Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On July 28, di US Securities and Exchange Commission don give go-ahead for in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs dem. Wit dis in-kind creation scheme, authorised participants fit now swap ETF shares directly for Bitcoin or Ethereum without cash transactions. Dis change align crypto ETFs wit traditional fund practices. Big issuers like BlackRock, Fidelity, Ark Invest, and VanEck plus exchanges such as Nasdaq, NYSE Arca, and Cboe BZX don get quick approval to run dis new system. Wetin dem expect na lower transaction costs, tighter tracking of net asset value, and better tax efficiency. The update also boost liquidity and operational efficiency for secondary market. SEC Chair Paul Atkins and Commissioner Hester Peirce lead di regulatory move, marking step towards mainstream institutional adoption of crypto ETFs. Analysts predict say more institutional money go flow sweetly follow, dey push market stability. Dem also expect say upcoming altcoin ETF filings go adopt in-kind creation from launch, making market dem more efficient.

XRP don dey waka down small small since e reach $3.70 but e no get any clear pattern, e just dey trade around $3.12 now. The price no get any sharp waka down candles or liquidation spike. The trading volume don dey go down steady steady, e mean say both bulls and bears no get enough confidence. The 21-day EMA for around $3.00 and the $2.99–$2.75 area na the main support; if e break down, e fit carry XRP go $2.50. Even though momentum dey weak, the RSI still dey above 57, mean say the token no reach oversold level. Traders make dem no use high leverage for this low volume environment, wait make volume support rebound or clear breakdown happen before dem touch their positions.

Gate don become di second biggest holder of USD1 stablecoin among centralized exchanges, na only Binance dey pass am. After dem launch Ika (IKA) for Gate Launchpad on July 26, di exchange get about $170 million USD1 for BNB Smart Chain (CEX #2) and $20 million USD1 for Ethereum (chain #1), wey match di $196 million wey dem allocate for di IKA campaign. Di IKA Launchpad carry come over $200 million USD1 and 5.33 million GT (around $97.5 million), and e mark one of di biggest event dem for Gate. USD1 stablecoin, wey World Liberty Financial issue and e fully backed 1:1 by U.S. treasuries and cash equivalents with real-time audits, dey work for plenty blockchains. Dis milestone go boost USD1 stablecoin adoption, strengthen Gate liquidity depth, and show how Gate dey play important role to connect traditional finance with DeFi.

RD Technologies don close $40 million Series A2 funding round wey ZA Global, China Harbour, Bright Venture and Hivemind Capital lead, plus dem get Sequoia China, Eternal Digital, Junshi Investment, HSG, CMSC Partners and Guotai Junan International PE fund join body. The money go help quicken development of HKDR, one regulated stablecoin wey dey fully pegged to Hong Kong dollar. Together with ZA Bank, RD Technologies go pilot stablecoin use wey comply with law for payments and financial services under Hong Kong new licensing regime and regulatory sandbox. HKDR design to improve transaction efficiency, price stability and programmable finance for di city digital asset ecosystem wey dey grow. Future wahala include changing regulations, market adoption palava and increasing competition.

Coinbase Derivatives go launch USD-denominated nano perpetual futures for Solana (SOL) and XRP for August 18. The new nano futures—nano SOL and nano XRP—dem get 10x leverage plus small contract sizes to make am easy for retail traders to enter. Dem fully regulated under US rules, these Solana and XRP futures no get monthly expiration, last five years, and get legal surety. This move go boost liquidity and access for US crypto market. Coinbase want meet the growing demand for different crypto derivatives, attract plenty people dem join and increase trading volume. Coinbase nano futures dey for small traders wey dey find flexible, regulated trading options.

On-chain data show say Ethereum whale wallets don jump 8% for two weeks, while Bitcoin whale wallets drop small 1.6%. The top holders add about 220,000 ETH (≈$840 M) within 48 hours, this one na because of new capital flow, no be because dem dey move from BTC. Ethereum whale wallets now dey hold at least 10,000 ETH each, show say dem dey ginger strong to dey accumulate. This influx don push ETH go around $3,805 (52% rise for 30 days), pass Bitcoin wey gain 9% that month as BTC realized market cap hit record $1.018 T. The steady demand from institution and the increase ETF inflows na the strong base for both assets. Analysts dey see this different whale behaviour as sign say altcoin cycle wey Ethereum lead don dey come. Traders suppose watch these whale trends well-well for short-term wahala and long-term momentum.

