Nasdaq-listed Heritage Distilling Holding Company has unveiled a $360 million digital asset treasury strategy centered on the Story (IP) token, according to an Aug. 11 statement provided to CryptoSlate. The company said it secured $220 million through a private placement, comprising $100 million in cash and $120 million in Story tokens. Of the total proceeds, […]
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If the deal moves forward, MARA will pay $168 million in cash to secure a 64% stake in Exaion, the data firm with a foot in AI.
Bailey's $1B Bitcoin purchase could significantly influence market dynamics and bolster political advocacy for cryptocurrency adoption.
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Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000.
Ethereum’s recent surge has pushed it past another milestone, with the world’s second-largest cryptocurrency by market cap overtaking MasterCard in the global asset rankings. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status According to data shared by Watcher Guru, Ethereum now holds the 22nd spot, backed by a market capitalization of $507 billion. It’s trading at $4,220, with a 24-hour trading volume of $53.50 billion, and the mood among traders has been leaning toward optimism. Ethereum Breaks Long-Term Technical Pattern Reports have disclosed that analyst Crypto Patel has identified a breakout from a multi-year ascending triangle pattern on Ethereum’s chart — a formation often linked to strong upward price moves. Holding above $4,000 has been key in confirming the breakout, with Patel suggesting the setup could eventually send ETH toward $16,000 if buying pressure continues. JUST IN: Ethereum $ETH flips MasterCard to become the world’s 22nd largest asset by market cap. pic.twitter.com/JOCpZGOXaV — Watcher.Guru (@WatcherGuru) August 9, 2025 Patel also pointed to $3,500–$3,000 as a “demand zone” where pullbacks could attract more buyers. For those who entered before the breakout, the rally has been highly rewarding. According to Patel, early investors have seen gains of around 300%, marking one of Ethereum’s strongest runs in recent memory. ETF Flows Highlight Institutional Interest Institutional buying has added fuel to Ethereum’s climb. Based on August data, ETH exchange-traded funds (ETFs) brought in roughly $174.57 million in net inflows, compared to Bitcoin ETFs, which saw $565 million in net outflows during the same period. $ETH just broke out of a multi-year ascending triangle after holding $4K as support. Measured move from this pattern points to $16K if momentum holds. $3500-$3000 now key demand zone: Pullbacks here = re-entry opportunities. Hope you enjoyed our early entry wall on Ethereum,… https://t.co/ujN0h2PBVt pic.twitter.com/eblVPCpPUt — Crypto Patel (@CryptoPatel) August 10, 2025 This trend has given Ethereum some momentum against Bitcoin, with ETH briefly crossing the $4,300 mark on August 9 for the first time since 2021. Vitalik Buterin has also made comments suggesting that companies holding ETH in their treasuries could benefit from the asset, though he urged caution to avoid overexposure. His words induced new chatter on how far deep structural demand can take ETH/BTC to new heights. Differing Opinions On How Far The Rally Will Go Market observers are still divided on what Ethereum will do next. Bullish analysts cite chart indications as well as robust fundamentals as gauge that ETH will be able to keep delivering the goods. Skeptics caution that false breakouts are the norm and that remaining above $4,000 with heavy volume will be the true test in coming weeks. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Though Ethereum’s climb above MasterCard in terms of market value has been celebrated as another move into mainstream acceptance, analysts point out that rankings can change in a heartbeat with the ebb and flow of markets. At this time, ETH has a clean technical breakout, high institutional demand, and traders’ renewed focus — all things that can make the stage for larger action if it continues to hold. Featured image from Unsplash, chart from TradingView
XRP’s market cap is 2,200x greater than its total value locked on XRPL, signaling heavy upside speculation among traders.
Support has been established at $2.49, with resistance at the $2.68 level.
Sustained ETF inflows and corporate reserves could position ETH to outperform and challenge $5,000 for the first time ever.
Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue […]
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Internet Computer saw a sharp reversal after testing $5.75 before staging a partial recovery.
The Cosmos ecosystem token saw steep intraday losses before staging a strong final-hour recovery, breaking key resistance levels and signaling renewed institutional interest.
