A quick summary of the major cryptocurrency news for August 11, 2025:
Today's major developments in the crypto world
Increase in total market value: Cryptocurrency markets have seen a notable rise supported by the surge in altcoins, resulting in a 2.01% increase in the total market capitalization, which has surpassed $3.97 trillion.
Ethereum surpasses $4200: The price of Ethereum has exceeded $4,200, reflecting long-term strength in the cryptocurrency market, especially during the 'altcoin season' which is showing clear momentum.
Warning about Bitcoin: A Danish economist warned that Bitcoin's future could be at risk if the Nasdaq-100 index experiences a sharp correction or bubble in the stock markets.
Base network celebrates its second anniversary: The Base network (Coinbase's second layer on Ethereum) celebrated its second launch anniversary by achieving a record in usage after recording 9.27 million transactions in the last 24 hours.
Strategic investment in Cool Cats: Animoca Brands and its subsidiaries announced a significant investment in the Cool Cats collection, one of the leading groups in the NFT space.
Concerns over AI dominance: Today's report discusses the possibility that artificial intelligence, like Google Gemini AI, could push cryptocurrency adoption forward, but with concerns that this might lead to a concentration of power at the expense of transparency and decentralization principles.
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