Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Cardano community has approved a historic 96 million ADA grant (≈$70 M) to Input Output Engineering (IOE) for a year-long core protocol upgrade roadmap. The proposal passed with 74% voter approval, marking the first direct treasury funding for Cardano’s core development. The milestone-based grant, managed by the Intersect governance body, will back enhancements in scalability, cross-chain interoperability, developer tools and performance through projects such as Ouroboros Leios, Hydra and Mithril. Disbursements will be automated via smart contracts and require monthly updates and quarterly budget reports. On-chain developer activity has surged, even as ADA dipped below $0.62, reflecting strong builder confidence. In the market, ADA trades near $0.73, holding support around the 200-day EMA (≈$0.70) and testing the 50-day EMA at $0.72. Technical indicators show improving MACD momentum and tightening Bollinger Bands, suggesting a potential breakout above $0.74 with a target near $0.79. Failure to sustain above the 50-day EMA could trigger a pullback toward $0.68. Traders see this IOE grant as a bullish catalyst that may strengthen Cardano’s network and drive ADA’s price momentum.

TRON founder Justin Sun flew to space aboard Blue Origin’s New Shepard NS-34 mission. He became the youngest Chinese commercial astronaut and the first crypto entrepreneur on a Forbes cover in orbit. Sun’s $28 million 2021 bid funded Blue Origin’s Club for the Future, which awarded $1 million grants to 19 STEAM nonprofits. On the minutes-long flight, he carried 1,000 TRON community wishes, spotlighting blockchain’s reach beyond Earth. The mission underscores growing links between crypto projects and space tourism, boosting TRON’s visibility. Following the event, TRX’s market cap rose to $31.2 billion, while the TRON network hosts the largest USDT supply, 323 million accounts, 11 billion transactions and $26 billion TVL.

Blockchain-powered decentralized energy grid is set to modernize the US electric infrastructure by leveraging token incentives for rooftop solar panels and home batteries. Under the American AI Action Plan, this decentralized energy grid model mobilizes distributed energy resources, boosting grid resilience and uptime while supporting AI data centers, crypto mining operations and high-performance computing. By decentralizing grid management and reducing reliance on major utilities, the network enhances outage resistance and streamlines regulatory hurdles. Venture firm Pantera’s partner Cosmo Jiang notes that this token-based, gig-economy style approach can drive idle energy capacity to the market. Proposed policy measures include exploring nuclear power, hardening components against electromagnetic interference, and building redundant systems for maximum availability. Traders should monitor on-chain activity in energy-focused blockchain projects and Bitcoin (BTC) flows, as grid decentralization may increase demand for Bitcoin mining and related tokens.

City workers in Lugano recovered the vandalised Satoshi Nakamoto statue from Lake Lugano after it was stolen from Parco Ciani over Swiss National Day weekend. The Bitcoin symbol was found broken into several pieces but still attached by welded feet to its base. Installed by Satoshigallery in October 2024, the Satoshi Nakamoto statue had a 0.1 BTC reward offered for information leading to its recovery. Leading advocates such as Gabor Gurbacs and Tether CEO Paolo Ardoino condemned the vandalism. Satoshigallery said it remains committed to placing 21 Satoshi Nakamoto statues worldwide. Traders should note the reinforced cultural value of Bitcoin, though this incident is unlikely to affect BTC price.

Tokyo-listed investment firm Metaplanet bought an additional 463 Bitcoin for ¥7.995 billion (US$540 million), raising its total holdings to 17,595 BTC (¥261.28 billion/US$1.78 billion). The acquisition coincided with a 7.15% drop in its share price to ¥987, about 50% below the June peak. Metaplanet’s Bitcoin yield per share hit 309.8% in Q4 2024 and 129.4% in Q2 2025 but slowed to 52.6% by August 4, 2025. By steadily accumulating Bitcoin, the firm aims to act as Asia’s closest proxy to a Bitcoin ETF. This corporate treasury strategy aligns with global leaders like MicroStrategy and underscores growing institutional demand for cryptocurrency in Japan. It also reflects a wider trend of Japanese companies diversifying treasuries into digital assets as an inflation hedge and balance sheet enhancer. Metaplanet’s move may prompt other firms to adopt crypto, potentially accelerating regulatory clarity and supporting long-term Bitcoin price stability.

