Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Coinbase go allow WalletConnect Token (WCT) trade for Optimism network start from August 14 for 9:00 AM PT if liquidity pure. Dis integration dey use WalletConnect bridge protocol and Optimism layer-2 scaling to give better gas fees and quick transactions for DeFi and NFT markets. Traders suppose dey watch WCT liquidity and how e price dey change, because better access fit increase trading volume and price movement. Dis update show how Coinbase dey serious on Web3 interoperability and fit make WCT popular plus market deep well well.

Pantera Capital don commit $300 million to fund Crypto Treasuries through Digital Asset Treasury (DAT) companies for US, UK, and Israel. These DATs get reserves in Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB, TON, HYPE, SUI and USDe. Pantera strategy dey focus on active yield generation by staking, lending and on-chain tactics. Early partners include BitMine Immersion Technologies wey get 1.15 million ETH, and Metaplanet plus The Smarter Web Company, each get over $50 million in BTC. Pantera’s DAT Fund, led by Cosmo Jiang and Erik Lowe, want per-share growth and long-term progress. This move show say dem dey shift from passive ETFs to on-chain treasury management. Traders suppose dey watch crypto treasuries as institutional demand and yield-seeking strategies dey increase.

Ethena ENA don rally close to $1 as protocol Total Value Locked (TVL) don pass $10.9 billion. Di synthetic stablecoin USDe don get market cap pass $10.2 billion, e dey driven by high APYs and cross-chain expansion. Weekly USD inflows reach $1.33 billion, wey dey attract plenty retail and institutional liquidity. Technical indicators dey bullish for ENA. Golden cross don form as 50-day EMA cross pass 200-day EMA. RSI dey rise and MACD show bullish crossover, but overbought signals make am say make person reason well. Ethena’s $260 million buyback program dey buy back about $5 million ENA daily, e dey reduce circulating supply. Whale accumulation and rising derivatives open interest show say professional participation dey grow, plus spot and futures volumes don jump to multi-billion dollar level. Key support levels dey at $0.75 and $0.68, with immediate resistance between $0.84 and $0.87. If e break well over $0.87, e fit target $1.02 and $1.18. Traders suppose dey watch buyback rhythm, USDe adoption and upcoming token unlocks for further catalysts.

XRP jump pass 4% afta say Ripple Labs and de U.S. SEC come togeda withdraw dia appeal dem, comot clear di five-year law battle weh pikin market beta. Di Ripple-SEC settlement bring legal clarity and make di daily trading volume jumo 208% reach $12.4 billion, plus peak hourly volume pass 209 million tokens. Institution dem show face for di session, push volume high and support di bullish technical structure above di $3.28 support level. Resistance clusters between $3.30 and $3.33 hold di gain small, but traders dem dey eye breakout go $3.35–3.50. Enterprise update dem, like Blue Origin join XRP and SEC approve Ripple’s better Reg D exemption, fit make demand go hia. Short-term momentum go depend on volume trend and if XRP fit hold key support, while long-term market confidence fit beta as regulatory wahala reduce.

ATOM price dey trade for range $4.47 to $4.60 inside 24 hours, show say e still dey consolidate. Big institutional trading jam heavy volumes from August 11 to 12, make ATOM price go down from $4.65 to $4.45 before e bounce back. One 1.93 million ATOM volume spike show say demand dey renewed, resistance still hold for $4.60 and support dey $4.47–$4.48. The token later drop 1% for the last hour, confirm say profit-taking dey happen. This price consolidation na follow earlier intraday wahala, where ATOM price waka from $4.48 go $4.77, then for late session break above $4.53 set new support for $4.54. Trading volume jump, as institutional interest dey drive am, plus market feeling better after Coinbase list dYdX on Cosmos blockchain. Crypto traders suppose dey watch ATOM price levels for $4.60 and $4.47 to see clear trading signals. With better institutional flow and strong volume profile, the current pattern show say accumulation dey go happen before potential rise to $5.48 in 2025.

