Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

An EIP-7702 phishing exploit on Ethereum used a fake Uniswap interface to trick a user into approving a deceptive wallet signature, granting delegation under EIP-7702. The attacker performed rapid, Uniswap-like batch token swaps and transfers, draining approximately $1 million from the victim’s wallet. Security researchers at SlowMist highlight that a single EIP-7702 phishing delegation signature can permit broad token operations without further confirmations. This incident underscores urgent needs for improved wallet-side validation, clearer signature prompts, and regular permission audits. Traders should immediately revoke suspicious approvals, migrate assets to secure wallets, and enable hardware confirmations to mitigate EIP-7702 phishing risks.

The latest Dogecoin price prediction is turning bullish after a 10% rally that lifted DOGE to $0.2365, consolidating near $0.24 support. Updated Dogecoin price prediction data highlights heavy whale accumulation in August, with large holders adding 680 million DOGE (~$150m). Open interest in DOGE futures stands at $3bn, while on-chain metrics—8 million unique addresses and a stable NVT ratio of 1.5—suggest sustained demand without excessive froth. Analysts now target longer-term prices of $0.41 and $0.95, driven by ongoing ETF speculation and institutional developments such as a Trump-linked $50m mining operation and Wyoming-backed stablecoin launches. Traders are also eyeing meme tokens PEPE and PENGU alongside utility-focused Remittix (RTX). Remittix’s PayFi platform supports cross-border transfers across 40+ cryptocurrencies and 30 fiat currencies, backed by a Q3 2025 wallet beta and a CertiK audit. After selling 616 million tokens in a $21 million raise, RTX trades at $0.0969, offering a real-world utility play for 2025. Diversification into these tokens may capture early-stage gains ahead of next year.

Linekong Interactive founder Wang Feng suggested that Bitcoin appears to have decoupled from its traditional halving cycle and is increasingly moving in tandem with the US stock market and broader economic trends. He also noted that Ethereum and the wider cryptocurrency market could follow a similar trajectory. This shift implies growing macro correlation, which market participants should monitor using metrics like correlation coefficients, realized volatility, on-chain flows, and beta against equities. Traders and institutions are advised to employ robust risk management strategies—including diversification, dynamic allocation, and liquidity stress testing—to adjust position sizing and hedging based on monetary policy and liquidity conditions.

Dogecoin Foundation director Timothy Stebbing has launched Project Sakura, a proof-of-stake (PoS) concept test aimed at boosting Dogecoin’s transaction speed by up to 1000x. In response to recent 51% attacks on proof-of-work networks like Monero (XMR), Stebbing emphasized that Project Sakura is not a mandate but an experimental proposal for future Dogecoin protocol upgrades. The initiative prioritizes decentralization and community-driven governance, allowing developers to debate PoS features through code audits, pilot deployments on Dogebox, and community reviews. While no immediate protocol change is planned, traders should follow Project Sakura’s testnet results and community discussions. Insights from this PoS trial could influence Dogecoin’s long-term scalability, network economics, and consensus model.

Bitcoin charts signal a potential breakout near $127K after forming a double-bottom around $112K–$124K. Technical analysis highlights an inverse head-and-shoulders pattern with a neckline break and retest near $113K. Futures sentiment turns positive after a five-day negative streak, easing bearish pressure. Price consolidation between $112K and $124K suggests short-term stability and sets the stage for a bullish Bitcoin breakout. Historical double-bottoms in April and June preceded rallies of 50% and 25%, respectively. Traders should watch the retest zone and momentum indicators for confirmation of a sustained upswing.

SpaceX currently holds around 8,285 BTC, valued at over $950 million according to Arkham data. The company acquired this Bitcoin stash over multiple on-chain transactions in recent years. Meanwhile, SpaceX plans its next Starship heavy-lift rocket test on August 24 local time, marking the vehicle’s tenth flight attempt. Previous Starship launches ended in booster explosions or spacecraft disintegration. This dual development highlights both SpaceX’s expanding crypto portfolio and its resumed efforts to advance reusable rocket technology.

