Shiba Inu whales control a dominant share of SHIB supply: the top ten wallets hold roughly 62% of circulating tokens, giving whales outsized influence. Sustained accumulation above $0.000015 by these
The chipmaker has an 8.8% weighting in the S&P 500.
BitcoinWorld Kaia-based USDT: Oobit Revolutionizes Digital Payments The world of cryptocurrency payments is constantly evolving, always seeking faster, cheaper, and more efficient ways to transact. A significant step forward has just been announced, set to transform how we think about digital money. Oobit, a prominent cryptocurrency payment application, now proudly supports Kaia-based USDT , opening up exciting new possibilities for users globally. This pivotal integration means that Tether’s widely used stablecoin, USDT, can now leverage the high-performance Kaia network directly within the Oobit app. This development promises to streamline digital currency transactions, making them more accessible and user-friendly than ever before. What Does Kaia-based USDT Support Mean for You? Tether, the issuer of the world’s largest stablecoin, USDT, has confirmed this major integration. Their USDT stablecoin is now available on Oobit, specifically leveraging the Kaia network. This means users can now access Kaia-based USDT for their everyday payment needs. The Kaia network, previously known as Klaytn, stands out as a high-performance blockchain. It is celebrated for its exceptional speed and robust scalability. Integrating USDT onto this advanced network ensures that transactions can be processed with remarkable efficiency and reliability. For Oobit users, this translates directly into several compelling advantages: Faster Transactions: Experience near-instantaneous settlements for your digital payments. Lower Fees: Enjoy significantly reduced transaction costs compared to many other blockchain networks. Enhanced Accessibility: A broader range of users can now effortlessly leverage USDT for various payment scenarios. How Does Kaia-based USDT Enhance Oobit’s Payment Ecosystem? Oobit’s core mission is to make crypto payments not just possible, but genuinely accessible and incredibly user-friendly. By adding support for Kaia-based USDT , the platform significantly bolsters its underlying payment infrastructure. This move is far more than simply adding another token; it represents embracing a network specifically designed for high-throughput and efficient applications. This strategic integration empowers users to: Pay for goods and services globally using a stable, widely accepted digital asset. Send international remittances with greater speed and at a lower cost, benefiting both senders and recipients. Effectively bridge the gap between traditional financial systems and the innovative decentralized economy. The collaboration between Tether and Oobit, leveraging the Kaia network, highlights a crucial and growing trend within the cryptocurrency space: a strong focus on practical, real-world utility for digital assets. USDT, being firmly pegged to the US dollar, offers essential stability, which is a critical factor for reliable payments. The Future of Payments with Kaia-based USDT The addition of Kaia-based USDT to Oobit’s offerings is a powerful testament to the ongoing innovation driving the blockchain sector. It clearly signals a future where digital payments are not merely an alternative, but rather a preferred and primary method for countless individuals and businesses. This development significantly contributes to the broader adoption of stablecoins for daily transactions, moving them beyond speculation into practical use. As more platforms continue to integrate efficient stablecoin networks like Kaia, we can confidently anticipate: Increased merchant adoption of cryptocurrency payments, making them a common sight at checkouts. Further reduction in transaction friction, leading to smoother and more seamless financial interactions. Greater financial inclusion for unbanked and underbanked populations around the world. While challenges like achieving comprehensive regulatory clarity still persist, advancements such as this integration actively push the industry forward. They make digital currencies more robust, reliable, and ultimately, more practical for a wide array of use cases. This strategic move by Oobit and Tether is a clear and compelling indicator of significant progress in the digital payment landscape. Oobit’s new support for Kaia-based USDT marks an exciting and transformative chapter for digital payments. It promises a future characterized by faster, more affordable, and universally accessible transactions, bringing the long-held vision of seamless crypto usage much closer to reality. This strategic integration is a powerful step towards mainstream adoption, making crypto payments truly effortless for everyone. Frequently Asked Questions (FAQs) Q1: What exactly is Kaia-based USDT? A1: Kaia-based USDT refers to Tether’s USDT stablecoin operating on the Kaia network. Kaia is a high-performance blockchain designed for fast and scalable transactions, enhancing the efficiency of USDT payments. Q2: How does Oobit’s support for Kaia-based USDT benefit users? A2: Users benefit from faster transaction speeds, lower fees, and enhanced accessibility for their USDT payments. It makes sending and receiving money, or paying for goods and services, more efficient and cost-effective. Q3: Is Kaia a new blockchain network? A3: Kaia is the rebranded and upgraded version of the Klaytn blockchain network. It maintains its focus on enterprise-grade performance and ease of use for developers and users. Q4: What are the advantages of using stablecoins like USDT for payments? A4: Stablecoins like USDT are pegged to a stable asset, typically the US dollar, which minimizes price volatility. This stability makes them ideal for everyday transactions, remittances, and payments where price fluctuations would be undesirable. Q5: How can I start using Kaia-based USDT on Oobit? A5: If you are an Oobit user, you will likely see Kaia-based USDT as an available option for sending and receiving funds within the app. Ensure your Oobit application is updated to the latest version to access this new feature. If you found this article insightful, consider sharing it with your network! Help us spread the word about the exciting advancements in digital payments and how Kaia-based USDT is making a difference. Your share helps others stay informed about the evolving crypto landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency payments and their institutional adoption . This post Kaia-based USDT: Oobit Revolutionizes Digital Payments first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News on August 29 reported that Arkham‘s on‑chain monitoring identified four addresses—referred to as the Four Whales—that acquired approximately $3.572 billion of ETH over a two‑day span. Chain records
