Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Analysts say XRP support at $2.8 is critical for the token’s short-term trend. Fail to hold this level, and XRP could slide deeper, mirroring other altcoins’ pullbacks. Joe Swanson notes repeated tests of the $2.8 area, with a failure below this mark invalidating recent gains and risking a 6% drop. EGRAG Crypto counters that levels down to $2.65 remain intact, leaving the market neutral until a breach below $2.65 or climb above $3.65. CryptoInsightUK is more bullish, highlighting strong liquidity between $3.1 and $3.7 that could fuel a rally toward $4.2. Despite SEC case resolution and spot ETF updates, XRP support at $2.8 stands as a key indicator. Traders should watch this threshold to gauge market direction and manage risk.

Brave researchers have identified a critical Perplexity Comet flaw that exposed user session tokens, API keys and chat histories to potential attackers. The vulnerability resided in the Comet browser extension’s unprotected endpoints, allowing unauthorized parties to intercept requests and harvest sensitive data. Perplexity AI has released an update to patch the issue, but traders who used Comet for blockchain queries are advised to uninstall or upgrade immediately, rotate any compromised API credentials and audit access logs. While no direct wallet keys were leaked, the breach could reveal on-chain research queries and trading strategies. Crypto traders should remain vigilant for unauthorized activity and monitor related services for further security advisories.

XRP experienced recent volatility, surging to $3.04 before retreating to around $2.90 amid sell-offs. In response, many holders are turning to OurCryptoMiner’s cloud mining contracts for stable yields. The platform’s on-chain protocol automates daily profit settlements, with top participants reporting up to $17,500 in a single day. New users benefit from a $12 signup bonus and earn $0.60 per day. OurCryptoMiner supports multiple cryptocurrencies (XRP, BTC, ETH, DOGE, SOL, USDC, LTC, USDT) for deposits and withdrawals, operates transparent pricing with no hidden fees, and uses green energy for carbon-neutral mining. Contracts range from $100 to $55,000, offering daily returns of 0.4% to 1.93% over 2 to 50-day cycles. Serving over 3.6 million users across 190+ countries, the platform emphasizes security, transparency, and environmental sustainability.

Bitcoin price fell under $110,500 on Monday after a whale sale of 24,000 BTC and thin market liquidity. The Bitcoin price crash triggered over $900 million in crypto futures liquidations. According to CoinGlass data, Ethereum led with about $320 million liquidated, while Bitcoin accounted for $210 million. Long positions made up 90% of the crypto liquidations. Altcoins including Solana, Dogecoin and XRP dropped between 6% and 10%. Renewed doubts over near-term interest rate cuts and concentrated selling intensified volatility. Traders should monitor liquidation trackers, on-chain flows and macro events to manage risk.

Sequans Communications, a Nasdaq-listed semiconductor company, has launched a $200 million at-the-market (ATM) equity program to fund additional Bitcoin purchases. The firm already holds 3,072 BTC and will sell new shares directly into the market over time, using the flexible ATM structure to reduce underwriting fees and adjust to favorable price conditions while minimizing dilution. This move is part of a broader treasury diversification strategy aimed at hedging against inflation, optimizing the balance sheet, and demonstrating confidence in digital assets. Sequans’ strategy parallels similar initiatives by firms like MicroStrategy and highlights growing corporate adoption of Bitcoin. Traders should monitor potential share dilution effects, Bitcoin price reactions, and regulatory updates that could influence short-term volatility and long-term asset valuations. The increased corporate demand for Bitcoin could boost market sentiment, though volatility and evolving regulations remain key risks.

This week’s crypto market pullback saw Bitcoin decline 2.9% to $112,936, triggering $113 million in liquidations and a 5.46% weekly loss despite an 86% YTD gain. Despite this crypto market pullback, presale demand is climbing as traders pivot to altcoins like Solana, XRP and MAGACOIN FINANCE. Solana’s price slipped 15.5% from $210 to $179, but on-chain metrics remain robust: $111.5 billion in 30-day trading volume, $12.1 billion in TVL, $35.6 million in monthly fees and $10.7 billion open interest on futures. XRP briefly tested the $2.90 support level at $2.94 before rebounding to $2.96, with analysts eyeing a rally toward $4.80. Meanwhile, MAGACOIN FINANCE’s security-focused presale has raised significant capital and offers a 50% bonus via code PATRIOT50X ahead of imminent listings. Traders are advised to watch these altcoin entry points as presale demand builds.

