Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Circle reported strong Q2 2025 performance. USDC circulation rose 90% year-on-year to $61.3 billion by June 30 and reached $65.2 billion by August 10. Revenue and reserve income increased 53% to $658 million, while adjusted EBITDA climbed 52% to $126 million. Net loss widened to $482 million, driven by a $591 million non-cash IPO expense. The launch of the Circle Payments Network has onboarded over 100 institutions, enhancing cross-border payments. Circle also introduced Arc, a layer-1 blockchain that uses USDC as its native gas token. Partnerships with Binance, OKX, FIS and Fiserv further cement Circle’s market reach. Active USDC wallets holding more than $10 expanded by 68% to 5.7 million. On-chain USDC transaction volume surged to $5.9 trillion, a 5.4-fold increase from last year. As the second-largest stablecoin, USDC benefits from the US GENIUS Act, which mandates backing with cash or short-term government securities, boosting institutional confidence. Looking ahead, Circle aims to expand market share and drive real-world adoption of Arc and the Payments Network.

Crypto sentiment tracker Santiment reports that retail traders are selling Ethereum as it nears its ATH of $4,878 amid pervasive FUD on social media. Large whales are accumulating ETH, absorbing the offloaded supply and fueling the rally. On-chain data from Glassnode show short-term holders selling more actively than long-term investors, indicating possible pullbacks. Ethereum has surged 53% over the past 30 days and climbed 7.95% in the last 24 hours to about $4,622. Despite mixed forecasts—targets range from a near-term top to $10,000—the continued whale buying under low retail confidence supports a bullish outlook. Traders should monitor whale activity, retail sentiment, and on-chain metrics to gauge entry points.

Late Tuesday in US trade, Treasury Secretary Scott Bessent proposed a 50 basis point Fed rate cut in September. The announcement spurred a sharp altcoin rally across the crypto market. Investors had largely priced in a 25bp move. But the possibility of a 50bp Fed rate cut boosted risk assets. Ethereum led gains, jumping nearly 9% to above $4,600—a near five-year high. Cardano, Solana and Litecoin each gained about 8%, and XRP rose 3.5%. Bitcoin, by contrast, held near $120,000 as traders rotated capital into high-beta coins. The rally followed July US CPI data in line with estimates. Yet it was the Fed rate cut speculation that ignited speculative demand. A softer dollar and renewed bets on an accommodative Fed drove a surge in altcoin trading volumes. As Fed rate cut expectations peaked, the altcoin rally shows how rate policy fuels crypto volatility. Traders should watch evolving rate cues for near-term market shifts.

XRP jumped over 4% after Ripple Labs and the U.S. SEC jointly withdrew appeals, ending their five-year legal battle and removing a major market overhang. The Ripple-SEC settlement delivered legal clarity and sparked a 208% surge in daily trading volume to $12.4 billion, with peak hourly volume surpassing 209 million tokens. Institutional inflows dominated the session, driving volume spikes and underpinning a bullish technical structure above the $3.28 support level. Resistance clusters between $3.30 and $3.33 capped gains, though traders now eye a breakout toward $3.35–3.50. Enterprise updates, including Blue Origin’s XRP integration and SEC approval of Ripple’s enhanced Reg D exemption, could further boost demand. Short-term momentum will hinge on volume trends and whether XRP holds key support, while long-term market confidence may rise as regulatory uncertainty wanes.

XRP is trading near $3.30, testing long-term resistance at $3.31 after a rally from the $3.00 support zone. Volume has picked up around the resistance level, echoing the late-2017 accumulation phase but at a more measured pace. Key moving averages, including the 20-day EMA at $3.07 and the 50-day EMA at $2.81, offer additional support. A daily close above $3.31 could trigger targets at $3.50 and $3.70. Failure to break resistance may prompt a pullback toward EMA levels or the $3.16 support. Traders should monitor XRP’s resistance, support levels, and volume trends for breakout confirmation and entry points.

After peaking near $122,250, Bitcoin price corrected and is now consolidating below the $120,000 mark. It has held support around $118,600 on the hourly chart, where a bullish trend line intersects the 100-hour SMA. Immediate resistance sits at $120,250 and $120,850, with a decisive break above $120,500 potentially targeting $122,250, $124,000 and even $125,000. Conversely, failure to clear $120,500 could see Bitcoin price slide to $118,600, $117,800 or lower toward the critical $113,500 floor. Hourly technical indicators show the MACD losing bullish momentum and the RSI trading below 50. Traders should monitor the key levels at $120,000 and $118,600 for signs of the next directional move.

