Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin has slipped 11% from its August peak of $124,000, trading around $110,600 as of today. The 30-day moving average of the taker buy-sell ratio—an on-chain metric tracking aggressive market orders—fell below 1, its weakest level since November 2021. CryptoQuant analyst Gaah warns the current taker ratio echoing the previous cycle’s peak could signal waning buyer confidence and potential for deeper corrections. On the technical side, Crypto Nova notes that Bitcoin’s long-term uptrend remains intact, with higher lows since the late-2022 $15,000 bottom, suggesting any pullback may find support near $110,000 before resuming upward momentum. The divergence between price highs and the declining taker ratio highlights growing market caution. Traders should monitor support around $110,000 and the taker ratio’s direction for clues on short-term volatility and trend sustainability.

Ethereum price prediction centers on a potential breach of $4,700, fueled by renewed spot ETF inflows and a decline in exchange reserves. After a week of –105k ETH outflows, spot ETFs saw +16.9k ETH return, signaling revived institutional demand. Exchange reserves dropped 4.41% to $80.7 billion, suggesting stronger accumulation and reduced sell pressure. On Binance, the ETH/USDT long/short ratio stands at 1.81, with 64.44% of traders long. However, dense liquidation clusters around $4,700 pose a key resistance level. A successful push above this zone could trigger leveraged liquidations and drive further gains. Conversely, failure to clear it may prompt sharp corrections. This Ethereum price prediction highlights the balance between bullish ETF flows, reserve dynamics, and technical hurdles that will shape ETH’s near-term trajectory.

Influencer Crypto Bitlord, a ten-year XRP holder, warns he will liquidate his entire XRP position if the price revisits $2. XRP recently slid to $2.82 amid a broader crypto sell-off. Bitlord cites an unmet $100 target and criticizes Ripple’s slow adoption efforts. His ultimatum sparks debate in the XRP community, with some viewing a $2 drop as a buying opportunity while others caution against overreliance on long-term price forecasts. The incident underscores growing impatience among early XRP investors as the token struggles to sustain momentum.

On August 27, blockchain investigator ZachXBT tweeted that Crypto.com previously concealed a significant incident and never publicly disclosed it. He added that he is currently prohibited from revealing the details. This statement follows Crypto.com’s recent announcement of a definitive business combination agreement with Trump Media & Technology Group (NYSE: DJT) and Yorkville Acquisition Corp (NASDAQ: YORK). The deal will form Trump Media Group CRO Strategy, Inc., a digital asset reserve company focused on acquiring and holding native CRO tokens from the Cronos ecosystem. Traders should monitor potential legal or regulatory fallout that may affect Crypto.com’s operations and the CRO market.

Bitlayer, founded by industry veterans Charlie Hu and Kevin He, is a Bitcoin Layer2 solution built on BitVM technology to enable scalability and programmability without requiring Bitcoin mainnet upgrades. Since its mainnet launch in Q1 2024, Bitlayer has processed over 71 million on-chain transactions and reached a peak TVL of $900 million, consistently ranking first among Bitcoin L2 networks on DefiLlama. The project’s core innovations include a fully decentralized BitVM Bridge and a Rollup architecture for secure, high-throughput asset transfers and smart contract execution. Bitlayer has raised $25 million from top-tier investors such as Polychain Capital, Franklin Templeton, OKX Ventures and Alliance DAO, positioning itself as “institutional-grade Bitcoin financial infrastructure.” Its governance token BTR officially began TGE on August 27, enabling governance voting, node staking and potential gas fee settlement. Strategic partnerships with major mining pools—including Antpool, F2Pool and SpiderPool—reinforce network security and liquidity. Looking ahead, Bitlayer plans to scale YBTC holdings to over 10,000 BTC across leading DeFi protocols, roll out Bitlayer v2 and v3 to support parallel execution and higher throughput, and develop ETP solutions and institutional products for sustainable Bitcoin yield. Backed by a 50-member team (60% developers) with experience from Polygon, Huobi Chain and Alibaba Super Chain, Bitlayer aims to become the go-to infrastructure provider for institutional Bitcoin DeFi.

