Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On August 1, a dormant Bitcoin whale reactivated a 12.4-year-old wallet and moved 306 BTC (about $35.3 million) into two new addresses. On-chain analysis indicates that this Bitcoin whale’s transfer likely reflects a security upgrade or fund reorganization rather than an imminent sell-off. Splitting the transfer across two standard-fee transactions suggests routine fund management. Although 306 BTC is modest compared with daily trading volumes and did not immediately sway Bitcoin’s price, this rare dormant wallet activity can affect market sentiment. The event underscores the importance of on-chain analytics, cold storage practices and seed-phrase backups for long-term Bitcoin custody. Traders tracking Bitcoin whale movements should watch similar dormant wallet reactivations for insights into whale behavior and potential liquidity changes.

CoinDCX hack occurred on July 19 when attackers used a fake job offer to dupe an employee into running tasks on his company laptop. This social engineering attack granted them access to internal systems. Exploiting his corporate privileges, hackers drained $44.2 million in Solana (SOL) and Tether (USDT) from a liquidity wallet via the Jupiter aggregator. Bengaluru police have arrested software engineer Rahul Agarwal, though it remains unclear if he was complicit or deceived. Authorities are tracing external wallets to recover funds, with CoinDCX offering a bounty of up to 25% of recovered assets. The exchange covered all customer losses from its reserves, ensuring user funds remain safe. The CoinDCX hack highlights the growing threat of insider vulnerabilities and social engineering, prompting calls for tighter internal security controls in crypto trading.

Gemini co-founders Tyler and Cameron Winklevoss have urged the Senate Agriculture Committee to block Brian Quintenz’s CFTC nomination, citing conflicts-of-interest due to his roles at a16z and as a Kalshi board member. FOIA-released emails indicate his incoming CFTC team sought confidential data on Kalshi competitors. In response, the White House requested delaying the committee vote, spotlighting worries about regulatory transparency and potential bias in the CFTC nomination. Crypto traders should monitor this saga for its implications on future CFTC policy and broader market conditions.

US Congress has passed the GENIUS Act, establishing the first federal framework for fiat-backed stablecoins. The law sets out strict stablecoin regulation: issuers must obtain a federal license, maintain 1:1 reserves in high-quality liquid assets, undergo independent reserve audits, and disclose full transparency. The Act also bans yield-bearing stablecoins. This prohibition aims to separate payment-focused tokens from tokenized money-market products and reshape DeFi balance between pure payment tokens and yield products. According to Fabian Dori, CIO at Sygnum Bank, the new stablecoin regulation will provide legal certainty, boost institutional adoption, and promote responsible innovation and financial stability. Compared to Europe’s more cautious digital euro approach, the US favours innovation. Crypto traders should monitor licensing timelines, reserve disclosures and stablecoin usage shifts to assess potential market moves.

Congress passed the GENIUS Act, introducing the first comprehensive US stablecoin regulation. This stablecoin regulation aims to boost trust and mainstream adoption. The law mandates 100% reserve backing in cash or high-grade assets, stringent AML/KYC controls, monthly reserve disclosures, and annual PCAOB audits for major issuers. It establishes dual oversight: the Fed and OCC for issuers over $10 billion, state regulators for smaller players, and grants holder priority in bankruptcy. A ban on yield-bearing stablecoins protects consumers but may drive users to DeFi. However, a notable loophole exempts offshore issuers like Tether, subject only to undefined ‘comparable’ standards. Tether has pledged compliance and plans a domestic stablecoin. The Act opens stablecoin issuance to banks and retailers, from Bank of America to Amazon, and is likely to boost demand for US Treasuries. Traders should watch for market share shifts toward compliant alternatives and increased volatility during the transition.

Hashgraph Group (THG) has launched IDTrust, a self-sovereign identity (SSI) platform on the Hedera network. AI-driven and powered by Hedera Consensus Service stateless proofs, IDTrust issues, manages and verifies digital credentials without centralized authorities. Users retain full control of their personal data and do not need to hold HBAR tokens or adopt Hedera key schemes. IDTrust’s design avoids ledger bloat and reduces validator strain while adding authorization capabilities alongside identity proofs. CEO Stefan Deiss highlights its decentralized trust model as a differentiator from Polygon ID, Worldcoin and Microsoft Entra. The launch aligns with global digital ID efforts—including Switzerland’s upcoming e-ID framework and Vietnam’s national blockchain identity platform—and THG is working with Swiss authorities to ensure e-ID compatibility and W3C verifiable credential support for IDs and driver’s licences.

