Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Some top crypto advocacy groups, like Crypto Council for Innovation, Blockchain Association, DeFi Education Fund, and Solana Policy Institute, dem bin join hands ask President Trump and U.S. Senate make dem confirm Brian Quintenz as permanent chair for CFTC. Dem talk about how him serve as commissioner from 2017 to 2021 and how him sabi blockchain and derivatives markets well well. Senate Agriculture Committee don delay procedural votes twice – wey dem talk say na White House beg am because people for industry like Winklevoss twins no gree – leaving CFTC to dey only get two acting commissioners, both go soon comot. Dem wey dey support warn say the empty CFTC chair position dey make regulatory matter confusing and e fit block big digital asset law dem, including one market structure bill wey dem expect make e clear CFTC and SEC roles by 2026. If dem confirm Quintenz quick quick, e fit bring back leadership, reduce confusion for regulators and make oversight for crypto commodities clear, which fit make traders feel better for market.

Chainlink don knack back di resistance zone wey dey between $24.50–$25.00. Di price of LINK don jup to di highest point since six months, $26.76 afta e retest di breakout level wey be $23.50. Network activity don fast with 2,995 new addresses join — di highest monthly increase in five months. To hold support for $23.86 na big thing to keep di bullish momentum. If e fit break di sell wall wey dey $26.25–$26.75, e fit open road to $30 target. Key support levels dey for $23.80, $20.90 and $19.50. If month end close pass $23.86, e fit confirm say rally go $34, but if e no hold, e fit cause pullback to $19.41. Traders suppose dey watch Bitcoin support around $110,000, as Chainlink price fit depend on BTC stability. Short-term wahala fit happen as LINK dey test critical levels.

1inch don introduce one trustless, bridgeless Solana-EVM cross-chain swap. Traders fit now perform native, atomic transfers between Solana and over 12 EVM-compatible networks within 1inch DApp, wallet or Fusion+ API. The protocol dey use Dutch auction model plus chain-specific escrow to settle trades without external bridge or messaging layers. This bridgeless feature dey support major tokens like SOL and ETH, e clear bridge counterparty risk, reduce fees plus improve MEV protection. Real-time liquidity pools on Solana and EVM chains fit access through one interface. Users connect EVM wallet, select tokens and swap instantly via on-chain atomic settlement. Market observers dey expect rising TVL in Solana DeFi and better cross-chain liquidity. The upgrade fit open new arbitrage ways and reduce trading costs. As swap volumes grow, 1inch governance token utility fit increase. Traders suppose dey monitor adoption metrics, security audits plus TVL shifts for trading signals.

Bullish Exchange don complete im first NYSE IPO, raise $1.15B fully inside stablecoins. Jefferies manage di minting, exchange and delivery of different tokens—mainly Solana stablecoins like USDC and EURC, plus Paxos USDG, PayPal PYUSD, Ripple RLUSD, Agora AUSD and USD1—wey Coinbase dey custodi. CFO David Bonanno highlight how stablecoins dey play role for quick, secure cross-border transfers. Solana Foundation President Lily Liu talk say dis offer na mashup of public markets with blockchain rails, and Coinbase VP Greg Tusar call am big step for digital assets. Di IPO issue 30M shares at $37 each, debut under ticker BLSH at $90—a 143% rise—peak at $117 before e come down to ~ $59 inside first week. With support from Peter Thiel and crypto-friendly US regulations, dis successful Solana stablecoins settlement na milestone to join blockchain-based stablecoins with traditional finance and e fit push wider stablecoin adoption.

For August 18, U.S. Securities and Exchange Commission (SEC) don extend time wey dem go review some spot crypto ETF proposals. Dem push decision for Truth Social Bitcoin and Ethereum ETF go October 8. Solana ETF wey 21Shares and Bitwise put for ground now get deadline for October 16. Dem go decide 21Shares Core XRP Trust by October 19. Every spot crypto ETF go hold the underlying asset—BTC, ETH, SOL or XRP—and go issue shares Wey backed by these coins directly. SEC still get plan to change rules kontri ETP listings for tokens Wey get futures market already. Analysts talk say if dem approve am, new ETP rules fit make crypto ETF approvals quick next month. If dem launch plenty spot crypto ETF for October, e fit boost institutional access to Bitcoin and altcoins. Traders suppose dey watch these regulatory updates wella. Delay and possible ETP reforms fit affect market demand, liquidity, and price movement for main tokens. Make una adjust una strategies well.

