Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Glassnode data shows Bitcoin surged to a record $118,000 despite historically low spot and futures volume. Trading volumes plunged in late June and only modestly recovered after the breakout, indicating thin liquidity around the ATH. Meanwhile, long-term holder net unrealized profit/loss (NUPL) rose to 0.69 but remains below the 0.75 euphoria threshold, signaling limited market mania as seasoned investors continue accumulating. Traders should monitor key on-chain metrics—NUPL, Spent Output Profit Ratio (SOPR) and volume trends—to gauge sentiment shifts and potential supply shocks. At time of writing, Bitcoin is trading around $118,000, up over 9% in a week, underlining a sustainable rally tempered by low liquidity risks.

Stellar XLM reversed its downtrend with a bullish engulfing close above $0.32, signaling a shift in market structure. On July 11, XLM surged 25% after Bitcoin set a new all-time high above $118,000, reclaiming $0.40. Traders now eye resistance at $0.42–$0.45, aligned with the VWAP and upper Bollinger Band, while support holds at $0.32–$0.37. A healthy retracement to $0.35–$0.38 could set a higher low and confirm the bullish rally. Stellar XLM saw institutional demand rise as Franklin Templeton tokenized $445 million in US Treasuries on the Stellar network. The upcoming Protocol 23 upgrade vote on August 14 will bring smart contracts via the Soroban engine, featuring CAP-0062 live state prioritization and CAP-0063 parallel transaction scheduling. Stellar XLM’s market cap stands at $9.4 billion with 24h volume of $625 million. Traders should monitor volume spikes, price action around $0.50, and the Soroban vote for fresh catalysts.

Pengu price jumped over 30% in 24 hours after Coinbase changed its X avatar to a Pudgy Penguins NFT, fueling a bullish rally that pushed PENGU’s market cap to $1.4 billion. The US SEC’s acknowledgement of Canary Capital’s PENGU ETF filing—proposing 80–95% exposure to PENGU and related NFT assets—further boosted sentiment. Over the next two days, the PENGU price surged 70% to $0.023, coinciding with Bitcoin breaking above $118,000 and sparking a rotation into risk assets. The Solana memecoin sector valuation rose 12.3% to $12.8 billion, with daily trading volumes topping $6.3 billion. Other Solana tokens like ROBOT (+117.8%), FART (+9.7%) and MFT (+87.6%) also posted strong gains. Technicals show resistance at $0.024 and support near $0.017, with a confirmed breakout above $0.0238 targeting $0.030. Traders are now eyeing Solaxy’s Layer-2 presale (SOLX) and Coinbase’s strategic moves—record-high COIN shares, Deribit acquisition, and tokenized products (cbXRP, cbDOGE)—as indicators of growing institutional interest in meme coins and exchange tokens.

Bloomberg reveals Binance developed the initial smart contract and funded the USD1 stablecoin for Trump-linked World Liberty Financial, facilitating a $2B issuance. Onchain data shows over 90% of USD1 stablecoin supply is held in Binance-controlled wallets, potentially generating $30M in annual interest for the Trump family. CEO Changpeng Zhao filed for a presidential pardon in 2024 following his 2023 guilty plea, a move critics link to the stablecoin project. Binance insists the USD1 stablecoin met its standard listing criteria and denies any special deal, while World Liberty Financial rejects unethical ties. Ethics experts warn of a conflict, given President Trump’s sole pardon authority and his crypto ventures’ recent $620M fortune boost. Traders should monitor potential regulatory shifts, reputational risks to Binance, and possible stablecoin market effects as calls intensify for stricter oversight and greater transparency in politically linked crypto projects.

In August, Bhutan’s sovereign wealth arm moved 449 BTC (approx. $50 M) to Binance over 11 days, including a 100 BTC deposit, signalling a shift in treasury management toward liquidity optimization and active portfolio diversification. The kingdom, which has mined Bitcoin using hydropower since 2019, then sold $23.7 M of BTC (approx. 1,200 coins at $19,700 each) during the recent rally to realise gains. This strategy contrasts with Germany’s Federal Agency for Real Estate Asset Management, which holds 2,270 BTC and plans steady disposals of about 60 BTC monthly to minimise market impact. Market observers say Bhutan’s deposits and swift profit-taking are modest relative to daily Bitcoin volume and are unlikely to trigger major price swings, yet they underscore growing institutional engagement and may prompt other central banks to adopt more dynamic reserve-management tactics.

