Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ripple Labs has shifted from its predictable monthly schedule by releasing $2.2 billion worth of XRP (1 billion tokens) from escrow in June 2024. After re-locking 670 million XRP, the net increase to the circulating supply stands at 330 million XRP, bringing the total circulating XRP to approximately 58.76 billion. This adjustment to Ripple’s escrow strategy, first observed in March 2024, indicates a move toward more conservative liquidity management and market stability in the face of regulatory uncertainties. The June release was carried out in three major transactions tracked by Whale Alert, while a coinciding large transfer on Coinbase was identified as an internal movement with no direct market impact. These changes also arrive as market optimism grows surrounding the potential approval of an XRP spot ETF, with current estimates suggesting a 98% chance by the year’s end. The SEC has postponed decisions on spot XRP ETFs, seeking public input. Notably, Ripple has stopped issuing monthly XRP reports, preferring less frequent updates. Traders should closely monitor Ripple’s evolving escrow approach and accompanying regulatory developments, as changes in circulating supply and ETF approvals could drive short-term volatility and influence longer-term price trends for XRP.

Ethereum (ETH) has surged above $2,500, driven by renewed institutional interest and robust ETF inflows exceeding $91 million daily. This has fueled a broader memecoin rally, highlighted by Fartcoin’s 90% gain and Bonk’s 30% rise in the past two weeks. Pepeto, a new Ethereum-based memecoin, has gained traction due to its real utility—integrating a decentralized exchange, cross-chain bridge, zero-fee trading, and up to 285% APY staking rewards. In its presale, Pepeto raised over $5 million at a price of $0.000000131, reflecting strong investor confidence. Pepeto’s focus on ecosystem enhancement rather than competition, along with integration of Layer-2 scaling, offers potential for sustained growth. With the memecoin sector’s market cap nearing $50 billion, anticipation is high for Pepeto’s Tier 1 exchange listing and possible 100x returns. Rising interest in Pepeto signals a resurgence of risk appetite in altcoins and memecoins, potentially boosting market liquidity and trading opportunities if momentum continues.

Key figures from Donald Trump’s potential administration are highlighting plans to overhaul U.S. crypto policy, aiming to re-establish the country as a global hub for digital asset innovation. Scott Bessent, a likely Treasury Secretary candidate, criticized the current regulatory stance under President Biden, claiming it has nearly collapsed the domestic crypto industry and forced capital and talent overseas. The proposed Trump policy would focus on reducing regulatory hurdles, encouraging digital asset innovation and investment, and offering more favorable conditions for crypto businesses to thrive within the United States. In contrast, the Biden administration emphasizes enforcement, consumer protection, and financial crime prevention, relying on agencies like the SEC and CFTC. The debate reflects mounting pressure as global competitors, including Europe and Asia, actively attract crypto investment with progressive regulations. Nevertheless, the envisioned shift faces significant challenges, such as regulatory overlap, political polarization, and the need to balance innovation with consumer safeguards. For crypto traders, the evolving policy landscape—especially pending the 2024 U.S. presidential election—could create new opportunities for growth while influencing market sentiment, capital flows, and the regulatory environment for cryptocurrencies such as Bitcoin. This policy change is poised to have a major impact on the competitiveness and direction of the U.S. digital asset market.

Personal items belonging to Ross Ulbricht, founder of the Silk Road darknet marketplace, were auctioned on the Scarce City platform, generating over $1.8 million exclusively in Bitcoin (BTC). High-profile lots included Ulbricht’s last prison ID, which sold for 11 BTC (over $1.1 million), and several pieces of prison-created artwork. The auction required Bitcoin payments for larger transactions, reflecting ongoing adoption of BTC within the crypto community. The event reignited market interest in more than 430 dormant bitcoins (worth approximately $47 million) still associated with Ulbricht, which remain unseized and unmoved on-chain. These developments highlight the persistent fascination with Silk Road’s legacy, the market value of crypto-related collectibles, and the significance of inactive, historical on-chain Bitcoin holdings in shaping sentiment and trading strategies among cryptocurrency traders.

James Wynn, a prominent crypto trader, sold 126,116 HYPE tokens on the Arbitrum network, generating approximately $4.12 million, according to blockchain analytics platform LookIntoChain. Purchasing these HYPE tokens at an average price of $24.4 between May 9 and May 12, Wynn later sold them for an average of $32.7, securing a profit of about $1.05 million in under a month. This substantial short-term profit highlights Wynn’s strategic trading in the volatility-prone memecoin sector and underscores the profit potential in emerging altcoins. Such a large-scale sale by a top holder may affect HYPE token price behavior on Arbitrum, serving as both an opportunity and a risk signal for other crypto traders. Additionally, Wynn’s move is seen by some as indicating a possible shift in his investment approach or a change in sentiment toward HYPE. The event reflects ongoing heightened activity and volatility in altcoin and memecoin markets, urging traders to monitor large token movements closely for trends and price fluctuations.

