Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Pi Coin has plunged nearly 90% from its February peak, tumbling to a record low of $0.322. The decline accelerated after the Pi Network announced on August 2 a mandatory token lockup policy offering up to 200% mining boosts. Although the lockup covers both pre- and post-migration tokens, widespread KYC and Mainnet migration delays have prevented many users from accessing or transferring their Pi Coin holdings. Unreleased ecosystem tools like Pi Domains and Pi App Studio, along with recurring technical bugs, have sapped confidence further. A scheduled unlock of 160 million tokens (about 2.1% of the total supply) later this month and a reduced mining rate are expected to add downward pressure. Technical indicators on TradingView—an RSI of 23.87, MACD below its signal line, and a negative SMI—underscore persistent bearish momentum. Traders should watch how the Pi Network addresses user backlash and technical hurdles, as volatility remains high.

Mutuum Finance has advanced its decentralized lending protocol to Phase 6 of the MUTM token presale, pricing each token at $0.035 and targeting a 600% return by Q1 2026. The non-custodial DeFi platform offers both peer-to-contract and peer-to-peer lending: lenders deposit USDT or DAI into smart pools to mint interest-bearing mtTokens, while borrowers secure overcollateralized loans against blue-chip assets such as ETH without selling holdings. Users can stake mtTokens to earn MUTM rewards funded by protocol revenue buybacks. Mutuum Finance’s security is reinforced by a CertiK audit (TokenScan score 95, Skynet 78) and a $50,000 bug bounty program. With over 10% of the 170 million MUTM supply sold, the presale has raised $13.9 million from more than 14,800 holders. Phase 7 will increase the token price to $0.04, presenting a final discounted entry. A forthcoming overcollateralized stablecoin mechanism will mint tokens on loan issuance and burn them on repayment to maintain a $1 peg. Layer-2 integration is planned to cut gas fees and boost throughput. Early investors are already up to 6× ahead, and analysts predict post-listing prices above $1.50, highlighting growing trader interest.

On August 2, 2024, a crypto user lost $908,551 in USDC after falling victim to an ERC-20 phishing approval scam. In April 2023, the user unknowingly granted token approval via a fake airdrop site, giving the attacker ongoing wallet access. The scammer waited 458 days until two large USDC deposits arrived in July 2024, then executed the drain. These delayed-strike tactics are common in ERC-20 phishing scams, as attackers monitor for significant inflows before acting. Security experts recommend regular audits of ERC-20 token approvals and the use of tools like Etherscan’s Token Approval Checker to revoke unneeded permissions. Although revocations incur gas fees, timely action can prevent major losses. In July 2024 alone, high-profile hacks—including the CoinDCX exploit—saw over $142 million stolen across the market, underscoring the persistent threat. Traders should prioritize wallet security, monitor token approvals, and adopt proactive risk management to safeguard funds.

A crypto whale recently moved 25,540 ETH from FalconX into two Ethereum 2.0 staking addresses. This follows an earlier deposit of 35,615 ETH, bringing the total staked to 61,155 ETH. Due to recent price declines, the whale now faces an unrealized loss of roughly $10 million. Large-scale ETH staking reduces circulating supply and signals strong confidence in the Ethereum 2.0 upgrade. However, staking rewards must be balanced against market volatility risk. Traders should use on-chain analytics to track whale staking flows and anticipate potential ETH price movements driven by tightened supply and volatility.

Chainlink (LINK) fell 17.2% last week, retracing from $19.5 to a key $15.5 demand zone. This move tracked Bitcoin’s 4.9% drop from $119,800 to $113,600. On-chain metrics suggest profit-taking may be ending. Santiment data showed a spike in Dormant Circulation on August 1 and a decline in the 90-day Mean Coin Age. The MVRV ratio has dropped toward zero, signalling diminishing holder profitability. Technically, LINK’s RSI remains below 50 and On-Balance Volume is falling, reflecting bearish momentum. However, the $15.5 demand zone is reinforced by the 50-day moving average and the FRVP Value Area Low at $15.7. Traders should watch for increased buying volume around $15.5 and a Bitcoin rebound to confirm a reversal.

