CryptosNewss

XRP price slipped over 6% from the $3.35 resistance zone, mirroring declines in Bitcoin and Ethereum. The drop followed a failed breakout above $3.35, leading to a downside correction and a test of the $3.02 support level.
A key bullish trend line with support at $3.28 was broken on the hourly chart of the XRP/USD pair (data from Kraken), pushing the price below $3.25 and $3.15. XRP formed a low at $3.031 and is now attempting a recovery toward the 23.6% Fibonacci retracement level of the drop from $3.35 to $3.031.
Currently, XRP trades below $3.12 and the 100-hourly Simple Moving Average, with immediate resistance near $3.10. The first major resistance stands at $3.15. A decisive break above this level could push the price toward $3.20, followed by $3.25 and possibly $3.2650. The next key hurdle is near $3.30.
Risk of Another Decline
If XRP fails to break $3.15, it risks another drop. Initial support lies at $3.05, followed by the critical $3.02 zone. A close below $3.02 could see XRP testing $3.00 or even $2.88 in the short term.
Technical Indicators
Hourly MACD: Losing strength in the bullish zone.Hourly RSI: Below the 50 level, signaling weak momentum.Major Support Levels: $3.050, $3.020Major Resistance Levels: $3.150, $3.20
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#XRP $XRP

Bitcoin’s price movement is drawing comparisons to its 2021 peak, with one prominent crypto trader warning that the current chart pattern looks almost identical to when the cryptocurrency hit its all-time high of $69,000 in November 2021.
The debate began when crypto trader Nebraskangooner posted on X, highlighting what appears to be a double top formation — a pattern often considered bearish and a potential sign of a trend reversal. “Has anyone else noticed that the topping price action in 2021 looks the same as current price action?” he asked.
Crypto analyst Benjamin Cowen agreed, noting that Bitcoin tends to follow a similar rhythm in post-halving years: rallying in July and August, dipping in September, and surging into a potential market cycle top in Q4 before entering a bear market.
Charts vs. Fundamentals
However, not everyone is convinced that historical price patterns can dictate Bitcoin’s next move. Trader Kale Abe dismissed the idea, stating, “Charts and fractals don’t matter. The only thing that matters is whether treasury companies are out of ammo or not.”
Data from BitcoinTreasuries.net shows publicly traded Bitcoin treasury companies collectively hold around $150.98 billion worth of BTC. Abe believes this buying pressure changes the market dynamic entirely, making a repeat of the 2021 downturn unlikely, especially with Ethereum trading close to its all-time highs.
Ether has surged 19% in the past week, currently priced at $4,612, just 5.75% below its November 2021 record of $4,878. Abe argues that Bitcoin entering a bear market while Ethereum approaches its peak is “impossible.”
Skepticism from Veteran Traders
Veteran trader Peter Brandt also cautioned against over-reliance on charts, telling Cointelegraph Magazine:
“Anyone that looks at the charts and tries to tell you where anything is going is actually just kind of fooling themselves.”
According to Brandt, charts are best used to understand where the price has been and its current level — not to predict the future.
With opinions split between technical analysts and those focusing on institutional demand, the market awaits the next decisive move in Bitcoin’s price action.
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#BTCBreaksATH #Bticoin $BTC

BlackRock’s iShares Bitcoin Trust (IBIT) has reached a record $91.06 billion in assets under management (AuM), cementing its dominance in the U.S. spot Bitcoin ETF market despite a sharp downturn in Bitcoin’s price.According to the latest market data, IBIT’s total net inflows climbed to $58.04 billion as of August 13, highlighting sustained investor interest. On the same day, the fund closed at $69.84 per share, trading 0.57% above its net asset value, reflecting robust demand in the ETF market.
Since launching in January 2024, IBIT has experienced explosive growth, attracting both institutional and retail investors. In its first month, it broke records for any new U.S. ETF launch, surpassing $5 billion in net inflows. By mid-July 2025, it had already exceeded $80 billion in cumulative inflows before surging to its current $91.06 billion milestone.
IBIT now holds 3.72% of the total Bitcoin supply — roughly 54.82 million shares valued at $3.79 billion. Its scale dwarfs competitors like Fidelity’s FBTC with $24.77 billion AuM and Grayscale’s GBTC with $22.18 billion AuM, the latter still battling $23.72 billion in cumulative outflows since converting to an ETF. Other players, such as Ark Invest’s ARKB and Bitwise’s BITB, remain smaller with $5.58 billion and $5.02 billion in assets respectively.
Bitcoin Price Drop Sparks $1B in Liquidations
The ETF’s record comes amid a turbulent week for Bitcoin. BTC hit a record $124,000 earlier this week on optimism that the U.S. Federal Reserve would cut interest rates by 25 basis points. However, hotter-than-expected U.S. Producer Price Index (PPI) data dampened those hopes, triggering a rapid sell-off.
Within minutes, Bitcoin plunged below $118,000, prompting over $1 billion in total crypto liquidations, including $930 million in leveraged Bitcoin positions. Automatic liquidation mechanisms across major exchanges quickly closed positions to limit losses.
Despite the price shock, IBIT’s investor base remained resilient, with many viewing the dip as a buying opportunity. Analysts note that IBIT’s long-term holders appear less influenced by short-term market swings compared to other ETF investors.
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#BTCBreaksATH #BlackRockIBIT $BTC

