Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Eric Trump reiterated his prediction that Bitcoin could reach $1 million, citing growing institutional demand from nations, Fortune 500s, and family offices. He highlighted Bitcoin’s finite supply, on-chain data showing a 6–12 month UTXO band dominance above 20%, and rising corporate treasury purchases and spot Bitcoin ETF inflows as structural tailwinds. At publication, Bitcoin traded around $108,800 with resistance near $110,000. Trump urged investors to buy and hold, consider dollar-cost averaging, and monitor key on-chain metrics such as UTXO age bands and exchange outflows. While short-term consolidation or pullbacks may occur, long-term Bitcoin upside is supported by scarcity and sustained institutional accumulation. Traders should maintain strict risk management and align allocations with their risk tolerance.

Bitcoin and Ethereum exchange-traded funds (ETFs) recorded combined net outflows of $291.28 million on August 29, following hotter-than-expected US core Personal Consumption Expenditures (PCE) data that stoked fears of further Federal Reserve rate hikes. Spot Ethereum ETFs led with $164.64 million in redemptions, ending six straight days of inflows, while Bitcoin ETFs saw $126.64 million withdrawn—their first daily outflow since August 22. Major outflows hit Fidelity’s FBTC, ARK Invest/21Shares’ ARKB and Grayscale’s GBTC, even as BlackRock’s IBIT and WisdomTree’s BTCW saw modest inflows. The core PCE rose 2.9% year-on-year, its highest since February, underscoring persistent inflation pressures from US tariffs. Ethereum and Bitcoin prices declined 6.75% and 5.32% weekly, respectively, before modest 24-hour recoveries. Despite short-term ETF outflows, institutional demand for spot ETH ETFs remains robust: assets under management for Ethereum products climbed 44% in August to $13.7 billion, and corporates now hold 4.4 million ETH (approx. $19 billion). On-chain moves—such as a 2,000 BTC transfer into Hyperliquid for spot ETH—suggest a potential rotation toward Ethereum ahead of a possible Q4 rally.

Polygon price surged to near $0.28, marking its highest level since early March, as robust on-chain demand underpinned the rally. NFT sales on Polygon jumped 14% week-on-week to $18.9 million, and active addresses climbed to 2.4 million with daily transactions approaching 4 million. The network’s stablecoin supply hit a record $1.32 billion, accounting for over half of all non-USD stablecoins. Additionally, the U.S. Commerce Department’s publication of Polygon data highlighted real-world use cases. Buyer volume outpaced selling at $86.7 million versus $70.6 million, but Santiment’s profit-and-loss ratio of 3.24 signals elevated profit-taking risk. Positive spot netflows of $929,000 suggest potential selling pressure from exchange inflows. Technical indicators remain constructive: price flipped the $0.262 resistance into support, RSI sits near 61, and DMI favors buyers. Key resistance levels stand at $0.28 and $0.30, with support at $0.247 and $0.23. Traders should monitor Polygon price alongside on-chain metrics, spot netflows, profit-taking signals and chart patterns to gauge short-term momentum and risk.

Investors have voluntarily dropped a class action suit against Strategy Inc., the world’s largest corporate bitcoin holder, over its bitcoin accounting practices under FASB’s ASU 2023-08 fair-value rules. The dispute underscores evolving bitcoin accounting requirements and shareholder scrutiny of digital-asset disclosures. Lead plaintiff Anas Hamza alleged that executives including Michael Saylor, Phong Le and Andrew Kang misled investors by downplaying risks and overstating gains from marking its 632,457 BTC at fair market value, despite a $4.22 billion loss in Q1 2025. In August, the suit was dismissed with prejudice in the Eastern District of Virginia, barring refiling by named plaintiffs. While other shareholders may pursue separate claims, the dismissal removes an immediate legal overhang, enabling Strategy Inc to focus on its bitcoin treasury strategy, supported by $359 million in new shares to fund further BTC purchases. As ASU 2023-08 takes effect, transparency in crypto disclosures and fair-value accounting remains critical for firms holding large BTC reserves.

