JUST IN: $5.9B in BTC & ETH Options Expiring Today!
JUST IN: $5.9B in BTC & ETH Options Expiring Today! What is this all about, and what could it mean for the market? Options Expiry Explained
This is the moment when massive derivatives contractsโgambling on price movesโexpire. When over $5 billion worth of Bitcoin and Ethereum options end today, expect heightened volatility and fast-moving price shifts as positions are settled or rolled over.
Why It Matters: Market momentum can swing dramatically as traders close or adjust bets leading up to expiration.Prices often get โpinnedโ near strike levels where the thickest open interest existsโthis tug-of-war can stabilize or shake the market.
Key Takeaway:
With nearly $6 billion in crypto options expiring, prepare for increased price action and shifts in sentimentโespecially if key support or resistance breaks.
Ethereum Dev Wallet Drained by Malicious AI Extension
๐จ Ethereum core dev Zak Cole lost funds after installing a fake Cursor AI extension โ โcontractshark.solidity-langโ โ with 54K+ downloads that secretly stole his private key.
The plugin read his .env file, sent keys to an attacker, and drained his hot wallet after 3 days.
๐ก Loss: Only a few hundred USD in ETH ($4,743 price) โ thanks to segregated test wallets & hardware storage. โ ๏ธ Rising Threat: Wallet drainers are now using malicious VS Code extensions as a major attack vector via fake publishers & typosquatting. Security Tips: Vet extensions carefullyDonโt store keys in plain textUse hardware walletsDevelop in isolated environments$BTC $ETH $SOL
๐ Bitcoin Market Update: The outlook is strongly bullish ๐ with momentum indicators showing solid strength. ๐ฏ Targets to watch: $123,000 & $125,000 โ ๏ธ Warning: A drop below $120,000 could signal a shift in sentiment.
NEW YORK, (Reuters) - The U.S. Securities and Exchange Commission said it ended its case accusing Ripple Labs of selling unregistered securities, leaving a $125 million fine intact and ending one of the cryptocurrency industry's highest-profile lawsuits.
Pi Network 2025: Mainnet Breakthrough & Bullish Momentum
Network is making waves this August โ price up ~10% in 24h, reclaiming the $0.40 level after a sharp rebound from $0.335 lows. The rally is fueled by fewer token unlocks, bullish chart setups, and rapid ecosystem growth. ๐ Open Mainnet Goes Live (Feb 20, 2025) ยฐExternal Access: Pi now connects to wallets, exchanges, and other blockchains. dApp Boom: Thousands of projects launched on Piโs App Studio โ from gaming to DeFi.On-Chain Surge: Wallet-to-wallet transfers at record highs.More Nodes: Greater decentralization and network security. ๐ Market Catalysts Supply Squeeze: Monthly unlocks down to 5.6M PI from 8M.Technical Breakout: $0.40 resistance cracked; RSI at 67, MACD bullish.Infrastructure Push: Stellar Protocol 23, fiat onramps via Banxa & TransFi.Whale Moves: Large holders buying dips; exchange reserves -20% since July. โ ๏ธ Risks to Watch Major exchange listings still pending (Binance, Coinbase).KYC & migration bottlenecks.Governance centralization concerns. ๐ฏ Price Scenarios Bullish: $0.47 next, then $0.60 on big listing news.Base: Consolidation between $0.38โ$0.47.Bearish: Slip toward $0.33 if unlocks surge or whales exit. ๐ฌ Community Split: Some call Pi the future of accessible blockchain, others doubt its tokenomics. The team urges caution with unofficial price data. ๐ Current: $0.4015 | MCap: $3.13B | Vol: $109M Tagline: โPi Network โ from walled garden to open frontier.โ $BTC $SOL #pi #PiCoreTeam #PiNetworkMainnet
XRP is holding firm above key support after rebounding strongly from last weekโs dip. The uptrend that began in mid-June is still intact, with price riding a rising trendline. However, overhead resistance will decide whether bulls can push higher or momentum stalls. After bouncing from the $2.85โ$2.95 zone, XRP reclaimed its 9-day SMA and climbed toward $3.33โ$3.40. This area has capped gains so far, but a breakout could target $3.50 and $3.55โ$3.60 next.
Yesterdayโs Call We noted that clearing $3.30 could set up a retest of $3.50, while holding above $3.00 would keep the uptrend intact.
Price pushed into resistance but hasnโt broken it yet, leaving the short-term range between $3.00 and $3.33โ$3.40 in play. The trendline is still guiding the market upward.
Daily Overview Current Price: $3.2924h Change: -0.64%RSI (14): 60.73 โ Bullish momentum, room to runVolume: Stable XRP remains above the 9-day SMA ($3.038) and the rising trendline from late June. Resistance is close, and a breakout would confirm trend continuation.
What the Chart Shows Structure remains bullish with higher lows and a bounce from the trendline. A daily close above $3.40 likely opens the way to $3.50 and $3.60.Failure to break resistance could see sideways trading or a dip to $3.05โ$3.10. A close below $2.90 would suggest deeper pullback risk.