Ethereum (ETH) has regained bullish momentum after a brief downside correction, sparking speculation of another rally that could push the second-largest cryptocurrency toward the $5,000 mark.
According to market data via Kraken, ETH climbed from the $4,480 support level after retracing from its recent high of $4,782. The pullback had earlier brought the price below the 23.6% Fibonacci retracement level of the upward move from the $4,170 swing low to the $4,782 high.
Buyers stepped in aggressively at the $4,480 zone — a key confluence with the 50% Fibonacci retracement — helping ETH recover above $4,550 and maintain strength above its 100-hour Simple Moving Average (SMA).
On the hourly chart, a bullish trend line is forming with support at $4,500, signaling strong buyer interest. Immediate resistance now sits near $4,640, followed by $4,680. The critical breakout level remains at $4,720; a decisive move above could send ETH toward $4,780, and potentially $4,880 or even the psychological $5,000 zone.
However, analysts caution that failure to clear $4,700 could trigger another correction. Initial support lies at $4,550, followed by a stronger base at $4,500. A break below this could expose ETH to deeper losses toward $4,400, $4,315, and possibly $4,250.
Technical indicators show mixed signals: the hourly MACD for ETH/USD is losing momentum in the bullish zone, while the RSI remains above 50, suggesting the uptrend is still intact.
With Ethereum now back above $4,550 and bulls defending key levels, traders are watching closely to see if the next move will be the long-anticipated push toward $5K.
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#EthereumETFs #ETHRally #Ethereum $ETH

Google has sought to alleviate concerns among cryptocurrency users by confirming that its new Play Store policy changes will not impact non-custodial digital wallets.
The tech giant announced that, starting October 29, 2025, custodial wallet apps—typically provided by crypto exchanges—will be required to hold jurisdiction-specific licenses before distribution in certain markets. This includes MiCA authorization in the EU, FCA registration in the U.K., and FinCEN registration in the U.S., along with transitional arrangements in France and Germany.
The update, revealed in a company blog post, initially sparked concerns across Crypto Twitter, with many fearing the guidelines could apply to self-custodial wallet applications on Android devices. Such wallets enable users to store their private keys and are typically not registered with regulators.
In response, Google referred to its Help Center, stating, “Non-custodial wallets are out of scope of the Cryptocurrency Exchanges and Software Wallets policy.”
Industry experts also weighed in. Jacob Wittman, general counsel at the Plasma Foundation, dismissed the fears as overblown, describing the so-called ban as a “giant nothing-burger” in a post on X.
“The Google Play wallet 'ban' is a giant nothing-burger in many ways,” Wittman said. “Still, it shows that tech giants control distribution and we are at their whim.”
The Android operating system currently powers over 70% of mobile devices worldwide, according to a 2025 report from Poland-based software firm Neontri. This gives Google significant influence over the availability of cryptocurrency apps.
While custodial wallet providers must now navigate new licensing rules, self-custodial wallet developers can continue operations without disruption—at least for now.
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#BTCBreaksATH #Google $BTC

Ethereum’s (ETH) sharp rally past $4,000 has sparked renewed market interest, with BitMine Immersion Technologies filing with the U.S. Securities and Exchange Commission (SEC) to expand its at-the-market (ATM) equity offering to $20 billion. That increase brings the Delaware-based miner’s total approved stock-sale capacity to $24.5 billion.

BitMine’s expanded ATM filing aims to support further ETH accumulation. (Image: CryptosNewss)
Offer details and market reaction
The move, a large step up from BitMine’s initial $2 billion offering announced on July 9, outlines common stock issuance at $0.0001 per share. Cantor Fitzgerald is listed as the sole sales agent, and the company said it will pay up to a 3% commission on gross proceeds.
Following the filing, BMNR stock climbed roughly 4% in pre-market trading and closed at $58.98 on Aug. 11. Shares were up further in subsequent trading, according to Google Finance.
Ethereum accumulation remains a core focus
BitMine said it will keep flexibility to use proceeds for debt repayment, share buybacks or infrastructure — but Ethereum accumulation is explicitly flagged as a target. Between July 9 and July 25 the company disclosed purchases totaling 566,776 ETH, worth about $2.03 billion.
The firm has not specified what percentage of the expanded ATM proceeds will be earmarked for ETH, and it left open the option to buy Bitcoin or fund mining upgrades as market conditions dictate.
ETH market context and institutional flows
At the time of reporting, Ethereum was trading near $4,679.14, up roughly 9.6% over 24 hours per CoinMarketCap. ETH has surged nearly 50% in the last month and is more than 70% higher year-to-date, approaching its November 2021 peak.
Institutional interest appears to be rising in parallel. Binance Research reported corporate Ethereum holdings climbed about 128%, bringing total reserves among firms to more than 2.7 million ETH (roughly $11.6 billion) as 24 new corporate holders entered the list.
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#ETHTreasuryStrategy $ETH