Renowned Bitcoin analysts have issued significant BTC price predictions, offering both bullish and bearish outlooks for crypto traders. Doctor Profit previously highlighted the role of macroeconomic factors and technical support zones, forecasting a rise to $87,000 and the potential for a retracement toward $70,000-$74,000, with critical implications if support levels fail. In an updated and bolder forecast, Josh Mandell, a well-known expert regarded for accurately predicting Bitcoin’s 2025 peak at $84,000, now projects BTC rallying sharply to $444,000 before undergoing a dramatic 81% correction back to $84,000. Both analysts stress the importance of risk management and timing in the face of such predicted volatility, emphasizing that traders should be prepared for both significant gains and deep drawdowns. These forecasts are shaping market sentiment and likely to influence BTC trading strategies, as traders navigate potential record highs and subsequent corrections.

Prominent crypto whale James Wynn has significantly increased his Bitcoin (BTC) short position to $629 million (5,877 BTC), with an average entry price of $107,061.6 and a liquidation point at $113,270, currently holding about $150,000 in unrealized profit. Wynn’s high-profile leverage and bearish stance have marked ongoing volatility and growing bearish sentiment among traders. Most recently, Wynn changed his social media profile picture to Bruce Lee and forecasted a short-term rally in the crypto market within 24-48 hours, based on technical analysis, as shared on X. While not direct financial advice, this shift in tone from a prominent trader has drawn intense scrutiny, with traders watching Wynn’s moves closely for strategic cues. His evolving outlook, from sizable shorts to anticipating a possible near-term upswing, signals potential increased volatility and could influence both institutional and retail trading strategies in the current market environment.

Canada has introduced the first spot Solana ETFs with staking on the Toronto Stock Exchange, marking a significant advancement in crypto investment products. The ETFs, approved by the Ontario Securities Commission, enable investors to directly own Solana tokens, secured in institutional-grade cold storage, and earn staking rewards. Four companies including CI Global, 3iQ, Purpose, and Evolve, are providing these products, each tracking different Solana-related indices. The ETFs offer additional returns beyond Solana’s price performance through staking in partnership with TD Bank, with management fees between 0.15% to 1%. Within two days, these ETFs managed to accumulate $73.5 million AUM. This move highlights Canada’s proactive regulatory approach as a model for global crypto innovation. In contrast, the U.S. SEC is reviewing similar crypto ETF applications, which may face delays due to regulatory differences, although Solana futures trading has begun in the U.S. through CME. Canada’s pioneering framework offers insights that could influence global crypto policies.

Former U.S. President Donald Trump recently commented on various economic topics, including U.S.-China trade relations and Federal Reserve policies. Trump reassured that he has no intention of dismissing Fed Chairman Jerome Powell despite past criticisms about interest rate cuts. He signaled a possible reduction in 145% tariffs on select Chinese products such as fentanyl. Trump criticized the current administration for its handling of economic and border issues, asserting that his own policies significantly lowered prices on goods like eggs and oil. This change in stance suggests potential easing of trade tensions, which could stabilize market reactions. Crypto traders are advised to monitor these developments for their impact on market stability and trading strategies.

Deutsche Bank and Standard Chartered are advancing their strategic efforts to enter the US cryptocurrency market, driven by the surge in global interest in digital assets. Deutsche Bank plans to leverage its financial expertise to offer crypto-related products to US clients, while Standard Chartered is exploring partnerships and acquisitions to expand its crypto services. By seeking bank licenses, these institutions aim to gain direct access to the Federal Reserve payment systems and integrate more seamlessly with the traditional financial system. This move underscores the growing acceptance of cryptocurrencies by traditional financial institutions and is poised to enhance legitimacy and adoption. The entrance of these banking giants is likely to impact regulatory discussions and could streamline operational efficiencies, thus potentially influencing the future of both the crypto and banking industries.

