The crypto market is heating up again with big moves from some of its biggest names. Ethereum has surged close to record highs, Avalanche is building momentum, and traders are watching key resistance levels. Whale investors, always looking for the next opportunity, are beginning to shift their attention to fresh opportunities outside the top-tier names. One such project making waves is MAGACOIN FINANCE — a fast-emerging token that’s gaining traction as a potential breakout in the months ahead. Ethereum Breaks Out Toward Record Territory Ethereum has been on fire, up nearly 27% in the past week and 7% in the past 24 hours alone. Pricing hit $4,670 before correcting slightly to $4,620, with ETH coming in just about 5% off its all-time high of $4,878. Analyst Ted has stated that ETH is poised to break out of a four-year lateral trend. He pointed out that the last time Ethereum broke out like this was when it returned a spectacular 20x in one year. While past performance may not be an assurance of the same, it has raised discussions concerning ambitious Ethereum price prediction 2025 goals, from a $10,000 ETH in the next cycle. This new energy has returned Ethereum to the limelight, one of the best altcoin to buy for those interested in both short-term runs and long-term perspective. Avalanche Targets Higher Levels After Technical Break Avalanche has also closed the gap with a strong rally from a seven-day low of $21 to $25, an 8% rise in 24 hours. As analyst Carl Moon pointed out , AVAX has formed a potential broadening wedge pattern on the one-hour chart with a short-term target of around $26.5. On a bigger level, the traders seek a possible extension that can result in much bigger movements. AVAX has been gaining traction over time, and this formation has some investors looking at it as one of the best altcoins to purchase 2025. With the technical context coming together and good Avalanche crypto news driving sentiment, there is increased speculation regarding the next Avalanche price prediction. Others view the $80 target as longer-term potential should momentum be sustained and the overall market conditions be supportive. Investor Demand for MAGACOIN FINANCE Accelerates as Allocations Rapidly Diminish While Ethereum and Avalanche dominate headlines, a quiet shift is happening beneath the surface. Strategic whale capital — large, sophisticated investors with significant buying power — has started moving into MAGACOIN FINANCE. Interest in the project has surged in recent weeks, with token allocations reportedly being taken up at a much faster pace than anticipated. This demand is being driven by a combination of its growth-focused roadmap, strong community engagement, and the perception that it could deliver outsized returns compared to established players. Whales tend to position themselves early in assets they believe will see a quick value climb. In the case of MAGACOIN FINANCE, the appeal lies in its positioning as a high-potential contender in a market where traders are hunting for the best altcoin to buy now before wider public adoption kicks in. This trend of allocation tightening has caught the attention of smaller investors, who are beginning to weigh it alongside other top altcoins to buy 2025. The narrative around MAGACOIN FINANCE has shifted from being a “project to watch” to something that may require quick action to secure a stake. Final Thought Ethereum and Avalanche are proving that major altcoins still have plenty of life in them, breaking through resistance levels and setting the stage for potentially bigger moves ahead. Traders are watching closely for confirmation of breakouts that could lead to significant gains, with Ethereum news today and Avalanche crypto news driving fresh optimism. At the same time, strategic capital is flowing into newer opportunities like MAGACOIN FINANCE. This suggests that the next market leaders may not be the same as the last cycle. For those scanning the market for the best crypto to buy now, the combination of established strength in ETH and AVAX alongside emerging momentum in MAGACOIN FINANCE offers a compelling mix of options for 2025. 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: Strategic Whale Capital Targets MAGACOIN FINANCE as Avalanche and Ethereum Push Toward Multi-Year High
On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project—a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company’s stock price. First Crypto Treasury Focusing On World Liberty Financial ALT5 Sigma, which trades on Nasdaq under the ticker name “ATLS”, aims to raise $1.5 billion to become the first publicly traded company to hold WLFI, the governance token associated with World Liberty Financial. In a press release dated August 11, the company disclosed that it plans to raise these funds through a registered direct offering and a private placement, which will involve selling up to 100 million shares at a price of $7.50 each. Related Reading: Analyst Says What Happened With Bitcoin Is About To Happen With XRP Notably, the private placement will be conducted using WLFI tokens, which are currently non-transferable and will be treated as an over-the-counter (OTC) transaction. In its regulatory filing with the US Securities and Exchange Commission (SEC), ALT5 Sigma stated that acquiring WLFI directly from World Liberty Financial is currently the only option, as the tokens remain locked and cannot be traded. The filing also warned that if the company fails to acquire the tokens on favorable terms or at all, it may impair its ability to execute its digital asset treasury strategy, potentially requiring a reallocation of assets within the treasury. ALT5 Sigma Shares Plunge 26% Prior to the announcement with World Liberty Financial, ALT5 Sigma’s shares had been performing well, nearing $20 in pre-market trading and more than doubling in value. However, the news of the treasury plans reversed this momentum dramatically. By the close of trading on Monday, shares had plummeted by 26.42%, settling at $6.60. As of the latest reports, ALT5’s stock continues to hover around $6, reflecting a decline of about 10% over the past week. With the treasury acquisition, Zach Witkoff, co-founder of World Liberty Financial, is set to become ALT5’s chairman. Eric Trump, another WLFI co-founder, will join the board as a director. Additionally, Zak Folkman, also a co-founder, will serve as a board observer, while Matt Morgan, CEO of Blockstreet, will take on the role of chief investment officer. Related Reading: Ethereum Retail Mood Still Bearish: Perfect Setup For ATH Break? It’s important to note that the WLFI token, designed as a non-tradeable governance token, was launched in October 2024, with a subsequent announcement of a USD1 stablecoin in March. In mid-July, World Liberty Financial holders voted to allow the token to become tradable, facilitating peer-to-peer transactions and secondary market activity. However, for now, the movement of tokens remains limited, with trade eligibility constrained to a select group of early supporters. Featured image from DALL-E, chart from TradingView.com
Cardano’s rally may be gaining traction as ETF buzz, bullish sentiment, and on-chain trends align.
BitcoinWorld Coinbase Smart Contract Blunder: A $300K Loss and Crucial Security Lessons The cryptocurrency world recently buzzed with news of a significant Coinbase smart contract incident, where the prominent exchange experienced an unexpected loss. This event highlights the critical importance of robust security measures in the rapidly evolving digital asset landscape. It serves as a stark reminder that even industry leaders face unique challenges in maintaining ironclad crypto security . What Exactly Happened with the Coinbase Smart Contract ? Coinbase, a leading cryptocurrency exchange, recently incurred a loss of approximately $300,000. This wasn’t a hack in the traditional sense, but rather a consequence of a misconfigured Coinbase smart contract approval. Essentially, Coinbase’s internal systems mistakenly granted approval for token transfers to the 0x Project’s “swapper” contract. This particular contract is not designed to handle such approvals and, unfortunately, proved vulnerable to exploitation. The Block initially reported on this development. A security researcher from Venn Network, known as “deeberiroz” on X (formerly Twitter), quickly identified that a maximal extractable value (MEV) bot capitalized on this misconfiguration. The bot efficiently drained tokens from Coinbase’s fee receiver account, demonstrating the speed and precision with which these automated entities operate in the decentralized finance (DeFi) space. Understanding the MEV Bot Exploit and Its Impact Many people wonder, “What exactly is an MEV bot exploit ?” In simple terms, MEV bots are automated programs that look for profitable opportunities on blockchain networks by reordering, inserting, or censoring transactions within a block. In this case, the bot detected the misconfigured approval on the 0x swapper contract and swiftly executed transactions to extract the available tokens. This rapid response is a hallmark of an MEV bot exploit, showcasing their ability to react instantly to on-chain vulnerabilities. This event serves as a prime example of a decentralized exchange incident , even though it involved Coinbase’s corporate DEX wallet. It underscores the inherent complexities and potential pitfalls in managing interactions with various smart contracts across different protocols. While the incident was contained, it offered a glimpse into the sophisticated methods employed by automated agents to capitalize on network inefficiencies or configuration errors. Was Customer Wallet Security Compromised? Perhaps the most crucial question for many users is regarding the safety of their funds. Coinbase Chief Security Officer Philip Martin promptly addressed these concerns, confirming that the incident was entirely isolated. He emphasized that the loss was limited to a corporate decentralized exchange (DEX) wallet, meaning customer funds were not impacted . This assurance is vital for maintaining user trust in the platform’s ability to protect assets. Martin also detailed the swift resolution actions taken by Coinbase. These included: Revoking allowances: Immediately removing the problematic approvals granted to the 0x swapper contract. Moving