Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

U.S. Department of Justice (DOJ) an Commodity Futures Trading Commission (CFTC) don officially don close all di probe dem wey dem dey do for Polymarket. Regulators don end investigation dem wey concern alleged unauthorized US trading an di $1.4 million settlement wey happen for 2022. Di probes dem increase after FBI raid CEO Shayne Coplan house afta di 2024 US election wagers. Wit di legal inquiry dem don drop, Polymarket don get important regulatory clarity. Dis one mean say dem fit move ahead wit di planned $200 million funding round. Traders fit expect say legal risk go reduce an market confidence go improve. Di move dey align wit di general easing for crypto regulation and e show positive momentum for prediction markets.

MultiBank Group don sell 7 million MBG Token for $0.35 each for less than one hour through MultiBank.io and Uniswap. The high demand show say traders dey hungry for asset-backed, regulated crypto products. Another MBG Token pre-sale wey get 3 million tokens go open by July 18 before the Token Generation Event for July 22. MBG Token get backing from $29 billion assets and get daily turnover of $35 billion. MultiBank ecosystem get TradFi CFDs, the upcoming MEX institutional exchange, real-world asset tokenization platform with $3 billion for real estate, and crypto derivatives. Dem get $440 million buyback-and-burn wey go make tokenomics dey deflationary and support long-term value growth.

Ethereum dey trade near $2,975 as traders dey wait for US House vote on the GENIUS Act, wey fit make 1:1 reserves mandatory for stablecoin issuers and comot billions in stablecoin demand to the Ethereum network. The CLARITY Act and Anti-CBDC Surveillance State Act dey face congressional debate too, wey fit shape how digital assets go be regulated. Institutional inflows still strong: US-listed Ethereum ETFs record one record net inflow of 225,857 ETH last week, while corporate treasuries add over 545,000 ETH (≈$1.6 billion) in the past month. Ethereum investment funds don dey see inflows for 12 weeks straight, total $990 million last week and over $4 billion year to date. On-chain data show “bull flag” breakout above $3,000. Short-term traders suffer over $500 million in liquidations, including $106 million in ETH positions. Key resistance levels dey at $3,300 and $4,000. Confirmed break above $3,000 with steady buy fit trigger rally go $4,000.

Glassnode data dey show say di Bitcoin cost basis for short-term holders don pass $100,000 per coin for di first time. On-chain metrics dey reveal say almost 99% of circulating BTC dey make profit, wey mean say market dey high joy and correction risk dey. For di last 24 hours, investors don realize like $3.5 billion profit, mainly from long-term holders wey lock their gains. E get one 14-year-old dormant wallet wey move 40,000 BTC go Galaxy Digital, wey later move 6,000 BTC go Binance and Bybit—one of di biggest whale transaction for months. These tins mean say $100,000 fit be strong support when market dey pull back, while concentrated whale activity and high cost basis fit cause more wahala. Traders suppose dey watch on-chain metrics, realized price levels, and whale flows make dem sabi wetin price fit do near-term and how liquidity fit change.

For July 15, Arcadia Finance catch $2.5 million hack for Base blockchain after pipo use Rebalancer contract jam. Dem commot like 2.3 million USDC and 227 thousand USDS from user vaults, then dem turn di money to 199 WETH and 965.8 million AERO before dem carry am go Ethereum. Blockchain security company Cyvers detect di wahala inside minutes, tell exchanges and bridge make dem blacklist those wey suspect. Arcadia Finance confirm di wahala, comot Rebalancer permissions, advise users to cancel di same permissions. The Arcadia Finance hack show say DeFi still get plenti bug. For first half of 2025, hack and fraud cost DeFi platform $2.47 billion, make person sabi say smart contract audit and permission management no suppose dey slack.