On August 27, on-chain analyst Yu Jin reported that a crypto whale leveraged an Aave loan to buy WBTC. After withdrawing 145 WBTC from Binance and depositing it as collateral on Aave, the whale borrowed $13 million USDT. The funds were used to purchase 117.5 WBTC. The trader now holds a total of 262.5 WBTC (about $28.95 million), at an average cost of $110,286 per WBTC. This move underscores growing use of leverage in the WBTC market.

SBI Group has teamed up with oracle provider Chainlink to use its Cross-Chain Interoperability Protocol (CCIP) for tokenizing real-world assets (RWA) in Japan. The initiative will initially target property, bonds and funds, leveraging SBI’s financial expertise and Chainlink’s secure interoperability. CCIP supports secure asset transfers and Delivery-versus-Payment (DvP) settlements, reducing counterparty risk. ANZ Bank has already demonstrated CCIP’s viability by settling stablecoins and natural asset NFTs between Avalanche and Ethereum. A recent SBI survey shows 76% of over 50 institutions plan to invest in tokenized securities, driven by lower costs and faster settlements. Japanese regulators are expected to approve a yen-backed stablecoin, providing a stable foundation for RWA trading. Analysts forecast the global RWA market could reach $16 trillion by 2030. The partnership marks a major step in building Asia’s institutional-grade digital asset infrastructure.

Google has launched the GCUL blockchain—a high-performance, permissioned network designed for financial institutions. The GCUL Blockchain supports Python smart contracts and offers a single API for multi-currency ledger integration. It aims to address the explosive growth of stablecoin payments, which saw $5 trillion in organic volume and $30 trillion total volume in 2024—surpassing PayPal and approaching Visa’s annual $13 trillion. By simplifying bank-money account management, GCUL reduces settlement times, lowers costs, and streamlines compliance. Its service-based model provides predictable, transparent fees and near-instant cross-border transfers with 24/7 availability. Built on Google Cloud’s secure, scalable infrastructure, the network minimizes reconciliation, fraud risk, and operational overhead. Financial institutions retain full control of customer relationships while modernizing legacy payment rails. As fragmentation and inefficiency threaten to cost the global economy up to 2.6% of GDP by 2030, GCUL presents an evolutionary upgrade rather than a disruptive overhaul. It positions Google as a major player in blockchain infrastructure, potentially accelerating institutional adoption of stablecoins and programmable payments.

Analysts spotlight three altcoins as the best crypto to buy for 2025: Solana (SOL), Shiba Inu (SHIB) and MAGACOIN Finance. Solana has secured $400 million in private placements and institutional backing from Galaxy Digital and Jump Crypto. Its blockchain hosts over 7,500 new developers, $1.3 billion in app revenue year-to-date and massive daily trading volume. Shiba Inu is closing a long accumulation phase, with chart patterns suggesting a potential 528% upside to $0.000078. Traders eye a breakout setup in meme-coin interest. MAGACOIN Finance offers an audited, security-first ecosystem by CertiK and HashEx. Early buyers receive a 50% token bonus with code PATRIOT50X, boosting entry value ahead of listings. Each project plays a distinct portfolio role: institutional adoption for Solana, technical breakout for SHIB, and bonus-driven presale access for MAGACOIN Finance. Traders should weigh these factors and position before Q4 market shifts.

KindlyMD, listed on Nasdaq as NAKA, filed an SEC registration for a $5 billion at-the-market equity offering to fund its corporate Bitcoin treasury strategy. The firm recently merged with Nakamoto Holdings and purchased 5,744 BTC (approximately $679 million) at a weighted average price of $118,204 per BTC. Proceeds from the offering will support ongoing BTC accumulation, working capital, acquisitions and capital expenditures. Despite a 550% year-to-date gain, shares fell about 12% on the filing day and dropped a further 2.7% in after-hours trading, settling at $7.85. CEO David Bailey emphasized transparency, governance and the need to build market liquidity through multiple sales agents. The move follows a broader trend of corporates expanding Bitcoin treasury plans via equity offerings and ETF exposure. Traders should watch SEC filings, BTC accumulation pace and share dilution as key factors influencing market reactions and stock volatility.

