Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Core Scientific see say e Q2 Bitcoin mining money don drop 62% year-on-year go $62.4 million. Hosting money come down reach $5.6 million, and gross profit fall reach $5 million. The plan wey dem get to do all-stock merger with GPU cloud provider CoreWeave dey wait for shareholder approval and regulatory clearance. The deal na to join mining capacity and data centre operations make dem efficient. Increase for network difficulty, energy cost and BTC price wahala dey press Bitcoin mining profit margin for whole sector. Traders suppose dey watch the shareholder vote on the CoreWeave merger and any cost-cutting actions as Core Scientific dey find way to recover money and fit make mining profit better.

Plenti publicly traded companies, like Floral Growth Corp, Hyperscale Data Inc., Quantum BioPharma, and Worksport Ltd, don quietly add XRP to their corporate treasuries alongside other things like SOL and ETH. Dem moves wey show for recent SEC filings (Forms 6-K, 8-K, and 10-Q), reflect how XRP get enterprise-grade design, low transaction fees, and real-time settlement for XRP Ledger. The companies talk say regulatory clarity don improve after 2023 court ruling wey say secondary XRP sales no be securities. Quantum BioPharma yan say dem get 100,000 XRP wey dey with BitGo, while Hyperscale Data’s Ault Capital Group buy $10 million XRP and go dey report monthly asset updates. Although corporate XRP holdings still small compared to BTC and ETH, dis low-key trend mean say institutional confidence dey grow, fit boost demand, support XRP prices, and make market liquidity better.

Chainlink (LINK) don soar pass 32% dis week, comot from $15.43 on August 3 reach intraday peak of $21.46. As of now, LINK dey trade gidigba near $21.04, up 8.25% in 24 hours. The rally na because big whale dem activity, big transactions jump 863% to 60.76 million LINK (about $1.21 billion) for one day, IntoTheBlock talk. Meanwhile, Santiment talk say wallets wey hold 100,000–1 million LINK don increase by 4.2% since early August, dem carry their share of full LINK supply up by 0.67%. Traders dey eye main resistance levels at $26 and $30 now. To add to the bullish vibe, Chainlink launch their on-chain Chainlink Reserve for Ethereum. This smart contract don collect over $1 million in LINK tokens from off-chain money and on-chain fees, show say network dey grow strong and fit stand long time.

Bitcoin dominance don drop reach 45%, e mark say na two-week low as institutional investment and crypto ETF growth dey push market waka go altcoins. Dogecoin (DOGE) and XRP rally about 10% and 8% respectively, dem dey powered by growing ETF momentum and market structural changes. Although Bitcoin (BTC) price still stable because institutions dey buy, traders dey eye utility-focused altcoins, dem dey expect more volatility and liquidity for secondary tokens. To dey monitor Bitcoin dominance trends and altcoin performance fit help traders find entry points and manage risk as altcoin season fit show face.

Ethereum price jump 7.7% reach $4,205 after e break $4,238 resistance level, na show say na e top gain among major cryptocurrencies. Even though dem get small false breakout for hourly chart, the coin still dey above the $3,941 barrier for higher timeframes, e make the bullish momentum strong. Traders suppose dey watch $4,093 as key support; if e hold steady, e fit push am reach $4,400 short term and test $4,500 before month end. Analysts recommend say use Average True Range (ATR) measure volatility and momentum. This Ethereum price rally show say investors confidence don renew, fit attract both short-term momentum traders and long-term holders.

Di co-founders dem for Glassnode, Jan Happel an Yann Alleman don see say Ethereum dey gather strong, wit price dip for Fridays an Saturdays for di past 30 days wey be beta weekend buy chance. Dem talk say if Ethereum gathering fit make di $4,000 support level strong, e fit start beta rally. Dis kain talk get backing from Bitcoin network growth signs wey last blow for early April an before dat, ETH don gain 100%, dis show say BTC metrics fit predict how ETH price go move. Now, Ethereum dey trade near $3,955 (+3.2% for 24h), di price action dey follow dis good signals well well. Traders suppose dey watch di $4,000 support test well an think about weekend gathering plan to fit ready if breakout go happen.