An on-chain whale sold 123,500 LINK at an average price of $25.36, converting it into 3.13 million USDC. The whale then transferred these USDC via Trust Wallet into DeFi lending platforms Compound and Aave to earn yield. Despite the sale, the whale still holds 425,000 LINK—now valued at roughly $10.8 million—highlighting a strategy of profit-taking and capital rotation into stablecoin yields. Traders should watch for potential short-term pressure on LINK price alongside shifts in DeFi liquidity as large-scale whale activities often signal broader market sentiment.

OKX has listed WLFI pre-market perpetuals, allowing traders to open no-expiry contracts with up to 5x leverage. The OKX pre-market perpetuals provide early exposure to the World Liberty Financial token, giving users a chance to trade WLFI before its full market debut. This move taps growing demand for leveraged trading and supports a DeFi project gaining traction in 2025. Tristan Tate of the Tate brothers reshared OKX’s announcement, adding momentum and drawing attention to WLFI perpetual contracts. With a scheduled token unlock on September 1, the listing offers liquidity and flexibility for both hedgers and speculators. This launch is likely to drive WLFI volume and price, highlighting OKX’s push into advanced derivatives.

XRP price rebounded sharply from the $2.80 support, preserving its bullish structure and signaling a potential move toward $3.20–$3.50. Short-term 26- and 50-period EMAs converged near $2.80, reinforcing the technical floor. Rising on-chain metrics—higher transaction counts and new account activations—underscore genuine demand and reduce the odds of a purely speculative spike. Traders should watch for a break above the $3.00 psychological barrier and sustained volume to confirm further upside. A breach below $2.80 on rising volume would raise the risk of a deeper correction. Key levels: $2.80 support, $3.00 resistance, $3.20–$3.50 medium-term target.

Technical fractal patterns in Avalanche (AVAX) and Starknet (STRK) signal a potential bullish breakout. In Avalanche technical analysis, AVAX sees a 3.31% one-month pullback and a 5.81% weekly gain, trading between $17 and $27 with resistance at $32/$43 and support at $12/$1.50. RSI sits at 56, reflecting balanced momentum. STRK faces a 5.72% monthly drop and a 6.46% weekly rise, range-bound from $0.097 to $0.146, with resistance at $0.177/$0.226 and support at $0.078/$0.029. RSI at 54.4 and neutral momentum suggest opportunity for buy-the-dip and sell-the-rally strategies. Crypto traders can leverage these emerging fractal signals and key levels in AVAX technical analysis and STRK technical analysis to plan precise entries and exits amid possible upward momentum.

Arthur Hayes, co-founder of BitMEX, forecasts Ethereum will surge to $10,000–$20,000 this cycle. He cites two main drivers: the upcoming GENIUS Act and growing institutional adoption. The GENIUS Act, set to take effect this fall, enforces stablecoin issuers to back tokens with liquid assets and enhances market security. Meanwhile, public companies now hold nearly 2.8 million ETH (2.31% of total supply), highlighted by BitMine’s $7.2 billion stake. These developments support a bullish Ethereum price prediction. Hayes believes breaking past Ethereum’s all-time high could trigger the next altseason. He highlights three altcoins poised for growth: 1. Bitcoin Hyper (HYPER): A Layer-2 solution boosting Bitcoin speed and scalability. Its presale raised $11.8 million, with a 2030 price target of $1.50 (11,600% gain). 2. Snorter Token (SNORT): Powers a Telegram bot for rapid token sniping. Presale targets $0.94 by end-2025 (818% increase). 3. Altura (ALU): Offers NFT and marketplace tools for game developers. ALU surged 87% in 24 hours with strong volume and 93% positive sentiment. These factors may drive both Ethereum and top altcoins higher. Traders should monitor legislative updates and institutional flows but perform their own research before investing.