White House AI and cryptocurrency affairs chief David Sacks has dismissed fears of widespread AI job-loss as overhyped, stressing that AI tools require human prompts, oversight and verification to deliver real business value. He cited a Microsoft Research study of 200,000 Bing Copilot chats, which rated crypto-related roles such as news analysts, technical writers and customer service reps among the 40 most susceptible to automation, with AI applicability scores of 0.38–0.39 for reporting and 0.35–0.36 for data-driven analysts. Drawing on US Labor Department data, Sacks noted that US job growth in July lagged forecasts with just 73,000 new positions, while major crypto job boards recorded only 38 (CryptoJobsList) and 69 (Remote3.co) new crypto openings. Echoing ex-Coinbase CTO Balaji Srinivasan, he argued AI replaces earlier AI models rather than human workers, indicating that crypto jobs will evolve through augmentation rather than elimination. Traders should view this as neutral for market stability, as the report lacks direct price drivers and suggests AI job-loss fears are exaggerated.

In a delayed exploit, a scammer drained $908,551 in USDC by exploiting a 458-day-old USDC token approval signed on April 30, 2024. The victim likely granted the malicious ERC-20 approval via a phishing site or fake airdrop. The wallet remained empty until July 2, 2025, when $762,397 USDC moved to MetaMask and $146,154 arrived from Kraken. On August 2, 2025, at 04:57 UTC, the attacker transferred all funds to a pink-drainer.eth address. Security firm Scam Sniffer revealed the hack, highlighting the need for regular wallet security checks and revoking old USDC token approvals to prevent future scams.

On August 4, 2025, the SEC raised the single‐contract position limit for option‐enabled Bitcoin ETFs from 25,000 to 250,000 contracts. The change applies to BlackRock’s iShares Bitcoin Trust ETF (IBIT) but excludes Fidelity’s Wise Origin Bitcoin Fund (FBTC). This tenfold hike lets IBIT deploy covered call and other advanced options strategies. Research head Greg Cipolaro at NYDIG says these tactics can curb Bitcoin volatility, making the Bitcoin ETF more appealing to institutional investors and boosting spot demand. The SEC also approved in-kind creation and redemption for crypto ETFs. Authorized participants can exchange actual coins instead of cash. Currently, only Jane Street and Virtu have the necessary crypto infrastructure. Others may need partnerships or acquisitions to compete. Traders should expect better arbitrage, deeper liquidity and increased options activity in the Bitcoin ETF market. Overall, these regulatory moves mark a maturing ETF space. Higher options limits and in-kind mechanisms support lower volatility, stronger institutional flows and a constructive outlook for Bitcoin trading.

Bitcoin slid 5% over the weekend, dropping from about $118,330 on Friday to $112,300 on Sunday, marking the start of August’s historically bearish period. Glassnode data shows Bitcoin has fallen in eight of the last 12 Augusts, with an average loss of 11.4%. IG Markets analyst Tony Sycamore warns that Bitcoin must hold the $112,000–$110,000 support zone to avoid deeper losses. If support fails, prices could test the 200-day moving average near $99,355. In the absence of positive catalysts, the $125,000 level stands as stiff resistance, just above Bitcoin’s all-time high near $124,000. Traders should monitor US jobs data and trade tariffs, given their impact on risk sentiment. September has also underperformed historically, recording declines in eight of the past 12 years.

SharpLink intensified its institutional Ethereum accumulation over the past 48 hours, spending $108.6 million in USDC via Galaxy Digital’s OTC desk to acquire 31,941 ETH at an average price near $3,530–$3,828. These trades, confirmed by Arkham Intelligence, boosted its holdings above 470,000 ETH (~$1.65 billion), making SharpLink the second-largest corporate ETH treasury. At the same time, The Ether Machine added 15,000 ETH at $3,809 each, lifting its treasury to 334,757 ETH and surpassing the Ethereum Foundation. Corporate Ethereum treasuries now exceed $10 billion, led by BitMine with 625,000 ETH. Industry leaders point to staking yields, DeFi utility and legal clarity as primary drivers of institutional accumulation. Buying during the $3,900 price dip, facilitated by OTC trading to minimize slippage, may bolster market stability amid volatility.