US lawmakers don start “Crypto Week” for House Rules Committee to discuss three big crypto regulation bills: Anti-CBDC Surveillance State Act, Digital Asset Market CLARITY Act, and GENIUS Act. The Anti-CBDC Act wan reduce the power of central bank digital currency. The CLARITY Act dey propose clear trading rules for platforms and middlemen. The GENIUS Act go set national stablecoin issuance standards. Democrat Rep. Maxine Waters introduce amendments to stop president, vice president, congress members and close family from owning or promoting cryptocurrencies, and to deny stablecoin recognition to regimes wey dictators declare themselves. Republican Rep. Warren Davidson carry amendment wey strengthen people self-custody rights to protect hardware and software wallet users from unnecessary interference. Meanwhile, FDIC, OCC and Federal Reserve issue joint guidance on legal, operational and audit risks for banks wey dey offer crypto custody, stressing strong third-party oversight. Advocacy group Stand With Crypto, wey Coinbase back, urge quick passage of the CLARITY Act, say clear crypto regulation go boost innovation and market stability. Floor votes dey expected within days, showing the pressure to shape US digital asset framework before recess.

ProShares don get SEC approval and DTCC clearance to list their first U.S. altcoin leveraged ETFs—Ultra XRP and Ultra Solana—on NYSE Arca, wey dem dey target 2× daily returns through futures and swap derivatives. Dem plan also get Short XRP and UltraShort XRP ETFs, still dey wait for DTCC eligibility, and all futures-based XRP products suppose drop by July 18 during Washington, D.C.’s Crypto Week. This move jam with the about 30% rally wey XRP don get over the past week. Even though these ETFs dey offer regulated, transparent exposure wey institutions go like, traders must dey watch serious risks—XRP’s ongoing regulatory wahala, Solana network outages, and sharp value drop for leveraged ETFs—because leverage fit increase both gain and loss.

Abacus Market, di biggest Bitcoin-enabled darknet marketplace, suddenly commot from online for early July. Dem no release any seizure notice, e make people dey suspect say na exit scam. Users talk say their Bitcoin withdrawal no come succeed for late June and daily deposits drop from $230,000 to $13,000. Dem start as Alphabet Market for 2021, then dem change name later that year and dem dey target traders from West and Australia. By June, dem carry over 70% of Western darknet market with $6.3 million monthly turnover. This suspected exit scam don make people dey fear for the safety of money for centralized darknet hubs. The scam claim also make traders no too trust darknet places. Traders dey move go decentralized platforms like Dread and dem dey like multi-signature escrow plus on-chain settlements. Short-term, volatility for BTC and XMR fit increase. Regulators fit put more eye for the matter. Long-term, transparent custody solution and better enforcement tools fit change how market dey stable.

Hungary don update e their criminal code on July 1, putin prison sentence for people wey dey do crypto trade wey no get permission. Dis punishment dey target people wey dey trade crypto for unlicensed exchange. Person fit catch prison for up to two years if dem trade crypto wey value between HUF 5 million and 50 million, three years if na between HUF 50 million and 500 million, and five years if pass HUF 500 million. People wey dey provide service without license fit face up to three years prison if transaction pass less than HUF 50 million, up to five years for HUF 50 million-500 million and eight years for big pass that. The Financial Supervisory Authority (SZTFH) get 60 days to arrange compliance framework. No guideline yet, this one make crypto companies dey uncertain. Fintech company Revolut stop their crypto services for Hungary small time but dem don allow withdrawal again as dem dey look for EU-wide license. Traders suppose dey watch how this stricter law go affect market access, liquidity, and compliance plans.

Bitcoin don jummpo reach new record high of $123,218, wey mark 10% gain for the week. The Bitcoin spot volume for Binance drop small before the rally begin, e mean say some hidden squeeze and quiet stacking dey happen. The drop mean say big holders dey collect BTC from outside the exchange. On-chain data from CryptoQuant show say exchange inflows sharply increase, caused by whale deposit of like 1,800 BTC in one day. This one mean say dem dey take short-term profit and maybe local top dey come. Analyst data still show say accumulator addresses buy 248,000 BTC for 2025—pass the normal monthly average—and now dem hold around $30 billion worth Bitcoin. Long-term holders still dey optimistic, plus institutional demand dey go on: spot Bitcoin ETFs record $2.72 billion net inflows for the week wey end July 11. Traders make dem watch for consolidation and possible sell pressure near current levels, but overall outlook still positive due to strong accumulation and ETF flow.

