Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Binance founder Changpeng Zhao has filed a motion in Delaware bankruptcy court to dismiss a $1.8B FTX lawsuit, citing improper service and lack of jurisdiction. He argues the FTX lawsuit relies on extraterritorial claims and notes that all transactions were processed through Binance entities in Ireland, the Cayman Islands, and the BVI. CZ asserts he was only a nominal signatory, never holding control of the transferred crypto, and denies his X posts selling FTT caused FTX’s collapse. If dismissed, the suit could set a key precedent on Delaware’s authority over foreign crypto executives and cross-border bankruptcy claims. Traders should monitor the case for its implications on Binance’s legal exposure, potential asset recovery practices, and broader crypto litigation risks.

The Satoshi Nakamoto statue was stolen overnight from a public park in Lugano, Switzerland. The theft of the Satoshi Nakamoto statue, designed by Valentina Picozzi, marks a bold art heist: the faceless stainless steel sculpture took 18 months to conceive and three months to build. Unveiled in October 2024 as part of the city’s Plan B initiative with Swiss-Tether, the statue anchors Lugano’s ambition to become a cryptocurrency hub. Thieves removed the steel mounting plates without triggering security cameras, leaving only an empty platform. Speculation that the statue was dumped into Lake Ceresio led volunteer divers to search the water, but no trace was found. Local police say they may inspect the lakebed for evidence. Art collective SatoshiGallery has offered a 0.1 BTC reward for information leading to its recovery and affirmed plans to install similar symbols in 21 cities worldwide.

From October 8, 2025, the UK Financial Conduct Authority (FCA) will permit retail investors to trade crypto exchange-traded notes (ETNs) on recognized investment exchanges. These debt securities track cryptocurrency performance net of fees and do not hold underlying assets directly. The policy reverses the 2021 ban on retail crypto ETNs and follows FCA’s earlier approval for professional investors and a June 2025 consultation. Approved crypto ETNs must meet strict authorization, transparency, and Consumer Duty requirements. They will be subject to financial promotion rules and clear disclosures but remain outside the Financial Services Compensation Scheme (FSCS). Meanwhile, the FCA keeps its ban on high-risk crypto derivatives like futures and options for retail clients. This move aligns the UK with markets in the US, Canada, Hong Kong, and the EU, balancing consumer protection with rising demand for regulated digital-asset products.

Blockstream has launched Simplicity, a new smart contract language for Bitcoin’s Liquid Network. Simplicity reduces code complexity compared to Bitcoin Script, uses the UTXO model, and offers formal verification to minimize bugs and exploits. The language supports advanced on-chain and off-chain DeFi applications, including programmable vaults, trustless swaps and stateless decentralized exchanges. Blockstream plans to integrate Simplicity with upcoming upgrades such as Taproot and Schnorr signatures. Early adopters can access open-source tools, documentation and a testnet. By simplifying smart contract development and enhancing security, Simplicity aims to boost developer interest, institutional adoption and confidence in Bitcoin’s programmable finance.

Parataxis, a Bitcoin asset manager, is going public via a SPAC merger with SilverBox Corp IV. The transaction will raise up to $640 million in gross proceeds—$240 million from the SPAC trust and up to $400 million through a PIPE facility—to fund its Bitcoin treasury strategy. At closing, the combined entity, Parataxis Holdings, will list on the NYSE under the ticker PRTX at an implied equity value of $800 million based on $10 per share. An initial $31 million of the proceeds will be used to purchase Bitcoin, supporting Parataxis’s long-term BTC accumulation and yield strategies within an institutional framework. CEO Edward Chin said the deal enhances institutional credibility and will finance expansion into South Korea via Parataxis Korea, backed by its investment in Bridge Biotherapeutics. The move follows a wave of crypto IPOs and SPAC deals, including Circle’s IPO, ProCap’s NASDAQ debut, and Grayscale’s planned listing. Since June, Parataxis’s shares have risen 4.5-fold. SilverBox Corp IV traded flat at $10.60 on close, rising 1.7% postmarket to $10.78. This SPAC merger underscores growing institutional interest in Bitcoin and may boost market optimism.

