VanEck filed for a VanEck JitoSOL ETF to track the price of JitoSOL, a Solana liquid-staking token (LST). The filing follows SEC guidance that excludes staking and liquid staking from
BitMine shares surged due to Powell's market optimism. Ethereum and Bitcoin prices saw significant increases post-Powell's speech. Continue Reading: BitMine Immersion Technologies’ Stocks Surge as Powell Shifts Market Sentiment The post BitMine Immersion Technologies’ Stocks Surge as Powell Shifts Market Sentiment appeared first on COINTURK NEWS .
The Dow finished Friday’s session with a monster move, jumping 846 points to close at a record high of 45,631.74, after Federal Reserve Chair Jerome Powell said the central bank could start cutting rates next month. That comment came during his speech at the Jackson Hole symposium and triggered a flood of trades across every major sector. The gains were immediate. The S&P 500 ended at 6,466.91, up 1.52%, just shy of its all-time high. The Nasdaq Composite closed at 21,496.53, up 1.88%, fueled by massive inflows into tech stocks. According to data from CNBC, Powell’s words led to a full-blown rally that pushed indexes to levels traders hadn’t seen before. Tech stocks surge as traders price in rate cuts The minute Powell opened the door to rate cuts, the big tech names took off. Nvidia rose 1.7%, Meta Platforms gained over 2%, and both Alphabet and Amazon were up more than 3%. Tesla shares ran hardest, rallying 6% by the closing bell. Traders were pricing in a lower-rate environment and reloading on risk. The U.S. dollar got slammed, falling 1%, as expectations of looser policy pressured the currency. The euro jumped to $1.1728, with a session high of $1.1742, its strongest point since July 28. The yen also strengthened as the dollar dipped to 146.77, down 1.08%. Other currencies moved in lockstep; the British pound went up 0.86% to $1.3527, and the Australian dollar rose 1.14% to $0.6492. Gold benefited too. Spot gold increased 1.1% to $3,373.89 an ounce, while U.S. futures closed at $3,418.50, also 1.1% higher. With the dollar weakening, gold looked cheaper to non-dollar buyers. Silver popped 2.2% to $39.01, platinum gained 0.7% to $1,362.90, and palladium edged up 1.4% to $1,125.53. Metals traders jumped in fast, betting on inflation protection. Bitcoin jumps as institutions tighten grip Bitcoin was part of the action too. It rose 4.10% Friday to $117,035, lifted by the broader risk rally and softening dollar. Just a week earlier, it had hit a new all-time high, trading close to $125,000, after breaking $124,496 on August 14. But that was followed by a fast 10% correction to $111,658. Even so, that drop was smaller than earlier ones. In July, bitcoin dropped 9% after peaking at $123,194. Earlier drawdowns this year were sharper, both January and May selloffs pushed losses past 30%. Still, long-term bitcoin holders aren’t shaken. Some of them say dips like this are normal. “Drawdowns of 30% are a regular thing in a bull cycle,” said one longtime trader. And historically, they’ve survived worse. Bitcoin has crashed 70% multiple times. But over the last three years, it’s up 455%. In five years, 913%. And in a decade, 51,600%. Bitcoin’s performance during market chaos has been noticed. When President Donald Trump announced fresh tariffs in April, stocks tumbled. Bitcoin didn’t. It stayed over $80,000 most of the year and only slipped under $75,000 briefly. That resilience is why institutions are still piling in. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Pi Network announced a $20M investment in OpenMind AGI and launched the Philippine Hackathon 2025 to accelerate AI-integrated blockchain apps. The move aims to expand Pi’s AI utility while driving
The VanEck JitoSOL ETF filing comes after regulators determined earlier this month that liquid staking is not a securities transaction.