assets: Transferring remaining assets from the compromised corporate wallet to a new, secure wallet. These decisive steps were critical in containing the breach and preventing further losses, showcasing effective wallet security protocols in action post-incident. Crucial Lessons for Enhancing Crypto Security The Coinbase incident, while contained, provides valuable lessons for the broader cryptocurrency ecosystem regarding crypto security . It highlights several key areas where projects and users alike must remain vigilant: Rigorous Smart Contract Audits: Before deployment or interaction, all smart contracts, especially those handling approvals or funds, must undergo thorough and independent security audits. Careful Approval Management: Users and platforms should regularly review and revoke unnecessary token allowances granted to smart contracts. This minimizes the attack surface. Proactive Monitoring: Continuous, real-time monitoring of blockchain transactions and contract interactions can help detect and respond to unusual activity quickly. Understanding DeFi Risks: Engaging with decentralized protocols requires a deep understanding of their unique risks, including potential interactions with MEV bots and smart contract vulnerabilities. This event reinforces the idea that even the most established entities are not immune to the complexities of decentralized technology. These lessons are vital for enhancing overall crypto security within the industry. It serves as a reminder that vigilance and continuous improvement in security practices are paramount for everyone involved in the crypto space. In conclusion, the Coinbase incident involving a misconfigured Coinbase smart contract approval led to a $300,000 loss from a corporate wallet. However, prompt action ensured customer funds remained safe. This event underscores the ever-present need for robust crypto security measures, meticulous smart contract management, and a keen awareness of automated exploits like the MEV bot exploit in the evolving world of decentralized finance. It’s a testament to the resilience of the ecosystem when such a decentralized exchange incident is swiftly contained, reinforcing the importance of continuous vigilance for all aspects of wallet security . Frequently Asked Questions (FAQs) Q1: What was the cause of Coinbase’s $300,000 loss? A1: Coinbase incurred a $300,000 loss due to a misconfigured smart contract approval, which mistakenly allowed transfers to the 0x Project’s “swapper” contract, a contract not designed for such approvals. Q2: Were Coinbase customer funds affected by this incident? A2: No, Coinbase Chief Security Officer Philip Martin confirmed that the incident was isolated to a corporate decentralized exchange (DEX) wallet and did not impact customer funds. Q3: What is an MEV bot exploit? A3: An MEV (Maximal Extractable Value) bot exploit occurs when automated programs detect and capitalize on profitable opportunities on blockchain networks, such as misconfigured smart contract approvals, by quickly executing transactions to extract value. Q4: How did Coinbase resolve the smart contract issue? A4: Coinbase resolved the issue by promptly revoking the problematic allowances granted to the 0x swapper contract and moving the affected assets from the compromised corporate wallet to a new, secure wallet. Q5: What lessons can be learned from this Coinbase incident for crypto security? A5: Key lessons include the importance of rigorous smart contract audits, careful management of token approvals, proactive blockchain monitoring, and a thorough understanding of DeFi risks to enhance overall crypto security. If you found this article insightful, consider sharing it with your network! Help us spread awareness about important crypto security lessons by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance security trends . This post Coinbase Smart Contract Blunder: A $300K Loss and Crucial Security Lessons first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp. The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of $123,300. BTC has added almost 8% over the past week, partly driven by easing global trade tariff tensions and US CPI (core inflation) remaining high, which increases the odds of a September rate cut. Bitcoin Flips Google The move pushed Bitcoin’s market capitalization to $2.46 trillion, which enabled the asset to flip Google (Alphabet) for the metric, becoming the world’s fifth-largest asset. $BTC is now the 5th largest asset in the world by market cap, surpassing Google. $BTC – 2.456T $GOOG – 2.450T pic.twitter.com/THBXQsiXBR — CoinGecko (@coingecko) August 14, 2025 Analyst ‘Rekt Capital’ said that the $126,000 level “will be the pivotal price point going forward,” as a convincing break will send the asset much higher. Venture capitalist Chris Burniske predicted an October top for Bitcoin, stating, “if I were to pick numbers, which we all know is a grade above guessing, I’d say BTC to 142,690.” He also made some bold predictions for Ether to reach $6,900 to $8,000 and for Solana to hit $420 this cycle. “The crazier prices get in August/September/October, the more conviction I’ll have in an October