Bitcoin don jump pass $123,000 for Binance USDT markets, e break new record wey dey fuel by how big institutions dey adopt am and ETF approvals. Trading volumes and liquidity don reach record levels, plus bullish funding rates and decrease for exchange reserves dey show say long-term holders dey grow. Market gbege dey strong, e dey carry plenti altcoins go altcoin season. Regulators dey clear, network dey upgrade and halving dey expect e help Bitcoin strength. Traders suppose set clear entry and exit points, practice dollar-cost averaging and diversify portfolio dem to manage risk for di kain shaky cryptocurrency market wey dey.

For August 10, Bitcoin price climb pass $119,000 for OKX, reach $119,028.50 wit 1.83% intraday gain. For August 14, BTC push di rally go reach $123,000, hit $123,010 wit 1.73% gain. Dis steady momentum show sey people get hope for crypto market. Traders suppose dey look di trading volume, main resistance levels, plus big economic signs to sabi if Bitcoin price fit continue dey climb.

Binance Security Director Jimmy Su dey warn say di North Korean hackers, especially di DPRK-linked Lazarus Group, na di biggest threat to crypto companies. Dem dey use deepfake interviews with voice changers and poison open-source code repositories like NPM to break into systems and carry data comot. FBI connect di Lazarus Group to di record $1.4 billion Bybit hack wey happen for March, wey show say dem dey get more advanced. Di alert dey advise companies make dem run stronger checks for hiring, confirm email addresses before dem share credentials, and dey do regular code audits. Binance plus di regulators, including di FBI, dey work together to monitor North Korean hackers. Traders and developers need to make crypto security strong well well to protect assets against di growing deepfake attacks and open-source code poison.

Google Play go dey enforce crypto wallet licence requirements for pass 15 jurisdiction dem from October 29. These rules go cover both non-custodial and custodial providers dem. For US, wallet developers must register as Money Services Business or money transmitter with FinCEN and put AML and KYC controls in place. EU developers must get MiCA licence as crypto-asset service provider. All Android-based crypto wallets una for Google Play must follow these standards. Other areas still get similar local licence rules. This policy dey meant to boost security and regulatory compliance but e fit make operational cost high pass before. Traders suppose dey watch wallet availability and compliance changes, as higher costs and less app listings fit affect how users use am and the transaction volumes.

OKX own token OKB don double plus in value after di exchange do one record $7.6 billion token burn, wey clear 65.26 million OKB and cut the circulating supply to 21 million. This deflationary move mirror Binance own BNB burns and push OKB from $46 to peak $142 before e stabilize around $102, while trading volume jump 13,000% to $723 million. After this success, OKX don launch new supply reduction program wey get monthly OKB burns and strategic buybacks to tighten liquidity and support long-term price stability. The exchange also plan to migrate OKB go their X Layer blockchain, wey go give faster transactions and lower gas fees, and e go allow Ethereum-based OKB holders redeem tokens for native X Layer OKB. Market players don respond with correct bullish sentiment, talk say ongoing supply constraints and OKX deflationary strategy na the main drivers for OKB demand in the future.