Global crypto exchange MEXC has introduced TRON stock futures via a USDT-settled TRON/USDT pair. These TRON stock futures offer zero trading and funding fees, deep liquidity, and up to 5× leverage. Maker and taker fees are 0.01% and 0.04%, respectively. Users can take long or short positions on Nasdaq-listed Tron Inc. shares. Tron Inc., formerly SRM Entertainment, holds over 365 million TRX tokens, has deployed a $100 million TRX treasury, integrates TRX staking on JustLend, and rang the Nasdaq Opening Bell on July 24. Launched on August 1, 2025, this listing underscores growing demand for tokenized equities and bridges traditional finance with digital assets, providing institutional-grade infrastructure for diversified crypto derivatives trading.

XRP price plunged by around 8% to near $2.90 amid a broader crypto downturn. Trading volume jumped 28% to $8.2 billion as panic selling hit XRP and other major coins. On-chain data shows whales offloaded roughly $28 million in XRP daily over the past 90 days, contributing to $758 million in total liquidations, including $41 million in XRP positions. Technical analysis indicates bearish momentum: RSI stands at 48 and MACD has triggered a bearish crossover. Key support lies at $2.80–$2.73, with immediate resistance at $3.00 and $3.23. A break below $2.73 could target the $2.00 zone, while reclaiming $3.00 may open upside toward $3.55–$4.00. Declining exchange balances and rising sell pressure signal continued downside risk for traders.

Ray Dalio has sold his final stake in Bridgewater Associates and exited its board after 50 years. Bridgewater issued new shares to Brunei’s sovereign wealth fund, giving it almost a 20% stake. Dalio forecast an economic downturn worse than a recession, warning of a global debt crisis and likening potential fallout to an “economic heart attack” if the US budget deficit stays above 3% of GDP. To hedge against currency devaluation and market volatility, he raised his recommended Bitcoin allocation from 2% to 15% and continues to recommend gold as a safe haven. He praised Bitcoin as “one hell of an invention” and confirmed he holds some Bitcoin, though he still prefers gold. Despite past miscalls—like an incorrect 1982 depression prediction—Dalio’s revised Bitcoin allocation strategy signals renewed investor interest in cryptocurrency hedges amid macroeconomic uncertainty.

El Salvador’s Legislative Assembly approved constitutional amendments allowing President Nayib Bukele indefinite presidential reelection. The reforms extend the term from five to six years, eliminate runoff votes and align presidential and legislative elections to save an estimated $50 million per cycle. Critics warn the changes concentrate power, undermine democratic checks and risk authoritarianism amid reports of detained opposition lawyers. Supporters, citing a 78% approval rating, argue that synchronization of votes returns power to citizens and frees funds for public spending. On the cryptocurrency front, the government claims daily Bitcoin purchases, holding 6,255.18 BTC, despite an IMF report stating no new buys since the $1.4 billion loan in December 2024. El Salvador also signed a memorandum with Bolivia’s largest bank to bolster regional crypto infrastructure. Traders should watch how political centralization from the presidential reelection plan and evolving Bitcoin strategy affect market confidence and adoption in this leading crypto use case.

Cboe & NYSE Arca have submitted proposals to amend SEC listing rules and fast-track crypto ETF approvals by cutting the SEC’s 19b-4 review timeline from 240 days to about 75 days. The plans revise Cboe’s Rule 14.11(e)(4) and NYSE Arca’s Rule 8.201-E, replacing case-by-case 19b-4 sign-offs with clear criteria on asset type, liquidity and market oversight—aligning crypto ETFs with traditional commodity funds. This follows the SEC’s approval of in-kind redemptions for spot Bitcoin and Ethereum ETFs and new legislative clarity from the GENIUS and CLARITY Acts plus a White House framework. Analysts say faster crypto ETF listings could unlock institutional capital and broaden investor choice to include altcoins like Solana (SOL), Avalanche (AVAX) and XRP. Critics warn streamlined rules may favor large tokens and sideline smaller projects. The SEC’s recent pause on the Bitwise 10 Crypto Index ETF and Grayscale conversions underscores its cautious stance. If adopted, these changes would accelerate new fund launches, bolster institutional inflows and mark a significant step toward mainstream digital asset adoption.

Strategy reported a record Q2 profit of $10 billion, driven by $13 billion in BTC fair-value gains. Operating income jumped 7,100% year-on-year to $14 billion. The firm holds 628,791 BTC (≈$73.3 billion) and raised its full-year BTC yield target to 30% and Bitcoin gains goal to $20 billion. Strategy announced a $4.2 billion preferred share (STRC) issuance to fund up to 36,128 BTC purchases under its $84 billion “42/42” acquisition plan. Despite strong crypto performance, shares closed at $401.86 and dipped 1.4% after hours. CEO Phong Le called the stock “misunderstood and undervalued” and emphasized Strategy’s low P/E in the S&P 500. Co-founder Michael Saylor and Le are lobbying for clearer U.S. crypto regulation ahead of the Digital Asset Market Clarity Act review.