Shiba Inu and Algorand are trading in defined ranges with mixed short- and long-term trends, but emerging fractal setups signal potential breakouts. Over the past month, Shiba Inu fell about 14% yet gained 3% in the last week, oscillating between $0.00001 support and $0.00002 resistance. Algorand’s price dipped 10.13% monthly but stayed stable over six months, trading between $0.16 and $0.33. Key technical indicators—the Awesome Oscillator, RSI near 50, and momentum readings—suggest balanced sentiment. Traders may employ range-trading strategies, buying dips at support and taking profits near resistance levels. A decisive move above resistance or below support could trigger significant volatility. With fractal patterns hinting at strong directional moves, monitoring these levels can help traders time entries and exits effectively.

Solana (SOL) surged to a seven-month high of $211 on August 24 before settling at $209, marking monthly and weekly gains of 16.9% and 8.2%. Large whales withdrew 20,000 SOL ($4.09 M) from Kraken to Kamino for a $3 M USDC loan, then moved funds to OKX, signaling strategic DeFi leveraging. Whales dominated futures markets with four consecutive days of “Big Whale Orders” and pushed open interest to an all-time high of $12.9 B, up 5.14%. The long/short ratio reached 1.02, indicating 50.6% of contracts are longs as traders bet on further upside. However, spot netflow spiked to a three-month high of $76 M in exchange deposits, pointing to increased profit-taking and potential downward pressure. Technical indicators also turned bullish: the Directional Movement Index crossed above 29 and the Relative Vigor Index rose to 0.056. If whale-driven futures demand continues, SOL could test the $223 resistance before month-end; a loss of momentum and sustained profit-taking could trigger a pullback toward $186.

Recent harmonic patterns indicate a bullish momentum building for leading altcoins. XRP and Chainlink have shown strong recovery: XRP dropped 13% last month but rose 20% over six months, trading between $2.23 and $3.74. Key resistance sits at $4.46 and $5.97, with support at $1.43 and an RSI of 51.4 signaling balanced sentiment. XRP and Chainlink continue to attract attention. Chainlink surged 20.6% weekly, 38% monthly and 53% in six months, trading between $13.00 and $20.56. Resistance is at $24.18, support at $9.12, and the RSI of 66.1 nears overbought. Traders may target breakouts above resistance or buy on dips toward support.

Crypto strategist Levi Rietveld highlighted a new U.S.-EU trade agreement that doubles U.S. auto tariffs on European cars from 25% to 50% while securing a $750 billion investment into the U.S. Rietveld explained that, although the higher tariffs may reduce long-term revenue, the upfront financial injection balances out potential losses and strengthens U.S. economic positioning. He also noted the shift of economic pressure onto EU policymakers, sharing the burden between governments and auto manufacturers. While his analysis focused on macro trade dynamics, his tweet reference to XRP suggests possible links between major policy shifts and digital asset capital flows. Traders should monitor how these regulatory and fiscal changes might influence XRP liquidity, broader market sentiment, and cross-border funding trends.

On August 24, Onchain Lens reported a whale deposited 1.56M USDC into Hyperliquid. The whale then opened a 1x leveraged long on WLFI. This marks the trader’s first on-chain move in eight months. The sizable USDC transfer to Hyperliquid signals renewed bullish interest. Traders should monitor WLFI open interest and price volatility. The moderate 1x leverage suggests cautious positioning. Further whale activity could drive short-term WLFI market shifts.

XRP price predictions vary widely among pro-XRP influencers. After a high of $3.65 and recent support at $3, analyst @Cobb forecasts a rally to $20. John Squire cites a Gemini projection that if XRPL secures 20% of tokenized RWA by 2026, XRP price could hit $134.5 as market cap reaches $8 trillion. Conversely, analyst Ali Martinez offers a more conservative view, predicting a rebound to $3.6 in the near term. These forecasts highlight both bullish long-term scenarios tied to RWA adoption and short-term technical setups. Traders should weigh the $3 support level, monitor reversal signals, and consider realistic price targets before positioning.

