Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

MicroStrategy’s Bitcoin strategy reached its five-year mark with a fresh acquisition of 155 BTC for $18 million at an average price of $116,401. Since August 11, 2020, the firm has built its BTC holdings to 628,946 coins, investing approximately $46.1 billion at an average cost of $73,288. At current Bitcoin prices near $120,000, these holdings are valued at over $75 billion, yielding unrealized gains exceeding $30.6 billion. The latest buy lifted MSTR shares by nearly 3% pre-market. To fund its Bitcoin purchases, MicroStrategy has raised more than $46 billion via Bitcoin-backed equity and credit and recently filed a $4.2 billion shelf registration for future acquisitions. Bitcoin trades around $119,500 with rising volume as analysts project a potential run to $135,000, while cautioning the market may peak before October.

An FTX class-action lawsuit filed by former customers targets Fenwick & West, accusing the Silicon Valley firm of creating fraud-friendly structures and opaque shell companies that facilitated the misappropriation of $8B in customer funds to Alameda Research. The FTX lawsuit cites Sam Bankman-Fried’s trial testimony and a bankruptcy examiner’s review of over 200,000 documents revealing encrypted Signal chats and auto-deleting channels used to conceal asset movements. Now part of a multi-district litigation covering 130 FTX-linked entities, plaintiffs allege Fenwick & West also promoted FTX Token (FTT) as an unregistered security, helping raise $1.3B despite insolvency warnings. Fenwick & West denies all allegations. The case, pending in a Miami federal court, may set new legal precedents for attorney liability in the digital-asset sector.

Ethereum developer Federico Carrone was detained in Turkey for 24 hours after authorities linked him to a 2022 research paper on Ethereum privacy tools, including Tornado Cash. Carrone, who denies any intent to facilitate illegal activity, was released without formal charges following global support from contacts in the UAE, UK, US, Europe, Argentina and the Catholic Church. The case against the Ethereum developer remains open, and Carrone has relocated to Europe and hired a Turkish lawyer to mount his defense. He also donated $500,000 in ETH to back Tornado Cash co-founder Roman Storm’s U.S. legal defense, with the Ethereum Foundation pledging to match new contributions up to $500,000. His ordeal highlights rising legal risks for privacy protocol researchers in decentralized finance. Traders should monitor developments around privacy tools like Tornado Cash, as regulatory actions may influence ETH trading volumes and mixer usage.

SharpLink Gaming has undertaken two stock sales to grow its Ethereum treasury, raising $200 million to acquire 521,939 ETH and now launching a $400 million offering. The latest stock sale targets boosting ETH reserves to 598,800 coins, valued above $3 billion—about 1% of circulating supply. This expanded Ethereum treasury underscores investor confidence in Ethereum’s long-term potential. ETH trades near $4,220, up 13.5% over the past week. SharpLink shares dipped 6.6% to $22.34 on the latest announcement but gained over 17% for the week. Institutional demand, including Fundmetal Global’s planned $5 billion sale to buy ETH, is drawing coins off exchanges, potentially tightening supply. Similar strategies for SOL, BNB, DOGE and LINK underline growing corporate crypto adoption and could support bullish ETH price dynamics.

LayerZero Foundation has proposed a $110M acquisition of DeFi bridge Stargate, offering 1 STG for 0.08634 ZRO—valuing Stargate at roughly $127M. The news drove ZRO’s native token up 30% to $2.49 and pushed STG 20% higher to $0.197. Trading volume spiked over 1,000%, reflecting strong market interest. Community members have a seven-day window to comment. Critics cite concerns over the swap ratio’s fairness, potential loss of staking rewards, and governance centralization. A successful merger will unify LayerZero and Stargate’s cross-chain technology, improving operational efficiency. Technically, ZRO has broken above $2.30 and is targeting $3.20. Despite a 67% decline from its December high, analysts remain bullish on ZRO amid rising altcoin demand and fresh USDC inflows. Traders should watch the DAO vote, integration milestones, and any regulatory updates to gauge short-term volatility and long-term market impact.