Bank of Korea don rearrange their CBDC research work by rename the Digital Currency Research Team to Digital Currency Team, plus dem create two new divisions: Digital Currency Technology Team and Digital Currency Infrastructure Team. Dem still set up one Virtual Asset Committee to watch crypto markets and advise stablecoin regulations as law dey go through. The central bank delay their plan for April-June 2025 retail CBDC pilot because law follow no clear and cost wahala, but them promise say dem go continue trials once law framework clear. Meanwhile, eight big Korean banks dey plan to launch won-pegged stablecoins by late 2025 or early 2026, with Deputy Governor Ryoo Sangdai supporting banks as the main issuers. Governor Lee Chang-yong talk say digital currency get important role for South Korea future financial system.

Rowland Marcus Andrade, di person we start di AML Bitcoin token, don get seven years prison sentence afta one jury for California find am guilty for wire fraud and money laundering. E divert $10 million from investors and channel $2 million wey come from AML Bitcoin sales take buy personal tins, like land and big big car dem. Andrade fool di backers as e talk say e get built-in AML and KYC features plus e talk say e get partnership dem we no true, like one fake deal with Panama Canal Authority. E go need give up assets and pay back di victims, restitution dey set for Sept 16. E sentence go start for Oct 31 and e go come with three years supervised release. Political lobbyist Jack Abramoff sef dem talk say make e give back $55,000 for promoting di token. Dis case show say dem dey serious about crypto fraud and dem wan make AML/KYC rules tight. Traders suppose do better due diligence: confirm who dey behind project, check whitepapers well and use better exchanges wey people trust. Even though dis case fit affect how people see AML Bitcoin token for short time, clear regulations fit build better market trust long term.

ETH Strategy don finish raise $46.5 million pre-launch, wey be 12,342 ETH through private and public sales plus some puttable warrants. Di protocol go stake 11,817 ETH to make yield and boost on-chain liquidity, showing say institutional demand for Ethereum as yield-bearing asset dey grow. Di leftover 525 ETH go support growth initiatives, audits, contributor pay, and community projects. Tokens get four-month cliff then two-month linear unlock, fit cause short-term sell pressure and fit make ETH slide to $2,700–$3,200. Meanwhile, Ethereum dey see record monthly ETF inflows of $11.2 billion, wey show strong buyer interest. If market momentum strong, ETH fit break $4,000 and aim $4,500–$5,000, but if e no happen, fit correct back to $2,500–$3,200. ETH Strategy on-chain treasury model dey reinforce network security and fit set new standard for institutional staking protocols.

For July 30, US Securities and Exchange Commission don approve in-kind creation and redemption for authorized participants inside spot crypto ETFs, especially Bitcoin (BTC) and Ethereum (ETH) spot ETFs, wey go allow actual BTC and ETH to dey exchange for ETF shares instead of cash. This change bring spot crypto ETFs in line with traditional ETPs, e dey reduce trading fees, e dey narrow bid-ask spreads, e improve price tracking, plus e dey speed up settlement. SEC also relax options position limits for BlackRock’s iShares Bitcoin Trust (IBIT), approve mixed BTC/ETH ETFs, spot Bitcoin ETF options, and FLEX options on Bitcoin ETP shares. Spot Ether ETFs don get 18 days straight net inflows totaling $5.4 billion. Retail investors no enter in-kind transactions yet, but dem expect say this reform go boost institutional demand. Experts see am as key infrastructure upgrade and dem expect in-kind creation go be default for future spot crypto ETFs, plus possibility for staking approvals for Ethereum ETFs.

Vincent Anthony Mazzotta Jr don admit say e guilty for money laundering and conspiracy to block justice for one $13 million crypto Ponzi scheme. From December 2017 to July 2023, him and him people dey run fake platforms Mind Capital and Cloud9Capital wey dey promise big returns from AI trading bots. The scheme collapse when both website disappear, investors no fit access their money again. Mazzotta wash victim money through crypto mixers to pay for private jets, luxury hotels, and security. E also create fake ‘Federal Crypto Reserve’ to collect recovery fees. Court papers show say e destroy devices and fake documents to block investigation. Mazzotta fit face 15 years jail time; sentencing still dey. Co-defendant David Saffron say e no guilty, but associate David Kagel get probation and must pay back $13.9 million. This case show how DOJ dey serious with crypto fraud and the danger of unverified AI trading schemes.

