Venice launches DIEM, a tokenized AI compute asset giving holders $1 daily API credit, minted exclusively by VVV holders.
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A provision addressing conflicts of interest would likely bolster Dem support for crypto market structure legislation, Angie Craig said.
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, Bitcoin open interest across all exchanges has surged past $40 billion, nearing ATH territory. This rise shows both whales and short-term traders are piling into leveraged positions. Related Reading: Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses The chart below highlights the recent spike in BTC open interest, now hovering at $40.6 billion. Compared to August 2024 levels of $15 billion, open interest has grown by more than 150%. The CryptoQuant contributor added that despite this surge, the funding rate has remained positive, showing a strong long bias. While this reflects market optimism, it also signals a crowded trade, with most participants betting on further BTC appreciation. As a result, the risk of a long squeeze – forced liquidations of long positions due to aggressive leverage – has risen. XWIN Research Japan explained in their analysis: A sudden price drop can trigger a cascade of forced selling, amplifying volatility. In other words, Bitcoin’s short-term moves remain at the mercy of speculative flows. BTC Fund Holding By Institutions Rises Despite speculative froth from excessive leverage in the market, BTC fund holdings by Bitcoin exchange-traded funds (ETFs) and institutional investors continue to surge, exceeding 1.3 million according to latest data. Spot ETFs and corporate treasuries absorbing BTC provides the digital asset a structural bid that steadily reduces its available supply. According to data from SoSoValue, US-based spot Bitcoin ETFs currently hold $146 billion in net assets – representing 6.47% of BTC’s market cap. Related Reading: Market Jitters Rise As Bitcoin Pulls Back—Is $135K Still Possible? That said, this week alone has seen more than $645 million in outflows from spot Bitcoin ETFs, following two consecutive weeks of inflows totaling nearly $800 million. Among the ETFs, BlackRock’s IBIT leads with $84.78 billion in net assets as of August 19. Still, not all signals are bearish. For instance, while BTC slipped below $115,000, its spot trading volume surged past $6 billion, giving bulls hope for a potential rebound. Similarly, technical analyst AO recently suggested that BTC could be mirroring gold’s trajectory, with an ambitious target of $600,000 by early 2026. At press time, BTC trades at $113,845, down 1.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Gemini cryptocurrency exchange co-founders, Cameron Winklevoss and Tyler Winklevoss, have donated 188.4547 Bitcoin (BTC), valued at about $21 million, to the Digital Freedom Fund PAC. The recently created Digital Freedom Fund PAC received strategic funding from the Winklevoss brothers to help crypto-friendly leaders be elected during the upcoming midterm elections in the United States. According …
Nasdaq plans to delist BNB treasury company Windtree Therapeutics for failing to meet compliance requirements by staying above $1.
Windtree Therapeutics, a struggling biotech firm that rebranded itself around holding BNB reserves, is set to be delisted from the Nasdaq after its stock collapsed below the exchange’s minimum price requirement. According to a filing with the Securities and Exchange Commission, Nasdaq will remove Windtree from its listings on Aug. 21 after the company failed […]
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BTC only mounted a modest bounce from the overnight lows, while BNB hit a new record high and ETH, SOL rebounded 6%-7%.
Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited. The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third at $37.6 million. […]
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Ethereum (ETH) is struggling to hold above $4,200 after a sharp sell-off triggered widespread liquidations across the crypto market. It has dropped nearly 9% over the past week, with traders bracing for a potential retest of the $4,100 level. Related Reading: Shiba Inu Takes Major Step With Community Governance Model — Details Data from CoinGlass shows that more than $178 million in positions were liquidated in the past 24 hours, with ETH long traders suffering the biggest blow, over $127 million wiped out. A notable case saw one Hyperliquid trader lose nearly $6.2 million after re-entering ETH longs too aggressively, turning months of gains into heavy losses within just two days. This volatility comes as Ethereum’s exit queue for staking withdrawals has surged to 910,461 ETH, worth about $3.91 billion, signaling an upcoming wave of supply that could pressure prices further. ETH's price losing momentum on the daily chart. Source: ETHUSD on Tradingview Institutional Investors Step in Despite Market Jitters Despite retail pain, large institutional players appear to be buying the dip. Bitmine Immersion, the biggest publicly traded ETH holder, recently added 52,475 ETH, bringing its holdings to nearly $6.6 billion. SharpLink followed suit, purchasing 143,593 ETH at $4,648, though its position is now underwater. Blockchain trackers also flagged new inflows from FalconX-linked wallets worth over $38 million. This suggests that while short-term sentiment remains shaky, big-money investors continue to accumulate ETH, betting on its long-term value. Ethereum (ETH) Analysts Warn of Deeper Losses Before Recovery Market experts caution that Ethereum may remain under pressure as macroeconomic uncertainty looms ahead of the U.S. Federal Reserve’s Jackson Hole meeting. Pessimistic tone from Fed Chair Jerome Powell could trigger further risk-off sentiment across crypto and equities. On-chain activity has also weakened. Active Ethereum addresses have dropped nearly 28% in August, signaling waning retail participation. Network growth has slowed as well, raising questions about near-term demand. Still, analysts see long-term upside once the market absorbs the $4B staking unlock. Some forecasts remain bullish, with Ethereum projected to reach between $6,000–$8,000 by year-end if institutional flows persist. Related Reading: Ripple Enters Agreement With Gemini Ahead Of IPO — Here’s What We Know For now, however, the critical question remains: can ETH defend $4,000, or will supply pressure drag it into a deeper correction? Cover image from ChatGPT, ETHUSD chart from Tradingview
The judge cited ongoing cooperation of the defendants in the case as one of the reasons for unfreezing the stablecoins.
