Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Brazil Chamber of Deputies go hold public hearing for August 20 to discuss PL 4501/2024, dis bill wey propose make dem get sovereign Bitcoin reserve. E wan put 5% of di country foreign exchange reserves wey be $341 billion—about $17 billion—inside Bitcoin to diversify assets and protect against inflation. Legislator Eros Biondini start dis proposal for November 2024. E follow di trend wey countries dey adopt digital assets. Key people dem like Central Bank, Ministry of Finance, fintech companies and crypto supporters go discuss di money side, market stability and di regulation of Bitcoin reserve. People wey support am, including Vice President Alckmin’s chief of staff Pedro Giocondo Guerra, praise Bitcoin as “digital gold.” Central Bank policy director Nilton David warn say e go fit no good to add crypto join FX reserves. If dem pass am, Brazil go be di biggest sovereign Bitcoin holder for di world, pass El Salvador and UK. Di hearing result go determine if di bill go waka go Economic Development Commission and, at last, to Congress and di President. Similar moves dey happen for US states like Texas and Arizona, and countries like Kazakhstan, Pakistan, India and Sweden.

Tether CEO Paolo Ardoino don yan Bitcoin say "no fit kill am", e talk say e strong well well even as market dey shake. E talk say Bitcoin go still strong for long time even as economy dey face wahala. Some people dey happy for Bitcoin because e dey strong but some dey fear say other crypto fit challenge am later. Arkham Intelligence talk say Tether get almost 80,000 BTC for reserve wey worth pass $9 billion, and dis one put dem for top ten big Bitcoin holders them. Bitcoin dey sell for about $115,000 now and e dey gain small small every day. Plenty traders dey see dis as chance to buy Bitcoin. But some dey warn say new crypto projects fit make Bitcoin lose im top position. Market people suppose dey watch how Bitcoin dey move for short time and how Tether dey increase im BTC reserve to sabi wetin fit happen next for market.

DeSoc presale for $SOCS dey gain momentum as Bitcoin volatility increase and altcoin rotation fast before 2026 halving. Recent big moves wey Galaxy Digital make—dem move pass 12,850 BTC go exchanges—push BTC down 3%, show say bearish MACD cross dey for Bitcoin dominance and make funds enter presales wey get high upside. DeSoc blockchain-powered content platform make creators fit publish for Facebook, TikTok, Instagram and Twitter as dem still dey keep decentralized control. From 3 billion $SOCS supply, 45% dey for presale participants, smart contracts don audit, plus 30-year liquidity lock and 12-hour refund window dey build trust. Token holders fit vote for governance proposals with quadratic voting. As institutions dey stockpile BTC and traders dey find aggressive altcoin chances, DeSoc presale stand out because e get strong fundamentals, governance features, and fit get 50× upside before next halving.

KakaoBank, di gbere digital bank for South Korea wey get pass 25 million users, dey move ahead wit plan to issue KRW-backed stablecoin plus give custody services. For dem H1 2025 results, CFO Tae-Hoon Kwon talk about how their KYC/AML setup strong and how dem don do CBDC simulation, e even include real-name check for crypto exchanges. Na Kakao Group Stablecoin Task Force wey involve KakaoBank, KakaoPay and Kakao dey aim 1:1 KRW stablecoin. For June 2025, KakaoPay file 18 trademarks and patents with KIPO for stablecoin tech. With President Lee Jae-Myung pushing regulations to support local stablecoins and stop capital flight, plus 11% profit rise and strong deposit growth, KakaoBank face competition from Kookmin Bank and IBK as dem dey try capture market share for the $275 billion stablecoin industry. This move show say blockchain assets dey get serious uptake for mainstream finance.