Build on Bitcoin (BOB) has secured $9.5 million in a Series A round, bringing its total funding to $21 million since December 2024. Leading investors include Castle Island Ventures, Ledger, Cathay Capital, RockawayX and Sats Ventures. The hybrid Layer-2 protocol will use the capital to roll out smart contract functionality, liquidity pools and cross-chain bridges, and to launch its testnet this quarter. BOB aims to enable scalable Bitcoin DeFi services—such as on-chain lending, trading and yield farming—accelerating the development of decentralized finance applications on its network. The team plans to expand its engineering staff and strengthen network infrastructure to meet growing demand. This funding round reflects rising investor confidence in Bitcoin DeFi and the hybrid Layer-2 ecosystem, positioning BOB as a leading DeFi solution for Bitcoin.

El Salvador’s Legislative Assembly has passed a Bitcoin investment banking law, establishing a clear regulatory framework for banks with a PSAD license to hold BTC and offer crypto services to accredited investors. Banks must meet a $50 million capital requirement, serve sophisticated traders with at least $250,000 in liquid assets, and can operate in BTC or USD. The law follows international cooperation agreements with Pakistan and Bolivia to integrate blockchain and stablecoin solutions into national and cross-border finance. On the market front, BTC trades near $118,140, just below the $119,355 resistance level. A successful breakout could trigger accelerated gains, despite a bearish flag on the four-hour chart and an RSI around 62.5 indicating possible pullbacks. Overall, the Bitcoin investment banking law and improved institutional access are bullish for medium- to long-term Bitcoin demand.

Coinbase has launched an in-app DEX trading feature for select U.S. users (excluding New York), allowing direct swaps of Base network tokens without waiting for centralized listings. The Coinbase DEX trading engine aggregates liquidity from protocols like Uniswap and Aerodrome via DEX aggregators, offering optimal pricing, sponsored gas fees, and trading from Coinbase balances or USDC. This Coinbase DEX trading rollout supports initial listings such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs and Super Champs, with phased additions of Base-native tokens over the coming weeks. Following the launch, Aerodrome Finance’s AERO token surged over 28%, underlining the impact on on-chain activity. Coinbase plans to extend DEX trading to Solana and expand geographic access, aiming to boost liquidity, on-chain trading volume and DeFi adoption among US retail traders.

CleanSpark Q3 earnings beat expectations after the Bitcoin miner reported a 91% revenue surge to $198.6 million and net income of $257.4 million. EPS reached $0.78, nearly quadruple forecasts. During the quarter, CleanSpark mined 2,012 BTC, generating average revenue of $98,753 per coin. The company expanded its hash rate to 50 EH/s—5.8% of the global network—and increased its BTC holdings to 12,703 without issuing new equity. Shares remained flat after earnings, rising less than 1% in after-hours trading despite industry-wide benefits from a 32% Bitcoin price rally. Miner reserves stabilized at 1.808 million BTC, indicating a hold-first strategy. Looking ahead, CleanSpark plans to leverage its U.S.-based infrastructure to grow market share as competition and regulatory pressures intensify. These CleanSpark Q3 earnings reflect strong operational momentum and bolster confidence in the Bitcoin mining sector.

Tether invests in Bit2Me with a €30 million minority stake to accelerate its regulated crypto expansion in Europe and Latin America. Bit2Me is the first Spanish-language exchange approved under the EU’s Markets in Crypto-Assets (MiCA) Regulation, securing a Crypto-Asset Service Provider (CASP) license across all 27 EU member states. Founded in 2014, Bit2Me serves over 1.2 million users and 7,000 companies, having processed more than €3 billion in transactions in 2025 alone. Tether invests in Bit2Me to support its EU rollout and strengthen operations in Argentina, capitalizing on high-growth digital finance markets. CEO Paolo Ardoino and co-founders Andrei Manuel and Pablo Casadío highlight the deal’s role in driving transparency, compliance and user empowerment. This move underlines Tether’s strategy in regulated crypto infrastructure and may boost market confidence in USDT.