MARA Holdings report say Q2 revenue na $238 million, wey dem gain 64% compared to last year, e come from Bitcoin price go up and their Bitcoin mining work. The result pass analyst dem estimate wey be $223.7 million. Their net income jump high to $808 million from $198 million loss, e come because of $1.2 billion unrealized Bitcoin gains as Bitcoin price climb 31% for the quarter. Dem mine 2,358 BTC, wey increase 3% from last quarter, and dem raise their hash rate to 57.4 EH/s. Their Bitcoin treasury don reach almost 50,000 BTC, make MARA be the second biggest public Bitcoin holder after MicroStrategy. Their shares rise 7.5% for after market trading. MARA come also talk say dem get AI infrastructure partnership with TAE Power Solutions and PADO AI. These deals go help balance energy load and increase their Bitcoin mining capacity to 75 EH/s by the end of the year. CEO Fred Thiel talk say vertical integration, big Bitcoin treasury, and early AI investments na the main things wey dey drive the growth of their Bitcoin mining business.

CoinDCX CEO Sumit Gupta talk say na true di tori wey sey Coinbase dey for advance talk to buy di Mumbai-based exchange for $900 million, e call di rumor dem "false" and e talk say CoinDCX dey committed to grow India crypto market. Dis denial happen after di $44.2 million hack on internal wallet, afta which CoinDCX start $11 million bounty program and assure say customer money still dey safe. Coinbase wey get stake for CoinDCX and CoinSwitch, and registered wit India Financial Intelligence Unit, neva talk anything for di speculation of buyout. Wit over 13 million users, CoinDCX still dey focus on independence, better security and Web3 expansion despite regulatory wahala wey dey for India.

Cardano founder Charles Hoskinson dey project say ADA fit shoot up 100x–1000x as e position Cardano as Bitcoin main DeFi yield layer. If dem fit integrate ADA into Bitcoin DeFi, e fit open both staking rewards plus ecosystem token incentives. Hoskinson talk say Cardano market cap don reach $30 billion, pass Bitcoin and e dey similar to returns on 108,000 BTC wey value $15 billion. Now, ADA dey consolidate around $0.80–$0.90, one critical support zone wey dem don test am many times for Q2 2025. If e hold this range, e fit open road for gains go $1.00–$1.15. If e fall below 200-day SMA e fit cause more sell pressure. On-chain data show negative spot taker CVD, meaning short term selling dey, but realized capitalization don increase from $23.4 billion to $23.6 billion, show say fresh capital dey flow and investors confidence still dey. Traders suppose dey monitor ADA integration plan with Bitcoin DeFi plus key support levels for signals of breakout or breakdown.

Manifold don close $10.5 million Series A round we OSS Capital lead, to develop Targon, their decentralized AI cloud platform we dem build for Bittensor network. The funding go help expand engineering, make performance better, and make security strong for their decentralized AI services. Through Bittensor’s tokenomic model we use TAO tokens, Manifold platform dey give transparent model training, federated learning privacy, plus reduce how much dem dey depend on centralized data centers. As Targon dey near commercial launch, partnership and enterprise integration go increase. For crypto traders, dis boost show sey decentralized AI infrastructure and token-based compute networks dey get plenty interest, e mean say TAO and other similar blockchain AI tokens fit see more trading activity.

Revolut dey reason to buy one US bank wey get national charter so that dem fit fast track to get Revolut US banking license. Revolut wey be UK fintech get over 60 million users and e wan skip all the long process wey dem need go through, to fit launch lending and digital asset services for America quick quick. E still get one other way wey Revolut dey prepare direct charter application because dem believe say recent US deregulatory trends go support their plan. This move na follow dia plan for $1 billion funding round wey dem value about $65 billion and the recent buy of Cetelem bank for Argentina, to show how dem dey plan expand fintech business. If Revolut fit secure Revolut US banking license, e go fit improve crypto trading and payment services, make dem strong pass domestic fintech players and move fast to grow global business.

Strategy get plenti Bitcoin for dem treasury, reach 628,791 BTC, wey don bring $28.2 billion profit dem no don collect yet from total value wey be $74.3 billion. Dem average price to buy one coin na $73,277, after dem buy 21,021 BTC for $117,256 each recently. Dis kind wahala wey dem dey do, wey be dollar-cost averaging, show say big companies get confidence for Bitcoin as protect from inflation and fiat currency wahala. Strategy dey clear on how dem dey run tins, and dey hold for long time patiently, na better example for how companies fit use cryptocurrency save money. But traders suppose still sabi say Bitcoin fit small-since, get concentration risk and regulatory changes fit happen, so make dem cautious when dem dey manage risk and diversify portfolio.