South Korea Financial Services Commission don pause new crypto lending services for small time after big big liquidation happen for local exchange Bithumb. For June, like 27,000 users use Bithumb lending platform, and about 13% people gatsu fwa liquidation because market no stable. Regulator yan talk say e no get enough protection for users and e fit spoil market, so e pause new lending till dem publish Virtual Asset Leasing Services Guide. Meanwhile, Galaxy Digital report say crypto-collateralized debt for centralized and decentralized platform don rise reach $44.25 billion, e increase 30% from last quarter. Traders dem suppose dey watch regulatory update and leverage indicators because this one show say government dey look crypto lending and market leverage well well. For short time, small leverage fit reduce liquidity and make bearish mood; for long time, better rule fit bring stability and make institutional people join.

Chamath Palihapitiya don file SEC registration make dem fit raise $250M for American Exceptionalism Acquisition Corp A, na DeFi SPAC wey dey target decentralized finance and artificial intelligence projects. The SPAC plan to list 25 million shares for NYSE under ticker AEXA for $10 per share, with Palihapitiya as chairman, and Social Capital partner Steven Trieu as CEO. Dis DeFi SPAC wan make traditional finance and blockchain connect, dey invest for AI-powered DeFi solutions, and dem dey use Circle’s successful SPAC listing as proof say DeFi get power to reduce middle men. Dis move come as market dey volatile, and e follow Gemini wey dey prepare Nasdaq IPO under symbol GEMI, wey show say institutional interest for crypto listings dey grow. Even though Palihapitiya previous SPAC ventures get mixed results, dis new DeFi SPAC na clear sign how finance and blockchain dey join more more.

Gemini IPO don file dia S-1 to put dem for Nasdaq under di ticker GEMI. For di first half of 2025, di exchange talk say dem lose $282.5 million net, e increase from $41.4 million for di year before, and revenue drop to $68.6 million because of higher legal fees, staff cost plus lower trading volume. To make sure say dem get better money flow, Gemini secure $75 million revolving credit facility from Ripple Labs wey fit expand to $150 million, with loan wey dem take for RLUSD stablecoin. Dis deal show how di new crypto-native funding models dey come up. Before di listing, Gemini show one dual-entity structure: di Gemini Trust Company for New York go handle custody and regulated services, while Moonbase wey dey Florida go run di main trading platform to fit follow di licensing rules. With Goldman Sachs, Morgan Stanley, Citigroup and Cantor Fitzgerald as lead underwriters, Gemini IPO dey follow the kind moves wey Circle and Bullish do. Even though dem get big loss, Gemini IPO wan raise capital to expand dia trading platform and make institutional investors dem like am as di crypto market dey grow mature.

Bitcoin price first fall below $118,000 for OKX, slide 0.24% inside the day, before e shine shove eye for $115,000 level on August 19 wit 1.04% drop reach $114,948.80. The fall show say small bearish pressure dey and people dey collect profit for the psychological $115K support area. Since no much kin catalyst dey make the move go, dis pullback show how traders mind be and how market fit change near important level dem. Crypto traders suppose dey watch make sure if Bitcoin price fit get back $115,000 to confirm say bull fit run the market again or make e get more short-term wahala.

Jeju City don rollout beta crypto tax enforcement campaign wey dey use AI detection tools take target almost 3,000 people wey never pay bill pass ₩1 million. The government check data from Upbit, Bithumb, Coinone and Korbit, dem find 49 people wey hide about ₩230 million inside Bitcoin and other digital asset dem. Dem make exchange be third-party debtor, so official freeze some asset dem plus recover like ₩19.7 billion from back tax dem. This crypto tax enforcement na part of South Korea big plan since 2021, wey don make dem seize more than $180 million, including one $144,000 operation for Gangnam District dis year. Tax boss Hwang Tae-hoon talk say AI go help fight people wey no pay, boost tax collection and make honest tax payment better. With 16 million local user and new crypto law wey dey come, government wan stop people wey dey hide asset and make tax report fair.

Japan FSA dey plan approve di first regulated yen stablecoin by fall 2025. Dis yen stablecoin wey JPYC go issue under Payment Services Act go keep 1:1 peg through bank deposits and government bonds. JPYC go register as money transfer business by August and dem get plan to issue about $6.7–7 billion worth yen stablecoin for 3 years. Licensed banks, trust companies plus registered providers go manage di issuance make sure say dem comply. Dis yen stablecoin go help make cross-border money transfer faster and cheap and e go support DeFi integration for Japan. E still be domestic fiat alternative to dollar-pegged tokens like USDT and USDC. Dis move come after June 2023 amendment wey recognize fiat-pegged tokens as Electronic Payment Instruments and e mark serious progress for Japan stablecoin regulation.