SatoshiMeme ($SATOSHI) launched its eight-phase presale on August 1, 2025, at 18:00 UTC+9, offering 8 billion tokens in phase one at a 50% discount. Traders can purchase $SATOSHI with USDT via TRC-20, Solana, or BSC, send funds, install the WONPAY MicroBitcoin wallet, and email their TXID to receive tokens automatically within 24 hours. Backed by P2P Foundation and Commons Foundation, SatoshiMeme runs on the MicroBitcoin (MBC) network to revive Satoshi Nakamoto’s micro-economic currency vision. With strong social media buzz and pending major exchange listings, the presale is expected to sell out rapidly, presenting a bullish opportunity for early meme coin investors.

Coinbase Q2 revenue for 2025 reached $764 million, slightly below analysts’ forecasts, with Bitcoin commanding a 34% share. XRP’s revenue share rose to 13% in Q2 and to 16% over H1, surpassing Ethereum’s 12% Q2 and 11% H1 shares, buoyed by its July 2023 relisting following a favorable SEC ruling. Stablecoin revenue jumped 44% year-on-year, led by USDC demand. Coinbase’s crypto treasury remained BTC-centric, holding $1.3 billion in BTC, $300 million in ETH and $200 million in other tokens. Traders may view the surge in XRP and stablecoin revenues as bullish signals, reflecting shifting market dynamics. Amid these shifts, Coinbase Q2 revenue dynamics highlight diversification in trader preferences.

On August 1, Hong Kong’s Stablecoin Ordinance took effect, inaugurating a formal stablecoin licensing framework. The Hong Kong Monetary Authority (HKMA) will accept applications for fiat-backed stablecoins pegged to HKD and USD until September 30, 2025, and plans to issue the first licences in early 2026. Major firms including JD.com and Standard Chartered have signalled interest, but initial approvals will be limited to select qualified issuers. The framework mandates a 1:1 reserve ratio, restricts advertising to licensed entities to curb scams, and requires issuers to implement geo-blocking measures against prohibited jurisdictions, including VPN-based access. Firms must notify the HKMA by August 31 and submit full applications by September 30, 2025. The stablecoin licensing rules aim to enhance market stability, investor protection, and transparency, aligning Hong Kong with global compliance trends and reinforcing its status as a leading crypto and financial hub.

South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have launched a joint task force with the Digital Asset eXchange Alliance (DAXA) to draft comprehensive crypto lending regulations. The framework will impose caps on leverage ratios, define eligible assets, mandate clear risk disclosures, and enforce transparency in lending reports. Top exchanges including Bithumb and Upbit—offering loans up to four times collateral and 80% loan-to-value, respectively—will need to comply. These measures aim to curb excessive crypto lending, strengthen investor protection, and prevent market instability in the wake of global platform failures such as Celsius and BlockFi. The draft rules, expected next month, mark Seoul’s expanded push for digital asset oversight and are set to reshape future legislation.

Naoris Protocol has launched a $120,000 post-quantum bug bounty to test and strengthen elliptic curve cryptography against future quantum computing attacks. The program awards $50,000 for breaking secp256k1 (Bitcoin, Ethereum), $30,000 for Ed25519 (Signal, Solana), $20,000 for NIST P-256 (TLS/SSL), and $10,000 for other NIST curves. Participants must recover a full private key through pure mathematical cryptanalysis, excluding implementation flaws. CEO David Carvalho stressed that this effort “isn’t about attacking cryptocurrency, it’s about defending it,” highlighting the urgency for quantum-safe solutions.\n\nThe bounty underscores growing concerns as quantum computing nears the 2,330 logical qubits needed to crack 256-bit curves. In response, Bitcoin developers are drafting a BIP to phase out vulnerable signature schemes. Meanwhile, Sui Research unveiled a quantum-resistant framework compatible with Sui, Solana, Near, and Cosmos without hard forks. This post-quantum bug bounty marks a proactive step in bolstering blockchain security and cryptographic resilience ahead of future quantum threats.

On-chain analytics firm Lookonchain reports that wallet 0xd8d0 executed a crypto whale accumulation of 893 BTC and 20,000 ETH—totaling about $177 million—in just five hours. This crypto whale buy is viewed as a bullish market signal, driven by the Bitcoin halving event, Ethereum’s Dencun upgrade, macroeconomic uncertainty fueling crypto hedging, and anticipated institutional inflows via spot ETFs. By moving funds off exchanges into cold storage, the whale may tighten circulating supply and create upward price pressure on both BTC and ETH. Traders tracking this crypto whale move should monitor on-chain data and on-chain metrics, assess supply tightness, and combine these insights with technical analysis before trading.

