Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bunni DEX exploit has forced a pause of all smart contracts after $2.4M in stablecoin liquidity was drained. Attackers manipulated its custom Liquidity Distribution Function (LDF) on Uniswap v4 with precise trades. They siphoned about 1.33M USDC and 1.04M USDT stablecoins into a single wallet. The team urged users to withdraw funds immediately and halted operations across supported chains pending investigation. Euler Finance, Bunni’s liquidity source, confirmed its protocol was unaffected. This Bunni DEX exploit underscores rising DeFi security risks linked to custom liquidity logic and may prompt traders to reassess exposure to bespoke liquidity structures.

BitMEX has launched copy trading with up to 50% profit-sharing for lead traders, enabling users to follow or reverse-follow top strategies. This copy trading feature also offers followers performance insights and flexible profit splits. On August 23, BitMEX migrated its trading engine from AWS Dublin to AWS Tokyo, cutting latency and attracting market makers. As a result, liquidity on BTCUSDT and ETHUSDT perpetual swaps surged by 319% and 541% year-to-date, respectively, while SOL, XRP, DOGE, PEPE, SUI and BCH contracts also saw gains above 300%. BitMEX also unveiled a PnL Dashboard for real-time profit and loss tracking and revamped its Assets section for streamlined deposits, withdrawals and transfers. New users can claim up to $5,000 in BMEX tokens as part of the upgrade.

BlackRock has delayed its plans for a spot XRP ETF, citing regulatory uncertainty and comparatively low client demand. The world’s largest asset manager continues to prioritize its Bitcoin ETF (BTC) and Ethereum ETF (ETH), where SEC guidance is clearer. Rival firms including Grayscale and Bitwise have spot XRP ETF applications under SEC review. Futures-based XRP funds have attracted over $1 billion in inflows this year, signaling strong market interest. Legal uncertainty around Ripple’s SEC lawsuit remains a barrier for BlackRock. Experts still predict a high probability of SEC approval for spot XRP ETFs later this year, but first-mover advantage could raise costs. Unless regulatory guidance or institutional demand shifts, BlackRock’s conservative stance on an XRP ETF is expected to persist, weighing on short-term XRP price momentum.

Analyst PlanC forecasts Bitcoin price to reach $1M by 2032 through a gradual, “slow-grind” path featuring 10–30% pullbacks and extended consolidations. In contrast, Samson Mow predicts an “omega candle” could add $100K in a single day, potentially driving Bitcoin price to $1M by 2025. Prominent bulls like Tom Lee, Michael Saylor, Bitwise, and Cantor Fitzgerald cite supply shocks, ETF inflows, and corporate treasuries as key drivers of strong institutional demand. However, risks persist: Pav Hundal warns widening credit spreads could force leveraged buyers into selling, and Mike Novogratz cautions a sudden surge might signal broader US economic distress. Traders should prepare for choppy market volatility, balancing long-term accumulation with robust risk management as Bitcoin price navigates both bullish catalysts and near-term headwinds.

US Department of Commerce is publishing six key macroeconomic indicators—including real GDP levels, GDP growth rates and the PCE Price Index—on multiple blockchains. Chainlink now delivers these on-chain via its oracle network across ten ecosystems such as Ethereum, Arbitrum, Avalanche and Optimism. Pyth Network will post five years of quarterly US GDP data on over 100 chains. The official economic data is hashed and timestamped for tamper resistance. This on-chain data can power automated DeFi lending rates, derivatives settlements, inflation-linked products, tokenized assets, prediction markets and trading strategies. The move reduces reliance on centralized sources and boosts transparency. Oracle market tokens reacted strongly: PYTH surged 70%, LINK rose 5%, while other oracles like BAND, API3 and TRB saw muted gains. The initiative is expected to drive renewed demand for oracle services. The long-term impact depends on adoption by DeFi platforms and government agencies, but the outlook for the oracle market remains bullish.

Whale trader AguilaTrades has aggressively expanded its ETH short on Hyperliquid, initially opening a 30,001 ETH short position (approx. $128.45 M) at 15x leverage with a liquidation price near $4,383.66. On-chain analytics specialist Ai Auntie later identified an additional 500 ETH short (c. $2.2 M) at 25x leverage, entered at $4,391.60. This scaling ETH short strategy underscores a bearish outlook and could amplify selling pressure. Traders should monitor ETH short interest and high-leverage activity on Hyperliquid as risk-management cues and market sentiment indicators.

