The two men pleaded guilty to conspiracy to commit wire fraud in February and later received a letter directing them to “self-deport” from the United States.
Bitcoin could pick up momentum above $120,000, with ETH, BNB, LINK, and UNI following suit.
Pantera’s Dan Morehead nailed his prediction for Bitcoin’s Aug. 11, 2025 price, made in November 2022 as BTC was nearing its bottom.
Ethereum tops $4.6K for the first time since 2021, fueled by $130M in short liquidations, $9B treasury buys, and record ETF inflows.
The post ETH tops $4.6K for first time since 2021, eyes ATH appeared first on Crypto Briefing.
Bitcoin also crossed back above $120,000, but it's underperforming much of the rest of the cryptocurrency sector.
OpenAI’s GPT-5 rollout left people grieving for their lost loves, proof that in the age of AI, a patch can feel just like a breakup—or worse.
Coinbase launched a second Stablecoin Bootstrap Fund to provide additional liquidity for the DeFi ecosystem via USDC. According to an Aug. 12 announcement, the initiative will target protocols across multiple blockchains, starting with Aave, Morpho, Kamino, and Jupiter. Coinbase also invited protocols seeking liquidity to reach out to the exchange. The fund represents Coinbase’s renewed commitment […]
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Microsoft has recently rolled out a chip called Majorana 1 that its engineers say could point the way to building quantum computers with the scale people once only imagined. Google and IBM have also posted progress updates in recent months, and some in crypto called the news alarming. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin But Graham Cooke, a Google veteran-turned blockchain CEO, pushed back on the panic, saying “Your wallet’s math is stronger than the fabric of spacetime itself.” Majorana 1 And The Million Qubit Claim Microsoft says Majorana 1 uses a new class of material — a “topoconductor” — and an architecture meant to make qubits more stable and easier to scale toward a million-qubit device. The company frames the chip as a step toward practical, fault-tolerant quantum machines that could handle very large problems. That kind of scale is what makes some people worry about cryptography, because certain quantum algorithms work very differently from the classical math that protects keys today. Microsoft built a 1-million-qubit quantum computer. Bitcoin holders are panicking—this could crack crypto encryption. But your seed phrase has 340,000,000,000,000,000,000,000,000,000,000,000,000 combinations. Here’s why quantum still can’t touch it: pic.twitter.com/kiI5oIXej1 — GC Cooke (@GCcookeHQ) August 11, 2025 Google’s Willow And IBM Roadmaps Based on reports, Google’s Willow chip and IBM’s public roadmap have added fuel to the conversation. Google showed a chip that it says solved a benchmark task in under five minutes that, by their measure, would take a classical supercomputer roughly 10 septillion years. IBM has published plans for staged systems — Starling and later Blue Jay — to push toward many logical qubits and extensive error correction over the next several years. Those announcements mean companies are getting closer to solving long-standing engineering problems, but they do not equal an instant ability to undo modern cryptography. Why Bitcoin Isn’t Facing A Panic Right Now Cryptography experts point out that breaking Bitcoin’s elliptic-curve keys needs not just more physical qubits but stable, error-corrected logical qubits and huge run-times. Estimates vary widely, but respected analysis has shown that breaking a 256-bit elliptic curve in a practical time window would require millions or at least many hundreds of thousands of physical qubits once error correction is counted. In short: the path from a lab milestone to a machine that can target Bitcoin addresses at scale still runs through a lot of hard engineering. A 24-word seed phrase? That’s 340 septillion trillion MORE combinations than a 12-word phrase. We’re approaching 10^77 possibilities – nearly as many as atoms in the observable universe (10^80): — GC Cooke (@GCcookeHQ) August 11, 2025 Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst Seed Phrases And Dizzying Numbers Based on reports and public comments from practitioners, wallet math is not the whole story but it matters. Cooke has stressed how large a 24-word seed phrase keyspace is compared with a 12-word phrase, and he used big-picture comparisons — like saying the universe’s age of 14 billion years and “a trillion trillion” restarts — to show how vast those numbers are. Featured image from Getty Images, chart from TradingView
The BETF fund, custodied by BitGo, will give investors in central Asia regulated, physically backed access to bitcoin through the Astana International Exchange.
Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.
ETH open interest soared to a record high as Ether price rallied through $4,500. Is the rally sustainable?
Ethereum (ETH) climbed over 5% on Aug. 12 to a multi-year high above $4,500, marking its highest price since December 2021. The increase coincided with corporate treasury purchases, record inflows into U.S. spot exchange-traded funds (ETFs), and growing expectations that the Federal Reserve will lower interest rates at its September policy meeting. The latest price […]
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Former Binance executive Ryan Horn joins Hilbert Group to advise on Syntetika, an onchain platform for tokenized funds, as global finance races to bring traditional assets to blockchain.
LINK gained 42% over the past week, the most among the top 50 cryptocurrencies by market capitalization.
BitMine, the largest corporate holder of Ethereum, filed an Aug. 12 filing with the US Securities and Exchange Commission (SEC) to expand its stock offering by $20 billion. The filing supplements the company’s earlier at-the-market (ATM) equity program worth $4.5 billion. BitMine’s equity offerings now stand at roughly $24.5 billion, almost 5x its previous total […]
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Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing “a bullish set of tailwinds/rate of change” unmatched in prior cycles. He then laid out ten drivers—spanning spot ETF demand, retirement-account access, stablecoin policy, political signaling, institutional adoption and market structure—that, taken together, form a cohesive case for another leg higher. Biggest Crypto Bull Run In History Deutscher’s starting point is hard flows. He notes that US spot Bitcoin and Ethereum ETFs have amassed “$17B net over the last 60 days (> $11B in July alone).” Whether measured against the asset class’s historical market depth or the post-launch settling period for the new Ether funds, those figures imply that passive, rules-based demand is still expanding rather than plateauing. In his framing, this is “bidding on an unprecedented scale,” the sort of sustained, price-insensitive intake that tends to reset valuation anchors and absorbs episodic selling. The thread then pivots to distribution. Deutscher highlights the recent move to allow 401(k) plans to hold crypto, calling it a “massive new pool of buyers (trillions),” even while acknowledging the implementation lag. He amplifies a scenario analysis from @thepfund (Trader T), who estimates that, under base-case assumptions, the policy shift could translate to “Total estimated demand for crypto: $131–465 billion,” with an “88% allocated to Bitcoin: $115–409 billion … [and] 12% allocated to Ethereum: $16–56 billion.” The same post posits that “IBIT could grow 3.1× to $272 billion” and “ETHA could grow 3.3× to $37 billion,” using BlackRock’s footprint in 401(k) assets as a proxy for potential uptake. The precise pace will hinge on plan-by-plan approvals and compliance plumbing, but the directionality—retirement wrappers as a mainstream bridge—is clear in Deutscher’s thesis. Regulatory clarity for the transactional layer is his third pillar. “The genius act was approved,” he wrote, arguing that the measure provides more certainty around stablecoins and “opens up the floodgates for blockchain/stablecoin adoption.” He pairs that claim with a datapoint on the monetary base of the crypto economy itself: “Stablecoins just hit a fresh ATH (> $280B cap), 22 months up straight.” In other words, not only is policy becoming more permissive for dollar-on-chain infrastructure, but the float of tokenized dollars and near-dollars—an essential conduit for liquidity, market-making and cross-border transfers—has been expanding for almost two years without interruption. For Deutscher, those two facts rhyme: clearer rules plus a growing dollar stack create the conditions for higher throughput and, ultimately, risk appetite downstream. Related Reading: Crypto Watchlist: Why This Week Could Be Massive For Bitcoin Politics, while usually orthogonal to day-to-day price action, appears in his list because the signaling has become unusually overt. “The Trump family is actively shilling ETH/crypto/tokenisation,” he wrote, framing the public posture as a visibility event for the asset class. He amplified a short post from Eric Trump—“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH — you will be run over.”