Morpho has resumed its bullish run, rising 6.11% in the past 24 hours to trade around $2.49. This is while maintaining its 21% gain this week. Its market cap has climbed to $817.37 million, with daily trading volume shot up 22.77% to $73.61 million. The price surge is being fueled by sector-wide strength in decentralized …
Andrew Tate is back on the memecoin bandwagon but hasn’t nailed the trading game as his wallet approaches losses of $700,000 on Hyperliquid.
FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange. The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals. According to the […]
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August 22, 2025 11:13:13 UTC Powell’s Jackson Hole Speech Could Spark Crypto Rally At 10AM ET, Fed Chair Jerome Powell speaks at the Jackson Hole Summit, a key event for markets. Fears of a hawkish tone have pushed the September rate cut odds down to 71%. But economic signals are flashing red unemployment is up …
Your day-ahead look for Aug. 22, 2025
The Philippines House of Representatives has proposed a bill to establish a national Bitcoin reserve. This would allow the government to hold Bitcoin as part of its official assets, aiming to boost the country’s digital economy and financial innovation. The move reflects growing acceptance of cryptocurrencies worldwide and positions the Philippines as a forward-thinking nation …
Taiwanese prosecutors have indicted 14 people in the country’s biggest cryptocurrency money laundering case. The Shilin District Prosecutor’s Office charged them with fraud, money laundering, and organized crime involving over $70 million and 1,500 victims. Authorities are seeking to confiscate 1.275 billion New Taiwan dollars ($39.8 million), allegedly gained through fraudulent activities. This case highlights …
Australia’s financial watchdog, AUSTRAC, has directed Binance Australia to appoint an external auditor due to concerns about its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. The regulator flagged serious issues with Binance’s compliance and governance, prompting this move to ensure stronger oversight. This step highlights growing regulatory scrutiny on crypto exchanges to improve security …
BlackRock’s iShares Bitcoin ETF has overtaken major crypto exchanges to become the largest known holder of Bitcoin. The fund’s rapid accumulation reflects the growing demand for regulated crypto investment products among institutional and retail investors. This marks a major shift in Bitcoin ownership, with traditional finance players now holding a dominant position. The move also …
BlockFi's collapse began with Do Kwon's Terra implosion, which triggered contagion across crypto lending platforms in the brutal winter of 2022.
SBI partners with Circle, Ripple and Startale to launch stablecoin ventures and a tokenized asset trading platform in Japan.
The European Union is accelerating work on a digital euro and is weighing public blockchains, including Ethereum and Solana, for issuance and settlement, per the Financial Times. The move follows passage of U.S. stablecoin legislation and a market dominated by dollar-pegged tokens, a backdrop that raises concerns inside European institutions about the euro’s role in […]
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For years, XRP has carried the reputation of being the “sleeping giant” of crypto. Loyal holders believe that once the token begins its long-awaited pump, it will never look back. But no market moves in a straight line. Even the giants of traditional finance such as Amazon and Google went through phases of explosive growth …
On-chain analytics platform Lookonchain has drawn attention to a 7-year-old Bitcoin whale who is betting big on Ethereum. This comes amid a crypto market pullback, which has seen ETH and BTC record significant losses. Bitcoin Whale Sells $76 Million To Buy Ethereum In an X post, Lookonchain revealed that a Bitcoin OG, which is holding 14,837 BTC ($1.69 billion), had sold 670.1 BTC ($76 million) and opened long positions of 68,130 ETH ($295 million). The whale made this move by depositing the $76 million BTC to Hyperliquid and selling it off before going long on ETH across four wallets, totaling 68,130 ETH. Related Reading: Analyst Warns Investors To Avoid Bitcoin At All Cost As Price Is Going Below $60,000 This Bitcoin whale received 14,837 BTC seven years ago, which was worth $107.5 million back then, from HTX and Binance when Bitcoin was trading at $7,242. With this recent move, there is the possibility that the whale is now turning their attention to Ethereum, as the investor anticipates a massive move from the largest altcoin by market cap. Furthermore, in another X post, Lookonchain revealed that the Bitcoin whale tried to play it safe on their Ethereum investment as they began closing the long positions and switched to buy spot ETH. In the process, the whale deposited another 1,000 BTC ($113.95 million) to Hyperliquid to buy ETH and