Ethereum reached multi-year highs, breaking decisively above the $4,300 level after several days of strong bullish momentum. This breakout marks Ethereum’s highest level since late 2021, fueled by growing institutional demand, ETF inflows, and expanding on-chain activity. However, fresh market data from CryptoQuant suggests that caution may be warranted in the short term. Related Reading: Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps The all-exchange Estimated Leverage Ratio (ELR) has climbed to 0.68, approaching historical highs and signaling excessive market-wide leverage. While Binance’s ELR sits lower at 0.52, indicating more measured positioning on the world’s largest exchange, higher relative leverage on other platforms points to elevated speculative activity elsewhere. Ethereum’s price is currently testing a critical resistance zone between $4,020 and $4,060—a historically pivotal area that has often determined whether a rally accelerates or faces a sharp pullback. Adding to the short-term risk profile, Binance netflows have spiked significantly above the all-exchange average, suggesting concentrated inflows that may lead to localized sell pressure, possibly linked to liquidations or arbitrage-driven trades. Ethereum Mid-Term Outlook: Institutional Flows and Network Strength According to Crypto Onchain, a CryptoQuant analyst, Ethereum’s mid-term fundamentals remain strongly bullish despite short-term caution signals. Institutional demand is surging, with US Spot Ethereum ETFs recording a record $726.6 million in daily net inflows, driven by giants like BlackRock and Fidelity. This has pushed total ETF holdings above 5 million ETH (valued at approximately $20.3 billion), a milestone that underscores Ethereum’s growing role in institutional portfolios. Beyond ETFs, major players are increasing direct exposure. Ark Invest purchased 30,755 ETH worth $108.57 million, while Fundamental Global allocated $200 million to ETH as part of its treasury strategy. This wave of accumulation reflects deepening confidence in Ethereum’s long-term utility and value proposition. On-chain metrics also paint a bullish picture. Transaction volumes are hitting new highs, and staking participation continues to expand, locking up more ETH and reducing circulating supply. Regulatory clarity—such as the SEC closing investigations into liquid staking—has further strengthened structural demand for ETH. Upcoming network upgrades, including Pectra and Fusaka, are set to boost scalability and lower costs. This will enhance Ethereum’s appeal to both developers and enterprises. In the short term, high leverage, key resistance levels, and concentrated exchange inflows pose a risk of sharp volatility. However, the mid-term outlook remains intact, supported by sustained institutional inflows, robust network growth, and technological advancements. Even if near-term corrections occur, these factors should help cap downside pressure and maintain Ethereum’s broader bullish trajectory. Related Reading: Bitcoin Holds Strong Near All-Time High – Market Not Overheated Yet, Data Shows Price Action Details: Setting Fresh highs Ethereum’s 4-hour chart shows a strong breakout above the key resistance at $3,860, which had capped price action in late July. Following this decisive move, ETH surged past the $4,300 level, marking its highest point since November 2021. This rally was supported by strong bullish momentum, as seen in the steep incline of the 50-period SMA (blue) and the price holding well above the 100-period (green) and 200-period (red) SMAs. Currently, ETH is consolidating just below its recent peak, around $4,240, signaling a potential pause before the next move. This consolidation at elevated levels, rather than a sharp retracement, suggests that bulls remain in control. The $3,860–$3,900 zone now acts as a critical support, and a retest could provide a healthy setup for continuation. Related Reading: Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks Volume spikes during the breakout indicate strong buying interest, but the reduced volume in the latest candles suggests the market is waiting for fresh catalysts. A sustained move above $4,300 could open the door toward the $4,450–$4,500 zone, while a breakdown below $3,860 would weaken the bullish structure. Featured image from Dall-E, chart from TradingView
The DEX has generated $122 million in fees over the past 30 days.
Developing nations can use crypto to bypass financial constraints, hedge inflation and attract investment. Emerging economies are discovering crypto’s power.
The stablecoin issuer seeks to convert its New York Department of Financial Services license to federal oversight
Terraforn Labs co-founder Do Kwon plans to plead guilty years after U.S. prosecutors charged him with fraud and money laundering.
After peaking at $0.00002841, BONK slid before finding stability at $0.00002620 in a volatile trading session
S&P Global Ratings has issued its first credit rating for a decentralized finance protocol, assigning Sky Protocol a B-minus with a stable outlook. The rating, published August 8, applies to the protocol’s stablecoin liabilities, including USDS and DAI, as well as their interest-bearing versions, but does not extend to governance tokens. The move establishes a […]
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ALT5 Sigma is raising $1.5 billion through a 200 million-share sale to fund a corporate treasury centered on Trump-backed World Liberty Financial tokens.
The pursuit of US trust bank licenses by crypto firms like Paxos, Ripple, and Circle could enhance regulatory credibility and global influence.
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Ethereum’s Fusaka upgrade arrives in November 2025, quietly boosting scalability and network resilience without changing smart contracts
BNB saw significant trading volume, with over 146,000 tokens traded in a single hour during the initial rally.