On August 17, Qubic Group mining pool shoot pass 51% hashrate for Monero small, dem do six-block reorg as proof say dem fit do 51% attack. Di community vote say dem go try Dogecoin next time instead of Zcash and Kaspa for their ASIC-friendly 51% attack stress test. Qubic founder Sergey Ivancheglo talk say dis test show say their PoW model useful and e dey fund QUBIC token buybacks. After Monero block reorg, places like Kraken pause XMR deposit because dem get security worries. Even though Dogecoin mixed mining with Litecoin and higher hashrate make same attack costly, traders suppose dey monitor technical logs, developer response, plus any time plan for action. This one show how mining centralization fit risk market trust for DOGE.

On-chain data wey Glassnode show na 93.92% of XRP supply dey make profit after e climb pass $3. For history, when profit rate pass 90%, e mean say na big top for XRP, like we see for early 2018 and April 2021, wey come before big fall of 95% and 85%. The NUPL indicator don enter the “belief–denial” area, wey mean say risk don reach peak. For technical side, XRP dey trade inside one descending triangle wey get support for $3.05. If e break down, e fit make price drop 20–23.5% go $2.39, but if e rally pass the falling resistance, e fit cancel bearish signal and push price go $6. Traders suppose dey watch on-chain metrics and technical levels well to know how XRP go do short term.

Last week, di NFT market cap drop 12%, come down from $9.3 billion to $8.1 billion, as ETH fall 9% from $4,700 to $4,260, wey carry $1.2 billion gone from di sector value. Data from NFT Price Floor show say NFT market cap and Ethereum performance dey closely related. Big collections dem get different impact: CryptoPunks lose $300 million in value, reach $2.1 billion cap, and their weekly sales fall 34%. Bored Ape Yacht Club drop almost 20% to $482 million, move comot second to third place. Pudgy Penguins, wey BTCS Inc. acquire, climb reach second place even with 17% drop, market cap na $491 million. This downturn cause liquidity wahala and uncertain price finding as ETH dey volatile, but e fit clear speculative overheat and give better buying chance. Traders suppose dey watch ETH momentum, diversify NFT positions, check project roadmaps and on-chain metrics, and focus on utility projects to manage short term dip and aim long term gains.

S&P DJI dey work wit top exchanges, custodians and DeFi protocols to release tokenized index products. After dem pilot wit Centrifuge for 2024 wey bring S&P 500 on-chain, the company go list tokenized indices on platforms wey meet strict transparency, security and regulatory compliance standards only. Future releases fit include tokenized versions of Dow Jones Industrial Average and thematic benchmarks. Di plan na to bridge TradFi and DeFi, make institutions start dey use on-chain benchmark exposure more, and make am easy for people to access. By 2030, tokenized index products fit become main liquidity drivers and back new DeFi investment strategies.

Galaxy Digital don secure $1.4 billion secured term loan to fund about 80% of phase-one construction of the Helios AI Data Center for West Texas. The 36-month facility, wey get backing from Galaxy Helios I assets, go mature by August 2028 and e go complement $350 million equity investment. Under 15-year agreement with GPU provider CoreWeave, Galaxy Digital go initially run 260 MW of AI and high-performance compute workload, wey fit scale up to 3.5 GW at full buildout. Power delivery start early 2026, and the Helios AI Data Center dey expected to generate over $1 billion yearly revenue, fit reach total of $15 billion during the agreement. Galaxy Digital shares drop after the announcement, as market dey uncertain about the shift from Bitcoin mining to AI infrastructure. This move show say Galaxy Digital wan diversify from crypto mining and secure steady, long-term revenue for AI infrastructure sector.

Under de GENIUS Act, di US Treasury don open public consultation till October 16, 2025, for how dem go fit deploy digital identity solutions to strong AML and crypto compliance. Di proposals dem include to embed verifiable identity credentials for DeFi smart contracts, to link wallets to government-issued IDs, plus to use APIs and AI for real-time monitoring. Stakeholders dem dey invited to comment on technical, cost, privacy, and security considerations. With over $3 trillion market value for crypto, including $200 billion in stablecoins and $150 billion in DeFi assets, dis move aim to cut down up to $20 billion for crypto laundering yearly. Pilot program fit start by mid-2026 wit coordination from IRS and SEC. By integrating on-chain digital identity checks, regulators dey try balance innovation wit tighter oversight, wey fit shape global DeFi regulation.

