Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XRP jumped over 4% after Ripple Labs and the U.S. SEC jointly withdrew appeals, ending their five-year legal battle and removing a major market overhang. The Ripple-SEC settlement delivered legal clarity and sparked a 208% surge in daily trading volume to $12.4 billion, with peak hourly volume surpassing 209 million tokens. Institutional inflows dominated the session, driving volume spikes and underpinning a bullish technical structure above the $3.28 support level. Resistance clusters between $3.30 and $3.33 capped gains, though traders now eye a breakout toward $3.35–3.50. Enterprise updates, including Blue Origin’s XRP integration and SEC approval of Ripple’s enhanced Reg D exemption, could further boost demand. Short-term momentum will hinge on volume trends and whether XRP holds key support, while long-term market confidence may rise as regulatory uncertainty wanes.

ATOM price traded within a $4.47–$4.60 range over 24 hours, reflecting ongoing consolidation. Institutional trading drove heavy volumes on August 11–12, pushing ATOM price down from $4.65 to $4.45 before rebounding. A 1.93 million ATOM volume spike signaled renewed demand, while resistance held at $4.60 and support at $4.47–$4.48. The token later slipped 1% in the final hour, confirming profit-taking. This price consolidation follows earlier intraday volatility, where ATOM price ranged from $4.48 to $4.77 and staged a late-session breakout above $4.53 to set new support at $4.54. Trading volumes surged, driven by institutional interest, and market sentiment improved after Coinbase listed dYdX on the Cosmos blockchain. Crypto traders should monitor ATOM price levels at $4.60 and $4.47 for clear trading signals. With enhanced institutional flows and a strong volume profile, the current pattern suggests accumulation ahead of potential upside toward $5.48 in 2025.

Monero price plunged over 8% to $254.75 after Qubic’s mining pool allegedly executed a 51% selfish mining attack, orphaning 60 blocks in 24 hours. Qubic founder Sergey Ivancheglo confirmed majority hashrate control, but Monero Consensus Status and CoinWarz report total network hashrate around 5 GH/s versus Qubic’s claimed 3.01 GH/s peak. Analysts debate whether this was a full 51% breach or a lucky reorganization. The attack diverted hash power to mine XMR and burn QUBIC tokens, triggering a “hack war” of mutual DDoS accusations that has shaken network security confidence. On the charts, Monero broke below the 50-period EMA on the 4-hour timeframe and formed a descending triangle near $252 support on the 1-hour chart. A confirmed breakdown could drive XMR toward $215.75, highlighting the market impact of selfish mining and the vulnerability of concentrated hashrate. Traders should monitor hash-rate distribution and Monero developer responses for mitigation.

Terraform Labs co-founder Do Kwon faces a US plea hearing on August 12 in the Southern District of New York over the 2022 Terra/Luna stablecoin collapse. Prosecutors have charged him with nine felony counts including securities fraud, wire fraud, commodities fraud and money laundering conspiracy after the collapse erased about $40 billion in value. The SEC also ordered a $4.5 billion civil penalty. Extradited from Montenegro and held without bail for seven months, Kwon’s trial is set for January 2026. The court has ordered Kwon and his lawyers to prepare a statement admitting actions meeting each legal element if he opts to plead guilty. He also faces criminal charges in South Korea. Traders should monitor any plea change or court statements, as a guilty plea could heighten regulatory scrutiny and impact sentiment around Terra collapse-linked assets.

SharpLink Gaming has agreed a $400 million share issuance with five institutional investors to fund further Ethereum acquisitions. The company will issue shares at $21.76 each. The deal, expected to close this Tuesday, will lift SharpLink Gaming’s ETH holdings above $3 billion. Last week, the firm raised nearly $900 million, including $264.5 million via an at-the-market offering, and retains $200 million capacity for future purchases. On the announcement day, SharpLink Gaming’s stock (SBET) dipped 6.6% to $22.34, then recovered to $23.10 in after-hours trading. Since May, the share price has climbed 189% year-to-date despite a 73% intraday drop in mid-June over a resale filing misunderstanding. As of Sunday, SharpLink Gaming holds 598,800 ETH worth around $2.57 billion, ranking second among public holders behind BitMine Immersion. Meanwhile, Ethereum trades near $4,300, up 44.5% over the past month. The ongoing capital raises underscore market confidence in SharpLink Gaming’s Ethereum treasury strategy.