On August 30–31, Onchain Lens data showed a dormant Bitcoin whale executing three BTC to ETH swaps on HyperLiquid, moving a total of 3,000 BTC (~$325 million) into Ethereum. The whale began by depositing 2,120 BTC, converting 1,000 BTC in the first swap, then carried out two more 1,000 BTC to ETH swaps within eight hours. This Bitcoin whale activity highlights growing bullish sentiment on ETH among large holders and may add selling pressure to Bitcoin’s supply. Traders should watch for additional whale-driven BTC to ETH swaps, monitor deposit flows on HyperLiquid and track ETH order book changes for potential short-term trading opportunities.

Bitcoin dropped 5.3% last week, falling from its August 14 high of $124,457 to around $108,738. This downturn has reignited “buy the dip” calls across social media. However, Santiment warns that such market sentiment spikes often precede further falls, as true bottoms form when investor optimism wanes. Total crypto market cap slipped to $3.79 trillion, while the Crypto Fear & Greed Index rose from 39 (Fear) to 48 (Neutral). Conversely, some traders view the pullback as a launchpad for an altcoin rally. The CoinMarketCap Altcoin Season Index has reached 60, signaling growing altcoin interest. Investor Ash Crypto points to extreme oversold conditions reminiscent of 2017 and 2021, while analyst Ak47 highlights an 86.4% chance of a September US rate cut and potential altcoin ETF approvals as catalysts for the next bull phase. Traders should monitor Bitcoin sentiment, market breadth, on-chain flows and macro indicators—including Fed rate expectations and ETF developments—when positioning for swings across cryptocurrencies.

MAGACOIN FINANCE has emerged as the leading crypto presale of 2025, offering tokens under $0.001 ahead of exchange listings. Backed by a fully audited HashEx smart contract, a KYC-verified team, and a clear roadmap, the project targets significant upside during the next bullish cycle. Recent market developments bolster this outlook: Ethereum’s daily trading volume has reached $53.8 billion alongside EIP upgrades boosting scalability, while XRP, following its August 2025 SEC classification as a non-security and new spot ETF filings, consolidates in the $2.50–$3.40 range amid expanding banking partnerships. Shiba Inu shows renewed strength with network burns, Shibarium upgrades, an RSI rebound, and 4.66 trillion tokens moved off exchanges by whales. Traders should confirm presale purchases on the official MAGACOIN FINANCE website to avoid scams.

Analysts rate the MAGACOIN FINANCE presale as a potential 1,000× crypto opportunity. Drawing on Ethereum’s 2014 presale, which rose from $0.31 to over $4,500 by 2025, and Solana’s 2020 launch, up more than 800×, the MAGACOIN FINANCE presale has gained strong community momentum. The project passed an independent HashEx security audit and completed KYC verification. Early investors can claim a 50% bonus code. Its roadmap focuses on DeFi integration, community staking incentives, and transparent updates. Many analysts forecast at least 100× growth, with some seeing 1,000× potential if development milestones are met. Traders should monitor the presale timeline, audit reports, and community engagement as key indicators of future performance and manage risks accordingly.

Pump.fun memecoin platform has executed over $62 million in PUMP token buybacks, funded by launch fees. The platform purchased 16.5 billion PUMP tokens, cutting supply by over 4%. This buyback strategy lifted the PUMP token price by 30%-54% from July lows, pushing market capitalization above $1.29 billion and fully diluted value to $3.6 billion. Solana DEX trading volume topped $335 million in 24 hours. Platform market share surged to 62%, supported by 38,000 daily users and $775 million in revenue since launch. Weekly Solana launchpad volume reached $4.5 billion, surpassing competitors. Technical indicators (RSI, MACD) signal further upside as PUMP approaches resistance at $0.00375. However, aggressive buybacks face sustainability challenges. Concentrated supply among early investors could trigger renewed volatility. A $5.5 billion class-action lawsuit alleging artificial hype adds legal risks for traders.