Brevan Howard don increase their stake for BlackRock Bitcoin ETF (IBIT) to $2.32 billion, pass the $1.4 billion wey Goldman Sachs hold before. The hedge fund dey manage over 37.5 million IBIT shares now, e make dem be the biggest institutional Bitcoin ETF investor. BlackRock IBIT ETF don grow pass $90 billion for assets wey dem dey manage, e dey represent 3.57% of Bitcoin total supply. For August 14, Bitcoin ETFs record $523.7 million net inflows, e show say institutional demand strong and e dey boost market liquidity. This growing institutional investment through regulated Bitcoin ETF dey reduce entry barriers, improve price stability, and show say crypto market dey mature. Traders suppose dey watch IBIT ETF inflows and other institutional strategies to gauge momentum and risk-adjusted entry points.

Ethereum price don set firm support above $4,500 after e rally from $3,200 for July, epp bolstered by the 200-day SMA near $3,853. The digital asset dey consolidate now between $4,440 and $4,700, guided by the 50- and 100-hour SMAs and one rising trend line. Immediate resistance dey for $4,750–$4,800, with critical hurdles at $4,880. If e breakout pass $5,000, e fit push Ethereum go $5,150 and fit reach $5,300–$5,500. Technical analysis show say RSI dey around 59 and bullish momentum dey for hourly MACD. Traders fit consider buy dips near the $4,350–$4,440 zone with stops under $4,350, or dem fit target breakout entry above $5,000.

Canary Capital CEO Steven McClurg dey predict say Bitcoin price go hit $140K–$150K by end-2025, as e dey powered by big big spot Bitcoin ETF inflows and growing institutional investment from sovereign wealth funds, pension funds plus corporate treasuries. McClurg warn say bear market fit show for 2026, as e highlight how gbege digital assets dey get. E don also file altcoin ETF applications for XRP, SUI, TRX, CRO, LTC and Trump meme coin (TRUMP). McClurg no too believe Ethereum, e call am outdated network even though ETH don rally recently. Other analysts get mixed views: trader Yashasedu dey see Ethereum go climb to $8,656 if Bitcoin price reach $150K, while Standard Chartered raise im 2025 ETH target to $7,500. Traders suppose dey watch Bitcoin ETF flows, institutional backing and seasonal volatility before the predicted cycle top.

BitMine Immersion Technologies don increase their Ethereum treasury reach about 1.29 million ETH. Di firm add 135,000 ETH for big big purchases and later collect 28,650 ETH through OTC trading wey worth like $130 million. Dis kin moves make BitMine be the biggest company wey hold Ethereum and also reduce how much dey dey for market. The increase demand join Ethereum price wey rise back, e also make people worry about staking congestion because the validator queues long and the network liquidity tight. Traders suppose notice say tight supply and strong institution investment mean say Ethereum get better future. But demand wey dey rise for staking services fit make network capacity stress small for now. Generally, BitMine strategic accumulation show say market get more confidence for Ethereum and e fit affect how short-term trading and long-term investment go be.

Ethereum institutional holdings don climb pass 10.2 million ETH, as corporate treasuries hold like 3.7 million ETH and spot plus futures ETFs dey take 6.5 million ETH. This increase show say confidence dey grow for Ethereum Proof-of-Stake network, DeFi ecosystem, NFTs, and Web3 apps. Staking activity don quicken, e dey improve network security plus reduce the circulating supply. Big players like BitMine Immersion Technologies dey increase their treasury stakes as market dey shift more towards ETH-based investments. For traders, the junction of ETF inflows and more staking mean say ETH prices fit dey go up short term, plus better network resilience dey support long-term stability. Discussions about spot ETH ETF approvals and planned network upgrades fit attract more institutional capital.

US Jus Dept don unseal six warrant to seize over $2.8 million for crypto, $70,000 cash plus one fine motor for Ianis Aleksandrovich Antropenko wey dem accuse say him mastermind of ransomware. E dey face charge for Northern District of Texas for computer fraud, money laundering, plus how e take distribute Zeppelin ransomware against US and international pipo dem. Investigators talk say Antropenko and im people encrypt data, steal sensitive info and dey demand crypto ransom payments. Dem dey wash money using services like ChipMixer and dey do structured cash deposits make e no show where the money come from. This crypto seizure na clear sign say dem dey intensify anti-money laundering effort and dem dey work with international people to fight cybercrime. FBI offices for Dallas and Norfolk, Virtual Assets Unit and DOJ Computer Crime & Intellectual Property Section na dem lead the operation. Since 2020, CCIPS don secure over 180 cybercrime convictions, block $200 million ransom payments and recover more than $350 million for victims.