President Trump don sign one executive order wey allow crypto for 401(k) retirement plans dem. The order open defined-contribution plans make dem fit hold alternative assets like private equity, real estate and digital currencies. US retirement assets total $43.4 trillion, and 401(k) plans get about $9 trillion inside. Industry people believe say if dem put like 1% crypto for 401(k), e fit add $90–120 billion for market. The investments go dey indirect through managed funds, no be direct holding. How e go take work depend on new Department of Labor, SEC and IRS guidelines to make sure ERISA compliance, fiduciary duty and tax clarity dey. Risks wey important na crypto volatility and regulatory wahala under ERISA. The best crypto wey fit enter 401(k) allocation na BTC and ETH. Some DeFi tokens like LDO, AAVE and UNI fit also benefit as funds dey find yield and diversification. Experts recommend make people get diversified portfolios, qualified custodians and long-term dollar-cost averaging. Regulatory review and plan-provider offers fit take months, but the final policy guidance dey expected within six months. Dis move mark big step for crypto to enter mainstream.

BNY Mellon go dey act as custodian for OpenEden’s $TBILL Tokenized U.S. T-Bills Fund, wey be di first short-term Treasury Bills fund wey get Moody’s A rating. Di tokenized U.S. T-Bills fund launch for 2023, e dey offer regulated on-chain exposure to U.S. T-Bills and overnight repurchase agreements through di TBILL token. BNY Mellon and e sub-manager Dreyfus go use their $55 trillion custody network plus fiduciary skill to protect di underlying assets. Since 2021, BNY Mellon don expand digital asset services with Bitcoin custody, Chainalysis integration and ETF readiness, and now e dey manage reserves for Ripple’s RLUSD stablecoin. Dis partnership show say real-world asset tokenization dey important and e dey build bridge between TradFi and DeFi with institutional-grade solutions. Traders suppose dey watch TBILL adoption and BNY Mellon’s digital custody expansion as main signs of deep institutional crypto involvement. Di tokenized U.S. T-Bills fund fit help traders diversify their portfolios and make liquidity better.

Perplexity, wey be $18 billion AI search startup, don propose say dem go buy Google Chrome for $34.5 billion as US dey do antitrust lawsuit wey dey challenge how Google dey dominate search. Perplexity wey dey backed by top VCs talk say if dem get am independent, e go better for the public, plus say dem go support Chromium for 100 months, invest $3 billion for product upgrade, and keep Google as the default search engine but still make users fit customize am. Dem plan be say dem go put Comet AI browser features join to challenge Google search and take advantage of browser entry points for Web3 and crypto trading tools. Chrome get 3.5 billion users and over 60% market share, so na important platform for crypto wallets, dApps and token discovery; any change for default settings or extensions policy fit affect how people fit access market. Judge Amit Mehta wey talk say last year Google monopolize search illegally, dey think about how to remedy am; experts talk say forced sale no likely, but Mehta yan say breakup fit be the “cleaner” solution. Any change for who own Chrome or its default settings fit change browser-based crypto trading setup and affect market long term.

Andreessen Horowitz (a16z) and DeFi Education Fund don ask SEC to set up DeFi safe harbor and NFT safe harbor framework. Their proposal go make e so say low-risk, non-custodial, decentralized apps no need register as broker-dealer under Securities Exchange Act. Dem set four criteria for DeFi safe harbor eligibility: decentralized protocols, non-custodial operations, no investment recommendations, and no discretionary control. The initiative dey try reduce regulatory uncertainty and support domestic development of public, neutral software tools. The request follow jury verdict against Tornado Cash co-founder Roman Storm and e align with a16z earlier recommendations, SEC Chair Paul Atkins call for updated crypto rules, and the pending CLARITY Act. Clear SEC safe harbor fit encourage innovation while still dey oversee high-risk activities, give traders better market clarity and fit boost investor confidence.