Little Pepe don raise over $14.5 million for e Stage 9 Layer 2 memecoin presale, dem don sell pass 10.15 billion tokens for $0.0018 each—dat one na 80% gain from how dem launch am price. Analysts dey compare dis momentum to Shiba Inu historic 9,000% rally and dem talk say e fit still rise like dat again within 90 days if demand still dey. Dem build am on top 100 billion supply with zero transaction tax, Little Pepe tokenomics allocate 26.5% to presale, 30% to reserves, 10% to liquidity, 10% to DEX listings, 10% to marketing and 13.5% to staking rewards. Dem list am for CoinMarketCap and two big exchanges, plus dem get $770,000 giveaway for community wey get over 165,000 entries, all to boost liquidity and engagement. Even though $2 price target by 2025 mean say e go grow 1000x, traders suppose think well about execution risk and market condition before dem put money for this high-risk, high-reward project.

SEC talk say liquid staking receipt tokens no be securities under federal law if providers just dey act as agents wey dey do administrative work like mint and redemption. According to Howey test, the value of these tokens depend on how the underlying assets perform, mainly ETH and protocol-driven yields. The exemption no dey for providers wey get discretionary control—like to set reward rates, pick validators, or change product structures—or those wey dey offer investment contract features; such arrangements still dey securities. Secondary trading fit also qualify for exemption if e meet the same criteria. With $67 billion locked for liquid staking on Ethereum, this regulatory clarity remove SEC registration requirement for compliant liquid staking services. E support DeFi innovation, boost crypto liquidity, and open road for spot ETH ETFs and institutional adoption. Market participants suppose maintain strict compliance to enjoy this relief and avoid being classified as securities.

For July, Ethereum jump 51%, ginger broad altcoin rally as Bitcoin dominance drop to 60.6%, e lowest since January. Capital dey rotate enter ETH, XRP, DOGE plus SUI, while spot ETH ETFs see net inflow for 19 days straight. GENIUS Act progress for stablecoin regulation boost trader confidence more. Corporate treasuries ramp up Ethereum holdings by 127% to 2.7 million ETH, wit Bitmine and SharpLink pass Ethereum Foundation reserves. More than ETH, XRP reach yearly highs, SUI climb 34.6% after DeFi TVL top $2.2 billion, and Dogecoin jump 30% after treasury allocation dem talk. Tokenized stock market capitalization also jump 220% to $53.6 million. This Ethereum rally show say faith dey increase for staking yields, ETH’s deflationary design and clearer regulations, set stage for continue altcoin momentum.

Smarter Web Company don launch one $21 million Bitcoin-denominated convertible bond, wey French asset manager Tobam fully underwrite. Dis three-year interest-free Bitcoin convertible bond fit allow investors change their holdings go equity or collect 98% of BTC value when e reach maturity. As one of UK first corporate bonds of dis kain, e show say institution wey dey adopt am don plenty – over 200 public companies dey hold Bitcoin now. Regulation clarity for US and accept Bitcoin as treasury asset don make demand high. Smarter Web BTC bond dey join digital assets inside financial structure, e show say market liquidity dey rise, and e fit make Bitcoin-based corporate finance more common. As Bitcoin dey trade close to $114,000, the launch fit mean say market steady and confidence dey grow for Bitcoin role for traditional finance.

Satsuma Technology don raise $218 million for one oversubscribed convertible note wey ParaFi Capital lead, wey Pantera Capital, DCG, and Kraken join body. Investors subscribe with Bitcoin, bring 1,097 BTC join inside Satsuma Bitcoin treasury wey now get 1,126 BTC. The UK startup wan use the money expand e decentralized AI services, join Bitcoin-native treasury with AI agents and subnet infrastructure, hire devs and improve liquidity. CEO Henry Elder talk say the funding confirm Satsuma thesis and set new standard for London-based blockchain companies. The convertible note financing plus the boosted Bitcoin treasury dey show say institutional interest dey grow for AI-driven crypto projects.