From October 8, the UK Financial Conduct Authority (FCA) will allow retail investors to trade crypto ETNs on regulated platforms. Since January 2021, the FCA had banned retail access to exchange-traded notes and crypto derivatives due to extreme market volatility and low investor demand. Director David Geale says the market has matured, making crypto ETNs—unsecured debt instruments tracking asset prices like Bitcoin—more mainstream and easier to understand. Retail traders can now gain exposure to digital assets via conventional brokers without directly owning cryptocurrencies. However, crypto derivatives such as futures and options remain prohibited for retail investors, a restriction the FCA will continue to monitor. This move aligns UK rules with international trends while preserving investor protections against high leverage and volatility.

Justin Sun returns to space with Blue Origin’s New Shepard launch tonight at 8:34 PM. The event will be streamed live on Blue Origin’s website. Justin Sun won the first crewed seat in 2021 with a $28 million bid and donated all proceeds to the Club for the Future to support global youth STEM education. This milestone highlights the growing intersection of crypto leadership and space tourism philanthropy. Traders can expect a neutral short-term price impact, though the launch may boost long-term brand sentiment around Sun’s ventures.

US crypto ETFs posted record inflows of $12.8 billion in July, averaging $600 million per day. These crypto ETFs outperformed all ETF categories, including Vanguard’s S&P 500 fund (VOO). Bitcoin and Ethereum spot ETFs contributed equally to the surge. Bitcoin ETFs reached $146.5 billion in assets under management (AUM), led by BlackRock’s IBIT ($84 billion) and Fidelity’s FBTC ($23 billion). Ethereum spot ETFs gathered $20.1 billion AUM, led by BlackRock’s ETHA ($10.7 billion). IBIT drew 75% first-time BlackRock clients, with 27% also buying other iShares ETFs. Launched in January 2024, IBIT offers direct 1:1 Bitcoin holdings. ETF demand has driven Bitcoin’s price up nearly 300% since BlackRock’s application; Bitcoin now trades near $113,800. Despite a 5% drop in total crypto market cap over the past 24 hours—driven by losses in BTC, ETH, and SOL—record ETF inflows underscore strong demand for regulated crypto exposure. This trend signals a potential bullish outlook, boosting institutional adoption and market liquidity.

Ripple Labs moved 700 million XRP (about $2.08 billion) into escrow in three transactions (100M, 500M, 100M) on August 2. This follows earlier transfers of 200 M and 300 M XRP from unknown wallets. The monthly XRP escrow mechanism, in place since 2017, typically releases 1 billion tokens on the 1st and re-locks about 80% to prevent oversupply. This month’s operation was delayed by one day. XRP price fell over 10%, sliding from $3.32 to as low as $2.94 after the US Federal Reserve held interest rates steady, triggering a broader crypto sell-off. The token later recovered to around $2.98. Despite the slump, XRP’s active escrow management underscores supply control. Analysts like Javon Marks predict a rebound to $4.80, while Bloomberg’s Eric Balchunas puts the chance of an XRP ETF approval this fall at 85%.

Coinglass data shows BTC liquidation intensity peaks at two critical levels on major centralized exchanges. A break above the revised $118,996 resistance could trigger roughly $3.126 billion in short liquidations, driving a sharp short squeeze and heightened volatility. Conversely, a drop below the adjusted $108,232 support may force about $2.432 billion in long liquidations, accelerating bearish sell-offs. Earlier thresholds—$119,203 for shorts and $108,322 for longs—saw $3.35 billion and $2.346 billion liquidated, respectively, illustrating ongoing market swings. Traders should monitor these support and resistance levels, use stop-loss orders, and adjust risk management strategies to navigate rapid price moves driven by forced position closures.