CoinShares has registered a Delaware entity to launch a Solana staking ETF in the US. The proposed Solana staking ETF will hold SOL tokens and stake them on investors’ behalf, delivering rewards via NAV growth or cash distributions. This move signals growing institutional adoption of altcoin yield products and bridges traditional finance with crypto yield strategies. Delaware’s corporate-friendly laws provide a supportive framework for the fund. The Solana staking ETF would offer simplified access to staking rewards, regulatory oversight, and enhanced liquidity through exchange trading. CoinShares aims to attract capital from pension funds, endowments and family offices seeking yield. Key challenges include SEC approval, secure SOL custody, slashing risk, operational complexity and Solana’s price volatility. Traders should monitor regulatory developments, fee structures and staking reward trends. If approved, the Solana staking ETF could broaden crypto adoption beyond Bitcoin and Ethereum ETFs and impact SOL market liquidity.

Bitcoin spot ETFs recorded a net outflow of about $115M on July 31, ending a five-day inflow streak. ARK Invest’s ARKB led withdrawals with $89.9M, while Fidelity’s FBTC also saw heavy outflows. On the inflow side, BlackRock’s IBIT attracted $18.6M and Franklin’s EZBC added $6.8M. Total AUM for Bitcoin spot ETF offerings now stands at $152B, with cumulative net inflows reaching $55B since launch. This reversal reflects profit-taking and macro uncertainty, underscoring volatility in institutional demand. Traders should track ETF net flows closely as indicators of liquidity and potential BTC price swings. Key factors to watch include macroeconomic trends, regulatory developments and new product launches. Short-term dips may offer buying opportunities under a long-term Bitcoin thesis.

Bitcoin has traded between $115,000 and $121,000 for over two weeks, forming a tight trading range ahead of a potential breakout. A brief dip below $116,000 followed the Fed’s FOMC minutes and Chair Powell’s press conference, but prices quickly recovered as traders refocused on fundamentals. Order book data reveal large sell walls at $121,100 and strong bids at $111,000, while liquidation heatmaps highlight long liquidations below $115,000 and potential short squeezes above $120,000. Institutional signals support a bullish outlook. Spot Bitcoin ETFs have netted $641.3 million in inflows since July 23, and corporate treasury purchases have surged, with a 100:1 buyer-to-seller ratio. Technical indicators—narrowing Bollinger Bands and muted leverage in futures markets—suggest an imminent expansion of volatility. In the short term, Bitcoin may retest $111,000–$115,000 to absorb liquidity. A decisive close above $120,000 on both spot and perpetual futures would confirm a bullish breakout. Upcoming US policy reports and SEC speeches could further boost institutional adoption.

Crypto futures liquidations surged in successive waves, erasing $274 million within one hour and $614 million over 24 hours in an initial phase, then moderating to $133 million in an hour and $632 million across the next 24 hours on major exchanges. Sudden Bitcoin (BTC) and Ethereum (ETH) price swings, amplified by excessive leverage—up to 100×—triggered automatic liquidations and cascading closures that intensified market volatility. The sell-offs pressured asset prices and elevated investor uncertainty, though nimble traders capitalized on dip-buying and short-squeeze opportunities. Experts advise robust risk management for crypto futures trading: use lower leverage, set tight stop-loss orders, diversify positions, and monitor funding rates and open interest to navigate future liquidation storms.

MicroStrategy reported a record $10 billion net profit in Q2, driven by a 7,100% year-on-year jump in operating income to $14 billion. The gain stemmed from unrealized Bitcoin (BTC) mark-to-market rises. CEO Phong Le called MicroStrategy “misunderstood and undervalued.” The firm holds 628,791 BTC (worth $73.3 billion) and saw its BTC yield increase 25% this quarter, with $13 billion in valuation gains. To fund further buys under its upgraded “42/42” plan, MicroStrategy announced a $4.2 billion preferred-share issuance. It has already raised $2.5 billion this month to acquire 21,021 BTC. Full-year targets include a 30% BTC yield and $20 billion in Bitcoin gains. These moves may reshape investor sentiment toward MicroStrategy and Bitcoin equities.

