Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Better Bank, a DeFi platform on PulseChain, suffered a major exploit that drained approximately $5 million in assets. Security auditor CertiK confirmed the attacker exploited a smart contract vulnerability and promptly swapped the stolen funds into 215 ETH (about $980,000) to obscure the trail. This incident highlights persistent security risks in PulseChain-based protocols and the broader DeFi ecosystem. Traders should note the increased market caution around PulseChain projects and consider risk mitigation strategies. Key takeaways include the need for robust audits, real-time monitoring, and diversified portfolios to protect against similar smart contract exploits.

After a recent market pullback, many traders are looking for the best altcoins to buy. Here are seven tokens analysts highlight as buying opportunities: 1. Bitcoin (BTC): Market leader dipped to around $110K, seen as a buy-the-dip chance. 2. Chainlink (LINK): Partnerships with ICE and Mastercard plus a token buyback pushed price past $26. 3. AAVE (AAVE): Expanding to Aptos and planning V4 upgrades, targeting the $400 mark. 4. Arbitrum (ARB): Leading Ethereum layer-2 scaling with 900+ dApps and a Robinhood listing. 5. Polkadot (DOT): Focused on Elastic Scaling and parachains, with forecasts of $7–$8 by 2026. 6. Avalanche (AVAX): Institutional adoption and Octane hard fork cut fees by 96%, aiming for a breakout above $25. 7. MAGACOIN FINANCE: Emerging Ethereum-based project praised for security and potential 5x returns. These altcoins to buy span proven leaders to high-potential projects. Traders can use the current dip to diversify between stability and growth opportunities in DeFi, layer-2 scaling, and emerging tokens.

The U.S. GENIUS Act establishes a regulatory framework for stablecoins, allowing banks to issue tokenized deposits while restricting direct interest on these balances. This limitation could drive customers to crypto exchanges and third-party platforms offering higher yields, prompting potential outflows from traditional bank deposits. Historical parallels—such as the 1980s shift into money-market alternatives—underscore the risk of deposit flight if yield gaps widen. Industry analysts at Citi and PwC warn that sustained divergence in returns may accelerate stablecoin adoption and pressure banks to enhance tokenization services. Crypto advocates argue the GENIUS Act legitimizes stablecoins, boosting institutional involvement and raising demand for settlement layers like Ethereum. Globally, policymakers are racing to develop digital currency strategies, heightening competition in payment rails and cross-border settlement. As the GENIUS Act reshapes the stablecoin landscape, its enforcement and market response will determine whether tokenization strengthens financial resilience or redistributes systemic risk.

Following the approval of a US spot Bitcoin ETF and the July 2024 launch of a spot Ethereum ETF, the crypto ETF landscape is entering its “second leap.” Regulatory advances, including the SEC’s 2025 permission for in-kind redemption, promise improved trading efficiency and lower costs, bolstering institutional market-making and arbitrage. In Asia, Hong Kong’s April 2024 introduction of spot Bitcoin and Ethereum ETFs with in-kind mechanisms offers a regulated index tool in local trading hours, opening doors to cross-border capital allocation. Beyond BTC and ETH, asset managers are eyeing Solana ETF applications filed with the SEC. Historical patterns suggest that regulated futures (e.g., CME’s planned Solana futures) often precede spot ETF approvals. The SEC’s 2025 guidance on crypto ETF operations marks a move toward a clearer regulatory framework, accommodating potential new products with on-chain yield features. Investors should shift focus from “new listings” to product structure, compliance, and funding flows. Key impacts include more stable inflows via retirement and wealth channels, a new volatility regime tied to rebalancing events, and renewed emphasis on compliance, custody, and liquidity over on-chain narratives.

