Ethereum faces potential volatility due to whale and market maker activities. Liquidation of short positions may lead to pressured long positions. Continue Reading: Ethereum Faces Uncertain Waters as Market Dynamics Shift The post Ethereum Faces Uncertain Waters as Market Dynamics Shift appeared first on COINTURK NEWS .
Elon Musk's space technologies company SpaceX has once again surpassed the $1 billion threshold with the value of its Bitcoin (BTC) assets. SpaceX's Bitcoin Holdings Surpass $1 Billion, BTC Sets New Record According to Arkham Intelligence data, the company currently has 8,285 BTC in its portfolio, with a total value of approximately $1.02 billion. This isn't the first time SpaceX's Bitcoin portfolio has reached these levels. According to data trackable from early 2021, the company reached a valuation of $1.8 billion with approximately 28,000 BTC in April 2021. However, following the Terra-Luna collapse, the FTX bankruptcy, and the on-chain sell-off in the crypto market, SpaceX sold off approximately 70% of its BTC holdings in mid-2022 and has not made any new purchases since. Tesla also made a significant sale during this period. The company currently holds 11,509 BTC, worth around $1.42 billion. Bitcoin is trading at $121,500 today, up 3.17%, and has surpassed its all-time high of $124,470 during the day. BTC's market capitalization has reached $2.452 trillion, surpassing the market capitalization of Google. According to experts, this rise was driven by rising expectations for a US interest rate cut in September and lower-than-expected July inflation figures. *This is not investment advice. Continue Reading: Elon Musk's Bitcoin Holdings Break Record Value as Bitcoin Surpasses All-Time High! Here Are the Details
Bitcoin just hit a new all-time high, days after breaking a previous record, proving yet again why it’s the greatest investment asset – certainly from an accessibility point of view – of the 21st century. $BTC climbed to $124,501 in the early hours today , edging past its previous all-time high of $123,217 by the slimmest of margins. Yet the move is still highly significant. Why? Because it signals that the broader crypto market has now priced in the strong likelihood of a Federal Reserve rate cut in September. Prediction market Polymarket shows that an overwhelming 88% of users expect the Fed to lower interest rates by at least 25 basis points. Such a move would likely ignite risk-on sentiment, funneling fresh capital into traditionally higher-risk assets like cryptocurrencies. And Bitcoin is naturally positioned at the center of that inflow. Keep reading to learn more about the factors pushing $BTC to new highs – and which is the best crypto to buy to ride this wave. Top Catalysts Behind Bitcoin’s Surge to Record Highs To understand what’s really propelled $BTC to become the sixth-largest asset in the world by market cap, overtaking long-standing juggernauts like Google and Amazon, it helps to rewind to July, when Bitcoin previously set a fresh all-time high. That month saw a wave of pro-crypto policy changes, starting with the GENIUS Act , which is the first major U.S. legislation aimed at establishing a clear regulatory framework for digital assets. Then came Project Crypto , a government-backed initiative to integrate blockchain solutions into public infrastructure, boost transparency, and foster adoption at the institutional level. Also in the mix was the 401(k) Crypto Asset Expansion , which opened the door for retirement accounts to include approved digital assets. This is a major step toward democratizing crypto investment and unlocking a fresh wave of mainstream capital. Even better? On the charts, yesterday’s daily candle closed above the previous ATH. This is a far stronger bullish signal than if the price merely touched it and closed lower. A decisive close above resistance shows the bulls are firmly in control and aiming to drive the price higher. Looking to capitalize on crypto’s newfound explosiveness? Here are 3 top altcoins you can consider including in your portfolio. 