Bakkt has agreed to acquire a roughly 30% stake in MarushoHotta (MHT) via a share purchase from RIZAP Group, making it MHT’s largest shareholder. As part of the deal, Phillip Lord, President of Bakkt International, will be appointed CEO of MHT, which will rebrand as Bitcoin JP and adopt the www.bitcoin.jp domain, pending shareholder approval. Under the new corporate Bitcoin treasury strategy, MHT will integrate Bitcoin (BTC) and digital assets into its balance sheet. Co-CEO Akshay Naheta highlights Japan’s favorable regulatory framework for expanding cryptocurrency services. To fund this expansion, Bakkt is raising up to $1 billion through a securities offering of Class A common stock and pre-funded warrants. This move follows Bakkt’s recent $75 million equity raise, a $1 billion shelf offering, and addresses prior cash constraints after an SEC warning on its going concern status and a 30% stock drop in March 2025 when major clients, including Bank of America, declined renewals. The transaction underscores growing corporate Bitcoin adoption in Japan and represents Bakkt’s shift from infrastructure services toward asset holding to strengthen its global crypto market position.

China’s Ministry of State Security has warned that a foreign crypto project collecting users’ iris scans in exchange for tokens poses national security and data privacy risks. The advisory, while unnamed, aligns with Worldcoin’s model: using Orb devices to scan irises and issue WLD tokens. Since rebranding to World, the project claims data protection via zero-knowledge proofs but has faced regulatory actions in Hong Kong, South Korea, Germany, Kenya and Taiwan, where iris data is deemed sensitive. WLD now trades around $0.94, down 45% over the past year and about 90% from its all-time high. Continued scrutiny from China may increase Worldcoin’s compliance costs, slow adoption and heighten volatility for the WLD token and similar biometric-crypto projects.

Michigan State Pension Fund has increased its ARK 21Shares Bitcoin ETF (ARKB) holdings from 100,000 to 300,000 shares as of June 30, boosting its position to $10.7 M vs. $4.1 M at Q1 close. This move reflects broader institutional interest in Bitcoin ETF products following the SEC’s January approval of spot Bitcoin ETF vehicles. Other public funds, including the Wisconsin Investment Board, have also disclosed new allocations to BlackRock and Grayscale Bitcoin ETFs. Bitcoin (BTC) trades around $113,000, up 21% year-to-date, as ETF inflows drive fresh demand. The trend highlights a regulated, passive route for institutions to gain crypto exposure without direct custody.

President Trump will sign an executive order directing federal regulators to probe crypto debanking for political bias in banking. The order tasks agencies to investigate potential antitrust, fair lending, ECOA and consumer protection violations by banks that engaged in crypto debanking or closed accounts of conservative groups. It mandates scrapping internal derisking policies and assigns the SBA to review loan guarantees for digital-asset and political businesses. The directive also questions banks’ cooperation in January 6 inquiries and data sharing with government agencies. SEC Commissioner Hester Peirce supports stronger privacy protections for private transactions. Traders should monitor this regulatory shift, as improved bank-crypto relations could enhance liquidity, reduce operational hurdles and support market stability.

Tokyo-based Metaplanet bought 463 Bitcoin on August 4 at an average price of $115,895. This raises its corporate treasury to 17,595 BTC (approx. $2.02 bn), making it one of the top public Bitcoin holders. Over the past year, Metaplanet’s dip-buying strategy grew reserves from under 1,000 to nearly 18,000 BTC. Arkham Intelligence data shows its treasury yield hit 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025 and 129.4% in Q2 2025, with a 24.6% return from July 1 to August 4. To reach its 210,000 BTC target by end-2027, Metaplanet plans to raise up to $3.73 bn via a perpetual preferred shares offering with dividends up to 6%. This mirrors MicroStrategy’s model but adds dividend obligations if Bitcoin weakens. Bitcoin’s price is now compressed around $114,400, facing resistance at the 200-day MA (~$115,300), the $115,724 level and the 50-day MA (~$116,442). Short-term bullish momentum is limited, but Metaplanet’s institutional accumulation may provide support. Traders will watch if Bitcoin can reclaim $115,724 and $116,442; failure could trigger a pullback to $112,200 or the psychological $110,000.

