Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Elon Musk use him AI chatbot Grok to find out the risk wey quantum computing fit bring to Bitcoin and how durable SHA-256 encryption be. Based on studies from NIST, IBM plus expert surveys, Grok talk say the chance for quantum attack dey near zero for next five years and less than 10% before 2035. Current quantum systems dey work with about 1,000 qubits — far from the millions needed for Grover’s algorithm. IBM Blue Jay project dey target 2,000 qubits by 2033, meanwhile Google and Microsoft dey develop rival platforms. Deloitte report warn say up to 25% of Bitcoin fit become vulnerable if dem no use post-quantum cryptography. Bitcoin network fit need upgrade from SHA-256 go stronger hash functions like SHA-3 or SHA-512 or use other quantum-resistant protocols. With Tesla and SpaceX holding over $2 billion in Bitcoin, security wahala still dey important for big investors. Traders suppose dey monitor quantum computing progress and any protocol upgrade ideas to protect network security long term.

Coinglass data first show BTC liquidation level dem for $108,279 and $118,809, wey fit cause up to $2.075 billion for long liquidations and $1.662 billion for short squeezes for big centralized exchanges. Later update change these level to $109,022 and $119,524, with possibility of $1.389 billion long liquidation and $1.352 billion short liquidation. This kind big liquidation fit sharp increase market volatility. Traders suppose dey monitor these BTC price level well, adjust leverage, put stop-loss order for CEX, and improve entry and exit strategy to manage risk and prepare for sudden price changes.

Bitcoin mining difficulty don jump reach record 127.6 trillion hashes for block height 908,373, na because network hashrate dey rise and miners dem dey active again. CoinWarz talk say difficulty go drop small, like 2–3%, come reach about 123.7 trillion on August 9, as average block time don pass the 10-minute target. This increase for mining difficulty dey make blockchain secure pass and e still support Bitcoin stock-to-flow ratio wey now double gold, but e dey squeeze miners profit. Despite that, miner dem earnings hit post-halving high of $52.6 million per exahash every day, because hardware get better efficiency and price steady. Bitcoin price drop about 4% test $104,000 cos US and Russia tension dey. CryptoQuant data show say long-term holders dey get strong unrealized gains, wey dey keep market structure mostly bullish, while short-term holders dey near break-even, wey fit raise volatility risk. The coming difficulty drop fit help small miners and make margins normal. Traders suppose dey watch miner revenue, block times and network security metrics; price impact likely go neutral short term, long term stability still dey intact.

Former Chancellor George Osborne dey yan say di UK cautious stablecoin regulation dey threaten London position as one big global digital finance hub. For one FT op-ed, e sabi say Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey dey delay things with bureaucracy and their law dem no clear. E talk say dem need take sharp actions like Big Bang reforms wey happen for 1980s, make dem get one crypto task force and quick stablecoin law. Meanwhile, HM Treasury under Reeves dey work on stablecoin framework, digital pound research, and DLT sandboxes to promote new things. Bank of England dey insist on strict money test and full central bank backing for commercial stablecoins, wey dey limit how dem fit issue. As global stablecoin market don pass $250 billion and UK no too dey involved, clear stablecoin regulation for UK go important for next 1–2 years to maintain Britain digital asset leadership.

Di Cardano community don approve historic grant wey worth 96 million ADA (≈$70 M) for Input Output Engineering (IOE) to run one year upgrade roadmap for dem core protocol. The proposal gatz 74% voter approval, e mark di first time dem go direct fund Cardano core development from treasury. Dis milestone-based grant, wey Intersect governance body dey manage, go support beta scalability, cross-chain interoperability, developer tools and performance through projects like Ouroboros Leios, Hydra and Mithril. Dis disbursement go dey automatic through smart contracts and monthly update plus quarter budget report go dey required. On-chain developer activity don increase, even though ADA drop under $0.62, dis show say builders still get strong confidence. For market, ADA dey trade near $0.73, e dey hold support around 200-day EMA (≈$0.70) and e dey test 50-day EMA at $0.72. Technical indicators show say MACD momentum dey improve and Bollinger Bands dey tight, e mean say ADA fit break above $0.74 and target near $0.79. If e no fit hold above 50-day EMA, e fit cause pullback go $0.68. Traders see IOE grant as bullish catalyst wey fit make Cardano network strong and carry ADA price momentum go.

