Analysts told The Block that investors now recognize Ethereum's value as a cornerstone of mainstream crypto adoption.
Rumble, a YouTube rival and Bitcoin treasury firm, wants to snap up AI data center company Northern Data in its latest expansion push.
VivoPower International PLC has outlined a strategy to acquire $100 million Ripple shares as part of a broader initiative to integrate XRP into its corporate treasury, according to an Aug. 11 statement. According to the statement, the $100 million investment will expose VivoPower to 211 million XRP tokens, currently valued at around $696 million. VivoPower […]
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Terraform Labs co-founder Do Kwon may enter a change of plea on Tuesday, August 12, 2025. According to a court filing dated August 11, United States District Judge Paul Engelmayer was informed of the plea change, which will significantly change the legal course of the case after months of litigation. Previously, Kwon pleaded guilty to …
Ethereum (ETH) has extended its bullish run, surging past $4,300 and posting a staggering 45% gain over the past month. The world’s second-largest cryptocurrency now eyes the $5,000 milestone, triggered by unprecedented whale accumulation, institutional inflows, and a wave of regulatory clarity in the U.S. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks In just the past four weeks, over $4.17 billion has flowed into Ethereum-focused investment products, with entities like Galaxy Digital, FalconX, and BitGo facilitating large-scale purchases. One “mysterious institution” reportedly acquired 221,166 ETH worth nearly $1 billion in a single week, signaling long-term confidence at elevated prices. Whale Buying and Institutional Inflows Strengthen Ethereum (ETH)’s Bullish Case Whale addresses holding more than 10,000 ETH have climbed to their highest level in a year, while public companies added 304,000 ETH ($1.3B) to their treasuries last week alone. Notably, BitMine Immersion Technologies accounted for $900 million of these purchases. Ethereum spot ETFs have also recorded significant inflows, with $327 million added in just the first week of August. Analysts note that the combination of whale activity and institutional buying has historically preceded major rallies, and with ETH breaking above the stubborn $4,000 resistance for the first time since 2021, market sentiment remains firmly bullish. ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview Regulatory Clarity and Network Growth Add Fuel to the Rally Recent U.S. regulatory developments have removed key uncertainties from the crypto market. The White House’s new digital asset framework, the Ripple-SEC case resolution, and President Donald Trump’s executive order allowing crypto in retirement accounts have boosted Ethereum’s legitimacy in traditional finance. Related Reading: Bitcoin Open Interest Flips Negative After July Peak – Risk Appetite Cools On-chain data reflects the momentum, with daily Ethereum transactions averaging 1.74 million and over 36 million ETH, roughly 30% of supply, locked in staking contracts. The ETH/BTC ratio has also climbed to near yearly highs, indicating a shift in market preference toward Ethereum. Bottom Line If ETH can break the $4,430 resistance, its previous all-time high of $4,860 is within reach. From there, bullish projections point to $5,000 and even $6,500 in 2025. While short-term corrections remain possible, the structural trend suggests Ethereum may be entering a new phase of price discovery. Cover image from ChatGPT, ETHUSD chart from Tradingview
The Argentinian developer said he was detained due to his alleged connection with a privacy protocol, which he did not name.
Paxos has reapplied for a US national trust bank charter after its 2021 conditional approval expired.
Trump Media and Technology Group (TMTG) has filed its first amended registration statement with the Securities and Exchange Commission (SEC) for the Truth Social Bitcoin ETF, advancing plans to enter the fast-growing spot Bitcoin ETF market. The ETF, to be listed on NYSE Arca under the ticker B.T., will hold Bitcoin (BTC) directly and seek […]
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Ark's move comes as Block Inc.'s stock fell 0.49% to close at $73.03 on Monday, its lowest closing price since July 18.
Tuesday's CPI inflation data, followed by PPI report later this week, could make or break bitcoin's momentum, Bitfinex analysts said.