Ethereum-related ETFs have witnessed a historical low in assets under management (AUM) with over $1.1 billion in net outflows over the past seven weeks. This contrasts with the strong performance of Bitcoin ETFs, indicating a decrease in investor confidence in Ethereum products. Factors such as competition from other cryptocurrency ETFs, regulatory uncertainties, and the SEC’s cautious stance on staking yields contribute to this trend. Grayscale’s ETHE, now an ETF, has been a major source of outflows due to higher management fees compared to rivals like BlackRock. The SEC’s pending decisions on Ethereum ETFs, particularly on staking, are seen as critical for future market direction. The situation underscores broader concerns about Ethereum’s scalability and competition from other blockchains, further impacting investor sentiment.

The interest in Dogecoin is seeing a resurgence, driven by JA Mining’s innovative cloud mining model. While the initial focus was on exploring new cryptocurrencies such as Bugatti Coin, THCrypto, and AstroDollar, Dogecoin has regained attention due to its new cloud mining paradigm. This model by JA Mining enables users to potentially earn significant returns, attracting both experienced investors and newcomers. The potential for a $30 investment to yield up to $30,000 underscores the allure. While Dogecoin remains under $0.50, its popularity is rising along with its utility in transactions. This highlights a broader market trend towards finding undervalued coins with high growth potential, suggesting a new era of opportunities in crypto investments driven by enhanced mining efficiency and accessibility.

The cryptocurrency market is currently experiencing heightened volatility with Bitcoin perceived to be losing its independence, prompting analysts to recommend cautious trading with strict stop-loss measures. Solana’s MEME whale movements suggest market differentiation, while Singapore’s Gulf Bank is developing regulatory frameworks to introduce new banking and cryptocurrency services, highlighting evolving crypto financial landscapes. The liquidity situation with Trump tokens is drying up, and Binance’s introduction of high-leverage contracts further underscores the heightened investment risks. The decrease in retail traders’ leveraged trading in meme coins signals a shift towards market apprehension, compounded by a bearish sentiment as funding rates turn negative, potentially leading to further market corrections if the trend persists.

The cryptocurrency market is witnessing signs of recovery with major coins like XRP, ADA, and SOL showing significant technical strength. XRP has surpassed the $2 mark, while ADA and SOL are experiencing notable rebounds, highlighting potential for further price appreciation. Concurrently, new crypto projects like Solaxy ($SOLX), aimed at improving Solana’s network issues, SUBBD Token ($SUBBD) for revolutionizing content creation, and PepeX ($PEPEX) for a no-code AI-powered launchpad, are gaining traction. These developments suggest a positive shift in market sentiment, providing growth opportunities amid previous instability.

Sandeep Nailwal, co-founder of Polygon, suggests the traditional four-year crypto market cycle is evolving due to the maturity of crypto as an asset class and increased institutional involvement. US high interest rates have reduced speculative activity, yet future declines in these rates could reignite speculation. The introduction of crypto ETFs and policies during Trump’s administration have bolstered crypto’s legitimacy, changing capital distribution from large to smaller-cap assets during bull runs. However, recent trends show capital may shift towards larger caps amid market stability. This reflects a less volatile environment, indicating a long-term market transformation.

Dominari Holdings, a Nasdaq-listed investment firm, has allocated $2 million to BlackRock’s iShares Bitcoin Trust ETF as part of its bitcoin treasury strategy. This move provides regulated exposure to Bitcoin, easing compliance and asset management complexities. The announcement was made alongside the firm’s Q4 2024 earnings report, projecting a significant profit increase to $19 million. The involvement of Eric Trump and Donald Trump Jr. on Dominari’s advisory board highlights the firm’s digital asset focus. Despite the announcement, Dominari’s stock price declined by 8.2%. The firm is expanding through partnerships, including a stake in American Data Centers Inc., and aims to grow its brokerage operations and Bitcoin holdings. The strategy underscores a growing acceptance of cryptocurrency investment among traditional firms, as Dominari plans to further increase its Bitcoin exposure amid a broader market trend.

Dawgz AI is gaining attention in the cryptocurrency market by merging meme culture with AI-driven trading features. It uses artificial intelligence bots for identifying profitable trades, appealing to investors looking for smart solutions. Built on the secure Ethereum blockchain, it supports smart contract integrations. The coin has a total supply cap of 8,888,888,888 tokens, aiming to sustain long-term value. During its presale at $0.00345, Dawgz AI has successfully raised over $2.8 million, indicating strong demand with about 70% already sold. Analysts anticipate significant post-launch returns compared to other meme coins like Dogecoin, Shiba Inu, and BONK. Given its unique proposition and resonance within the community, Dawgz AI stands out as a prime candidate for high-potential crypto investments.