TRON oga Justin Sun fly go space for Blue Origin New Shepard NS-34 mission. E be di youngest Chinese commercial astronaut and di first crypto business person wey dey Forbes cover for orbit. Sun bid $28 million for 2021 wey fund Blue Origin Club for the Future, wey give $1 million grant to 19 STEAM non-profit dem. For di few minutes flight, e carry 1,000 TRON community wishes, show how blockchain fit reach beyond Earth. Di mission show how crypto projects and space tourism dey where dem dey connect more, and e boost TRON visibility. After di event, TRX market cap rise go $31.2 billion, and TRON network get di biggest USDT supply, 323 million accounts, 11 billion transactions and $26 billion TVL.

Dis blockchain-powered decentralized energy grid go set am for modernize di US electric infrastructure by using token incentives for rooftop solar panels and home batteries. Under di American AI Action Plan, dis decentralized energy grid model dey mobilize distributed energy resources, dey boost grid resilience and uptime while e dey support AI data centers, crypto mining operations and high-performance computing. By decentralizing grid management and reducing reliance on big utilities, di network dey enhance outage resistance and e dey simplify regulatory wahala. Partner for venture firm Pantera, Cosmo Jiang talk say dis token-based, gig-economy style approach fit carry idle energy capacity go market. Proposed policy measures include to explore nuclear power, to harden components against electromagnetic interference, plus to build redundant systems for maximum availability. Traders suppose dey watch on-chain activities for energy-focused blockchain projects and Bitcoin (BTC) flows, as grid decentralization fit increase demand for Bitcoin mining and related tokens.

City workers for Lugano don recover di vandalised Satoshi Nakamoto statue from Lake Lugano after e been steal from Parco Ciani during Swiss National Day weekend. Di Bitcoin symbol dem find break finish into plenti pieces but e still dey weld attach for e base by foot. Di statue wey Satoshigallery put October 2024 get 0.1 BTC reward if person get info wey fit help find am. People wey sabi like Gabor Gurbacs and Tether CEO Paolo Ardoino condemn di vandalism. Satoshigallery talk sey dem still dey committed to put 21 Satoshi Nakamoto statues around di world. Traders suppose sabi di reinforced cultural value of Bitcoin but dis kain thing no go affect BTC price.

Metaplanet wey dey listed for Tokyo, na investment firm, don buy extra 463 Bitcoin for ¥7.995 billion (US$540 million), make e total holdings reach 17,595 BTC (¥261.28 billion/US$1.78 billion). Dis buy come as e share price drop 7.15% reach ¥987, about 50% less than June peak. Metaplanet Bitcoin yield per share reach 309.8% for Q4 2024 and 129.4% for Q2 2025, but e slow down to 52.6% by August 4, 2025. As dem dey gather Bitcoin steadily, dem wan be Asia closest proxy to Bitcoin ETF. Dis strategy align with global leaders like MicroStrategy and show say institutional demand for crypto dey grow for Japan. E also show say many Japanese companies dey diversify their treasury into digital assets as inflation hedge and to make their balance sheet strong. Metaplanet move fit make other firms begin use crypto, fit make regulatory clarity quick and support long-term Bitcoin price stability.

White House AI and crypto affairs chief David Sacks no dey fear say AI go cause yawa job loss for everywhere, e yarn say AI tools need human commands, supervision and checking to get real business benefit. E talk say study from Microsoft Research wey check 200,000 Bing Copilot chats show say crypto roles like news analyst, technical writer and customer service people dey among 40 work wey fit quickly become automated, get AI score between 0.38-0.39 for reporting and 0.35-0.36 for data analysts. Based on US Labor Department info, Sacks yan say July job growth for US no follow forecast well; only 73,000 new jobs show, and big crypto job boards only get 38 (CryptoJobsList) and 69 (Remote3.co) new crypto jobs. E agree with ex-Coinbase CTO Balaji Srinivasan say AI just dey replace old AI models no be human workers, meaning crypto jobs go change through support not to vanish. Traders need see this as neutral so market stability go hold as report no get price driver and AI job loss fear dey overhype.