top. If we pull back hard soon and get more muted, then perhaps we can extend this bull [market] for longer.” “The record highs we’re seeing in Bitcoin and Ethereum are being fueled by an unprecedented wave of institutional capital,” said Rachael Lucas, crypto analyst at BTC Markets, who added: “Corporate treasuries are amplifying the supply squeeze. Public and private companies, along with sovereign entities, now control over 3.64 million BTC, worth roughly $447 billion, which is more than 17% of the total supply.” Ethereum Inches Close to ATH Ether also remains hot with a four-year high of $4,770 during the Thursday morning Asian session. This brought the asset to within 2.5% of its 2021 all-time high, and breaking it this week now seems inevitable. “Ethereum has reached its final major weekly resistance before new all-time highs,” said analyst ‘Rekt Capital’, who explained that the asset will need to turn $4,630 into new support to confirm the upside into price discovery. $ETH Ethereum has reached its final major Weekly resistance before new All Time Highs Ethereum will need to turn ~$4631 (black) into new support to confirm upside into Price Discovery The last time ETH was at these highs, price upside wicked beyond black for 3 weeks before… https://t.co/XkRUEmE5m4 pic.twitter.com/DweH51Q2jc — Rekt Capital (@rektcapital) August 13, 2025 Additionally, Bitcoin dominance has fallen below 60% which could signal the onset of altseason. The post Bitcoin Tops $124K in New Peak as Crypto Market Cap Hits ATH appeared first on CryptoPotato .
Thumzup Media Corporation has announced plans to dramatically expand its presence in the cryptocurrency sector following a $50 million funding round. The firm, which began as a social media marketing business, is now pivoting toward large-scale crypto mining and targeted blockchain investments. New Strategy and Investments The company revealed it will use part of the funding from its $10-per-share offering to develop “state-of-the-art cryptocurrency mining infrastructure.” It is currently engaging with mining technology providers to accelerate the buildout. Thumzup also confirmed it now holds 19.1 Bitcoin, having first entered the crypto market in early January. This move aligns with a trend among public companies seeking to bolster their share value through cryptocurrency holdings. Trump Family Connection A notable shareholder in Thumzup is Donald Trump Jr., who purchased 350,000 shares in July for nearly $3.3 million, according to regulatory filings. The purchase adds to the Trump family’s growing presence in the crypto space. Bitcoin Price Surge Thumzup’s expansion comes as Bitcoin hit an all-time high of $124,128 before slightly cooling to $123,683. Market optimism has traders eyeing a potential push above $125,000. Thumzup has also outlined plans to diversify its holdings to include Dogecoin, Litecoin, Solana, XRP, Ether, and USDC, with approval to hold up to $250 million in crypto. Stock Market Performance Shares in Thumzup rose 7.62% in after-hours trading on Wednesday to $10.87, recovering from earlier losses. The stock is up nearly 195% in 2025, with its latest all-time high of $15.46 recorded on August 8. However, it faced a sharp drop earlier in the week after announcing a preferred stock offering, which was later amended. Global Crypto Holdings Trend Other firms are also increasing their Bitcoin reserves despite the recent price surge. Sweden’s H100 Group recently bought 45.8 BTC, bringing its total to 809.1 BTC — the fourth-largest holding among European public companies. The move cements the ongoing trend of corporate Bitcoin accumulation, even at record-high prices.
Ethereum’s future will be dominated by AI agents leveraging a dormant web standard, HTTP 402, and EIP 3009, to make real-world payments in crypto without human input, two Coinbase devs said.
XRP price is moving higher above the $3.250 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is attempting to clear the $3.350 zone. The price is now trading above $3.250 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.350 zone. XRP Price Could Gain Bullish Momentum XRP price formed a base above the $3.150 level and started a fresh increase, like Bitcoin and Ethereum . The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.280 resistance. Moreover, there was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair. A high was formed at $3.350 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. The price is now trading above $3.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.3650 level. A clear move above the $3.3650 resistance might send the price toward the $3.40 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.480 in the near term. The next major hurdle for the bulls might be near the $3.50 zone. Another Pullback? If XRP fails to clear the $3.350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.290 level. The next major support is near the $3.200 level or the 61.8% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $3.150 support. The next major support sits near the $3.080 zone, where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.150. Major Resistance Levels – $3.350 and $3.450.