Security researchers warn that hackers are exploiting an EIP-7702 vulnerability introduced in Ethereum’s Pectra upgrade to launch a phishing exploit that drains WLFI governance tokens. The attack embeds a malicious delegate contract in compromised smart contract wallets. When users deposit ETH or WLFI as gas, the funds are automatically rerouted to hacker-controlled addresses. The breach occurred one day after WLFI’s trading debut, with the Trump-linked governance token launching at a 24.6 billion supply. WLFI’s price peaked at $0.3313 before sliding to $0.2427 amid reported losses of up to 80% in some wallets. Security firm SlowMist reports that private key leaks remain the primary entry point. Experts advise revoking or replacing malicious delegates, migrating assets to secure wallets and interacting only with official smart contracts. Traders should avoid unsolicited links and monitor WLFI markets closely. This phishing exploit highlights the risks of novel EIP upgrades and underscores the need for robust wallet security.

David Bailey, CEO of Nakamoto custody firm, says Bitcoin’s upside to $150,000 has been capped by selling from two large whales. One whale has sold its holdings and the second is set to follow, removing significant sell-side pressure. Recent whale activity—24,000 BTC dumped on August 24 triggering $500 million in liquidations, and a $4 billion transfer into ETH via Hyperliquid on August 21—has driven volatility. Analysts at Canary Capital, Galaxy Digital, BitMEX and Fundstrat forecast Bitcoin could climb to $140,000–$250,000 by late 2025. Traders should monitor whale flows, exchange inflows, funding rates, options skew and sentiment indices such as the Crypto Fear & Greed Index for signals of a bullish breakout.

This whale reallocated $46.5M by selling 425 BTC and acquiring 10,567 ETH over four days. The BTC to ETH swap highlights a strategic shift toward Ethereum. Bitcoin’s deep liquidity absorbed the sale. The large ETH purchase could drive buying pressure and support a bullish trend. The move may reflect confidence in upcoming Ethereum upgrades and spot ETF approvals. Traders should track ETH price action, on-chain data, liquidity shifts and market sentiment. Avoid overreacting to single whale moves and consider broader economic and regulatory factors.

An ETH whale at address 0xa523 has lost over $30 million in one week through mis-timed long trades. On-chain data from Lookonchain shows the whale opened a 41,931 ETH long near peak prices and closed it five hours ago at lower levels, realizing a $10 million loss on that trade alone. Despite this, the whale still holds 36,578 ETH in leveraged positions, valued at around $160 million. This pattern of buying at market highs and selling at lows underscores Ethereum’s price volatility and the dangers of market timing. The combined realized and unrealized losses now top $30 million, highlighting risks inherent in significant leveraged positions. Crypto traders are advised to monitor on-chain metrics, set disciplined stop-losses, and consider market volatility when managing large Ethereum positions.

WLFI token, the native governance asset of World Liberty Financial, debuted Monday on Binance, Bybit, Bitget and KuCoin, with Coinbase listing pending Ethereum liquidity. The token launch features a 24.66 billion supply: 10 billion to the company, 7.78 billion to Alt5 Sigma, 2.88 billion for liquidity/marketing and roughly 4 billion for public sale. Initial market cap near $6.4 billion saw high trading volume and a 14% price spike to $0.26. Traders must verify WLFI contract addresses on Ethereum, BNB Smart Chain and Solana to prevent scams. Follow the official X account “worldlibertyfi” for confirmed updates.

BRC2.0 enables EVM smart contracts on the Bitcoin network via the BRC20 token standard, going live at block 912,690. Developed by Best in Slot and Domo, the upgrade embeds a custom EVM engine into off-chain indexers, transforming Bitcoin’s token layer into a Turing-complete environment. BRC2.0 leverages Solidity tools and a large developer community to accelerate DeFi applications, including lending protocols and decentralized exchanges. Key wallet provider UniSat has already added BRC2.0 support in v1.7.3, enabling minting, transferring, and storing programmable assets across Taproot, SegWit, and Legacy addresses. Open-source EVM integration aims to prevent fragmentation and drive ecosystem adoption. Quotes from Best in Slot CEO Eril Binari Ezerel and BRC20 founder Domo underscore the goal of uniting Bitcoin’s security with Ethereum’s smart contract flexibility. This upgrade marks a milestone for Bitcoin, introducing composability and programmable tokens, and is expected to drive increased developer interest and demand for BTC.

