Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Galaxy Digital reported a Q2 2025 net profit of $30.7 million, reversing a $295 million loss in Q1. The turnaround was driven by Bitcoin appreciation and the strategic purchase of 4,272 BTC, bringing total holdings to 17,102 BTC valued at $1.95 billion. Adjusted EBITDA reached $211 million, supported by treasury gains and stronger asset management and venture returns. The firm’s total assets stood at $2.6 billion, with digital assets accounting for $3.56 billion in fair value, and diversified exposure across stablecoins and cash. Global Markets gross profit rose 28% to $55.4 million despite lower trading volumes, while the loan book expanded to $1.1 billion and AUM climbed 27% to $9 billion. Galaxy Digital also facilitated a client sale of over 80,000 BTC and commenced Nasdaq trading under GLXY in May. Beyond crypto trading, Galaxy Digital is scaling its Helios AI data center campus—securing up to 3.5 GW capacity—and partnering with CoreWeave to boost computing power. This dual strategy of Bitcoin accumulation and AI infrastructure investment positions the company for sustainable growth and long-term resilience in the recovering crypto market.

Mantle price jumped over 20% in 24 hours, rising from $0.72 to $0.91 amid an altcoin rebound. Trading volume spiked 280% to $622 million and market cap hit $2.96 billion. The network’s ecosystem metrics are up: stablecoin circulation rose 22.8% to $653 million, DeFi TVL climbed to $233 million, and daily active addresses tripled in July. Mantle added 101,867 ETH ($388 million) to the Strategic ETH Reserve and launched the $400 million MI4 index, alongside the mETH protocol for institutional inflows. On-chain gains have supported bullish momentum. Technically, a bearish RSI divergence appeared as prices made new highs while the RSI weakened, but the RSI now sits at 66 and MACD shows a bullish crossover. The price trades above the 20 EMA, 50 SMA and the middle Bollinger Band near $0.87, with support at $0.68 and $0.55. A sustained break above $1 could target the all-time high of $1.51. Traders may view dips as buying opportunities.

Acting CFTC Chair Caroline D. Pham unveiled a Crypto Sprint proposal to allow regulated futures exchanges like CME Group and ICE Futures US to list spot crypto trading contracts under existing Commodity Exchange Act rules. The plan applies DCM requirements for leveraged retail commodity trading to digital assets, offering immediate regulatory clarity and aligning with SEC Project Crypto and President’s Working Group recommendations. Stakeholders can submit public feedback on contract specifications as the CFTC seeks to reduce reliance on unregulated offshore platforms and attract licensed firms. Recent initiatives include a Crypto CEO Forum, permanent derivatives offerings, and 24/7 crypto futures. By updating oversight without new legislation, regulators aim to strengthen market integrity, boost liquidity, and drive institutional adoption in DeFi. Traders should watch spot crypto trading developments closely, as the new framework could enhance market stability and US competitiveness.

The Chainlink Runtime Environment (CRE), launched in October 2024, acts as an operating system for decentralized oracle networks and cuts smart contract development time from months to weeks or days. By abstracting blockchain reads, API data fetching, consensus and on-chain writing, the Chainlink Runtime Environment enables developers to deploy complex workflows without embedding oracle-specific code. CRE orchestrates decentralized oracle networks for price feeds, cross-chain messaging, API calls, zero-knowledge proofs and compliance checks. It supports JavaScript, TypeScript and Go, provides cross-chain interoperability and enhances security with native confidential computing and ZK proofs. In mid-2025, CRE powered a delivery-versus-payment settlement between JPMorgan’s Kinexys and Ondo Finance, bridging institutional payment networks with public blockchains. Chainlink co-founder Sergey Nazarov says CRE’s abstraction layer could be as transformative as Ethereum’s EVM, promising faster time-to-market, improved dApp interoperability and potential LINK demand growth as adoption rises.

Litecoin jumped 12% in 24 hours to $127, extending a 47% monthly rally as broader crypto markets recovered. Optimism over a spot Litecoin ETF approval—rated 95% likely for 2025 by Bloomberg and 81% by Polymarket—coupled with record payment adoption (14.5% share on CoinGate) and MEI Pharma’s $100 million treasury allocation underpins bullish sentiment. On-chain metrics highlight network resilience with 340 million transactions processed and 12% occurring this year. Technically, LTC broke above a symmetrical weekly triangle and trades in an ascending channel above its 20- and 50-day EMAs, supported by a bullish MACD crossover, RSI at 64 and upper Bollinger Band. Key resistance levels lie at $140 and a potential $200 supply wall, while support zones cluster around $110–$101. Traders should watch ETF approval developments and payment usage as catalysts for further Litecoin gains and crypto payments growth.