CrediX Finance face one $4.5 million DeFi exploit for August 4, as attackers take control of dia multisig admin and bridge wallets, mint tokens as collateral, and drain liquidity pools. The protocol pause deposits and announce negotiation wit di exploiter, promise reimbursements within 24–48 hours. But for August 5, CrediX Finance go dark after security firms CertiK and SlowMist flag say e fit be exit scam: dia website, X account and Telegram channel dem delete. Affected partners—dem like Euler (EUL), Sonic Labs, Beets (BEETS) and Trevee—de pursue legal action. Stability DAO trace stolen funds, access KYC data for two team members and dey prepare lawsuits. Trevee also disclose say dem get exposure of $1.6 million scUSD loan to Stability’s metaUSD. Law enforcement and cybercrime units don join body. Traders suppose dey monitor recovery efforts, exit-scam investigations and make thorough due diligence before dem invest for unaudited DeFi projects.

Crypto analyst Javon Marks don see one long-term falling wedge pattern for Cardano (ADA) chart wey start for early 2025. The breakout wey happen above the wedge don make the market dey bullish, carry ADA go like $0.80 as e rise 8% inside 24 hours and over 10% for the week. Marks dey predict say ADA go rally 52% to reach $1.20 for this Cardano price prediction. If the breakout for sure, e fit trigger bigger bull cycle, fit push ADA go $2.90 – which be 261% gain. Di main resistance wey traders suppose watch na $0.99, $1.10 and $1.20. Critical support dey between $0.61 and $0.68, plus zones for $0.64 and $0.70 wey dey determine near-term momentum. Trading volume near $1.71 billion show say interest don rise again. Even though daily volume drop 31%, ADA don climb almost 30% for the past month. Community sentiment rank second among major cryptocurrencies, show say confidence dey strong. Traders suppose monitor steady volume increase and confirmed wedge breakout above resistance to validate Cardano price prediction and enjoy possible short- and long-term gain.

Fed governor Chris Waller don be di main candidate to succeed Jerome Powell as Fed Chair, with Polymarket odds of about 45%. For di last FOMC meeting, e hold different side, vote for immediate 25bps rate cut, show say political momentum for easing don get stronger because former President Trump talk strong against high rates. Waller get PhD for monetary theory, na im build di FRED database for St. Louis Fed. E see most cryptocurrencies na speculative “trading cards” but e support regulated stablecoins for payment efficiency and global dollar expansion, e dey urge Congress make dem pass law for stablecoin reserves and make sure no run happen. Waller also sabi DeFi benefits like 24/7 settlement and smart-contract automation. If e confirm, new Fed Chair fit quicken rate cuts once inflation cool down, boost liquidity and risk assets. Im pro-stablecoin stance and clearer crypto regulation fit reduce policy uncertainty and support good crypto market outlook. Currently, crypto market capitalization na $3.87 trillion with daily volume of $174.14 billion; traders suppose dey watch tokens wey ready for compliant tokenization.

ICBA don put seven-page objection for Ripple bank application dem give OCC, dem warn say if dem approve Ripple bank charter, e go allow Ripple National Trust Bank use im RLUSD stablecoin through XRP Ledger to imitate deposit services and waka pass Federal Reserve oversight. ICBA talk say Treasury report say up to $6.6 trillion fit shift enter stablecoins and dem mention past AML and securities compliance wahala. Dem dey ask for formal rulemaking to make regulation for stablecoin stricter inside trust banks. Dis dispute dey show bigger tension for crypto and traditional banking join body and fit become example for future fintech bank charter applications.

El Salvador dey plan to launch Bitcoin banks through im National Bitcoin Office, wey aim to join digital assets with traditional finance. Dem Bitcoin banks go dey operate alongside the existing services, go support BTC and USD transactions, require at least $50 million capital, and e go allow foreign shareholders. Based on the 2021 law wey put Bitcoin as legal tender plus the Chivo Wallet platform, the reform still dey relax rules for private banks wey dey handle digital assets. El Salvador get more than 6,250 BTC (wey value over $730 million) and dem dey pause new buys under IMF agreement. The country wan attract foreign crypto investment, expand financial inclusion, and strengthen im national Bitcoin reserves. Analysts talk say e get risk like volatility and regulatory issues, but dem dey see the move as possible model for crypto banking for emerging markets.

XRP MVRV ratio don flash rare golden cross, na bullish signal wey usually dey come before rally of 630% and 54%. This technikal breakout follow as Ripple and SEC join hand drop appeal for their five-year lawsuit, e boost market confidence. XRP dey trade near $3.32, up 12% for the last week. For derivatives side, 24-hour futures volume jump 208% reach $12.4 billion—pass Solana (SOL)—while open interest rise 15% to $5.9 billion. If this bullish momentum continue, traders fit test resistance at $3.66 and target $5.11 for 54% gain or even $24 for 630% rally. Key support levels dey at $3.00, $2.96 and the 50-day simple moving average of $2.76. Positive funding rates show say short positions dey at higher liquidation risk for short term. These things position XRP for possible bullish run, make price targets and technical levels dey very important for traders.

