Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

REX Shares and Tuttle Capital don launch T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) for Cboe, na be di first 2× leveraged ETF wey dey follow Galaxy Digital Holdings stock. Dis leveraged ETF dey try deliver twice di daily performance of Galaxy Digital shares through daily rebalancing system. E design for active traders wey dey find heavy exposure to digital asset sector. GLXU dey expand REX’s T-REX lineup wey don get 2× and inverse leveraged ETFs on Bitcoin (BTC) and Ethereum (ETH), plus 2× leveraged and inverse MicroStrategy (MSTR) ETFs. You fit get am with normal brokerage accounts without holding crypto directly. Dis high-risk, high-reward leveraged ETF na accurate tool for short-term bullish plays on one main crypto finance platform.

RWA tokenization don stuck for $25B market cap, even as weekly ETF inflows dey pass $25B and e surge by 260% for first half of 2025. JPMorgan talk say traditional banks and asset managers still dey sidelines, leaving crypto native companies and VCs to drive dis small market. Demand for tokenized U.S. Treasuries and private credit dey increase, as institutions like JPMorgan (Project Guardian), Kinexys and Goldman Sachs dey check platforms. RWA tokenization dey give predictable yields and 24/7 trading, wey attract conservative investors. But ETFs still dey dominate cos dem get better liquidity, regulation, and market depth. South Korea FIU start 50M-won AML review for stablecoin transfers make e align with global standards by end of 2025. Traders suppose watch institutional feelings and stablecoin rules as dem fit affect liquidity and risk for tokenized assets.

Ukraine parliament go do first reading for Ukraine crypto bill for late August 2025, dem wan fill di law gaps for crypto regulation and make di rules follow EU standards. Di proposed law go introduce 10% crypto tax—5% income tax plus 5% military levy—to make legal crypto wey dem get before, based on December 2024 security-type trade tax law and April 2025 regulator back rates up to 23%. Di draft still allow National Bank to add Bitcoin reserves; Ukraine don get 46,351 BTC, dem be fourth for government holders. If Ukraine crypto bill pass, traders fit expect clearer crypto regulation, better investor confidence, and maybe Bitcoin demand go increase for Europe.

For one big big milestone, Aave don pass $60 billion net deposits for 14 networks dem, na three times the amount from last year. Some hours later, one cunning Aave phishing attack show face through Google Ads. Scammers dey show fake ads wey lead people go sites wey be like original (like aaxe.co.com), dem dey make people connect their wallets. This Aave phishing attack come use bad transaction signatures take clear all funds, no way to bring am back. Even though no loss don happen yet, this Google Ads scam show how security problem for DeFi dey increase. Last year, crypto users lose over $4.6 billion to different scams, AI-driven phishing dey grow too. AAVE price jump nearly 6% reach $271 after the news. Traders suppose check if ads be true, look URLs well for any mistakes, use tools like Revoke.cash to cancel approvals, and keep their wallet security tight.

XRP waka surge over 13% come reach $3.36 and settle near $3.32 on August 7 after Ripple Labs and the U.S. Securities and Exchange Commission (SEC) drop all appeals for their four-year legal waka. The judgement uphold Judge Analisa Torres 2023 decision say sales of XRP for public exchanges no be securities, but institutional sales still dey regulated after Ripple pay $125 million fine. 24-hour trading volume rise by 189% to $11.8 billion, push XRP market cap to $198 billion, show say investors don get fresh confidence. The case closure put $20 billion fresh capital for market. Traders see the dismissal as major regulatory milestone wey bring ongoing clarity and set precedent for future SEC enforcement for U.S. Technical analysis dey point to possible run up to $5. Overall, the news dey expected to be bullish for XRP, boost short-term momentum and support long-term adoption.