Bitcoin’s NVT Ratio fell 11% to 33.8, reflecting weaker transaction volume relative to market cap. On-chain metrics from CryptoQuant and Santiment show daily transaction count dropped to 97,000 and network growth slid to 72,000 active addresses. These declines suggest reduced organic demand and liquidity, increasing risk of price pressure near the critical $105,000 support level. Bitcoin’s price fell over 3% in 24 hours to around $111,400. Weighted social sentiment turned negative at –1.06, while social dominance dipped to 25.56%, indicating a bearish market mood and potential for faster sell-offs. Traders should watch on-chain demand indicators and sentiment for signs of stabilization before increasing exposure.

USDJ is a stablecoin on the TRON blockchain and integral to the JUST DeFi ecosystem. It maintains a 1:1 peg to the US dollar via a collateralization system that uses TRX tokens. Users deposit TRX as collateral to mint USDJ, and the protocol enforces a minimum collateral ratio and triggers automatic liquidations to safeguard the peg. This decentralized stablecoin broadens TRON’s DeFi suite, offering traders a robust USD-pegged instrument for hedging, liquidity management, and yield strategies. By boosting demand for TRX and enhancing liquidity, USDJ strengthens TRON’s ecosystem and trading activity.

In a Coin Stories podcast, investor Preston Pysh attributes Bitcoin’s muted price action, despite corporate treasury purchases, to delta-neutral “fast-money” strategies run by Wall Street trading firms. These firms pair spot, futures, and perpetual swaps to extract spreads while suppressing volatility, leading to compressed trading ranges instead of the explosive moves typical of past bull markets. Pysh warns that this volatility squeeze poses a headwind, making the current rally feel less robust and more prone to mean-reversion, even as multi-cycle trends remain upward. He emphasizes the importance of monitoring global equity liquidity as a gauge for Bitcoin’s potential breakout, noting that ample fiat liquidity could support higher prices. However, Pysh cautions that volatility compression is not a guaranteed precursor to rapid gains, advising traders to remain vigilant and avoid assuming a vertical surge to six-figure targets in the near term.

Altcoin prices have surged after crypto treasury firms used mNAV financing to buy assets. Ethereum jumped from $1,800 to $4,700. SOL, BNB and HYPE followed this crypto treasury trend. Leading firms like SBET and BMNR fueled the rally, with BMNR outperforming SBET (+130% vs +50%). Competition is for resources and narrative power. However, no issuer has pledged never to sell. Recent data show Lion Group cut $0.5M HYPE, while Meitu cashed in $80M BTC gains. This raises sell-off concerns. The mNAV mechanism allows positive feedback when mNAV>1, but flips to negative when mNAV<1, risking fire sales. Investors should prefer Bitcoin-focused treasuries, target market leaders and scrutinize fundamentals: cash flow, asset cost, portfolio allocation and debt capacity. While crypto treasury strategies have driven the current altcoin bull run, traders must monitor liquidity risks and value support to avoid liquidity-driven downturns.

Meme coins are back in traders’ sights for 2025, led by Dogecoin (DOGE), PEPE and Shiba Inu (SHIB). DOGE rebounded from $0.21 to $0.22 this week after whales acquired 680 million tokens, with technical analysts eyeing $0.23–$0.24 if $0.22 support holds. PEPE remains a stable meme coin with solid liquidity and market cap, attracting hoarders ahead of potential hype. Shiba Inu saw a 9% drop over seven days to a $7.3 billion market cap, but on-chain metrics show 55% of SHIB tokens exiting exchanges and Shibarium transactions climbing to 4.8 million—burn activity that could bolster price. Meanwhile, MAGACOIN FINANCE presale has raised $12.8 million of its $13 million goal, backed by security audits from HashEx and CertiK. Analysts forecast a 60× return and an upcoming exchange listing. Crypto traders should watch this presale amid a possible meme coin rally in 2025.

Santiment, a crypto analytics firm, has ranked the top 10 altcoins by developer activity on GitHub over the past 30 days. Top of the list is Internet Computer (ICP) with a score of 369.37, followed by ChainLink (LINK) at 293.5 and Starknet (STRK) at 218.37. Other projects include Sui (SUI), DeepBook Protocol (DEEP), Cardano (ADA), Avalanche (AVAX), DeFiChain (DFI), Stellar (XLM) and Ethereum (ETH). Despite robust developer activity and high GitHub commit volumes, all ten altcoins fell in value over the last 24 hours, led by Starknet (-6.23%), DeepBook Protocol (-6.14%) and Avalanche (-5.96%). In market capitalization, Ethereum leads with $554.47 billion, followed by Cardano ($31.01 billion) and ChainLink ($16.59 billion). This GitHub-based developer activity ranking highlights strong project development but a disconnect from short-term price performance.