Pi Coin (PI) has plunged toward its all-time low near $0.40 after the protocol unlocked over 300 million new tokens between July 4–15, boosting exchange reserves by over 100 million PI and signaling institutional sell pressure. Over the past two weeks, Pi Coin fell 26.4% to trade around $0.465, decoupling from major market gains as Bitcoin rallied to $118,000 and Ethereum reclaimed $3,000. On-chain activity remains muted despite 500,000 user migrations to mainnet and $137 Ventures backing. Technically, Pi Coin trades inside a descending channel, with RSI at 55.5, a bearish MACD, declining volume and key support at $0.40–$0.35. Resistance sits at $0.53, $0.60 and higher targets of $0.98–$1.67. While a breakout above the channel could reverse the trend, short-term downside toward $0.35 appears likely. Mid-term recovery hinges on dApp adoption via Pi App Studio, identity tools and staking features.

Sei price jumped 22% to a five-month high on July 11 after native USDC integration and a technical breakout above $0.30. The layer-1 blockchain’s V2 launch drove an 800% increase in TVL and a 3600% surge in daily EVM transactions. Native USDC support via Circle’s CCTP V2 enabled seamless transfers with Ethereum, Solana, and Avalanche, boosting stablecoin TVL by 100% and monthly stablecoin transfers to 240 million. Trading volume spiked over 200%, while open interest in futures rose 210%. Momentum indicators and a breach of the $0.30 neckline signal further gains, with a potential target near $0.50. Institutional catalysts include Circle’s 6.25 million SEI holdings and a pending WYST stablecoin review. Traders are watching $0.30 support and profit-taking around $0.35. This surge in Sei price underlines growing DeFi and cross-chain adoption.

MultiBank Group has confirmed the Token Generation Event (TGE) for the MBG Token on July 22, 2025. This marks the token’s official launch on the blockchain. After the event, holders can view balances and trade MBG Token on the regulated MultiBank.io exchange and on Uniswap. Backed by $29 billion in assets across four pillars—CFD trading, the MEX Exchange, real-world asset tokenization, and regulated crypto markets—the MBG Token aims to bridge traditional finance and blockchain. MultiBank Group’s $440 million buyback and burn program and $35 billion in daily trading volume provide strong deflationary support and liquidity. Traders should prepare for the Token Generation Event (TGE) date and explore MBG Token trading opportunities on both launch platforms.

XRP topped a key resistance against Bitcoin at 0.00002050 BTC, closing above the daily Bollinger Band to signal renewed bullish momentum and higher volatility. After prior consolidation, XRP faces its next BTC hurdle at 0.00002373 BTC, with a longer-term target zone between 0.000029 and 0.000030 BTC. On the USD pair, XRP trades between $2.17 and $2.35 (up 10.6% this week), eyeing a $2.43 breakout that could push it toward $2.61. The RSI near 68 underlines strong buying interest, with support at $2.07 and $1.90. Meanwhile, ADA trades in a $0.54–$0.62 range (up 9% weekly but down 31% in six months), testing resistance at $0.65 before a potential $0.73 rally. Short-term moving averages on ADA are bullish, though long-term recovery remains challenged. Traders should monitor these key resistance and support levels for entry and exit signals.

Bitcoin surged past $118,000 and Ethereum briefly reclaimed $3,000 as traders brace for a major options expiry. Deribit-listed BTC contracts worth $4.3 billion and ETH contracts worth $710 million expire today, with Bitcoin’s put/call ratio at 1.05 (max pain $108,000) and Ethereum’s at 1.11 (max pain $2,600). Analytics platform Greeks.Live warns of extreme 500× leverage positions despite muted institutional involvement. Meanwhile, the Royal Government of Bhutan offloaded 100.215 BTC (~$11.83 million) to Binance—part of a year-long sale of 2,262 BTC at an average of $88,612—leaving 11,611 BTC (~$1.37 billion) on its balance sheet. Traders should expect heightened volatility as market makers hedge positions, testing support levels in the short term amid bullish long-term trends.

ENA token surged 25% after its listing on Upbit spurred a breakout above the descending triangle’s upper trendline. Trading volume jumped over 300%, while net spot inflows hit $3.46 million, the highest in two months. Futures open interest rose 8% to $425 million and the funding rate turned positive at 0.0062%, signaling strong bullish momentum. On charts, ENA token trades above its 20-day EMA at $0.28 and eyes resistance at $0.37 and $0.41. Key support at $0.32 will be crucial to sustain a rally toward the $0.46 target range.