Data from Shibburn shows the SHIB burn rate surged 3,172% in 24 hours, removing 2.48 million SHIB tokens. Two major burns of 1.33M and 1M SHIB led the spike, underscoring ongoing token deflation. Shiba Inu’s marketing lead, Lucie, described the SHIB burn as a planned deleveraging ahead of the next rally. She noted stocks hitting new highs while BTC and ETH dip, warning of engineered sell-offs by big players. Lucie expects interest rate cuts and fresh liquidity in Q4 to support market gains. Traders should view this SHIB burn event as a sentiment boost rather than a direct price catalyst. However, easing monetary policy and continued token deflation could benefit Shiba Inu and the broader crypto market over the long term.

Japanese gaming firm Gumi, backed by SBI Holdings, has acquired ¥2.5 billion ($17 million) worth of XRP over five months, more than doubling its prior Bitcoin allocation. The purchase aims to boost blockchain adoption by leveraging XRP in international remittance and liquidity networks, in line with SBI’s cross-border payments strategy. Supported by macro catalysts—Donald Trump’s comments on crypto reserves and SWIFT’s testing of the XRP Ledger—this aggressive institutional investment underscores growing institutional adoption of XRP as a strategic treasury asset. Technical analysts note XRP is consolidating above $2.99, with a likely breakout above $3.08. Combined with Ripple’s recent SEC settlement, the move could spark bullish momentum in XRP price action and strengthen its role in liquidity solutions.

CFTC has launched a Foreign Board of Trade (FBOT) registration path for overseas crypto exchanges, marking a shift from enforcement to engagement under its “Crypto Sprint” initiative. The opinion letter and consultation clarify FBOT registration requirements, letting platforms like Binance, Bybit and OKX offer crypto derivatives to US customers without converting to a designated contract market (DCM). To qualify, exchanges must meet host-country regulations comparable to US standards and share trading data with the CFTC. This FBOT registration framework aims to repatriate trading volume, deepen liquidity and foster competition by improving market access and lowering trading costs. US traders will regain access to global venues and a wider product range, while domestic exchanges face renewed rivalry. Market participants expect accelerated product innovation and restored confidence in US crypto markets. However, observers warn of potential overlaps with the SEC and FinCEN, underlining the need for clear timelines and guidelines. Successful implementation of FBOT registration could reshape the US derivatives landscape and bolster investor protection.

Radiant Capital hack continues to unfold as the attacker expands strategic ETH purchases. On-chain data shows that on August 20, 2025, the hacker spent 8.64 million DAI to acquire 2,109.54 ETH at an average price of $4,096, netting over $200,000 when ETH recovered to $4,200. Ten days later, on August 30, the same actor bought an additional 5,475 ETH for $23.7 million at $4,330 per token. These buys follow the 2023 Radiant Capital hack exploit of roughly $51 million, which remains unrecovered and is linked to North Korea–associated hackers. The aggressive ETH purchase strategy complicates asset recovery and adds short-term buying pressure on the market. Traders should monitor on-chain flows, as such activity may influence Ethereum’s volatility, impact DeFi security practices, and drive regulatory scrutiny.

Tether has halted USDT issuance and redemption on five chains while keeping transfers active. The move follows community feedback and aligns with Tether’s strategic focus on high-demand blockchains like Tron and Ethereum. USDT issuance on Omni Layer, EOS, Algorand, Kusama and Bitcoin Cash SLP is now stopped, though existing balances remain transferable. These chains hold under $90 million in USDT combined, led by $82.9 million on Omni and $4.2 million on EOS. Tron and Ethereum still dominate, with $80.9 billion and $72.4 billion in circulation, followed by $6.78 billion on BNB Chain. Other networks such as Solana, Arbitrum and Base mainly use USDC. Since August 2023, Tether has phased out support for minor chains and paused minting on EOS and Algorand in June 2024. Traders should watch liquidity and integrations closely, as limited USDT issuance may affect market access.