The cryptocurrency market continues to shift in 2025 as investors search for the best crypto presales to buy amid volatility and regulatory evolution. While Bitcoin recently cooled after reaching a record peak above $124,000, attention has swung toward meme-driven projects and alternative tokens that promise resilience and potential outsized returns. Within this climate, analysts are increasingly spotlighting Dogecoin and MAGACOIN Finance as projects capable of capturing both cultural momentum and serious market interest. Dogecoin’s Market Position Dogecoin’s resilience is particularly evident in its recent rebound from $0.21 to around $0.22, supported by whale accumulation exceeding 680 million tokens this month. Analysts suggest that despite technical uncertainties, the token’s social reach and enduring celebrity endorsements continue to underpin bullish long-term expectations. Forecasts indicate potential gains between $0.70 and $1.30 in the coming cycle, reinforcing its inclusion among the best altcoins to buy . This momentum is further strengthened by institutional attention, such as corporate acquisitions linked to influential political figures. Such developments enhance Dogecoin’s credibility and sustain its role as a gateway meme asset in mainstream finance. MAGACOIN FINANCE’s Momentum Draws Analysts’ Focus After raising millions and riding meme-fueled momentum, MAGACOIN FINANCE is being spotlighted alongside Dogecoin as one of the best crypto presales of 2025. With analysts eyeing explosive ROI potential, momentum is shifting fast—and early entries could secure outsized upside. The growing narrative around MAGACOIN FINANCE shows that meme projects still have the potential to make investors massive returns in the upcoming cycle. Although meme tokens are often seen as speculative plays, analysts say MAGACOIN FINANCE combines cultural relevance, retail interest, and a strong-community backing. Investors who follow the market know that these factors are what matter in securing a strategic position, and this is why MAGACOIN FINANCE is at the center of 2025’s presale conversation. On-chain data shows that the project’s supply is fast depleting, and those who act out may miss out on what many are calling a once-in-a-lifetime opportunity. Conclusion: Momentum Beyond the Giants Bitcoin and Ethereum may continue to shape the cryptocurrency market’s direction, but analysts say the real opportunity lies in projects with the right timing and positioning. The rise of MAGACOIN FINANCE shows that meme-driven projects can secure a unique role in investor portfolios. With transaction volumes surging and the community fast expanding, MAGACOIN FINANCE has gotten the attention of investors and traders, who say the project may be the best altcoin to buy this year. However, only those who act fast will benefit. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Best Crypto Presale 2025 With Meme Momentum: Dogecoin & MAGACOIN Finance Highlighted by Analysts
A 60-year-old fugitive behind a $13 million crypto scam has been caught in South Korea — all because he tossed a cigarette on the street. For nearly five years, he managed to stay hidden. But his run ended not with a high-stakes sting or international chase — it ended because he tossed a cigarette on a Seoul street. From crypto scammer to street litterer The Seoul Metropolitan Police said they stopped the man on Wednesday in Gwanak District after he discarded a cigarette butt and tried to flee. When questioned, he refused to show his ID. He offered money to the officers, and even pleaded, “let me go just this once,” while trying to hail a taxi. He then pretended to be on a phone call and tried to run again but was arrested on the spot. Officers soon realized the man, identified only as A, was more than just careless with cigarettes. Investigators later found he was the mastermind of a 17.7 billion won ($13 million) crypto scam that duped about 1,300 people between 2018 and 2019. After the fraud, he vanished in 2020, but his run ended this week when he was handed over to the Seoul Southern District Prosecutors’ Office. He was already a wanted fugitive with arrest warrants on 10 charges, including fraud and assault. Other crypto scammers who slipped up This isn’t the first time a crypto scammer has been tripped up by a careless mistake. Back in 2012, James Zhong stole 50,000 bitcoins from Silk Road. That would be worth more than $5.6 billion today. Instead of laundering it cleanly, he stored the coins in physical wallets hidden around his house. Years later, in 2019, his home was burglarized, and when he called the police to report the theft, the IRS got involved. Investigators soon traced the assets back to the Silk Road hack, and it was over for Zhong. He was arrested and, in 2023, sentenced to just one year in prison. Another infamous case was the husband-and-wife duo Heather Morgan and Ilya Lichtenstein. They pulled off one of the biggest crypto heists in history but were brought down