Ethereum recently marked its 10th anniversary with global events and a showcase of 24 key ecosystem milestones. The network highlighted integrations such as Robinhood on Arbitrum and Coinbase’s rebranded Base App, alongside scaling and privacy upgrades like Boundless Mainnet Beta, Focus Tree’s self-custodial wallet, and a new Privacy Pools ATH of 300 ETH locked. Institutional adoption surged as U.S. spot Ethereum ETFs saw a record $726.7 million inflow, led by BlackRock’s ETHA, while corporate treasuries shifted heavy allocations: Bit Digital moved $173 million from BTC to ETH and BitMine amassed 833,137 ETH. DeFi deployments expanded with Morpho reaching $2 billion in deposits on Base, EigenLayer launching fund redistribution, Nerite debuting USND on Arbitrum, and Talos AI-based treasury management going live. Meanwhile, PayPal enabled ETH payments via its PYUSD stablecoin, and authoritative reports from Consensys and Electric Capital reaffirmed Ethereum’s pivotal role in DeFi, NFTs, and programmable money. These developments, alongside ongoing trials in Tornado Cash and growing stablecoin supply surpassing $140 billion, underscore Ethereum’s strengthened network utility, institutional credibility, and scaling progress.

Ethereum has surged 20% over the past month, while Bitcoin has fallen 6%, marking a 26% relative outperformance for ETH. Traders on Polymarket now assign a 26% probability to Ethereum reaching $5,000 this month. Industry experts attribute the rally to significant institutional capital inflows that have established a new liquidity floor for ETH. March Zheng, General Partner at Bizantine Capital, notes that global stablecoin adoption and clearer regulation support Ethereum’s fundamentals. Gracie Lin, CEO of OKX Singapore, highlights real utility and large institutional moves—like BitMine’s accumulation—as evidence of deep conviction. This trend signals a structural reallocation of liquidity away from a stagnating Bitcoin toward Ethereum and other altcoins such as XRP and CRO. Decentralized trading volumes on platforms like Hyperliquid have also surpassed traditional venues, underlining crypto-native infrastructure’s appeal. While Bitcoin’s on-chain activity weakens and liquidations exceed $940 million, Ethereum’s institutional bedrock and rising prediction-market odds suggest a bullish outlook. Traders should watch upcoming US PCE data for potential volatility but remain alert to the long-term shift in capital flows.

Huobi HTX will list Camp Network (CAMP) today, opening spot and margin trading for the new token. CAMP deposits have been available since August 26 at 21:30 (GMT+8). CAMP/USDT spot trading launches on August 27 at 17:00, with withdrawals enabled on August 28 at 17:00. In parallel, HTX adds 10X isolated margin trading for the CAMP/USDT pair. Camp Network is an innovative Layer-1 blockchain focused on autonomous IP, supporting AI agents tied to user identities. By aggregating Web2 data, the network links traditional platforms with blockchain and lets users monetize their digital footprint.

Four on-chain addresses executed a coordinated XPL arbitrage strategy that netted $46.1 million between August 22 and 24. The primary address (0xb9c…6801e) accumulated long positions in small increments, then triggered a massive buy at 05:35 UTC to force liquidations of short orders. Three additional addresses (0xe41…858c7, 0x006…2a78f, 0x894…00779) had pre-funded long positions and closed them near XPL’s temporary peak. Two of these addresses share the same funding source on DeBank, with one user ‘silentraven’ having previously earned over $10 million by going long on HYPE. All but the Binance-funded address sourced margin via deBridge, indicating a common operational pattern. This case highlights the risk of large-scale on-chain exploitation and the power of crypto arbitrage in DeFi markets.

A major whale created a new Ethereum wallet (0x8C43) and spent 248 ETH (approximately $1.12 million) acquiring 6.95 million BLOCK tokens, according to Lookonchain. This accumulation comes just hours before the WLFI token is set to launch. The whale’s early purchase signals growing interest in BLOCK tokens ahead of the WLFI listing, highlighting a potential bullish catalyst for both assets as market participants prepare for increased trading activity.