Solana has gained significant attention due to its inclusion in the US Strategic Crypto Reserve, suggesting enhanced investor confidence and reduced risk. This development, by increasing its market influence, has led to a 26% surge in its price. Analyst Ali Martinez forecasts further growth, predicting Solana to break out of a descending channel and potentially reach $213. Moreover, network enhancements are bolstering its stability, while projects like Solaxy and Remittix are addressing network congestion and facilitating cross-border payments. These initiatives showcase strong investor interest and are likely to drive further adoption, influencing Solana’s price trajectory positively.

Coinbase CEO Brian Armstrong has sparked a debate by comparing Bitcoin to meme coins, stating its value primarily stems from collective belief rather than tangible utility, similar to fiat currencies post-gold standard. This commentary comes amid growing influence of meme coins like Dogecoin and Shiba Inu, which rely heavily on social media endorsements. Despite these views, Armstrong acknowledges Bitcoin’s entrenched status and institutional acceptance, contrasting it with typical meme coins that lack fundamental utility. His remarks have opened further discussions on the evolving understanding of value in digital and fiat currencies, especially after the LIBRA token collapse which led to a significant meme coin market drop and increased skepticism. Armstrong emphasizes focusing on long-term value amidst ongoing challenges such as scams, while cautioning against insider trading.

Analysts predict a downward trend for Binance Coin (BNB) and Cardano (ADA) as they face significant market pressures. BNB is experiencing resistance at $663.80, while Cardano is struggling with development and liquidity issues, trading at $0.6893. Meanwhile, an emerging altcoin, Remittix (RTX), is gaining traction for its blockchain solution to banking inefficiencies, with presale gains expected to be substantial. The RTX token, priced at $0.0567 during presale, may see an 800% increase before launch and potentially a 5000% rise thereafter, drawing attention from investors seeking high returns.

In 2025, the focus is on several promising altcoins. Hive AI (BUZZ) and Wall Street Pepe (WEPE) are gaining traction due to their integration of AI and blockchain, as well as practical applications. Movement (MOVE) seeks to address scalability issues on Ethereum, while Solaxy (SOLX) enhances Solana’s performance. Mantle (MNT) is pushing Ethereum’s scalability forward as a Layer-2 solution. Additionally, a16z and Ozak AI are integrating AI with blockchain for potential VC and smart contract advancements. Sonic, formerly Fantom, and TON, now The Open Network for DeFi and dApps, are also showing significant market growth. These developments highlight the evolving landscape and potential of these altcoins, making them attractive prospects for traders.

Coinbase CEO Brian Armstrong predicts bullish growth for Bitcoin, potentially reaching multimillion-dollar valuations, supported by increased global adoption and favorable regulatory shifts. Armstrong highlights US approval of Bitcoin ETFs, strategic Bitcoin reserves, and increasing institutional interest as significant drivers. Meanwhile, Coinme CEO Neil Bergquist points to the surge in institutional investments by major Wall Street players, such as Morgan Stanley and Goldman Sachs, into crypto ETFs, accompanied by supportive political changes. Bergquist also emphasizes the integration of cryptocurrencies by traditional banks, facilitating seamless fiat and crypto transactions, which could quicken with the election of crypto-friendly leaders. These developments have recently pushed Bitcoin’s price beyond $93,000, signifying market confidence. Both Armstrong and Bergquist underscore the transformative roles cryptocurrencies and stablecoins are playing in global finance, potentially setting a new standard of wealth management and transaction efficiency over the next decade.

Avalanche (AVAX) is experiencing significant growth, spurred by a $250 million token sale and strategic partnerships, including collaboration with firms like BlackRock and Aethir. This expansion is aligned with advancing technological innovations, especially in AI and blockchain, underlined by the US administration’s push for digital transformation. Ava Labs’ founder emphasizes integrating real-world activities into the blockchain sphere. The collaboration with Aethir, through the InfraBUIDL(AI) program, offers developers up to $15 million in support for AI projects, promoting scalable computing and enhanced resources. These developments, coupled with the upgrades like Avalanche9000, are strengthening its ecosystem and positioning it as a competitive force in the US digital economy.

The cryptocurrency market is experiencing shifts with Binance Coin (BNB) approaching a significant price milestone, influenced by potential regulatory changes in the U.S. Avalanche (AVAX) is tackling key support levels, and Tron (TRX) remains profitable despite price fluctuations, highlighting its resilience. Toncoin (TON) faces challenges with investor confidence following a sharp price drop. Meanwhile, Rollblock’s RBLK token is gaining attention for its innovative GambleFi platform, featuring a presale that achieved notable investor interest through a revenue-sharing model. Analysts suggest RBLK’s strategic approach could rival established crypto giants, indicating potential growth and market disruption.