Cryptocurrency detective ZachXBT, who previously warned about Ripple co-founder Chris Larsen's large amount of XRP, continues his criticism of XRP. At this point, ZachXBT, who shared from the X account, made harsh statements about XRP and announced that he would no longer help the XRP community. Stating that XRP and its community do not add value to the industry, ZachXBT said that XRP holders primarily serve as a liquidity outlet for inside investors. ZachXBT targeted XRP holders for consistently hindering the potential for further price appreciation. ZachXBT, who is seen as the Sherlock Holmes of the cryptocurrency market, made it clear that he does not feel obligated to help them, added that his thoughts for XRP also apply to Cardano (ADA), PulseChain, Hedera (HBAR). “I'm not helping the XRP community right now and will make fun of anyone who DMs me. Ripple investors don't add any value to the industry. They simply provide exit liquidity to insiders. Therefore, XRP and its community are not worth supporting. The same goes for altcoins like Cardano, PulseChain, Hedera.” Ripple holders provide nothing of value to the industry except exit liquidity for insiders thus are not worth supporting (Likewise with Cardano, Pulsechain, Hedera, etc) — ZachXBT (@zachxbt) August 28, 2025 *This is not investment advice. Continue Reading: Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) Again! "Cardano (ADA) and These Two Altcoins Are the Same!"
Solana price is leading the top-10 crypto pack after a bullish reversal: SOL is trading near $214, up 3.53% in 24 hours and 16.37% across seven days, driven by technical
Cardano could be next in line for a spot ETF decision – with October now shaping up as a critical month for ADA’s price outlook . The SEC is expected to deliver its final ruling on a Cardano ETF proposal by late October, joining a growing list of altcoins under review. Earlier this month, the commission postponed decisions on Solana , XRP , and PENGU ETFs – setting up a high-stakes lineup of rulings that could ignite major price action across the market. CARDANO ETF: The SEC has delayed the decision on Grayscale's Cardano $ADA Trust ETF application. The new deadline is October 26, 2025, when the SEC must either approve or disapprove. pic.twitter.com/o2ha0l8V27 — Cardanians (CRDN) (@Cardanians_io) August 26, 2025 Unlike some of its competitors, Cardano has yet to gain exposure to traditional finance markets via a spot ETF , meaning a vast pool of institutional demand remains untapped. That could soon change. The timing also aligns with the expected passage of the CLARITY Act in the U.S. Senate this October – a bill aimed at providing long-awaited regulatory clarity for digital assets. TRILLIONS COULD FLOW INTO CRYPTO! With the CLARITY Act likely passing, Wall Street, banks & Fortune 500 firms will finally have the green light to dive into digital assets. Could this be the biggest crypto bull run in history? pic.twitter.com/c73GN4g8ye — Coin Bureau (@coinbureau) August 16, 2025 Adding fuel, Speculators anticipate up to four rate cuts before year-end, starting as soon as September, with the potential to stimulate new demand for risk assets like cryptocurrencies. Cardano Price Analysis: Huge Rally Weeks Away? With a potential parabolic setup going into the final quarter of the year, Cardano stands to realise the full breakout potential of a 9-month ascending triangle pattern. ADA / USDT 1-day chart, ascending channel breakout continues. Source: TradingView, Binance. Momentum indicators are starting to show reversal signs. The RSI has rebounded from the neutral line after a reversal, suggesting underlying strength. More so, the MACD line is starting to level off below the signal line, often an early indication of a new bullish move, particularly as $0.835 holds as support. As risk appetite returns in anticipation of a September rate cut, the Cardano price could continue the breakout path to reclaim $1 and push to its late-2024 high around $1.35. Fully realised, the pattern sets a potential $2 target for a 130% gain from current prices. With this level as support, if new demand catalysts come in October, the Cardano price could push much higher. Fresh TradFi demand through potential 401(k) inclusion and spot ETF approval could see new price discovery, with the $5 milestone in focus . There Are Bigger Setups than Cardano – Here’s How to Find Them The altcoin market is pumping right now, and those who back the wrong horse are missing out on substantial gains as fresh retail liquidity floods in. While the ADA price stands to see a 3x, low-cap meme coins are printing 10-1000x opportunities. That’s where Snorter ($SNORT) steps in. Its purpose-built trading bot is engineered to spot early momentum, helping investors get in before the crowd, where the real gains are made. Snorter Bot is built for precision, with limit-order sniping to secure the best entry prices, MEV-resistant swaps that prevent other traders from cutting in line on your transactions, copy trading to replicate the moves of proven top performers, and rug-pull protection that flags suspicious tokens before you buy. Snorter Bot vs. other popular trading bots. Getting in early is only half the battle. Knowing exactly when to take profits can be the difference between a small win and a life-changing trade, and that’s where Snorter gives you the edge. The project is off to a strong start; $SNORT has already raised almost $3.5 million in its ongoing presale, likely driven by its high 129% APY on staking to rewards early investors. You can keep up with Snorter on X , Instagram , or join the presale on the Snorter website . Click Here to Participate in the Presale The post Cardano Price Prediction: SEC Postpones ETF Decision – ADA Could be Weeks Away From Huge Rally appeared first on Cryptonews .
