Ethereum's surge reflects growing institutional confidence, potentially accelerating mainstream adoption and influencing broader crypto markets.
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The close of Ripple's years-long lawsuit signaled the potential for big firms such as BlackRock to try their hand at proposing a spot XRP ETF.
Solana-based memecoin gains 1.7% amid volatile trading, approaching a major resistance zone on strong volume.
At the same time, bitcoin is seeing flattish price action, pushing the ETH/BTC ratio to nearly its highest level of the year.
Stability DAO said it had identified two CrediX Finance team members and was working with other projects and authorities to recover the stolen funds.
Onchain analytics platform Glassnode has revealed that most Bitcoin short-term holders are in profit. This development has raised the possibility of the flagship crypto facing another sell-off from this category of holders, who may be unable to hold during this period of sideways action. 70% of Bitcoin Short-Term Holders Are in Profit A Glassnode report revealed that 70% of the Bitcoin short-term holders’ supply is in profit despite the recent Bitcoin price pull-back. The platform noted that the deeper the correction, the more their supply is likely to fall into loss, a development which could affect these holders’ confidence. Related Reading: Pundit Reveals When To Take Profit From Bitcoin Ahead Of Parabolic Rally The report further stated that, considering that the Bitcoin price is currently trading within a relatively thin air-gap, the sell pressure is likely to come from late-stage profit-taking, should this happen. For now, the sell pressure from these Bitcoin short-term holders looks to be relatively low. Glassnode pointed out the percentage of spent volume originating from Bitcoin short-term holders who were in profit to assess how much this corrective phase has influenced these investors. This metric measures the number of recently acquired coins that are taking profit. The platform noted that the proportion of short-term holders spent coins taking profit has cooled off, currently at 45%, which is a neutral position. Glassnode stated that this suggests that the market is in a relatively balanced position, calming fears about a potential sell-off from Bitcoin short-term holders. Meanwhile, the platform also alluded to the Bitcoin ETFs, which also create sell-side pressure for the flagship crypto. These ETFs recorded a net outflow of 1,500 BTC on August 5, the largest wave of sell-side pressure since April 2025. The report noted that outflows from the Bitcoin ETFs have been relatively brief events, with only a few instances of an extended streak of daily outflows, which create sustained sell-side pressure. Glassnode believes that keeping an eye on the ETF flows will help to identify whether this latest outflow is just a repeat of the short-lived trend or a shift in investors’ sentiment. $116,900 Is The Resistance Level BTC Needs To Break Above Glassnode indicated that the Bitcoin price needs to break above the $116,900 level decisively to build any momentum for the next leg up. This level serves as the cost basis of local top buyers who bought BTC over the last month. The platform claimed that a sustained price move above this level would signal that the demand side is regaining control. Related Reading: Bitcoin Price Crash To $100,000 Or Rally To $122,000? Analyst Shows Game Plan For BTC Furthermore, it also offers early confirmation that the Bitcoin price has found reliable support and could continue its move to the upside. On the other hand, if BTC remains below this level for a longer period, Glassnode remarked that it increases the risk of a deeper correction. Bitcoin could drop toward the lower bound of the air gap near $110,000. At the time of writing, the Bitcoin price is trading at around $116,800, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The Smarter Web Company has purchased an additional 50 Bitcoin, increasing its total holdings to 2,100 BTC, worth approximately $229.6 million. This move aligns with the company’s ongoing strategy to use Bitcoin as a core treasury asset and hedge against traditional market volatility. Since publicly adopting a Bitcoin treasury policy in 2023, the company has …