VanEck analyst Matthew Sigel has identified the first BTC/ETH divergence since 2021, noting Bitcoin’s price has fallen over 10% while Ethereum remains flat. This unusual split, observed only 52 times since 2020, signals bearish momentum. Historical data show a median 15.6% BTC drop over 30 days versus an 8.4% ETH decline; in the first week, BTC typically dips 2.8% while ETH gains 6.4%. The BTC/ETH divergence pattern has preceded short-term declines in both assets. Sigel warns that this market configuration may foreshadow further downside, despite Ethereum providing temporary support. Traders should monitor these metrics, as past divergence events have often triggered market sell-offs.

Ronin Network has kicked off an RFP process inviting four leading Ethereum Layer 2 providers—Arbitrum, Optimism, Polygon and ZKsync—to submit sequencer-based solutions for its Ronin L2 migration. The two-phase selection begins in late August 2025, with each bidder outlining technology stacks, security track records, performance benchmarks, EVM compatibility, migration plans and commercial terms. Optimism offers its battle-tested OP Stack with hybrid optimistic + ZK rollup security and sub-second gaming transactions; Arbitrum pitches Orbit RaaS, native RON gas support and ultra-fast 0.25 s block times; Polygon proposes its Agglayer CDK with zkEVM proofs, 1 M TPS potential and full sequencer fee ownership; ZKsync details its native zkOS stack for sub-second finality, programmable gas token and instant cross-chain interop. The migration, slated for Q1–Q2 2026, will also introduce a revamped Proof of Distribution tokenomics model. This move toward Ethereum L2 is designed to boost security, speed and ecosystem incentives for developers and players alike.

SharpLink Gaming has deepened its Ethereum treasury strategy since June 2 by launching its staking program and raising capital via direct offerings and at-market (ATM) token issuances. On August 19, SBET acquired 143,593 ETH for $667 million at an average price of $4,648 per ETH. In the week to August 24, the company spent $252 million to obtain 56,533 ETH at $4,462 per token, lifting its total ETH holdings to 797,704 ETH valued at $3.64 billion. These ETH holdings were funded by $537 million from an earlier offering and $360.9 million in net ATM proceeds, leaving approximately $200 million in cash reserves for future ETH acquisitions. Since June, SharpLink Gaming’s staking program has generated 1,388 ETH in rewards, and the firm launched a $1.5 billion share buyback to capitalize on its net asset value. Corporate Ethereum reserves across all public companies now exceed $12 billion (over 2% of total supply), with BitMine Immersion leading at 1.71 million ETH. While ETH has surged over 80% in the past 60 days, SBET’s shares have fallen 65% since June.

Bitcoin sentiment on Binance shows a recent shift into bullish territory as spot buying volume delta turned positive at $676 million on August 25, according to CryptoQuant. This marks increased demand for BTC among Binance users after a 7% price drop from $117,400 to $108,666 over two weeks. Historically, rising spot buying on Binance has preceded price declines, as institutions exploit retail liquidity. Retail traders often buy at peaks, while institutions sell into this demand. The pattern suggests that current positive Bitcoin sentiment may be a liquidity trap rather than a genuine rally catalyst. Analysts warn that Bitcoin must hold above $100,000 to maintain its bullish structure. BlackRock’s recent $500 million BTC sell-off and fading momentum in the Bitcoin Bull Score Index further indicate caution. Traders should watch key support at $100,000 and monitor exchange flows for clues on market direction.