Bitcoin has reached a new all-time high (ATH), touching $123,973 before entering a consolidation phase.
The flagship cryptocurrency continues to trade above the $122,000 level and the100-hourly Simple Moving Average, with bullish momentum still intact.
Fresh Breakout Above $122K
BTC formed a solid base above $118,500 before rallying past the $120,000 and$120,500 resistance levels. Momentum intensified as the price pushed through $122,000,setting a fresh ATH at $123,973.
The current price action shows Bitcoin holding gains above the 23.6% Fibonacci retracement level of the movefrom $118,971 to $123,973. A bullish trend line has emerged with key supportnear $120,200 on the hourly BTC/USD chart.
Resistance Levels to Watch
Immediate resistance is at $124,000, followed by $124,500. A decisive break above$125,000 could open the path toward $126,250, with $128,000 as the main target.
Should bulls maintain control, the next upside zone beyond $128K could be tested, fueled by high trading activityand strong technical alignment.
Limited Downside Risks?
If Bitcoin fails to clear the $124,000 resistance, a short-term pullback is possible. Initial support lies near$122,750, followed by $121,500 — the 50% Fib retracement level of the recent rally.
Further declines may retest $120,200, with major support at $118,500. A break below$117,500 could trigger deeper losses.
Technical Indicators
Hourly MACD: Gaining strength in the bullish zone.Hourly RSI: Above the 50 mark, signaling buying momentum.Major Support Levels: $122,750, $120,200, $118,500Major Resistance Levels: $124,000, $125,000, $126,250, $128,000
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#BTCBreaksATH #BTCReclaims120K $BTC

Bitcoin’s recent surge saw the flagship cryptocurrency retest the $122,000 mark before pulling back. At the time of writing, BTC trades near $119,053, marking a short-term correction after hitting multi-month highs earlier this week.
Market participants are now weighing whether this move signals waning bullish momentum or simply a healthy pause in the ongoing rally. Analysts are closely monitoring exchange volume concentration, with Binance’s market share emerging as a key metric.
Binance Dominance Raises Questions
According to CryptoQuant analyst BorisVest, Binance’s share of global trading volume offers critical insight into Bitcoin’s ability to hold new highs. Historical data show that in 2024, the first year, an all-time high (ATH), overall crypto market volumes surged, and Binance’s trading activity more than doubled that of all other exchanges combined.
When BTC retested ATH levels later in 2024, trading volume increased across multiple platforms, but Binance still led in total market share.
However, during Bitcoin’s mid-2025 record high, total market volume failed to show the same broad expansion. While Binance maintained nearly twice the volume of other exchanges combined, the lack of wider participation sparked concerns about the rally’s depth.
BorisVest noted that historically, ATHs backed by broad market volume growth indicate stronger conviction, while dominance from a single exchange may limit long-term momentum.
On-Chain Metrics Suggest Gradual Rally
In a separate analysis, CryptoQuant analyst Avocado onchain reviewed Binary Coin Days Destroyed (CDD) — a metric that tracks the movement of long-dormant coins. After a brief uptick, Binary CDD has turned lower while Bitcoin trades in a sideways pattern.
Historically, rising Binary CDD often signals increased selling by long-term holders, leading to corrections. However, Avocado onchain cautions that recent market changes — including shifts in custody solutions, OTC trading, and institutional participation — make direct comparisons more complex.
In current conditions, the analyst sees signs of a “stair-step” rally, where prices climb gradually with periodic cooling in speculative activity. This slower pace could help sustain buying power over the longer term and avoid sharp reversals.
Other on-chain indicators show that long-term holder selling remains muted, suggesting minimal pressure to liquidate positions at current prices. This supports the view that while near-term trading may be range-bound, the broader market trend still has upside potential — provided participation broadens and investor demand holds.
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#Bitcoin $BTC