VivoPower International PLC dey plan invest $100 million for Ripple make dem fit boost their XRP exposure and shareholder value. If Ripple approve, VivoPower go buy Ripple shares direct from current stakeholders and still dey buy XRP tokens. This Ripple investment strategy combine equity and token holdings, making VivoPower the first US public company wey diversify their digital asset treasury with both Ripple equity and XRP. BitGo go provide custody services, while Nasdaq Private Market dey handle share transactions. Independent auditor go dey check holdings every quarter. Based on Ripple escrowed XRP, VivoPower estimate say implied acquisition cost be $0.47 per XRP—dis count na 86% below market price. Management forecast say every $10 million wey dem invest for Ripple shares fit add $5.15 per VivoPower share, but market fit vary. The announcement make VivoPower shares jump 32.12%, plus another 4.51% gain for after-hours trading. This move show say corporate interest dey grow for diversified digital asset treasuries. Meanwhile, South Korean custodian BDACS don launch regulated XRP custody services through Ripple Custody.

Solana (SOL) dey gain institutional traction afta Bit Mining grab am for $4.9M plus im own validator node launch, e dey trade near $175. Analysts dey see say SOL fit climb to $190–220 and even $250–$300 as derivatives open interest don top $11.8 billion, daily volume pass $4.6 billion, and on-chain activity pass 65 million transactions as validator dem dey increase plus low fees. Cardano (ADA) don rally 58% from June low, break $0.75–0.84 resistance with golden cross and break from descending channel, push technical targets go $1.65, powered by Plomin hard fork and rising ETF gbege. Meanwhile, Remittix (RTX) don raise $18.3 million, get 50 K holders, dey offer cross-border crypto-to-fiat transfer for 30+ countries including Ethereum, Solana plus more, backed by API-ready enterprise tools, deflationary burn model and CertiK certification. With plan to beta launch wallet for Q3 2025 plus $250 K community giveaway, Remittix dey position as high-utility PayFi token for traders wey dey find long-term growth as SOL and ADA dey trend up.

Ethereum transaction volume don hit new hight on August 5, 2025 wey daily transaction land for 1.74 million. July moni transfer dem climb reach 46.67 million, plus active address dem rise to 683,520, near the 2021 peak. The yawa dey caused by beta DeFi use, stablecoin transfer especially Ethena USDe, plus advance yield strategies wey dem prepare before dem go cut rate. Protocol upgradings like EIP-4844 and Dencun update don improve how the system fit handle more, plus reduce fees. On-chain activity cross $238 billion for July. Institutional interest, better US regulation plus company treasury adoption wey push ETH holdings over $7.5 billion don give better confidence even though price increase no keep up with volume. Since April, ETH price don rise 163% to reach around $4,000. Proposed Ethereum staking ETFs plus partnership wey involve Aave push USDe market cap to $9 billion, expected to keep growth steady. Traders suppose dey watch Ethereum transaction volume, active address, coming network upgrades plus regulatory changes for short-term chances plus long-term investment moves.

Cardano (ADA) don gain 4.88% inside di last 24 hours, trading volume rise 74% as BTC dey hard to clear $117.5K resistance. ADA try di 61.8% Fibonacci retracement for $0.673 before e take back June high of $0.73 as support. On-chain metrics like Chaikin Money Flow (CMF) +0.06 and MACD wey dey above zero show say buying pressure and bullish momentum still dey. Targets wey base on Fibonacci extensions and late-2024 resistance dey $1.03 and $1.20. For di 2-hour chart, ADA don flip $0.78 resistance to support, wey Money Flow Index (MFI) and CMF back up. Traders suppose dey watch $0.755 support level for possible entries. If ADA fit keep this level, e get chance say e go rise go $1.03 and $1.20. Market people go dey watch wetin BTC go do next to sabi if dis rally fit last.

Lido tok say August 4 sey dem go cut 15% of dia workforce make dem fit control cost dem and make sure say dia fit last long. Dis kind job cut come as institutional ETH staking dey grow fast. Data from July 21 show sey more ETH dey wait for unstaking pass new stakes, wit peak gap of 500,000 ETH, while strategic reserves like BitMine and SharpLink don gather like 1.35 million ETH. Institutions dey prefer centralized staking services like Anchorage, Coinbase Custody and offline ETF staking to get clear compliance, liability and insurance cover. On July 30, SEC talk sey some liquid staking derivatives no be securities, dis carry road open for spot ETH staking ETFs like BlackRock and others. For short term, LSD tokens like PRL and SWELL jump pass 18%. For longer time, low fee and professionally managed staking ETFs fit challenge decentralized platforms like Lido. Traders suppose dey watch ETH staking yields, LSD token spreads and ETF launch time dem.