Bithumb has gone live with the TOWNS/KRW spot trading pair since August 8 at 06:00 UTC, providing direct KRW access to the Towns Protocol token. The new listing on one of South Korea’s leading exchanges opens deposits and withdrawals, simplifies fiat on-ramps, and is expected to boost liquidity. Increased KRW liquidity can narrow spreads and enhance price discovery. Past exchange listings often trigger short-term price momentum, making TOWNS a token to watch. Traders should research the Towns Protocol fundamentals, monitor TOWNS volatility, and apply risk management strategies such as stop-loss orders. Following official updates from Bithumb and Towns Protocol will help market participants optimize trading strategies around this significant listing.

Tokyo-listed Metaplanet and London-based The Smarter Web Company have acquired a combined 813 BTC, spending nearly $100 million to expand their Bitcoin treasuries. Metaplanet bought 518 BTC for $61.4 million at an average price of $118,519 per coin, raising its holdings to 18,113 BTC (≈$2.15 billion) and securing the sixth-largest corporate Bitcoin treasury. Smarter Web purchased 295 BTC for £26.3 million ($35.2 million) at $119,412 apiece, bringing its total to 2,395 BTC (≈$285 million) and ranking 23rd. Both purchases were funded via equity raises and Bitcoin-denominated bond offerings. These moves push total corporate Bitcoin holdings to over 791,662 BTC (about 4% of circulating supply), reflecting strong institutional demand. Analysts warn that concentrated large-scale Bitcoin treasury allocations may centralize risk and could prompt regulatory scrutiny. Traders should monitor institutional flows for potential short-term price support and long-term market impacts.

An unidentified crypto whale amassed 312,052 ETH (approx. $1.34 billion) across ten wallets over eight days, outstripping recent US spot Ethereum ETF inflows by $300 million. This strong accumulation coincided with record $1 billion ETF investments and could propel ETH toward its all-time high near $4,890, over 12% above current levels. Traders now await key US CPI and PPI reports ahead of the Federal Reserve’s September 17 policy decision — markets assign an 82% probability of unchanged rates. Ethereum’s Z-score at −0.06 indicates price movements within normal volatility. However, higher-than-expected inflation may curb risk appetite and stall gains, warns XBTO CIO Javier Rodriguez-Alarcón. While short-term holders are booking profits, continued corporate treasury purchases and ongoing whale flows remain critical catalysts for ETH’s near-term trajectory.

BitMine Immersion Technology and SharpLink Gaming have accelerated an institutional Ethereum treasury race. In mid-July, BitMine filed an at-the-market equity offering to raise $24.5 billion for ETH acquisitions, boosting its holdings to 12 million ETH (≈$5 billion). On the same day, SharpLink completed a $389 million share sale, allocating most proceeds to ETH purchases. Together, they control over 12.6 million ETH, making them the largest corporate ETH holders. This aggressive ETH accumulation has fueled a 21% weekly price rally, lifting ETH to $4,408, just 9% below its record high. Standard Chartered projects specialized treasury firms could hold up to 10% of Ethereum’s total supply, versus 1% in late July. The expanding Ethereum treasury race underscores growing institutional crypto adoption and may sustain bullish momentum, though traders should monitor treasury inflows and liquidation risks amid market volatility.

Metaplanet Inc. has boosted its Bitcoin reserves by acquiring 518 BTC for $61.4 million on August 12, 2025, at an average price of $118,519 per coin. The purchase raises its treasury holdings to 18,113 BTC, valued at roughly $1.85 billion. Led by CEO Simon Gerovich, the move forms part of Metaplanet’s long-term asset accumulation strategy. This corporate Bitcoin purchase underlines growing institutional confidence in digital assets as an inflation hedge and diversification tool. Traders should watch for potential price support and shifts in market liquidity as peer firms follow suit with similar treasury management policies. The acquisition may also strengthen Bitcoin’s market dynamics and investor sentiment in the near term.