US Bitcoin spot ETFs don record dia fourth day in a row wey money dey flow in, total $79.98 million on July 29. BlackRock iShares Bitcoin Trust (IBIT) lead with $158 million new money, make their assets under management (AUM) reach $57.547 billion. VanEck HODL ETF add $5.82 million. Meanwhile, Grayscale GBTC experience $48.97 million as money dey flow out, the total redemption reach $23.635 billion. Bitwise BITB and ARK Invest ARKB sef collect redemptions of $26.22 million and $8.2 million. Total AUM for all Bitcoin spot ETFs don reach $152.711 billion, wey be like 6.53% of Bitcoin market cap. This kind steady money wey dey come in show say institution people dey want regulated crypto exposure wella and fit make supply for exchange tight, wey go support Bitcoin price and liquidity. Traders sabi watch ETF flow movement, fee changes, and regulatory updates to catch any changes for how money go dey allocated.

On-chain data dey show say Anchorage Digital, di first crypto bank wey get federal charter for US, don unstake 8,052 ETH (~$30.25M) from Lido. For dis amount, dem stake 7,576 ETH via Coinbase since August 2023 at average price $1,672 per token. Di combined price gains and staking yields wey dem get for dia ETH staking position bring dem about $15.8M profit. Di decision wey Anchorage Digital make show say institutions dey take profit, rebalance portfolio, and manage liquidity as Ethereum dey transition to Proof of Stake. E still show how liquid staking with Lido’s stETH tokens still dey attractive. Even though di direct effect on ETH price fit be neutral, traders suppose dey watch these big flows to understand di institutional feeling and di future market trend.

US Securities and Exchange Commission (SEC) don approve in-kind redemptions for spot Bitcoin and Ethereum ETFs, wey allow authorized people to exchange ETF shares directly for BTC and ETH. The SEC new in-kind redemptions policy dey align US ETF rules with Hong Kong and e replace cash-only creations and redemptions, reduce conversion costs and tracking errors. Dis change e fit help improve liquidity, reduce spreads, and boost arbitrage, fit attract more institutional money. Since the update, total crypto market cap don drop 3.8%, Bitcoin dey trade near $118,000 (-0.4%), Ethereum don rise 0.7% above $3,800. Spot ETH ETFs don record net inflows for 18 days straight, na their second longest streak. Traders go dey watch how better ETF efficiency fit affect market stability and institutional demand.

MicroStrategy don complete de biggest U.S. perpetual preferred share IPO for 2025, dem raise $2.521 billion by issuing 28 million STRC shares at $90 each with 9% dividend tied to 1-month SOFR. Di underwriters na include Morgan Stanley, Barclays, Moelis & Company and TD Securities. Di money plus buy 21,021 Bitcoin at average price of $117,256 per coin, wey raise MicroStrategy total Bitcoin holdings to 628,791 BTC (about 3% of circulating supply) with cost basis of $46.08 billion and market value near $80 billion. Bitcoin dey trade near $117,800, down 0.5% in 24 hours. Traders suppose watch MicroStrategy Bitcoin buying, upcoming Q2 results and Federal Reserve rate decision, because these kin things fit cause wahala for Bitcoin market.

Bitcoin Season dey continue shape how crypto market dey behave as Altcoin Season Index dey at 38, meaning say less than 25% of top 100 altcoins don perform pass Bitcoin for past 90 days. The current Bitcoin Season dey show Bitcoin na the main oga for hin market amid risk wey people dey avoid, wey dey happen because people dey expect the upcoming Bitcoin halving plus how institutional money dey flow enter through newly approved spot ETFs. Traders dem suppose increase their Bitcoin holdings and focus on better blue-chip altcoins like ETH, SOL, and BNB. Using dollar-cost averaging plus regular portfolio balancing fit help manage market wahala. Historical trend show say when Bitcoin dey consolidate and get good on-chain momentum, e usually mean new altcoin rally dey come. The key market signal to watch na Bitcoin price stability, wey Ethereum network activity dey increase, and good regulatory developments before the next Altcoin Season.

Anchorage Digital, one US-chartered digital asset bank, don buy 10,141 BTC wey worth about $1.19 billion inside nine hours through OTC desks, dark pools, and algorithmic trading. Dis Bitcoin acquisition dey shine light for how more institutions dey adopt cryptocurrencies plus deep market liquidity. As regulated custodian, Anchorage show say dem sabi execute well and custody well well, including private trading venues, cold storage and multi-signature security. The deal follow after US recently approve Bitcoin spot ETFs wey reduce risk for traditional investors. Big Bitcoin purchases like dis fit make exchange supply tight, boost order book momentum and encourage new products like Bitcoin-backed lending. Traders suppose dey watch BTC liquidity and price movements well as dis kind transactions dey support long-term market fundamentals.