One ETH short squeeze wipe out $105M as Ether surge pass $4,000. Short liquidations make 53% of total crypto short liquidations, with $199.6M canceled across markets. Within 24 hours, combined ETH long and short liquidations hit $129.2M. ETH peak reach $4,060 before settle near $4,015. Traders dey eye breakout above $4,100 resistance level. One strong move fit trigger another ETH short squeeze go $4,400–$4,500. Spot Ethereum ETF inflows reach $537M over four days, support the rally, and show say institutional demand dey rise. For X, Eric Trump talk say ETH shorts dem “smoked.” Analyst Ash Crypto flag $4.1K as critical point, while trader Moustache talk about bullish wedge pattern. Fundstrat’s Tom Lee compare this rally to Bitcoin 2017 run and set target of $16,000. This event show strong bullish momentum and positive outlook for Ethereum market.

Coinbase DEX don dey available now as self-custody feature inside Coinbase app for Base network—na Ethereum Layer 2 chain wey Coinbase develop—wey dey allow U.S. users outside New York trade millions of on-chain tokens directly. The Coinbase DEX integration dey put DEX aggregators to make sure price execution correct, and Coinbase dey pay Base network fees so as to make low-cost swaps wey you fit fund from your existing Coinbase balance or USDC. The platform dey block malicious tokens wey third-party vendors flag, plus e dey use on-chain data to give clear risk insights. For next weeks, Coinbase go batch-index new assets on Base so trades go near instant, plus e get plan to extend DEX support to Solana, dey challenge standalone wallets with unified swaps, fiat on-ramps and fee sponsorship. Dem also planning global rollout beyond U.S., which be big step towards smooth multi-chain DeFi access for trusted platform.

LD Capital oga head Jack Yi don set Ethereum price target reach $5,000 afta ETH don clear $4,000 resistance. E talk say ETH/BTC ratio go rise reach 0.1, show Ethereum power pass Bitcoin. Yi dey advise traders make dem buy wen price drop and use dollar-cost averaging to beta enter trade during pullback. E also expect say interest rate go cut soon go trigger beta altcoin season and e put spotlight for tokens like ENA, AAVE, plus UNI wey fit give tenfold gains. Dis Ethereum price target show say dem get strong bullish mind and e give traders clear way to manage risk plus make correct money from di market.

BlackRock dem propose Solana ETF don start debate for market faireness. ETF analyst James Seyffart talk say if dem come late e fit spoil small ETF companies like VanEck, Bitwise, Grayscale and Fidelity wey prepare their SEC application months before. SEC don delay Solana ETF approval and dem ask for amendment, e make regulatory review last longer. If demand for standalone Solana ETF weak, BlackRock fit change to bigger crypto index product wey cover many assets. NovaDius president Nate Geraci talk say BlackRock dey watch competitors and fit join once market appetite clear. Since Bitcoin and Ethereum make about 90% of crypto market cap, traders see this as neutral development for Solana ETF prospects while e also show competition, regulatory delay dem and product strategy for crypto ETF sector wey dey grow.

Vitalik Buterin, di co-founder of Ethereum, don change im mind before as e dey endorse ETH treasuries for company reserves. For one recent Bankless talk, e talk say ETH treasuries dey "good and valuable" to diversify balance sheets and make financial arrangement flexible, but e warn say if dem over leverage, e fit cause wahala or ETH price fit drop scatter. This one different from wetin e talk for October 2024 when e criticize Bitcoin stacking, say e no follow crypto spirit. Buterin still talk say e important to set correct exposure limits and balance financial strategies to keep market stable and help Ethereum grow for long term.

Ex-Justice Minister for Montenegro, Andrej Milović don yan propose say make government issue €500 million five-year bonds to finance national digital stock of Bitcoin and Ethereum. Him plan be to set up public crypto treasury. Milović believe say the stock fit grow to $3–5 billion in five years. Him refer US example and look Bitcoin and Ethereum price go strong by 2030. The plan show Bitcoin role as store of value and “digital gold.” E also show Ethereum important for decentralized finance and smart contracts. Milović get credibility because e lead investigation into Terraform Labs founder, Do Kwon, after Terra-Luna collapse. Supporters talk say Bitcoin and Ethereum stock go diversify state assets, boost economy growth, attract blockchain talent, and show tech leadership. But market wahala, regulation wahala, and security risk still big problem. For success, dem need strong legal framework and full risk management. If dem approve am, Montenegro fit be first for government-backed crypto investment and strengthen trust for national crypto plans.