S&P Global has assigned its first-ever DeFi credit rating to Sky Protocol, giving it a B- issuer rating with a stable outlook. The assessment covers Sky’s stablecoin liabilities—including USDS and DAI—and savings tokens sUSDS and sDAI. Sky Protocol scored 4 out of 5 on its ability to maintain USD pegs, indicating constrained stability. S&P cited governance centralization, low capital buffers (0.4% risk-adjusted ratio), regulatory uncertainty, and potential depositor runs as key risks. With USDS ranking fourth by market cap at about $5.36 billion, Andrew O’Neil noted that the B- rating reflects the protocol’s capacity to meet obligations, yet leaves it vulnerable under adverse conditions. This milestone could boost transparency and drive institutional adoption across DeFi platforms.

Paxos has reapplied to convert its New York limited-purpose trust charter into a National Trust Bank Charter under the US Office of the Comptroller of the Currency (OCC). This Paxos National Trust Bank Charter application would allow the firm to custody customer assets and settle payments nationwide under federal oversight, though it would still be barred from taking deposits or issuing loans. The New York conditional approval granted in 2021 lapsed in March 2023. Paxos ceased issuing Binance’s BUSD and reached a $48.5 million settlement with the New York Department of Financial Services, paying a $26.5 million fine and committing $22 million to compliance upgrades. The move comes alongside the enactment of the GENIUS Act, the first federal stablecoin framework that bans yield-bearing tokens. Industry experts predict this regulation will drive institutions toward tokenization markets. Projects such as Uniform Labs’ Multiliquid are developing infrastructure for real-time conversion between tokenized assets and stablecoins. Anchorage Digital remains the only crypto firm to hold a similar federal charter. Other issuers, including Circle and Ripple, are pursuing national trust charters. The Paxos National Trust Bank Charter effort underscores the firm’s bid to enhance compliance and institutional appeal in the evolving stablecoin landscape.

Bo Hines, former Executive Director of the White House Crypto Council, has resigned to return to the private sector but will continue as a special government employee. During his tenure, Hines steered significant advances in US crypto policy, including a 2025 executive order establishing a strategic Bitcoin reserve and a national digital asset inventory. Under his leadership, the Council published more than 100 recommendations on market fairness, taxation, and stablecoin regulation. Hines also championed budget-neutral measures such as revaluing US gold holdings to fund the Bitcoin reserve. Patrick Witt is set to succeed him, continuing work on the GENIUS Act and stablecoin transparency measures. These developments signal stronger regulatory clarity for digital assets and are expected to support long-term market confidence in Bitcoin reserve plans and broader crypto policy.

Chainlink has partnered with Intercontinental Exchange (ICE) to integrate ICE’s consolidated real-time forex and precious metals pricing into Chainlink Data Streams. The integration aggregates market prices from over 300 global exchanges and delivers reliable, low-latency on-chain data to more than 2,000 decentralized applications, DeFi platforms, asset managers and banks. By embedding institutional-grade forex and metals feeds directly into blockchain smart contracts, traders gain accurate valuation, settlement and risk management for tokenized assets. Maurisa Baumann of ICE said this step aligns on-chain markets with traditional finance in transparency and reliability. Fernando Vazquez of Chainlink Labs emphasized its support for scalable tokenization of real-world assets, a sector projected to exceed $30 trillion by 2034. On-chain asset values now total $25.7 billion, while stablecoins exceed $260 billion. Chainlink’s Data Streams network sets a new benchmark for blockchain oracles, strengthens market integrity and is poised to accelerate institutional adoption of tokenized assets.