ChainFeeds Research outlines key crypto infrastructure upgrades across five fronts. First, the rise of crypto super apps like Pump.fun demands real-time data and low-latency analytics, shifting focus from static charts to executable signals. Second, a new issuance wave features ten launchpads—Heaven ($LIGHT), Zora (ZORA), LAUNCHCOIN, PASTERNAK and BONK—emphasizing fairness, on-chain social content and community incentives. Third, Galaxy Digital, Jump Crypto and Multicoin Capital plan a $1 billion SOL reserve. This institutional move echoes MicroStrategy’s BTC play, likely tightening circulating supply and boosting Solana demand. Fourth, Ethereum’s roadmap proposes replacing the EVM with RISC-V to cut zk-proof bottlenecks, target 10 000 TPS and unify L1/L2 execution, a landmark crypto infrastructure shift. Finally, RWA tokenization faces multi-million RMB issuance costs, SPV setup, oracle reliance on LINK and talent gaps, highlighting systemic challenges. These crypto infrastructure upgrades and ecosystem innovations suggest a bullish outlook for long-term scalability and institutional adoption. Short-term volatility may arise from token flows and fundraising, but enhanced network capacity and tighter supply dynamics support stronger market fundamentals.

Binance has added the CELB token to its Alpha Projects platform, providing early trading opportunities for eligible users. CELB’s inclusion in the Binance Alpha Zone enables secure, fast transactions and potential yield advantages ahead of its full launch. Traders interested in crypto investment and token listing can now access CELB trading within Binance’s Alpha Projects, diversifying portfolios early. Stay tuned to Binance’s official channels for real-time updates and notifications.

Analysts highlight three leading AI cryptos—Bittensor (TAO), NEAR Protocol (NEAR) and The Graph (GRT)—with potential to 10x investments by 2025. As AI cryptos gain traction, Bittensor’s decentralized AI marketplace uses Proof of Intelligence to reward model providers in TAO tokens; capped supply and early adoption drive bullish forecasts to $1,000 per token. NEAR Protocol, optimized for AI-powered dApps via sharded PoS and the upcoming Nightshade 2.0 upgrade, offers scalability for compute-heavy workloads, positioning NEAR to regain momentum and deliver multi-fold returns. The Graph powers blockchain data indexing for AI applications through its GRT token, rewarding curators and indexers to enable AI cryptos to access clean data; trading below its all-time high, GRT could also see 10x gains. Emerging MAGACOIN Finance projects a presale ROI exceeding 7,800%, backed by audits, a growing community and a clear roadmap, fueling strong FOMO. Traders seeking high-growth AI cryptos and altcoins should monitor these projects for potential exponential gains and adjust portfolios accordingly.

August’s altcoin market is focusing on three assets: Solana (SOL), Shiba Inu (SHIB) and the presale darling MAGACOIN FINANCE. Solana’s price has traded between $182 and $184 after a 6–7% pullback, with daily volume above $4.6 billion and resistance levels at $188.53 and $196.11. SHIB saw a 21% correction but retains strong community support around the $0.0000118 level, eyeing a potential rebound to $0.0000150–$0.0000173 aided by whale accumulation and Shibarium development. The presale buzz around MAGACOIN FINANCE is driving speculative FOMO—its audited framework, viral branding and a 50% bonus via code PATRIOT50X have fueled rapid wallet growth. Investors are balancing stability in established altcoins with high-risk, high-reward presale plays. Solana and SHIB remain core portfolio picks, but MAGACOIN FINANCE’s presale momentum positions it as this cycle’s top speculative altcoin opportunity.

September’s crypto token unlocks total over $1 billion, raising the risk of short-term sell-pressure. Late-August schedules release about 320 million tokens, and September adds 530 million more. Daily unlocks could peak at 350 million tokens around mid-month, generating significant liquidity spikes. High-percentage token unlocks include TRUMP’s 6.83% supply ($178.7 million) and SVL’s large release. In contrast, Bitcoin (BTC) and Solana (SOL) face minimal one-month unlock rates of 0.07% and 0.36%, respectively. This suggests limited short-term supply risk for blue-chip coins despite high nominal values. As crypto token unlocks approach, traders should track on-chain data for exchange inflows and vested token flows. Upcoming FOMC meetings may amplify volatility. Use tools like DeFiLlama and Tokenomist to set risk rules around peak unlock days. Monitoring exchange deposits will signal potential dumping and help manage market exposure.