Justin Sun’s August 3, 2025 Blue Origin spaceflight aboard New Shepard not only made him the youngest Chinese-born commercial astronaut but also the first crypto entrepreneur in space. The privately funded NS-34 mission raised $28 million for Blue Origin’s Club for the Future and carried 1,000 messages from the Tron community, marking TRON’s first presence beyond Earth. Sun’s reflections on Earth’s fragility underscored environmental stewardship, while the record-setting flight elevated the visibility of the Tron network and enhanced TRX’s brand profile. However, despite the Justin Sun spaceflight’s extensive media coverage, there was minimal immediate impact on the TRX market or USDT liquidity. Historical trends suggest that high-profile space ventures boost public exposure without driving long-term price shifts. Industry experts point out that meaningful market movements are more likely to arise from future blockchain-space collaborations than from individual flights.

Blockchain intelligence firm Arkham has exposed the world’s largest Bitcoin hack at Chinese mining pool Lubian. On December 28, 2020, attackers exploited weak 32-bit entropy in Lubian’s Trust Wallet code to siphon 127,426 BTC—$3.5 billion at the time, now worth about $14.5 billion. They drained 90% of the pool’s reserves before Lubian transferred the remaining 11,886 BTC into recovery wallets. A further $6 million in BTC and USDT was stolen the following day. Lubian never disclosed the breach and quietly shut down in early 2021 amid regulatory crackdown rumors. Instead, it attempted to recover funds through over 1,500 small transactions. Arkham’s on-chain analysis reveals that private key generation failures, not regulation, caused the crypto hack. The stolen coins lay dormant until their consolidation into a single address in 2024, making the hacker the 13th-largest holder of BTC. This Bitcoin hack underscores critical vulnerabilities in wallet security and the urgent need for improved transparency and operational controls in centralized crypto platforms.

July crypto hacks surged as attackers stole $142 million across 17 incidents, marking a 27% rise from June. The largest breach hit CoinDCX, where malware on a developer’s laptop enabled a server-level hack that cost the exchange $44.2 million. Decentralized exchange GMX suffered a $42 million exploit, though the attacker returned $40.5 million days later. Other platforms including BigONE, WOO X and Future Protocol lost over $46 million in third-party and phishing attacks. These crypto hacks highlight growing exchange security gaps and DeFi vulnerabilities, as hackers shift from on-chain smart contracts to back-end infrastructure and social engineering. Traders should monitor exchange risk and on-chain activity, and strengthen employee device protection to mitigate future threats.

Bridgewater founder Ray Dalio warns that soaring US government debt, now six times annual revenue with $1 trillion in annual interest payments, poses a systemic risk to markets. He predicts any further Fed intervention or new round of quantitative easing could trigger a sharp sell-off in bonds and equities. To protect against currency devaluation and financial contagion, Dalio recommends allocating at least 15% of portfolios to gold and Bitcoin. He praises gold’s historical role as an independent store of value and highlights Bitcoin’s 21 million cap, decentralization and borderless transfers. He also notes Bitcoin’s traceability and potential protocol risks, holding a small personal position alongside gold. Traders should consider this strategy to hedge against rising inflation, geopolitical tensions and market instability. Alternative assets like gold and Bitcoin could offer protection in the next financial crisis.

Ruvi AI presale has raised $2.5M in its phase 2 token sale, selling 200 million tokens at $0.015 each. A CyberScope smart contract audit confirmed security, while a CoinMarketCap listing and liquidity provision via WEEX Exchange prepare tokens for post-sale trading. The project’s blockchain AI suite offers marketing analytics and instant payouts for content creators. VIP investment tiers deliver bonuses of 40%−100%, rewarding early backers. With 2,400 participants onboard and analysts forecasting a $1 token price, traders eye up to 66× ROI. This utility-driven presale and strong market exposure make Ruvi AI presale a bullish opportunity.