Paxos don agree to pay $48.5 million settlement to New York Department of Financial Services (NYDFS) because dem no manage BUSD well well, di stablecoin wey dem produce with Binance. Di deal include $26.5 million fine plus $22 million wey dem go put for Paxos AML compliance program. NYDFS check find say from 2017 reach 2022, geofencing no too strong, sanctions no dey tight plus KYC no proper, make about $1.6 billion illegal transaction pass through BUSD. Paxos no flag suspicious activities or raise alarm and dem no get clear way to handle law enforcement request. Paxos stop to issue BUSD early 2023 after NYDFS talk. Dem dey licensed as limited-purpose trust company since 2015 and don change name to company wey dey focus on compliance blockchain infrastructure. Paxos talk say all the old AML wahala don clear, and dem dey still issue other regulated stablecoins like Pax Dollar (USDP) and PayPal USD (PYUSD). Traders suppose know say this settlement fit make compliance better but no go affect current stablecoin markets.

Block Inc don add their Bitcoin stash for Q2 2025 by dey buy 108 BTC weh cost dem $11 million. Together with 207 BTC wey dem get for Q1, their total Bitcoin waka reach 8,692 BTC wey worth about $1.15 billion. Di company report say dem get $212.2 million profit from revaluating Bitcoin, after wey dem suffer loss of $70.1 million last year. Block come drop their Q2 revenue number for $6.05 billion and gross profit for $2.54 billion, wey rise by 1.5% and 9% quarter-by-quarter. Cash App help move $2.14 billion Bitcoin sales, make $66 million gross profit even though di margin tight. CEO Jack Dorsey come show Bitchat, a decentralized messaging app wey dem dey test, wey show say Block dey push their bigger Web3 and digital asset plans. Block don increase their full-year profit forecast and join other companies wey dey use corporate Bitcoin strategy.

OpenAI don launch GPT-5 and GPT-5 Pro. Both get AI-driven real-time routing system wey dey automatically select the best submodel for task. GPT-5 get up to 80% less factual errors pass GPT-4o. E sabi do multimodal AI wella, fit handle images, videos, spatial data and graphs. The Pro version fit run longer computations and e dey preferred for 68% expert evaluations. New safety protocols plus plenty testing make sure say outputs dey more reliable. GPT-5 don open for Plus, Pro, Team, and Free users, Enterprise and Education go soon join. Crypto traders fit use GPT-5 better AI power for faster market analysis and better trading strategies.

GMXSOL don launch dia first real-world-asset (RWA) perpetual S&P 500 ETF contract (SPY/USD) for the Solana blockchain. Dis perpetual S&P 500 ETF contract begin to dey work from August 8, 2025, e dey use Chainlink Data Streams for real-time SPY price. Dis move na to meet the growing demand for tokenized real-world assets. The global RWA sector dey expected to reach $30 trillion by 2030, and on-chain tokenized assets climb to $25.4 billion, up 17% last month. With Chainlink feeds inside, GMXSOL fit give correct, low-latency prices. The platform use Solana’s fast throughput and cheap fees to give smooth trade experience. Traders fit now get leveraged SPY/USD positions without to rely on centralized middle men. Dis perpetual S&P 500 ETF contract fit bring new money enter DeFi and change how capital dey flow between traditional and decentralized markets. The launch fit well with US regulatory moves like the GENIUS Act and SEC’s Project Crypto wey dey try bring traditional markets on-chain.

Onchain analytics firm Glassnode talk say 70% of Bitcoin short-term holders dey make profit right now, showing say market dey stable despite recent price small drop. The profit-taking measure among these holders don cool down to 45%, meaning sell pressure dey neutral. For August 5, Bitcoin ETFs record net outflow of 1,500 BTC—the biggest since April 2025—but past trends show say this kain ETF outflow usually short. Glassnode flag $116,900 as important resistance level: if e clear pass this, e fit mean fresh bullish momentum, but if e no clear, e fit risk deeper correction to $110,000. With Bitcoin dey trade near $116,800 and up over 2% in 24 hours, traders suppose dey watch how Bitcoin short-term holders dey behave, ETF flow trends and $116,900 resistance to judge market direction for short and long term.