At the 2025 Cripto Latin Fest, industry publication Cripto Informe awarded Bitunix the Annual Breakthrough Platform Award for measurable advances in user growth, product innovation and compliance standards. The recognition highlights Bitunix’s growing market traction and operational maturity. In response, Bitunix will accelerate global expansion by enhancing product features, strengthening compliance frameworks and reinforcing a secure, transparent trading infrastructure. These initiatives aim to expand access to high-quality digital asset services for institutional and retail clients while maintaining regulatory alignment and platform resilience. The award underscores the crypto platform’s potential to drive higher trading volumes and attract new users, signaling bullish momentum for Bitunix as it scales into new markets.

Rumors suggest JP Morgan XRP accumulation has begun ahead of potential spot XRP ETF approval. Analyst John Squire reported that the bank may be quietly buying XRP. This move could signal growing institutional adoption if regulators green-light spot XRP ETFs. Six asset managers, including Franklin Templeton, WisdomTree and Grayscale, have amended filings for spot XRP ETFs. The SEC extended review deadlines into October 2025. Market observers say institutional capital could drive higher liquidity and trading volumes. Price projections range from $10 to $20 per XRP on ETF approval. While some community members urge caution, even unverified reports have boosted XRP trading sentiment. If JP Morgan XRP purchases are real, they could reshape market dynamics.

Over the past eight hours, eight newly created wallets received 35,948 ETH in one of the largest institutional ETH transfers (~$164M) from FalconX and Galaxy Digital. On-chain analytics confirm these are custodial ETH transfers, not protocol-level activity. Another newly discovered address, flagged as Bitmine-linked, holds 95,789 ETH (~$427M). Traders should monitor these large ETH transfers for liquidity and custody implications, relying on verified on-chain data for further attribution.

Gemini and Ripple have unveiled an XRP edition credit card on the Mastercard network, issued by WebBank. Cardholders earn up to 4% back in XRP credit card rewards on gas, EV charging and rideshare, plus no annual or foreign transaction fees. Rewards are flexible: users can switch to Bitcoin (BTC), Ether (ETH) or over 50 other cryptocurrencies at any time. The card, available in all 50 U.S. states and Puerto Rico, complements Gemini’s support for Ripple USD (RLUSD) as a base currency for spot trading pairs, reducing trading steps and fees. Blockchain intelligence firm Arkham traced nearly $740 million in Bitcoin holdings to United Arab Emirates–linked wallets. Unlike U.S. and U.K. reserves from seizures, the UAE’s BTC cache stems from Citadel Mining’s operations, majority-owned by the UAE Royal Group via International Holding Company (IHC). Citadel has mined about 9,300 BTC and retains around 6,300 BTC. Arkham corroborated these figures using on-chain data and satellite imagery. At the Asia Blockchain Summit, Bybit Co-CEO Ben Zhou outlined a comprehensive security overhaul following a $1.5 billion hack. Measures include fortified hot and cold wallets, independent audits by Hacken, and regular proof-of-reserve reports. Bybit also launched its EU arm (MiCAR-compliant), gained approvals in UAE and India, and rolled out new features like Megadrop airdrops, the TradeGPT AI assistant, tokenized stocks, bbSOL staking, and a DEX. The World Federation of Exchanges urged regulators to clamp down on tokenized stocks, warning they mimic equities without granting shareholder rights. The WFE called for applying securities laws to tokenized assets, establishing clear custody frameworks, and banning misleading marketing of “stock tokens.”

Binance Alpha will list CeluvPlay (CELB) on August 29. The CeluvPlay trading launch on Binance Alpha allows qualified users to use their Binance Alpha points to claim an airdrop. After trading opens, users can visit the Alpha activity page to redeem tokens. Specific airdrop details will be announced later. The listing expands trading options and supports CeluvPlay’s liquidity. Traders should monitor the airdrop rules and participate promptly to benefit from the new offering.