MicroStrategy’s Bitcoin treasury strategy has delivered a 3,000% stock rally since August 2020, outpacing Bitcoin’s 1,000% gain. The company has raised $46 billion through equity, convertible bonds, and perpetual preferred shares to accumulate 628,946 BTC – about 3% of the fixed 21 million supply. With an average cost basis of $74,000 per coin, MicroStrategy Bitcoin holdings show $30 billion in unrealized gains. On the fifth anniversary, MicroStrategy acquired 155 BTC for $18 million, underscoring its ongoing commitment. MSTR now sees daily trading volumes near $4.4 billion and options open interest around $90 billion. Inspired by MicroStrategy, the top 100 public companies hold 964,314 BTC, highlighting Bitcoin’s growing role in corporate asset allocation.

XYZVerse meme coin has raised more than $15 million in its presale, jumping from $0.0001 to $0.005. The next stage will price tokens at $0.01, offering early investors up to 12× returns. XYZVerse plans listings on major centralized and decentralized exchanges and hints at a high-profile launch. The project allocates 10% of its 100 billion supply for community airdrops. Regular token burns and reward incentives aim to boost engagement among sports fans and crypto traders. At the same time, Bitcoin is approaching its next halving event. Analysts have set a bullish price target of $150,000 based on past supply cuts. Traders should weigh the speculative upside of XYZVerse against Bitcoin’s long-term fundamentals and conduct due diligence before investing.

Ethereum is testing the key $4,400 resistance after a strong rally from $2,400. Long-term on-chain metrics show the all-exchange Exchange Supply Ratio (ESR) declining since 2022, accompanied by sustained exchange outflows and whale withdrawals, signaling accumulation. Conversely, Binance-specific ESR has risen since early 2025 and leveraged futures positions are climbing, raising short-term sell-side pressure. The daily RSI sits around 71, indicating overbought conditions. Fibonacci extensions highlight $4,302 as the next hurdle and $4,886 as the longer-term target. High-density liquidity clusters between $4,300 and $4,400 pose a risk zone. A decisive break above $4,400 could trigger short liquidations and propel Ethereum toward $4,800. Failure to clear this level may lead to profit-taking and a pullback to $4,000 support. Traders should monitor on-chain divergences, leverage levels, RSI readings, and netflows for clearer breakout or breakdown signals.

Ethereum surged over 6% to $4,332, marking its highest level since December 2024. The rally restored co-founder Vitalik Buterin’s on-chain billionaire status, as his 240,042 ETH (~$1.04 billion) holdings surpass $1 billion. Traders now eye a move toward the $4,500 mark, where a potential short squeeze could liquidate $1.35 billion in shorts. Strong spot ETF inflows—$461 million into U.S. Ethereum ETFs in one day and $326 million over five days—outpace Bitcoin ETFs and underscore growing institutional demand. Ethereum faces resistance at its all-time high of $4,878, while ETF flows and market momentum will guide its next moves. Buterin’s caution on leverage in treasury models highlights structural risks. Traders should monitor ETF trends, short squeeze levels, and key resistance points for insights into Ethereum’s near-term trajectory.

Despite public denials, BlackRock faces ongoing speculation over an XRP ETF after ETF analyst Nate Geraci forecast spot ETFs for XRP and Solana in its product pipeline. This renewed optimism follows Ripple’s legal victory, where a court affirmed that XRP is not a security for retail investors, closing years of litigation with the SEC. A potential XRP ETF could grant institutional investors regulated exposure, enhance liquidity, and streamline integration into payment networks. Alongside its Bitcoin and Ethereum ETFs, BlackRock’s entry into an XRP ETF market could reshape crypto investment, though launch timing hinges on regulatory guidance and market competition.