OKX don burn 65.26 million OKB permanently, dem cap di total supply for 21 million. Dis token burn comot coins for buyback reserves, create scarcity-driven model like Bitcoin. OKB jump pass 170% go above $139 before e settle near $129, with daily trading volume jump pass $842 million. As part of im tokenomics overhaul, OKX go retire OKTChain: OKT trading stop for August 13, and all OKT go auto-convert to OKB based on average July 13–August 12 closing price; swap go start August 15, plus smart contract upgrade on August 18 go disable minting and burn, with full phase-out by January 1. OKX also upgrade im X Layer blockchain via Polygon’s CDK, boost throughput to 5,000 TPS, slash gas fees near zero, and maintain Ethereum compatibility. Them improve DeFi support, cross-chain bridges, RWA tokenisation, plus tighter integration with OKX Wallet, Exchange, and Pay to push adoption. Market response don turn bullish, with OKB perform pass other CEX tokens like BNB (up 6%), UNI, and HYPE (double-digit gains), push OKB’s market cap to $6.5 billion. Even though fixed supply and X Layer upgrades support long-term demand, traders suppose keep eye on potential volatility and regulatory risks.

On-chain tracker wey dem dey call Whale Alert talk say USDC Treasury first mint 64.46 million USDC (≈$64.4 million) for Ethereum, den follow am with big $401 million issuance. Dis kain USDC minting show say stablecoin supply don increase well well, e mean say demand for liquidity dey grow for trading, lending and DeFi. USDC get 1:1 backing by reserves, e hold im dollar peg through clear mint and burn operations. Traders suppose dey watch stablecoin flows through on-chain alerts to get beta understanding of institutional activities, market depth and arbitrage chances. The big jump in USDC minting show say digital dollars dey get bigger role for global finance.

Ethereum market cap don climb reach $565.2 billion, e pass Netflix and Mastercard. The token price dey now just 3.7% below im November 2021 all-time high of $4,878. This strong rise na because of record institutional money wey enter Ethereum exchange-traded funds (ETFs) and also softer-than-expected US Consumer Price Index (CPI) data, wey make people dey expect say Federal Reserve go cut interest rates soon. Since beginning of the year, Ethereum don grow 40%, pass Bitcoin wey move 29%. Institutional demand from public companies like BitMine Immersion and SharpLink Gaming, wey get more than $8 billion combined holdings, still dey support this rally. New players like ETHZilla and The Ether Machine want to get big network shares. Traders suppose note say past big ETF inflows and soft CPI numbers don cause long Ethereum bull runs. Short-term momentum strong, but future price moves go depend on Fed policy signals and continued institutional demand.

Qubic, wey dey led by IOTA co-founder Sergey Ivancheglo, talk say dem do 51% attack for Monero by increase dia hashrate from less than 2% for May reach 51% plus for August. Di project use CPU mining power redirect go Monero through some useful proof-of-work (uPoW) model, convert di mined XMR to USDT to burn QUBIC tokens plus reward dia own validators. For August 11, on-chain data show say blockchain reorganize six blocks, wey confirm say dem take over di hashrate but start argument among Monero developers whether dis one fit be call sustained 51% control. Di Monero 51% attack make XMR price drop over 5% to about $247, but QUBIC native token go up over 20%, show how traders dey sensitive to di network security risk. Analysts dey warn say mid-cap proof-of-work networks still dey vulnerable to economic-driven hashrate concentration. This thing show say PoW get weakness plus e stress say we need better decentralisation plus security measures for blockchain networks.

Bitcoin for OKX climb pass $120,000 and $121,000 sharp sharp before e sharp shoot pass $122,000, e register daily gain about 1.7%. The breakout wey Bitcoin make pass the key resistance level show say e get strong bullish movement and traders dey demand am plenty. Market people fit try put more long position for the rally and dem go dey watch make e continue dey above $122,000 or e fit drop small as people dey take profit. This kine price movement fit open road for more up if buyers hold control.