SBI Holdings has filed applications with the Tokyo Stock Exchange to launch Japan’s first Bitcoin-XRP ETF and a Digital Gold Crypto ETF. The Bitcoin-XRP ETF will give institutional and retail investors regulated exposure to Bitcoin (BTC) and XRP. The Digital Gold Crypto ETF allocates 51% to gold-backed ETFs and 49% to major cryptocurrencies to hedge volatility. These filings align with Japan’s Financial Services Agency revising crypto regulations under the Financial Instruments and Exchange Act to streamline approval and tax processes. The Bitcoin-XRP ETF could boost institutional participation and liquidity in Japan’s digital asset market. Meanwhile, Hong Kong authorities are preparing to grant stablecoin licenses to select issuers, potentially including offshore renminbi-backed tokens. These developments may further integrate regulated crypto solutions across Asia.

Binance co-founder Changpeng Zhao (CZ) has filed a motion in the U.S. Bankruptcy Court in Delaware to dismiss the $1.8 billion FTX lawsuit, arguing the court lacks jurisdiction. CZ resides in the UAE and says the 2021 equity buyback with FTX was conducted solely through entities in Ireland, the Cayman Islands and the British Virgin Islands. His legal team maintains he was only a nominal counterparty and never controlled or received FTT or BUSD tokens. Former Binance executives Samuel Lim and Dinghua Xiao have also moved to dismiss their involvement. Meanwhile, the FTX trustee has returned about $6.2 billion to creditors in two distribution rounds, with the next batch scheduled for September 30, 2025. Crypto traders should watch how the court’s jurisdiction ruling could affect the FTX lawsuit and market confidence.

Brazil’s House of Representatives will debate a Bitcoin reserve bill on August 20. The legislation would allocate up to 5% of national treasury funds (about $15 billion) to Bitcoin. Proponents say the Bitcoin reserve would shield foreign exchange reserves from currency volatility and geopolitical risks. A scheduled hearing will feature the Central Bank, the Finance Ministry, crypto advocacy groups, fintech firms and major banks. Supporters argue the reserve will bolster economic resilience, promote blockchain adoption and drive institutional investment. Opponents, including the central bank’s monetary policy director, warn that adding crypto assets to state reserves is risky. If passed by both chambers and signed by President Lula, Brazil would join other countries exploring sovereign Bitcoin reserves — a shift that could boost market confidence and reshape global crypto markets.

Spot Bitcoin ETFs saw three consecutive days of net outflows as prices retreated from July highs. BlackRock’s IBIT led the sell-off with a $292.5M withdrawal, the largest since May. Fidelity’s FBTC and Grayscale’s GBTC lost $40M and $10M respectively, while Bitwise’s ETF attracted $18.7M. Weekend selling sent Bitcoin down 8.5% from its July 14 peak, dipping to $112,300 before recovering to around $115,000. Spot Ethereum ETFs also recorded record outflows, with $465.1M withdrawn in one session, led by BlackRock’s ETHA. Despite the recent pullback, July inflows remained robust. IBIT gathered $5.2B for the month, and digital assets drew $60B year-to-date, according to Bloomberg and JPMorgan. Spot Bitcoin ETFs have compressed 90-day volatility from over 60 to below 40, creating a more stable market. Traders should watch Bitcoin ETF flows closely. Persistent outflows may dampen short-term sentiment, while lower volatility and sustained institutional interest support long-term accumulation.

US spot Ethereum ETF outflows hit a record $465 million on Monday, ending a 20-day inflow streak after $152 million exited on Friday. The outflows coincided with Ethereum’s price dropping 12% over the weekend to $3,380 before recovering to $3,670. BlackRock’s ETHA led withdrawals with $375 million, followed by Fidelity’s FETH ($55.1 million) and Grayscale’s Mini and ETHE funds ($28 million and $6.9 million). Spot Bitcoin ETFs also saw $333 million leave the market. Despite these Ethereum ETF outflows, ETH has climbed 44% in the past 30 days, trading near $3,630, and Galaxy Digital CEO Mike Novogratz forecasts a revisit to $4,000 within six months. On-chain data points to robust institutional demand amid ETF turbulence. Since July 9, 14 new wallets have accumulated 856,000 ETH (over $3.1 billion), while three whale wallets added 63,837 ETH (~$236 million) via OTC trades. Cumulative inflows into spot Ethereum ETFs since launch stand at $9.02 billion, driven by a 20-day July streak that attracted $5.4 billion. These mixed signals underscore short-term pressure from net outflows but reflect sustained long-term confidence in Ethereum’s fundamentals.

