, while Dogecoin jumped about 6% and other major cryptocurrencies rallied. Musk’s break from the Republican Party over a budget bill underscores his push for crypto in fiscal policy. Traders should brace for heightened volatility from short-term bullish sentiment and potential long-term institutional inflows into Bitcoin and the wider market.

Bitcoin eyes a breakout above its all-time high as it reclaims key levels amid rising institutional demand and technical signals of a parabolic rally. Year-to-date, Bitcoin has risen 16.8%, adding over 2% in June. It recently climbed back above $108,000, trading around $109,000. Corporate treasuries are boosting Bitcoin holdings. The Blockchain Group raised €10.7M to add 116 BTC to its treasury. Japan’s Metaplanet increased reserves to 15,555 BTC and plans 30,000 BTC by year-end. The UK’s Smarter Web Company reached 1,000 BTC. Crypto analyst Merlijn The Trader charts a three-phase bull cycle mirroring 2017 and 2021. A final parabolic leg could drive Bitcoin toward a conservative $150,000 target or as high as $335,000 by 2025. Traders should watch for a decisive breakout above $110,000 to confirm this next rally phase.

Crypto ETPs clocked $1.03 billion in weekly inflows, boosting total AUM to a record $188 billion. Bitcoin ETFs led with $713 million in new capital, marking a 17th consecutive week of inflows, while Ether ETFs added $275 million, extending a nine-week streak. BlackRock’s IBIT ($304 million) and Fidelity’s FBTC ($112 million) topped Bitcoin flows; Franklin’s EFI and BlackRock’s EETH dominated Ether inflows. Combined, Bitcoin and Ether products now manage over $45 billion and $8 billion in assets, respectively. Sustained demand coincided with modest BTC and ETH price gains, reflecting growing institutional interest and offering bullish signals for traders.

XRP fell over 10% to $3.21 after peaking at $3.66 earlier this year but could still break its January 2018 all-time high of $3.84. Bitpanda deputy CEO Lukas Enzersdorfer-Konrad says the next leg up hinges on a sustained altcoin season and capital rotation from Bitcoin. The Altcoin Season Index has flipped in favour of altcoins, and Bitcoin dominance has dropped by 5.4% in the past month, pointing to growing liquidity. Technically, XRP remains above its 50-day exponential moving average and its relative strength index sits in neutral territory. Analyst Dom forecasts a potential rally to $7–$10 if market sentiment stays positive. Traders should monitor altcoin momentum, Bitcoin dominance trends and regulatory developments for clues on XRP’s next move.

Recent Aave withdrawals exceeded $1.7 billion, led by Justin Sun’s $646 million pullout, HTX’s $455 million and Abraxas Capital’s $115 million exit. These Aave withdrawals thinned Aave’s ETH liquidity and drove wETH borrowing rates above 10% APY. The funding squeeze forced loop traders to unwind positions, while Ethereum liquid staking nodes recorded a record 633,896 ETH queued for withdrawal, reflecting broader validator exit backlogs. The events exposed DeFi liquidity vulnerabilities and underscore risks in high-yield strategies. Traders should monitor Aave borrowing rates and ETH exit queues for early signs of market stress.

The White House unveiled a comprehensive AI plan that both eases federal regulations on data centers and conditions AI funding on state policies. The AI plan, under President Trump’s administration, reclassifies high-performance computing under NEPA and relaxes Clean Air, Clean Water and CERCLA permit requirements to streamline data center approvals—benefiting crypto mining operations by reducing permitting delays. It also mandates federal agencies to review state AI laws and withhold grants from states with restrictive AI policies. To bolster hardware supply, the strategy promotes reshoring semiconductor manufacturing and supports nuclear energy research to stabilize power grids for energy-intensive crypto mining. Additionally, it prioritizes government contracts for frontier AI developers, endorses open-source AI across key sectors, and tightens export controls on AI systems and hardware. These measures could lower operational costs, improve GPU availability, and provide long-term infrastructure support for the crypto sector.

XRP is approaching critical technical levels on both USD and BTC charts. On the weekly XRP/USD chart, a seven-year symmetrical triangle and a bull pennant breakout above $3.60 point to a potential rally toward $13 within 42 days using the flagpole projection method. Concurrently, XRP/BTC is nearing an eight-year descending resistance line. A sustained close above this trendline would signal a shift in XRP’s long-term underperformance against BTC. Fundamental catalysts include rising institutional interest from Grayscale, Bitwise and 21Shares, growing adoption of Ripple’s On-Demand Liquidity (ODL) service, and a 95% probability of SEC approval for a spot XRP ETF in 2025. The possible resolution of Ripple’s SEC lawsuit could further reduce regulatory risk and attract new capital. Traders should monitor chart confirmations, ETF developments and legal updates. Heightened volatility means strict risk management is essential.