Analyst Mike Alfred projects a Bitcoin price forecast with a rally to around $312,000, based on past bull–bear cycle patterns. He references three historical peaks in 2014, 2018 and 2021 that ended with 80%–84% declines, then applies a 76% drop scenario, forecasting a post-peak correction to approximately $75,000 around 2026. Alfred disputes critics who cite Realized Volatility models as evidence against a $300K peak, arguing volatility evolves unpredictably during major rallies. This Bitcoin price forecast signals potential high volatility ahead, presenting both trading opportunities around a record high and risks in the subsequent crash.

Democratic Rep. Dina Titus has urged a CFTC probe into nominee Brian Quintenz over his board role and stock options at Kalshi, a CFTC-regulated prediction markets platform. A FOIA request revealed Quintenz sought competitive intelligence on Kalshi rivals before his confirmation. With other commissioners departing, Quintenz could become the sole decision-maker, raising conflict of interest and market fairness concerns. Meanwhile, the CFTC has launched a “crypto sprint” to enable spot crypto trading on registered futures exchanges. The initiative, from the Working Group on Digital Asset Markets, seeks public comment by August 18 on applying Section 2(c)(2)(D) and Part 40 to spot crypto contracts. Acting Chair Caroline Pham aims to fast-track federal spot crypto rules in tandem with the SEC’s Project Crypto. Crypto traders should track both the CFTC probe and evolving rule-making, as these steps will affect prediction markets, event contracts, and overall compliance.

Ethereum rallied above $3,700 on August 5 as 14 new whale wallets and institutional investors bought over 856,000 ETH ($3.16 bn), while the Strategic Ethereum Reserve’s AUM jumped to $10.8 bn (2.45% of supply) in six weeks, with SharpLink adding 18,680 ETH. Despite this strong inflow, Ethereum faces resistance at $3,800–$3,900 amid $129 m ETF outflows and macroeconomic uncertainty. Key support lies at $3,650 (floor $3,620–$3,660), with a drop below risking short liquidations and dips to $3,580–$3,540. Holding above could trigger a rebound to $3,730–$3,780; a clear break above $3,800 may pave the way to $4,000. Traders remain cautious, but whale and institutional accumulation signals growing bullish momentum.

After the US GENIUS Stablecoin Act banned direct issuer interest, yield-bearing stablecoins USDe and USDS have surged via staking arbitrage. USDe’s supply jumped 70% to $9.49 billion and USDS’s rose 23% to $4.81 billion, totaling $14.3 billion in circulation. Investors stake sUSDe and sUSDS to earn double-digit APY on USDe (10.86% APY, 8.16% real) and 4.75% APY on USDS (2.05% real), outpacing 2.7% US inflation. Ethena’s ENA token rallied nearly 60% as holders seek protocol yields. USDe uses ETH/BTC collateral and perpetual-futures shorts; USDS relies on overcollateralization and liquidity mining. Traders can leverage sUSDe on Aave and compound returns on Pendle Finance, though liquidation risk is high. Overall stablecoin supply grew 23.5% this year to $268 billion and could near $300 billion. Risk factors include smart-contract complexity, DeFi liquidity conditions and regulatory tightening. Staking arbitrage remains a key yield strategy in a low-rate environment.

SEC Commissioner Hester Peirce urged an update to the Bank Secrecy Act to strengthen financial privacy in crypto regulation. She critiqued outdated BSA rules and the third-party doctrine that permit warrantless data collection without judicial oversight. Peirce used the analogy of early telephone switchboards to illustrate privacy risks and highlighted how Bitcoin, cryptography, zero-knowledge proofs and smart contracts enable crypto disintermediation and enhance financial privacy by removing intermediaries. Industry experts including Peter Van Valkenburgh of CoinCenter and Nate Geraci of NovaDius praised the speech as a critical defense of user data protection. Peirce argued that modernizing the BSA would balance financial privacy with community safety and prevent overregulation from stifling innovation. Traders should watch for regulatory updates, as this push for financial privacy reform and crypto disintermediation could drive demand for privacy-focused protocols and influence Bitcoin’s market sentiment.

Bybit, the world’s second-largest crypto exchange, will host a mid-year live stream on August 6 at 08:00 UTC. CEO and co-founder Ben Zhou will review Bybit’s H1 2025 milestones and unveil new initiatives. Key topics include recent regulatory approvals, product launches, and a redefined CeDeFi experience. Traders will learn about spot-market innovations, expanded crypto wealth management solutions, and upgraded Bybit Card and Bybit Pay integrations. Zhou will also announce a new EU headquarters and preview summer roadshows in Europe and Asia. The session features an interactive Q&A and a chance to win part of a 9,000 USDT giveaway. This live stream highlights Bybit’s focus on security, transparency, and Web3 innovation for over 70 million users.