Ethereum Foundation’s Office of Academic Affairs and Columbia University have launched a blockchain podcast series, “From Whiteboard to Mainnet”. The first episode focuses on optimal dynamic fees. It examines fee-market design, protocol economics and resource allocation frameworks. The hosts review established academic models for dynamic fee mechanisms. They discuss implications for on-chain throughput and cost predictability. This research podcast aims to guide practitioners and traders on fee dynamics and blockchain economics. The collaboration provides rigorous analysis to inform governance decisions and optimal dynamic fees across Ethereum and other blockchain networks.

BitMine Chairman Tom Lee told interviewer Amit that he forecasts Ethereum (ETH) will climb to $5,500 within weeks and reach $10,000–$12,000 by year-end. These targets reflect broader crypto market seasonality, with the fourth quarter historically capturing a disproportionate share of annual gains. Lee noted Ethereum’s roughly 35% YTD return and warned of a possible September correction, which he sees as a buying opportunity. He advised traders to pursue risk management and monitor short-term volatility, entering positions on confirmed dips. Strong Q4 performance will be essential to meet Lee’s year-end projections and could shape Ethereum’s trajectory into 2025.

Coinbase has reduced its XRP cold storage holdings by approximately 73% over three months, dropping from about 970 million XRP across 52 cold wallets in June to a much smaller set of 16 lower-tier addresses by late August. Blockchain analytics show the exchange emptied several large wallets, split others into smaller operational addresses, and moved some funds off-platform. This sharp decrease in XRP cold storage indicates a deliberate custodial rebalancing rather than routine transfers. Similar fragmentation is visible at other custodians like BitGo and Bitstamp, but Coinbase’s reduction is the most pronounced among major U.S.-linked platforms. The timing coincides with XRP trading near the $2.91 resistance level. Lower exchange reserves can tighten available supply and support price if demand holds. Traders should monitor on-chain wallet movements, exchange order-book depth, and withdrawal patterns for supply-side signals. Official custody updates may shed more light on this custody shift.

HYPE Token has surged past $50 to hit a new all-time high, driven by strong community support, innovative project updates and favorable market sentiment. According to CoinMarketCap, HYPE Token’s price jumped 11.8% to $49.36 trading close to the $50 mark. Rising trading volumes signal increased buy-side pressure and growing investor confidence. Key catalysts include technological advancements within the HYPE ecosystem, strategic partnerships and positive media coverage. This rally mirrors previous crypto spikes sparked by community enthusiasm and high-profile endorsements. For current HYPE Token holders, the ATH validates their investment but also raises the risk of a short-term correction. Traders should review their portfolios, consider profit-taking strategies and stay informed on project developments. New investors are advised to conduct thorough due diligence, examining the whitepaper and roadmap before entering the market. Overall, the HYPE Token’s breakthrough to $50 underscores its rising influence in the crypto market, setting the stage for potential further gains while highlighting the need for prudent risk management.

CSLM Digital Asset Acquisition, a special purpose acquisition company, launched a SPAC IPO to raise $200 million by issuing Class A common shares and warrants on the Nasdaq under ticker codes KOYN and KOYNW. The SPAC IPO aims at blockchain merger opportunities with firms leveraging distributed ledger technology, including wallet infrastructure, custody solutions, exchanges, data protocols, tokenized financial instruments, DeFi applications and cross-border payments. The fundraising will fuel growth in blockchain infrastructure and tokenization, positioning CSLM to capitalize on demand for decentralized finance and cross-border finance solutions.

Hyperliquid (HYPE) surged to a record high price. Data shows HYPE briefly touched $50.227 before settling at $49.475. The token’s 24-hour gain reached 12.16%. This rally reflects strong buying pressure in the altcoin market. Traders may expect continued volatility as momentum builds. Market watchers will monitor HYPE’s support and resistance levels for trading signals.

BNB price fell 2% to $840, retreating from a $900 all-time high. The BNB price now risks testing the key $800–$820 support zone after a bearish ABCD pattern emerged on the daily chart. While the token remains above its 50-day moving average (~$783), it sits below the 9-day average (~$853), and trading volume has slowed, suggesting measured profit-taking. On the derivatives side, BNB futures open interest dropped 1% to $1.48 billion and trading volume fell 9% to $1.88 billion, indicating reduced leverage. Meanwhile, B Strategy, backed by YZi Labs, plans a $1 billion BNB treasury to fund new projects and tighten governance following an oversubscribed $500 million round. The fund aims to bolster network growth and prevent governance lapses.