On-chain data shows an Ethereum Foundation-linked address sold a total of 2,794.87 ETH over a two-hour period, raising approximately $12.78 million. The average sell price was $4,574.40 per ETH. In the final five minutes, the wallet offloaded 1,100 ETH at an average price of $4,602.10, netting about $5.06 million. The address still holds 1,500 ETH after originally receiving 20,756 ETH eight years ago. This large-scale ETH sell-off is one of the biggest transactions by a Foundation-linked wallet in recent months. Whale activity at this level often signals potential bearish pressure for the ETH market. Traders should monitor on-chain metrics such as transaction volumes, gas fees and exchange inflows to assess market impact. Market liquidity and order-book depth may show short-term volatility following this crypto whales move. Keeping an eye on price charts and blockchain explorers can help gauge further Foundation movements. Overall, this Ethereum Foundation sell-off underscores the importance of tracking on-chain data for informed trading decisions.

Cardano whales have accumulated 200 million ADA tokens, worth $157 million, over the past 48 hours, lifting their holdings to 10.3% of the circulating supply. The Cardano whale accumulation mirrors 2021 patterns that preceded a parabolic rally. Polymarket data shows spot ADA ETF approval odds have climbed from 60% to 75%, potentially unlocking institutional capital flows. On-chain metrics and technical analysis highlight key resistance at $0.82–$0.83, with upside targets at $0.93 and $1.00, while support holds at $0.70, backed by rising weekly lows and $1.44 billion in open ADA derivatives interest. Together, the surge in Cardano whale accumulation, reduced supply, rising ETF approval odds, and bullish technical indicators point to bullish momentum for ADA. Traders should watch whale wallets, ETF updates, and resistance breaches to gauge potential price rallies or retracements to support levels.

David Bailey, CEO of Nasdaq-listed Bitcoin firm Nakamoto, announced a single bid to purchase $760 million of Bitcoin after a two-week social-media countdown that initially targeted $1 billion. The funding comes from Nakamoto’s recent merger with Nasdaq-listed KindlyMD and $710 million in capital commitments. Execution details—whether via an over-the-counter desk, block trade, or exchange order—remain unconfirmed, sparking speculation about slippage, counterparties, and market impact. The Bitcoin purchase echoes MicroStrategy’s strategy to build corporate reserves. With BTC trading around $119,200, traders are closely watching liquidity, volatility, and disclosures on custody and funding ahead of the block trade.

Stablecoin supply reached a record $271.1 billion in August 2025, driven by network-specific shifts in liquidity and regulatory positioning. USDC now leads Ethereum transfers, averaging $20 billion in daily ERC-20 volume thanks to its deep DeFi integration and transparent reserves. USDT’s Ethereum activity trails at $12–$15 billion but sees stronger retail inflows on TRON and BSC, with TRC-20 transactions topping one million over seven days. DAI holds about 26% of Ethereum stablecoin transfers, maintaining third place in the market. Meanwhile, USD1 emerged under the U.S. SEC-approved GENIUS Act, minting $23 million on August 6 as a regulated entrant. This evolving stablecoin landscape underscores a split in dominance: USDC on Ethereum’s DeFi ecosystem versus USDT on lower-fee networks. Traders should monitor on-chain stablecoin transfer volumes, exchange deposit patterns, reserve transparency, and regulatory developments. These indicators will be key to anticipating future stablecoin flows and market impacts.

Ex-Google CEO Graham Cooke has reassured crypto traders that recent quantum computing advances, including Microsoft’s Majorana 1 chip and Google’s Willow processor, pose no immediate threat to Bitcoin security. While tech giants aim to scale qubit counts rapidly, practical attacks on Bitcoin require stable, error-corrected logical qubits in the hundreds of thousands to millions. Cooke highlights Bitcoin’s robust cryptography and 24-word seed phrase keyspace (approx. 10^77 combinations), which remains unbreakable within any foreseeable quantum computing breakthrough. This clarification on Bitcoin security against quantum computing threats maintains market stability and reassures traders that current quantum progress is unlikely to undermine crypto markets in the near term.

On August 13, Ethereum (ETH) briefly surged past both the $4,500 and $4,600 key resistance levels on OKX, peaking at $4,622.31 for a 3.36% gain. The break above $4,600, building on earlier strength above $4,500, signals renewed bullish momentum. Trading volume remained robust, underscoring strong market interest. Traders now eye the next resistance zone at $4,700–$4,800, with key support anchored at $4,600. Short-term traders may look for pullback entry opportunities, while long-term holders will monitor sustained support above $4,600 to confirm trend continuation.