On August 1, spot Bitcoin ETF outflows reached $812.27 million, the largest single-day withdrawal in five months. Major funds led by Fidelity’s FBTC ($331.42M) and ARK Invest’s ARKB ($327.93M) saw the bulk of redemptions. Grayscale’s GBTC recorded $66.79M of outflows, while smaller ETFs—from Bitwise’s BITB and Grayscale Mini BTC to Franklin Templeton’s EZBC, Invesco’s BTCO and BlackRock’s IBIT—also experienced withdrawals. Analysts attribute the surge in Bitcoin ETF outflows to profit-taking, institutional portfolio rebalancing and macroeconomic concerns such as interest-rate uncertainty. The surge in Bitcoin ETF outflows can heighten market volatility and add selling pressure, potentially leading to short-term price dips. Traders are advised to adopt a long-term outlook, diversify holdings and use dollar-cost averaging to weather fluctuations. Despite this short-term bearish pressure, ongoing regulatory clarity and growing institutional adoption support a bullish long-term outlook for spot Bitcoin ETFs.

SEC Commissioner Hester Peirce will lead a 10-city crypto engagement tour from August to December 2024. The tour targets early-stage startups under two years old with fewer than ten employees. Roundtable discussions will cover regulation, custody solutions, tokenization standards and DeFi risks. The SEC crypto engagement tour aims to gather feedback from developers and investors to shape future digital asset regulations. Past events included insights from a16z Crypto, BlackRock and other major firms. The initiative follows a broader regulatory easing, with relaxed actions against Coinbase, Uniswap and Kraken, and supportive guidance from the Fed and OCC. Traders should watch for updates on custody requirements, token listings and DeFi protocols, as clearer guidance could influence market stability and trading strategies.

OpenAI funding round closes with $8.3 billion led by Dragoneer, Blackstone, TPG and T. Rowe Price, valuing the AI startup at $300 billion—beating its $7.5 billion goal months early. The fresh capital boosts total fundraising to $40.8 billion and sets a new benchmark for AI startup financing. Annual recurring revenue (ARR) rose to $13 billion from $10 billion in June, driven by 5 million paid ChatGPT subscribers and 800 million weekly active users—a “revenue–user growth flywheel.” Strategic model upgrades, tiered pricing and a deep Microsoft Azure partnership underpin this momentum. However, escalating GPU compute costs and rising customer acquisition expenses, coupled with intensifying AI competition and looming regulation, may pressure margins. The news has a neutral impact on the crypto market: direct effects on Worldcoin’s WLD token are limited, though broader tech sector strength could buoy Web3 and AI-related tokens in the medium term.

Crypto reshoring is gaining momentum as US regulatory clarity draws global digital asset firms back home. SEC Chair Paul Atkins and Treasury Secretary Scott Bessent have hailed a “golden age of crypto,” urging companies to re-establish US operations under clearer rules. Bulgaria-based NEXO resumed US market access in April, while derivatives platform Deribit and OKX relaunched after settlements and set up hubs in California. Domestic players are expanding too. Kraken moved its global headquarters to Wyoming in June and MoonPay secured full licenses across all 50 states by April. Major mining hardware manufacturers—Bitmain, Canaan and MicroBT—plan to build ASIC production facilities in Texas or Florida by early 2026, leveraging state incentives. For traders, this shift boosts crypto trading volumes, liquidity and dollar-denominated market depth. Tighter regulatory oversight and onshore mining distribution may tighten hardware supply but underpin long-term stability. Overall, clearer US regulation supports a bullish market outlook.

Gate US has officially launched spot trading for U.S. customers, offering over 3,800 crypto-to-crypto pairs and handling $6.8 billion in daily volume. This marks the Seychelles-based exchange’s first entry into the U.S. crypto market with a compliance-first approach, aligning with recent regulatory clarity from bills such as the GENIUS Act and CLARITY Act. Gate US plans to roll out fiat on- and off-ramps and custodial wallets, aiming to boost liquidity and provide seamless fiat on-ramp solutions. Founder Dr. Lin Han calls the launch a compliance milestone designed to win both regulators and consumers. Despite widespread awareness of cryptocurrency—95% of Americans know the term—only 35% understand it, and just 14% have adopted digital assets while 87% view them as risky. To address this, Gate US will launch educational programs and partner with U.S. financial institutions to drive crypto adoption. The spot trading expansion adds a new platform for traders seeking diverse options, although its market impact will depend on consumer confidence and evolving U.S. regulatory frameworks.