PNC Bank, the seventh-largest US bank with $421 billion in AUM, has partnered with Coinbase to launch institutional crypto services. On July 22, PNC integrated Coinbase’s Crypto-as-a-Service (CaaS) infrastructure into its digital banking platform, enabling its 90,000 corporate clients to trade, custody, and hold digital assets without leaving their accounts. In return, PNC will provide select banking services to Coinbase. CEO William S. Demchak said this move responds to growing client demand for secure, compliant digital asset solutions. The partnership follows the signing of the US GENIUS Act, which clarifies stablecoin regulation, and mirrors similar initiatives by JPMorgan Chase and BNY Mellon. By embedding crypto services into its platform, PNC simplifies access, boosts liquidity, and reduces reliance on external exchanges. Traders may view this development as a bullish catalyst for institutional participation, potentially driving higher trading volumes and price stability.

SpaceX moved 1,308.45 BTC (~$153 million) of Bitcoin to a new address via Coinbase Prime after nearly three years of dormancy. The transfer cut its holdings from about 8,285 BTC to roughly 6,977 BTC. On-chain data shows the funds then passed through a CoinJoin mixer service toward a Binance deposit gateway. The wallet’s last major activity dates back to 2021, when SpaceX first disclosed its Bitcoin holdings and later sold part of its stash during the 2022 downturn. With no official comment, traders are split on whether this signals an upcoming sale or internal rebalancing. Historical whale events, such as Germany’s mid-2024 sale of 50,000 BTC, caused only brief price dips before recovery. Given ongoing whale accumulation and a bullish crypto backdrop, analysts view this as routine BTC wallet management with limited long-term impact on the Bitcoin uptrend. Market participants should monitor on-chain flows and exchange inflows for any short-term selling pressure on Bitcoin.

Crypto markets continued to rally as an altcoin rally pushed major tokens higher, sending total market cap above $4 trillion. These crypto markets dynamics coincide with a bullish flag pattern in Bitcoin (BTC), which could trigger further gains if it breaks past current levels. Ethereum (ETH) gained momentum ahead of its Shanghai upgrade, supported by a normalized realized profit/loss ratio and forecasts targeting $4,000 and beyond. XRP spiked on a favorable court ruling and DOGE jumped on social media hype. Traders point to regulatory clarity, technical milestones, institutional inflows, and AI developments as catalysts. With the Federal Reserve’s interest rate decision approaching, market participants should monitor Bitcoin volatility, Ethereum momentum, on-chain metrics, the Bitcoin dominance index, SEC filings on XRP, and AI sector news to navigate potential short-term swings and longer-term trends.

The CoinDCX hack on July 18, 2025, saw $44 million stolen from the exchange’s internal trading wallet. The attacker laundered funds through Tornado Cash and bridged over $15.8 million from Solana (SOL) to Ethereum (ETH). Blockchain security platforms, including Cyvers Alerts, and researcher ZachXBT traced the hacker’s wallet, which now holds about 12,144 ETH (~$46 million). In the wake of the CoinDCX hack, the platform launched a recovery bounty program on July 19, offering up to $11 million (25% of recovered funds) to white-hat researchers who help trace and return the stolen assets. The initiative is backed by the Solana Foundation, Wormhole, deBridge and security firm Sygnia. Co-founders Sumit Gupta and Neeraj Khandelwal assured traders that user funds are safe and company reserves will cover any shortfall. The program underscores CoinDCX’s commitment to enhanced crypto security and rapid fund recovery.

CoinShares’ weekly report highlights a surge in crypto fund inflows, with total inflows hitting $4.39 billion in the earlier week, lifting year-to-date inflows to $27 billion and driving assets under management (AUM) to a record $220 billion. This marked the 14th consecutive week of positive flows and a record ETF trading turnover of $39.2 billion. In the latest update, Ethereum ETF flows reached a fresh high of $56 million—the largest weekly total since tracking began—while Bitcoin ETF flows added $29 million. Overall crypto fund inflows stood at $130 million, marking the fourth straight week of net inflows. Altcoin ETPs for Solana and Cardano also attracted notable capital, reflecting broad-based institutional demand. The spike in Ethereum ETF flows underscores growing investor appetite for Ether exposure amid upcoming network upgrades and expanded staking opportunities. Combined with strong Bitcoin ETF flows, these institutional inflows are fueling bullish sentiment and may drive further price momentum, potentially pushing ETH beyond $4,000 and bolstering overall market stability.