ARKK ETF executed a strategic rebalance this week, offloading 16,627 Coinbase shares (~$6.5 M), 58,504 Robinhood shares (~$5.8 M) and 24,780 Block Inc. shares (~$1.7 M). The move followed Bitcoin’s all-time high near $118,371 and Ethereum’s surge above $3,000, even as Coinbase and Robinhood stocks rose over 4% post-sale. This sale complements a $51.8 M Circle share reduction three weeks earlier and underscores profit-taking amid heightened crypto volatility and ETF flows. Meanwhile, Coinbase launched a real-time data service with Perplexity AI, and Robinhood explored equity tokenisation with EU regulators. Traders should view these adjustments as indicators of cautious institutional positioning during the ongoing crypto rally.

Agora has secured $50 million in a Series A round led by Paradigm, with significant participation from Dragonfly Capital. The funding will accelerate the expansion of its AUSD stablecoin ecosystem and bolster its white-label stablecoin infrastructure for seamless issuance and management. AUSD is a U.S. dollar-pegged stablecoin backed by cash, short-term Treasuries and repurchase agreements. Agora’s stablecoin infrastructure provides full-stack services—regulatory compliance, liquidity management, minting, CEX/DEX integrations and FX on/off-ramps. The platform is live on 13 blockchains, including Ethereum (ETH), Solana (SOL) and Arbitrum (ARB). With billions in cumulative volume and over 50,000 monthly active addresses, Agora serves clients such as VanEck and Galaxy with fee-free USDC or USDT minting and shared yield on reserves. The new capital will enhance scalability, security and interoperability across chains, meeting surging DeFi demand and positioning Agora for international expansion.

Aguila, a leading crypto trading firm, holds a 3,000 BTC long position initiated near recent market lows. The BTC long position has generated a $29.3 million floating profit after recovering from early drawdowns, reflecting disciplined risk management and precise market timing. Analysts track such large BTC long positions as gauges of market sentiment and potential price trends. As Bitcoin navigates regulatory shifts and macroeconomic pressures, Aguila’s profit recovery signals renewed bullish momentum. Traders can use insights on entry points and position sizing to navigate volatility in the BTC market.

The European Securities and Markets Authority (ESMA) has completed a peer review of Malta’s Financial Services Authority (MFSA) under the EU’s Markets in Crypto-Assets (MiCA) framework. ESMA found MFSA well-staffed and expert but noted partial shortfalls in handling material issues during CASP licensing. Key areas for improvement include timely assessment of service providers’ growth plans, conflict-of-interest checks for multi-service firms and enhanced DeFi risk evaluation. MFSA CEO Kenneth Farrugia affirmed that no MiCA licences are at risk of revocation and pledged to implement all recommendations by September 2025, reinforcing Malta’s proactive role in EU crypto regulation.

On-chain data from PeckShield shows the Ethereum Foundation moved 21,000 ETH to a Gnosis Safe proxy over two months. On July 11, Ethereum price reclaimed the $3,000 level, peaking at $3,019 before a slight pullback to $2,990. The 6.6% daily and 16.8% weekly price surge coincided with a 62.9% jump in trading volume, signaling strong market activity. Of the transferred ETH, 7,000 moved to a separate address and 1,210 ETH was sold for $3.5 million USDC at an average price of $2,890. This ETH sale aligns with the Foundation’s new treasury policy to maintain fiat reserves and generate yield through DeFi staking. Historically, such Ethereum Foundation transfers precede local tops and warrant caution. Crypto traders should monitor price momentum, further treasury sales, and staking deployments under this revised strategy.

SHIB price gained 2.62% to $0.00001240, driven by rising volumes and bullish technical indicators. Daily volume hit $262 million and market cap reached $7.3 billion. The meme coin cleared the 23.6% Fibonacci retracement level, with 14-day RSI above 50 and open interest in perpetual futures exceeding 7 million SHIB. Despite whale movements and resistance near $0.00001175, strong support underpins the rally and suggests potential doubling by summer. Renewed DeFi development on Shibarium has lifted investor confidence, though new catalysts are needed to revisit all-time highs. Meanwhile, emerging altcoin Remittix (RTX) raised over $16 million in its presale at $0.0811 per token, sold 550 million tokens and offers a 50% bonus. Its Q3 wallet launch and crypto-to-fiat gateway for global remittances highlight real-world utility, low fees and passive-income potential. Traders tracking SHIB price movement and the RTX presale can spot emerging opportunities and optimize portfolios ahead of Q3.