Deribit go start USDC options dem plus quarterly futures for Bitcoin and Ethereum on August 19, 2025. These new crypto derivatives wey price and settle for USDC go make collateral no go dey changebele and e go help traders use capital well. Linear options go follow the direct price of BTC and ETH, dem fit marge with the inverse options wey dey already, and e go start from 0.01 BTC and 0.1 ETH, wey go make am easy to enter. Together with Solana and XRP USDC wey dem release last year, Deribit unified margin system make e possible for positions to balance risk across products. The exchange dey also give 4% yearly USDC staking as reward to ginger people use stablecoin collateral. This move join how Coinbase and Circle dey push USDC to be bridge between fiat and crypto, make accounting and compliance easy for big institutional funds. By adding more USDC-settled derivatives, Deribit want to increase liquidity, draw in both big and small traders, and keep their lead for crypto derivatives market.

US Treasury go expand im Strategic Bitcoin Reserve wit assets we dem kon seize, no new spending go happen. Treasury Secretary Scott Bessent first talk say dem no plan buy new bitcoin, e make market small shake. Later, e talk for social media say di reserve go grow through budget-neutral way wit $15–20 billion confiscated coins and say dem go stop di current liquidations. Dis kind mixed message about di Strategic Bitcoin Reserve cause market instability—Bitcoin jump reach $124,000 before e go back down after hot US inflation data. Traders make sure dem dey watch future budget-neutral acquisition plans and policy signals we fit affect market supply and price stability.

For August 13, security researcher Deebeez come reveal say Coinbase corporate wallet mistakenly approve Amp (AMP), DEXTools (DEXT), MyOneProtocol (MYONE) and Swell Network (SWELL) enter the permissionless 0x swapper contract after dem change configuration. MEV bots con use the arbitrary call feature comot about $300,000 sharpaly within seconds. Coinbase talk say no customer money suffer wahala. The exchange don revoke the approvals, move the remaining money go secure wallets and dey review their internal approval process. The matter show say we need strong smart-contract security for DeFi—separate wallets, approval limits and quick revoke—to stop MEV wahala.

Vietnam police don knack down the biggest Paynet Coin Ponzi scheme, na cryptocurrency scam wey con investors about $200 million through FMCPAY.com and AFF2024.com. The operation no get license, and em led by Nguyễn Văn Hà and Phan Việt Lập, wey con many people with promise say dem go get 5%–9% monthly returns plus referral bonuses. Dem organize fine fine presentations and lie say Paynet Coin tokens fit trade for US exchange and e fit use book travel. For coordinated raids for Phu Tho, Hanoi and Ho Chi Minh City on July 15, 2025, police arrest 20 suspects including the two main heads, plus dem seizure $38 million cash, foreign currency and property. Police also freeze related accounts as investigation still dey go. Officials warn say anonymous transactions dey make am hard to recover assets for crypto fraud cases, dem dey advise investors to check if the project legit. This Paynet Coin Ponzi case show say regulatory watch and asset seizure dey grow for Southeast Asia crypto market. Traders suppose dey watch local enforcement trends and make dem cautious with high-yield crypto offers.

OKX don make big change for dia tokenomics by burn 65.25 million OKB and limit OKB supply to 21 million. Dem comot minting and manual burn function dem, so e turn to deflationary model. OKT tokens go automatically convert to OKB for 1:9.5 ratio based on average price from July 13 to August 12 as dem dey phase out OKTChain. OKX dey move to X Layer, wey be Polygon-based zkEVM Layer 2 with 5,000 TPS and almost no gas fees, e dey integrated for them exchange, wallet, and payment services. The announcement make OKB price jump pass 200% inside one hour, e show say market dey positive. Traders suppose watch how OKB supply dey behave and how X Layer go take dey used, e fit make demand grow long term even if short term price fit dey jump up and down.

Wisconsin lawmakers don bring two bills (SB 386 and AB 384) wey go make sure say Bitcoin ATMs for the state dey monitored well well. The bills talk say operators must get state money transmitter license and do strict KYC checks—like government ID, photo, birth date, and contact details—for every transaction. Daily withdrawal no go pass $1,000, and fees no go pass $5 or 3% of the transaction. Each Bitcoin ATM must show big fraud warning and refund victims wey law enforcement identify inside 30 days. This move come because ATM fraud complaints don rise by 99% and loss reach $247 million in 2024, as FinCEN talk for recent alert about crypto kiosk risks. The bills target about 582 kiosks, dey wait for committee review, and go start after 60 days if them enact am. Traders suppose dey watch how kiosk use, fees, and user trust go change as stricter KYC and licensing come shake Bitcoin ATM business.