Swiss banks Sygnum and Amina don drop regulated custody, trading plus lending services for SUI coin make professional investors fit use am. Sygnum don allow clients to hold, trade and borrow against SUI under Swiss financial rules, meanwhile Amina talk say dem be first regulated bank for worldwide to back SUI native token. The announcements double daily trading volume reach 36.45 million SUI and boost the price by 4% to $3.82, traders defend important support near $3.73. Mysten Labs develop Sui network, e dey use 'objects' data model for fast and cheap transaction. The better access for institutions through Swiss banks show say confidence for SUI dey increase and e fit push both short-term momentum plus long term on-chain and enterprise adoption.

Block don confirm say dem go launch advanced 3nm Bitcoin mining chips for second half of 2025. Dis proprietary ASIC devices go help cut down energy use and boost processing power, make operations cheaper and make mining more open as high-end hardware go dey more available. Dis move show say Block dey enter the mining hardware market heavily and e align with Jack Dorsey vision for Bitcoin as open protocol wey fit do cross-border payments with low cost. These chips go join well with Block ecosystem including Cash App wey get 8 million Bitcoin users, plus the coming Square seller payments, dem mean say the company dey invest well well for Bitcoin infrastructure. Traders suposed to dey watch how Bitcoin mining economics change, how network fit become more decentralized, and also expect more on-chain activities when dem release the new hardware.

Stablecoin adoption for Yiwu still dey small even though on-chain flow dem estimate dey between $10 billion and $100 billion. Local exporters talk say lack of awareness, domestic regulatory wahala, plus no bank records for export tax refunds na di main wahala dem. Even though stablecoins dey give instant settlement, cheap fees, plus value stability, compliance palava for mainland rules dey block wider use. One compliant way na use Hong Kong entity under new Stablecoin Ordinance wey go start August 1. Key requirements na 100% reserve backing, redemption rights, KYC for big money transaction, plus AML/CFT monitoring. Exporters dey invoice through Hong Kong, convert stablecoins to fiat under Hong Kong regulation, then dem dey send money go mainland, this one dey reduce cost and boost efficiency.

Ethereum ETF dem dey flow well well from July reach August, e lift ETH from $2,400 go about $3,300 as strong spot inflows and corporate demand dey push am rally. Net flow inside Ethereum ETFs dey positive for all days except three since July 1, while asset managers like SharpLink dey still dey gather ETH no matter the price. Glassnode on-chain Net Unrealized Profit/Loss metric dey below the last bull-run highs, meaning e get room for more gain. Standard Chartered set $4,000 year-end price target, and BitMine Tom Lee talk sey Ethereum fit reach $16,000 by 2025. The wider altcoin market don break above $1.2 trillion resistance, showing sey traders dey more bullish as dem dey shift capital. Traders suppose dey watch Ethereum ETF inflows, on-chain metrics and the $4,000 resistance level well to make better entry and exit moves.

California federal judge Michael Fitzgerald don grant partial class-action status to EthereumMax investors, e make dem fit pursue state-level suits for New York, California, Florida, and New Jersey but e still block nationwide claim. Plaintiffs talk say EthereumMax promoters—like Kim Kardashian, Floyd Mayweather and Paul Pierce—pump and dump the EMAX token during their 2021 launch, dem make prices jump over 116,000% before e crash. The defendants include EMAX Holdings, co-founder Giovanni Perone and spokesperson Jona Rechnitz. This case come after e first dismissal for December 2022 and dem refile am for mid-2023. This go show say regulators dey watch well-well for celebrity crypto endorsements. Traders suppose sabi the risk wey dey inside celebrity-backed pump and dump schemes and make dem do proper check before them invest.

China regulators don tok broker dem an think tank make dem comot stablecoin seminar dem an research for late July an early August, say e get fraud risk. Dis action na start for stablecoin crackdown an protection for investors. E follow Beijing mixed tori dem about crypto policy, wit new stablecoin rules an Hong Kong put as digital asset hub. Even tho China ban cryptocurrency transaction inside di country, mainland OTC trading hit $75 billion for di first nine months of 2024, Chainalysis yarn. Government dem warn say no make person dey do illegal fund waka wit virtual currency an stablecoin for Beijing, Suzhou, an Zhejiang to stop people follow crowd. Some talk say China dey plan make Bitcoin reserve. Traders suppose dey look how law fit tight well well cause dis one fit change how market for di region go be.