On-chain data from CryptoQuant shows Bitcoin’s spot price is fast closing in on the short-term holder (STH) Realized Price of $107,000. This on-chain metric measures the average cost basis for addresses that bought BTC within the last 155 days. Historically, the STH Realized Price acts as a key support in up-trends—weak hands tend to accumulate on dips to their cost basis—while in down-trends it becomes resistance. In tandem, Bitcoin’s 200-day simple moving average (SMA) sits at approximately $100,700, marking a lower technical support level. A retest of the zone between $100,700 and $107,000 could trigger renewed buying or, if broken, accelerate bearish momentum. Traders should watch for volume shifts and price action within this support band to gauge short-term bullish or bearish conviction.

Analysts highlight three altcoins poised for 2025 gains: Sei (SEI), Sui (SUI) and MAGACOIN Finance. Sei’s capped supply, pro-grade “Monaco” trading surface and institutional interest—visible in its 73% June surge and $1.5 billion market cap—could push SEI toward $0.20–$0.60 by year-end. Sui benefits from growing developer adoption and ETF buzz—Canary Capital’s filing may drive inflows, with price targets from $2.20–$6.90 (conservative) to $14.5–$16 (bullish) by November. MAGACOIN Finance, an Ethereum-based presale project, boasts audit backing, scarcity and cultural branding; each funding round sold out swiftly, and models forecast up to 50× returns. As capital rotates from Bitcoin and Ethereum into smaller caps during altseason, these three altcoins offer a balanced portfolio for infrastructure, institutional catalysts and narrative-driven upside.

According to TRM Labs, the Iran crypto market saw trading volume of $3.7 billion from January to July, marking an 11% decline year-on-year. The downturn accelerated in June and July. Key drivers include heightened geopolitical tensions with Israel and the high-profile Nobitex hack. These geopolitical conflicts have shaken investor confidence, while the breach at Iran’s largest exchange raised cybersecurity concerns. For traders, this slump indicates increased market volatility and security risks. Short-term price swings are likely amid ongoing unrest. Long-term recovery hinges on geopolitical stability and enhanced cyber defenses. Investors should also watch for regulatory oversight. Market instability may prompt stricter rules. Robust security practices and transparency will be crucial to restoring confidence in the Iran crypto market.

Justin Sun, founder of Tron (TRX), said he has not yet found a life or business partner. Justin Sun told LatePost on August 27 that “the people who love me the most are my parents.” On corporate governance, he confirmed there is no formal second-in-command at Tron. All departments report directly to him under this centralized leadership structure, common among high-profile founders like Elon Musk. Tron governance experts note that the absence of a clear successor could complicate future succession planning and executive accountability.

Indian tax authorities have launched an intensified campaign to uncover undeclared crypto activity and other hidden assets from fiscal years 2016–17 through 2022–23. The Income Tax Department has issued over 1.6 million notices to taxpayers, including crypto traders, seeking details of past virtual digital asset transactions, unreported jewellery, cash and movable assets. Major cryptocurrency exchanges have been directed to share extensive client data, including transaction histories and wallet addresses. This drive marks a significant escalation in India’s crypto tax enforcement, aiming to boost compliance and recover unpaid levies. Traders may face revised tax bills, penalties and possible legal disputes if discrepancies emerge. The move could prompt a surge in voluntary disclosures as the government tightens reporting norms. Crypto tax compliance is now a critical consideration for Indian traders navigating regulatory changes.

Assort Health, an AI in healthcare startup, has secured $50 million in a Series B funding round led by Lightspeed Venture Partners, valuing the company at $750 million. This follows a $22 million Series A raised four months prior. The capital will expand its AI-driven voice agents that automate high-volume patient calls, including appointment scheduling, cancellations and FAQs. By reducing wait times, cutting operational costs and freeing staff for complex tasks, Assort Health aims to improve patient communication and clinic efficiency. Founded by former medical student Jon Wang and ex-Facebook engineer Jeff Liu, the two-year-old company posts over $3 million in annual recurring revenue, focusing initially on orthopaedics and physical therapy before adding Ob-Gyn, dermatology and dentistry. The rapid adoption and substantial backing underscore growing investor confidence in AI in healthcare solutions.