1. Bitcoin Hyper ($HYPER) – New Bitcoin Layer 2 for Solana-Like Performance Bitcoin Hyper ($HYPER) is developing the first true Layer 2 solution for Bitcoin built to speed up transactions, slash costs, and bring Solana-like programmability and full Web3 compatibility to the network. Currently, Bitcoin processes just 7 transactions per second, which is around 400 times slower than what Solana, aka the go-to blockchain for high-frequency traders, NFT creators, and dApp developers. $HYPER’s Layer 2, however, will change this thanks to its Solana Virtual Machine (SVM) integration and a decentralized, non-custodial canonical bridge. The SVM will allow developers on Bitcoin to build smart contracts and decentralized applications with the same ease and functionality they enjoy on Solana. Next, the canonical bridge will convert your native $BTC into ‘wrapped’ $BTC, fully compatible with Hyper’s Layer 2. It’s worth noting that original Layer 1 $BTC won’t function on Layer 2, which is why the canonical bridge is so essential. These wrapped tokens can then be used to access Hyper’s Web3 ecosystem, including DeFi trading platforms, NFT marketplaces, lending and staking protocols, DAOs, and gaming dApps. Buying $HYPER will unlock a bunch of exclusive perks, including: Potential 2,400% in gains over the next few months, with $HYPER predicted to hit $0.32 by year-end . Staking rewards, currently yielding 116% Lower gas fees (paid in $HYPER) Governance rights over the network’s future Bitcoin Hyper has already raised a whopping $9.3M in early investor funding, and each token is currently priced at just $0.0127. Visit $HYPER’s official website for more information. 2. Best Wallet Token ($BEST) – Native Crypto of a Non-Custodial, User-Friendly Crypto Wallet Best Wallet Token ($BEST) is a top altcoin perfectly positioned to capitalize on the booming crypto wallet market – a segment that’s been growing at a staggering 31.9% CAGR . At its core, $BEST is the native cryptocurrency of Best Wallet , a free crypto wallet with an ambitious goal to capture over 40% of the non-custodial crypto wallet market by 2027. How does it plan to do so? By offering a solid mix of top-tier security and ease of use. Best Wallet is non-custodial, meaning you’re the only one with access to your private keys. This is paired with state-of-the-art encryption, MFA options including biometric login, and safeguards against hacks, scams, and phishing websites, giving you complete peace of mind. But buying $BEST isn’t just about security; it gives you access to a long list of exclusive perks you won’t find in other wallets: Reduced trading and gas fees on Best Wallet Staking rewards, currently offering 91% APY Early-bird access to new meme coins in presale Voting rights on key platform decisions Even better? Our $BEST price prediction suggests the token could surge up to 180% by the end of 2025, potentially reaching $0.072. Each token is currently available for a low price of $0.025475, and the project has in total raised over $14.7M in early investor funding. Learn all about $BEST by visiting its official website. 3. Cardano ($ADA) – Mainstream Crypto Poised for Another Leg Up The ninth-largest cryptocurrency by market cap, Cardano ($ADA) is a utility-focused token built to provide a secure, scalable network for decentralized applications and smart contracts. $ADA, too, has surged on the back of growing expectations for a rate cut and a wave of pro-crypto policy changes in recent weeks. In fact, it has soared an eye-popping 28% in just the past three days and is now holding firm above the crucial $1 level. Interestingly, DeepSeek recently set an ambitious $3 price target for Cardano, pointing first to the rapidly increasing likelihood of an ADA ETF approval in 2025 . According to Polymarket, the chances of the SEC approving a Cardano ETF this year have surged from 69% on August 8 to a staggering 85% on August 13. Why’s this important? Because an ETF approval would open the door for traditional investors to gain exposure to $ADA through regulated channels, likely unleashing a wave of fresh institutional demand for the token. The technicals look solid, too. The token recently broke out of a descending triangle pattern, and based on this setup, it could climb to $1.32610 (the triangle’s previous high) within the current rally itself. Wrapping Up With Bitcoin firmly in uncharted territory, powered by a mix of pro-crypto regulatory shifts and bullish technicals, smart high-risk, high-reward investors are turning their attention to projects like $HYPER and $BEST as prime contenders for the next crypto to explode . However, kindly bear in mind that none of this is financial advice. The crypto market is highly unpredictable, and you must always do your own research before investing.