Nasdaq-listed Verb Technology has completed a $558 million private placement to acquire Toncoin (TON) as a treasury asset. More than 110 institutional and crypto-native investors, including Blockchain.com, Kraken, Pantera, Ribbit Capital and Animoca, joined the round. Verb plans to rebrand as TON Strategy Co. on August 7, 2025, and will hold 77% of its Toncoin reserves for dip buying, liquidity support and volatility buffering. The deal removes about 5% of TON’s circulating supply, triggering a supply shock that could drive a price rally. On-chain data shows TON trading above its 20-day moving average and near the lower Bollinger Band, with Fibonacci extension targets at $3.90 and $4.20. A break above $4.50 may spark further momentum. Traders may see short-term consolidation between $3.30 and $3.55, with dips near $3.20 as buying opportunities. In the long term, treasury staking yields and Telegram integration could establish a higher price floor, positioning Toncoin as an institutional-grade crypto asset.

Satoshi Nakamoto statue in Lugano’s Parco Ciani was attacked overnight, as vandals used angle grinders to sever its welded base and dumped the bronze figure into Lake Lugano. Police cordoned off the scene, and evidence at the site pointed to industrial cutting tools. Satoshigallery has offered a 0.1 BTC reward for tips leading to the statue’s recovery. Divers from the local municipality retrieved the broken statue from the lake. Satoshigallery confirmed the bronze piece is secure and has outlined plans to restore the public artwork. City authorities will tighten security after tourist foot traffic dipped following the incident. This statue theft is the first major vandalism of the “Disappearing Satoshi” campaign, which has installed 21 Satoshi Nakamoto statues worldwide to symbolize Bitcoin’s 21 million supply cap. Satoshigallery remains committed to casting replicas in new locations.

CFTC and SEC have launched a joint ’crypto sprint’ to implement the White House’s crypto regulation recommendations. Acting CFTC Chair Caroline Pham will work with SEC leaders to execute 18 proposals from the President’s Working Group on Digital Assets. Two plans focus on CFTC actions: issuing guidance to classify cryptocurrencies as commodities and updating rules for blockchain-based derivatives. The remaining measures call for joint rule-making, a regulatory sandbox, and clearer jurisdiction over spot markets for non-security tokens. Pham’s team has met industry stakeholders, withdrawn outdated guidance, and sought feedback on 24/7 derivatives trading and perpetual contracts. Brian Quintenz is pending Senate confirmation as CFTC Chair. The initiative aims to improve crypto regulation, foster DeFi innovation, and strengthen the U.S. as a global crypto hub. Traders can expect clearer rules, greater market stability, and new opportunities in digital asset trading.

Bakkt has agreed to acquire a roughly 30% stake in MarushoHotta (MHT) via a share purchase from RIZAP Group, making it MHT’s largest shareholder. As part of the deal, Phillip Lord, President of Bakkt International, will be appointed CEO of MHT, which will rebrand as Bitcoin JP and adopt the www.bitcoin.jp domain, pending shareholder approval. Under the new corporate Bitcoin treasury strategy, MHT will integrate Bitcoin (BTC) and digital assets into its balance sheet. Co-CEO Akshay Naheta highlights Japan’s favorable regulatory framework for expanding cryptocurrency services. To fund this expansion, Bakkt is raising up to $1 billion through a securities offering of Class A common stock and pre-funded warrants. This move follows Bakkt’s recent $75 million equity raise, a $1 billion shelf offering, and addresses prior cash constraints after an SEC warning on its going concern status and a 30% stock drop in March 2025 when major clients, including Bank of America, declined renewals. The transaction underscores growing corporate Bitcoin adoption in Japan and represents Bakkt’s shift from infrastructure services toward asset holding to strengthen its global crypto market position.