—to argue that high-level endorsements are now part of the narrative gravity well. More Catalysts For Crypto Institutional adoption remains a core motif. Deutscher cites an SEC ownership disclosure flagged by @MacroScope17 indicating that Harvard Management Company reported a new position of 1,906,000 shares of IBIT, BlackRock’s spot Bitcoin ETF, valued at $116.6 million as of June 30. “This is a hugely important ownership disclosure,” MacroScope wrote, and Deutscher agrees on the signal value: a storied university endowment has chosen to use the ETF channel to gain exposure, validating the wrapper and, by extension, the compliance pathway for peers. Inflows data are one thing; a recognizable allocator of record is another. Momentum and market behavior fill out the tactical half of his list. He points to Ethereum reclaiming $4,000—a multi-year level that, in his view, “gives it real momentum to push back toward (and beyond) its 2021 ATH.” He also argues that both majors have shown resilience—“BTC & ETH refuse to break down, even with heavy FUD”—which he reads as evidence of “seller exhaustion” meeting “sticky demand.” Related Reading: Crypto Set For $1.25 Trillion Tsunami As Trump Opens 401(k) Floodgates To underscore that take, he references @alpha_pls (Aylo), who urged traders to zoom out: “ETH/BTC has a lot of room to run and looks good on HTFs. ETH/USD looks good and it is going to break through that $4k level eventually… Ultimately, you can keep it simple: there are more buyers than sellers for the foreseeable future.” Aylo’s post also nods to potential treasury participation on the Ether side—“Tom Lee has told you his company will buy 5% of the ETH supply”—and to co-founder Joseph Lubin’s competitive posture, adding further narrative fuel to a majors-led phase. The rotation question—when and whether “altseason” reappears—features in Deutscher’s ninth and tenth points. “BTC dominance looks extremely weak, for the first time since 2024,” he wrote, framing that deterioration as a historical precursor to capital rotating down the risk curve. But he is specific about sequencing: liquidity, he says, is “more concentrated on majors/CEX, making the BTC/ETH trend cleaner,” which is “important for narrative alignment at this stage in cycle.” In contrast to late 2024, when he argues liquidity was “concentrated in the ‘trenches’—creating a less sustainable setup,” the current structure favors a strong, durable majors trend first, with healthier conditions “for an alt rotation to happen later.” Overall, Deutscher is describing a market where depth and settlement rails have thickened at the top, reducing slippage and volatility while the bid forms, before breadth expands. In his words, “The stage is set,” and if the catalysts he enumerates continue to materialize in tandem, he believes the next “explosive price move” has already begun to load. At press time, the total crypto market cap stood at $3.93 trillion. Featured image created with DALL.E, chart from TradingView.com
Fears of a network takeover have sent the price of Monero crashing down. And the XMR charts don’t look pretty.
After a New York jury found the Tornado Cash co-founder guilty of one of three charges he had been facing, US authorities still have the option of filing for a retrial.
Do Kwon pleaded guilty to federal fraud charges in Manhattan court, with his sentencing set for Dec. 11. As Inner City Press reported on Aug. 12, Kwon admitted he orchestrated a cryptocurrency scheme that prosecutors allege caused over $40 billion in losses when LUNA and TerraUSD tokens collapsed in May 2022. His defense entered guilty […]
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Cardano is gaining bullish momentum as the market builds, signalling the potential for a decisive upside move. Price action is steadily pressing toward a critical resistance zone, with buyers showing renewed strength. A sustained push from current levels could pave the way for the ADA price to test the $1.20 mark, a threshold that may …
The broker has an outperform rating on MARA stock with a $28 price target.