Solana (SOL) has broken out of a symmetrical triangle pattern, clearing the $153 resistance and the 0.786 Fibonacci retracement level at $153.54. The token currently trades around $158, up 3% on the day, and is holding above its 50-day and 200-day EMAs. This bullish breakout targets a 1.272 Fibonacci extension at $164, with a close above $160 needed to confirm further upside. Trading volumes remain strong above $5.2 billion, supporting the move and offering entry points. Analysts note that sustained gains above $164 could open targets between $186 and $200, while a dip below $147 risks reversing the trend. Meanwhile, institutional backing—from an 8% allocation in the Truth Social Crypto Blue Chip ETF to Fiserv’s adoption of Solana-based stablecoin solutions and the Bullish exchange migration—adds fundamental support. Traders should watch the $147 support level for trend validation and manage risk accordingly.

Kinto suffered a major DeFi hack that drained approximately $1.55 million by exploiting a smart contract vulnerability. Attackers withdrew ETH, USDT and USDC, prompting Kinto to pause all deposits and withdrawals and enlist blockchain forensics to recover the stolen assets. The exploit, linked to its Arbitrum deployment, coincided with a token unlock of 1.86 million K (73.6% supply), intensifying sell pressure. The Kinto DeFi hack sent the K token from $8.12 to a record low near $0.51, collapsing market capitalization and triggering community calls for transparency. Security firms are investigating while Kinto pledges to reimburse protocol losses and publish a post-mortem report. Traders should monitor on-chain recovery updates and the outcome of the security audit for signs of restored confidence and potential price rebound.

XRP has gained momentum, rising to $2.44 after a 2.6% surge to an intraday high of $2.46, driven by record institutional accumulation. The token broke initial resistance at $2.43–$2.46 on heavy volume before profit-taking cooled gains. Now consolidating above the 21-week EMA at $2.30 within a tightening wedge, XRP is approaching a critical resistance zone between $2.70 and $2.90. Traders are eyeing a daily close above $2.70 to confirm a bullish breakout that could lift prices toward $5–$15. Key catalysts include optimism over a likely SEC resolution to Ripple’s lawsuit and growing speculation of a spot XRP ETF. Failure to clear resistance may trigger pullbacks to $2.30 or $2.10, so traders should monitor volume, breakout confirmations and regulatory updates.

Dogecoin rebounded from $0.1482 to around $0.18, up 3.56% in 24 hours, as trading volume nearly doubled to $1.74 billion. This surge reflects renewed interest from retail traders and whales, reducing downside risk. DOGE’s 0.67 correlation with Bitcoin—recently past $111,000—bolstered momentum. On-chain analysis suggests that holding support above $0.16 could trigger a 50% rally, echoing 2023 patterns. Price stability and increased participation signal further upside potential in the short to medium term, though traders should monitor key support levels and manage risk given meme-coin volatility.

Emirates Airlines has signed a memorandum of understanding with Crypto.com to integrate Crypto.com Pay across its booking system. The deal, formalized in Dubai with Sheikh Ahmed bin Saeed Al Maktoum and Michael Doersam in attendance, will enable crypto payments—including BTC, ETH and CRO—for flights and services such as tickets, baggage fees and seat upgrades. Roll-out begins in phases from Q4 2025, with every crypto payment converted to UAE dirhams at the point of sale. This move expands payment options, appeals to younger, tech-savvy travellers and aligns with Dubai’s vision to boost financial innovation and cryptocurrency adoption.

A new GMX V1 exploit drained around $42 million from the decentralized exchange’s liquidity pools on Arbitrum and Avalanche. Hackers manipulated price oracles to exploit a share-price miscalculation. After discovering the flaw, GMX halted trading, deposits and withdrawals on V1 and urged users to migrate positions to the unaffected V2 platform. The GMX V1 exploit exposed an oracle vulnerability in DeFi pricing mechanisms. GMX has engaged external auditors for a full forensic analysis and will tap its insurance treasury and liquidity reserves for partial reimbursements. The GMX token plunged over 10% as traders reacted to the breach. This incident underscores ongoing security risks in decentralized finance. Traders should reassess risk management strategies, monitor audit findings and evaluate V2’s security enhancements before reopening positions.