For one delayed wahala, one scammer knack $908,551 USDC by using one 458-day-old USDC token gree wey dem sign for April 30, 2024. E be like the person wey the bad man knack token approval from do am because of one phishing site or fake airdrop. The wallet no get anything until July 2, 2025, when $762,397 USDC move go MetaMask and $146,154 land from Kraken. For August 2, 2025, 04:57 UTC, the scammer shift all the money go pink-drainer.eth address. Security people wey be Scam Sniffer detect the yawa and talk say make people dey check their wallet security often and cancel old USDC token approvals to stop future scam dem.

For August 4, 2025, SEC raise single-contract position limit for option-enabled Bitcoin ETFs from 25,000 go 250,000 contracts. Dis change na apply to BlackRock’s iShares Bitcoin Trust ETF (IBIT) but e no include Fidelity’s Wise Origin Bitcoin Fund (FBTC). Dis ten times increase go allow IBIT to run covered call and other advanced option strategies. Research head Greg Cipolaro for NYDIG talk say dis kind tactics fit reduce Bitcoin wahala for price change, make Bitcoin ETF fine for institutional investors, and increase spot demand. SEC also approve in-kind creation and redemption for crypto ETFs. Authorized participants fit swap real coins instead of cash. As e be now, only Jane Street and Virtu get the crypto infrastructure wey dem need. Other fit need partner or buy to fit compete. Traders suppose expect better arbitrage, deeper liquidity, and more option wahala for Bitcoin ETF market. Overall, dis regulatory moves show say ETF space dey mature. Higher option limits and in-kind methods go support lower price wahala, strong institutional flow, and better outlook for Bitcoin trading.

Bitcoin drop 5% for di weekend, drop from about $118,330 for Friday to $112,300 for Sunday, mark di start of August sabi say e always dey bearish for di time. Glassnode data talk say Bitcoin don fall for eight of di last 12 August months, average loss na 11.4%. IG Markets analyst Tony Sycamore dey warn say Bitcoin gats hold di $112,000–$110,000 support zone so that e no go dey lose more. If support fail, price fit test di 200-day moving average near $99,355. If nothing positive show, di $125,000 level na strong resistance, just above Bitcoin all-time high wey near $124,000. Traders gats watch US work data and trade tariffs as e dey affect risk mind well well. September sef no too perform historically, e record fall for eight of di last 12 years.

SharpLink don increase dia institutional Ethereum waka pass as e spend $108.6 million for USDC through Galaxy Digital OTC desk to buy 31,941 ETH at average price wey near $3,530-$3,828. Dis trading, we Arkham Intelligence don confirm, don boost dia holdings pass 470,000 ETH (~$1.65 billion), make SharpLink be the second biggest corporate ETH treasury. At the same time, The Ether Machine add 15,000 ETH for $3,809 each, raise dia treasury to 334,757 ETH, pass Ethereum Foundation. Corporate Ethereum treasuries don surpass $10 billion, with BitMine wey hold 625,000 ETH lead am. Industry chiefs talk say staking yields, DeFi use and law clarity na the main reasons for institutional wakka. Buying during the $3,900 dip, we OTC trading help reduce slippage, fit help stabilize market during volatility.

From October 8, UK Financial Conduct Authority (FCA) go allow retail investors make trade crypto ETNs for regulated platforms. Since January 2021, FCA don ban retail access to exchange-traded notes and crypto derivatives because market dey too volatile and investors dem no too want am. Director David Geale talk say market don mature, so crypto ETNs — which na unsecured debt instruments wey dey track asset prices like Bitcoin — don become more common and easier to understand. Retail traders fit now get exposure to digital assets through normal brokers without owning cryptocurrencies directly. But crypto derivatives like futures and options still dey banned for retail investors, and FCA go continue dey monitor this restriction. Dis move align UK rules with international trends while protecting investors from high leverage and volatility.