Ripple’s CTO David Schwartz confirmed that the XRP Ledger upgrade is undergoing near-production testing and may move to live deployment soon. Schwartz’s public appearance in XRP-branded gear at “XRPRESSO” café underlined strong developer engagement and boosted community confidence. Meanwhile, Gemini’s XRP rewards credit card rose to 16th in the U.S. App Store, surpassing Coinbase and signaling growing retail adoption of XRP. The XRP Ledger upgrade has passed unit and integration tests and is now in validator coordination and stress-testing phases. If final tests remain positive, the upgrade could roll out within weeks with minimal action required by end users. Traders should watch for official deployment announcements and monitor market reaction as the upgrade and rising consumer interest drive XRP momentum.

Binance will list Mitosis (MITO) spot trading on Binance Alpha at 22:00 (UTC+8) and launch a MITOUSDT perpetual contract with up to 50× leverage at 22:30 on August 28. Simultaneously, a BASUSDT perpetual contract opens on August 26 with identical leverage limits. In a bullish signal for the crypto market, Bitcoin programmable layer project Hemi raised $15 million in a Series A round led by YZi Labs, Republic Digital and HyperChain Capital, bringing its total funding to $30 million. Hemi’s embedded hVM enables EVM-like smart contracts directly on Bitcoin, now integrated with Sushi, LayerZero and MetaMask. Publicly traded SharpLink boosted its ETH holdings by 56,533 ETH at an average price of $4,462, bringing its total to 797,704 ETH (~$3.7 billion). Trump Media and Crypto.com formed Trump Media Group CRO Strategy, Inc., pooling $6.42 billion in assets—over $1 billion in CRO and $4.2 billion in cash and equity lines—to back a public CRO reserve. Additional updates include dYdX’s new 90-day roadmap with Telegram trading and fee-sharing, Coinbase International’s GMT-PERP, OMNI-PERP and SNX-PERP listings, Numerai securing a $500 million commitment from JPMorgan, and Google Cloud’s private testnet launch of the GCUL layer-1 blockchain.

On August 27, six newly created wallets potentially linked to mining firm Bitmine received a total of 95,789 ETH (approximately $427 million) from custodian BitGo. The transfer, detected by Lookonchain, highlights significant whale activity and possible shifts in Ethereum liquidity. While the movement underscores growing institutional engagement, the wallets’ subsequent intentions—whether custodial holdings, further trading, or long-term storage—remain unclear. Traders should monitor any additional on-chain movements for signals of imminent selling pressure or accumulation. This transaction exemplifies how large-scale transfers can influence short-term volatility and market sentiment in the ETH market.

Bitcoin price has climbed 1.75% to $111,700 in 24 hours, reflecting growing institutional and sovereign interest in the digital asset. Blockchain analytics firm Arkham Intelligence reports that the UAE government holds over 6,300 BTC (approximately $700 million) via Citadel Public Mining Group. This direct mining strategy makes the UAE the sixth-largest nation-state Bitcoin holder and underlines sovereign reserve building. The dollar weakened after President Trump’s attempt to remove Federal Reserve Governor Lisa Cook, raising concerns over Fed independence. Market observers note that Fed turmoil is enhancing Bitcoin’s appeal as a hedge against political risk and central bank intervention. Corporate adoption continues to expand. Paris-based semiconductor company Sequans Communications plans a $200 million equity raise to bolster its Bitcoin treasury. Sequans already holds more than 3,000 BTC (around $331 million) and targets 100,000 BTC by 2030. This move echoes MicroStrategy’s strategy of using Bitcoin reserves to reinforce corporate balance sheets. On the technical front, Bitcoin price remains in a descending channel since peaking at $124,450. The 50-period SMA at $113,495 caps upward moves, while support at $112,000 holds short-term bearish pressure. A break above $116,850 could target $120,900 and revisit the August high near $124,450. Failure below $110,000 risks $108,695 and $105,150. If momentum and institutional demand persist, Bitcoin price may head toward $130,000, solidifying its status as a global digital reserve asset.