Bhutan’s Druk Holdings and Investments transferred 213.5 BTC (about $23.8 million) to Binance amid a Bitcoin price rally that briefly pushed BTC above $112,000. This deposit is part of an ongoing series: an earlier 212.31 BTC moved over a ten-day span and total inflows have surpassed 964 BTC in two weeks. On-chain analytics firm Arkham Intelligence flagged the large Binance inflows, sparking sell-off fears among traders. Some view the move as profit-taking at peak prices, while others cite bullish patterns—such as a weekly cup-and-handle setup—and strong market sentiment that could drive Bitcoin toward $120,000–$150,000. Alternatively, the funds might support domestic blockchain initiatives in Bhutan rather than trigger a sell-off. Despite potential volatility, Bitcoin’s liquidity should absorb these volumes, and sustained state-level participation highlights robust institutional demand. Traders should monitor on-chain flows and exchange balances for signs of profit-taking or further institutional support.

Pump.fun’s PUMP token ICO has shifted from an Ethereum-based ERC-20 sale to a Solana launch, offering 100 million tokens at $0.05 on Ethereum and later 330 billion tokens (33% of total supply) from July 12–15 for non-US/UK traders. The PUMP token ICO will list on major exchanges, including Bybit, Kraken, Bitget, MEXC, KuCoin and Gate.io by July 18, with an earlier Uniswap listing after the Ethereum sale. Despite promises of liquidity locks, tiered vesting, fee rebates and token buybacks, the PUMP token ICO faces criticism for opaque tokenomics, high gas fees and unaudited contracts. Prominent voices like Vitalik Buterin warn of a memecoin-style pump-and-dump, while SEC and FCA scrutiny may heighten volatility. Traders should monitor unlock schedules, airdrop mechanics and regulatory updates to assess short-term trading and long-term utility.

Bitcoin breakout faces key resistance near the $109,000–$111,250 zone after forming a six-month head-and-shoulders continuation pattern on the weekly chart. A decisive weekly close above the $109,000 neckline with strong volume is critical to confirm the breakout and target a projected $141,300. Invalidation levels lie at $101,500 on weekly closes or a deeper drop below $91,200. Traders should also monitor for a potential pullback toward the $98,270 range low if the breakout fails. The head-and-shoulders setup and volume conditions will determine whether Bitcoin breaks out of its $98K–$111K range toward new highs or remains range-bound.

On June 23, 2024, the Bitcoin Depot data breach was detected after an external hacker accessed the names, phone numbers and driver’s license details of 26,732 customers. The company confirmed the breach on July 18 and, at the request of federal law enforcement, delayed public disclosure until June 13, 2025. Although there is no evidence of data misuse so far, the exposed personal information could fuel identity theft, phishing attacks and targeted scams. In response to the Bitcoin Depot data breach, the operator of over 8,000 U.S. Bitcoin ATMs has implemented enhanced security measures, including advanced threat detection, stricter system monitoring and staff training. Affected users are urged to monitor credit reports, enable two-factor authentication, change passwords and consider credit freezes. This incident underscores the need for robust security across centralized crypto services, such as regular audits, data minimization and strong encryption. While it may dent confidence in Bitcoin ATM services, the breach is unlikely to have a direct impact on Bitcoin’s market price in the short term.

Telegram NFT platform saw Snoop Dogg’s latest drop sell out in 30 minutes. The weed-themed collection minted 1 million tokens and generated $12 million in sales on the TON blockchain. Launched via Telegram Gifts, it features marijuana items, a digital dog avatar, vintage cars, and swag bags. The release coincided with his new track “Gifts” and its music video. CEO Pavel Durov confirmed demand far exceeded expectations. Secondary market trading opens in 21 days on TON. A previous American symbols drop sold out in under a minute, underscoring Telegram NFT’s growing digital economy. This success stands out even as global NFT sales fell 61% year-on-year in Q1 2025. Crypto traders should monitor TON token activity, as celebrity NFT drops often drive trading volumes and market liquidity.

Australia’s central bank, the Reserve Bank of Australia (RBA), has launched a six-month digital currency trial under Project Acacia Phase Two. The trial will test CBDC settlement and tokenization across 24 live and simulated use cases. Major banks ANZ, Commonwealth Bank and Westpac, along with fintech startups, will trial stablecoins, tokenized bank deposits and a wholesale central bank digital currency for fixed-income trading, private markets, trade receivables and carbon credits. Nineteen tests will use actual funds; five will simulate transactions. The pilot operates on distributed ledgers including Hedera, Red Belly Network, R3 Corda and EVM-compatible platforms like Ethereum. ASIC has granted regulatory exemptions for out-of-framework digital asset transactions. Findings, due in Q1 2026, will guide Australia’s federal digital asset strategy and shape future CBDC design. This digital currency trial underscores the growing role of tokenization and CBDC settlement in boosting efficiency and resilience in wholesale financial markets.