Monero price drop pass 8% to $254.75 afta Qubic mining pool dem sharp do 51% selfish mining attack, wey cause 60 blocks orphan inside 24 hours. Qubic founder Sergey Ivancheglo confirm say dem get majority control of hashrate, but Monero Consensus Status and CoinWarz talk say the whole network hashrate dey around 5 GH/s compared to Qubic wey talk say dem reach 3.01 GH/s peak. Analysts dey reason if na full 51% breach be dat or just lucky reorganization. The attack make dem divert hash power to mine XMR and burn QUBIC tokens, wey start one “hack war” full of mutual DDoS shoutout wey shake network security confidence. For charts side, Monero fall under 50-period EMA for 4-hour timeframe and form descending triangle near $252 support for 1-hour chart. If dem confirm breakdown, e fit make XMR drop go $215.75, show how selfish mining fit affect market and how concentrated hashrate dey vulnerable. Traders suppose dey watch how hashrate dem distribute and wetin Monero developers go do to fix am.

Terraform Labs co-founder Do Kwon go face US plea hearing for Southern District of New York on August 12 about the 2022 Terra/Luna stablecoin collapse. Prosecutors don charge am with nine felony counts including securities fraud, wire fraud, commodities fraud, and money laundering conspiracy after the collapse wey wipe out about $40 billion in value. SEC sef order $4.5 billion civil penalty. He bin extradited from Montenegro and dey held without bail for seven months. His trial dey set for January 2026. The court don order Kwon and him lawyers to prepare statement wey go admit the actions for each legal element if he decide to plead guilty. E also dey face criminal charges for South Korea. Traders suppose dey monitor any plea change or court statements because guilty plea fit increase regulatory scrutiny and fit affect how people dey feel about the assets linked to Terra collapse.

SharpLink Gaming don agree to issue $400 million shares with five institutional investors to fund more Ethereum acquisitions. Dem go issue shares at $21.76 each. The deal wey dem expect make e close by Tuesday go raise SharpLink Gaming’s ETH holdings pass $3 billion. Last week, di company raise almost $900 million, including $264.5 million through at-the-market offering and e get $200 million capacity for future purchase. On the announcement day, SharpLink Gaming’s stock (SBET) drop 6.6% to $22.34, then recover to $23.10 for after-hours trading. Since May, the share price don climb 189% this year despite one-time 73% drop during mid-June because misunderstanding about resale filing. Up till Sunday, SharpLink Gaming hold 598,800 ETH worth about $2.57 billion, dey second biggest public holder behind BitMine Immersion. Meanwhile, Ethereum dey trade near $4,300, up 44.5% in the last month. The ongoing capital raise show sey market still believe for SharpLink Gaming’s Ethereum treasury strategy.

S&P Global don give Sky Protocol im first-ever DeFi credit rating, comot B- issuer rating wit stable outlook. Di assessment cover Sky’s stablecoin liabilities like USDS and DAI plus savings tokens sUSDS and sDAI. Sky Protocol score 4 out of 5 for how e fit maintain USD peg, mean say e stability small. S&P talk say governance centralization, low capital buffer (0.4% risk-adjusted ratio), regulatory uncertainty and possible depositor run na main risk dem. With USDS wey dey fourth place for market cap at about $5.36 billion, Andrew O’Neil note say B- rating show say protocol fit meet im obligation, but e still dey vulnerable when gbege show. This milestone fit increase transparency and make institutions begin adopt DeFi platforms.