Ethereum whale group wey be 7 Siblings sell 19,461 ETH ($88.2M) for 15 hours, dem dey add short-term profit-taking after 52% rally. Ethereum whale also talk say Ethereum Foundation sell 2,795 ETH ($12.7M), reduce reserve to 99.9 ETH and 11.6M DAI. Even though dem dey sell, institutional inflows strong still, with record $1.01B spot ETH ETF investments and DeFi TVL pass $90B. BitMEX co-founder Arthur Hayes buy back ETH few days after $10.5M sale. Analysts dey forecast say ETH fit reach pass $8,500 if BTC reach $150,000, e dey supported by Standard Chartered raise 2025 target to $7,500, layer-1 scaling plans, and stablecoin growth. Long-term forecast see ETH for $12,000 for 2026 and $25,000 by 2028. ETH dey trade near $4,690, just below im all-time high $4,891.

BTCC, one of di oldest crypto exchanges wey dem found since 2011, don appoint NBA All-Star plus 2023 Defensive Player of di Year, Jaren Jackson Jr. as im global brand ambassador. Dis na di first sports sponsorship for BTCC and e wan join professional basketball and crypto trading to make am popular among di mass. Dis partnership go get targeted marketing campaigns, exclusive fan engagement events, original content wey feature Jackson Jr., plus trading competition wey get signed merchandise and prize pools. Traders for BTCC fit do spot trading, futures with leverage up to 500x, and copy trading for a platform wey get all correct regulatory licenses for US, Canada, and Europe, and e dey focus on security. Jackson Jr. praise BTCC for im ten years record, disciplined way, plus fourteen years wey dem no get any security problem. BTCC Head of Branding talk say dem get shared values like authenticity, consistency, and substance over hype. Using Jackson Jr.’s cultural power and court success, BTCC wan grow im global users and make people trust their brand for crypto market.

Blue Origin don dey accept crypto payment now for dia New Shepard suborbital flights, wey allow customers book seat with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Tether (USDT), and USD Coin (USDC) through wallet like MetaMask or Coinbase Wallet. With partnership wit Shift4 Payments, all crypto payments dey convert sharp sharp to US dollars, supporting global 24/7 transactions without bank transfers. Since 2021, over 75 passengers—including Justin Sun’s $28 million auction seat—don fly, and this integration dey complement PayPal recent crypto merchant tools plus SpaceX big BTC holdings. Dis move dey simplify high-value purchases, sidestep international banking wahala, and show how crypto dey enter mainstream for luxury markets. Traders suppose dey watch for more Bitcoin use and good perception effects.

US bank groups wey Bank Policy Institute (BPI) dey lead and wey American Bankers Association support dey beg Congress make dem close one loophole for the GENIUS Act wey dey allow crypto exchanges and related issuers dey offer interest-bearing stablecoins. Dem warn say if dis gap still dey, e fit cause up to $6.6 trillion to move from traditional bank deposits go yield-bearing stablecoins, wey go weak bank dem core lending power and overall financial stability. Stablecoins dey now account for $280 billion of the $22 trillion US money supply, with USDT and USDC holding over 80% market share. Unlike bank deposits or money market funds, stablecoin issuers no dey fund yields through loans or securities, wey dey increase liquidity risks during economic stress. US Treasury project say stablecoin sector fit grow to $2 trillion by 2028, wey go increase systemic vulnerabilities unless dem close the regulatory gaps.

Based on recent XRP price prediction models, XRP fit reach $3 by 2026 and $7 by 2040, showing steady but no too exceptional gains for long-term holders. Meanwhile, Bitcoin Swift presale Stage 4 dey offer 106% APY at $4 per token, go increase to $5 for Stage 5 and aim $15 at launch. Bitcoin Swift get Proof-of-Yield consensus, WASM-based smart contracts, AI-driven governance, zk-SNARK privacy, plus hybrid PoW/PoS security. E BTC3E stablecoin maintain 1:1 USD peg with 150% collateral and AI oracles. Audited by Cyberscope, Solidproof, and SpyWolf, Bitcoin Swift don raise over $580,000 for presale and get plans to list for Orca, plus talks dey ongoing with MEXC, KuCoin, and LBank. With just hours left for Stage 4, crypto traders dey choose between patient XRP price plays and the aggressive staking rewards of Bitcoin Swift presale.