Recent tariff delays with China and the EU and resumed trade talks have lifted risk appetite and pushed Bitcoin to fresh highs. U.S. inflation stands at 2.7%, with tariffs adding to core CPI. Markets now price no Fed rate cut before September, despite political pressure on Chair Jerome Powell. Traders will watch Powell’s speech and key U.S. data—initial jobless claims, and July manufacturing and services PMI—to gauge inflation and monetary policy. A dovish pivot could weaken the dollar and spark a Bitcoin rally, highlighting its hedge role. Conversely, strong jobless claims or PMI numbers may delay easing and weigh on prices. Meanwhile, stablecoin and digital asset bills in the U.S. House have been delayed, adding regulatory uncertainty. A 2011 Bitcoin whale moved 40,000 BTC this week, but muted exchange outflows and a 13,000 BTC reserve point to limited immediate sell pressure. Traders face rising volatility: a break above $115,000 could fuel gains, while unchecked exchange outflows risk triggering pullbacks.

Bitcoin price slipped below the key $118K level, shedding 0.61% intraday as traders booked profits after recent rallies. The move comes amid consolidation within a triangular chart pattern. Bitcoin price is now testing support at $116K–$117K, where holds could stabilize the market. A decisive break above $118K could trigger a surge toward $125K, while a failure to hold support risks a pullback to $111K. Trading volume remains steady, and market participants await upcoming U.S. economic data for fresh direction. Meanwhile, Ether climbed past $3,750 to reach a seven-month high, suggesting renewed altcoin demand and potential capital rotation from Bitcoin.

Former President Donald Trump plans an executive order directing the Labor Department and SEC to revise rules to allow alternative assets— including crypto—in 401(k) retirement plans. This 401(k) crypto initiative could open doors to Bitcoin, Ethereum and other digital assets alongside traditional funds. SEC Chair Paul Atkins has signaled support for responsible disclosure and investor education, stressing that clear digital asset reporting is critical. He also unveiled plans for an “innovation exemption” within SEC regulations to facilitate tokenization and new trading models. Major asset managers like BlackRock and Vanguard are poised to launch approved crypto 401(k) products once rules are finalized. While advisors warn of volatility and liquidity risks, traders view these moves as bullish for long-term crypto demand. As Washington debates detailed rule-making, 401(k) participants may soon gain tax-advantaged access to digital assets, potentially driving sustained inflows into the crypto market.

Dogecoin has broken above its 200-day EMA at $0.21, clearing the $0.20 level and resolving an ascending wedge pattern in a bullish breakout. The RSI sits in overbought territory, indicating strong buying pressure. If the Dogecoin breakout momentum persists, DOGE could target resistance at $0.25. Shiba Inu now tests its 200-day EMA near $0.00001500 after rebounding from $0.00001230. A decisive move above could push SHIB to $0.00001550; failure may trigger a drop toward $0.00001300. Meanwhile, XRP has surged parabolically from below $2.20 to over $3.20 following an ascending triangle breakout and bullish EMA alignment. Its RSI of 85 and rising volume support the rally, though profit-taking risks remain. Key XRP targets lie between $3.50 and $3.80. Traders should monitor technical indicators—Dogecoin breakout volume, SHIB’s EMA test, XRP’s RSI and volume trends—for entry and exit points.

Ripple is expanding its XRP Ledger use in the UAE with government-backed real estate tokenization and custody deals. First, it partnered with Ctrl Alt to support the Dubai Land Department’s property deed tokenization project, using Ripple custody tech for the RLUSD stablecoin. Ctrl Alt, now a VARA-licensed VASP, enables fractional ownership of real estate assets. More recently, Ripple signed two agreements: a pilot with Abu Dhabi developer Roshn for fractional property ownership on the XRP Ledger and a custody partnership with Tradix for tokenized securities. These initiatives aim to tokenize $200 million in UAE real estate assets by year-end under the ADGM regulatory sandbox. The deals build on Ripple’s DFSA crypto payments license and integrations with Swiss bank AMINA and BNY Mellon. Traders may see increased XRP demand and liquidity as XRP Ledger gains government and institutional adoption.

Former President Donald Trump announced he has secured bipartisan backing for the GENIUS Act, meeting 11 of the 12 required House members and earning support from Speaker Mike Johnson. The stablecoin regulation bill is slated for a House vote on July 16 and would establish a federal framework covering reserve requirements, monthly disclosures, operational transparency, bankruptcy safeguards and consumer protections. Proponents say the GENIUS Act will boost investor confidence, drive institutional adoption and eliminate patchwork state oversight. Critics warn of over-regulation, high compliance costs for smaller issuers and potential scope creep into other crypto sectors. If passed, the bill moves to the Senate, followed by presidential assent and detailed rulemaking. Traders should monitor the final text, assess stablecoin holdings and prepare for enhanced compliance, as this vote could mark a turning point for stablecoin regulation and market stability.