US President Donald Trump issued an executive order directing the Labor Department to revisit ERISA rules and pave the way for 401(k) crypto allocations. Americans hold about $8.7 trillion in 401(k) assets. Even a tiny 1% allocation could channel roughly $87 billion into Bitcoin and Ethereum. Galaxy Digital CEO Mike Novogratz hailed the policy shift as a major catalyst for Bitcoin entry into tax-advantaged retirement plans. Plan sponsors must meet ERISA’s strict fiduciary duties. They need secure custody solutions, transparent audit trails and low-fee products. Current crypto vehicles often lack the liquidity and cost profile required. A sharp downturn could expose fiduciaries to compliance risks. Institutional products like BlackRock’s Bitcoin Trust offer familiar entry points and may lead initial pilots. The market reacted positively. Bitcoin jumped over 3% to about $116,800. Ethereum gained over 6% to near $3,900. Although broad rollout may take time, the order signals a gradual path to mainstream 401(k) crypto inclusion.

SBI Holdings has clarified that its proposed Crypto ETF plans — including a Bitcoin-XRP ETF and a gold-crypto ETF — remain in the planning stage, with no formal applications submitted to Japan’s Financial Services Agency (FSA). The company says it awaits legal revisions to the Financial Instruments and Exchange Act before filing with SBI Global Asset Management, initially targeting retail investors. SBI emphasized the rigorous approval process under Japan regulation, highlighting investor protection and preventing misinformation fueled by early media reports. Traders should note that no Crypto ETF applications are pending and continue monitoring regulatory updates for potential market moves.

On August 7, the SEC and Ripple jointly dismissed appeals, ending the nearly five-year XRP lawsuit. In the XRP lawsuit, the SEC withdrew its classification appeal on retail sales, and Ripple dropped its cross-appeal on institutional trades. Under the settlement, Ripple pays a $50 million penalty to the U.S. Treasury and recovers $75 million from escrow. Critically, the SEC agrees that programmatic XRP token sales are not securities, removing key legal uncertainties and maintaining a permanent injunction on institutional sales. Within hours of the ruling, XRP’s price jumped 12%, with 24-hour trading volume surging to $9.54 billion. This regulatory clarity reduces legal risk for traders and paves the way for broader institutional adoption. Crypto investors can now reassess XRP’s outlook and potential market rallies based on its non-security status.

President Donald Trump is set to sign an executive order targeting de-banking, penalizing banks that refuse services for ideological reasons. The order requires federal regulators to review complaint data and instructs SBA-backed lenders to reinstate wrongly denied customers. It also removes “reputational risk” from supervisory guidelines, a clause critics say has been used to block crypto firms. At the same time, five major U.S. banking associations petitioned the OCC to block crypto bank charters for providers such as Ripple’s XRP trust bid and Fidelity. This clash highlights friction over stablecoin issuance and regulatory control under the new GENIUS Act. For traders, curbing the de-banking crackdown could improve liquidity and reduce operational hurdles for XRP, though regulatory uncertainty may drive short-term volatility.

The New York State Department of Financial Services fined Paxos $26.5 million for Paxos BUSD compliance failures spanning 2019 to 2023. The regulator identified gaps in anti-money laundering due diligence, consumer recordkeeping and risk management within the BUSD stablecoin issuance. Under the consent order, Paxos must overhaul its AML controls, conduct independent compliance reviews and submit regular reports to the NYDFS. Paxos ended its Binance partnership in 2023 and has already invested $22 million in strengthening its compliance framework. These enforcement actions highlight growing stablecoin regulation and oversight. Crypto traders should monitor Paxos BUSD compliance improvements for potential impacts on BUSD liquidity and market confidence. Enhanced risk management may stabilize BUSD supply but could also trigger short-term volatility.