Paxos don try apply again to turn dia New York limited-purpose trust charter to National Trust Bank Charter under US Office of the Comptroller of the Currency (OCC). This Paxos National Trust Bank Charter application go allow dem to keep customer assets and settle payment everywhere for the country under federal watch, but dem still no fit take deposits or give loans. The New York conditional approval wey dem give for 2021 don finish for March 2023. Paxos stop to issue Binance’s BUSD and agree to pay $48.5 million settlement with New York Department of Financial Services, pay $26.5 million fine and put $22 million for compliance upgrade. This move come as GENIUS Act start, the first federal stablecoin law wey ban tokens wey dey give yield. People wey sabi for industry talk say this regulation go make institutions move enter token market. Projects like Uniform Labs’ Multiliquid dey build infrastructure for quick conversion between tokenized assets and stablecoins. Anchorage Digital still be the only crypto company get similar federal charter. Other issuers like Circle and Ripple dey pursue national trust charters. Paxos effort to get National Trust Bank Charter show say the company wan improve compliance and make dem attractive to institutions for the changing stablecoin space.

Bo Hines wey be former Executive Director for White House Crypto Council don resign to waka go private sector but e go still dey work as special government employee. During im time, Hines lead beta progress for US crypto policy, including one 2025 executive order wey set up strategic Bitcoin reserve and national digital asset inventory. Under im leadership, the Council don publish more than 100 recommendations about market fairness, taxation, and stablecoin regulation. Hines still push budget-neutral moves like revaluing US gold holdings to fund the Bitcoin reserve. Patrick Witt go succeed am, continue the work on GENIUS Act and stablecoin transparency steps. These developments mean say regulatory clarity for digital assets go beta, and e go help build long-term market confidence for Bitcoin reserve plans plus wider crypto policy.

Chainlink don yarn with Intercontinental Exchange (ICE) make dem fit add ICE own consolidated real-time forex plus precious metals prices inside Chainlink Data Streams. This integration dey gather market prices from over 300 exchanges worldwide and e dey deliver reliable, low-latency on-chain data to more than 2,000 decentralized apps, DeFi platforms, asset managers, and banks. By putting institutional-grade forex and metals feeds direct inside blockchain smart contracts, traders fit get accurate valuation, settlement, and risk management for tokenized assets. Maurisa Baumann from ICE talk say dis move dey make on-chain markets join body with traditional finance for transparency and reliability. Fernando Vazquez from Chainlink Labs talk say dem support scalable tokenization of real-world assets, one sector wey dem expect say go pass $30 trillion by 2034. On-chain asset values don reach $25.7 billion, stablecoins don pass $260 billion. Chainlink Data Streams network don set new standard for blockchain oracles, e dey strengthen market integrity and ready to quicken institutional adoption of tokenized assets.

MicroStrategy own Bitcoin treasury plan don deliver 3,000% stock rally since August 2020, pass Bitcoin own 1,000% gain. Di company don raise $46 billion through equity, convertible bonds, and perpetual preferred shares to hold 628,946 BTC – about 3% of fixed 21 million supply. With average cost basis $74,000 per coin, MicroStrategy Bitcoin holdings get $30 billion unrealized gains. For di fifth anniversary, MicroStrategy buy 155 BTC for $18 million, show dem still dey committed. MSTR now dey see daily trading volumes near $4.4 billion and options open interest about $90 billion. Inspired by MicroStrategy, top 100 public companies hold 964,314 BTC, show say Bitcoin dey grow for corporate asset allocation.

XYZVerse meme coin don knack pass $15 million for e presale, e price don jump from $0.0001 to $0.005. Di next stage go put di token price for $0.01, wey go fit make early investors get up to 12× returns. XYZVerse plan make dem list for big centralized and decentralized exchanges plus e show say dem get plans for beta launch. Di project dey set aside 10% of di 100 billion tokens for community airdrops. Dem go dey burn some tokens regularly and give reward incentives to ginger sports fans and crypto traders. Meanwhile, Bitcoin dey come near e next halving event. Analysts don put $150,000 as di bullish price based on di past supply cuts. Traders suppose consider di speculative upside for XYZVerse against Bitcoin’s long-term fundamentals and do proper checks before dem invest.