A policy whiplash at Google set the crypto industry ablaze on Wednesday before ending in a rare and explicit climbdown : non-custodial wallets are not covered by the Play Store’s new licensing regime. The clarification, posted by Google’s official communications account on X late August 13, came after lawyers, developers, and high-profile Bitcoiners blasted an earlier interpretation of revised rules that appeared to force Anti-Money-Laundering and Know-Your-Customer checks on self-custody software in the United States and effectively box out indie wallet teams across the European Union. “Non-custodial wallets are not in scope of Google Play’s Cryptocurrency Exchanges and Software Wallets Policy. We are updating the Help Center to make this clear,” Google wrote . The initial backlash was swift. VP of Regulatory Affairs at Paradigm Justin Slaughter called it a “surprising move… amid [Google’s] antitrust litigation,” arguing that “pure coding should not require a federal license,” while Jack Dorsey summed up the mood with a one-word verdict: “terrible.” By nightfall in the US, crypto analyst Pentoshi declared “Breaking news Google has unbanned self custodial wallets,” while Pierre Rochard praised the course correction: “All companies make mistakes, great companies listen to online feedback and course-correct. Google Play can’t afford to ban itself from Bitcoin.” Google Bow To Crypto Community (Partially) Under the policy actually taking effect, Google is synchronizing Play Store distribution with licensing in roughly 15 jurisdictions for custodial products—crypto exchanges and custodial “software wallets”—with enforcement to begin on October 29, 2025. In practice that means US developers must operate under a federal or state banking charter or register with FinCEN as a money services business and obtain state money transmitter license; in the EU they must hold authorization as a MiCA crypto-asset service provider. France and Germany have transitional windows before MiCA fully displaces national licensing. Google’s own policy pages and the updated explainers published Wednesday night underline that non-custodial wallets—apps where users retain their private keys and no third party takes custody—are outside this licensing scope. The pivot capped a confusing news cycle. Several outlets reported during the day that Google would require licenses for all wallets, custodial and non-custodial alike, before clarifications on X and in follow-up coverage reversed that reading. Google’s statement confirms that self-custody apps are exempt, while noting that the Play Store will still gate custodial apps and exchanges in the US, EU, UK, and other listed markets. The net effect: the compliance burden shifts squarely onto entities that hold user funds, not the open-source code that enables users to hold their own. Even with Google’s clarification, edge cases remain. Francis Pouliot, CEO of Bull Bitcoin, pressed the company to explain whether the policy captures non-custodial wallets that embed optional gateways to regulated exchanges, with access controls enforced inside the app rather than via Play Store geo-targeting. That unresolved ambiguity matters to builders who have stitched together self-custody with fiat on-ramps through partner integrations, and who must now assess whether those features nudge a wallet into “custodial software wallet” territory for Play’s purposes. Developers also reported inconsistent enforcement as the policy story evolved. Adam Simecka, founder of the self-custodial Manna Wallet, said the app was de-listed from Play search “with no warning, notice, or recourse,” then later observed that visibility differed across devices and regions: “Some people are able to see it in their Play Store… Out of our family’s 3 Android devices, it is showing on 1.” He added that positive reviews had disappeared alongside search visibility. For users and developers, the path ahead is clearer but not frictionless. The Help Center’s country-by-country matrix now anchors distribution for custodial apps to local licensure—FinCEN MSB and state money transmission in the US; CASP authorization under MiCA in the EU; FCA registration in the UK; and comparable regimes in Switzerland , the UAE, Japan, South Korea , and others—with France and Germany granted interim national options before their MiCA deadlines. Google states the blockchain content policy update becomes effective October 29, 2025, with additional Help Center links added to reflect the new requirements. In parallel, Google has reiterated—now on the record—that non-custodial wallets are outside the scope of these licensing checks. At press time, the total crypto market cap stood at $4.11 trillion.
How does 8% of ETH in institutional reserves impact the market?