by sloppy mistakes. The couple was linked to the 2016 Bitfinex hack, where 119,000 bitcoins were stolen. Instead of quietly laundering the funds, they used fake accounts and conducted transactions that left an obvious digital trail. Morgan made things even worse. She built a bizarre alter ego called “Razzlekhan,” posting awkward rap videos and flaunting a flashy lifestyle while investigators were already circling. By 2022, the pair was arrested in New York with access to billions in stolen bitcoin. Lichtenstein admitted to carrying out the hack, while Morgan pled guilty to money laundering. In 2024, Lichtenstein was sentenced to five years in prison, and Morgan received 18 months. Their case became one of the most bizarre busts in crypto history. Get $50 free to trade crypto when you sign up to Bybit now
Wall Street’s favorite crypto asset is Ethereum. Institutional inflows into ETH-based funds have surged, with more capital entering over the last six weeks than the total for the entire year. In July, Ethereum ETFs were awarded Bloomberg’s ETF of the Month title as they outshone all Bitcoin products. As institutions pile into Ethereum, investors eye other opportunities with explosive potential. MAGACOIN FINANCE has become one of the hottest projects in this space, with long-term ROI predictions that are said to potentially outperform Ethereum’s growth projections. Institutional Confidence Strengthens According to analysts, the $6.6 billion ETH treasury of BitMine has been responsible for the momentum-building of Ethereum. Fund managers could see ETH as more than just speculation because of this anchor ETFs Outperform Bitcoin Products Ethereum ETFs saw significant inflows last month, easily surpassing that of their Bitcoin counterparts at a record pace. For the first time ever, Ethereum funds have emerged as the central topic in conversations by institutions, with talks on BTC slowly fading. A Hidden Gem Found During the Market Dip MAGACOIN FINANCE is also making waves by rapidly expanding its community and building momentum toward future listings. Early projections suggest dramatic upside potential, making it a compelling choice for investors who want exposure to a project still in its early stage, much like Ethereum once was. While it is a relatively new project, the investor’s interest has been spreading worldwide, with the project raising $12.5 million in record time . New Products Expand Ethereum’s Reach Wholesalers are creating new products on Ethereum, while newbies are exploiting deeper liquidity pools like NEOS’ High Income Ethereum ETF. Investors are diversifying strategies because of these innovations. Demand Remains Strong Despite Profit-Taking The phases of taking profit have not diminished the appetite of institutions, says Jamie Elkaleh of Bitget Wallet. Inflows are structurally stronger than in previous cycles, demonstrating Ethereum’s structural staying power on Wall Street. Conclusion Ethereum has no doubt attracted institutional interest as evidenced by billions pouring into ETFs strategies. At the same time, MAGACOIN FINANCE is looking for the next opportunity that can offer a tremendous ROI. Both assets highlight how rapidly crypto is growing, but early movers tend to get the maximum benefit. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
According to COINOTAG News on August 23, Ethereum (ETH) climbed to $4,887 following a 14% rise in 24 hours, marking a fresh all-time high. That price level had not been
XDC Network’s slip below the $0.09 mark has sparked renewed debate over whether this decline is a warning sign or an entry point for a rebound. With analysts pointing to a possible 30% upside, traders are watching closely to see if XDC can regain momentum and break through key resistance levels. This analysis examines the current setup and what it could mean for XDC’s recovery prospects. XDC Network's Current Price Shows Mixed Signals, Potential for Growth Source: tradingview XDC Network is trading between eight and nine cents. Recently, it declined by nearly 10% over a week and over 18% in the past month. It's a little below its 100-day average, hinting at a slow market. If it breaks past its nearest resistance, it could aim for about ten and a half cents, rising over 20% from the lower range. The coin has strong support around seven and a half cents. Its Relative Strength Index and Stochastic numbers suggest it's neither overbought nor oversold. Overall, XDC Network needs to climb past its resistance to show stronger growth potential. Conclusion Despite recent losses, XDC Network’s solid support near $0.075 and upside target around $0.105 suggest room for a recovery if buying pressure returns. Technical indicators show the coin is in neutral territory, leaving space for a bounce without being overheated. If XDC manages to break past resistance, the projected 30% rebound could materialize, positioning it as a notable contender for short-term gains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.