Crypto class-action lawsuits in the first half of 2025 have nearly matched last year’s total. Major defendants include Bakkt, Coinbase and Michael Saylor’s bitcoin investment vehicle. Bakkt faces securities-law violation claims and accusations of misleading revenue statements after losing Webull and Bank of America as clients. Coinbase is sued over undisclosed bankruptcy risks, alleged breaches of the Biometric Information Privacy Act and a May 2025 data breach that could cost up to $400 million. Strategy is accused of misrepresenting its bitcoin strategy following a $765 million BTC purchase. The Argentina-backed LIBRA token project faces fraud claims after a price collapse. Even niche players like the Pump.fun memecoin platform and Nike’s RTFKT NFT venture face RICO and rug-pull allegations respectively. These crypto class-action lawsuits highlight increasing legal and regulatory scrutiny. Traders should watch ongoing cases closely, as prolonged litigation and potential penalties could drive market volatility and impact token prices.

SEC Commissioner Hester Peirce urged regulators to protect crypto privacy and open-source developers at the Science Blockchain Conference. She asserted that privacy tools like Tornado Cash should not impose liability for users’ illicit actions and compared on-chain privacy to Fourth Amendment rights. Peirce also criticized Biden-era DeFi broker rules that would force firms to report counterparty data to the IRS, warning such measures could stifle innovation in both DeFi and self-custody solutions. These calls to safeguard crypto privacy come as Tornado Cash co-founder Roman Storm faces a New York trial for alleged money laundering and up to 40 years in prison if convicted. Traders should monitor these regulatory shifts to assess potential impacts on privacy services and DeFi compliance.

Animoca Brands has unveiled its first open-market buyback of TOWER token to reinforce the Tower Ecosystem and signal long-term commitment to Web3 gaming. Announced by Chairman Yat Siu on X, the program aims to reduce circulating supply, boost user confidence, and reinvest in marketing, community initiatives, and in-game economies. Following the announcement, the TOWER token price jumped over 60% in one day to $0.0007679, reflecting strong market support. The buyback, launched without special investor allocations, underscores Animoca’s strategy to build sustainable on-chain economies through Free-to-Play and Play-to-Earn mechanics. This initiative follows an earlier buyback of CTA token and sets a precedent for other Web3 gaming projects. Traders should watch TOWER token liquidity and demand as buyback announcements often drive short-term price rallies and signal long-term ecosystem growth.

MicroStrategy has more than doubled its Bitcoin (BTC) treasury since the November 2024 Trump victory. The firm grew its Bitcoin holdings from 252,220 BTC to 628,791 BTC by adding 376,571 BTC over nine months. Last week, MicroStrategy filed an SEC document to buy 21,021 BTC for $2.46 billion at an average price of $117,256 per coin. This marks its third-largest dollar purchase since 2018. Earlier post-election buys included 55,500 BTC ($5.4 billion) and 51,780 BTC ($4.6 billion). At a Bitcoin price near $114,244, the company’s reserve is worth about $72.2 billion against a cost basis of $73,277. CEO Michael Saylor calls Bitcoin a “freedom virus” and plans to boost returns via credit instruments through its STRC vehicle. MicroStrategy reported a record $1 billion profit in Q2. Its Bitcoin reserve now represents roughly 3.16% of the circulating supply, underlining its market influence.

LYNO AI has launched a crypto presale at $0.05 per token. Traders have snapped up over 143,000 of the 16 million supply. The AI-driven cross-chain arbitrage engine scans 15+ EVM-compatible networks, including ETH, BNB, MATIC, ARB and OP. It offers decentralized smart-contract execution, flash loans, and staking rewards. The $LYNO token features governance voting, up to 60% profit sharing, and a buyback-and-burn model. Partnerships with LayerZero, Axelar (AXL) and Wormhole (WORM) enhance cross-chain liquidity. Security is reinforced by multi-signature wallets, circuit breakers, zero-knowledge proofs and a Cyberscope audit. Market observers forecast potential 25x to 300x returns by end-2025. With robust community governance and institutional support, LYNO AI stands out among AI altcoins. Traders eye it as a high-potential bet for both short-term gains and long-term protocol growth.