Ether price shows resilience despite macroeconomic uncertainty, with derivatives steady and onchain activity strengthening the prospect of a recovery.
Gemini founders Cameron and Tyler Winklevoss donated 188.4547 Bitcoin (BTC) worth $21 million to establish a new political action committee. Tyler announced the Digital Freedom Fund PAC on Aug. 20, positioning the group as a vehicle to “help realize President Donald Trump’s vision of making America the crypto capital of the world.” The PAC plans […]
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Armstrong joins Jack Dorsey and Cathie Wood in calling for explosive BTC growth, with Ark Invest projecting as high as $3.8M by decade’s end.
According to a Binance Research report, tokenized stocks are nearing a major inflection point reminiscent of the early days of decentralized finance.
The rationale behind token buybacks mirrors traditional corporate share repurchase programs, but the effectiveness shows mixed results.
Binance Coin (BNB) has hit a new all-time high (ATH) against all odds. The large-cap altcoin, with a fully diluted valuation of about $121 billion, surged over 4.4 percent on Wednesday to reach a new ATH of above $875 during the mid North American trading session. According to market data from Binance-backed CoinMarketCap, BNB’s daily …
Kraken’s acquisition will add natural-language trading automation to its Pro platform, as exchanges, miners and analytics companies move aggressively into AI.
The Gemini co-founders, with a combined net worth in the billions, have said they will make another political contribution in support of US President Donald Trump’s crypto agenda.
The Securities and Exchange Commission is moving in a different direction on crypto. Related Reading: Cardano Climbs To 8th, Pushing Dogecoin And TRON Down The Ranks Chair Paul Atkins confirmed that the agency will launch the President’s Digital Assets Group, a step he says will open a new chapter in US regulation. White House Roadmap According to Atkins, the first objective of the new group will be to carry out recommendations from the President’s Digital Asset Markets Working Group. His remarks came during the Wyoming Blockchain Symposium, where he introduced what he called “Project Crypto” and promised to move away from regulation by enforcement. I had a great conversation with @TeresaGoody at @SALTConference’s Wyoming Blockchain Symposium today about my priorities as @SECgov chairman, including Project Crypto and making IPOs great again. It’s a new day at the SEC. Thread ????⬇️ pic.twitter.com/I7UIrjQFpT — Paul Atkins (@SECPaulSAtkins) August 19, 2025 Atkins stated the SEC will not rely on old methods. Instead, the commission intends to create rules that prevent abuse but remain flexible enough for technology’s rapid development. Atkins said the effort is part of US President Donald Trump’s extensive push for a more transparent policy on digital assets. Investor Protection And Innovation Atkins praised the administration for supporting a plan that he says balances investor protection with space for innovation. He added that cooperation with Congress, the White House, and other agencies will help keep US policy consistent and aligned with international standards. This is a clear contrast to the approach of his predecessor, Gary Gensler, who frequently said most tokens were securities under existing rules. Critics of Gensler’s stance argued it drove innovation overseas and created a climate of uncertainty. Atkins rejected that argument, saying very few tokens meet the definition of securities. The way tokens are packaged, marketed, and sold matters more, he explained. Flexible Rules For Developers The shift could make it easier for crypto projects to operate in the US without immediately being treated as securities. Reports show that the President’s DAWG released a roadmap in July urging regulators to introduce rules that encourage businesses while maintaining investor safeguards. Atkins said the SEC will stick closely to that roadmap. Related Reading: Analyst Says Shiba Inu’s $0.000010 Support Could Trigger Major Bounce Exemptions & Transparency He explained that the commission will provide exemptions, safe harbors, and new disclosure standards tailored for crypto companies. That would replace the “one-size-fits-all” system that has frustrated the industry for years. Activities such as ICOs, airdrops, network rewards, and building decentralized apps may be treated more flexibly under this plan. Atkins clarified that the new approach does not mean a free-for-all, but rather a structure designed to support responsible growth. Featured image from Meta, chart from TradingView
The panelists agreed that it is not too late for the US to catch up to other jurisdictions, but urged swift crypto regulatory legislation.