Bitcoin transaction fees (14-day SMA) on-chain data from Glassnode have dropped to 3.5 BTC, a level last seen in late 2011. This sharp decline in fees signals weakening demand and may foreshadow further downward pressure on Bitcoin’s price. Technical indicators show BTC failing to hold above its 50-day EMA, a bearish sign suggesting sellers outweigh buyers. The next critical support lies at the 100-day EMA, around $111,000–$112,000. A breakdown below this zone could intensify the correction and drag altcoin markets lower. Meanwhile, the RSI is trending downward, reinforcing the negative momentum. Traders should watch for a decisive move at $111K: a rebound could restore confidence, while a breach may trigger a deeper corrective phase. Keep an eye on trading volume for confirmation of buyer or seller dominance. For now, Bitcoin remains at a pivotal juncture, and market participants must monitor these on-chain metrics and moving averages to gauge the next trend.

WuffiTap has launched on Telegram’s Open Network (TON), offering a gamified social mining experience. The Tap-to-Earn game rewards users with PAWs for screen taps. Players can boost earnings via Strength, Energy, and Potion upgrades, or use daily Nitro Taps and Instant Fill bonuses. An automated TapBot handles tapping for up to six hours. WuffiTap’s season-based structure features leaderboards and a 500 billion WUF prize pool in Season 1. Purchases of in-game boosts with TON are used to buy and burn WUF tokens, reinforcing scarcity by reducing the circulating supply, already 16 trillion WUF strong. In the first 24 hours, over 50,000 real players joined. Strict anti-bot filters ensure fair play. Learn more at Wuffi.io or follow on X.

Bitcoin is approaching a critical medium-term support level at the 100-day exponential moving average (EMA) around $111,000–$112,000. Failure to hold this zone could accelerate the current correction and increase downside pressure on altcoins. On-chain data from Glassnode shows Bitcoin’s daily transaction fees (14-day SMA) have fallen to approximately 3.5 BTC, the lowest since late 2011, signaling weakening demand. Technical indicators highlight a recent rejection at the 50-day EMA, sliding RSI readings and declining buyer volume, all of which favor sellers. Traders should monitor daily closes relative to the 100-day EMA, on-chain metrics and volume patterns to manage risk and prepare for potential deeper retracements if support gives way.

Bitcoin traded between $111,000 and $117,000 this week, marking a 5% gain over 90 days. Spot Bitcoin ETFs saw a net outflow of 2,400 BTC over the past seven days. Despite the outflow, seven-day average trading volume remained high at 545,000 BTC per day, reducing distribution pressure on institutional holders. On the macro front, Federal Reserve signals suggest potential easing ahead. Falling yields have supported Bitcoin’s price, although tariff risks and rising input costs pose headwinds. Market indicators place Bitcoin in a late bull market phase, with measured consolidation pointing to resilience. Traders should watch ETF flows and macro trends for short-term moves while considering the broader bullish momentum.

The US Treasury is evaluating whether to embed identity verification checks directly into decentralized finance (DeFi) smart contracts. Critics warn this proposal could undermine DeFi’s permissionless infrastructure by transforming neutral protocols into government-approved systems. Ubuntu Tribe CEO Mamadou Kwidjim Toure likens it to “installing cameras in every living room,” arguing it strips away core DeFi freedoms. Proponents counter that integrating KYC/AML compliance on-chain would simplify regulatory adherence and bar illicit actors. As the debate intensifies, traders should monitor potential shifts in DeFi protocol usage, liquidity flows, and platform governance models. The move signals a broader push toward on-chain compliance, with possible repercussions for DeFi token valuations and network adoption.

CITIC Securities’ report highlights that Fed Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium increased the odds of a September Fed rate cut, sending the USD index sharply lower. Powell underscored the dual challenges of persistent inflation and a cooling labor market, with the latter posing downside economic risks. The report now forecasts a significantly higher probability of a Fed rate cut in September, which could weaken the dollar and bolster risk assets, including cryptocurrencies. Crypto traders should monitor USD index movements and rate-cut expectations as potential catalysts for market shifts.