Justin Sun dey go space again wit Blue Origin New Shepard launch tonight for 8:34 PM. De event go stream live for Blue Origin website. Justin Sun bin win de first crew seat for 2021 wit $28 million bid and e donate all di money to Club for the Future to support youth STEM education worldwide. Dis milestone show how crypto leadership dey join space tourism charity work. Traders fit expect say price go remain neutral short term, but di launch fit boost long term brand image for Sun ventures.

US crypto ETF dem get record inflows of $12.8 billion for July, averaging $600 million every day. Dem crypto ETF pass all other ETF categories, including Vanguard’s S&P 500 fund (VOO). Bitcoin an Ethereum spot ETF join hand equally for the rise. Bitcoin ETF reach $146.5 billion assets under management (AUM), BlackRock’s IBIT ($84 billion) an Fidelity’s FBTC ($23 billion) lead. Ethereum spot ETF gather $20.1 billion AUM, BlackRock’s ETHA ($10.7 billion) lead dem. IBIT attract 75% of BlackRock first-time clients, wit 27% still dey buy other iShares ETF dem. IBIT launch for January 2024 an e dey offer direct 1:1 Bitcoin holdings. ETF demand don push Bitcoin price up almost 300% since BlackRock apply; Bitcoin dey trade near $113,800 now. Even though total crypto market cap drop 5% inside 24 hours—because of losses for BTC, ETH, an SOL—record ETF inflows show say demand strong for regulated crypto exposure. Dis trend fit mean say better future dey, e go boost institution adoption an market liquidity.

Ripple Labs don move 700 million XRP (like $2.08 billion) go put for escrow inside three transactions (100M, 500M, 100M) on August 2. Before this, dem transfer 200M and 300M XRP from unknown wallets. The monthly XRP escrow system wey dey since 2017, normally dey release 1 billion tokens on the 1st and then lock back about 80% to prevent oversupply. This month operation delay one day. XRP price drop over 10%, e fall from $3.32 to as low as $2.94 after US Federal Reserve hold interest rates steady, e trigger big crypto sell-off. Later, the token recover reach about $2.98. Despite the slump, XRP’s active escrow management show say supply dey under control. Analysts like Javon Marks dey predict say e go bounce back to $4.80, while Bloomberg’s Eric Balchunas talk say get 85% chance make XRP ETF get approval this fall.

Coinglass data dey show say BTC liquidation intensity dey peak for two important levels for big centralized exchanges dem. If e break pass the updated $118,996 resistance, e fit trigger about $3.126 billion short liquidations, wey go carry sharp short squeeze plus plenty volatility. But if e fall below the adjusted $108,232 support, e fit force like $2.432 billion long liquidations, wey fit cause bearish sell-offs quick quick. Before thresholds—$119,203 for shorts plus $108,322 for longs—dem see $3.35 billion and $2.346 billion liquidated, show say market dey continue dey swing. Traders suppose dey watch these support and resistance levels well, use stop-loss orders, and adjust risk management strategies to handle fast price wahala wey dem forced position closures dey cause.

On August 1, spot Bitcoin ETF outflows don reach $812.27 million, di biggest single-day withdrawal for five months. Big funds wey Fidelity’s FBTC ($331.42M) and ARK Invest’s ARKB ($327.93M) dey lead, na dem get most of the redemptions. Grayscale’s GBTC record $66.79M outflows, plus small ETFs—from Bitwise’s BITB and Grayscale Mini BTC to Franklin Templeton’s EZBC, Invesco’s BTCO and BlackRock’s IBIT—dem suffer withdrawals too. Analysts talk say di big outflow from Bitcoin ETF na because of profit-taking, institutional portfolio rebalancing, and macroeconomic wahala like interest rate uncertainty. This kind big outflow fit make market gbege increase and add pressure to sell, maybe cause short-term price drop. Traders suppose dey think long-term, spread their holdings well, and use dollar-cost averaging to survive di market wahala. Even though short-term pressure dey, ongoing regulatory clarity and more institutions dey adopt Bitcoin ETFs which support better long-term outlook.