Ukraine taka crypto regulation go enter new phase as National Bank of Ukraine (NBU) don legalize and regulate virtual assets under EU MiCA and FATF standards. Governor Andriy Pyshnyy talk say crypto assets fit owned and trade but e no fit serve as legal tender. Ban on crypto payments aim to preserve monetary sovereignty and maintain wartime capital controls. Meanwhile, NBU dey pilot im CBDC, the e-hryvnia, in collaboration with ECB, Bundesbank and Bank of Singapore. Lawmakers dey propose say make dem include Bitcoin (BTC) for national reserves and make OTC market clear. Traders suppose dey watch for more trading volumes wey go come from clearer Ukraine crypto regulation, but payment restrictions fit limit wider adoption.

Streamex Exchange Corporation don launch one Nasdaq-listed gold tokenization platform to bring physical bullion enter digital economy. Di gold tokenization solution dey offer regulated, programmable, liquid and borderless store of value wey backed by audited, vault-held gold. Di platform launch follow Streamex strategic merger wit BioSig Technologies plus dem acquire one FINRA and SEC-registered broker-dealer, wey guarantee say all regulatory compliance dey for issuance, trading and custody. Di real-world asset tokenization service dey operate under U.S. oversight, target institutional investors wey dey find stable digital instruments during inflation and currency wahala. CEO Henry McPhee and Executive Chairman Morgan Lekstrom dey use their deep financial and mining knowledge to secure strong gold sourcing and smooth DeFi integration.

Binance and Mastercard don launch instant euro crypto withdrawals for EEA and UK, e powered by Mastercard Move. Dem put am inside Binance Buy & Sell Crypto interface, the instant euro crypto withdrawals allow users to turn cryptocurrency or existing euro balances to spendable money for linked Mastercard debit or credit card with quick-settlement. Users fit choose “Sell to Card” to convert digital assets directly or “Withdraw to Card” for existing euro balances. The service dey only support euro transactions now, dem get plan to add more fiat currencies. If bank transfer fail, users go get compensation in USDC to try withdrawals again or choose bank transfer. Binance Thomas Gregory and Mastercard Scott Abrahams talk say this crypto off-ramp dey reduce the gap between digital assets and daily payments, e get strong security and compliance to follow Europe rules.

President Donald Trump executive order wey dem call “Fair Banking for All Americans” don block banks from stopping crypto business or deny service just because of reputation wahala. E don officially end that Biden time policy Operation Chokepoint 2.0. Banks no go fit de-risk or close account without good reason. White House go check past complaint dem and supervisory record dem to find crypto debanking wey get connection to protected belief dem, and dem fit offer solution for those company dem wey suffer. Industry people happy for this order, say e go protect dem from unjust wahala. The order wan make banking partnership easy, increase liquidity and expand USD on-ramps. Traders suppose dey watch if banks dey follow the rule and how new service dem dey waka, to fit see market sign dem.

XRP futures volume don burst pass 200% inside past 24 hours reach $12.4 billion, pass Solana wey get $9.6 billion after dem dismiss Ripple legal appeal with SEC. Open interest naik 15% reach $5 billion, plus positive 0.01% funding rate show say long people dey bias. Cost-basis heatmap show say strong support dey for $2.80–$2.82, wey over 1.7 billion XRP dey hold. Technically, XRP break pass bull flag pattern with confirm volume, dey show say target na $4.50 by September or October. People dey expect Fed rate cut this fall fit make risk assets like XRP move even higher. With XRP futures volume climbing and chart signals dey bullish, traders need watch as overleveraged longs fit make liquidation risk high and make sure say dem defend $2.80 support zone.

China financial people don ban to promote stablecoin, do research or run seminar as new stablecoin regulation to stop fraud and speculative trading. Banks suppose dey flag high-risk crypto trade wey connect with cross-border gambling and underground banking. Meanwhile, Hong Kong don start six-month framework to issue stablecoin, with Standard Chartered, Animoca Brands, JD.com, and Ant Group Singapore wey don register to sabi plan HKD stablecoins. Offshore yuan stablecoins dey come too: Conflux yuan-backed token (CFX) and AnchorX AxCNH don get approval for Belt and Road markets. This approach mean say China get two strategy for stablecoin regulation: strict control for inside country plus proactive offshore issuance to increase their digital asset power.