Ethereum dey test di key $4,400 resistance after e strong rally from $2,400. Long-term on-chain metrics show say di all-exchange Exchange Supply Ratio (ESR) don dey decline since 2022, and dis one come with steady exchange outflows and big whale withdrawals wey dey signal say people dey accumulate. On di other side, Binance-specific ESR don dey rise since early 2025 and leveraged futures positions dey climb, wey dey raise short-term sell-side pressure. Di daily RSI dey around 71, wey mean say market dey overbought. Fibonacci extensions dem show say $4,302 na di next hurdle and $4,886 na di longer-term target. High-density liquidity clusters wey dey between $4,300 and $4,400 dey pose risk. If e fit break decisively above $4,400, e fit trigger short liquidations and push Ethereum go $4,800. But if e no clear dis level, e fit cause profit-taking and pullback go $4,000 support. Traders suppose dey watch on-chain divergences, leverage levels, RSI readings, and netflows for clearer breakout or breakdown signals.

Ethereum don surge pass 6% reach $4,332, dey mark im highest level since December 2024. Di rally bring back co-founder Vitalik Buterin on-chain billionaire status as him get 240,042 ETH (~$1.04 billion) wey pass $1 billion. Traders dey eye to move towards $4,500 mark, where short squeeze fit cause $1.35 billion in shorts to be liquidated. Strong spot ETF inflows—$461 million go U.S. Ethereum ETFs in one day and $326 million in five days—pass Bitcoin ETFs and show say institutional demand dey grow. Ethereum face resistance for all-time high $4,878, and ETF flows plus market momentum go guide wetin e go do next. Buterin dey cautious about leverage for treasury models as e dey show structural risks. Traders suppose watch ETF trends, short squeeze levels, and key resistance points to understand Ethereum near-term moves.

Despite say public denial dem, BlackRock still dey face talk say dem go show XRP ETF after ETF analyst Nate Geraci yan say spot ETFs for XRP and Solana dey the product pipeline. This kain hope don come again after Ripple win court case, weh court talk say XRP no be security for retail investors, close years of wahala with SEC. If dem fit bring XRP ETF, e fit give big investors regulated way to enter, make market dey flow well, and make payment network make beta sense. Plus, with their Bitcoin and Ethereum ETFs, if BlackRock enter XRP ETF market, e fit change how people dey put money for crypto, but when dem go launch depend on wetin regulators talk and how market competition be.

US Presiden Donald Trump don issue one executive order wey direct Labor Department make dem check ERISA rules again and clear road for 401(k) crypto allocations. Americans get around $8.7 trillion for 401(k) assets. Even small 1% allocation fit channel about $87 billion go Bitcoin and Ethereum. Galaxy Digital CEO Mike Novogratz hail dis policy change as big booster for Bitcoin entry into tax-advantaged retirement plans. Plan sponsors suppose meet ERISA strict fiduciary duties. Dem need secure custody solutions, clear audit trails and products wey get low fees. Current crypto products dey lack liquidity and correct cost profile. Sharp market fall fit put fiduciaries for compliance wahala. Institutional products like BlackRock’s Bitcoin Trust dey offer familiar entry points and fit lead initial pilot projects. Market react well well. Bitcoin jump pass 3% to around $116,800. Ethereum gain pass 6% close to $3,900. Even though broad rollout fit take time, the order show say na slow slow way for main 401(k) crypto inclusion.

SBI Holdings don clarify say their proposed Crypto ETF plans — like Bitcoin-XRP ETF and gold-crypto ETF — still dey for planning stage, and dem never submit any official application to Japan Financial Services Agency (FSA). The company dey wait for legal changes to the Financial Instruments and Exchange Act before dem go file with SBI Global Asset Management, initially dem dey target retail investors. SBI talk say Japan regulation get strong approval process, e dey focus on protecting investors and stopping misinformation wey early media reports fit cause. Traders suppose know say no Crypto ETF applications dey pending and make dem continue dey monitor regulatory updates for possible market moves.