KakaoBank, wey be South Korea biggest digital-only bank, dey plan to issue and hold one stablecoin wey dey pegged to Korean won. The new KRW stablecoin project dey supervised by one task force with people from KakaoBank, Kakao Pay and Kakao Group. The bank dey use blockchain-based system, real-name verification, KYC/AML systems wey dem don build for three years plus their involvement for Bank of Korea’s CBDC pilot to manage digital wallets and transactions. For first half of 2025, KakaoBank report net profit of 263.7 billion KRW, wey rise by 14% compared to last year, and dem grow their user base to 26 million. Dem join Kakao Pay and KakaoTalk for full ecosystem to distribute and use KRW stablecoin. Traders suppose watch out for more competition for Asia digital currency market and possible changes for stablecoin trading.

Bitcoin velocity don fall reach im lowest level for ten years. Pass 70% of BTC never move for over one year. This drop mean say dem dey shift from transactional use to store-of-value behavior. Since early 2024, institutional adoption don make spot Bitcoin ETFs hold 1.298 million BTC (6.2% of supply). Total institutional reserves, including corporate treasuries and funds, almost reach 2.55 million BTC (12.8%). Off-chain layers show say economic activity still dey happen. Lightning Network public capacity don pass 5,000 BTC, up nearly 400% since 2020. Wrapped Bitcoin (WBTC) supply for Ethereum grow 34% in first half of 2025. Lower Bitcoin velocity dey increase scarcity but e reduce on-chain transactions and miner fee income after 2024 halving. Traders suppose dey watch Bitcoin velocity, ETF inflows, Lightning adoption, and miner fees. If velocity bounce back fit mean say transaction demand don increase again, but if e still low, e mean Bitcoin don settle as macro collateral.

Brazil Chamber of Deputies go hold dia first public hearing for August 20, 2025, about Bill 4.501/2024 wey wan put sovereign Bitcoin reserve. Lawmakers wan make national treasury assets get different kind besides US Treasuries and make sure dem fit protect against currency wahala and inflation. The session for Brasília go gather more than twelve institutions, like Abcripto, Central Bank, Finance Ministry, plus experts like Febraban economist Rubens Sardenberg and Méliuz person Diego Kolling. People wey support talk about blockchain innovation and how e fit protect from inflation. But critics dey warn say Bitcoin get high wahala for price and accounting rules no clear. If dem approve am, Brazil go join US states like Texas wey get public Bitcoin reserves.

SBI Holdings don put for Japan Financial Services Agency (FSA) apply to launch two crypto ETFs: one BTC/XRP Dual-Asset ETF wey dey follow Bitcoin (BTC) and Ripple's XRP directly, plus one gold-crypto hybrid ETF wey go put more than 51% for gold-backed ETFs and up to 49% for crypto ETFs like Bitcoin ETF. Both products dem design to list for Tokyo Stock Exchange and dem dey wait for regulatory approval. If dem approve am, e go be the first time XRP go enter Japan's ETF market, e go strengthen XRP regulatory recognition, and e go make SBI partnership with Ripple Labs through SBI Ripple Asia even stronger. Analysts talk say dis filings fit make other institutions follow, bring big capital flows and expand crypto investment options for institutional and retail traders for Asia.

On August 5, SEC’s Division of Corporation Finance release guidance wey talk say some kain liquid staking fit no dey under US securities law dem. Commissioner Caroline Crenshaw talk say SEC guidance still dey “untested” and she warn market people with one “Caveat liquid staker” note. Commissioner Hester Peirce defend the memo, she compare liquid staking tokens to receipts for staked assets and talk say dem no be securities. Di kain disagreement show say regulatory matter still dey confuse for DeFi staking services. Liquid staking protocols like Lido Finance (LDO), Rocket Pool (RPL) and Ankr (ANKR) get $67 billion locked mainly for Ethereum (ETH). Traders make dem dey watch further SEC rules because if guidance change, e fit affect staking yields and DeFi liquidity.

