Despite facing much criticism over the past few months, Ethereum (ETH) has rebounded to a high point for 2025; will a new ETH price ATH emerge? The price of Ethereum (ETH) has surged recently, increasing by 50% in just 30 days, catching shorts off guard. Liquidity seems to be pouring into this second-largest cryptocurrency as it has outperformed its main competitors across almost all timeframes. $500 million in shorts wiped out: A brutal week for Ethereum (ETH) shorts In the past seven days, Ethereum (ETH) shorts have lost nearly $500 million due to short covering. CoinGlass data shows that the last three trading days were particularly brutal. With Ethereum (ETH) breaking the $4,000 mark for the first time since 2025, this trend is only expected to intensify.
Major Investors Drive Significant 24-Hour Rise in Dogecoin
In the past 24 hours, Dogecoin's trading volume and price movements have experienced significant changes. Dogecoin purchases exceeded $200 million, primarily driven by large investors. Influenced by bulk buyers and short-term investors selling off, Dogecoin's price found support at $0.22 and tested the resistance level of $0.23. Institutional buying and support levels From the morning of August 8 to the morning of August 9, Dogecoin (DOGE) rose by 4%. The price has consistently received support at the level of $0.22, thanks to substantial buying, especially from well-known investors (commonly referred to as 'whales'). This wave of buying totaled 1 billion Dogecoins, indicating that these large investors may control about half of the circulating supply.
Harvard University Holds $117 Million in BlackRock's Spot Bitcoin ETF
Harvard University boldly ventured into the digital asset market, announcing an investment of $116.7 million in BlackRock's iShares Bitcoin Trust (IBIT). This fund disclosed in a filing with the U.S. Securities and Exchange Commission that as of June 30, 2025, it holds approximately 1.9 million shares. This position ranks as Harvard University's fifth-largest holding, behind Microsoft, Amazon, Booking Holdings, and Meta, and even surpassing its holding in the SPDR Gold Trust, which amounts to $102 million. According to filing documents, Harvard University is currently the 29th largest institutional holder of IBIT, with about 1,300 investors holding IBIT.
$105 million in Ether shorts were 'swept out', Eric Trump criticizes shorts
Eric Trump warned his 5.8 million followers to 'stop betting' on Bitcoin and Ether, as Ether's price surged above $4,000 for the first time in eight months. The price of Ether broke through $4,000 on Friday, becoming the most significant evaporation of short positions among all cryptocurrency assets that day, with some analysts suggesting that this may set the stage for a short squeeze. This rebound led to a critique of bearish traders by Eric Trump, the son of U.S. President Donald Trump. Traders say that $41,000 is now the key level for a 'short squeeze'.
Full Text of Trump's Executive Order: Making It Easier for 401(K) Investors to Access Alternative Assets
By the powers vested in me as President by the Constitution and laws of the United States, I hereby order:
Section 1: Purpose. Many affluent Americans and government employees participating in public pension plans can invest in a variety of alternative assets or benefit from these investments. However, despite over 90 million Americans participating in employer-sponsored defined contribution plans, the vast majority of these investors do not have the opportunity to directly or indirectly participate in the potential growth and diversification opportunities that alternative asset investments can provide.
Trustees of 401(k) plans and other defined contribution retirement plans must carefully review and consider all aspects of private equity products, including the capabilities, experience, and effectiveness of the investment managers in managing alternative asset investments. They do this to protect the retirement accounts of Americans under their management and to fulfill their fiduciary duty of prudent and safe investment.
Will the market rise after the $4.9 billion cryptocurrency options expiration?
Another week is coming to an end, meaning that with the spot market rising, another batch of Bitcoin and Ethereum options contracts is set to expire. About 35,000 Bitcoin options contracts will expire on Friday, August 8, with a notional value of approximately $4.1 billion. This expiration event is smaller in scale than last week's, making it less likely to have a significant impact on the spot market. The spot market has begun to recover following news that Donald Trump allowed Bitcoin to be included in pension funds in the U.S. Bitcoin options expiration This week's Bitcoin options contracts have a put/call ratio of 1.38, indicating that the number of short contracts set to expire far exceeds that of long contracts. Additionally, the maximum pain point is $115,000, about $2,000 below the current spot price, where most losses will occur when the contracts expire.
Ethereum Breaks $3,900, Demand for ETH Treasury Bonds Heats Up, Targeting $4,000
Driven by a new wave of institutional interest and record inflows into ETH-focused treasury bonds and ETFs, Ethereum's price surged above $3,900 on Friday. Bitcoin price briefly touched $3,952 before retreating to around $3,909 at 2:20 AM ET. Analysts believe Bitcoin may be close to hitting the $4,000 mark. The recent increase was triggered after SharpLink Gaming issued $200 million in stock, with the company stating that it would use the funds to expand its Ethereum reserves. Once deployed, the new ETH reserves could push SharpLink's holdings to over $2 billion, making it one of the largest corporate holders of the asset.