SharpLink’s Ethereum accumulation continues to gain momentum. The firm transferred 108 million USDC to Galaxy Digital to purchase 14,933 ETH at an average price of $3,550. Following an earlier $53 million Ethereum buy, SharpLink returned $55.56 million USDC before resuming purchases. Since June, the company has acquired 464,000 ETH (valued at $1.62 billion) at an average entry price of $3,029, securing about $214 million in unrealized gains. Under the leadership of Ethereum co-founder Joseph Lubin, SharpLink’s institutional strategy highlights rising crypto adoption and signals bullish prospects for Ethereum traders.

On August 2, 2025, on-chain intelligence firm Arkham revealed that Chinese mining pool LuBian suffered a 2020 Bitcoin theft of 127,426 BTC—worth about $3.5 billion—that remained on-chain and unnoticed for nearly five years. Recent transfers approximating $6 million in stolen assets have reignited concerns over blockchain monitoring and wallet security. With no suspects named, Arkham’s analysis underscores the need for real-time risk alerts, enhanced detection systems and stricter compliance. Despite the scale, Bitcoin’s price and trading volumes remained stable after the disclosure. Experts liken the incident to the Mt. Gox collapse and anticipate stronger security protocols and regulatory oversight as a result of this Bitcoin theft.

Bitcoin mining difficulty hit an all-time high of 127.6 trillion this week, pushing average block times to 10 minutes 20 seconds. CoinWarz data shows the surge followed a mid-year low of 116.9T in late June. Analysts forecast a 3% Bitcoin difficulty drop to 123.7T in the August 9 adjustment, offering short-term relief to miners. The difficulty adjustment resets every 2,016 blocks based on network hashrate changes: as hashpower rises, mining difficulty increases; when miners leave, it falls. With 94% of the 21 million BTC supply mined, Bitcoin’s stock-to-flow ratio now stands near 120—about twice gold’s—underscoring its scarcity. The upcoming dip may lower mining costs temporarily, while the protocol’s adjustment mechanism continues to maintain stable block times and uphold Bitcoin’s deflationary issuance schedule.

Shady crypto coins continue to thrive under Token2049 platinum sponsorship despite weak fundamentals. Investigator ZachXBT flagged five projects—SPACE, JU, WEEX, DWF and Bitunix—that lack verifiable audits, real utility and governance. These shady crypto coins rely on speculative trading, low liquidity and aggressive marketing to sustain hype. Anonymous teams and obscure exchange listings amplify manipulation risks. Past failures like JPEX and HyperVerse highlight how event sponsorships can mask rug pulls and trigger heavy losses. Traders should spot red flags such as missing audit reports, poor tokenomics and limited liquidity. Employ on-chain analytics, diversify portfolios and verify regulatory compliance to reduce exposure to scams.

Amid a sharp market downturn, the 0x0558 address fully closed its ETH long position and partially liquidated its leveraged BTC long positions, now holding 640 BTC longs valued at $72.3 million. Profits on these BTC long positions plunged from over $18 million to roughly $494,700 in five days, underscoring the risks of high leverage during market volatility. This forced liquidation highlights the importance of disciplined risk management and setting tighter stop-loss orders in leveraged trading. While the ETH exit reflects bearish momentum, 0x0558’s retained BTC exposure signals confidence in Bitcoin’s long-term potential.

Shiba Inu (SHIB) marked its fifth anniversary with a landmark deflationary token burn push, burning over 410 trillion tokens—41% of its initial 1 quadrillion supply—including Vitalik Buterin’s 2021 removal of 410T SHIB. Data from Shibburn shows a recent 5,809% surge in burn rate (up 1,720% weekly), despite a broader market downturn and price dip. Community-led token burn campaigns and ecosystem upgrades—from ShibaSwap DEX and Shiba Eternity game to the Shibarium Layer-2 chain—aim to tighten supply, boost scarcity and foster long-term value. Growing long-term holder ratios and active burn events underscore robust ecosystem support. Crypto traders should monitor ongoing supply contractions and platform utility expansions as potential bullish indicators for Shiba Inu’s price trajectory.