Satsuma Technology PLC, wey be AI infrastructure company wey dey London market, don finish one funding wey pass wetin dem expect of $217.6 million—64% pass dia target—wey ParaFi, Pantera Capital, Kraken and Digital Currency Group support. Investors put in 1,097.29 BTC, wey make Satsuma bitcoin treasury reach 1,125.85 BTC (near $128 million). Under dia Singapore branch, Satsuma be now the UK second biggest corporate Bitcoin holder, after The Smarter Web Company but pass Phoenix Digital Assets. The money go help dem scale operations, expand team and develop decentralized AI. This deal show say companies dey want Bitcoin more especially as UK dey work on crypto regulation. BTC dey trade near $114,154, up 108% from last year. Traders suppose dey watch corporate Bitcoin holdings as good sign say market go stable and Bitcoin go well used.

Glassnode data show say TRX realized profit jump reach $1.4B on August 5, na e be di second biggest one-day event for 2025. Di addresses wey don hold TRX for three to five years na dem make di spike happen. During dis profit wave, TRX trade between $0.32 and $0.33, as di long-term investors dey lock their gains. Compared to Bitcoin wey get $665.1M and Ethereum wey get $337.2M realized profits for di same period, TRX realized profit dey average like $1B daily since early August. On-chain indicators—Net Unrealized Profit & Loss (NUPL) for di Optimism/Anxiety zone and Spent Output Profit Ratio (SOPR) above 1—confirm say di profit-taking activity no dey stop. Meanwhile, Tron network process over five times more USDT transactions than Ethereum. Tron now get over $81B USDT supply, increase $20B from the start of di year, and e dey handle about 60% of all USDT transfers. Di rising on-chain volume and social media mentions fit mean say short-term volatility fit happen. Traders suppose dey watch TRX realized profit metrics and network growth to sabi di correct time to enter.

One anonymous investor lose $3.05M USDT for one crypto phishing attack after e sign one malicious transaction wey e no verify di contract address. Another person still lose $900,000 USDT for one similar scam, wey show how crypto phishing attacks dey increase as dem dey use spoofed addresses and weak wallet security. For May 2024, one address-poisoning case carry $71M comot but dem refund am later. CertiK Web3 Security Report talk say phishing attacks for 2024 don make pass $1B for 296 breaches, including three wey pass $100M. Binance security team launch antidote algorithm for May, wey mark 15M poisoned addresses to improve blockchain security. Crypto traders make dem serious on contract verification and wallet hygiene to fight phishing threats.

On August 5, di SEC Division of Corporation Finance bin release staff guidance we clarify say liquid staking tokens no be securities under federal law. Tokens like stETH and JITOSOL wey platforms like Lido and Rocket Pool issue no need SEC registration as long as di underlying assets no dey tied to investment contract. SEC Chair Paul Atkins and Commissioner Hester Peirce happy for dis move, dem compare liquid staking tokens to tradotional deposit receipts. Industry leaders for Paradigm and a16z hail di decision as big win. As part of SEC broader “Project Crypto” program, dis clarification na di final hurdle for spot ETH ETF approvals. By define liquid staking tokens as non-securities, fund issuers fit manage daily inflows and outflows better, boost market liquidity and demand for ETH. Traders fit see higher volumes for staking derivatives as industry dey prepare for faster ETH ETF pathways.

BlockchainFX presale don don raise over $4.6 million, dem price the BFX tokens for $0.018 before dem plan put am for $0.05 listing. Di platform staking crypto setup dey distribute 50% daily trading fees as BFX and USDT reward to holders. Another 20% fee dey use for market buybacks, and half of di tokens wey dem buy back dem burn am to support deflationary growth. BlockchainFX trading super app dey support crypto, forex, ETFs and stocks. Di stakers fit use di upcoming BFX Visa Card wey fit work with Apple Pay and Google Pay, this one go convert di USDT rewards and BFX tokens to fiat money for everyday spend. Early people fit join $500,000 Gleam giveaway if dem buy at least $100 BFX, meanwhile top presale investors go share $100,000 bonus pool. With strong staking, burn strategy and passive income potential, BlockchainFX presale fit show say BFX get bullish momentum.