The U.S. Securities and Exchange Commission (SEC) on Thursday launched Project Crypto, an initiative to modernize crypto regulations and adapt legacy securities rules for on-chain finance. Chair Paul Atkins clarified that most digital assets do not qualify as securities under the Howey Test, addressing past ambiguity. The SEC will collaborate with the Crypto Task Force, led by Commissioner Hester Peirce, to issue interpretive statements, exemptions and safe harbors for crypto issuance, custody and trading. It aims to foster innovation, support new market entrants and protect Main Street investors before Congress enacts dedicated legislation. For tokens deemed securities, the SEC plans flexible disclosure requirements covering ICOs, airdrops and network rewards. Project Crypto underlines the regulator’s commitment to balanced oversight, strengthening U.S. leadership in digital asset markets and reversing policies that drove firms overseas.

On-chain data reveals Ethereum whales have amassed 790,000 ETH (US$2.89 billion) since July 10 at an average price of $3,510 per ETH. Notable transactions include addresses withdrawing 44,983 ETH from FalconX at $3,805 and acquiring 62,966 ETH via Galaxy Digital at $3,820. This sustained whale accumulation highlights strong institutional confidence in Ethereum’s DeFi/NFT ecosystem, EIP-1559 deflationary burn, attractive staking yields under Proof-of-Stake and potential spot ETH ETF inflows. Key metrics—exchange netflow, active addresses, whale holdings and staking ratio—indicate reduced circulating supply and bullish momentum. Traders should monitor Ethereum whales’ flows, consider dollar-cost averaging and leverage on-chain analytics to anticipate market movements.

Jito Labs, VanEck, Bitwise, the Solana Policy Institute and Multicoin Capital petitioned the SEC to allow liquid staking in Solana ETFs. Liquid staking lets holders delegate SOL to validators while receiving derivative tokens, removing lock-ups and avoiding forced rebalances during large flows. Supporters say liquid staking in Solana ETF boosts capital efficiency, streamlines creations and redemptions, enhances network security and adds revenue streams. At least nine Solana ETF applications are pending SEC approval. The petition omits risks such as smart contract bugs, de-peg events and slashing. The SEC has no formal guidance on liquid staking but hinted that direct staking tied to consensus may not be a security. Ethereum ETF issuers are pursuing similar approval: Nasdaq filed to allow BlackRock’s iShares ETH ETF to stake, after Grayscale’s earlier request. Analysts expect staking features to draw more institutional capital, noting non-staking ETFs are “slightly imperfect.”

JPMorgan Chase and Coinbase plan a full bank-to-wallet crypto integration in 2026. Under the deal, Chase customers can use credit cards to fund their Coinbase wallets and convert card rewards into USDC stablecoin. They will also link checking accounts directly to Coinbase for seamless crypto purchases. This bank-to-wallet crypto integration follows recent U.S. laws—the GENIUS Act and the Digital Asset Market Clarity Act—which provide clear rules for stablecoins and digital assets. The announcement sent Coinbase shares up 6%, closing at $377 and lifting its market cap to about $95 billion. Industry experts say the move will accelerate mainstream crypto adoption by lowering entry barriers. However, analysts warn branded transactions may carry higher fees, urging traders to compare costs. The partnership underscores growing institutional acceptance and could boost retail and professional demand for BTC and ETH.

Galaxy Digital moved 23,314 ETH (≈$88 million) to a new wallet on June 15, boosting its balance to 62,966 ETH (≈$233 million). Onchain Lens confirmed the transaction on August 1. This large Ethereum transfer highlights escalating institutional activity in the ETH market. Analysts say the shift likely reflects liquidity management, internal restructuring, or preparation for staking and DeFi participation. Significant ETH movements by institutional players often influence market sentiment and price trends. Traders tracking wallet flows may interpret this accumulation as a bullish signal for Ethereum’s long-term outlook, even amid possible short-term volatility.

Nasdaq-listed SharpLink Gaming has boosted its Ethereum treasury, purchasing 11,259 ETH (approx. $43.09 million) at an average price of 3,828 USDC per ETH in an OTC deal managed by Galaxy Digital. The July 31 acquisition lifts SharpLink’s total holdings to 449,276 ETH (around $1.73 billion), marking a 21% surge in ETH assets over the past ten days after earlier buys of 77,210 ETH (~$295 million) and 16,374 ETH (~$48.85 million). Now the second-largest institutional ETH holder after Bitmine Immersion Technologies, SharpLink is also active on Ethereum Layer 2 network Linea to support token distribution and network growth. Its aggressive crypto treasury strategy, similar to MicroStrategy’s Bitcoin reserves, has driven the SBET stock up 3% in early trading and nearly 97% over the last month. This move underscores growing institutional adoption of ETH and could bolster market sentiment ahead of potential ETH ETF approvals.