China crypto liquidation via Hong Kong’s licensed exchanges is set to inject substantial liquidity into the global Bitcoin market. Under the 2022 Anti-Money Laundering Ordinance amendment and the upcoming 2025 LEAP Digital Assets Policy Statement 2.0 and Stablecoin Ordinance, Hong Kong will unify licensing, strengthen AML controls, and regulate fiat-backed tokens. By converting China’s seized virtual currencies into market liquidity, regulators can stabilize prices and influence supply–demand dynamics. Compared to Singapore’s smaller scale and Dubai’s fragmented rules, Hong Kong’s direct access to China’s digital asset reserves gives it a competitive edge to attract institutional capital and drive Web3 innovation. Traders should adjust risk management and compliance strategies to account for heightened regulatory scrutiny and potential price volatility from strategic liquidity flows. Staying informed on evolving policies around China crypto liquidation and Hong Kong’s regulatory framework is essential for managing future market shifts.

CoinShares’ latest TAM model shows Bitcoin price could surge significantly through targeted market penetration. The report finds that capturing 2% of global M2 liquidity (US$127.3 trillion) and 5% of the US$23.9 trillion gold market could push Bitcoin to US$189,000. That represents about 65% upside from the current US$114,800 level. CoinShares emphasizes that Bitcoin’s growing utility and adoption mean it need not fully replace fiat reserves or corporate treasuries. Small market share gains can still drive major value growth. For traders, this price projection signals a strong bullish outlook and highlights Bitcoin’s expanding role in corporate and reserve portfolios.

Eric Trump has urged crypto investors to “buy the dip” in Bitcoin and Ethereum, first retweeting his February message on August 2 before repeating it amid renewed tariff fears affecting crypto markets. His personal portfolio includes BTC, ETH, SOL, and SUI. The Trump family’s American Bitcoin mining firm holds 215 BTC, while its DeFi venture, World Liberty Financial, has acquired 77,226 ETH at an average price of $3,294, with an unrealized profit of $41.7 million. At press time, Bitcoin traded around $113,500 and Ethereum near $3,500. Trump’s backing highlights growing institutional interest and could signal a bullish catalyst for short-term buying opportunities amid ongoing market volatility.

BitMEX co-founder Arthur Hayes executed a rapid altcoin sale of $13.5M in six hours, offloading 2,373 ETH, 7.76M ENA and 38.87B PEPE. He cited looming US tariffs, slower credit growth after nonfarm payrolls, and geopolitical tensions as triggers. Hayes expects Bitcoin to retrace to $100,000 and Ethereum to dip to $3,000. In the past 24 hours, BTC slid from $120,000 to $113,000, while ETH fell below $3,500 (-2.8%). On-chain data reveals another large whale shifted over $90M of ETH to exchanges, contrasting with major investor SharpLink adding 14,933 ETH (~$52.6M), raising its holdings to 464,209 ETH. This wave of altcoin sale and strategic accumulation underscores market volatility and the sensitivity of traders to macro catalysts.

Binance has listed the FUN/USDC trading pair, enabling spot trading of FUNToken against the USDC stablecoin. This move boosts market liquidity, enhances price stability and aligns FUNToken with top-tier exchange standards. By pairing FUNToken with USDC, traders can hedge volatility, execute precise trading strategies and access deeper order books on the world’s largest crypto exchange. With over 100,000 on-chain holders, FUNToken aims to expand its global reach and build a reliable, scalable ecosystem for both retail and institutional users in Web3 gaming and on-chain engagement.

Trump Media & Technology Group reported total assets of $3.1 billion in Q2 2024, up 18% quarter-on-quarter and nearly 800% year-on-year. The surge was driven by a strategic Bitcoin reserves strategy, which now accounts for 65% of its portfolio with $2 billion in holdings. The company raised $2.4 billion in funding for its Bitcoin vault, making it one of the largest publicly listed Bitcoin holders. In Q2, Trump Media achieved its first positive operating cash flow of $2.3 million, reflecting improved operational efficiency. Additionally, the group filed multiple crypto ETF registration statements covering funds based on Bitcoin, Ethereum and other blue-chip digital assets, underscoring a strategic push into regulated digital-asset products. Traders should monitor corporate Bitcoin reserves growth, ETF approval progress and cash flow milestones as indicators of market sentiment and institutional adoption of crypto.

Ethereum daily active addresses have surged from 841,100 to over 931,000, marking a one-year then near two-year high. On-chain data from Santiment and Sentora indicates the metric has broken above its 600,000 consolidation level. Historically, spikes in Ethereum daily active addresses often signal upcoming volatility. After the latest uptick, ETH price dipped about 3.5% to around $3,650. Meanwhile, Glassnode reports USDT’s 30-day moving average transfer volume recovered to $52.9 billion. Despite the rebound, Ethereum trails Tron (TRX) and BNB in stablecoin flows. Traders should monitor Ethereum daily active addresses and USDT transfer volume as leading indicators for market momentum and trading opportunities.