SEC Commissioner Hester Peirce go lead one 10-city crypto engagement tour from August go December 2024. Dis tour dey target young startups wey dem never dey more than two years and get less than ten workers. Dem go do roundtable discussions about regulation, custody solutions, tokenization standards and DeFi risks. The SEC crypto tour wan hear from developers and investors to sabi how dem fit do future digital asset laws. Past events get gist from a16z Crypto, BlackRock and other big companies. This initiative follow after dem relax regulatory matters, like how dem look Coinbase, Uniswap and Kraken easy, plus guidance from Fed and OCC wey dey supportive. Traders suppose dey watch for updates on custody rules, token listings and DeFi protocols because better guidance fit affect market stability and trading plans.

OpenAI raise money close wit $8.3 billion, drag by Dragoneer, Blackstone, TPG and T. Rowe Price, weh value di AI startup at $300 billion – pass dia target weh be $7.5 billion by plenty months head. Di new money don boost di total fund raise to $40.8 billion and set new standard for AI startup funding. Di yearly income (ARR) don jump from $10 billion for June to $13 billion now, because of di 5 million people weh dey pay for ChatGPT and 800 million active users every week – dat one be like revenue–user growth flywheel. Di strategic upgrades for model, tiered pricing and deep partnership wit Microsoft Azure dey support dis beta movement. But di GPU compute cost and customer get high expenses, plus di strong competition and regulation for AI sabi pressure margin. Di news get neutral effect for crypto market: direct effect on Worldcoin WLD token small, but di strong tech sector fit boost Web3 and AI tokens for medium term.

Crypto reshoring don dey get momentum as US regulatory clarity dey bring global digital asset firms back home. SEC Chair Paul Atkins and Treasury Secretary Scott Bessent don hail "golden age of crypto," dey urge companies to re-establish US operations under clearer rules. Bulgaria-based NEXO don resume US market access for April, while derivatives platform Deribit and OKX don relaunch after settlements and set up hubs for California. Domestic players dey expand too. Kraken move im global headquarters go Wyoming for June and MoonPay secure full licenses across all 50 states by April. Major mining hardware manufacturers—Bitmain, Canaan and MicroBT—plan to build ASIC production facilities for Texas or Florida by early 2026, dey leverage state incentives. For traders, dis shift dey boost crypto trading volumes, liquidity and dollar-denominated market depth. Tighter regulatory oversight and onshore mining distribution fit tighten hardware supply but e go underpin long-term stability. Overall, clearer US regulation dey support bullish market outlook.

Gate US don officially launch spot trading for U.S. customers, dem get over 3,800 crypto-to-crypto pairs and dey handle $6.8 billion daily volume. Dis na di first time wey di Seychelles-based exchange dey enter U.S. crypto market wit compliance-first approach, wey follow recent regulatory bills like di GENIUS Act and CLARITY Act. Gate US wan roll out fiat on- and off-ramps plus custodial wallets to boost liquidity and give smooth fiat on-ramp solutions. Di founder, Dr. Lin Han, talk say dis launch na compliance milestone wey dem design to make regulators and consumers happy. Even tho 95% Americans sabi cryptocurrency term, only 35% really understand am and just 14% don adopt digital assets, while 87% see am as risky. To tackle dis, Gate US go start educational programs and join hands wit U.S. financial institutions to push crypto adoption. Di spot trading expansion add one new platform for traders wey want different options, but market impact go depend on how consumers trust am and how U.S. regulatory frameworks change.