Chainlink (LINK) reached its highest sentiment for 2025, reawakening the project’s notoriously strong community. The positive sentiment boosted LINK to a three-month high in addition to the general crypto market recovery. Chainlink (LINK) is enjoying the best sentiment for 2025, as its community of ‘marines’ is expressing the most bullish sentiment in months. LINK is now standing at a three-month high, trading at $23.79, with a spike in volumes to $2B in 24 hours. As Cryptopolitan recently reported , Chainlink expanded its role due to demand for ETFs and RWAs tokenization, requiring high-speed, and reliable data streams. The technology of Chainlink was also mentioned as one of the top examples of oracle usage in the recent White House digital asset frameworks, giving further exposure to the project. Over the past few months, LINK has retained its general bullish outlook, expecting a hike to a higher price range. LINK is one of the top utility tokens, which has yet to regain its all-time high. Recently, the asset got a boost from repurchases originating from one of the project’s wallets. The token contract received buybacks after engaging with Uniswap V3, acquiring over 40K LINK in an hour, based on Etherscan data . LINK rallies on its expanded role as top oracle token LINK is also riding on the RWA narrative, as the main provider of infrastructure and reliable pricing data for multiple projects. Due to demand for DeFi services and complex products, Chainlink now secures a record amount of funds, with a peak share of the oracle market. Chainlink now secures over $62B in total value, making up around 61% of the oracle market. The oracle serves 453 projects on 21 chains, focusing on the most liquid protocols. Other oracles specialize in different niches, but none has managed to catch up with the first-mover advantage of Chainlink. LINK also has a prominent position among RWA tokens , with a $15.9B market cap, out of a total of $57B. LINK also expanded, despite the overall RWA narrative losing a net 5% in the past three months. The token is also an outlier as a part of the ‘Made in USA’ narrative, where LINK is among the top 10 selected assets. The recently adopted favorable regulation of crypto in the USA is seen as an opportunity for the oracle project. Chainlink gets a boost with peak transactions The recent LINK rally coincided with one of the year’s busiest periods in terms of active daily transactions. The Chainlink network still carries a relatively low baseline of active wallets, but that number of participants is generating a significant number of transfers. The LINK token is tied to oracle services, signaling the growing demand for price information requests. The other major source of demand for Chainlink is the usage of its cross-chain protocol, CCIP. Demand for cross-chain transfers picked up in July and August, coinciding with the overall demand for crypto and DeFi usage. USDC and LBTC are the top assets using CCIP, with activity picking up since July. | Source: Dune Analytics . The CCIP is driven mostly by cross-chain movements of stablecoins, especially USDC. It’s seen as one of the more secure protocols, offering better safeguards compared to standard bridges. CCIP also reflects the increased usage of L2 chains, with the most traffic coming from Arbitrum and Base. As a whole, the Chainlink project benefits from the general increased usage of the Ethereum ecosystem. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Despite recovering above $120,000 again, Bitcoin has not been able to completely shake off the bearish pull. This has resulted in what looks like the beginning stages of a price pullback that could result in a notable crash. There are also fair value gaps (FVGs) that are yet to be fully filled, suggesting that the uptrend may see a pause before resuming. Bitcoin Momentum Pulling Toward Bearish As crypto analyst TehThomas explains in an analysis, the Bitcoin price action shows that it has moved toward a key rejection block. This rejection block was around the $122,000 level, explaining why the cryptocurrency saw a pushback from here. Related Reading: How Western Union’s Acquisition Of Intermex Is A Win For Ripple And XRP Given this, Thomas explains that this movement points to exhaustion in the market. This could suggest more sellers are beginning to take profit, and with buyers taking a step back, there is not enough demand to hold off the supply being poured into the market. If this continues, then there will be a shift into the bearish territory for this. Moreover, the fact that he rejection block aligned with the 4-Hour charts shows there is a strong confluence zone for sellers. This puts bears in charge at this level, and with the price closing within this confluence zone, it gives more strength to the reversal trend and could push for a further retracement. Buying Into The Fair Value Gap There is currently a fair value gap that is yet to be filled above $112,000. This makes this level the first target in the event of a price retracement. The likelihood of a retracement to this level is high because historically, fair value gaps tend to be filled first before there is a continuation of the bullish momentum. Related Reading: Analyst Predicts XRP Price Crash Below $3, But There’s Good News Additionally, there is also the fact that the Bitcoin price moved “through a cluster of resting liquidity above recent highs.” This was the level that acted as the trap for late buyers and longs and triggered a wave of liquidations as the price moved downward again. If this bearish scenario does play out, then the analyst expects that the Bitcoin price will actually crash back as low as $110,000 to fill the gaps. However, a completion of this move would serve as the setup for the next upward wave toward the peaks. Featured image from Dall.E, chart from Tradingview.com