American Bankers Association and Bank Policy Institute have urged federal revisions to stablecoin regulations to restore regulatory clarity, protect banks’ competitiveness, and enable safe digital asset services. The groups seek statutory frameworks clarifying permissible bank activities, custody and reserve requirements, and supervisory expectations for stablecoins and other cryptocurrencies. They warn ambiguous or stringent stablecoin regulations risk pushing U.S. banks’ crypto activities offshore or to non-bank fintechs, ceding market share to foreign competitors. Leaders emphasize balancing innovation with consumer protection and systemic stability. Rob Nichols, President & CEO of the American Bankers Association, highlighted demand for compliant digital-asset services under clear rules. Advocates reference recent FDIC updates as evidence of regulatory dynamics shaping market strategies. Clearer stablecoin regulations could unlock banks’ ability to offer custody, payments, and settlement services, aligning digital assets with capital and liquidity standards. Ongoing engagement with regulators and policymakers will determine if the policy amendments materialize and reshape banks’ digital-asset offerings.

Crypto liquidations topped $900 million within 24 hours, driving Bitcoin, Ethereum and Dogecoin prices down significantly. BTC fell 3.5% while ETH and DOGE slid around 4% and 5%, respectively, as forced deleveraging intensified. The spike in funding rates triggered margin calls and accelerated the sell-off across the market. Total crypto liquidations, including altcoins, exceeded $1.2 billion, underscoring persistent market volatility. Traders are advised to monitor funding rates, open interest and leverage levels for early signals of potential further declines.

Ethereum’s daily revenue of $1.4 million remains modest against its $4,400 token price and $531 billion market cap. Ethereum OG Andrew Keys argues that by underpricing L1 blobspace and transaction fees, the network sacrifices near-term profitability and should raise fees as demand grows—drawing an Uber-style analogy of fare hikes after ubiquity. Conversely, proponents of low-cost blockspace point to Disney’s quality-over-cost ethos and Linux’s free, open-source success, asserting that minimal fees drive on-chain activity, security and network effects. They contend that spreading adoption through commodity-priced blockspace can ultimately benefit ETH holders more than direct fee maximization. As competition among layer-one blockchains intensifies, Ethereum’s decision on fee structure and blobspace pricing will be pivotal for user engagement, developer activity and long-term token valuation.

Shiba Inu (SHIB) saw a 120% surge in trading volume despite a broader crypto downturn. Whale activity and social media hype by the Shiba Army drove the spike. Speculation around Shibarium updates and token burns added fuel. However, a volume jump does not guarantee price gains. Shiba Inu’s resilience in a bearish market highlights community-driven momentum and ecosystem growth. Traders should weigh SHIB’s volatility and speculative dynamics in their strategies.

Solana has surged 14.65% in August to reclaim a $100 billion market cap, adding nearly $10 billion in value as SOL eyes a market cap flip of Binance Coin. BNB is up 9% this month, hitting an all-time high $120 billion valuation and $900 per token. To overtake BNB, Solana needs another 20% market cap increase, aiming for around $234 per SOL. The SOL/BNB ratio climbed 4.5% in August, marking Solana’s first monthly outperformance since May. On-chain metrics show daily active addresses on Solana down 3% while Binance Smart Chain’s are up 7%, reinforcing BNB’s current edge in liquidity and retail engagement. Technical resistance at $210 is key; a decisive break could pave the way toward $234. Traders should monitor on-chain flows, address trends, and BSC vs. Solana momentum as the two platforms compete through Q4.

Yield Guild Games (YGG) developers have completed a $1 million buyback of 5.87 million YGG tokens, according to on-chain data from Ember. The YGG buyback occurred at an average price of $0.17 per token, funded by revenue generated by the company’s blockchain gaming ecosystem. YGG’s first homegrown title, LOLLand, delivered approximately $1 million in revenue over the past 30 days. Despite this, the YGG token trades at $0.1539—down 11% in 24 hours and more than 98% below its November 2021 peak of $11.50. The token reached a low of $0.1192 in June 2023. Meanwhile, the broader crypto market remains bearish, with Bitcoin trading roughly 10% below its all-time high.