Bitcoin’s famously noted four-year cycle, previously tied to its halving occurrences, could be losing prime market driver status, according to some top experts. For decades, the halving—a built-in reduction of miner compensation every four years—had been preceded by sharp spikes and precipitous drops in price. Related Reading: Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst Now, however, the market is more subject to the influence of institutional money, regulated investment products, and general economic forces. Halving’s Control Fades As Rivals Gain Strength Pierre Rochard, CEO of The Bitcoin Bond Company, noted the halving’s supply shock is much lower now compared to Bitcoin’s early days, where the majority of the coins were still being mined. Back then, cutting rewards had a clear and heavy impact on the market. In April 2024, Bitcoin’s price pattern broke from tradition. It seems more likely than not that the 4 year cycles are over. Halvings are immaterial to trading float, 95% of the BTC have been mined, supply comes from buying out OGs, demand is the sum of spot retail, ETPs getting added to wealth platforms, and treasury companies. — Pierre Rochard (@BitcoinPierre) August 11, 2025 It had already hit a record above $74,000 in March—weeks before the halving—helped by the US approval of spot Bitcoin ETFs and a wave of institutional buying. Others are of the belief the halving still has a role to play, but no longer determines the price of Bitcoin. They talk about the increased importance of liquidity, ETF trades, and sentiment among investors and they point out these now carry the same weight as supply reductions. Halving’s Role Shrinks As Market Hits Record Highs Others feel the event is still relevant to miner economics and the long-term shortage narrative but has lost some of its power in influencing short-term pricing. To them, halving is simply an element of a larger picture involving macroeconomic trends and foreign capital inflows. Figures published by CoinMarketCap indicate that the combined cryptocurrency market capitalization hit a record high of $4.15 trillion, breaking its previous record of $3.80 trillion. Trading has seen increased levels of action, with over $140 billion of cryptocurrency exchanged in the last day. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Some observers are warning against writing off the four-year cycle as dead at this time. Excessive optimism often appears near market peaks, when many traders over-extend themselves and end up taking losses. Others went even further and claimed the cycle was never a law of nature but a consequence of the original design of Bitcoin, controlled by retail investors. In the meantime, the four-year cycle may be complete, according to Rochard, as halvings have little impact with 95% of BTC mined and retail, ETPs, and corporate treasuries leading demand. Featured image from Meta, chart from TradingView
Ethereum (ETH) price has surged faster than most traders thought. The large-cap altcoin, with a fully diluted valuation of about $542 billion, edged over 4.4 percent higher in the past 24 hours to reach a multi-year high of about $4,500 for the first time since December 2021. The notable ETH price bullish breakout on Tuesday …
The $2.4 billion represents roughly 43.5% of the known money Donald Trump has gained from “personal enrichment” during his political career.
Chainlink (LINK) is gaining strong momentum today, fueled by a breakout above key resistance levels and a broader crypto market rally. The price has cleared a long-term descending trendline, opening the path toward higher targets. On-chain reserve accumulation is reducing circulating supply, strengthening the bullish outlook. Institutional developments, such as Chainlink’s partnership with Intercontinental Exchange …
Market expert Orbion has advised market participants to sell all their Ethereum holdings by October. He analyzed ETH’s price action to explain why the altcoin could reach its peak by then. Why Investors Should Sell Ethereum In October In an X post, Orbion said that he is still bullish on ETH right now but that the plan is to fully exit by the end of October. He noted that the Bitcoin price has already recorded a 100% gain from the lows this year, showing strong momentum and institutional demand. Meanwhile, Ethereum has broken and held above $4,200, which sets the stage for a final push higher in the coming weeks. Related Reading: Here’s Why The $4,000 Level Is Important For Ethereum From An Options Point Of View Orbion claimed that the setup looks strong now, but every cycle ends the same way, in a fast and brutal manner when the top comes. The market expert stated that his short-term target for Ethereum is in the $5,800 to $6,000 range, if it sustains this momentum. This would represent a 300% gain from the cycle lows. The market expert expects Bitcoin to start showing signs of topping in late September, with Ethereum following shortly after, possibly in October. He predicts that by the end of October, BTC could be in the $55,000 range and ETH back to $1,400, which is why he is advising investors to take profits by October. Orbion remarked that this is not a bearish but simply how post-peak corrections have played out historically. He indicated that investors should start planning their exits from now because the markets don’t give anyone time to react when momentum dies. The expert noted that altcoins can drop about 20% in a single day as liquidity dries up. As such, market participants could end up selling into panic and not strength if they don’t prepare accordingly. Key Metrics To Watch For ETH’s Market Top Orbion stated that key metrics like NUPL, SOPR, and MVRV have efficiently signaled the tops in past cycles. He explained that NUPL at +0.75 shows extreme unrealized profit levels across holders, which the expert claimed is a major warning sign. Furthermore, the SOPR turning negative shows coins are being sold at a loss after euphoria peaks. Related Reading: Analyst Shares Where Bitcoin, Ethereum, And XRP Prices Will Be By 2032 Meanwhile, the expert explained that the MVRV being deep red means that the market value is far above the cost basis, which is unsustainable for an extended period. For now, Orbion is still bullish on Bitcoin, Ethereum, and the broader crypto market because of the Fed rate cut expected to come in September. He claimed this will be a catalyst for crypto and that liquidity injections will fuel the final leg of the rally, although the expert warned it will be fast, lasting only weeks and not months. Therefore, investors have to start planning their exit before then. At the time of writing, the Ethereum price is trading at around $4,310, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Bitmine Immersion is now aiming to raise up to $24.5 billion from its common stock sales to buy more ETH.