Coinbase Q2 revenue fell 26% quarter-on-quarter to $1.5 billion, missing analyst expectations. Transaction revenue dropped 39% to $764 million as global crypto spot volumes slid 31% and US volumes fell 32%. Overall trading volume plunged 40% to $237 billion. Subscription and services revenue dipped 6% to $656 million, while stablecoin-related revenue rose 12% to $332 million. Operating expenses increased 15% to $1.5 billion, driven by a $307 million data breach charge. Adjusted net income was $33 million, and adjusted EBITDA reached $512 million. Coinbase shares slid 11% pre-market on the earnings miss. Looking ahead, Coinbase expects Q3 subscription and services revenue between $665 million and $745 million. The firm highlighted regulatory wins under the GENIUS and CLARITY Acts to boost stablecoin adoption and market clarity. On the product front, the Base App beta on Ethereum Layer 2 has surpassed 700,000 users and will evolve into an “everything app” with trading, social feeds, tokenized posts, USDC payments, mini-apps and AI features. Base Pay with 1% USDC cashback for Shopify merchants is also in the pipeline. These results underline the sensitivity of Coinbase Q2 revenue to crypto market activity.

Coinbase plans to launch US-based tokenized stocks on its platform alongside on-chain prediction markets, derivatives and early-stage token sales. Dubbed an “exchange for everything” by Product VP Max Branzburg, the move aims to unify real-world and crypto assets in one venue. Regulatory tailwinds like the SEC’s Project Crypto clear the way for the US rollout, with a phased international expansion to follow. This expansion into tokenized stocks diversifies Coinbase’s offerings, placing it in direct competition with Robinhood, eToro and Kraken. In its Q2 earnings, Coinbase added 2,509 BTC to its reserves but fell short of revenue forecasts, triggering a 9% share price decline. CEO Brian Armstrong reaffirmed a long-term Bitcoin (BTC) strategy as these new services seek to boost trading volume and user engagement.

Chainlink State Pricing is a new onchain oracle methodology that derives continuous midmarket prices for DEX-traded assets directly from token reserves in high-liquidity pools. The solution mitigates flashloan attacks and price manipulation. Initial assets supported include wstETH, GHO and cbBTC. Developers can access Chainlink State Pricing on mainnet via Data Feeds (push) and Data Streams (pull). Leading DeFi platforms such as Aave, Curve, Lido and GMX have integrated the service. Chainlink State Pricing complements VWAP and liquidity-weighted bid/ask models, enhancing pricing accuracy and strengthening DeFi market stability.

Tether reported record Q2 profit of $4.9B, a 277% year-over-year increase driven by strong USDT demand and Treasury bond yields. This lifted H1 revenue to $5.7B, up 9.6%, with assets reaching $162.6B against $157.1B in liabilities. USDT issuance rose by $13.4B in Q2, pushing its market cap to $164.5B, or 61.7% of the stablecoin market, while USDC holds about $64B. Tether’s U.S. Treasury bond holdings climbed to $127B, making it the world’s 18th-largest holder, and Bitcoin reserves neared $9B. The U.S. GENIUS Act aims to bolster a digital dollar as competition heats up—Circle’s USDC IPO and new euro stablecoins on Ethereum from Deutsche Bank, Galaxy and Flow Traders. Tether’s robust balance sheet and profit growth pave the way for a new institutional dollar stablecoin and reaffirm its leadership in crypto and traditional finance.