The co-founders of defunct crypto mining company HashFlare, Sergei Potapenko and Ivan Turõgin, have avoided additional prison time after pleading guilty to their roles in a $577 million Ponzi scheme.
Seattle Federal Court Judge Robert Lasnik sentenced both men to time served — the 16 months they had already spent in custody — along with $25,000 fines each, 360 hours of community service, and supervised release to be served in their native Estonia.
The Department of Justice (DOJ) confirmed on Tuesday that it is considering an appeal, following prosecutors' request for 10-year prison terms for the defendants. The sentencing follows the pair’s February plea deal in which they forfeited over $400 million in assets.
Largest Fraud Case in Seattle Court History
Federal prosecutors described the case as the largest fraud ever tried in the district, alleging that from 2015 to 2019, HashFlare generated over $577 million in sales by faking mining capacity and investor returns.
The scheme operated as a classic Ponzi, according to Acting U.S. Attorney Teal Luthy Miller. “They diverted millions to their benefit, purchasing Bitcoin, real estate, luxury cars, expensive jewelry, and taking more than a dozen private jet trips,” Miller said.
Prosecutors argued that 440,000 customers were affected, but Judge Lasnik noted that 390,000 of them — who spent $487 million on mining contracts — had withdrawn a total of $2.3 billion over time, mitigating claimed losses.
Arrest, Extradition, and Plea
Potapenko and Turõgin were arrested in Estonia in November 2022, held for 16 months, and extradited to the U.S. in May 2024. They pleaded guilty to conspiracy to commit wire fraud, admitting to using new customer funds to pay earlier investors while siphoning millions for personal use.
In April, their lawyers revealed a letter from the Department of Homeland Security ordering them to “deport immediately,” despite a court order requiring them to remain in the U.S. until sentencing — confusing their status. Both men had repeatedly expressed a desire to return home.
DOJ May Appeal
The DOJ has yet to announce whether it will formally challenge the sentence. Prosecutors maintain that the scale and deliberate nature of the fraud warranted a much harsher penalty.
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#HashFlare $BTC

FTX customers have moved to amend their class-action lawsuit against law firm Fenwick & West, alleging it played a central role in enabling and concealing one of the largest frauds in U.S. history. The filing relies on new evidence drawn from Sam Bankman-Fried’s criminal trial and findings from the ongoing FTX bankruptcy proceedings.
According to the amended complaint, testimony from former FTX executives — including co-founder Zixiao “Gary” Wang, ex-Alameda CEO Caroline Ellison, and former engineering director Nishad Singh — asserts that Fenwick allegedly advised on methods used to hide misuse of customer funds, structure improper loans, and make false representations. The filing says Singh testified that he explicitly informed Fenwick of such misconduct.
Bankruptcy Examiner: Fenwick Was “Deeply Intertwined” with FTX
Plaintiffs say a court-appointed bankruptcy examiner reviewed more than 200,000 internal documents tied to Fenwick and concluded the law firm was “deeply intertwined” in FTX Group operations. The complaint claims Fenwick maintained close relationships with FTX executives and facilitated conflicted intercompany transactions that ultimately misused customer assets.
The amended pleading also alleges Fenwick helped create shell companies to obscure asset flows, assisted in implementing auto-deleting Signal messages used by executives, and adopted other concealment practices later cited by regulators as part of obstruction concerns.
New Securities Claims Added in Florida and California
The update adds two state securities law claims, accusing Fenwick of designing, promoting and facilitating the sale of unregistered securities tied to FTX products — including the FTX Token (FTT), yield-bearing accounts and other FTX instruments. Plaintiffs argue the firm played an active role in marketing and structuring those offerings.
Fenwick previously denied wrongdoing and moved to dismiss an earlier complaint in 2023, arguing that a law firm cannot be held liable for a client’s misconduct when acting within the scope of representation. A separate, earlier suit against Sullivan & Cromwell was dropped for lack of evidence.
Why the Amendment Matters
If the claims withstand dismissal and are proven, the case could establish a significant precedent about the liability of professional service providers — including law firms — for enabling large-scale financial fraud. Plaintiffs say the new evidence produced in SBF’s criminal trial and bankruptcy discovery justifies the expanded allegations.
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#FTX $FTT