Scenarios to Watch Bullish: Break above $3.40 โ targets $3.50 and $3.60.
Neutral: Range-bound between $3.00 and $3.40.
Bearish: Close below $3.00 โ targets $2.80 and possibly $2.55.
Our Take: XRP remains in a short-term uptrend with technical indicators in its favor. The $3.33โ$3.40 zone is the key level that will define the next big move. Itโs Crypto Updates โ Eyes on the Charts! ๐ $XRP $SOL $BTC
Most important market insights as: 1๏ธโฃ Trump Opens the Gates โ Executive order unlocks the $12.5T 401(k) retirement market for crypto investments. 2๏ธโฃ XRP Victory โ SEC & Ripple end years-long legal battle with a joint dismissal. 3๏ธโฃ Banking Fairness Order โ Trump signs order banning discrimination in banking against crypto, religion, and politics. 4๏ธโฃ Canada Job Shock โ 40,800 jobs lost in July, worst drop since COVID. 5๏ธโฃ Harvard Goes Bitcoin โ Buys $116.6M worth of BlackRockโs spot BTC ETF. 6๏ธโฃ Crypto for 90 Million โ David Sacks says Trumpโs new orders give tens of millions access to crypto. 7๏ธโฃ Earnings Boom โ 82% of S&P 500 firms beat estimates despite tariff headwinds. 8๏ธโฃ Staking Gets Green Light โ SEC says liquid staking โ securities. 9๏ธโฃ Dubai Makes History โ Approves first-ever crypto options license. ๐ Ethereum Soars โ $ETH breaks $4,300 for first time since 2021.
Chainlink (LINK) has been on fire โ climbing 4 straight days since Aug. 5 and smashing back above the $20 mark. From the Aug. 3 low of $15.43, LINK soared to an intraday high of $21.46 early Saturday. ๐ Current Price: $21.04 (+8.25% 24h | +32% weekly) ๐ Whales Make Big Moves Massive on-chain activity shows big players are loading up: Large Transaction Volume: 60.76M LINK ($1.21B) โ +868% in 24hWhale & Shark Wallet Growth: +27 wallets holding 100Kโ1M LINK since Aug. 1 (+4.2%)These wallets now control 0.67% more of LINKโs total supply. Whales clearly see something big ahead. ๐ฏ Next Price Targets With $20 reclaimed, the focus shifts to breaking: $26$30 Strong whale accumulation could push LINK to test these levels soon. ๐ Chainlink Reserve Launch Chainlink just unveiled Chainlink Reserve โ a strategic on-chain reserve designed to fuel long-term growth. Funded by off-chain revenue from major organizations + on-chain service usage.Already holding $1M+ worth of LINK, set to grow as adoption rises.
๐ข Conclusion: LINKโs rally is backed by whale confidence, rising accumulation, and a major network upgrade. The bullish momentum could drive the next leg higher.
Ethereum is heating up again, crossing $4,000 for the first time since late 2024 and hitting $4,249 on Bitstamp. Now, top analysts are setting their sights on a jaw-dropping $20,000 target. ๐ 7 Years in the Making A rare price channelโactive for 7 yearsโis guiding ETHโs climb. This rising channel has only touched its ceiling twice before:
First touch: Sparked the epic run from $100 to $4,000. Second touch: November 2021 all-time high of $4,875. Now, analysts believe a third breakout could โchange everythingโ โ potentially driving ETH to $20K and beyond. ๐ฅ Momentum Is Building If ETH breaks above this historic channel for the first time ever, the move could fuel a +375% surge from current levels, making it one of the most explosive rallies in crypto history. Follow us: Itโs Crypto Updates #ETHBreaks4000 #altsesaon #cryptoMarket #BullRun #ItsCryptoUpdates
The market remains strongly bullish. If momentum holds, Bitcoin could push beyond current resistance levels, paving the way for further gains in the coming hours. $BTC $ETH $SOL
SEC Grants Ripple Clearance for Private Fundraising
The U.S. Securities and Exchange Commission (SEC) has granted Ripple a waiver lifting its โbad actorโ disqualification, clearing the way for the company to more easily raise private capital. Understanding Regulation D According to Rule 506(d) of the Securities Act, a firm is deemed a โbad actorโ if it has breached securities regulations. This designation bars such firms from relying on Rule 506 exemptions under Regulation D โ a provision that allows businesses to obtain unlimited funding from accredited investors without going through the lengthy and costly SEC registration process. Startups, including those in the cryptocurrency sector, often rely on this exemption to secure early funding efficiently before going public. Losing access to it makes raising capital privately much harder and less profitable. Impact on Ripple A permanent injunction issued by Judge Analisa Torres had previously stripped Ripple of the ability to use Rule 506, effectively closing off its simplest fundraising route for five years. Now, with the SECโs waiver in place, Ripple has regained access to this vital fundraising option, removing a major obstacle to securing investment. $XRP $BNB $SOL Follow us.