Japan will issue its first fully collateralized yen-backed stablecoin later this year, leveraging a regulatory framework established two years ago to outpace global peers. Monex Group and fintech firm JPYC plan 1:1 yen stablecoins backed by bank deposits and government bonds to streamline remittances and corporate settlements. On the institutional front, JPMorgan has committed up to $500 million to Numerai, an AI-driven hedge fund, nearly doubling its assets and driving the NMR token up over 120%. ETHZilla purchased 102,000 ETH (approx. $403 million) and approved a $250 million share buyback, while healthcare firm KindlyMD intends a $5 billion equity issuance to acquire 1 million BTC for its treasury. These moves signal a bullish trend in institutional crypto investment, with potential to boost market liquidity and long-term demand.

Ripple CTO David Schwartz has outlined how RLUSD-XRP AMM pools on the XRP Ledger strengthen DeFi liquidity and trading stability. Enabled by the XLS-30D (March 2024) and RLUSD clawback (January 2025) amendments, these RLUSD-XRP AMM pools let providers deposit equal-value XRP and RLUSD, earning liquidity tokens whose value grows with the pool constant and swap fees. These pools use a constant-product formula to rebalance assets automatically, ensuring continuous trading without order books and reducing slippage. While providers earn transaction fees, gains and losses mirror XRP price movements, addressing community queries on fee distribution stability. As RLUSD adoption rises and on-chain liquidity and volumes climb, these AMM pools could become a DeFi cornerstone. Traders should monitor pool performance, on-ledger metrics and upcoming protocol changes to leverage evolving liquidity opportunities.

Nobel laureate Jean Tirole warns that stablecoins—often perceived as risk-free—face hidden dangers that could trigger liquidity squeezes and mass redemptions. He highlights issuers backing reserves with higher-yield but riskier assets, undermining stability. Without strict, transparent reserve requirements, real-time audits and global regulatory oversight, a major stablecoin collapse could spark systemic risk across crypto exchanges, DeFi platforms and traditional finance. Traders should watch stablecoin reserve disclosures, regulatory updates and market sentiment to assess impacts on liquidity and price stability.

TRON has approved the largest fee cut in its history under Tron Improvement Proposal #789, slashing energy costs per transaction from 210 sun to 100 sun. This 60% reduction drops USDT transfer fees from $2.47 to about $0.72, effective at 20:00 GMT+8 and reviewed quarterly by Super Representatives. Supported by founder Justin Sun, the fee cut aims to lower on-chain costs and boost user and developer activity. TRON’s stablecoin suite, including USDT, accounts for a 28% share of the $283 billion market, and the network ranks fifth in total value locked (TVL) with over $6 billion in DeFi assets. While the reduction may dent short-term network revenue, TRON expects transaction volume to rise and revenue to rebound over time. The move strengthens TRON’s competitiveness, promotes DeFi adoption, and could drive broader blockchain growth.

On Aug. 29, Nike and StockX reached a settlement in New York federal court, ending their three-year NFT trademark lawsuit over Vault NFTs linked to Nike sneakers. Nike had sued StockX in Feb. 2022, accusing it of unauthorized use of Nike trademarks in NFTs that served as digital receipts for physical shoe sales. Nike later added claims of counterfeit sneakers sold on the platform, and a March 2025 ruling found StockX liable for some fake Nike shoe transactions. The settlement dismisses all claims with prejudice, cancels the October 2025 jury trial, and offers legal clarity on NFT trademark use, removing a major litigation risk for NFT marketplaces and potentially boosting market confidence.

A major Bitcoin whale has rotated over $4 billion of BTC into Ethereum, significantly boosting its ETH holdings to 886,371 ETH. Initially, the whale swapped $2.59 billion in BTC for $2.2 billion of spot ETH and opened a $577 million perpetual long, later booking $33 million in profit on a $450 million position. On Hyperliquid, it sold $215 million in BTC to acquire $216 million of spot ETH, inspiring nine other whale addresses to add $456 million in ETH. Meanwhile, spot ETH ETFs recorded $1.8 billion in inflows over five trading days, reflecting growing institutional demand for Ethereum. The whale’s 886,371 ETH (~$4 billion) now exceeds SharpLink Gaming’s 797,000 ETH but remains below Bitmine Immersion’s 1.8 million ETH, underscoring continued asset rotation and bullish momentum in the ETH market.