In July, U.S. tariff revenue soared over 300% to a record $29.6 billion, bringing the total raised since March to over $100 billion. Record Tariff Revenue vs. Widening Deficit In a stunning fiscal surge, U.S. tariff revenue skyrocketed by over 300% in July alone, reaching an unprecedented $29.6 billion in a single month. The record-breaking
Whales are making big moves again, quietly adding huge amounts of Ethereum, Avalanche, and Polkadot while retail traders watch from the sidelines. These are not small purchases — we’re talking about transactions worth hundreds of millions, hinting at serious confidence in what’s ahead for the altcoin market. Search interest in altcoins is also starting to climb, and the Altcoin Season Index shows more tokens outperforming Bitcoin. It feels like the early stages of something bigger taking shape. And while the big caps are getting the heavy buying, new names like MAGACOIN FINANCE are starting to catch attention for very different reasons. Whales Quietly Accumulate Ethereum, Avalanche, and Polkadot as Altseason Eyes Comeback Large holders are making bold moves while much of the market focuses on short-term price action. Ethereum, Avalanche, and Polkadot are all seeing heavy buying from deep-pocketed wallets, and it’s stirring speculation about the return of altseason. Ethereum has attracted the most attention, with a mysterious entity scooping up $1.34 billion worth of ETH — 312,052 tokens — in just eight days. The transactions were spread across ten newly created wallets, fueling theories about whether this is a single whale or coordinated institutional buying. Polkadot is also flashing signs of renewed interest. Throughout August 2025, steady accumulation has helped DOT climb from $3.65 to $3.80 — a 4% gain powered by institutional inflows. Its development activity remains among the highest in the industry, ranking 8th in core development with 72 commits and 2nd in ecosystem work with 4,337 commits. Avalanche has seen record-breaking on-chain engagement, hitting 7.3 million monthly active addresses in Q3, a clear sign of growing user adoption. Adding to that, over 4.7 million AVAX tokens have been permanently burned, tightening supply and introducing deflationary pressure. Altcoin Season Makes A Comeback The Altcoin Season Index, tracked by CoinMarketCap, has been fluctuating between 29 and 35 this month. On August 13, it hit 35 after recovering from a low of 29 just two days earlier. This means roughly 35 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days. Google Trends data shows growing searches for altcoin-related topics, hinting at a pickup in retail interest across multiple categories. If this momentum keeps building, Ethereum, Avalanche, and Polkadot could be positioned for sharp moves once the broader market shifts from Bitcoin dominance to altcoin outperformance. And just as the whales seem to be preparing for that moment, new players like MAGACOIN FINANCE are catching attention for different reasons. Countdown On — MAGACOIN FINANCE Allocations Selling Out While big names like Ethereum and Polkadot get the whale treatment, a separate race is playing out in the MAGACOIN FINANCE community. The project has entered a stage where allocations are disappearing faster than any previous round, sparking urgency among those watching from the sidelines. The pace of this sell-through is unlike anything seen in earlier stages. Each batch of available tokens is being claimed almost as soon as it’s released, with new buyers joining from both inside and outside the crypto space. Part of the rush comes from the belief that MAGACOIN FINANCE could benefit from an incoming altseason, where fresh projects often experience rapid growth. Another factor is its narrative as a rising alternative — a project with community appeal and timing that aligns with shifting market sentiment. For those looking beyond the established players, this speed of allocation sell-out is a clear signal that momentum is building. Final Call Before the Market Decides Whale moves are often a hint of what might come next, but they’re not the whole story. Ethereum’s billion-dollar accumulation, Avalanche’s steady demand, and Polkadot’s development strength show where the smart money is positioning ahead of a possible altseason. The Altcoin Season Index and rising retail search activity add fuel to the speculation. For those tracking smaller, faster-moving opportunities, MAGACOIN FINANCE is becoming part of the conversation. It’s not competing directly with Ethereum or Polkadot, but rather offering a different type of potential — one tied to timing, community, and speed of adoption. If the broader market shifts and altseason returns in force, projects like this could see amplified interest. 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: Whales Quietly Accumulate Ethereum, Avalanche, and Polkadot as Altseason Eyes Comeback