Coinbase Q2 money don fall by 26% quarter-on-quarter to $1.5 billion, e no meet wetin analyst dem expect. Transaction money drop 39% to $764 million as global crypto spot volumes slide 31% and US volumes fall 32%. Total trading volume drop sharply by 40% to $237 billion. Subscription and service money small small drop by 6% to $656 million, but stablecoin-related money rise 12% to $332 million. Operating expenses rise 15% to $1.5 billion, because of one $307 million data breach charge. Adjusted net income na $33 million, and adjusted EBITDA reach $512 million. Coinbase shares waka down 11% before market open due to this earnings miss. Looking forward, Coinbase dey expect Q3 subscription and service money between $665 million and $745 million. The company yan say regulatory wins under GENIUS and CLARITY Acts go help boost stablecoin use and market clarity. For product side, Base App beta for Ethereum Layer 2 don cross 700,000 users and e go become “everything app” with trading, social feeds, tokenized posts, USDC payments, mini-apps and AI features. Base Pay with 1% USDC cashback for Shopify merchants dey also inside pipeline. These results dey show how sensitive Coinbase Q2 money dey to crypto market activity.

Coinbase dey plan to launch US-based tokenized stocks for dia platform together wit on-chain prediction markets, derivatives and early-stage token sales. Product VP Max Branzburg call am “exchange for everything,” dis move na to unite real-world and crypto assets for one place. Regulatory breeze like SEC’s Project Crypto dey clear road for US rollout, with international expansion go follow in phases. Dis move to tokenized stocks go diversify Coinbase offerings, put dem in direct competition wit Robinhood, eToro and Kraken. For Q2 earnings, Coinbase add 2,509 BTC to dia reserves but dem no meet revenue forecast, cause 9% drop for share price. CEO Brian Armstrong confirm him long-term Bitcoin (BTC) strategy as dis new services dey try boost trading volume and user engagement.

Chainlink State Pricing na one new onchain oracle method wey dey find continuous midmarket prices for DEX-traded assets directly from token reserves inside high liquidity pools. This solution fit stop flashloan attacks and price manipulation. Di first assets wey e dey support include wstETH, GHO and cbBTC. Developers fit access Chainlink State Pricing on mainnet through Data Feeds (push) and Data Streams (pull). Big DeFi platforms like Aave, Curve, Lido and GMX don integrate the service. Chainlink State Pricing dey complement VWAP and liquidity-weighted bid/ask models, e dey improve pricing accuracy and e strengthen market stability for DeFi.

Tether report say sayun-quata second profit reach $4.9B, na increase 277% year-to-year because of strong USDT demand and Treasury bond yields. This one lift H1 revenue to $5.7B, up 9.6%, with assets reach $162.6B against $157.1B liability. USDT issuance grow by $13.4B in Q2, push market cap reach $164.5B, or 61.7% of stablecoin market, while USDC get about $64B. Tether’s U.S. Treasury bond holdings climb to $127B, make am the world 18th-largest holder, and Bitcoin reserves near $9B. U.S. GENIUS Act dey try make digital dollar strong as competition hot—Circle’s USDC IPO and new euro stablecoins for Ethereum from Deutsche Bank, Galaxy and Flow Traders. Tether strong balance sheet and profit growth open way for new institutional dollar stablecoin and confirm their leadership for crypto and traditional finance.

OpenAI don secure $8.3B funding for one oversubscribed round wey value dem at $300B. Dragoneer lead am with $2.8B, plus support from Blackstone, TPG, T. Rowe Price, Fidelity, Sequoia, Andreessen Horowitz, Coatue, Thrive, Tiger Global and D1 Capital. ChatGPT yearly revenue reach $12-13B with 700 million weekly active users, while paid enterprise users grow from 3M to 5M and monthly revenue double to $1B. Projection dey exceed $20B by end of 2025. The money go help fund AI research, model upgrade, plus expand enterprise AI services for healthcare, finance and industry. Strategic partnerships with Microsoft, Blackstone and TPG go strengthen on-chain analytics and AI-driven market forecasting. For crypto traders, OpenAI funding show say demand dey grow for AI-powered trading tools and blockchain analytics. Even though crypto prices fit stay stable short term, projects wey combine AI and blockchain get better long-term momentum.