On August 8, di original Dogwifhat Hat—di knitted beanie wey inspire di WIF meme coin—sell for 6.8 BTC (≈$793,000) for Ordcity Bitcoin Ordinals platform. Dis big Dogwifhat Hat sale show say demand dey grow for crypto collectibles and story-driven assets. After inscription for Bitcoin Ordinals, di WIF token jump 5.7% inside 24 hours, e dey trade near $0.96 as volume rise 74%. With market cap of $296 million, WIF still dey 80% below im $4.83 high. BagsApp founder Finn wey win di auction hint say dem get plans for more Dogwifhat projects. Dis milestone fit boost meme coin liquidity and make traders focus more on digital and physical collectible markets.

Ethereum price don surge pass $3,900 for OKX, e reach $3,904 and mark intraday gain of like 1.65–1.75%. The Ethereum price rally na come from fresh buying pressure as trading volume increase. ETH hold support near $3,800 for recent sessions and now dey test key resistance around $4,000. Strong market wahala and high liquidity dey show say e fit still go higher. Traders dey eye both spot and futures market for more buying chance. This bullish momentum for crypto market fit affect short-term trading strategies.

Binance don strengthen dia crypto custody business by join hand with Spain own BBVA to hold customer assets as US Treasuries for one off-exchange custody service wey dey separate from their trading work and fit use as margin. Dis kain crypto custody arrangement na follow their third-party deals with Sygnum and FlowBank before and e come because regulator pressure don dey increase after FTX collapse and the $4.3 billion AML penalty wey Binance suffer. Binance also just start near-real-time crypto-to-fiat withdrawals go Mastercard for European users. By involving one correct bank, Binance wan make asset protection, regulatory compliance and institutional confidence for crypto market strong.

Crypto passive income na epp for investors to earn returns without dey do active trading. By using diversified crypto index funds and ETFs, you fit automate how you manage portfolio and spread risk across top digital assets. Centralized index funds dey track basket of leading tokens and dem dey rebalance periodically. Decentralized on-chain indexes, wey DAOs like Index Coop dey govern, combine staking rewards and DeFi yields. Crypto ETFs dey trade for regulated exchanges, dem dey offer exposure to Bitcoin (BTC) and Ethereum (ETH) through spot or futures contracts. Common income sources na asset appreciation, staking rewards, DeFi yields and covered-call premiums. Top index funds for 2025 include Bitwise 10 (BITW), DeFi Pulse Index (DPI) and Metaverse Index (MVI), plus Nasdaq Crypto Index (NCI). Top ETFs like ProShares Bitcoin Strategy ETF (BITO), Purpose Bitcoin Yield ETF (BTCY) and Harvest Bitcoin & Ethereum Enhanced Income ETF (HBEE) dey provide futures exposure or premium-generating strategies. Investors fit access these through brokerages, major exchanges like Coinbase and Binance, or Web3 wallets like MetaMask. But crypto passive income get risks: market volatility, smart contract vulnerabilities, management fees and tracking errors. Tax treatment for staking and DeFi rewards different from place to place. By choosing correct funds and ETFs, traders fit reduce emotional decisions, diversify holdings and keep long-term market exposure.

Standard Chartered and Animoca Brands don join form Anchorpoint Financial, one joint venture to issue licensed HKD stablecoin under Hong Kong new rules dem set. The venture enter HKMA stablecoin sandbox for July, dem apply for official issuer license for August 1. HKMA CEO Eddie Yue expect say about 40 companies go apply, but less than 10 go fit get approval. As licensed HKD stablecoins show face, dem go give better liquidity, new trading pairs, and more blockchain use. Traders suppose dey watch how dem dey process license, possible stablecoin launch, and institution dem involvement as Hong Kong stablecoin law plus US GENIUS Act dey run.