CryptoQuant analyst Crypto Dan dey warn say market fit overheat small before Bitcoin price go drop small. E expect say dis correction go shorter and mild pass past cycles because less short-term holders. Di main things wey go push rally be d upcoming Bitcoin halving, more institutional adoption through spot Bitcoin ETFs, possible interest rate cuts, and ongoing network upgrades. Traders suppose focus on Bitcoin price prediction and use dollar-cost averaging to build position. Long-term view and focus on fundamentals fit help avoid panic selling. Dis balance strategy go set investors well to catch buying opportunities during d dip and benefit from d expected late-2024 rally.

BONK don carry 82% of memecoin launchpad volume for TRON network and e dey near one million holders. This milestone go trigger burn of 1 trillion tokens, e go further compress how many tokens dey waka around. On-chain data from Glassnode show say realize profit still dey under $100 million, e mean holders get strong belief and dem no too dey take profit. After e slide 50% from e Q4 peak of $0.00006, BONK rally more than 100% in July after e hold ground for long time. LetsBonk.fun get 72% share of launchpad volume, e big pass Pumpfun wey get 17%. Small 5.77% weekly drop na healthy cooldown, no be sell-off. With on-chain participation dey increase, these structural shifts dey support better market outlook. Traders go dey watch BONK demand and on-chain activity after burn as key signs for possible move to new all-time high.

Argo Blockchain for face delisting for Nasdaq as de London-based bitcoin miner fail make di $1 minimum bid we Nasdaq require. Di company get 180-day compliance period from Nasdaq for January but e don trade below $1 for 30 days straight. ARBK shares now stand for $0.31. Argo Blockchain plan to request for hearing with Nasdaq Panel to show compliance plan. Things we dem fit do dey include operational improvements, financial restructuring and reverse stock split. Dem never talk exact action like share buybacks or buyback programs yet. If dem no fit regain compliance, ARBK shares go move to over-the-counter trading, wey go reduce liquidity and investor confidence. Delisting fit block bitcoin miner from accessing capital and expansion plans. Dis case dey show wider challenges for mining sector like low bitcoin price, rising energy cost and increased network difficulty. Traders suppose watch Argo Blockchain Nasdaq Delisting hearing well to sabi how e fit affect market.

FaZe Clan CEO Richard “Banks” Bengtson don resign indefinitely afta di MLG memecoin collapse wey spark rug pull allegations. Di token surge na drive by social media hype from Banks and influencer Adin Ross. Wen prices crash, one leaked chat reveal Banks dey accuse Ross of use him followers as exit liquidity. Ross confirm di leak but deny wrongdoing. Banks deny misconduct but talk say di scandal don ruin him brand forever. Him comot leave FaZe Clan without clear leadership and show transparency wahala for influencer-led tokens. Meanwhile, XRP holders dey face more and more deepfake scams. Traders suppose dey watch regulatory scrutiny of influencer endorsements and possible contagion among memecoin projects.

Whale Alert record two big USDT transfers wey involve OKX: one 250.8M USDT wey come inside from one unknown wallet and one other 396.6M USDT wey go outside to another address. Dis kain big USDT movements fit change how exchange liquidity be and show wetin whale dey reason for market—fit make buy pressure strong wen money dey come in and fit mean say dem dey take profit, settle OTC, or put am for cold storage wen money dey go out. Traders suppose dey watch on-chain USDT transfer patterns, OKX wallet balances, plus how order book dey move to confirm whale activity. Even though USDT peg steady, these mixed flows dey show signs for both bull and bear. Make traders get balanced strategy with diversification plus risk management cos short-term volatility fit happen.

BTCS don file $2 billion shelf offering wit di US SEC to raise flexible capital for three years. Dis shelf offering go allow BTCS to time how dem dey issue shares without constant SEC filing and to issue equity or debt wen market condition good. Di money go help buy more Ethereum (ETH), using PoS staking to secure 5–7% annual returns. By grow dia ETH holdings, BTCS wan diversify dia balance sheet, tap di growing institutional demand for digital assets and make passive income from staking rewards. More exposure to Ethereum ecosystem show say dem dey shift strategy towards generating yield and diversify asset dem as more institutions dey adopt crypto. Risks dey like crypto volatility, regulatory wahala and possible share dilution. Traders suppose keep eye on BTCS funding schedule, Ethereum network developments and market liquidity to understand wetin e mean for ETH price and staking markets.