Ethereum treasuries are growing rapidly as major players accumulate significant amounts of ETH. BitMine Immersion is leading the pack and is now the largest Ethereum treasury in the world. It recently purchased another 317,126 ETH, making it the first Ethereum treasury company to hold over 1 million ETH. BitMine Emerges as the World’s Largest Ethereum …
S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi protocol
Ethereum breaks new ATH in Japan and Korea, reaching 639,455 yen and surpassing the previous record of 632,954 yen, dating from December 17, 2024. A similar event took place in South Korea, where $ETH reached 5,971,000 won, beating the previous record of 5.9M won from December 2021. The sudden surge is unlikely to be the effect of the changing exchange rate, which is known to influence the crypto market, because both the yen and the won appreciated against the US dollar. Normally, this would suggest that crypto prices should go down, except the Japanese and the South Korean markets experienced the opposite. The only other explanation is an increase in local demand. But what’s the driving force behind the surge in investor interest? Growing Institutional Adoption Driving Ethereum Up The likeliest explanation for $ETH’s record performance on the Asian markets is the growing institutional adoption at the global level, with companies like Bitmine leading the pack with an iron hand. Bitmine has the largest Ethereum treasury, worth over $2.9B, with Chairman Thomas Lee stating that: We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply. —Thomas Lee, Public statement So, not only is Bitmine the largest $ETH player, but it plans to keep staking Ethereum for the foreseeable future, taking a page out of Strategy’s playbook, the largest Bitcoin holder in the world, with 628,946 $BTC, worth over 75$. Trump’s recent executive order, which allows crypto into the 401(k) plans, also played a critical role in pushing $ETH up the food chain. $ETH trades at $4,173 right now, but the growing interest in the Asian markets could force a bullish trend globally, fueling the entire ERC-20 ecosystem. If and when that happens, keep your eye on the following three projects, which show the highest growth potential in 2025. 1. Snorter Token ($SNORT) – Multi-Chain Token Sniper That Rewards Opportunistic Traders Snorter Token ($SNORT) is a Solana/Ethereum-based project that introduces the Snorter Bot, the opportunistic trader’s best friend. The Snorter Bot tracks down and snipes hot tokens milliseconds after liquidity becomes available, making it more reactive and effective even than UIs like Pump Fun, Raydium, and Jupiter. The Bot solves most problems associated with manual coin hunting, which include the risk of scams like honeypots and rug pulls, as well as the high entry-level tech knowledge requirement. As a novice trader, you only need to learn how to customize the Bot to your liking, enabling its real-time alerts to protect against suspicious projects and setting up the specifics. The Bot will do the rest. Snorter Bot is the ideal trading partner for beginners and professional traders, helping you target hot assets before they lose steam. $SNORT powers the ecosystem with the help of a $2.9M presale and a price of $0.1009. Given the project’s long-term potential, this may be the perfect time to invest. Our analysts predict a $1.02 $SNORT by the end of 2025, for a 910% growth. 2030 could see $SNORT pushing up to $1.50 or higher, depending on the mainstream appeal and implementation. You can buy your $SNORT today by going to the presale page and following the steps. 2. Dogecoin ($DOGE) – The Friendly Shiba Dog Leading the Meme Market Dogecoin ($DOGE) is the world’s most popular and beloved Shiba-dog-turned-meme, sitting at the forefront of the meme market. While it started as a purebred meme coin, Dogecoin soon gained blockchain utility as peer-to-peer currency. Today, you can spend $DOGE in online shops with third-party providers like Bitpay and Coinbase. The Dogecoin Foundation plans to expand on that and turn $DOGE into people’s coin, pushing it into the mainstream even more, if that’s even possible. $DOGE is backpedalling now, trading at $0.2291, witnessing a small contraction over the past 24 hours. However, this comes after a 12.75% push over the past week, which could paint this minor seatback as a buy signal. Especially since analysts like Ali Martinez predict another bull run, similar to 2021’s ATH, when $DOGE experienced a 13,000% pump. If you want to join the $DOGE run, go to your favorite exchange and refill your portfolio today. 3. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer 2 Upgrade Promising Solana-Level Network Performance Bitcoin Hyper ($HYPER) is Bitcoin’s official Layer 2 upgrade that promises a Solana level performance boost with the help of tools like the Canonical Bridge and Solana Virtual Machine (SVM.) The Canonical Bridge connects the Bitcoin ecosystem to Hyper, minting wrapped Bitcoin into the Layer 2 in numbers equivalent to what the users deposit into the Bitcoin network. The Bitcoin Relay Program is the main transaction validator, ensuring fast throughput. The Canonical Bridge decongests the Bitcoin network and enables near-instant finality, aside from supporting complex DeFi operations like DEXs and staking. The Solana Virtual Machine (SVM) enables lightning-fast execution for DeFi apps and smart contracts for Solana-level throughput and scalability. These tools aim to lift Bitcoin’s traffic cap, currently at 7 transactions per second (TPS), and bring it more in line with modern standards. By comparison, Solana works with 2,909 TPS. $HYPER is in presale now and has already accumulated over $8.3M, making it one of the most successful presales of 2025. Based on the project’s long-term goals, our analysts predict a 2025 price point of $0.02595 by the end of 2025. A five-year prediction could place $HYPER at $0.253 if Hyper sees successful implementation and growing adoption. If you want to support Hyper or simply aim to diversify your portfolio, go to the presale page and buy your $HYPER today. $ETH Bull Incoming? $ETH is stable now, but the asset’s performance in the Asian markets can soon reach the Western shores. Especially in the pro-crypto context created by Trump’s 401(k) order and the GENIUS Act as the modern foundation of the new crypto financial system. More importantly, Bitcoin is still bullish, and if it rallies to another ATH, we could expect the entire market to rally, with projects like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER) seeing increased interest. This isn’t financial advice. Do your own research (DYOR) and invest wisely.
Ethereum has surged more than 20% to firmly reclaim the $4,200 price level for the first time since 2021. This interesting move has come off the back of Ethereum’s steady inch higher, and $5,000 could now be the next major psychological barrier. However, while the bullish narrative is currently dominant, a technical analysis posted by crypto trader Orbion suggests that this rally may have an expiration date. The Road To Euphoria And A Full Exit Plan Ethereum’s price action over the past week has seen it outperform many cryptocurrencies, and confidence is steadily returning to the leading altcoin. However, Orbion took to the social media platform X to share that he had already sold 33% of his Ethereum holdings, and the best time to fully exit every Ethereum position is in the next two months. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest His post was accompanied by a well-known cheat sheet on market cycles. According to the sheet, Ethereum’s current position is in the Optimism and Ethereum dominance phase. The Optimism phase is the point in a rally when market participants begin to believe that the uptrend is truly sustainable. Notably, the chart’s projection is a climb to the Market Peak/Euphoria phase by the end of October 2025. It is at this point that traders can expect an extreme overvaluation and a looming downturn. Drawing similarities to similar patterns in 2017 and 2021, Orbion stated that his plan is to sell the remainder of his ETH holdings by October 31, although the price will start tapering off in late September. Projecting Ethereum’s Next Move According to the projection on the chart above, Ethereum still has a long way to go before it reaches a defined peak. That is to say, there’s a high possibility that Ethereum could finally break above its 2021 all-time high of $4,878. Related Reading: Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key It will be interesting to see how the Ethereum price rally plays out in the next two months before it reaches a new peak. Based on the cheat sheet, Ethereum could see its most aggressive price acceleration in the weeks leading up to Halloween on October 31. This final leg of the rally will be driven by euphoria-fueled buying, where investors feel unstoppable and certain of a continued rally, much like the 2021 cycle. Even if Ethereum were to start crashing by late October, its current trajectory suggests it could break $5,000 before it reaches a new peak. Notably, Orbion’s short-term target for ETH is in the $5,800 to $6,000 range if momentum continues. Technical analyses show Ethereum price targets ranging from $4,800 to as high as $12,000. According to a technical analysis from crypto analyst Titan of Crypto, Ethereum is currently tracing out the same pattern as Bitcoin in 2020 and is on a path to reach $12,000. At the time of writing, Ethereum is trading at $4,270, up by 20.5% in the past seven days. Featured image from iStock, chart from Tradingview.com
Bitcoin’s USD spot market posted a coordinated 3.65% gain over the past 24 hours, with trading activity dominated by Coinbase and price moves unfolding in lockstep across the major USD venues. The session analyzed by CryptoSlate, on Aug. 11, 09:40 CEST, provides a clear look at where USD liquidity sits and how it shapes the […]
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From a six-month runway in 2022 to a projected $50 million in 2025 revenue, Pudgy Penguins beat the NFT crash with a risky bet on toys.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bullish's increased IPO target and valuation highlight growing investor confidence in crypto exchanges despite past market challenges.
The post Peter Thiel-backed exchange Bullish boosts IPO target to $990M, eyes $4.8B valuation appeared first on Crypto Briefing.