Musk’s AI firm xAI has officially filed an antitrust lawsuit against Apple, accusing the App Store bias toward OpenAI’s ChatGPT and limiting visibility of rival apps like Grok and the X app. In an August 12 post, Musk highlighted that ChatGPT leads the US Top Free Apps chart, while Grok sits sixth and neither Grok nor the X app appears in Apple’s ’Must Have’ section. He argues that this App Store bias violates competition rules, significantly impacting download volumes and market opportunity for emerging AI apps. xAI seeks a court order to force Apple to treat all AI apps fairly and overhaul its ranking policies. The dispute follows OpenAI’s GPT-5 launch and Apple’s integration of ChatGPT into iOS, iPadOS and macOS, a move Musk previously warned posed security risks. Traders should monitor this high-profile clash—antitrust outcomes and App Store policy changes could affect tech sector valuations, app monetization models and the broader AI ecosystem.

Ex-Binance executive Ryan Horn has joined Hilbert Group as an advisor to launch Syntetika, an onchain platform for tokenized assets and funds. The platform uses Galactica’s zero-knowledge system for user verification without disclosing personal data. Syntetika will offer regulated access to algorithmic trading strategies through tokenized assets, with 24/7 settlement and enhanced liquidity. The move reflects a broader tokenization trend as US and European firms like Goldman Sachs, BNY Mellon and eToro roll out tokenized products, and platforms such as Robinhood and Coinbase expand tokenized stock trading. Horn’s expertise in regulatory compliance and product development will help position Syntetika at the forefront of digital asset innovation. Traders should watch the platform launch for new liquidity opportunities in tokenized assets.

Ethereum ETFs saw record inflows of over $1 billion in a single day, surpassing the prior $726.6 million high. BlackRock’s iShares Ethereum Trust led the surge with $640 million, while ProShares and VanEck products also posted strong gains. Nine Ethereum ETFs now manage more than $10 billion in assets, highlighting growing institutional investment and market confidence. The rush into these funds triggered a sharp price rally in ETH. Initially, the price climbed to around $3,300 and later surged to approximately $4,500, just 8% below its 2021 all-time high. Continued Ethereum ETF inflows and the prospect of US approval for spot ETFs could sustain bullish momentum in both the short and long term.

Ethereum’s 180-day moving average of new smart contracts hit a record high after the 2025 Pectra upgrade, which boosted throughput to 100,000 TPS and cut gas fees by 90%. This surge reflects growing developer activity across DeFi, NFTs and enterprise applications. On-chain data shows aggressive whale accumulation. Large holders increased net ETH by 36.6% in the past week and 457.7% over 30 days. Spot exchange inflows totalled $21.6 million, signaling possible profit-taking and selling pressure. Derivatives markets remain balanced, with longs at 50.4% and shorts at 49.6%, indicating trader caution. Traders should monitor smart contract deployments, whale netflows and daily exchange inflows to gauge Ethereum momentum and potential price rally.

Chainlink price jumped over 8% in 24 hours to a six-month high of $24.07. The rally coincided with its Total Value Secured (TVS) topping $93 billion, up 90% year-to-date. Recent protocol upgrades have driven demand: Chainlink launched Data Streams for US equities and ETFs, and rolled out the on-chain Chainlink Reserve, which has added over $1 million in LINK from off-chain revenues. The network also partnered with ICE to provide real-time on-chain FX and precious metals pricing. Traders may view these developments—alongside past highs near $30 in December and the May 2021 ATH at $52.88—as indicators of sustained adoption and bullish momentum for LINK.

ATOM price traded within a $4.47–$4.60 range over 24 hours, reflecting ongoing consolidation. Institutional trading drove heavy volumes on August 11–12, pushing ATOM price down from $4.65 to $4.45 before rebounding. A 1.93 million ATOM volume spike signaled renewed demand, while resistance held at $4.60 and support at $4.47–$4.48. The token later slipped 1% in the final hour, confirming profit-taking. This price consolidation follows earlier intraday volatility, where ATOM price ranged from $4.48 to $4.77 and staged a late-session breakout above $4.53 to set new support at $4.54. Trading volumes surged, driven by institutional interest, and market sentiment improved after Coinbase listed dYdX on the Cosmos blockchain. Crypto traders should monitor ATOM price levels at $4.60 and $4.47 for clear trading signals. With enhanced institutional flows and a strong volume profile, the current pattern suggests accumulation ahead of potential upside toward $5.48 in 2025.