Solana Mobile has begun shipping its second-generation Seeker mobile device to users in more than 50 countries after amassing over 150,000 preorders. The Seeker mobile device features an integrated mobile-native crypto wallet and a decentralized DApp store to bypass traditional app-store restrictions. Hardware-level security is provided via a dedicated seed vault that isolates private keys and seed phrases from the application layer. Powered by the TEEPIN architecture, the Seeker mobile device decentralizes hardware validation, software checks, and app distribution. Available at $450 and $500, the launch could generate at least $67.5 million in revenue for Solana Labs. This rollout targets developers and crypto enthusiasts, aiming to lower app fees and enhance mobile NFT trading, DeFi access, and blockchain gaming.

Hong Kong’s new stablecoin regulation took effect on 1 August, requiring all issuers targeting local retail customers to obtain a licence from the Hong Kong Monetary Authority (HKMA). Under the stablecoin regulation, issuers must hold a minimum paid-up capital of HKD 25 million, maintain 100% high-quality liquid assets as reserves, and enable one-day redemption at face value. Strict AML/KYC measures—including five-year data retention, geo-blocking and cross-border compliance—apply. The framework bars integration with DeFi protocols, anonymous wallets and marketing of unlicensed stablecoins. The HKMA will accept licence applications until 30 September, with first approvals expected in early 2026. While traders welcome clearer rules to bolster anti-money laundering safeguards and institutional trust, critics warn that high entry barriers favour banks and large firms, risking fragmentation of on-chain liquidity. In the short term, reduced issuance and tighter trading spreads may unsettle markets, while long-term impacts include potential shifts of liquidity to more permissive jurisdictions despite improved confidence among institutional investors.

San Francisco Fed President Mary Daly signaled that the Fed may implement Fed rate cuts as soon as this year, citing a weakening labor market and stable inflation near the 2% target. She said two Fed rate cuts would still be an appropriate adjustment and did not rule out more by year-end. The FOMC decision will hinge on upcoming economic data, including job growth and price metrics. With four current FOMC members leaning toward a rate cut, the Fed would need three additional votes if Chair Powell dissents. Traders should monitor labor reports and inflation indicators closely. Fed rate cuts can affect risk assets, especially the crypto market, by reducing funding costs and boosting investor appetite for higher-yielding digital assets.

BitMine Immersion Technologies has bought 833,137 ETH (about $3 billion) over 35 days, establishing the largest corporate Ethereum Treasury. The acquisition, backed by investors Cathie Wood and Bill Miller III, was executed at an average price of $3,491.86 per ETH. Alongside this record buy, BitMine approved a $1 billion stock repurchase plan to reinforce its Ethereum-focused treasury strategy. The company’s shares have surged over 650% since June, reflecting strong market confidence in its approach. BitMine’s move leverages Ethereum’s network upgrades and expanding DeFi ecosystem, positioning the firm as a major staking participant. Analysts believe this record-sized Ethereum Treasury could reshape DeFi protocols, bolster staking pools and tighten circulating supply, influencing short-term volatility and long-term bullish momentum.

Binance has launched its 31st Binance HODLer airdrop, distributing the Succinct network’s PROVE token to users who staked BNB between July 18 and 22. PROVE allocations will arrive in spot wallets at least one hour before listing. The PROVE deposit channel opens on August 5 at 12:00 (UTC+8), with spot trading beginning on August 6 at 01:00 (UTC+8) across USDT, USDC, BNB, FDUSD and TRY pairs under seed-tag rules. PROVE will feature on Binance Alpha’s informational display before moving to mainstream spot markets. This Binance HODLer airdrop aims to boost BNB staking incentives, expand DeFi engagement and spark price discovery. Traders should watch for short-term trading opportunities around the PROVE listing, as Binance HODLer airdrops typically drive token demand and bullish momentum.

Robert Kiyosaki forecasts a Bitcoin price dip below $90,000 in August, citing the historical “August Curse” trend—on-chain data shows August drops of 13% in 2022 and 11.3% in 2023. He attributes the potential price decline to global economic pressures, U.S. public debt, policy missteps and bank management issues. Bitcoin price recently peaked at $123,000 and trades around $115,000, presenting traders with a buying opportunity amid volatility. Kiyosaki plans to double his holdings if the market falls more than 21%. Traders are advised to conduct independent research, consider market conditions and risk tolerance, and view the predicted dip as a long-term investment opportunity.

White House prepares an executive order to penalize banks accused of politically motivated discrimination against crypto firms and conservative clients. Under the draft, regulators will probe violations of the Equal Credit Opportunity Act, antitrust rules, and consumer protection laws, with penalties including fines, consent decrees, and DOJ referrals. The order aims to curb “debanking” practices that have restricted banking access for digital asset businesses. It also directs the SBA to review and eliminate loan-guarantee policies leading to improper customer dismissals. Traders should watch for policy signals that may improve banking access, reduce de-banking risks, and support greater financial connectivity for the crypto sector as the order nears presidential signing.