Voltage CEO Graham Krizek predicts the Bitcoin Layer-2 Lightning Network will handle at least 5% of global stablecoin volume—around $9 billion daily—by 2028. This forecast follows early integrations like Tether’s native USDT launch in January and Lightning Labs’ Taproot Assets v0.6 upgrade, which enables decentralized stablecoin trading. Despite a 23% drop in network capacity this year, Lightning now supports roughly 14,000 nodes, 44,800 channels, and 3,820 BTC ($448 million) in capacity, with larger average channels indicating greater capital efficiency. Krizek cites rising retail demand, active developer engagement, and growing institutional interest as primary adoption drivers. Platforms like Cash App already route 25% of Bitcoin payments through Lightning, and Voltage is building tools to integrate stablecoin functionality into wallets, targeting over 700 million users. Upcoming onboardings of major issuers such as Circle’s USDC and regulatory clarity under frameworks like the GENIUS Act are expected to accelerate volume growth through late 2025 and beyond. Traders should note Lightning Network’s fast, low-cost transaction infrastructure and expanding stablecoin ecosystem as factors that could drive increased on-chain activity, higher liquidity, and broader market participation in Bitcoin-based payments.

Tesla’s Bitcoin holdings soared to about $1.2 billion in Q2 after the value of its 11,509 BTC climbed from roughly $83,000 to $107,000 per coin, yielding $284 million in unrealized gains under new FASB fair-value accounting rules. The EV maker reported Q2 revenue of $22.5 billion and EPS of $0.40, meeting analyst forecasts despite a 12% year-over-year revenue drop and a 12.6% decline in vehicle deliveries. TSLA shares gained 0.7% in after-hours trading. This transparent quarterly marking of crypto assets may prompt other firms to expand their Bitcoin holdings and reshape corporate asset allocation.

Jim Cramer and major corporations are increasingly turning to Bitcoin to hedge against the US national debt, now above $38 trillion. Rising deficits and inflation risks have pushed traders and institutions to view Bitcoin as a decentralized safe-haven asset. Recent analysis shows Bitcoin prices respond to US budget announcements and debt data. Meanwhile, billions of dollars have flowed into Bitcoin ETFs, underscoring growing institutional adoption. Bitcoin’s limited supply and independent monetary policy make it appealing amid concerns over dollar devaluation. For crypto traders, monitoring US debt trends, Federal Reserve policy, and ETF inflows is vital to anticipate short-term price movements and long-term adoption in mainstream portfolios.

Bitcoin price continues consolidating around $118,000–$118,600 after clearing the zone and is now targeting a breakout above the critical $120,000 resistance. A bullish trend line at $118,200 and the 100-hour moving average near $118,600 underpin the short-term uptrend. Key upside hurdles lie at $120,250 and $122,500, with an extended target at $123,200 on sustained momentum. Initial supports are at $118,500 and $117,200 (76.4% Fibonacci retracement), followed by $116,250 and $115,000. Technical indicators remain bullish: MACD has risen into positive territory, and RSI sits above 50. However, Glassnode analyst James Check warns that reaching a $200,000 price target by year-end would require doubling Bitcoin’s market cap to nearly $5 trillion—an unusually large rally demanding a significant boost in trading volume and market support. Even if Bitcoin crosses $120,000, it must hold higher levels like $130,000 and above to sustain momentum or risk rapid pullbacks. While short-term challenges persist, the long-term outlook remains bullish, with a possible stabilization above $200,000 within five years.