SharpLink Gaming has continued its aggressive ETH accumulation, purchasing 74,656 ETH (≈$213 M) between July 7–13 at an average price of $2,852 and an additional 10,000 ETH directly from the Ethereum Foundation. In its latest move, the Nasdaq-listed firm added 5,188 ETH, bringing its total holdings to 285,894 ETH—the largest institutional Ethereum reserve. Since adopting ETH as its primary reserve asset, SharpLink has staked 99.7% of its ETH holdings, earning about 415 ETH in staking rewards, including 94 ETH last week. This ETH accumulation coincides with Ethereum maintaining the $3,000 support level even as Bitcoin dipped below $116,000 amid whale selling. Technical indicators—such as a “triple RSI bounce” and an intact macro upward channel—alongside continued institutional ETH accumulation underpin forecasts of a potential breakout toward $5,000. Traders should watch for short-term rallies above $3,000 and a sustained bullish trend driven by reduced circulating supply and strengthened network security.

BTC price hit a fresh all-time high of $123,218 before pulling back 4.3% to trade near $116,000–$113,000 as profit-taking accelerated. On-chain data shows Bitcoin accumulator addresses purchased 248,000 BTC in a single day, institutions bought 159,107 BTC in Q2 and retail holders added 19,300 BTC monthly, outpacing post-halving supply. CryptoQuant warns that forced selling by long-term holders could deepen the correction. Chart analysis reveals BTC price testing the inverse head-and-shoulders neckline at $113K. A Gravestone Doji and overbought Bollinger Bands signal risk, with key support at the 20-day EMA ($112,390) and the $111,000 demand zone. Failure to hold $115K–$113K could expose moving averages near the 50-day SMA ($107,794) and a slide to $105,000. A rebound from the 20-day EMA may fuel a rally back above $123,218 toward $150,000. Traders should watch liquidation clusters at $114K–$117K and profit-taking pressure for near-term trends.

XRP briefly surged to $3.05—the highest level since early March—following a broad crypto rally that saw BTC hit $123,000. The move completed an inverse head-and-shoulders breakout from the $2.20–$2.30 range, fueling forecasts of targets at $4.80 or even $10 based on historical patterns. SBI Global Asset Management’s CEO also pointed to growing remittance use as a long-term tailwind. Between July 14–15, XRP gave up these gains, sliding 8% from $3.02 to $2.78 amid institutional de-risking ahead of the ProShares XRP Futures ETF launch on July 18. Trading volume spiked to 216.1 million tokens during the morning rally, followed by algorithm-driven profit-taking. A late-session turnaround to $2.87 on 112.8 million volume suggests buyers remain active near $2.80 support. Key levels stand at $2.80 support and $3.00 resistance. Traders are now watching ETF-related capital flows and regulatory updates as potential catalysts. Echoing the healthy nature of the correction, market participants expect a tight trading range and risk-managed strategies until inflows become clearer.

The Federal Reserve, FDIC and OCC have jointly clarified the legal framework for crypto asset custody by banks, emphasizing that digital assets remain uninsured bank deposits and must comply with existing risk management, capital, liquidity and cybersecurity requirements. Banks can offer crypto asset custody services under current law—distinguishing trust and non-trust roles—by implementing robust private key management, wallet strategies, due diligence on third-party custodians, and adhering to KYC, AML, tax and consumer protection rules. The guidance provides regulatory certainty without creating new rules, paving the way for broader institutional adoption and boosting market confidence.

Bitcoin has continued to break all-time highs, briefly topping $123,000 before consolidating around $120,000. The total crypto market capitalization is now approaching $4 trillion. This crypto market rally is driven by growing investor optimism, rising institutional Bitcoin ETF inflows, and upcoming macro catalysts, including central bank rate decisions and major tech earnings reports. Ethereum (ETH), Solana (SOL) and XRP have trailed Bitcoin’s surge, while tokens like SUI and Uniswap’s UNI posted gains between 2.5% and 10%. Trading volumes jumped 23% week-on-week but remain below past peaks, suggesting cautious sentiment and that a full altcoin bull market has yet to start. Pending regulatory updates in the US and EU may add volatility. Traders should watch ETF inflows, rate decisions and regulatory developments closely, manage risk and prepare for continued volatility in Bitcoin and the wider crypto market.

Bank of England Governor Andrew Bailey has warned major banks against issuing their own stablecoins. He said stablecoins risk draining liquidity, fragmenting deposits, and facilitating money laundering. Bailey prefers tokenized deposits—digital versions of bank-held funds that stay within the banking system and support lending. His view contrasts with Executive Director Sasha Mills, who sees stablecoins as vital for wholesale markets and calls for modernizing central bank money while keeping a CBDC as the main settlement tool. Despite Bailey’s caution, banks such as JPMorgan, Citi, and Bank of America are exploring proprietary stablecoins like JPMD to speed up large payments. Bailey also downplayed immediate CBDC issuance. Traders should monitor UK regulation on stablecoins closely, as future rules may restrict bank-led projects, impact stablecoin liquidity, and alter bank reserve flows.