Loky rebrands to Loky AI, expanding from analytics to infrastructure with APIs, trading tools, and $100M+ in agent AUM.
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Ether price action targets all-time highs amid excitement over BitMine's giant accumulation plan, shifting the focus away from rangebound Bitcoin.
Solana is once again in the spotlight. Blockchain data by Arkham Intelligence shows that an Alameda Research staking account has unstaked $35 million worth of SOL. Alameda Research initially locked up the SOL in late 2020. A convicted fraudster, Sam Bankman-Fried, founded Alameda Research, once a prominent quantitative cryptocurrency trading firm and the sister company of the now-defunct FTX exchange. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks The connection instantly raises eyebrows, given the firm’s infamous collapse in late 2022. At the time, both Alameda and FTX were forced into bankruptcy following revelations of fraudulent practices, including the misuse of billions in FTX customer funds. These events marked one of the largest scandals in crypto history, sending shockwaves through the industry and prompting years of legal proceedings and asset recovery efforts. The recent unstaking has fueled speculation among traders and analysts, with some viewing it as a potential signal of forthcoming market activity involving SOL. While the transfer does not necessarily imply an immediate sale, the movement of such a substantial amount could influence short-term price dynamics and sentiment. Alameda Research SOL Unstake Raises Questions According to blockchain analytics platform Arkham Intelligence, the $35 million worth of Solana recently unstaked from an Alameda Research account had an initial value of just $350,000 when it was locked in late 2020 — a remarkable 100x increase. This staggering growth in value underscores Solana’s meteoric rise over the past few years. Arkham raises an important question: Will these funds finally be returned to FTX creditors? While the answer remains uncertain, the move suggests that some activity is underway in the ongoing recovery and redistribution process tied to Alameda’s bankruptcy. From a price action perspective, Solana has been consolidating below the $200 level since February, unable to break through this key resistance despite maintaining strong network activity. The sideways trend has kept SOL relatively quiet compared to other major cryptocurrencies. When compared with Ethereum, the contrast is notable — Ethereum has seen stronger price momentum recently, leading some analysts to call the current market phase “Ethereum season.” However, others argue that Solana’s quiet phase may be setting the stage for a breakout. Historically, large-cap altcoins like SOL often follow in the wake of Ethereum rallies, catching momentum once ETH’s surge begins to cool. Related Reading: Bitcoin Open Interest Flips Negative After July Peak – Risk Appetite Cools Solana Consolidates Below Key Resistance On the weekly chart, Solana (SOL) is trading at $174.64, down 4.39% in the latest session, as it continues a multi-month consolidation phase below the critical $200 resistance level. Since February 2025, SOL has repeatedly tested this psychological barrier without securing a sustained breakout, highlighting strong selling pressure at higher levels. The 50-week simple moving average (SMA) at $172.30 is acting as immediate dynamic support, with the 100-week SMA ($144.06) and 200-week SMA ($101.74) positioned well below, reflecting a still-healthy longer-term uptrend. The current price structure shows SOL holding above both the 50-week and 100-week SMAs, a bullish signal that suggests buyers remain in control despite recent pullbacks. Related Reading: Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps However, trading volumes have not matched the peaks seen during prior rallies, indicating a more cautious market tone. A decisive breakout above $200 would likely open the door to retests of the $250–$260 zone, while failure to clear resistance could extend the consolidation or lead to a retracement toward the 100-week SMA. Featured image from Dall-E, chart from TradingView