bought 19,794 ETH ($85 million) Meanwhile, the Bitcoin OG also moved to trade Ethereum using leverage again and therefore proceeded to create a new wallet and deposited $20 million USDC to go long on ETH with 6x leverage. This brought the whale’s total holdings to 78,265 ETH ($334 million) across five wallets. More Ethereum Buys From The Bitcoin OG The Bitcoin investor has continued to double down on their conviction in Ethereum. The whale has now sold 3,142 BTC ($356.47 million) over the last two days and has bought 55,039 ETH ($237 million) through spot trading and opened a 135,265 ETH ($577 million) long position. Hyperliquid data shows that three out of the five long positions are currently in profit. The largest of them is an unrealized gain of over $2 million. Related Reading: Trader Goes From $43M To $770,000 As Ethereum Price Retraces, Here’s How Lookonchain spotted another Bitcoin OG who deposited BTC into Hyperliquid to sell and buy ETH. On-chain data shows that this whale received 85,947 BTC ($547 million) seven years ago, similar to the earlier Bitcoin OG. Based on this, the on-chain analytics platform opined that it is likely the same whale. Another whale also recently created a new wallet and withdrew 11,950 ETH ($51.32 million) from Binance. At the time of writing, the Ethereum price is trading at around $4,280, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The crypto market fell 0.86% in the last 24 hours, extending its seven-day loss streak to 4.28%. Mixed macroeconomic signals and crypto-specific headwinds have kept investors cautious. Institutional selling intensified after $240M in outflows from BlackRock and Fidelity’s ETH ETFs. At the same time, the high correlation between crypto and equities persisted as the Nasdaq …
Kanye West, now known as Ye, officially entered crypto with the launch of his YZY token on Solana. The debut was explosive: prices shot up 1,400% within the first hour, hitting $3 before crashing back to $0.77 in less than a day. While retail traders rushed in hoping for quick profits, insiders and snipers dominated …
This September, Eric Trump will attend the Metaplanet shareholder meeting in Tokyo as part of his growing focus on cryptocurrency. The visit marks part of his expanding push into the cryptocurrency sector. Metaplanet has recently gained visibility for its Bitcoin-focused strategies, and Trump’s participation is likely to bring further spotlight to the company’s plans. His …
Taiwanese prosecutors reportedly indicted 14 people accused of orchestrating the country’s biggest money laundering case involving cryptocurrency.
The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.
AUSTRAC has ordered Binance Australia to appoint an external auditor after identifying serious shortcomings in the exchange’s Anti-Money Laundering controls.
The crypto market is treading cautiously as investors await Jerome Powell’s upcoming speech, which could set the tone for risk assets in the coming weeks. Bitcoin price and major altcoins have slipped into a consolidation phase, reflecting uncertainty around the U.S. Federal Reserve’s stance on interest rates and inflation. With volatility expected to rise once …
Taiwan has recently been hit by a major crypto fraud case that cheated thousands of people out of their money. Prosecutors are cracking down, and regulators have stepped up to tighten the rules to protect investors. Here’s what has got the cryptocurrency industry talking. Taiwan’s Largest Exchange Under Investigation Taiwan’s largest virtual currency exchange, Bixiang …
Crypto firm Ripple has revealed plans to expand its RLUSD stablecoin into Japan by 2026. On Aug. 22, the stablecoin issuer announced that it had signed a memorandum of understanding with SBI VC Trade, a Japanese financial powerhouse SBI Holdings subsidiary. According to the statement, SBI would distribute RLUSD in Japan and work with Ripple […]
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In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
Kraken becomes the first major crypto exchange to fully deploy distributed validator technology for Ethereum staking with SSV Network.
Binance Australia has 28 days to nominate external auditors for AUSTRAC's consideration.
The suspects allegedly operated under the guise of BitShine, which had passed Financial Supervisory Commission checks.
Spot Ether ETFs now hold 6.42 million ETH worth $27.66 billion, equal to 5.31% of the asset’s circulating supply.
A bitcoin wallet dormant for seven years recently became active, selling a significant portion of its BTC and buying Ethereum.
The European Union is now considering whether its long-awaited digital euro should be launched on public blockchains, such as Ethereum or Solana, according to a Financial Times report. This represents a significant shift from earlier discussions, which leaned toward a closed, permissioned system run directly by the European Central Bank (ECB). If adopted, this move …