Fundstrat co-founder Tom Lee talk say Bitcoin price fit reach $250,000 by end 2025, with floor fit dey above $120,000. E talk say as institutional investors demand dey grow, e don disrupt normal four-year halving cycle, so cycle-based prediction no too sure again. Some optimistic people like Arthur Hayes and Joe Burnett dey also believe say price go rise well well. But Bernstein and Standard Chartered don reduce their year-end target to $200,000, and 10x Research dey see $160,000. Bitcoin peak reach $123,100 for mid-July, now e dey trade near $114,000. Crypto Fear & Greed Index drop from 60 go 54, show say market dey cool down. Lee still hold long-term target of $1 million. Traders suppose dey watch institutional flows and how sentiment dey change to understand how Bitcoin price go move.

Elon Musk dem xAI wan drop di Grok 2 open source next week, make developers fit get full access to e 128,000-token context plus how e fit generate images. Dis na follow up to di Grok 4 wey dem launch on July 9, wey come with better multimodal inputs and extended reasoning. Di move show how Musk dey try boost transparency, invite people outside to check dia work, and make AI development beta for everybody. After di team work hard to meet deadline, open sourcing Grok 2 na to help community work together, make model improve faster, plus e fit affect AI tools wey crypto traders dey use.

Brazil House of Representatives go dey plan to debate on August 20 a bill wey go allow dem put up to 5% of their $300B foreign reserve for Bitcoin, wey go mean say dem go get $15B Brazil Bitcoin reserve. The proposal dey supported by Central Bank, Finance Ministry, banks, fintech groups plus crypto fans. Dem want use Bitcoin as shield against forex wahala and political gbege plus make blockchain sabi pass for both government and private sectors. Supporters dey call Bitcoin digital gold, but central bank policy director warn make dem no just dey put crypto for official reserve anyhow. If House approve am, the bill go waka go Senate then to President Lula for final green light. Institutional demand for crypto ETFs dey rise. Michigan State Retirement System don add their ARK 21Shares Bitcoin ETF holding go $11.3M and still get $9.6M for Grayscale Ethereum Trust. Wisconsin pension board invest $321M for Bitcoin ETF too. These investments don push BTC to record high pass $123,000 and ETH above $3,800. Traders suppose dey watch market sentiment and Bitcoin price moves as the Brazil Bitcoin reserve debate dey go on.

Amanda Fischer wey be former SEC senior counsel talk say liquid staking rehypothecation na like di way Lehman Brothers collapse for 2008, for one post for X. She talk say di SEC new guidance mean say some liquid staking tokens no dey under SEC or Fed control. SEC Commissioner Caroline Crenshaw no too like di guidance, she talk say e get plenty wahala and no clear, but Commissioner Hester Peirce like am, she talk say e go boost DeFi liquidity. Industry pipo like Matthew Sigel from VanEck and Helius Labs CEO Mert Mumtaz talk say Fischer comparison no correct, lawyer Jason Gottlieb talk say if dem use on-chain rehypothecation e for don reduce di 2008 crisis. For meantime, liquid staking TVL don rise 14.5% this year reach $66.94 billion, Lido Finance lead with 48% share, $31.88 billion TVL, Binance-staked ETH na $11.4 billion, up 90%. Traders suppose watch how SEC policies dey change about liquid staking and rehypothecation because e fit affect token performance and market stability.

Matrixport dem analysis don show say di 21-week moving average wey be $105,696 na di main support level for Bitcoin. Bitcoin waka small between $114,000 and $115,000 for early August, plus di 50-day and 200-day moving averages still dey bullish. Recently, e fall under di 21-day moving average stop di short term rally. Winnin support dey at $112,000; if e break down, e fit push Bitcoin down 24–26% go $95,000 based on weekly RSI. But if e hold well above di 21-week moving average, e fit make rally start again go $119,000. Market feeling, wey Fear & Greed Index dey track, don shift back to greed. Big big things like Federal Reserve policy, possible spot Bitcoin ETFs, and global regulation go dey affect money movement. Traders suppose dey check these moving averages and key support levels sharply. Strong risk management with correct position sizing still dey very necessary.