China’s Ministry of State Security has warned that a foreign crypto project collecting users’ iris scans in exchange for tokens poses national security and data privacy risks. The advisory, while unnamed, aligns with Worldcoin’s model: using Orb devices to scan irises and issue WLD tokens. Since rebranding to World, the project claims data protection via zero-knowledge proofs but has faced regulatory actions in Hong Kong, South Korea, Germany, Kenya and Taiwan, where iris data is deemed sensitive. WLD now trades around $0.94, down 45% over the past year and about 90% from its all-time high. Continued scrutiny from China may increase Worldcoin’s compliance costs, slow adoption and heighten volatility for the WLD token and similar biometric-crypto projects.

Michigan State Pension Fund has increased its ARK 21Shares Bitcoin ETF (ARKB) holdings from 100,000 to 300,000 shares as of June 30, boosting its position to $10.7 M vs. $4.1 M at Q1 close. This move reflects broader institutional interest in Bitcoin ETF products following the SEC’s January approval of spot Bitcoin ETF vehicles. Other public funds, including the Wisconsin Investment Board, have also disclosed new allocations to BlackRock and Grayscale Bitcoin ETFs. Bitcoin (BTC) trades around $113,000, up 21% year-to-date, as ETF inflows drive fresh demand. The trend highlights a regulated, passive route for institutions to gain crypto exposure without direct custody.

President Trump will sign an executive order directing federal regulators to probe crypto debanking for political bias in banking. The order tasks agencies to investigate potential antitrust, fair lending, ECOA and consumer protection violations by banks that engaged in crypto debanking or closed accounts of conservative groups. It mandates scrapping internal derisking policies and assigns the SBA to review loan guarantees for digital-asset and political businesses. The directive also questions banks’ cooperation in January 6 inquiries and data sharing with government agencies. SEC Commissioner Hester Peirce supports stronger privacy protections for private transactions. Traders should monitor this regulatory shift, as improved bank-crypto relations could enhance liquidity, reduce operational hurdles and support market stability.

Tokyo-based Metaplanet bought 463 Bitcoin on August 4 at an average price of $115,895. This raises its corporate treasury to 17,595 BTC (approx. $2.02 bn), making it one of the top public Bitcoin holders. Over the past year, Metaplanet’s dip-buying strategy grew reserves from under 1,000 to nearly 18,000 BTC. Arkham Intelligence data shows its treasury yield hit 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025 and 129.4% in Q2 2025, with a 24.6% return from July 1 to August 4. To reach its 210,000 BTC target by end-2027, Metaplanet plans to raise up to $3.73 bn via a perpetual preferred shares offering with dividends up to 6%. This mirrors MicroStrategy’s model but adds dividend obligations if Bitcoin weakens. Bitcoin’s price is now compressed around $114,400, facing resistance at the 200-day MA (~$115,300), the $115,724 level and the 50-day MA (~$116,442). Short-term bullish momentum is limited, but Metaplanet’s institutional accumulation may provide support. Traders will watch if Bitcoin can reclaim $115,724 and $116,442; failure could trigger a pullback to $112,200 or the psychological $110,000.

Justin Sun’s August 3, 2025 Blue Origin spaceflight aboard New Shepard not only made him the youngest Chinese-born commercial astronaut but also the first crypto entrepreneur in space. The privately funded NS-34 mission raised $28 million for Blue Origin’s Club for the Future and carried 1,000 messages from the Tron community, marking TRON’s first presence beyond Earth. Sun’s reflections on Earth’s fragility underscored environmental stewardship, while the record-setting flight elevated the visibility of the Tron network and enhanced TRX’s brand profile. However, despite the Justin Sun spaceflight’s extensive media coverage, there was minimal immediate impact on the TRX market or USDT liquidity. Historical trends suggest that high-profile space ventures boost public exposure without driving long-term price shifts. Industry experts point out that meaningful market movements are more likely to arise from future blockchain-space collaborations than from individual flights.