SPX6900 has ripped 23% higher in the past month, outpacing not just the S&P 500, but also a long list of blue-chip altcoins. For a meme index born from internet culture and irreverent finance, that kind of run reinforces one thing: the 6900 effect is alive and kicking. While traditional markets obsess over earnings calls and GDP prints, meme-led plays are delivering gains that put “serious” assets to shame. Riding this wave is TOKEN6900 ($T6900) – the self-described ‘anti-S&P,’ built on zero utility, zero roadmap, and zero corporate spin. It promises nothing and delivers exactly that. In the upside-down logic of meme finance, that might be the most honest proposition left. And with SPX6900’s surge in full swing, $T6900 could be next in line for the spotlight. SPX6900 Rally & Why It Matters SPX6900 ($SPX) has been on a tear for well over a year. $SPX is up 8.87% in the past week, 23.71% over the last month, and a staggering 10834.57% over the last year. These aren’t the kind of numbers you see in blue-chip equities or even most altcoin rallies. The driver? A flood of retail capital into high-volatility, community-driven plays where memes and market psychology matter more than fundamentals. SPX6900’s performance has proved that meme-led indexes can sustain multi-month momentum when the narrative is strong enough. In the process, ‘6900’ has become a brand in its own right, shorthand for absurdist finance done right. That brand power is exactly what TOKEN6900 is tapping into as it builds its own cult following ahead of launch. TOKEN6900 ($T6900) Overview – The ‘Non-Corrupt Token’ Branding itself as the world’s first Non-Corrupt Token (NCT), TOKEN6900 ($T6900) flips the crypto script, turning everything the industry usually pretends to be on its head. There’s no roadmap, no fake promises, no ‘AI-powered’ whitepaper filler. Just pure satire aimed at the S&P500, SPX6900, and the whole idea of fundamentals. It even improves on SPX6900 with one extra token in supply, making it objectively superior. At $0.006875, the sale has already pulled in over $1.71M, including a $16.3K buy on July 18, 2025. Holders can stake for 36% rewards (ironic for a ‘zero utility’ coin) while the clipart dolphin mascot serves as a tongue-in-cheek rejection of corporate branding. Joining in is simple: head to the official Token6900 presale site, connect your crypto wallet, and buy with $ETH, $USDT, $BNB, or even a card to secure your slice of honest absurdity. Final Verdict: Riding the 6900 Wave with TOKEN6900 Meme coin cycles have a habit of coming back louder, and SPX6900’s latest pump suggests absurdist finance is back in peak demand. TOKEN6900 is perfectly timed for this moment, channelling the same irreverent energy with its unapologetic ‘nothing to offer’ pitch. For traders who get the joke (and want in on the punchline), the presale offers a low entry point before the next price tier kicks in. Still, this is not financial advice. So please do your own research (DYOR): read the presale details, understand the risks, and only put in what you’re prepared to lose.
Panama City Mayor Mayer Mizrachi has expressed strong support for a proposal that would allow ships to pay reduced Panama Canal fees if they settle in Bitcoin. In an Aug. 7 post on X, Mizrachi described the idea as “brilliant” and expressed hope that the Panama Canal Authority would adopt it. Max Keiser, an advisor […]
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The GENIUS Act has sparked a big boost in the stablecoin market. On July 18th, US President Donald Trump signed the GENIUS Act into law, marking a big step to make stablecoins official financial products. Backed by strong bipartisan support, the legislation sets clear rules for the industry, including a requirement that all stablecoins must …
Gold’s surge has often preceded gains in BTC as both assets attract safe-haven flows during macro uncertainty.
Despite aggressive bullish bets, market odds imply under 3% chance of $200,000 BTC price by December of this year.
The XRP price today is experiencing a powerful surge, propelled by a much-awaited monumental news event and strong on-chain metrics. The most recent breaking news, reveals Ripple’s joint filing with the SEC to dismiss all appeals. This news is confirmed by Ripple’s CLO, Stuart Alderoty. This has ignited a market-wide rally, restoring investor confidence and …
This partnership signifies a shift towards enhanced investor protection and increased trust in crypto, fostering broader institutional adoption.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ripple (XRP) was also a top performer, gaining 8% from Thursday.