REX Osprey Solana (SOL) exchange-traded fund (ETF) recorded zero trading activity on four of six trading days through August 8, according to Farside Investors data. Trading under ticker SSK, the fund posted no flows on Aug. 1, Aug. 4, Aug. 5, and Aug. 7, with minimal $6.4 million in activity on Aug. 8 and $2.7 […]
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Chainlink’s growing role in SWIFT’s blockchain integration is drawing comparisons to XRP’s long-standing ambitions in the same sector. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Reports have disclosed that SWIFT already uses Chainlink technology to connect more than 11,000 banks to public and private blockchains, a move some believe gives Chainlink an edge in real-world adoption. Chainlink’s Ties With Global Finance Supporters point out that Chainlink’s work now spans major financial players such as the DTCC, Mastercard, central banks, and top asset managers. The collaboration with SWIFT is central to this progress, enabling data and transaction flows between multiple blockchains. When asked which blockchain would carry these transactions, Chainlink advocate Zack Rynes said any of the hundreds available could serve that role, leaving the door open for XRP and the XRP Ledger (XRPL) to participate. He did point out though that, in reality, Swift and Chainlink have been collaborating to link up 11,500 Swift-affiliated lenders to both public and private blockchain networks. People claim $XRP will replace Swift, when in reality Swift is working with @Chainlink to connect 11,500 Swift member banks to any public/private blockchain There’s a million examples of this kind of disconnect between narrative and reality$LINK = institutional coin pic.twitter.com/nt0XXtleV9 — Zach Rynes | CLG (@ChainLinkGod) August 10, 2025 Some XRP backers have pushed back, suggesting that outside criticism is a sign the token is nearing a major breakthrough. Rynes disagreed, arguing that his stance comes from the belief that Chainlink’s $14 billion market cap is too low compared to XRP’s $188 billion, especially given Chainlink’s institutional achievements. Different Views From Ripple Supporters The debate also drew in Dom Kwok, co-founder of EasyA, who responded to a remark from influencer Ansem that Chainlink is what Ripple would be “if it actually worked.” Kwok said he has personally seen Ripple’s technology used in real-world cases, but has yet to see Chainlink deployed in the same way or meet developers actively building with it. He noted that time spent directly with builders often reveals which technology is working at scale. Chainlink’s partnership with SWIFT dates back to 2016 but has accelerated recently. i have actually seen @ripple’s tech work in real life. i’ve never seen @chainlink work in real life, nor have i met anyone building with chainlink either. when you spend every day on the ground with developers you understand what tech works much better than an influencer who’s… https://t.co/0SIbExpvPf — Dom | EasyA (@dom_kwok) August 10, 2025 Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Both announced a proof-of-concept at the most recent Chainlink SmartCon event, utilizing the Cross-Chain Interoperability Protocol (CCIP) to interconnect SWIFT’s legacy messages with multiple blockchains. In May 2023, tests with BNY Mellon and BNP Paribas successfully transferred tokenized assets between chains. Featured image from Unsplash, chart from TradingView
Terraform Labs co-founder Do Kwon will plead guilty on Aug. 12 at 10:30 am ET in federal court. As Inner City Press reported, Judge Paul Engelmayer filed a docket order on August 11. The guilty plea represents a shift from Kwon’s previous trial defense strategy in the high-profile crypto fraud case. The change comes months […]
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The Uniswap Foundation, a well-funded nonprofit organization focused on growing and decentralizing the Uniswap protocol, has announced a new legal proposal. According to the proposal, the Uniswap Governance will adopt a Wyoming-registered Decentralized Unincorporated Nonprofit Association (DUNA) as the legal structure. The new legal entity dubbed DUNI will enable the Uniswap Protocol to retain its …
The US GENIUS Act may boost stablecoin adoption, but its ban on yield-bearing stablecoins could drive trillions into tokenized real-world assets.
Stripe is building payments blockchain Tempo with Paradigm, expanding its stablecoin infrastructure after Bridge and Privy deals.
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Earlier today, Bitcoin (BTC) surged past $122,000 for the first time since July 13, coming close to a new all-time high (ATH) before paring some gains, trading slightly above $119,500 at the time of writing. Bitcoin Eyes New ATH With Retail-Driven Rally According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, the average executed order size in the Bitcoin futures market has declined significantly over the past few months. This suggests that the recent price rally is being driven primarily by retail investors rather than institutional players. Related Reading: Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish For context, the average executed order size is calculated by dividing the total traded volume by the number of executed orders. This metric helps identify whether market activity is dominated by retail participants or large-scale investors. ShayanMarkets shared the following chart showing large yellow and green clusters in late 2024 and early 2025, which corresponded with substantial whale inflows and fueled strong bullish rallies. However, recent weeks have seen a noticeable rise in red clusters, indicating that smaller, retail-sized orders are taking a larger share of market activity. The analyst noted that historically, whale dominance near market peaks has often coincided with local tops. Whale involvement in the BTC futures market has declined since Q2 2025, which could mean that institutional buyers are either holding existing positions from lower levels or waiting for more favorable re-entry points. ShayanMarkets concluded: This dynamic leaves Bitcoin in a position where a bullish breakout above its prior ATH could materialize in the coming weeks, unless renewed whale activity emerges to offload positions, triggering a distribution phase. Recent on-chain analysis suggests that BTC may currently be in a distribution phase. In a separate CryptoQuant post, analyst BorisVest noted that investors are employing a strategy called Smart dollar-cost averaging (DCA) to accumulate BTC at current levels ahead of potential price appreciation. Smart DCA is an upgraded version of the traditional DCA strategy, where investment amounts and timing are adjusted based on market conditions instead of fixed intervals. In crypto, it often uses indicators like moving average or RSI to increase buying during undervaluation phases. Is BTC At Risk Of A Price Correction? While rising retail participation in the BTC futures market can signal organic demand for the flagship cryptocurrency, other indicators point to a possible price correction that could disrupt Bitcoin’s bullish momentum. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers For example, fresh on-chain data shows an uptick in Binance whale-to-exchange flows, often a precursor to near-term price pullbacks. In addition, recent changes in Bitcoin whales’ realized cap suggest a degree of fragility in the market. That said, not all signals are bearish. Some analysts believe BTC could be gearing up for another rally in the second half of the year, with targets as high as $150,000. At press time, BTC trades at $119,583, up 0.8% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Safety Shot will issue preferred shares convertible into common stock.