Digital asset firm B Strategy, backed by YZi Labs and Asia-Pacific family offices including affiliates of Binance founder CZ, has launched a US-listed $1 billion BNB treasury company. The initiative, promoted as the “Berkshire Hathaway of the BNB ecosystem,” will hold BNB and reinvest capital into network development, new projects, and community initiatives. This $1 billion BNB treasury taps B Strategy’s strong Hong Kong, ASEAN, and Middle East investor networks to fuel ecosystem growth. The move follows similar institutional efforts: 10X Capital’s US-based BNB treasury and BNB Network Company’s $160 million purchase of 200,000 BNB, making it the largest corporate BNB holder. Corporate adopters like Nano Labs ($50 million for 74,315 BNB) and Windtree Therapeutics ($520 million funding round allocated to BNB) underscore rising confidence in Binance Coin. Meanwhile, BNB’s price has surged past $850, testing a record $899.77 high. Strong on-chain metrics, rising futures open interest ($1.27 billion), and bullish technical patterns support a potential breakout toward the $1,000 mark, reinforcing the positive outlook for BNB.

Crypto markets face nearly $1 billion in token unlocks from August 25–31, triggering potential selling pressure on altcoins. Token unlocks include a $161 million SUI release (1.2% supply) and $37 million in SVL tokens (19%). One-off cliff unlocks total $185 million for Jupiter (JUP), Optimism (OP), Kamino and Huma Finance (HUMA). Linear unlocks add $813 million, with Filecoin (FIL) releasing $22 million daily and Solana (SOL) over $14 million daily. Dogecoin (DOGE) sees $3 million new tokens per day, while Avalanche (AVAX) and Worldcoin (WLD) add $2.5 million and $5 million daily. Market outlook is bearish: HUMA hit an all-time low after dropping 78% from May’s peak. Sophon (SOPH) and Renzo (REZ) also fell over 7–9%. Ethereum (ETH) gained 10% last week but edged down 3.4% in 24 hours. DOGE trades at $0.23 within a symmetrical triangle, with support at $0.22 and resistance at $0.25. Increased token supply and historical unlock events suggest continued altcoin volatility.

Bitcoin has failed in its latest bid for a new all-time high and slid to a weekly low of $110,820 on Binance, entering a clear pullback phase. CryptoQuant data shows large BTC holders (whales) moving into distribution, while smaller and mid-sized wallets increase accumulation, underscoring mixed market sentiment. Wallets with 100–1,000 BTC demonstrate indecision around the critical $105,000 support, a level whose decisive break could trigger broader market fear. The CryptoQuant Bull Score has dipped to neutral and must climb above $112,000 to avoid deeper correction. Despite current downward pressure, some analysts maintain Bitcoin’s longer-term path toward $183,000 remains intact. At press time, BTC trades at $111,349, down 2.7% over 24 hours.

Onchain analysis by Bubblemaps suggests Hayden Davis may have orchestrated a $12M profit through rapid buying of the newly launched YZY altcoin. The analysis reveals that Davis’s $57 million fund was unfrozen a day before the launch, with multiple addresses on centralized exchanges funded in time to “snipe” the YZY altcoin immediately upon release. These addresses were linked to Davis via onchain analysis of CCTP transfers, funding transactions, and joint deposits. Bubblemaps identified 14 addresses that executed buys within one minute of the YZY altcoin announcement, netting roughly $12M. While no direct insider ties to the YZY team have been confirmed, Davis’s history of similar sniping operations on LIBRA and MELANIA projects raises fresh concerns over insider trading in altcoin launches. Traders should assess their exposure carefully amid heightened scrutiny of onchain activity in altcoin markets.

Bitcoin price weakened sharply after a $2.7 billion whale sell-off triggered over $846 million in forced liquidations and drove the token below key support near $110,000. Technical indicators signal trend fragility: ADX at 16 indicates low trend strength, RSI around 42 shows growing selling pressure, and the Squeeze Momentum Indicator suggests a potential volatility breakout. Meanwhile, Ethereum remains technically resilient with ADX at 41, a bullish 50–200 EMA spread, and an RSI near 59. Total crypto market capitalization fell 2.4% to $3.83 trillion. Traders should tighten stop-losses, reduce leverage, and monitor Bitcoin support levels at $110,500 and $107,000. A clear volatility release or confirmed support test could offer safer entry points.