Gryphon Digital Mining (GRYP) and Hut 8’s subsidiary have approved a merger to form American Bitcoin (ABTC). This Bitcoin mining merger was ratified by shareholders alongside a 5-for-1 reverse stock split to meet Nasdaq’s listing requirements. Subject to regulatory clearance, the deal will reduce outstanding shares from 82.8 million to about 16.6 million and debut on Nasdaq on September 2, 2025 under ticker ABTC. Post-merger ownership will split 80% to Hut 8 and 20% to American Data Centers, backed by Eric and Donald Trump Jr. The combined group will leverage Gryphon’s low-cost mining infrastructure and American Bitcoin’s BTC accumulation strategy. Disclosed holdings stand at 215 BTC, with external estimates even higher. GRYP shares fell over 10% to $1.54 on heavy volume after the initial announcement. Traders should monitor regulatory filings, the reverse stock split execution, and future BTC treasury updates ahead of the Nasdaq listing.

On August 28, the US Department of Commerce teamed up with Chainlink and Pyth Network to deliver six core economic metrics—Real GDP, GDP change, PCE Price Index and Real Final Sales— as on-chain macro data across Ethereum, Arbitrum, Optimism and Avalanche. Data will update monthly or quarterly. This pioneering on-chain macro data release via decentralized oracles paves the way for new DeFi instruments like GDP-linked derivatives and inflation-hedged bonds. The announcement triggered a surge in oracle tokens. PYTH leapt 91% in 24 hours as open interest jumped 472%, driven by bullish crypto trading sentiment around on-chain macro data. In contrast, LINK slipped 1.36% and saw a 5.2% drop in open interest, weighed down by Bitcoin weakness and a break below $23.60 support. Chart analysis shows PYTH could retrace to $0.196–$0.20 amid overbought conditions, while Chainlink’s price turned bearish after exiting an ascending channel. The US government’s endorsement of on-chain macro data is set to bolster oracle tokens’ appeal in both short-term trades and long-term holdings.

Cryptosolo officially launched its upgraded cloud mining platform on July 31, 2025, delivering an AI-powered, eco-friendly solution for passive crypto income. New users enjoy a $15 bonus and can start with a free one-day plan or customized packages from $200 to $60,000. The intuitive dashboard lets traders track daily ROI, which ranges from 3% to 9% on Antminer and Avalon contracts. Powered by wind, hydro and solar energy, the platform also offers a 3.5% affiliate commission. With no hardware or technical skills required, Cryptosolo has attracted over 8 million users globally and positions itself as a leading cloud mining service, potentially drawing new participants and influencing bitcoin mining dynamics.

Canadian crypto infrastructure firm Luxxfolio has filed a CAD 100 million shelf prospectus to expand its Litecoin treasury. The prospectus, valid for 25 months, allows the issuance of common shares, preferred shares, debt, warrants and other securities based on market conditions. CEO Tomek Antoniak targets a 1 million LTC treasury by 2026, calling Litecoin a “hard currency,” and has enlisted creator Charlie Lee as an advisor. Since pivoting from Bitcoin mining in March 2025, Luxxfolio has built a 20,084 LTC reserve and plans to deploy proceeds to infrastructure, treasury programs and growth initiatives. Despite zero revenue and a Q2 net loss of C$197,000, the company’s stock has risen 28.6% over the past month.

Pudgy Penguins and Mythical Games have launched Pudgy Party, a free Web3 mobile game now available globally on iOS and Android. The battle royale–style title brings NFT gaming to mainstream players by letting them embody their Pudgy Penguins NFTs in fast-paced matches. At launch, gameplay is free without PENGU or MYTH tokens, but a roadmap will integrate both tokens to unlock exclusive outfits, in-game rewards and character upgrades. Pudgy Party also supports minting and trading NFTs directly in Mythical’s in-app marketplace, seasonal events, monthly leaderboards and real-time tournaments. Designed for Web2 and Web3 audiences, the game features seamless wallet support to bridge traditional mobile gaming with on-chain ownership and set a new standard for interactive NFT gaming.