Bitcoin (BTC) trades in a critical range ahead of the Consumer Price Index (CPI) release on Aug. 12. A recent “Bitfinex Alpha” report positioned BTC for either a breakout to new all-time highs or a retracement toward $110,000 support levels. The Aug. 12 inflation data represents a pivotal moment as market sensitivity to macroeconomic events […]
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In January, the Terraform Labs co-founder pleaded not guilty to several charges, including securities fraud, market manipulation, money laundering and wire fraud.
OpenAI’s new flagship crushes coding tests and complex logic, but creative work is sterile, safety rails are heavy-handed, and its cramped context window leaves it lagging rivals like Claude.
Do Kwon previously had pleaded "not guilty" to multiple fraud charges earlier this year.
Terraform Labs founder Do Kwon may change his plea in the US fraud case over TerraUSDs 2022 collapse, which erased $40B in value.
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Blockchain developer known as Fede’s Intern confirmed his release from Turkish custody on August 11 after authorities detained him over alleged connections to Tornado Cash. The developer posted on X that international intervention secured his freedom following a brief detention at Izmir airport. Turkish police detained the developer upon arrival in Izmir, where he planned […]
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Do Kwon, the mastermind behind the collapsed Terra crypto project, is expected to plead guilty on Tuesday, court docs show.
The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act.
A senior researcher at Glassnode has challenged the idea that the Bitcoin price is correlated to US money supply or other major economies. No Structural Link Between Bitcoin & Money Supply Of Major Economies In a new post on X, Glassnode senior researcher CryptoVizArt.₿ has talked about the Correlation between Bitcoin and the money supplies of the Group of Seven (G7) economies. The “Correlation” here refers to an indicator that measures how tightly together the prices of two given assets are moving. When the value of this metric is positive, it means the price of one asset is reacting to movements in the other by moving in the same direction. The closer the indicator is to 1, the stronger the relationship. Related Reading: This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm On the other hand, the indicator being under the zero mark suggests a negative correlation exists between the prices. That is, they are moving in opposite directions. This behavior is the strongest at -1. Now, here are the charts shared by the analyst that provide a few representations of the Correlation between Bitcoin and the money supply of each G7 nation over a 90-day rolling window: As is visible in the graphs, the Correlation between Bitcoin and the money supplies of seven of the world’s largest economies has swung wildly over the years. Often, periods of positive values of the metric are succeeded by a phase of negative or neutral levels, with there being no clear macroeconomic triggers behind the shifts. “Bitcoin’s correlation with US M2 or other major economies’ money supplies demonstrates no consistent or predictive pattern,” notes the Glassnode researcher. A longer-term view through a 180-day rolling window also shows the same. “Despite frequent claims of a stable linkage, the data suggest the relationship is largely stochastic rather than structural,” says CryptoVizArt. While Bitcoin is certainly not independent of the global economy, this pattern would suggest that there is a mix of several other factors that also play a role in driving the coin. Related Reading: Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst In an earlier X post, the analyst shared the trend in the 180-day Correlation between Bitcoin and two traditional assets: Gold and S&P 500. From the topmost chart, it’s visible that Gold and Bitcoin have seen their 180-day Correlation stand at a neutral level most recently, indicating that the two have pretty much been moving independently of each other. Meanwhile, the second graph shows a notable positive value for the metric between S&P 500 and BTC, implying the cryptocurrency has been moving in tandem with stocks to some degree. BTC Price Bitcoin crossed above $122,000 during the weekend, but it would appear the asset has kicked off Monday with a retrace as its price is back at $119,000. Featured image from Dall-E, chart from TradingView.com
Safety Shot announced on August 11 the creation of a corporate BONK treasury, receiving $25 million in tokens through a strategic alliance with BONK founding contributors. The Nasdaq-listed company issued $35 million in convertible preferred shares as consideration for the allocation. The arrangement positions Safety Shot among a growing cohort of public companies adopting altcoin […]
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Blue Origin’s new crypto payment option joins a wave of blockchain ventures in aerospace, from NFTs minted in orbit to satellites running decentralized networks.
SUI slid to $3.69 after failing to break resistance near $3.98, with open interest dropping 15% and funding rates plunging from July highs.