Quid Miner na registered for UK, na mobile cloud mining platform, dey allow users for over 180 countries to dey mine Bitcoin (BTC), Ethereum (ETH) and XRP directly from smartphones. The mobile cloud mining service dey run AI-optimized hashing algorithms for renewable energy-powered UK data centers, wey dey make sure say mining dey energy-efficient. New users go get $15 free trial wey dey yield $0.60 per day, while paid contracts dey from $100 two-day Bitcoin Intro Plan ($4/day) to $600 six-day XRP Growth Plan ($7.20/day), plus high-yield options reach $50,000 for 45 days. Quid Miner mobile-first design dey lower technical barriers with easy iOS/Android app, real-time earnings dashboards and smooth multi-coin conversion (including DOGE). Them dey operate under UK regulatory oversight, give loyalty perks and up to 4.5% referral bonuses. This service allow crypto traders to diversify passive income sources as ETH dey near $4,000 and institutional XRP adoption dey grow.

Pump.fun don launch Glass Full Foundation (GFF) to put targeted liquidity inside some Solana memecoins wey dem select. Dis new plan wan make market deeper for projects wey get loyal community. Money don dey move already, but dem never talk where the money dey come from or how dem dey choose. Dis thing come as Pump.fun dey face big fall for money wey dem dey make. On-chain data show say daily money drop from $7 million during January memecoin boom to about $200,000 now. The foundation wan make market stable and make traders trust again. The competitor launchpad LetsBonk.fun, wey Bonk community dey support, don already get market share for token release. Traders suppose dey watch the planned liquidity injections for the chance to support price and make Solana memecoins trade more.

Gate exchange don become di first to fully join WLFI’s USD1 stablecoin, dem launch one strong loyalty program wey dey reward users for USD1 spot trading, conversions, staking, limit orders and Launchpad participation. Points wey dem dey earn fit use take reduce trading fees, collect tokens for free and enjoy special platform benefits. As di second biggest USD1 stablecoin holder for di world wit license for North America, Asia and Middle East, Gate dey make sure say everything comply and secure. Big platforms like KuCoin go join di USD1 ecosystem, wey show say dem dey move from stablecoins wey be value anchor to service-driven assets wey dey focus on user incentive. Dis loyalty program fit set new standard for di industry, boost USD1 stablecoin liquidity, trading volume and user engagement.

PreStocksFi don drop tokenized pre-IPO stocks for Jupiter, Solana top DEX aggregator. Dis new tokenized pre-IPO stocks dey enable 24/7 trading of shares for SpaceX, OpenAI, Neuralink, Kraken, Discord, Epic Games, Anduril, xAI and Perplexity AI. The pre-IPO tokenized stocks join hand with MeteoraAG, dem use decentralized liquidity market maker (DLMM) pools to minimize price wahala and make sure say no slippage happen for initial liquidity bootstrapping phase. E fit dey accessible through Jupiter web and mobile interfaces, dis launch dey democratize private equity, make DeFi traders fit waka enter high-profile pre-IPO shares easy. The integration na big step for real-world asset tokenization and e dey open market to more people, not only big institutions.

Ethereum co-founder Vitalik Buterin don change priority for Layer 2 scaling, e dey focus on make Layer 2 withdrawal take just 1 hour, no be to push for maximum decentralization. E talk say make person wait for week before withdrawal no good for user experience and e dey make cross-chain costs high because liquidity dey locked for intent-based bridges like ERC-7683. To solve dis one, Vitalik propose one 2-of-3 hybrid proof system wey combine ZK proofs, Optimistic Rollups, and Trusted Execution Environments (TEE). Dis method go make Layer 2 withdrawal fast inside one hour and make 12-second finality happen without waiting for full ZK maturity. Dis change from idealistic decentralization fight to correct performance goals go set ground for rollup-centric Ethereum wey Layer 1 go be settlement and liquidity hub. Success go depend on how dem fit reduce ZK proof gas costs wey now pass 500k gas, plus how dem fit put proofs together across rollups into per-slot submissions every 12 seconds. L2 projects wey dey focus on ZK optimization go gain more traction, but those wey dey rely only on Optimistic Rollups fit fall behind.