WLFI token unlock fuels DeFi trading as 27 billion WLFI (27% of 100 billion supply) are released after a July governance vote. CoinMarketCap CEO Rush Lu confirmed the figure, surpassing earlier estimates of 3.69 billion tokens. Major exchanges—Binance, Gate and MEXC—opened spot trading based on the updated circulating supply. The community vote on July 5 passed with 99% support on July 10, excluding founder, team and adviser allocations. Of tokens sold at $0.015 and $0.05, 20% unlocked immediately via Cyfrin-audited lockboxes; the remaining 80% vest according to future governance decisions. Ahead of launch, WLFI derivatives open interest peaked at $950 million before settling at $887 million, underscoring high trader demand. The WLFI token unlock, marking its shift from governance-only to tradable asset, is set to drive volatility and test market depth.

WorldShards, a free-to-play cross-platform MMORPG from Lowkick Studio, has secured a ByBit listing ahead of its token generation event (TGE) on September 5, 2025. To boost GameFi adoption, the project offers a 30-day free trial; players active for at least 25 days receive permanent access. Only 5–10% of the token supply unlocks at launch under a fair launch model, with the remainder vested over six years to support long-term stability. WorldShards counts over 500,000 community members, recorded $8.6 million in NFT sales in 2024, and logged more than 600,000 unique active wallets pre-TGE. Veteran developers from titles like World of Tanks and Allods Online power its dynamic gameplay, crafting system, and GameFi roadmap. Further CEX partnerships will be announced post-listing.

Open interest in WLFI derivatives surged to nearly $950 million before a 5% token supply unlock, later settling at $887 million—a 45% rise in 24 hours. Trading volume jumped 535% to $4.54 billion, ranking WLFI derivatives fifth globally. The token trades around $0.34, down from $0.40 a week ago, giving it a fully diluted market cap of $34 billion based on a 100 billion supply. The 5 billion unlocked tokens could lift the circulating market cap to $1.7 billion post-unlock. Binance leads WLFI derivatives with $2.22 billion volume and $436.5 million open interest, followed by OKX. Scheduled for Sept. 1 at 12:00 UTC, the unlock of early-supporter tokens may trigger price volatility. To date, token sales have raised $550 million, with Donald Trump acting as “Chief Crypto Advocate.”

After token caps surged to $16 billion then plunged over 90%, the AI agent ecosystem is resetting. Early projects repackaged OpenAI and Anthropic models as chatbots and failed to deliver. Now, specialized DeFAI platforms like Wayfinder and HeyAnon deploy on-chain AI agents, or Shells, with built-in wallets. These handle tasks from cross-chain swaps to basis trading and leveraged dollar-cost averaging. Infrastructure frameworks such as Virtuals Protocol’s Agent Coordination Protocol, Theoriq, and General Impression standardize agent communication and interoperability. Major platforms like Nansen integrate research agents to streamline on-chain data exploration. As AI agent ecosystem shifts from hype to core crypto infrastructure, secure protocols and trust layers will be critical. Traders can expect deeper automation, novel on-chain strategies, and new trading opportunities.

Ethereum co-founder Joseph Lubin forecasts a 100× rise in ETH price as Wall Street shifts to decentralized finance. He anticipates major institutions, including JPMorgan, will stake ETH, operate validator nodes and deploy Layer 2/3 networks, leveraging their experience with private Ethereum platforms since 2014. Lubin dismisses concerns that Layer 2 scaling will weaken the mainnet and expects ETH to outpace Bitcoin’s monetary base, asserting its strength as a global settlement layer. He highlights growth in DeFi protocols, NFTs and AI-on-chain use cases as further catalysts for institutional adoption. Recent data shows institutional holdings exceed 10 million ETH—3.4 million in Digital Asset Trust and 7 million via ETFs. Morgan Stanley forecasts ETH could reach $7,500 by 2025 and $25,000 by 2028 if institutional stakes surpass 15%, potentially cutting volatility to around 35%. This outlook underlines strong long-term bullish potential for ETH price, supported by enhanced staking, validator networks and scaling solutions attracting institutional investment.

Investors led by Michelle Clarity and Mehmet Cihan Unlusoy have voluntarily withdrawn their Strategy Bitcoin treasury lawsuit. The court dismissed the case with prejudice, barring any refiling, though other investors may pursue separate claims. Strategy holds 632,457 BTC (about $68.4 billion) and has diversified into ETH, SOL, BNB and TRX. Following the Strategy Bitcoin treasury lawsuit dismissal, its stock dipped 0.8%, tracking Nasdaq. The outcome reduces immediate litigation risk for the crypto treasury firm but underscores the need for robust risk disclosures and transparency when managing significant Bitcoin holdings.