Cardano [ADA] saw renewed bullish momentum after surging 2.82% in the past 24 hours, as whales and spot investors poured millions into the altcoin. However, derivatives market data shows a potential divergence that could impact ADA’s short-term rally.
Whales and Spot Buyers Drive ADA Gains
On 9–10 August, Santiment data revealed that large Cardano addresses — holding between 100 million and 1 billion ADA — purchased 200 million ADA, valued at approximately $166 million.
Spot market activity mirrored this trend, with CoinGlass reporting $11 million in ADA net inflows over the same period. Additional buying of $3.61 million further reinforced market optimism.
Perpetual Traders Show Mixed Signals
Despite spot and whale accumulation, perpetual traders appear cautious. In the last 24 hours, the Long-to-Short ratio dipped below 1, suggesting higher selling volume compared to buying.
Trading volumes dropped 21.49% to $2.14 billion — a $459 million decline — signaling reduced activity. Still, the Open Interest Weighted Funding Rate remains positive at 0.0108%, indicating most derivative positions are still long.
Key Resistance Levels Before $1
For ADA to reclaim $1, it must break through three key resistance levels — $0.83, $0.88, and $0.93.
The nearest hurdle, $0.83, has previously triggered a 20% correction upon testing. If ADA fails to break this level, a notable retracement could follow. Conversely, a decisive breakout could fuel a sharp rally towards $1.
Market Outlook
With whale accumulation strong but perpetual trader enthusiasm waning, ADA’s short-term trajectory hinges on whether it can overcome the $0.83 resistance in the coming sessions.
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#Cardano #ADA $ADA

Trump Media & Technology Group (TMTG) is accelerating its push into the cryptocurrency investment space, revealing plans to launch a Bitcoin Exchange-Traded Fund (ETF) by the end of 2025.
The company filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), naming Yorkville America Digital, LLC as the ETF’s sponsor. According to the filing, the Bitcoin ETF is intended for listing on NYSE Arca, one of the leading exchanges for ETF trading in the U.S.
Regulatory Path Ahead
While the plan marks a significant step forward, the launch remains subject to SEC approval. The ETF must receive an effective registration and secure clearance for its 19b-4 form, a requirement for exchange rule changes that allow ETF trading.
Key details such as the ETF’s management fee and trading symbol have not yet been disclosed.
Bloomberg Senior ETF Analyst Eric Balchunas noted that market participants are watching closely, as SEC approval could impact Bitcoin demand and investor sentiment.
“The sponsor is Yorkville America Digital, LLC; fee and trading symbol are not yet disclosed in the amended S-1,” Balchunas told Bloomberg News.
Bitcoin Market Context
As of Aug. 12, 2025, Bitcoin was trading at $119,200.16, according to CoinMarketCap. The cryptocurrency’s market capitalization stood at approximately $2.37 trillion, with a dominance of 59.68% over the broader crypto market.
The 24-hour trading volume reached $83.35 billion, marking a 12.45% increase. Over the past seven days, Bitcoin has climbed 3.98%, reflecting a continued recovery trend.
Potential Market Impact
If approved, Trump Media’s Bitcoin ETF could offer traditional investors an easier route to gain exposure to Bitcoin without directly holding the cryptocurrency, potentially boosting liquidity and adoption.
Given the political visibility of the Trump Media brand and the ongoing mainstreaming of Bitcoin, market analysts say the ETF could have a significant influence on U.S. Bitcoin trading volumes.
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#USFedBTCReserve #TrumpMedia $BTC

MARA Holdings Inc. is making its biggest strategic leap beyond cryptocurrency mining with a planned $168 million acquisition of a majority stake in EDF’s Exaion, a high-performance computing and AI infrastructure provider.
According to a filing with the U.S. Securities and Exchange Commission (SEC), MARA’s French subsidiary, MARA France SAS, will purchase 64% of Exaion through a combination of newly issued and existing shares. The deal, which still requires approval from regulators in France and Canada, is expected to close in late 2025 or early 2026.
Deal Structure and Phased Investment
MARA will acquire 4.1 million newly issued shares in Exaion for €115 million, and 1.2 million existing shares from EDF Pulse Holding and minority shareholders for €33 million. Of this, €23 million will be paid at closing and €10 million in 2027, contingent on Exaion meeting agreed performance targets.
In a second phase planned for March 2027, MARA intends to raise its stake to approximately 75% by acquiring 3.9 million additional shares for around €110 million. This phased approach keeps EDF as a minority partner while granting MARA controlling influence over Exaion’s operations.
AI Expansion Beyond Bitcoin Mining
Exaion specializes in high-performance computing, cloud platforms, and advanced data center services that power resource-intensive digital workloads, including AI applications, big data analytics, and digital sovereignty solutions.
By entering the AI infrastructure sector, MARA aims to diversify away from the volatility of cryptocurrency revenues while leveraging its expertise in managing large-scale, energy-intensive computing operations.
Unlike AI competitors such as Core Scientific and Hut 8, which focus heavily on hyperscale cloud providers, MARA plans to work directly with enterprise clients, offering customized AI inference solutions rather than resource-heavy AI training services.
Financial Impact and Strategic Positioning
The acquisition announcement boosted MARA’s market capitalization to $5.8 billion, with its shares climbing 1.8% to $15.67 during the New York trading session.
Alongside its AI push, MARA continues its aggressive Bitcoin treasury strategy—raising $950 million through equity and debt to buy and hold Bitcoin, without selling any mined coins.
With AI demand surging and Bitcoin mining remaining volatile, MARA’s dual-focus strategy positions it for long-term growth in two high-value technology sectors.
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#MARA #BitcoinForecast $BTC