Crypto analyst CryptoBull (@CryptoBull2020) sees XRP poised to more than double to $7–$8 within weeks. His technical analysis highlights a months-long rounded bottom from January through August, capped by a symmetrical triangle pattern near the $3 level on the daily Bitstamp chart. XRP currently trades above its rising 200-day moving average, supporting a bullish continuation thesis. A confirmed breakout above the triangle’s upper trendline, ideally on rising volume, would target prior highs and pave the way toward the $7–$8 zone based on measured-move logic. Key risk lies in a daily close below the triangle’s lower boundary and the 200-day average, which would invalidate the bullish setup. Traders are advised to watch for a clear breakout signal and volume confirmation, while maintaining strict risk controls around the $3 support area.

Bitcoin dominance dropped by 2.35% to 58.23%, its lowest level since January, as altcoin market caps gained ground. COINOTAG data for August 24 shows the total crypto market cap edged up 0.24%. Excluding Bitcoin, TOTAL2 climbed 3.69%, while TOTAL3, which excludes Bitcoin and Ethereum, rose 1.48%. The shift in market share highlights growing capital flows into a broader range of altcoins. Traders tracking crypto market cap metrics may adjust portfolio allocations and index weights. Historically, a decrease in Bitcoin dominance often signals an altcoin rally. Market participants should watch for potential trading opportunities across high-cap and emerging altcoins.

Boston Fed President Susan Collins cautioned that the next Fed interest rate decision is far from certain, underscoring that policymakers have not finalized their stance on the Fed interest rate decision process. Speaking at the Jackson Hole Economic Symposium, Collins described current monetary policy as “moderately restrictive” and stressed the need to balance slower labor market growth against persistent inflation risks. She flagged upcoming data over the next four weeks—especially employment figures and tariff-driven price pressures—as critical inputs for any rate decision. Collins warned that tariffs on intermediate goods may keep inflation elevated through year-end, despite mixed employment indicators. “Nothing is certain right now; all options are on the table,” she said, signaling that a rate cut is not assured.

US Treasury has launched a consultation under the GENIUS Act to embed DeFi ID verification directly into smart contracts for built-in KYC and AML compliance. Proponents say on-chain DeFi ID checks streamline compliance, unmask illicit activity and prevent money laundering in permissionless finance. Critics warn protocol-level DeFi ID verification undermines pseudonymity, turning neutral protocols into surveillance tools, and could lead to censorship, wallet blacklisting and exclusion of the unbanked. Industry experts propose privacy-preserving alternatives, such as zero-knowledge proofs and decentralized identity standards, to verify eligibility without exposing full identities. As the Treasury evaluates these measures, the debate underscores the tension between regulatory compliance and permissionless DeFi principles — a key factor for market adoption and trader confidence.

Ethena Labs has expanded USDe collateral to include BNB, XRP and HYPE. The USDe collateral update aims to boost liquidity and diversify backing ahead of a strategic $20 billion USDe supply target. USDe supply climbed 140% to $11.8 billion after previous expansions. New assets must meet institutional liquidity criteria, such as minimum market depth, cross-exchange turnover and stress-tested volatility controls. Ethena also applies dynamic haircuts on volatile assets to protect the USDe peg under market stress. By broadening the USDe collateral pool, Ethena seeks to balance growth with risk management and peg stability. Traders should monitor changes in collateral composition and liquidity buffers as USDe expands toward its $20 billion target under stringent institutional standards.

This week, U.S. Federal Reserve’s hawkish statements on interest rates and inflation triggered significant crypto volatility, sending Bitcoin and Ethereum into sharp price swings and spiking network fees. Amid market turbulence, memecoin mania returned as a new Shiba Inu spin-off shot up over 300% after a social media mention, while Dogecoin and PepeCoin rallied into the top 100. Regulatory developments also weighed on sentiment: a major crypto exchange faced fresh SEC scrutiny in court, though one firm secured a minor victory, highlighting ongoing legal uncertainty. Internationally, Japan explored a digital yen, South Korea intensified crypto tax enforcement, and European regulators advanced anti-money laundering measures under MiCA. Other notable events included Solana’s network outage, Polygon’s retail partnership fueling NFT speculation, and a boost in AI-focused tokens following OpenAI announcements. The blend of Fed policy, regulatory shifts, global adoption moves, and meme-driven rallies underscores the complexity of the current crypto landscape and suggests continued volatility ahead.