World Liberty Financial (WLFI) has unveiled its USD1 stablecoin loyalty program across selected partner crypto exchanges. The stablecoin loyalty program rewards users with points for trading USD1 pairs, holding balances, staking USD1 for yield, and using it in approved DeFi protocols. WLFI’s launch date will be announced soon. In addition, WLFI proposed a community governance plan to list WLFI tokens on decentralized exchanges and reduce the Trump family’s stake from 75% to 55%. The governance move aims to improve transparency, enable peer-to-peer trading, and involve users in emission schedules and treasury management. Earlier, WLFI airdropped USD1 tokens worth $47 to early backers. These steps seek to drive stablecoin adoption and ecosystem growth.

Tornado Cash co-founder Roman Storm has been convicted by a US federal jury in the Southern District of New York for operating an unlicensed money transmitting service, while jurors deadlocked on charges of conspiracy to commit money laundering and violating North Korea sanctions. The 2023 DOJ lawsuit, overseen by Judge Katherine Polk Failla, alleges Storm’s protocol facilitated laundering over $1 billion—including funds tied to North Korea’s Lazarus Group. Prosecutors argued Storm knowingly profited from illicit use of Tornado Cash; Storm’s defense denied any intent to enable criminal activity. The split verdict underscores the risks faced by DeFi developers operating an unlicensed money transmitting service, with the DOJ indicating it may refile unresolved money laundering and sanctions charges. Legal experts warn the case signals broad federal risks for privacy-focused protocols, and the DeFi Education Fund argues non-custodial developers should not be treated as money services businesses.

Gate, a leading crypto exchange with 34 million users, has joined the Global Dollar Network (GDN) as a Tier 1 partner. Gate now lists the U.S. dollar–pegged stablecoin USDG on Ethereum, Solana and Ink blockchains. USDG is issued by Paxos and backed 1:1 by U.S. dollars or equivalent liquid assets under oversight from the Monetary Authority of Singapore (MAS), Finland’s FIN-FSA and the EU’s MiCA regulation. This move underscores Gate’s commitment to regulatory compliance and financial transparency. By supporting USDG trading, Gate aims to drive stablecoin adoption and expand its PayFi services, offering seamless cross-border payments and bridging centralized and decentralized infrastructure. Gate plans deeper USDG integration across its ecosystem in the coming months and will leverage GDN’s shared rewards model to boost liquidity, improve on/off ramps and enhance user engagement. This partnership marks a pivotal step in building resilient global PayFi infrastructure.

A Pantera Capital survey shows the share of workers paid partly in crypto rose from 3% in 2023 to 9.6% in 2024. Stablecoins account for over 90% of crypto payroll, led by USDC at 63% and USDT at 28.6%. Adoption of stablecoin payrolls is driven by improved on-chain rails, treasury tools and Asia-based teams. Companies increasingly offer hybrid compensation, letting employees split salaries between fiat and crypto for faster settlement, lower fees and seamless cross-border transfers. Token compensation is shifting to long-term incentives—88% of vesting schedules now span four years, up from 64% last year. Pay levels favor experience and technical skills over academic credentials; bachelor’s degree holders earn an average of $286,039, above master’s and PhD holders. Circle’s monthly reserve disclosures, regulatory transparency, a federal trust bank charter application, an ICE partnership and support from the bipartisan GENIUS Act further cement USDC as a compliant institutional payment solution.

Jupiter has launched Jupiter Lend, its decentralized lending platform on Solana, in private beta on August 6, 2025. Jupiter Lend, developed with DeFi partner Fluid, opens six risk-isolated vaults, each capped at $1 million, offering up to 95% loan-to-value ratios and a minimal 1% liquidation penalty. Borrowers can repay via simple wallet-link, while lenders access one-click Earn vaults with auto-optimized APY. One security audit is complete with three more underway. The public launch, slated for late August, will add Multiply Vaults, custom strategies, broader asset support and incentives from over ten ecosystem partners. Jupiter’s native token JUP climbed 12% on the beta news, reflecting bullish market sentiment.