XRP Soars Over 13% After Ripple and SEC Withdraw Final Appeals in Landmark Case
Both Ripple and the SEC have abandoned their appeals, indicating that continuing to hear this case is ineffective given the inconsistent ruling outcomes and the SEC's relaxation of its cryptocurrency enforcement stance. Ripple Labs' nearly four-year legal dispute with the U.S. Securities and Exchange Commission (SEC) has officially ended, becoming one of the most high-profile cases in cryptocurrency history. This move drove the XRP price up over 13% after the announcement. On Thursday, both parties submitted a joint notice to the U.S. Court of Appeals for the Second Circuit, stating that they would voluntarily withdraw their respective appeals. The U.S. Securities and Exchange Commission (SEC) withdrew its challenge to a 2023 ruling that determined Ripple's XRP token does not constitute securities when sold on a public exchange. Ripple then withdrew its appeal. Both parties agreed to bear their own legal fees.
What does the addition of Bitcoin and altcoins to U.S. retirement plans mean?
U.S. President Donald Trump signed an executive order allowing Americans to add digital assets such as Bitcoin and Ethereum to their 401(k) retirement accounts. While this development has led to a rise in the cryptocurrency market, analysts say it may open the door for long-term increases. Tom Dunleavy, head of venture capital at Varys Capital, stated that this decision could attract billions of dollars in investment into digital assets. "When Americans receive their paychecks every two weeks, typically 1% to 10% of the funds are transferred into their 401(k) accounts," Dunleavy said, noting that this money is traditionally about 60% invested in stocks and 40% in bonds.
A Night of Surge and Historical Turning Point: Experiencing the Terrifying Night When Trump Opened the $12.5 Trillion Crypto Gate
I stared at the breaking news on the screen, my finger hovering over the keyboard unable to type—inside the Oval Office, Trump officially signed an executive order allowing 401(k) retirement accounts to invest in cryptocurrencies. The time in the bottom right corner of the screen showed noon Eastern Time on August 7, and Bitcoin's price violently surged $2,000 within 15 minutes after the news broke, breaking through the $116,000 mark, with the K-line almost shooting up at a 90-degree angle. The fatigue of staying up late to watch the market is instantly washed away by a torrent of adrenaline. This is no longer just ordinary good news, but a historic moment as the $12.5 trillion U.S. pension market opens its doors to the world of cryptocurrencies. When ordinary people's retirement money formally marries blockchain assets, a reconstruction of capital order is unfolding before my eyes.
$5000 Approaching? Ethereum Forms Classic Bullish Pennant
Ethereum is the cryptocurrency that has garnered market attention in the latest surge. Currently, the market is favoring Ethereum, attracting interest from numerous institutional investors. Many small companies are actively exploring Ethereum, optimistic about its staking capabilities. The ETH price chart is now displaying a new trend, indicating the formation of a bullish pennant. Once the pennant pattern is established, it will boost Ethereum's surge in the market. Ethereum Bullish Pennant Pattern Ethereum has recently gained significant attention, especially as it is seen as a 'blue-chip' asset. As a leading base chain, Ethereum is increasingly favored, allowing developers to create a comprehensive stablecoin development platform, which is undoubtedly a genius move. Moreover, with Trump and BlackRock actively exploring Ethereum, it is gradually regaining its former glory.
OKX, Bybit all take a hit! The Philippines bans ten cryptocurrency exchanges: unregistered operation, amplifying market risks.
The Philippines blocks offshore cryptocurrency trading platforms! According to a report by Decrypt on the 6th, the Philippine Securities and Exchange Commission (SEC) took action on August 6 to fully block ten offshore cryptocurrency trading platforms, and local users can no longer access OKX, MEXC, Bybit, KuCoin, Bitget, Kraken, CoinEx, Phemex, BitMart, and Poloniex through the internet provided by Philippine telecommunications provider PLDT. Blocking basis: Dual requirements of capital threshold and local registration. In fact, as early as this Monday, the Philippine officials issued an announcement determining that these exchanges violated local laws. In this announcement, the SEC stated that these trading platforms had not completed company registration in the Philippines and had not met the capital requirement of 100 million pesos (Piso), physical office, and monthly report requirements of CASP.
Giant whales return to the Dogecoin market, 100 million DOGE sold out! Dogecoin is about to soar!
Dogecoin whales return to the market massacre, buying 1,000,000 DOGE Dogecoin (DOGE) just saw over 1 billion tokens flow into whale wallets, which is hard to say is a coincidence. This move comes as Dogecoin's price briefly dropped to around $0.194 before rebounding, indicating that some major players viewed this drop as a buying opportunity rather than a warning signal. Data from Santiment shows that between August 5 and 6, wallets holding at least 1 billion DOGE increased by over 1.1 billion DOGE coins. This is one of the largest increases in whale accumulation in the past month, rising from about 71.6 billion to 72.7 billion in one day.
Binance Data Shows Decline in Leverage Ratio: Is a Major Cryptocurrency Reshuffling About to Happen?