Fifteen years ago today, Satoshi Nakamoto typed out a short, almost casual statement on a Bitcoin forum that would end up sounding prophetic: “The utility of the exchange made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be net waste.” Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says It traded for a mere $0.07 at the time — Aug. 7, 2010 — and largely among a small group of early adopters. It could be mined on a desktop computer. Today, Bitcoin exchanges near $117,000, after reaching a high this year of $123,000. The token is no longer an esoteric experiment by an unknown programmer but the linchpin of a $2.3 trillion crypto space that has captivated retail investors, Wall Street, even government. #SatoshiNakamoto on #Bitcoin excactly 15 years ago today!$BTC was $0,07 ???? pic.twitter.com/AY1FvN2O9u — Rand (@crypto_rand) August 7, 2025 From Niche Forum Post To Strategic Reserves Cryptanalyst Crypto Rand went back to the pioneering post by Satoshi Nakamoto this week, illustrating how the idea has come to pass in real time. As many wondered back then whether or not Bitcoin would ever be able to warrant its energy consumption footprints, today the demand has expanded beyond the individual level to institutions — even nations. The United States is said to be compiling a Strategic Bitcoin Reserve, an idea which would’ve been absurd back in the year 2010 but today sounds like the next course of the asset within the world of global finance. Macro Moves Meet Satoshi’s Vision Bitcoin’s price action this week offers a real-time example of how it’s now influenced by the same forces as gold, bonds, and other macro assets. The Bank of England just cut interest rates by 25 basis points to 4.00% — its second cut this year — in a bid to steer inflation toward its 2% target. The move sparked a rally across crypto, pushing BTC back to $117,000 and lifting Ethereum (and other altcoins as well) to nearly $3,900. According to the argument made by Satoshi, the utility of bitcoin is no longer simply about peer-to-peer transactions. It has developed into a liquid, universally recognized store of value responding to central bank action, investor sentiment, and geopolitics. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back The Balancing Act Ahead Nevertheless, volatility has not gone away. Tariff plans by Trump and slower-than-projected cuts by US interest rates have deflated some of the air from Bitcoin’s previous highs, demonstrating that even in 2025, macro headwinds can tumble it down sharply. Yet on a scale compared to 2010, it is mind-boggling — from cents to six figures, from a forum message to central bank monitoring screens. Fifteen years later, the comment by Satoshi on electricity and utility doesn’t come across as prophecy alone — it comes across as challenge. And so far, Bitcoin has seemed determined to prove him right. Featured image from Unsplash, chart from TradingView
Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike.
Trump’s move may change US retirement plans. Bitcoin could soon be part of your 401(k), and Wall Street is getting ready.
The odds of XRP ETF approval recently fell by 65%, reportedly due to SEC Commissioner Caroline Crenshaw’s consistent opposition to crypto ETFs, which shook market confidence. However, Bloomberg senior ETF analyst Eric Balchunas believes the reaction was overblown. Since then, sentiment has reversed sharply, with the approval likelihood now surging to around 88%. Analyst Maintains …
Blockchain security firm CertiK says the lender’s website and X account have been offline since Aug. 4, after an attack drained millions.
Users will be able to trade on DEXes such as Aerodrome and Uniswap without having to leave the Coinbase app.
Pi Coin is trading at just $0.3656 after a big token unlock in August 2025 caused its price to drop. While many other cryptocurrencies have bounced back, Pi is still close to its all-time low of $0.33. Some users are asking why the coin wasn’t launched at a higher starting price, which they believe could …
Terawulf saw its net losses expand to over $79 million in the first six months of the year, according to its latest financial report.
Ethereum co-founder Vitalik Buterin recently noted that Visa began with ideals similar to a decentralized autonomous organization (DAO), aiming for shared ownership and collaborative governance. However, he explained that Visa has evolved into a company widely viewed as highly centralized and profit-driven. Buterin’s comments highlight how even organizations founded on decentralized, community-driven principles can become …
While you can’t literally split a private key, there are secure legal and technical methods to share or divide control of crypto assets during divorce.
President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles. The focus now […]
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The Know Labs and the former Chief Revenue Officer (CRO) of Ripple, Greg Kidd, announced the successful closing of the $100 million strategic acquisition with Mr. Kidd’s affiliate, Goldeneye 1995 LLC. Upon closing the transaction on August 6, Mr. Kidd was appointed Chief Executive Officer and Chairman of the Board of Directors. Know Labs Will …
CrediX, a Solana-based decentralized lending platform, suffered a $4.5 million exploit on August 4, 2025. Attackers gained admin and bridge permissions through a multi-signature wallet vulnerability, minted unbacked tokens, and drained liquidity pools. Following the breach, CrediX took its website offline and deleted social media activity, raising fears the team has disappeared. The stolen funds …
Ripple’s cryptocurrency, XRP, has overtaken Uber in market capitalization, reaching approximately $196.5 billion compared to Uber’s $193.25 billion. This achievement marks a major milestone for the cryptocurrency, reflecting its growing adoption and investor interest. The shift highlights how digital assets like XRP are increasingly competing with traditional tech companies in terms of market value, signaling …