Blockchain intelligence firm Arkham has exposed the world’s largest Bitcoin hack at Chinese mining pool Lubian. On December 28, 2020, attackers exploited weak 32-bit entropy in Lubian’s Trust Wallet code to siphon 127,426 BTC—$3.5 billion at the time, now worth about $14.5 billion. They drained 90% of the pool’s reserves before Lubian transferred the remaining 11,886 BTC into recovery wallets. A further $6 million in BTC and USDT was stolen the following day. Lubian never disclosed the breach and quietly shut down in early 2021 amid regulatory crackdown rumors. Instead, it attempted to recover funds through over 1,500 small transactions. Arkham’s on-chain analysis reveals that private key generation failures, not regulation, caused the crypto hack. The stolen coins lay dormant until their consolidation into a single address in 2024, making the hacker the 13th-largest holder of BTC. This Bitcoin hack underscores critical vulnerabilities in wallet security and the urgent need for improved transparency and operational controls in centralized crypto platforms.

July crypto hacks surged as attackers stole $142 million across 17 incidents, marking a 27% rise from June. The largest breach hit CoinDCX, where malware on a developer’s laptop enabled a server-level hack that cost the exchange $44.2 million. Decentralized exchange GMX suffered a $42 million exploit, though the attacker returned $40.5 million days later. Other platforms including BigONE, WOO X and Future Protocol lost over $46 million in third-party and phishing attacks. These crypto hacks highlight growing exchange security gaps and DeFi vulnerabilities, as hackers shift from on-chain smart contracts to back-end infrastructure and social engineering. Traders should monitor exchange risk and on-chain activity, and strengthen employee device protection to mitigate future threats.

South Korea’s Financial Services Commission (FSC) and Financial Supervisory Service (FSS) will introduce new crypto lending guidelines in August to tighten oversight of leveraged lending. A joint task force, including regulators and the Digital Asset eXchange Alliance, will set leverage limits, define eligible users and assets, and mandate risk disclosures and transparency requirements. The new crypto lending rules address high-risk borrowing services on major exchanges like Bithumb and Upbit, which offer up to 4x collateral loans or 80% asset-value loans. Exchanges must review and adjust high-leverage products ahead of the second phase of the country’s virtual asset regulation. These crypto regulations draw on global best practices to curb speculation, enhance market stability, and strengthen investor protection. Meanwhile, the Bank of Korea is forming a Virtual Asset Team to advance CBDC, stablecoin, and broader crypto asset oversight.

Since its CoinMarketCap listing, Ruvi AI’s presale has raised over $2.6 million by selling 205 million RUVI tokens to more than 2,500 holders. Whales have snapped up 70% of Phase 2 at $0.015 each. The project combines blockchain and AI to deliver real-world utility, including AI-driven marketing tools, instant on-chain payouts and audience analytics. A CyberScope audit confirms its secure smart contracts. Phase 2 tokens remain at $0.015, with planned increases to $0.02 in Phase 3 and $0.07 at presale end, implying up to 5× short-term returns. Analysts forecast a $1 price post-exchange listing for a potential 66× ROI. VIP investment tiers reward large stakes with up to 100% bonus tokens. Purchases are streamlined via WEEX Exchange, lowering entry barriers. Strong presale metrics, whale activity and institutional interest signal bullish prospects for traders eyeing early entry.

NFT sales surged 47.6% month-on-month to $574 million in July, making it the second-highest monthly total of 2025. Driven by a 62% Ethereum rally to $3,900, the average sale price climbed to $113.08, a six-month high. Total trades fell 9% to 5 million, while unique buyers dropped 17% to 713,000 and unique sellers rose 9% to 405,000, indicating market consolidation around premium assets. NFT market capitalization jumped 21% to $8 billion. Top collections by volume included CryptoPunks ($69.2 million), Pudgy Penguins ($55.5 million) and Polygon’s Courtyard ($23.8 million), with Pudgy Penguins’ floor price up 65.4%. Meanwhile, NFT lending volumes collapsed 97% from $1 billion in January 2024 to $50 million in May 2025 as major platforms shut down. Traders should watch NFT market momentum and Ethereum price action for short-term opportunities and long-term asset consolidation trends.