Brazil and Indonesia dey check matter about strategic Bitcoin reserves to make their economy strong. For Indonesia, leaders of Bitcoin Indonesia community meet Vice-President Gibran Rakabuming Raka talk about how dem fit put Bitcoin mining inside national reserves using extra renewable energy. Dem come recommend say make dem distribute The Bitcoin Standard book to help educate people. Even though crypto trading dey legal, Bitcoin no dey allowed as payment for Indonesia. For Brazil, lawmakers go hold public hearing on August 20 to talk about bill wey go allow make up to 5% treasury reserves (about $15 billion) go Bitcoin. Big institutions like central bank, finance ministry and bank federation go give their testimonies. Vice-President Geraldo Alckmin dey support to explore strategic Bitcoin reserves, but some policy makers dey doubt am. This thing follow after US executive order for 200,000 BTC reserve and growing interest from Pakistan, Ukraine and Sweden. Better custody solutions and clear regulations make national Bitcoin reserves possible. Traders need watch the policy moves from both countries as e fit boost Bitcoin market sharply.

BitBridge Capital Strategies don finish dia SPAC merger with Green Mountain Merger Inc. to become pure-play Bitcoin treasury firm wey dey trade under ticker BTTL OTC and dem dey target Nasdaq uplist by Q3. Di company dey focus only on Bitcoin reserves, dem go launch Respect Loan, new BTC-backed lending product wey get low interest rates and multi-year terms to support sustainable returns and reduce volatility. To help make Bitcoin more popular and boost brand recognition, BitBridge go sponsor university football team and launch educational podcast wey CEO Paul Jaber go host. Di strategic focus on Bitcoin treasury and lending platform dey align with bigger institutional shift toward sound money practices. Traders suppose watch BTTL uplist progress and Respect Loan uptake as potential catalysts for Bitcoin demand.

Binance go delist DEFIUSDT and MEMEFI USDⓈ-M perpetual futures for August 11, 2025. All open positions go automatic settle for 12:00 UTC, new orders no go dey from 14:30 UTC. Traders gats manually close any remaining DEFIUSDT or MEMEFI position before dem cutoff make e no cause forced liquidation. Binance delist action na follow the recent spot market adjustments and e want simplify their futures offerings and manage risk. Users suppose dey watch price movements and adjust how dem dey trade accordingly.

For August 6, Whale Alert show say one big USDC transfer of 698,990,107 USDC (about $699 million) waka from Binance hot wallet go some unknown address. The size of this USDC transfer show root liquidity for stablecoin market and e dey often mean strategic moves by institutional players like OTC trades, exchange rebalancing, custodial storage or investment setup. Even though stablecoin flows dey keep price steady, big USDC transfers fit reduce liquidity wey dey on exchange and fit show say dem wan move or sell soon. Traders suppose dey watch on-chain data for follow-up transactions — these big whale moves fit give clue about short-term liquidity changes and bigger market trends.

According to VanEck report, decentralized DeFi derivatives exchange Hyperliquid catch 35% of total blockchain revenue for July, dem high-value traders from Solana because of reliability wahala and delay for upgrades. Open interest for Hyperliquid climb to $15.3 billion — up 369% for the year so far — wit over $5.1 billion USD Coin bridge enter. Dem integrate Phantom Wallet wey power $2.66 billion for perpetual futures volume, generate $1.3 million fees and add 20,900 new users. Hyperliquid own token HYPE don rise from about $10 for April to all-time high $49.75 for July 14 before e fall small to $37.38 as market dey pullback. Meanwhile, Solana SOL token don drop 44% since January. Dis sharp growth for blockchain revenue show say demand for on-chain derivatives dey rise and place Hyperliquid as leading DeFi derivatives DEX.