South Korean firm Dunamu, which operates crypto exchange Upbit, signed an MoU with Vietnam’s Military Bank or MB Bank to launch the nation’s first crypto exchange. The deal signed on Tuesday is a structural game-changer for Vietnam’s crypto scene, following its recent legalization of digital assets . According to the Korea Herald , the partnership will bring Dunamu’s Korean exchange model and technology to its overseas-led initiative. The signing of the initiative saw crypto leaders from both nations. Dunamu will also serve as the advisor for MB Bank’s regulatory compliance, investor protection and talent development. “MB and Upbit will work together as trusted partners to advance Vietnam’s digital finance market,” said MB Bank Chair Luu Trung Thai. Vietnam Brings Crypto Under Formal Radar In June, the Southeast Asian nation passed the Law on Digital Technology Industry that defines, classifies and outlines crypto management. Vietnam has officially legalized crypto assets, introducing its first legal framework to regulate digital currencies and virtual assets. Here's what the new law covers. #Vietnam #CryptoLaw https://t.co/p3SC5jp9UL — Cryptonews.com (@cryptonews) June 16, 2025 The legislation came after years of regulatory ambiguity and international pressure, ever since Vietnam remained on the Financial Action Task Force’s “grey list.” The country was scrutinized for its lack of insufficient anti-money laundering safeguards around virtual assets. In July, Dunamu Vice Chair and co-founder Kim Hyoung-nyon met Prime Minister Pham Minh Chinh, promising that the company would commit to Vietnam’s digital economic cooperation. According to Oh Kyoung-suk, Dunamu CEO, Vietnam has potential with over 20 million crypto holders, $800 billion in trading volume. It is also the fifth-largest in the global crypto adoption index last year, per Chainalysis data . “When this growth potential meets the Upbit model, it will be a chance to build not just an exchange but Vietnam’s entire digital financial infrastructure on a foundation of trust,” Kyoung-suk added. Dunamu Sees Three-Fold Increase in Cash Dividends Further, Dunamu disclosed a sharp rise in annual profits, announcing a threefold increase in cash dividends to common shareholders. The company revealed in March that it has allocated nearly 300 billion won ($204.5 million) for cash dividends under its retained earnings distribution plan. It also reported an 85.1% year-over-year increase in operating profit. Dunamu attributed the strong performance to increased investor interest due to optimism surrounding pro-crypto regulations across various jurisdictions. The post Upbit Operator Dunamu, MB Bank Partner to Launch Vietnam’s First Domestic Crypto Exchange appeared first on Cryptonews .
World’s biggest cryptocurrency boosted by rise of ‘bitcoin treasury’ companies and support from Trump administration
TL;DR Ripple whales are back with sizeable accumulations, which could be the ultimate prerequisite for an XRP surge. Data shared by popular crypto analyst Ali Martinez indicates that these large market participants have bought 320 million XRP in just three days, a fortune that is valued at roughly $1 billion at today’s prices. 320 million $XRP bought by whales in the last 72 hours! pic.twitter.com/i1Hx6qNKMq — Ali (@ali_charts) August 13, 2025 Such substantial purchases could have a multi-fold positive effect on the underlying asset’s price. After all, they reduce the immediate selling pressure and might serve as an example to retail investors who tend to follow whales’ moves. Recall that Ripple whales began to stack up considerable XRP portions in mid-July, which eventually led to an impressive price rally and a new all-time high above $3.60. However, they started to lock in some gains in the following days, and XRP dipped below $2.80 as a result. Such massive accumulations being the catalyst of price surges are not limited to Ripple’s cross-border token. Recall that Dogecoin and Cardano whales went on a buying spree in the past week as well. Those buying the meme coin purchased over a billion tokens in a single day earlier this month. At the time, DOGE traded at $0.20 before it soared by 25% to the current $0.25. ADA whales accumulated 200,000,000 coins at the beginning of the current business week, when the asset’s price struggled below $0.80. Since then, the token has soared to a multi-month peak of just over $1. XRP has been trailing behind the most recent broader crypto market rally, failing to copy the aforementioned gains or the price performances of BTC, which charted a new all-time high today, or ETH, which is inches away from its 2021 peak. The post Is This Massive Ripple Whale Move the Trigger for XRP’s Next Big Surge? appeared first on CryptoPotato .