Stablecoin issuer Tether reversed its plan to freeze USDT smart contracts on Omni Layer, Bitcoin Cash SLP, Kusama, EOS and Algorand. Instead, it will halt USDT issuance and redemption on these five chains while allowing transfers to continue. This shift follows community feedback and aligns with a strategy to streamline operations. These networks carry minimal supplies—Omni Layer under $83 million, EOS just over $4 million and the others below $1 million. Tether froze new mints on Omni, Kusama and Bitcoin Cash SLP in August 2023, and on EOS and Algorand in June 2024. The issuer will now focus on high-demand ecosystems such as Ethereum (USDT supply $72.4 billion), Tron ($80.9 billion) and BNB Chain ($6.78 billion). The total stablecoin market cap stands at $285.9 billion, led by USDT ($167.4 billion) and USDC ($71.5 billion). U.S. policy support and the GENIUS Act are expected to fuel growth towards a $2 trillion market by 2028.

The Ethereum Foundation has paused open grant applications for its Ecosystem Support Program and will transition to a curated strategic funding model. Active grantees will continue to receive financial and non-financial support. After allocating nearly $3 million to 105 projects in 2024 and $32.6 million in Q1 2025, the Ethereum Foundation cited high application volume as a limiting factor. The foundation plans to announce detailed criteria in Q4 2025, prioritizing layer-1 scalability, cost reduction, developer tooling, and cross-chain interoperability. The Ethereum Foundation also lowered its annual treasury spending limit from 15% to 5% under a new policy aimed at long-term sustainability and launched a $1 trillion security initiative. Amid competition from Solana (SOL), Avalanche (AVAX), and BNB Smart Chain (BNB), this strategic shift seeks to optimize resource deployment and strengthen the Ethereum ecosystem.

On September 1, Solana’s community approved the SIMD-0326 “Alpenglow” network upgrade, cutting block finality from 12.8 seconds to around 150 milliseconds. This change follows earlier performance-focused releases like Turbine and Gulf Stream. By reducing block finality latency, Alpenglow aims to improve transaction throughput, network efficiency and smart contract execution. The Solana engineering team conducted extensive pre-launch tests, and ongoing monitoring will ensure stability. For traders, faster block finality enhances capital efficiency and responsiveness, strengthening SOL’s position among Layer-1 platforms and potentially driving demand. Watch for community feedback and audit results, as any post-launch issues could affect market sentiment.

Shiba Inu has traded within a symmetrical triangle for months, signaling compressed volatility and a pending breakout. A decisive move above the triangle’s upper trendline (around $0.0000132–$0.0000135) could trigger a rally toward $0.0000150–$0.0000160, while a break below $0.0000115–$0.0000120 risks a drop to $0.0000105. Bitcoin slipped below its 50-day EMA after peaking near $120,000, pointing to waning bullish momentum. Key support at the 200-day EMA ($104,000–$106,000) may be tested unless BTC reclaims the 50-day EMA and breaks above $113,000. XRP has broken down from its triangle pattern, trading near the 100-day MA at $2.81 and the 200-day MA at $2.50. Bulls must reclaim $3.00 to negate bearish bias; failure could push XRP toward the $2.00 psychological level. Dogecoin remains near its short-term uptrend at $0.224, with the 50-day EMA as resistance. A close above this EMA could see DOGE target $0.25–$0.27, while a break below $0.21 risks a retest of $0.19. Traders should monitor technical indicators, moving averages, and volume for confirmation of these moves.

MAGACOIN FINANCE has quickly emerged as a leading 2025 altcoin presale, driven by a hyper-deflationary token model, audited smart contracts and transparent governance. With low market cap, scarcity-based tokenomics and strong whale activity, MAGACOIN FINANCE offers risk-tolerant traders potential for up to 50× ROI. Meanwhile, XRP benefits from renewed institutional support and clearer regulation: it recently rallied above $3 on news of a Gemini-backed credit card and expectations for SEC approval of spot ETFs. Technicals show a multi-year “W” pattern with resistance at $3.30 and support near $2.00, while the XRP Ledger’s AMM and global payment corridors underpin real-world utility. For aggressive traders, MAGACOIN FINANCE provides high-volatility, high-reward exposure; conservative investors may prefer XRP’s stability, ETF catalysts and established adoption.