Ripple (XRP) experienced notable movements in September, marked by a 7.2% weekly increase, influenced by the launch of the Grayscale XRP Trust and positive technical indicators such as a bullish cross on the MACD. The potential listing on Robinhood in the EU could further broaden XRP’s market reach. Meanwhile, the crypto market shows a general downturn, with Bitcoin experiencing a short-term decline despite a weekly gain, influenced by reduced large transactions indicating caution among traders. Investor sentiment for XRP faces challenges, with notable investors like Raoul Pal shifting focus away from older projects in favor of newer altcoins such as Bittensor (TAO) and Nervos Network (CKB), posing significant competition. Overall, while the launch of Grayscale’s Trust and possible Robinhood listing have positive implications for XRP, intense competition and shifting investor sentiment underscore hurdles for sustained growth.

An early Bitcoin adopter plans to sue Mt. Gox, a defunct crypto exchange, after his Bitcoin claim was dismissed due to no response to legal notifications. The news sparked significant controversy and backlash within the Mt. Gox insolvency subreddit, with critics accusing the creditor of negligence for not acting sooner. The lawsuit aims to reclaim his share in ongoing Bitcoin repayments.

XRP has seen renewed accumulation, reflected by a reduction in exchange reserves and ongoing capital outflows, suggesting consistent buying activity. Technical analysis highlighted an initial bullish trend, with XRP previously breaking above $2.22 and showing momentum supported by a positive hourly MACD and RSI above 50. The price consolidated above the 100-hour Simple Moving Average, with critical resistance at $2.32 and further targets at $2.35, $2.40, and $2.50. However, recent daily indicators point to a still-bearish swing structure, following rejection from $2.6 and a strong resistance at $2.28, which aligns with the 38.2% Fibonacci retracement level. The NVT ratio has fallen, indicating XRP may be undervalued relative to its activity, while On-Balance Volume reflects buying support lacking the strength for a breakout. Liquidity clusters around $2.29-$2.36 suggest increased short-term volatility, yet a decisive rally above $2.3 remains uncertain. Traders should closely watch the $2.35-$2.4 region for a potential price reversal. In summary, accumulation trends persist for XRP and buyers appear active, but the path to a firm breakout above $2.3 has not been confirmed. The short-term market outlook remains cautiously optimistic, with key resistance levels acting as major tests.

Ozak AI (OZ), a newcomer in the AI-driven crypto sector, has gained significant momentum as it advances to its fourth presale stage at $0.005 per token, surpassing $1.2 million in capital raised. Unlike meme coins such as Dogecoin (DOGE) and PEPE, which rely heavily on community-driven hype and speculation, Ozak AI distinguishes itself through predictive AI technology and advanced financial data analytics on a decentralized platform. Its recent listings on CoinMarketCap and CoinGecko have enhanced credibility and investor confidence. Analysts remain bullish, suggesting that if Ozak AI achieves its development milestones and gains adoption, the OZ token could reach or surpass $1, representing a potential 200x return from presale levels. Meanwhile, established blockchains like Solana (SOL) are perceived as lower risk but with more moderate upside, trading between $100 and $150 with long-term targets around $300. DOGE could potentially deliver 5x–6x returns in a best-case scenario, but lacks substantive utility. PEPE, as another speculative meme coin, remains high-risk with the potential for 2x–4x gains. For crypto traders seeking growth, Ozak AI stands out for its early-stage entry, strong AI technology foundation, and real financial market applications. As institutional and retail interest in AI and blockchain integration grow, Ozak AI’s active presale and rising market attention position it as a high-upside, high-risk investment opportunity for 2025.

eToro’s stock (ETOR) jumped 10% following a ’Buy’ rating from Jefferies, which cited eToro’s unique global retail offering, expanding user base, and strong brand as major strengths. The report emphasized eToro’s ability to differentiate itself in fintech and online trading, notably for supporting over 130 cryptocurrencies alongside stocks and commodities. eToro CEO Yoni Assia previously revealed the platform’s early investment in Bitcoin (BTC) at just $5, resulting in $50 million in profits, highlighting the firm’s crypto expertise and history. Despite 75% of eToro’s revenue now coming from equities, crypto trading still contributes a significant 25%. The Jefferies endorsement, along with eToro’s successful Nasdaq debut, has boosted investor confidence, signaling growing institutional interest in fintech and crypto trading platforms. The combination of a pioneering role in cryptocurrency and diversification into traditional assets positions eToro for continued growth, which could influence crypto trader sentiment and market participation.