On August 7, SEC and Ripple join hand to drop dia appeals, wey mark di end of di near five-year battle over XRP lawsuit. For di XRP case, SEC comot di appeal wey dem do on retail sales classification, while Ripple waka comot im own cross-appeal wey touch institutional trades. According to di deal, Ripple pay $50 million penalty to di U.S. Treasury and collect back $75 million wey dey inside escrow. Importantly, SEC come agree say di programmatic XRP token sales no be securities, wey clear wata serious legal yawa and still maintain one permanent injunction on institutional sales. Within few hours after di ruling, XRP price jump 12%, and 24-hour trading volume sharp-sharp shoot reach $9.54 billion. Dis regulatory clarity dem reduce legal palava for traders and open door for better institutional adoption. Crypto investors fit now rethink di future and market run for XRP based on e non-security status.

President Donald Trump go sign one executive order wey dey target de-banking, to punish banks wey no wan provide service because of ideology. The order make federal regulators check complaint data and tell SBA-backed lenders make dem return customers wey dem wrongly reject. E come remove 'reputational risk' from supervisory guidelines, clause wey critics talk say dem dey use am block crypto firms. For the same time, five major US banking associations petition OCC to block crypto bank charters for providers like Ripple’s XRP trust bid and Fidelity. Dis clash show tension for stablecoin issuance and regulatory control under new GENIUS Act. For traders, if dem fit stop the de-banking crackdown, e fit improve liquidity and reduce wahala for XRP operations, but regulatory wahala fit cause short-term volatility.

New York State Department of Financial Services don fine Paxos for $26.5 million for how dem no follow correct rules for Paxos BUSD between 2019 and 2023. The regulator find say Paxos get wahala for anti-money laundering checks, consumer record keeping and how dem manage risk for the BUSD stablecoin wey dem dey issue. According to the agreement, Paxos gats change dem AML controls, do independent compliance checks plus send regular reports to NYDFS. Paxos end their partnership with Binance for 2023 and don already spend $22 million to make their compliance system strong. These actions show say the government dey increase how dem dey regulate and watch stablecoins. Crypto traders suppose dey watch how Paxos BUSD dey improve compliance because e fit affect how much BUSD dey available and market confidence. Better risk management fit make BUSD supply steady but e fit still cause small short-term wahala for price.

World Liberty Financial (WLFI) don show dia USD1 stablecoin loyalty program for some selected crypto exchange dem partner. Dis loyalty program dey reward user dem with points when dem dey trade USD1 pairs, hold balance dem, stake USD1 to get yield, and use am for approved DeFi protocols. WLFI go soon talk the date wey dem go launch am. Plus, WLFI talk say dem wan do community governance plan to list WLFI tokens for decentralized exchange dem and reduce how Trump family dey hold from 75% go 55%. This governance move na to make everything clear, make peer-to-peer trade possible and make users fit join body for emission schedules and treasury management. Before this, WLFI don drop USD1 tokens worth $47 to early supporters. All dis steps na to make stablecoin take catch and grow ecosystem well well.

Tornado Cash co-founder Roman Storm don convic by US federal jury for Di Southern District of New York for dey run unlicensed money transmitting service, but di jurors dem deadlock on charge of conspiracy to commit money laundering and for violate North Korea sanctions. Di 2023 DOJ lawsuit, wey Judge Katherine Polk Failla dey oversee, claim say Storm protocol facilitate laundering over $1 billion—including money wey concern North Korea’s Lazarus Group. Prosecutors talk say Storm sabi dey make profit from illegal use of Tornado Cash; Storm defense deny say dem get plan to help any criminal activity. Di split verdict show di kind risk wey DeFi developers wey dey run unlicensed money transmitting service dey face, and DOJ talk say fit refile di unresolved money laundering and sanctions charge dem. Legal experts warn say dis case mean say plenty federal risk dey for privacy-focused protocols, and DeFi Education Fund talk say non-custodial developers no suppose dey treated as money services businesses.