DeepSeek v3.1, released quietly on GitHub by DeepCloud AI, delivers a notable performance leap over OpenAI’s latest open-source language model. In benchmark tests such as MMLU and HumanEval, DeepSeek v3.1 records a 15% lower perplexity and a 20% faster inference speed compared with OpenAI’s community-driven release. The upgrade relies on advanced model distillation, adaptive quantization and a streamlined transformer architecture, reducing memory footprint by 30% without sacrificing accuracy. Developer interest has spiked, with GitHub stars tripling in two weeks and integration demos appearing across popular frameworks. By outperforming OpenAI’s open-source effort in both efficiency and accuracy, DeepSeek v3.1 is reshaping the competitive landscape for large language models and accelerating adoption of cost-effective AI solutions.

Bitcoin slipped below $110,000 on Monday after a failed recovery attempt returned its price to levels last seen before President Trump’s inauguration. The largest cryptocurrency fell 2.7% over 24 hours, trading around $109,700, down more than 11% from its record high set less than two weeks ago. Ethereum also plunged nearly 8%, dipping below $4,400. Leading altcoins including Solana (SOL), Dogecoin (DOGE), Cardano (ADA) and Chainlink (LINK) registered losses between 6% and 8%. The sell-off triggered roughly $700 million in crypto derivatives liquidations, with $627 million from long positions. Weak seasonality ahead of September—the historically weakest month for Bitcoin and Ether—may further dampen market sentiment. Traders will watch key support levels and monitor any macroeconomic or regulatory developments as volatility persists.

The Bitcoin Kimchi Premium has climbed to 2.1%, reflecting a notable price gap between South Korean exchanges and global platforms. On Upbit, Bitcoin (BTC) traded at 155,872,000 KRW, compared to 152,650,867 KRW on Binance after converting with a USDT rate of 1,420 KRW. This persistent Bitcoin Kimchi Premium stems from strong domestic demand and strict capital controls that limit cross-border fund flows. While a 2.1% premium signals robust buying pressure in Korea’s crypto market, practical arbitrage is hindered by regulatory hurdles, high transaction costs, market volatility and liquidity constraints. Traders should view the Bitcoin Kimchi Premium as a sentiment indicator rather than a guaranteed profit opportunity. Monitoring this premium can offer insights into regional demand patterns, but successful arbitrage requires careful risk management and a clear understanding of local regulations.

Bitcoin’s near-term trajectory hinges on the $112,000 support level. If this zone holds, a Bitcoin rebound toward $120,000 becomes increasingly likely; a breakdown, however, could drive prices lower to $111,000–$110,500. Selling pressure has mounted after a whale transfer of 24,000 BTC and net ETF outflows totaling $1.17 billion from August 18–22. Derivatives liquidations reached $264 million in the past 24 hours, underscoring elevated volatility. On-chain data and price action reveal repeated rejections near $123,000 and resistance around $117,600, while buyers have defended $112,000 multiple times this month. Ethereum also weakened, trading near $4,659 with a 2.9% weekly decline. Traders should monitor volume, open interest, ETF flows and large transfers, use disciplined risk management and set stops around $110,500–$111,000. Lucrative short-term Bitcoin rebound opportunities will depend on the strength of $112,000 support.

OG whale sales and government liquidations, including Mt. Gox creditor payouts and U.S. and German auctions, are injecting significant Bitcoin supply into markets, keeping price action range-bound. Although institutional holders have accumulated, these large-scale disposals are outpacing new demand, prompting traders to rotate capital into altcoins and DeFi tokens where supply pressure is lower. Market participants are advised to monitor on-chain long-term holder movements, exchange reserves, realized volatility, funding rates and liquidation levels to gauge absorption progress. Short-term range-bound conditions may persist until fresh demand emerges, suggesting a cautious, data-driven approach for both day traders and long-term investors.

Wayfinder crypto token PROMPT is testing critical support at $0.32, with technical indicators signaling overextension. The daily Relative Strength Index (RSI) sits at 92.5, marking extreme overbought conditions, while 24-hour trading volume declined nearly 10%, suggesting weakening momentum. A decisive break below $0.32 could trigger a retracement to $0.26–$0.28, with liquidity heatmaps highlighting resistance zones at $0.37–$0.40 and support clusters at $0.31 and $0.275–$0.28. Over the past week, PROMPT surged about 175%, fueled by AI-token demand and a breakout from a descending triangle. Meanwhile, Bitcoin’s dip below $112,000 has dampened risk appetite for smaller caps, adding downward pressure. Traders should watch support levels at $0.31–$0.32, set stops below $0.31, and consider scaling into positions near $0.275–$0.28 as potential buy-the-dip opportunities. Effective risk management is crucial amid signs of a pullback.