Ethereum (ETH) has surged above $4,300 while Bitcoin’s market dominance continues to slip, sparking widespread speculation about a possible “flippening” — where ETH overtakes BTC in market value.
According to CoinMarketCap, Ethereum has rallied around 24% in recent days, breaking above the $4,200 resistance level. Analysts attribute this momentum to ETH’s breakout from a long-standing Wyckoff Accumulation pattern, which often signals the start of powerful upward trends.
Analysts set lofty targets
Crypto analyst Lord Hawkins called the move a “Sign of Strength,” predicting a brief pullback before entering a “markup phase” that could push ETH toward $6,000. Market experts Crypto Rover and Titan of Crypto see a breakout from a multi-year symmetrical triangle pattern, targeting $8,000 based on historical performance.
Analyst Nilesh Verma believes the rally could be even more explosive, with ETH potentially reaching $10,000–$20,000 within 6–8 months. Verma cites previous cycle dynamics from 2017 and 2020 when Ethereum delivered outsized gains after similar structural breakouts.
Altcoin season and institutional flows
Ethereum’s rising dominance coincides with growing institutional interest. Analyst Ali declared “…altcoin season is officially here” after ETH’s net capital inflows surpassed BTC’s for the first time this cycle. Some corporate treasuries and strategic buyers are reportedly increasing ETH allocations, pushing the narrative that ETH could challenge BTC’s market position.
Famed trader Lark Davis also pointed to visible institutional buying patterns and the emergence of an “ETH over BTC” narrative as key market drivers behind the current momentum.
Caution from skeptics
Not all observers are convinced the move reflects sustainable demand. Samson Mow, CEO of JAN3, warned that the rally may partly reflect strategic accumulation by early insiders and large holders who could rotate profits back into Bitcoin at higher levels.
With Bitcoin dominance falling amid strong Ethereum gains, the coming weeks will be critical in determining whether this is a sustained market rotation or a temporary bullish phase driven by concentrated flows.
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#BTCReclaims120K #ETH4500Next? $BTC $ETH

The LayerZero Foundation has announced a $110 million proposal to acquire the Stargate cross-chain bridge and its native STG tokens, marking one of the largest DeFi acquisitions of the year. The plan would integrate Stargate into LayerZero’s ecosystem, dissolve Stargate’s DAO and transition governance to LayerZero’s ZRO token.
What the proposal says
Under the terms, STG tokens would be decommissioned and exchanged at a swap rate of 1 STG = 0.08634 ZRO (about $0.1675 per STG). STG holders would be given the option to swap their balances for LayerZero’s native ZRO token. If the acquisition is approved and executed, Stargate would cease to operate as an independent protocol and instead function under LayerZero’s unified governance and development structure.
“We want to move faster. We aim to create a single structure that can integrate with the LayerZero ecosystem while helping Stargate implement its ambitious roadmap,” the LayerZero Foundation said in its proposal announcement.
Market response and community reactions
The announcement triggered a swift market reaction. STG rallied roughly 12% to $0.188, while 24-hour trading volume spiked to about $45.67 million — a jump of approximately 708.92%, per CoinMarketCap. Over the prior seven days STG recorded a gain of 16.06%, though it remains down around 20.32% over the last 90 days.
The proposal is currently under a 7-day review on the Stargate DAO forum. Some DAO members welcomed the chance to accelerate development and broaden Stargate’s reach, while others raised questions over the fairness of the swap ratio and the implications of dissolving Stargate’s governance structure.
Impact on cross-chain DeFi
Stargate has been a core bridge used to move assets across multiple blockchains. LayerZero’s proposed acquisition could reshape cross-chain interoperability by consolidating a major bridging protocol under LayerZero’s umbrella, boosting ZRO’s utility and broadening its holder base.
Analysts say the deal could set a precedent for further consolidation in DeFi: projects may pursue mergers or integrations to achieve faster roadmaps, stronger security postures and unified governance that can more quickly respond to market and technical needs.
Where things stand
Proposal value: $110 millionProposed swap: 1 STG → 0.08634 ZRO (~$0.1675 per STG)Review status: 7-day Stargate DAO reviewMarket reaction: STG +12% to $0.188; $45.67M 24h volume
At the time of publication, STG was trading around $0.18. Market participants are watching closely for the DAO vote outcome and any follow-up governance updates from LayerZero. The result will likely influence liquidity, tokenomics and the strategic direction of cross-chain tooling across the DeFi ecosystem.
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$BTC