Nasdaq-listed Mill City Ventures III has agreed a $500 million equity line with Alliance Global Partners to expand its SUI token treasury. This follows a $450 million institutional raise in August, which funded the purchase of 76.2 million SUI tokens. The firm will allocate 98% of the new proceeds to its SUI treasury and 2% to its lending operations. The equity line, backed by the Sui Foundation, aims to establish Mill City as the first institutional-grade SUI treasury. The announcement drove MCVT shares down 11.4% to $4.91, with further losses in after-hours trading, even as the stock is up 165% since unveiling its SUI treasury strategy in July. Meanwhile, SUI price dipped 2.4% to $3.50 amid broader market weakness. Institutional investors including Pantera Capital, Electric Capital, ParaFi and FalconX backed the earlier raise, with Galaxy Asset Management overseeing assets. Mill City’s move reflects a wider trend of public firms diversifying crypto treasuries beyond Bitcoin and Ethereum by adding tokens like BNB, SOL and XRP.

Ethereum whale 0xF436 has withdrawn a total of 24,765 ETH (approximately $89 million) from exchanges in two waves: 14,520 ETH over nine hours, followed by 10,245 ETH in the most recent eight-hour span. This large-scale ETH accumulation reduces available supply, signaling growing bullish sentiment and potential upward price pressure for Ethereum. Traders view such whale activity as a key market indicator that can trigger follow-on buying by retail and institutional participants and help stabilise volatility. However, concentrated holdings carry the risk of sudden sell-offs if the whale changes strategy. Overall, 0xF436’s consistent ETH withdrawals underscore institutional confidence in Ethereum’s medium- to long-term outlook, supporting a bullish trend.

Spot Bitcoin ETFs recorded an $812 million net outflow on August 1, their second-largest single-day withdrawal, pushing assets under management down to $146.48 billion (6.46% of Bitcoin’s market cap). Major redemptions hit Fidelity’s FBTC and ARK Invest’s ARKB, while trading volumes remained strong at $6.13 billion. Spot Ether ETFs ended a 20-day inflow streak with $152.3 million in outflows, trimming AUM to $20.11 billion (4.70% of Ether’s market cap). Meanwhile, corporate treasuries have been accumulating Ether at twice the pace of Bitcoin since June, acquiring about 1% of ETH’s circulating supply. Analysts say that despite short-term profit-taking and ETF outflows, sustained institutional demand and DeFi incentives could support long-term growth in Bitcoin ETFs and Ether ETFs.

Binance Alpha will list DarkStar (DARK) on August 4, integrating the token into the Binance Wallet for seamless on-chain trading. As a curated launchpad for early-stage crypto projects, Binance Alpha selects tokens based on community engagement, emerging trends, technological innovation and roadmap transparency. The DARK listing provides direct access to millions of users, enhanced liquidity and improved price discovery compared to decentralized-only platforms. Traders can bypass cross-chain hurdles and complex wallets by accessing DARK directly in Binance Wallet. Despite higher volatility and risk inherent to early-stage projects, Binance Alpha’s vetting process adds credibility and reduces adoption barriers. Investors should conduct thorough due diligence, start with small allocations, monitor community health and stay updated on official announcements and market sentiment.

BitMEX co-founder Arthur Hayes executed a $13.35M crypto sell-off, offloading 2,373 ETH, 7.76M ENA, and 38.86B PEPE across major exchanges. Arthur Hayes warns this crypto sell-off is not over, predicting Bitcoin (BTC) could retest $100,000 and Ethereum may slide to $3,000 amid fading credit growth, the US tariff bill expiry, and weak nominal GDP. Over 24 hours, ETH fell 5% below $3,600, while ENA and PEPE dipped around 2% after ENA’s prior 40% surge to $0.70 following the USDtb stablecoin launch and a $260M buyback. Friday’s downturn, triggered by new US tariffs and Bitcoin’s drop to $113,000, fueled risk-off sentiment. Crypto traders should brace for heightened market volatility as this bearish outlook may dampen short-term sentiment.