The evolving crypto landscape, driven by institutional focus and macroeconomic factors, challenges the traditional altseason dynamics.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Wormhole Foundation is looking to counter an offer made by cross-chain messaging rival LayerZero to purchase Stargate.
Federal Reserve officials focused significantly on stablecoins during their July 29-30 meeting, analyzing potential impacts on the financial system following the passage of the GENIUS Act. In the minutes released on Aug. 20, the members of the Federal Open Market Committee (FOMC) mentioned the digital tokens multiple times. Stablecoins discussed extensively The officials mentioned “payment […]
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Ethereum is currently under pressure inside a falling channel, consolidating after its recent rally. With $4,150 acting as key support, ETH seems to be preparing for a bounce back toward the $4,788 resistance and all-time high zone. ETH Holds Steady Near $4,190 As $4,150 Support Faces Test Ash Crypto, in his recent Ethereum 4H chart analysis shared on X, pointed out that ETH is currently trading around $4,190, holding just above the key $4,150 support zone. This level has been acting as an important cushion for price action. Related Reading: Ethereum Breaks Above Key Level Against Bitcoin, Sparking Bullish Cycle Talk He further noted that Ethereum’s price movement is unfolding within a falling channel, a pattern that typically reflects short-term corrective pressure. This comes after the strong upward rally seen earlier this month, suggesting that the market is currently pausing and consolidating gains before deciding its next major direction. According to the analyst, if buyers can defend the $4,150 support, ETH may gain sufficient strength to attempt a breakout from the channel. Such a move could pave the way for a retest of the $4,788 resistance level or the all-time high zone. A successful push above this area would likely ignite renewed bullish momentum and possibly extend the larger uptrend. On the other hand, if the $4,150 level gives way under sustained selling pressure, Ethereum could face a deeper retracement. The next strong support lies around $3,900, a level that aligns with higher-timeframe support zones. This makes it a crucial area for bulls to defend, as a failure to hold there could shift market sentiment and signal the start of a more extended correction. Ethereum’s Next Move Hinges On Key Price Levels In his analysis of Ethereum, Ash Crypto emphasized the importance of momentum and key levels to watch closely. He pointed out that ETH is currently trading within a short-term bearish structure, characterized by a series of lower highs and lower lows on the chart. Related Reading: Ethereum Nears $5,000 After 45% Monthly Rally, Whale Buying and Regulatory Clarity Fuel Surge Despite this temporary weakness, Ash highlighted that a breakout above the falling channel would be a major shift in momentum. Such a move would flip the current bearish outlook into a bullish one, signaling the possibility of renewed upside pressure and a potential continuation of the broader uptrend. On the downside, the most critical support remains at $4,150. If this level fails to hold, the next strong support can be found at $3,900. As for the upside, the resistance to watch is $4,788. A successful retest and breakout above this level would likely confirm a strong bullish reversal, opening the door for ETH to push into uncharted territory. Featured image from Getty Images, chart from Tradingview.com
The wider crypto market, led by Bitcoin (BTC), has recorded mild gains in the past 24 hours. The total crypto market cap surged by 1.2% to hover about $3.92 trillion on Wednesday, August 20, during the mid-North American session. Nevertheless, the fear of further choppy crypto markets remains palpable. For instance, Bitcoin’s fear and greed …
Four in 10 crypto investors in Britain reported that their banks blocked or slowed payments to digital asset platforms, highlighting growing tension between traditional finance and the country’s crypto sector. The findings come from an IG Group survey of 500 active crypto users and 2,000 adults across the U.K., according to a CoinTelegraph report. Crypto […]
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The Federal Reserve should support technology and innovation, said Fed Governor Christopher Waller as the central bank relaxes its policies.
The Ethereum Foundation wants to enhance security so Ethereum can handle "billions of users trillions of dollars."
Seven organizations affiliated with crypto urged a quick confirmation of Brian Quintenz to the CFTC, though nothing was scheduled on the Senate calendar before its recess.