Steak ’n Shake began accepting Bitcoin payments on May 16 across its US, France, Monaco and Spain outlets. Within two weeks, the chain cut transaction fees by 50% and reported a 10.7% quarter-on-quarter same-store sales rise in Q2 2025 – outpacing rivals like McDonald’s and Taco Bell. On launch day, its locations accounted for 0.2% of global Bitcoin transactions, reaching over 100 million customers. The trial underscores growing retail adoption of Bitcoin payments, echoing earlier initiatives such as Overstock’s 2014 pilot and luxury brands’ crypto integrations. Despite only about 2,300 US merchants accepting Bitcoin today, surveys show rising consumer interest. Reduced processing costs, new customer segments and high average crypto order values suggest long-term gains for retailers and bullish trading sentiment for Bitcoin.

Bitcoin price rallied in early August, first briefly surpassing $117,000 on OKX on August 10 (reaching $117,017.30, up 0.11%) before climbing to $120,104.90 on August 13 (up 0.14%). These consecutive price milestones underscore growing bullish momentum and establish strong psychological support at $117K and $120K. Trading volume remains moderate, but momentum traders may drive further gains as Bitcoin tests these key resistance levels. Broader crypto market trends are mixed, yet Bitcoin’s steady advance could pave the way for additional upside or potential consolidation if it fails to hold above support.

XRP has surged over 550% since November, breaking out from a seven-year double-bottom pattern above the $1.80 neckline and retesting support. Technical analyst Gert van Lagen projects a measured move to $34 by mid-2026 on this bullish setup. The rally is underpinned by positive developments in the Ripple lawsuit, exchange relistings and a 95% probability of a spot XRP ETF approval. However, onchain metrics signal valuation risks: the XRP Ledger’s market cap-to-TVL ratio stands near 2,200 versus Ethereum’s 5.6, and more than 95% of circulating XRP is in profit, heightening profit-taking pressures. Traders should balance the bullish technical breakout and ETF optimism with onchain imbalances when planning near-term positions and long-term targets.

FG Nexus, rebranded as FGNX, raised $200 million via private placement to accumulate 47,331 ETH, targeting a 10% stake in circulating Ethereum. The initiative began on July 30 with a symbolic 6,400 ETH purchase marking Ethereum’s genesis anniversary. FGNX plans to generate recurring yields by staking and restaking its ETH reserves, defining “ETH Yield Per Share” as a core metric, and exploring DeFi opportunities in tokenized real-world assets and stablecoin yields. Institutional partnerships with Anchorage Digital and Galaxy ensure secure custody and facilitate structured trading and asset management. This strategic move aligns with corporate crypto treasury diversification amid Ethereum’s recent 47% price rally, reflects growing institutional interest, and may bolster market confidence by setting a new benchmark for large-scale ETH staking.

XRP price rebounded from the $2.8 support and is now challenging the key $3.6 resistance zone. On the daily chart, the 0.5 Fibonacci retracement level has drawn buying interest, fueling a push toward $3.4–$3.6. A breakout above $3.6 on strong volume could trigger a short squeeze and propel XRP price toward the $4 psychological mark. On the 4-hour timeframe, XRP price formed a bullish flag and briefly broke out before retreating to around $3.20. Traders should watch volume and price action near $3.6 to gauge whether a decisive breakout or short-term consolidation will follow.

Analysts forecast Ethereum price to climb from around $4,000 to $6,800 by end-2025, driven by sustained ETF inflows, Layer 2 scaling growth, rising on-chain metrics, whale accumulation, and renewed institutional demand. The Ethereum price is trading within a long-term ascending channel, where a decisive break above key resistance could accelerate its rally, supported by positive funding rates and robust DeFi and staking activity. Meanwhile, Remittix (RTX) nears a $20 million presale, having raised $18.7 million at $0.0922 per token, and plans to lock liquidity for three years to curb volatility. The project will launch a beta wallet on September 15, 2025, enabling instant crypto-to-fiat payouts across 30+ countries with built-in FX conversion and zero exchange delays. A 40% token bonus and a planned first CEX listing at the $20 million milestone are cited as catalysts for potential 40–50x returns by 2026. Traders seeking rapid, outsized gains may diversify into Remittix while retaining ETH for steadier long-term growth.