On August 5, Coinbase’s Base Layer-2 network experienced a 33-minute halt from 06:07 to 06:40 UTC after its Conductor sequencer manager automatically failed over to an unprovisioned backup sequencer. The primary sequencer had slowed, triggering the failover and stalling block production without requiring a chain reorganization. This marks the third sequencer-related interruption since Base’s 2023 launch. With over $4.1 billion in total value locked (TVL), Base’s developers will tighten Conductor’s failover process, enforce configuration checks, upgrade the sequencer framework and onboard independent sequencers to avoid single points of failure and improve network reliability. Crypto traders should monitor Base Layer-2 sequencer health, adjust trading strategies and liquidity provisioning to manage potential transaction delays and fee fluctuations.

BDACS, South Korea’s leading crypto custodian, has launched institutional XRP custody services built on Ripple Custody. The new service integrates with major exchanges Upbit, Coinone and Korbit, complying with the Korea Financial Services Commission’s roadmap. It follows BDACS’s partnership with Ripple in February 2025 and preps support for Ripple’s US dollar stablecoin RLUSD. Retail adoption is growing: a Hana Institute report shows 25% of Koreans aged 20–50 hold digital assets, representing 14% of portfolios, with 70% planning to increase crypto exposure. Traditional banks are filing trademarks for won-backed stablecoins. The XRP custody launch gives institutions secure, regulated storage and seamless exchange access, highlighting rising demand for digital asset custody in South Korea and strengthening XRP’s market infrastructure.

President Donald Trump is set to sign an executive order, dubbed Operation Choke Point 2.0, to curb crypto debanking and ban ideological bias in banking. The order instructs federal regulators – the Federal Reserve, OCC and FDIC – to probe banks that cut ties with crypto firms and conservative groups, potentially violating antitrust, consumer protection or equal credit laws. It mandates the removal of internal “reputational risk” policies used to justify account terminations and empowers the SBA to review lending partners for political discrimination. Non-compliant institutions could face fines, consent decrees and heightened DOJ and Fed scrutiny. Banks have begun updating guidelines, pledging not to factor political risk into banking decisions, while legal experts caution the order may face challenges without new congressional authorization. Crypto companies and traders view the move as a boost to market confidence, lowering crypto debanking risk and improving access to banking services.

Ruvi AI has raised over $2.7 million in its presale since listing on CoinMarketCap, selling 215 million tokens to more than 2,600 holders. Phase 2 is now 75% sold, and the token price is set to jump 33% from $0.015 to $0.02. The AI super app targets the $100 billion content creator market with real-time trend research, automated script generation and multimedia publishing tools. A global partnership with WEEX exchange ensures liquidity and seamless trading. A CyberScope audit confirms secure smart contracts and full transparency. VIP presale tiers offer up to 100% bonus tokens, promising early investors potential ROI of over 9,000%. Analysts say Ruvi AI could rival the early momentum of XRP and Avalanche thanks to its real-world utility and CoinMarketCap visibility. Traders should watch Ruvi AI’s bullish trend and price catalyst.

BitMine Immersion Technologies has added 208,137 ETH in one week, bringing its total Ethereum reserves to 833,137 ETH (over $3 billion). This makes BitMine the fourth-largest crypto reserve firm, trailing only Strategy, MARA Holdings and Twenty One Capital. This aggressive ETH accumulation drove Ethereum’s price up nearly 6% to $3,730 before stabilizing at $3,654, reflecting renewed institutional demand. Led by Fundstrat CIO Tom Lee and backed by investors like Bill Miller III, Stanley Druckenmiller and Cathie Wood, BitMine cites softer U.S. labor data and a potential Fed policy pivot as catalysts for further gains. The surge in institutional purchases and tightening Ethereum reserves has intensified competition among reserve firms such as SharpLink Gaming (438,200 ETH) and The Ether Machine. For traders, growing institutional ETH demand and supply constraints signal bullish momentum, suggesting continued price support and upside potential for Ethereum.