In the past week, the global cryptocurrency market has slightly declined, with Bitcoin (BTC) struggling to return to recent highs. CoinGecko's market data shows that the current total cryptocurrency market capitalization is approximately $3.79 trillion, down 0.4% in the past 24 hours. Before this pullback, the major digital asset market experienced a period of uncertainty, and despite a period of volatility, buying momentum for both Bitcoin and altcoins remains limited. Analysts believe that the reduction in market activity and fluctuations in leveraged trading positions play important roles in the current market behavior.
Ethereum may become a better store of value than Bitcoin
According to VanEck's July cryptocurrency market review, Ethereum could challenge Bitcoin's long-standing position as the ultimate store of value in the digital asset ecosystem. Matthew Sigel, head of VanEck's digital asset research team, believes that Ethereum's increasingly deflationary monetary structure, staking yields, and token-holder-centric governance may offer advantages over Bitcoin's rigid design when analyzing changing fiscal trends and macroeconomic policy shifts. The report states: 'Ethereum may form an economic system more favorable to its token holders than Bitcoin.'
286% SHIB Burn Wave Ultimately Ends in Failure Popular wallet tracker Shibburn's data shows that the burn rate of SHIB has significantly increased over the past day. However, the number of meme coins burned so far is not impressive. Meanwhile, the price of the second-largest meme cryptocurrency, Shiba Inu, successfully attempted to rebound today after a 5% drop yesterday. According to a tweet from the aforementioned data source, the SHIB community successfully increased the burn rate indicator by 286.84% over the past day. This looks impressive. However, there is a problem—only 269,722 SHIB have been burned so far, which is even less than 1 million SHIB, worth $3.28. However, the weekly burn situation is much better, with a total of 13,772,405 SHIB transferred to unusable wallets over the past seven days. As for the burn rate, this time it is negative, at -97.82%. Over the past two days, the popular meme cryptocurrency SHIB has dropped about 5%. Today, SHIB rose 2.32%, but then was hit by a rebound, causing the price to fall back. As of the time of writing, the trading price of SHIB is $0.00001213. SHIB follows the price trend of Bitcoin, which dropped 2.13%, from $115,350 to $112,890. Afterward, Bitcoin rebounded and reached the level of $114,000, and as of this writing, the trading price remains at that level.
China considers renminbi-backed stablecoins to challenge the dollar's dominance.
China is taking its first step in developing stablecoins pegged to the renminbi, aiming to counter the increasing dominance of dollar-backed tokens like USDT and USDC globally. Although China still comprehensively prohibits cryptocurrency trading and mining, officials now view stablecoins as a strategic tool to promote the international use of the renminbi and strengthen control over cross-border capital flows. This move also marks a cautious shift in Beijing's digital currency policy, as regulators are currently working closely with financial institutions and experts to establish new safeguards for this tightly controlled digital transformation.
Bitcoin's market value now surpasses that of Amazon: Here's how it became one of the top five assets
Bitcoin will surpass Amazon in 2025.
On July 14, 2025, Bitcoin surpassed a historic milestone, soaring above $122,600, with a market cap of approximately $2.4 trillion, exceeding Amazon's estimated $2.3 trillion. Thus, Bitcoin has officially joined the ranks of the top five most valuable assets globally. This is not a slow burn. Fueled by record inflows into Bitcoin spot exchange-traded funds (ETFs) and increasing institutional demand. has driven Bitcoin to rise nearly 13% in just one week. In surpassing Amazon, Bitcoin's market capitalization has also exceeded that of silver (approximately $2.2 trillion) and Google (Alphabet, approximately $2.19 trillion).
The South Korean regulated digital asset custodian BDACS has announced that it has begun providing institutional-grade custody services for Ripple (XRP). This development allows XRP to be stored legally and securely, making it one of the most liquid crypto assets in the country. BDACS announced that XRP is now officially live on its platform and stated, "We are very pleased to offer custody support for XRP to our institutional clients, as XRP is one of the most popular digital assets in South Korea." The company also mentioned that this integration strengthens their long-term partnership with Ripple and underscores their commitment to the South Korean market. BDACS recently integrated with South Korea's leading cryptocurrency exchanges Upbit, Coinone, and Korbit, allowing its customers to use XRP legally on these major platforms. XRP is known for frequently ranking first in trading volume on South Korea's largest cryptocurrency exchanges, Upbit and Bithumb.
Dogecoin Liquidation Chart Highlights This Area as a Must-Watch Target
Dogecoin (DOGE) is trading close to $0.20 and is forming a major short liquidation cluster, as the charts indicate a potential trend. Price Action and Market Performance As of the time of writing, Dogecoin (DOGE) is trading close to $0.20, having dropped over 3% in the last 24 hours. Over the past week, the token has fallen by 10%, with a daily trading volume of $1.4 billion. Dogecoin has pulled back after reaching a volatile high of $0.28. CoinGlass data shows that the trading volume in the last 24 hours was $5.19 billion, an increase of 54%, with open contracts at $3.09 billion. Options trading volume increased by 30% to $17 million, with open contracts at $120,000, a growth of 13%. The open contract volume for Dogecoin futures dropped from 19.7 billion DOGE to 15.36 billion DOGE during the decline, reflecting a reduction in leveraged positions.