Swiss startup M0 and US-based Rain have jointly raised $100M in Series B funding to advance programmable money solutions and stablecoin infrastructure. M0 closed $40M led by Polychain Capital and Ribbit Capital, enabling developers to issue app-specific stablecoins with embedded rules, preset liquidity and seamless DeFi integration via MetaMask. Rain secured $58M led by Sapphire Ventures to equip banks with regulated digital dollar issuance, built-in payroll tools and cross-border controls. Its platform supports salary payments in over 100 countries and will integrate programmable cards and wallets on Solana (SOL), Tron (TRX) and Stellar (XLM). This Series B funding underscores rising investor confidence in programmable money and rule-based digital currency systems, pointing to wider adoption across financial services and blockchain networks.

Gate has launched GUSD, an RWA-based certificate token that brings US Treasury yield on-chain. Users can mint GUSD 1:1 with USDT or USDC on Gate’s Earn page and earn 4.40% annualized yield backed by US Treasury bonds and platform revenue. GUSD trades against major pairs, including USDT, BTC, ETH, BNB, SOL, XRP, TRX, HYPER and ADA. It can also serve as margin collateral in Gate’s Unified Account. Gate plans futures, margin trading, lending and CandyDrop integrations next. Its first Launchpool event begins on August 29, 2025, offering up to 365% APY in CELB rewards. Additional options include Simple Earn flexible savings. GUSD redemption is instant at 1:1 plus accrued interest. Gate targets over $100 million in GUSD issuance with full reserve proof for 100% backing. Traders gain a stable yield asset with enhanced on-chain liquidity and DeFi utility.

The Sandbox has cut its workforce by 50% as daily active users fell to just a few hundred, many of which are bots. Animoca Brands has taken full operational control and appointed Robbie Yung as CEO. Co-founders Sébastien Borget and Arthur Madrid now serve as ambassador and non-executive chairman. The cuts affect teams in Argentina, South Korea, Thailand, Turkey and Uruguay, and four overseas offices have closed. Despite $300 million in funding and a $1 billion valuation after a $20 million round, The Sandbox’s native token SAND has lost over 90% of its market value since its 2021 peak and trades near $0.28. To revive user interest, The Sandbox is launching a Base-based meme coin platform similar to Pump.fun, a strategic pivot that could boost engagement but also introduce more volatility for traders.

On August 27, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) expanded OFAC sanctions against a North Korean IT network accused of laundering over $600,000 in bitcoin. Vitaliy Sergeyevich Andreyev and front companies Kim Ung Sun, Shenyang Geumpungri Network Technology and Korea Sinjin Trading were designated. They funnelled funds through centralized exchanges, DeFi bridges and mixers. This action follows OFAC’s May 2023 sanctions on Chinyong Information Technology Cooperation. DPRK IT workers deployed overseas under false identities stole data and deployed ransomware for crypto payments. OFAC sanctions target their wallets and front firms to disrupt state-backed crypto laundering and cybercrime. Traders should monitor rising compliance risks and regulatory scrutiny of North Korea-linked crypto flows.

Nasdaq-listed asset manager Caliber has approved a Digital Asset Treasury (DAT) strategy centered on Chainlink (LINK). The board plans to acquire LINK tokens for its equity portfolio, hold them for long-term appreciation and generate yield through LINK staking. To govern asset acquisition, custody and controls, Caliber formed a Crypto Advisory Board under a formal DAT policy. CEO Chris Loeffler noted Chainlink’s decentralized oracle network will strengthen the balance sheet, improve liquidity and automate NAV calculations. Caliber also engaged legal and audit partners including Perkins Coie, Manatt, Phelps & Phillips and Deloitte. The strategy follows Chainlink’s recent US Commerce Department partnership to on-chain macroeconomic data, which briefly pushed LINK to around $25. Caliber’s stock jumped 59% intraday after the announcement. The move underscores growing institutional crypto demand and may set a precedent, despite ongoing Nasdaq equity compliance risks.