Dogecoin [DOGE], the leading meme-based cryptocurrency, has entered a historically significant buy zone around the $0.21 mark. According to analysis by renowned crypto expert Ali Martinez (@ali_charts), DOGE is now trading within a long-standing ascending parallel channel that has previously signaled the start of major rallies.
230 million Dogecoin $DOGE bought by whales in 24 hours! pic.twitter.com/dYiCadxLtz— Ali (@ali_charts) August 8, 2025
Currently priced just above $0.20, Dogecoin sits at the lower boundary of this trend channel. This level has historically acted as a springboard during key market cycles, including the explosive rallies of 2017 and 2021. Martinez’s technical breakdown highlights the zone as a “bounce-up” area that has aligned with bullish reversals in past price patterns.
“Dogecoin is now sitting at a level where rallies have historically begun,” Ali noted on social media.
Resistance and Risk-to-Reward Setup
Market observers are closely watching the resistance zone between $0.34 and $0.45. This has been the area where Dogecoin’s past rallies lost momentum, particularly during earlier bull runs. Still, the current positioning presents what many analysts view as a favorable risk-to-reward scenario for long-term investors.
DOGE’s current market structure, alongside increased volatility, suggests that if the $0.20 support holds, a fresh breakout could be on the horizon.
“Dogecoin continues to hold the $0.20 range strongly, which is a positive sign,” one market observer noted.
Is Another Breakout Brewing?
While technical indicators show optimism, traders are advised to remain cautious. Past performance is not a guaranteed predictor of future price action, and sentiment around meme coins can shift rapidly. However, the convergence of technical factors and historical chart patterns adds credibility to the bullish outlook.
Should DOGE break through the $0.34–$0.45 resistance band in the coming weeks, analysts say it could signal the start of a renewed upward trajectory.
At press time, Dogecoin was trading at $0.213, showing modest daily movement but heightened trading volume, as noted by CoinMarketCap.
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#Dogecoin #Memecoins🤑🤑 $DOGE

Institutional activity around Ethereum (ETH) is gaining momentum, potentially setting the stage for massive gains. According to Fundstrat’s Tom Lee, the upside potential for ETH might be even greater than Bitcoin’s.
Speaking on the “Bankless” podcast, Lee—known for his long-standing support of Bitcoin—stated:
“Could ETH do 100x? I mean, Joe Lubin sort of has this kind of upside in his mind.”
Lee pointed to Ethereum’s broader utility as a foundation for decentralized applications, smart contracts, tokenization, and even artificial intelligence infrastructure in the U.S.
While Bitcoin remains a store of value or “digital gold,” Ethereum could serve as a transformative infrastructure layer for the future of finance and technology.
Ethereum vs Bitcoin?
Lee highlighted that ETH once traded at a 0.05 BTC ratio, and he believes it could regain that momentum. He’s confident Ethereum is undervalued, placing its true value closer to $6,000 per coin.
In a separate interview on the Coin Stories podcast with Natalie Brunell, Lee emphasized that his bullish stance on ETH doesn’t mean he’s bearish on BTC. Instead, he views them as complementary assets with different purposes.
Institutional Tailwinds and Future Outlook
Lee believes Wall Street is beginning to take tokenization seriously, with Ethereum positioned as the leading network for this shift. This, according to him, marks Ethereum’s “2017 moment.”
At press time, ETH was trading at $3,764.29, up 3.58% in the last 24 hours. Technical indicators such as RSI and MACD supported a bullish trend, although analysts warn of potential short-term corrections.
Whether Ethereum will outperform Bitcoin in the long term remains to be seen, but Tom Lee’s confidence has certainly reignited the discussion around ETH’s future value.
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#Ethereum $ETH #Ethereumnews

FLOKI, a prominent meme coin, has officially crossed the $1 billion market capitalization threshold after surging nearly 10% following its debut on the Robinhood trading platform. This listing marks a major step forward for the cryptocurrency, now ranked as the eighth-largest meme coin and 74th overall among digital assets globally.The announcement of FLOKI’s listing was confirmed through Robinhood’s official website and a post on X (formerly Twitter), sparking immediate interest from retail investors and the broader crypto community.
Increased Exposure to 25 Million Robinhood Users
The Floki Inu team labeled the event a “major milestone,” emphasizing the significance of being exposed to Robinhood’s 25 million+ users. With Robinhood being a popular gateway for new crypto investors in the U.S., this listing significantly widens FLOKI’s accessibility and visibility.
The team believes this enhanced exposure could catalyze widespread adoption, especially among casual and first-time investors who may not engage with traditional cryptocurrency exchanges.
Analysts See Bullish Momentum Building
Crypto analyst Jelle commented on the technical outlook, noting there’s “a lot of untapped liquidity” above current levels. This could potentially set up a short squeeze, propelling prices higher in the short term.
Fellow analyst Javon Marks went a step further, predicting a possible 130% rally, with a price target of $0.00027 in sight, should bullish momentum continue.
Beyond the near-term optimism, some experts are pointing to the Robinhood listing as a signal of long-term growth potential for FLOKI. High-profile listings tend to improve liquidity, increase trading volume, and draw institutional attention — all critical factors for sustained performance in a volatile crypto market.
Meme Coin Momentum Builds
The timing of FLOKI’s Robinhood debut could not be better. The meme coin sector has been witnessing a renewed surge in interest in recent weeks, with tokens like Dogecoin, Shiba Inu, and PEPE all showing strong rebounds. FLOKI’s addition to Robinhood positions it to potentially capture a larger share of this speculative capital inflow.
As of now, FLOKI’s market capitalization stands at approximately $1.09 billion, cementing its place among the top 10 meme coins and pushing it closer to more established names in the space.
The listing underscores the growing maturity and recognition of meme coins within mainstream trading environments and signals a broader acceptance of speculative assets in retail finance.
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#Floki🔥🔥 #memecoin🚀🚀🚀 $FLOKI