Tornado Cash co-founder Roman Storm has been convicted by a US federal jury in the Southern District of New York for operating an unlicensed money transmitting service, while jurors deadlocked on charges of conspiracy to commit money laundering and violating North Korea sanctions. The 2023 DOJ lawsuit, overseen by Judge Katherine Polk Failla, alleges Storm’s protocol facilitated laundering over $1 billion—including funds tied to North Korea’s Lazarus Group. Prosecutors argued Storm knowingly profited from illicit use of Tornado Cash; Storm’s defense denied any intent to enable criminal activity. The split verdict underscores the risks faced by DeFi developers operating an unlicensed money transmitting service, with the DOJ indicating it may refile unresolved money laundering and sanctions charges. Legal experts warn the case signals broad federal risks for privacy-focused protocols, and the DeFi Education Fund argues non-custodial developers should not be treated as money services businesses.

Gate, a leading crypto exchange with 34 million users, has joined the Global Dollar Network (GDN) as a Tier 1 partner. Gate now lists the U.S. dollar–pegged stablecoin USDG on Ethereum, Solana and Ink blockchains. USDG is issued by Paxos and backed 1:1 by U.S. dollars or equivalent liquid assets under oversight from the Monetary Authority of Singapore (MAS), Finland’s FIN-FSA and the EU’s MiCA regulation. This move underscores Gate’s commitment to regulatory compliance and financial transparency. By supporting USDG trading, Gate aims to drive stablecoin adoption and expand its PayFi services, offering seamless cross-border payments and bridging centralized and decentralized infrastructure. Gate plans deeper USDG integration across its ecosystem in the coming months and will leverage GDN’s shared rewards model to boost liquidity, improve on/off ramps and enhance user engagement. This partnership marks a pivotal step in building resilient global PayFi infrastructure.

A Pantera Capital survey shows the share of workers paid partly in crypto rose from 3% in 2023 to 9.6% in 2024. Stablecoins account for over 90% of crypto payroll, led by USDC at 63% and USDT at 28.6%. Adoption of stablecoin payrolls is driven by improved on-chain rails, treasury tools and Asia-based teams. Companies increasingly offer hybrid compensation, letting employees split salaries between fiat and crypto for faster settlement, lower fees and seamless cross-border transfers. Token compensation is shifting to long-term incentives—88% of vesting schedules now span four years, up from 64% last year. Pay levels favor experience and technical skills over academic credentials; bachelor’s degree holders earn an average of $286,039, above master’s and PhD holders. Circle’s monthly reserve disclosures, regulatory transparency, a federal trust bank charter application, an ICE partnership and support from the bipartisan GENIUS Act further cement USDC as a compliant institutional payment solution.

Jupiter has launched Jupiter Lend, its decentralized lending platform on Solana, in private beta on August 6, 2025. Jupiter Lend, developed with DeFi partner Fluid, opens six risk-isolated vaults, each capped at $1 million, offering up to 95% loan-to-value ratios and a minimal 1% liquidation penalty. Borrowers can repay via simple wallet-link, while lenders access one-click Earn vaults with auto-optimized APY. One security audit is complete with three more underway. The public launch, slated for late August, will add Multiply Vaults, custom strategies, broader asset support and incentives from over ten ecosystem partners. Jupiter’s native token JUP climbed 12% on the beta news, reflecting bullish market sentiment.

On August 5, Coinbase’s Base Layer-2 network experienced a 33-minute halt from 06:07 to 06:40 UTC after its Conductor sequencer manager automatically failed over to an unprovisioned backup sequencer. The primary sequencer had slowed, triggering the failover and stalling block production without requiring a chain reorganization. This marks the third sequencer-related interruption since Base’s 2023 launch. With over $4.1 billion in total value locked (TVL), Base’s developers will tighten Conductor’s failover process, enforce configuration checks, upgrade the sequencer framework and onboard independent sequencers to avoid single points of failure and improve network reliability. Crypto traders should monitor Base Layer-2 sequencer health, adjust trading strategies and liquidity provisioning to manage potential transaction delays and fee fluctuations.