Chainlink has launched on-chain macroeconomic data feeds in partnership with the U.S. Department of Commerce, integrating Bureau of Economic Analysis indicators such as Real GDP, PCE Price Index and Real Final Sales to Private Domestic Purchasers. The new Chainlink data feeds update monthly or quarterly across ten blockchains including Ethereum (ETH), Arbitrum (ARB), Avalanche (AVAX), Optimism (OP) and ZKSync (ZKS). By leveraging Chainlink’s secure oracle network alongside Pyth Network’s aggregated data infrastructure, developers can access official BEA metrics in real time for DeFi applications, prediction markets and automated trading strategies. Commerce Secretary Howard Lutnick highlighted that this initiative aligns with U.S. efforts to lead global blockchain adoption and echoed the Deploying American Blockchains Act’s push for federal blockchain integration. Traders can expect enhanced transparency, new data-driven DeFi products, and more efficient on-chain financial instruments as Chainlink extends oracle services with trusted government data.

Bitcoin price remains under bearish pressure below $113,000 after failing to hold recovery above key resistance levels. The BTC/USD pair dropped from a swing high near $117,355 and briefly rebounded at $108,750, but could not clear the 100-hour simple moving average or $112,500 resistance. Recent price action broke a bullish trend line at $112,000 and stalled near the 50% Fibonacci retracement of the drop from $117,355 to $110,734. Immediate resistance sits at $112,400 and $113,000, while support levels are at $110,750, $110,000 and $109,500. Technical indicators reinforce the downside bias: the hourly MACD is in bearish territory and the RSI is below 50. A close below $110,750 could trigger a deeper decline toward $108,500 and test $106,500. Conversely, a sustained rally above $113,500 would target $114,000 and $115,500. Traders should monitor these key support and resistance levels closely for directional cues.

JPMorgan Asset Management has pledged $500 million to Numerai, an AI-driven hedge fund powered by crowdsourced models and its native NMR token. The investment, set to deploy over the next year, could nearly double Numerai’s assets under management from $450 million to $950 million. Founded in 2015 with NMR launched in 2017, Numerai grew its AUM from $60 million to $450 million and delivered a 25.45% net return in 2024. Following the announcement, the NMR token surged over 160%, climbing above $19, and trading volume spiked more than tenfold. With a capped supply of 11 million tokens, ongoing burns, weekly staking incentives and recent buybacks, JPMorgan’s entry underscores growing institutional investment in crypto and could drive further NMR token adoption and price appreciation.

Circle and Finastra have integrated the USDC stablecoin into Finastra’s Global PAYplus payments platform. This move connects blockchain-native settlement rails with existing banking systems. Banks can now execute near-instant cross-border payments 24/7. USDC integration reduces nostro/vostro liquidity needs and cuts intermediaries. Global PAYplus processes about $5 trillion daily. Direct USDC settlement lowers transaction costs, shortens foreign exchange windows, and improves working capital efficiency. Finastra clients will use Circle APIs to access digital dollar liquidity and programmable payment features. On-chain records offer traceability and reduced counterparty risk. Pilot stages include regulatory assessments, wallet and custody setup, sandbox testing, and performance measurement. As regulators clarify digital asset oversight, this partnership positions USDC as a mainstream payment rail. Traders should monitor rising USDC transaction volumes and shifts in liquidity flows toward blockchain-based settlement.

The U.S. Securities and Exchange Commission (SEC) has extended its review of the Grayscale Spot ETH ETF with a staking component. The regulator postponed approval for locking ETH deposits to earn staking rewards. This delay allows for more public comments and technical assessments of Ethereum staking. It also raises questions about custody, liquidity and tax treatment, as the unbonding period may affect ETF liquidity and redemptions. Traders now face extended regulatory uncertainty. In the short term, market volatility around ETH price and yield expectations may increase. In the long run, a clear SEC decision could set a global benchmark for crypto ETFs and boost Ethereum adoption. Traders should closely monitor updates on the Grayscale Spot ETH ETF and staking rules for potential impacts on their strategies.