Two large wallets dumped 1.25 billion PUMP tokens over two hours on Coinbase Prime, netting $3.81 million but incurring a $1.19 million loss. Meanwhile, an institutional presale investor moved 3.75 billion PUMP tokens (worth $14.3 million) to Coinbase Prime, aiming for a block sale. Following a co-founder’s announcement of no airdrop, the PUMP token plunged over 20%, from $0.0039 to $0.0031, inflicting a further $700,000 loss. The combined sell pressure underscores the growing volatility of memecoin markets and highlights the risks of timing and liquidity for large orders. Traders should monitor PUMP token order books, project updates, and news catalysts. Implement robust risk management, including stop-loss orders, diverse holdings, and OTC block trades to minimize slippage.

FTX has scheduled a compensation distribution on September 30 to release $1.9 billion from its disputed debt reserves. This tranche covers Class 5 customer claims, Class 6 general unsecured claims and newly approved convenience claims, following a court order that cut the disputed-claims reserve from $6.5 billion to $4.3 billion. Approved creditors must complete KYC, submit tax forms and select a payment channel (BitGo, Kraken or Payoneer) by the August 15 registration deadline. Transfers of claims need to be finalized before the deadline, subject to a 21-day objection period. Once funds arrive at the service providers, creditors assume custody. This move marks a key milestone in FTX’s asset recovery, demonstrating transparency in the compensation distribution process and helping to restore confidence among creditors and the wider cryptocurrency market.

XRP and BNB saw sharp pullbacks after recent all-time highs as profit-taking and heightened volatility swept across altcoins. XRP plunged up to 9.6% to an intraday low of $3.21 on July 23 before recovering to around $3.28, its steepest one-day decline since April and a 12% drop from the July 18 peak of $3.66. Liquidations surged, with over $87M of XRP longs and $157M of Ether positions wiped out amid aggressive selling. Altcoins like Dogecoin (-9%) and Solana (-7%) also tumbled, pushing an altcoin index from 51 down to 43. BNB retreated from a $809 high, though it reclaimed a top-five market cap spot. Meanwhile, Bitcoin dominance climbed to roughly 61% as BTC dipped under 2% to near $118,000, triggering $65.2M in liquidations. Traders should watch for potential support levels and continued risk-off sentiment across the market.

Solana’s SOL price pulled back from $205 to $186 after $30 million in long liquidations and record $12 billion futures open interest. On-chain data showed bearish divergence and high funding rates, triggering a short-term squeeze. However, the Solana price reclaimed $180 support, forming a golden cross on the daily chart and breaking out of an ascending triangle at $205. On the two-month chart, SOL is carving a rare four-year cup-and-handle pattern with a $250 neckline. A successful breakout could target $4,800–$6,000 for a potential 3,000% rally. Key catalysts include an October 10 decision on a spot SOL ETF and the CLARITY Act, which may bring institutional inflows. Near-term resistance lies at $297.50 (a 54% gain), while support zones are at $185 and $165. If $180 support fails, a deeper correction to $168–$157 is possible. Technical indicators are mixed: RSI hovers around 52 and the MACD shows a death cross. Traders should view the current setup as bullish, provided key supports hold.

MultiBank.io has joined forces with Fireblocks and Mavryk to launch a $10 billion real estate tokenization platform, aiming to bring real-world assets (RWAs) on-chain. In its first phase, MultiBank.io and MAG Lifestyle Development will tokenize $3 billion of prime properties, including The Ritz-Carlton Residences and Keturah Reserve, offering fractional ownership from $50. Fireblocks will deliver institutional-grade custody, token issuance and automated compliance, while Mavryk’s programmable blockchain infrastructure handles on-chain issuance, KYC/AML checks and DeFi integrations. The platform bridges TradFi and crypto through MultiBank Group’s ecosystem—spanning MultiBank FX, the planned MEX Exchange ECN, its regulated crypto exchange and the new real estate tokenization marketplace—to ensure governance, liquidity and secondary trading. MultiBank.io recently launched its MBG token on MexC, Gate.io and Uniswap, where it briefly doubled to $1, underlining rising trader interest in asset tokenization. This real estate tokenization initiative is poised to broaden access to RWA tokens and may influence asset tokenization trends in the crypto market.