ARK Invest increased its stakes in crypto equities over August 1–2. On August 1, Cathie Wood’s team added $29.8 M in Coinbase shares and $17.1 M in Bitmain infrastructure assets. The next day, its flagship funds ARKK, ARKW and ARKF acquired 94,678 Coinbase shares (~$35.8 M) and 540,712 BitMine (BMNR) shares (~$18.7 M). These dual moves reinforce ARK Invest’s conviction in regulated exchanges and crypto infrastructure. Traders may view the added Coinbase exposure as a bullish signal for crypto stocks amid broader digital asset adoption. Risks include market volatility, regulatory uncertainty and competitive pressure.

On August 1, U.S. spot Ethereum ETFs recorded a combined net outflow of $152.26 million—the third-largest single-day redemption since launch. Leading the spot Ethereum ETF outflows were Grayscale mini ETH ($47.68M) and Bitwise ETHW ($40.3M), followed by Grayscale ETHE, Invesco QETH, Fidelity FETH, Franklin Templeton EZET, VanEck ETHV and ARK 21Shares CETH. These Ethereum ETF outflows reflect profit-taking after recent ETH gains, large-holder portfolio rebalancing and ongoing regulatory uncertainty. Some investors are shifting toward direct ETH holdings or DeFi staking for higher yields and lower fees. The surge in ETF outflows may apply short-term downward pressure on ETH prices as managers liquidate underlying assets, though deep market liquidity and ecosystem maturity are expected to cushion drastic moves. Traders should treat spot Ethereum ETF outflows as part of normal liquidity cycles, similar to patterns seen with Bitcoin ETFs. To navigate this volatility, maintain a long-term focus on Ethereum’s growth drivers—network upgrades, institutional adoption and staking demand—diversify between direct crypto and ETF exposure, and employ risk-management tools like stop-loss orders. Monitoring fund flows and regulatory developments will help anticipate future ETF inflows or outflows.

On August 2, the Bitcoin Fear and Greed Index dropped from 65 to 55, marking a shift to neutral market sentiment. Over the past 24 hours, the index fell by 10 points, though the 7-day and 30-day averages remain at 69 and 71, indicating sustained bullish momentum. The Bitcoin Fear and Greed Index combines six weighted metrics: volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and search trends (10%). A neutral reading at 55 often signals a consolidation phase. Traders can use the index alongside technical indicators and volatility analysis to refine trade timing and manage risk.

Baby Capital has signed a $100 million term sheet to acquire a controlling stake in Nasdaq-listed ATA Creativity Global, including $30 million in new shares and $70 million in warrants. Upon closing, Baby Capital will appoint three new board members as ATA pivots into BTCFi services. The deal deepens cooperation with the Babylon protocol—currently securing over 45,000 BTC and $5 billion TVL—to integrate Bitcoin staking into DeFi. ATA Creativity will also buy Baby tokens and launch ongoing token buybacks and stock issuances. This merger bridges traditional markets and crypto DeFi, offering traders a regulated entry into BTCFi and token investments. Traders should monitor listing plans, token acquisitions, and governance updates for market impact.

Shiba Inu’s price dropped nearly 5% despite burning a record 600 million tokens in 24 hours and a 16,700% surge in its burn rate. This shows that a Shiba Inu burn does not guarantee immediate price support. Toncoin remains range-bound below the $3.35 Fibonacci resistance. A breach of $3.29 support could push it down to $3.26, while a rebound above $3.36 may target $3.42. In contrast, BlockDAG’s presale has raised $358 million by selling 24.6 billion tokens. The campaign attracted over 4,500 developers across 300 Web3 projects. Priced at $0.0016 in the presale, BlockDAG tokens could see significant upside to a potential $0.05 listing. Traders should monitor token burns, key Fibonacci levels for TON, and BlockDAG’s presale milestones for trading signals.

Coinglass data shows Bitcoin liquidation intensity rose from an estimated $609 million at the $114K support level and $74 million at $116K resistance to a potential $3.5 billion across updated key thresholds. A drop below $112K may trigger $1.09 billion in long liquidations, while a rally above $116.7K could force $2.5 billion in short liquidations. These clusters of pending forced close orders highlight rising volatility on major centralized exchanges. Traders should monitor the $112K, $114K and $116.7K zones, adjust stop-loss orders, and manage margin risk. Real-time Bitcoin liquidation intensity can help predict sudden price swings and refine trading strategies.