Bitcoin demand remains robust despite a recent price pullback. Long-term holders and accumulator wallets have added roughly 160,000 BTC in the past 30 days, including 50,000 BTC from wallets that only buy. A rare movement of 1,000 BTC—untouched for 7–10 years and worth about $114 million—into a new address has spurred market caution but hasn’t triggered a sell-off. On-chain metrics stay positive: the demand ratio (new issuance versus coins idle over a year) remains favorable. Accumulation continues to outpace distribution, underscoring sustained institutional and retail interest. Technically, Bitcoin price is holding above key support near $114,000. However, the RSI sits around 47.8 and the OBV is muted at 1.73 million, signaling limited conviction behind the recent rebound. Traders should watch for a clear uptick in OBV, an RSI break above 50, sudden volume surges and any further large dormant BTC transfers. These indicators could confirm a sustained bullish reversal or maintain the current cautious market sentiment.

Crypto analyst PlanB forecasts Bitcoin (BTC) will reach $300K by the end of 2026, based on his stock-to-flow (S2F) scarcity model. The S2F model projects a post-halving price range of $250K to $1M, with an average expectation of $300K–$600K. Despite previous misses drawing criticism, PlanB remains bullish. He cites the on-chain realized price indicator—tracking the average cost at last movement—which currently sits below market value across all cohorts, a classic bull-market signal. Bitcoin trades around $115K, up 1% on the day, underlining strong momentum ahead of the next halving. Traders should weigh these bullish signals against model limitations and broader market risks.

Phantom has acquired Solsniper, an AI-driven meme token trading platform on Solana, to strengthen its in-wallet trading capabilities. Under the deal, Solsniper’s founding team joins Phantom, while the web app remains a standalone service. The acquisition builds on Phantom’s recent launch of perpetual futures via Hyperliquid. Solsniper brings a Telegram trading bot, high-speed token monitoring and wallet-tracking features. Phantom plans to integrate these tools into its crypto wallet with additional features in the coming months, and co-founder Brandon Millman says further acquisitions are likely as Phantom expands its trading infrastructure. Traders can expect improved Solana meme token trading tools in-wallet, potentially boosting adoption and liquidity on the Solana network.

XRP’s MVRV Ratio has fallen below its 200-day MA, forming a death cross that signals rising selling pressure and a likely steeper correction. Since a mid-July peak of $3.65, XRP has slid 17% to around $2.99 and is down 6.5% over the past week. On-chain data shows spot volume down 23% to $4.83 billion, derivatives volume down 34%, while open interest edges higher. Technical analysis reveals strong resistance at the 10- and 20-day EMAs near $3.02 and immediate support at $2.95, with further support around $2.80–$2.90. A break below these levels could push XRP toward $2.75 or $2.50. Traders tracking the XRP MVRV Ratio should monitor any further drops below the 200-day MA and key support zones, while a rebound above the 200-day MA may invalidate the bearish signal. Although the 50- and 200-day EMAs remain upward, preserving overall bullish momentum, the current death cross points to short-term bearish pressure.

Top trader Hyper has increased their Ethereum (ETH) long position from $10.16 million to a record $18.53 million, according to COINOTAG on-chain data. This move cements the largest ETH long position among the platform’s tracked traders and highlights growing bullish sentiment. Hyper, known for the highest win rate in crypto, timed both entries strategically to leverage rising DeFi activity and deep liquidity in the ETH market. The updated ETH long position aligns with historical trends where significant long builds by leading traders have preceded major price rallies. Contributing factors include upcoming Ethereum network upgrades and heightened institutional interest. Traders monitoring large ETH long positions via COINOTAG’s analytics can use these signals to assess potential market momentum and inform portfolio decisions. Hyper’s expanded exposure underscores Ethereum’s dominant role in decentralized finance and its increasing appeal to institutional investors, offering a key barometer for near-term price movements.

French semiconductor firm Sequans Communications has increased its Bitcoin treasury to 3,157 BTC. The company bought 85 BTC on August 1, 2025, for about $10M. This raises its total digital assets allocation to $368.5M. Sequans’s Bitcoin treasury now ranks among the largest in the semiconductor sector. The treasury diversification strategy aims to hedge against market volatility and regulatory uncertainty. The move highlights growing corporate adoption of Bitcoin as a reserve asset. Analysts say rising institutional demand could boost long-term market stability. For traders, expanding Bitcoin treasury purchases may signal stronger price support.