Ripple has announced the acquisition of Rail, a stablecoin-focused global payment infrastructure platform, for a total of $200 million. The acquisition, confirmed on August 7, 2025, aims to enhance Ripple’s blockchain-based payment systems, with a focus on boosting XRP and RLUSD liquidity across global markets.
Ripple Strengthens Stablecoin Vision with Rail Acquisition
Led by CEO Brad Garlinghouse and President Monica Long, Ripple continues to solidify its position as a leader in digital asset infrastructure. The acquisition of Rail, under the leadership of CEO Bhanu Kohli, adds significant depth to Ripple’s payment capabilities. Rail currently serves multiple fintech firms and digital banks, and partners with over 12 financial institutions globally.
“Stablecoins are quickly becoming a cornerstone of modern finance,” said Monica Long. “With Rail, we are uniquely positioned to drive the next phase of innovation and adoption of stablecoins and blockchain in global payments.”
Technology Integration and Market Response
Rail’s suite of payment technologies, including automated back-office functions and virtual accounts, will be integrated into Ripple’s network to enable faster and more reliable stablecoin payouts. The acquisition supports Ripple’s ambition to streamline cross-border payments while improving regulatory compliance and client onboarding.
Market analysts see this move as a major step toward Ripple's broader goal of becoming the go-to infrastructure provider for digital finance. Stakeholders have responded positively, citing the expansion of services and a forward-thinking regulatory approach.
XRP Price Surges Amid Strategic Acquisition
According to CoinMarketCap, XRP is currently trading at $3.28, with a market capitalization of approximately $194.36 billion, representing 5.02% of the total crypto market. Over the last 30 days, XRP has surged by 41.91%, driven in part by investor optimism following the announcement of the Rail acquisition.
This deal marks another milestone in Ripple’s roadmap, positioning the firm to lead in the evolution of global blockchain-based payments.
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#XRP #Ripple $XRP

XRP, the cryptocurrency often associated with Ripple, may face short-term market pressure as large holders, or “whales,” move significant amounts of tokens to exchanges. According to Julio Moreno, Head of Research at CryptoQuant, these movements often indicate potential price inflections.
“Sudden and increasing whale flows into exchanges may indicate an inflection for prices as large holders may start selling on the exchange,” Moreno said in a statement to CryptosNewss.
Data from CryptoQuant shows that the 30-day moving average of XRP whale inflows to exchanges has climbed to 260 million tokens, up from 141 million at the start of July. This significant uptick in activity was initially highlighted by pseudonymous analyst The Enigma Trader.
Whale behavior has historically influenced XRP’s market performance. Last month, the token price surged to $3.65—a seven-year high—before dropping to $3, coinciding with 660 million XRP moved by whales to exchanges on July 18.
Despite the bearish implications of these inflows, Moreno also noted that the trend can signal bullish potential. For example, last year XRP’s price rose during President Donald Trump’s reelection, a period marked by declining exchange reserves, especially on Upbit, one of the largest XRP trading platforms.
Meanwhile, co-founder Chris Larsen reportedly moved 50 million XRP to exchanges before XRP’s recent price peak. Blockchain investigator ZachXBT estimated that over $140 million worth of Larsen’s XRP made it onto trading platforms.
This shift in whale behavior isn't limited to XRP. Other digital assets, including Bitcoin, are seeing similar patterns. Last month, Galaxy Digital announced it executed a $9 billion Bitcoin sale on behalf of a Satoshi-era investor, highlighting renewed whale activity across the board.
As the crypto market remains highly sensitive to whale activity, traders and investors will be watching XRP’s on-chain metrics closely in the coming weeks.
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#xrp $XRP