The CFTC faces a critical personnel vacancy as Commissioner Kristin Johnson steps down on September 3, leaving Acting Chair Caroline Pham as the sole remaining commissioner. With only one seat filled, the agency’s capacity to advance cryptocurrency regulation is uncertain. Brian Quintenz, nominated by former President Trump, awaits Senate confirmation amid divided industry support. Proponents argue Quintenz’s a16z and Kalshi background could drive innovation, while opponents, including Gemini’s Tyler Winklevoss, question his suitability. The CFTC’s role in overseeing derivatives and potential spot crypto markets hinges on timely appointments. Extended vacancies could expose policy decisions to legal challenges and strain limited federal resources. Market participants should monitor Senate action closely, as prolonged regulatory uncertainty may impact trading strategies and crypto market stability.

Financial expert Levi Rietveld argues the Federal Reserve is set to cut interest rates within a month, marking a strategic pivot that prioritizes unemployment over inflation. He points to a 0.9% month-over-month rise in the Producer Price Index and 53 consecutive months of Consumer Price Index inflation above 2%, alongside a 258,000-job downward revision for May and June. Rietveld warns that rate cuts amid high inflation could destabilize the U.S. economy, but sees a major opportunity for digital assets—especially XRP. He predicts XRP will outperform Bitcoin as monetary easing fuels demand for cross-border settlement solutions. Traders may position for a significant XRP rally over the next 12 months if the Fed follows through.

Google Cloud Web3 has launched its Universal Ledger, a proprietary distributed ledger solution for digital assets. The Universal Ledger supports asset issuance, management, and payment workflows. It integrates tightly with Google Cloud infrastructure, offering enhanced security, scalability, and programmability. Early access is open to developers and enterprises. The Universal Ledger aims to simplify token creation and asset tracking. It provides an interoperable framework for on-chain and off-chain operations. Businesses can deploy Web3 applications faster. Programmable features allow use cases in supply chain finance, loyalty programs, and tokenization of real-world assets. Challenges include ecosystem adoption and regulatory compliance. Google Cloud Web3 will leverage its resources to address these issues. The Universal Ledger positions Google as a key innovator in blockchain services. Early testers can shape the platform’s development. This launch marks a significant step toward mainstream digital asset management in the cloud.

Glassnode’s latest Market Weekly report shows the Bitcoin market turning fragile. Last week, the spot RSI entered oversold territory, and price momentum softened. Cumulative selling intensified while trading volume remained steady but lackluster. This suggests weak buyer confidence in the Bitcoin market. On-chain data reveal muted ETF flows and slowing capital inflows. Futures open interest contracted, pointing to reduced leverage. Meanwhile, funding rates are elevated, reflecting extended long positioning. In the options market, open interest rose modestly as the volatility skew narrowed and the 25-delta skew increased. This highlights growing demand for downside protection. Taken together, these indicators point to a more fragile market structure. Weaker on-chain demand, compressed profitability, and lackluster inflows add to potential volatility. Near-term direction will hinge on whether marginal liquidity returns to stabilize prices or if heightened volatility drives deeper consolidation in the Bitcoin market.

Binance will temporarily suspend RUNE deposits and withdrawals from 4:00 p.m. UTC on August 28 to support a crucial RUNE network upgrade. Spot trading of RUNE remains available. The pause in RUNE deposits and withdrawals prevents transaction errors during the upcoming hard fork. Binance assures users that RUNE assets on the exchange are secure throughout the upgrade. Traders should complete any RUNE deposits or withdrawals before the cutoff. For resumption times, monitor Binance’s official announcements. This precaution ensures system compatibility and network security. The RUNE network upgrade on the THORChain protocol aims to enhance performance, bolster security, and introduce new features.

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.