OpenAI funding secured $8.3B in an oversubscribed round at a $300B valuation. Led by Dragoneer with $2.8B, and backed by Blackstone, TPG, T. Rowe Price, Fidelity, Sequoia, Andreessen Horowitz, Coatue, Thrive, Tiger Global and D1 Capital. ChatGPT’s annual revenue hit $12–13B with 700M weekly active users, while paid enterprise users grew from 3M to 5M and monthly revenue doubled to $1B. Projections exceed $20B by end-2025. The capital will fuel AI research, model upgrades, and expanded enterprise AI services across healthcare, finance and industry. Strategic ties with Microsoft, Blackstone and TPG strengthen on-chain analytics and AI-enabled market forecasting. For crypto traders, OpenAI funding underscores growing demand for AI-powered trading tools and blockchain analytics services. While immediate crypto prices may stay stable, projects combining AI and blockchain stand to gain long-term momentum.

Venture firm Andreessen Horowitz (a16z) has urged the US Senate Banking Committee to revise its draft crypto regulation—the 21st Century Financial Innovation and Technology Act—warning that the proposed ancillary-asset framework conflicts with the Howey test and opens loopholes that could weaken investor protections. The current draft, based on the CLARITY Act, defines tokens sold via investment contracts without equity or governance rights as “subsidiary assets,” which a16z says may enable issuers to sell tokens to insiders under securities exemptions and then trade them publicly as commodities. To address these risks, a16z recommends adopting a clear “digital commodity” regulatory category aligned with established commodity laws and retaining the core principles of the Howey test. The firm also proposes closing primary versus secondary market loopholes by using project decentralization as the threshold for lifting transfer restrictions. Finally, a16z calls for explicit legislative language excluding core blockchain infrastructure activities—such as mining, staking, consensus-algorithm operation and smart-contract execution—from being classified as securities. These changes aim to enhance clarity in crypto regulation, reduce compliance risks for projects and investors, strengthen investor safeguards and foster innovation in the digital-asset sector.

PancakeSwap recorded a record $188B in spot trading volume in July, up from $151B in June. The DEX captured 43% of all decentralized exchange trades, doubling Uniswap’s $94B. PancakeSwap’s automated market-making and yield farming fees topped $430M, attracting new liquidity. Key drivers included Binance Alpha integration and the PancakeSwap Infinity launch, which cut gas costs and added cross-chain swaps on BNB Chain, Ethereum, Arbitrum and Solana. A 15% surge in the CAKE token, fueled by BNB’s rally to $850, further boosted trading activity. Despite a slight drop in the DEX-to-CEX ratio from 27.9% to 23.3%, PancakeSwap maintained its leading position. Traders should watch elevated fee yields on CAKE liquidity pools and continued BNB Chain growth.

In July, U.S. Spot ETH ETFs recorded a historic $5.43 billion in net inflows, a 369% increase from June’s $1.16 billion and well above May’s $564 million, pushing assets under management to $21.52 billion. The surge coincided with a 60% rally in Ethereum’s price to near $3,933. Key drivers include strong institutional adoption, greater regulatory clarity following Bitcoin ETF approvals, and an expanding DeFi and NFT ecosystem. By offering regulated, liquid exposure to ETH via traditional brokerage accounts, Spot ETH ETFs lower custody hurdles and improve market accessibility. However, investors face risks such as ETH price volatility, potential tracking errors, and evolving regulatory oversight. Looking ahead, the upcoming Dencun upgrade and continued ecosystem growth may sustain ETF inflows. Traders should monitor ETF flow data, regulatory developments, and protocol upgrades to gauge market sentiment and potential price momentum.

SEC Chair Paul Atkins today introduced Project Crypto, a comprehensive initiative to modernize US crypto regulation and migrate financial markets onto blockchain. The plan sets clear rules for digital asset classification, custody, trading, tokenized securities issuance, ICOs, airdrops and rewards. It also proposes “super-apps” combining securities and crypto services under one license and DeFi integration via AMMs. By reversing prior enforcement-first policies and offering regulatory relief, Project Crypto aims to repatriate offshore crypto firms and attract new entrants. Short-term, clearer rules should boost market confidence and reduce regulatory uncertainty. Long-term, the initiative could drive widespread onchain adoption, tokenization and infrastructure growth in US crypto markets. Industry participants have welcomed the rollback of lawsuits against Coinbase and Gemini, though critics warn looser rules may raise fraud risks.