Gate, wey be one big crypto exchange wey get 34 million users, don join Global Dollar Network (GDN) as Tier 1 partner. Gate don list USDG stablecoin wey pegged to US dollar for Ethereum, Solana and Ink blockchains. USDG na Paxos dey issue am and e get back 1:1 by US dollars or similar liquid assets wey Monetary Authority of Singapore (MAS), Finland FIN-FSA and EU MiCA regulation dey supervise. This move show say Gate serious about following law and transparency for money matter. Through to support USDG trading, Gate wan make more people use stablecoin and also grow their PayFi service, wey go make cross-border payment easy and link central and decentralized systems together. Gate plan to put more USDG inside their system for next few months and dem go use GDN shared rewards model to make money flow beta, fix on/off ramps and make users join more. This partnership na big step to build strong global PayFi system.

Pantera Capital survey show say worker wey dey paid small part for crypto don rise from 3% for 2023 to 9.6% for 2024. Stablecoins dey make up over 90% of crypto salary, with USDC lead for 63% and USDT for 28.6%. Stablecoin salary gain more ground because of better on-chain rails, treasury tools and team dem wey dey Asia. Companies dey offer hybrid pay, wey allow workers split salary between fiat and crypto to make settlement fast, pay less fees and do cross-border transfer easy. Token pay dey shift to long-term incentive—88% of vesting schedule now na four years, up from 64% last year. Pay levels dey favor experience and technical skills pass degree; bachelor degree holders dey make average $286,039, higher than master and PhD holders. Circle dey do monthly reserve disclosure, dem dey transparent for regulation, dem apply for federal trust bank charter, partnership with ICE and bipartisan GENIUS Act support, all this make USDC better for institutional payment solution wey comply with law.

Jupiter don launch dia decentralized lending platform wey dem call Jupiter Lend for Solana, for private beta on August 6, 2025. Jupiter Lend, wey dem develop with DeFi partner Fluid, open six risk-isolated vaults, each capped at $1 million, wey dey offer up to 95% loan-to-value ratio and small 1% liquidation penalty. Borrowers fit repay with simple wallet-link, while lenders get access to one-click Earn vaults with auto-optimized APY. One security audit don finish, while three more dey ongoing. Public launch, wey dey slated for late August, go add Multiply Vaults, custom strategies, wider asset support plus incentives from more than ten ecosystem partners. Jupiter native token JUP climb 12% on beta news, show say market sentiment dey bullish.

For August 5, Coinbase Base Layer-2 network waka stop for 33 minutes from 06:07 to 06:40 UTC afta e Conductor sequencer manager automatically shift go one backup sequencer wey dem no prepare before. Di main sequencer slow down, e cause di failover and block production stop without make dem reorganize di chain. Dis na di third time wey sequencer related wahala happen since Base launch for 2023. Wit over $4.1 billion total value wey lock, Base developers go tighten Conductor failover process, enforce configuration checks, upgrade sequencer framework, plus bring in independent sequencers make dem no rely on one single point of failure and to better di network reliability. Crypto traders suppose dey watch Base Layer-2 sequencer health, adjust trading strategies and liquidity provisioning to fit handle possible transaction delay and fee changes.

BDACS, the top crypto custodian for South Korea, don yan launch institutional XRP custody services wey dem build on top Ripple Custody. The new service join well with big exchanges like Upbit, Coinone and Korbit, and e dey follow the roadmap from Korea Financial Services Commission. This one come after BDACS join hands with Ripple for February 2025, and dem dey ready to support Ripple’s US dollar stablecoin RLUSD. Retail adoption dey grow: one report from Hana Institute show say 25% of Koreans wey get age 20-50, dey hold digital assets, and this one make up 14% of their portfolio, plus 70% get plan to increase their crypto exposure. Traditional banks dey register trademarks for won-backed stablecoins. The launch of XRP custody dey give institutions secure and regulated storage plus easy access to exchange, showing how demand for digital asset custody dey rise for South Korea, and e dey make XRP market infrastructure stronger.