Solana’s once-booming decentralized exchange (DEX) scene is now showing signs of exhaustion. Trader participation is collapsing as the meme coin frenzy that drove the network’s meteoric rise begins to sour. According to data from Dune Analytics, the number of daily active traders on Solana-based DEXs has plunged from a peak of 4.8 million earlier this year to just 900,000 in August, an 81% decline. Source: @ally/Dune Daily transaction counts have also nearly halved, falling from 45 million in July to 28.8 million this month. The downturn marks the fourth consecutive day that daily Solana DEX traders have remained below the one-million mark, reinforcing fears of a prolonged slump. Boom-to-Bust Cycle Cuts Solana’s Retail Traders by Millions The drop mirrors a broader cycle of boom and bust. Activity skyrocketed during the second half of 2024 as meme coins and experimental tokens captured retail attention, lifting weekly trader counts above 30 million by October 2024. But the rush proved unsustainable. By early 2025, inflows of new traders collapsed, leaving recurring users as the main drivers of activity. Since then, the market has stabilized at a lower baseline, with weekly traders ranging between 10 and 15 million. Source: @ally/Dune Solana’s retail base surged in late 2024 as meme coins like BONK and countless imitators drew millions of new users into its ecosystem. At its height, Solana recorded more than 8 million unique traders, according to Solflare community advocate Baer, who noted that number has since fallen by 87% to just over 1 million. “That’s a net negative of 7 million people who have left the Solana ecosystem entirely,” Baer said. Solanas unique # of traders peaked at 8M during the meme coin meta It’s now down 87% to only 1.08M traders That’s a net negative of 7M people who have left the Solana ecosystem entirely And tell me again why you’re bullish on SOL? pic.twitter.com/pfqzX8hFlN — Baer (@BaerEvo_) August 26, 2025 Token creation data shows just how unsustainable the meme coin mania has been. On Solana, contract creation surged throughout 2024, peaking in February 2025 with more than half a million new tokens deployed in a single month. However, activity slowed noticeably by August, indicating fatigue among developers and investors. Solana Token Frenzy Turns Into Bloodbath as Most New Meme Coins Vanish Within Hours Underlying these shifts is the rise of token creation platforms like PumpFun, which have become synonymous with Solana’s meme coin era. According to Dune data , in the past 24 hours alone, PumpFun saw 26,457 new tokens minted, more than 95% of all Solana token launches during that period. The next closest platforms, Sugar and Bags, recorded just 973 and 673, respectively, while smaller venues like Wavebreak barely registered any activity. Source: @adam_tehc/Dune Yet very few of these tokens endure. Out of PumpFun’s 26,457 tokens, only 246 managed to “graduate” beyond their initial launch stage, a survival rate of less than 1%. The vast majority of new tokens either collapsed in value or were abandoned within hours of creation. Source: @adam_tehc/Dune By contrast, Bags recorded 10 graduations out of 673 tokens, a higher relative retention rate, but still small in absolute terms. Most other platforms, including Moonshot, Believe, and Boop, saw no token progress at all. The result has been described as a bloodbath for retail participants, many of whom were lured into speculative meme coin launches only to face rapid losses. While the frenzy drove Solana’s daily activity to record highs in late 2024, the aftermath has been marked by dwindling engagement and shaken confidence. Additionally, Solana still leads all chains in DEX activity, ac cording to DeFiLlama . Over the past 24 hours, Solana recorded $4.6 billion in trading volume, edging out Ethereum’s $4.4 billion. Source: DeFiLlama The gap widens over 30 days, with Solana posting $358.9 billion compared to Ethereum’s $140.8 billion. BSC and Base followed with $59.2 billion and $53.1 billion, respectively, while Hyperliquid L1 logged $29.8 billion. Fraudulent ‘Celebrity Coins’ Drain Millions—Kanye, Ronaldo, Adele Among Latest Targets Hackers have escalated their targeting of celebrities to fuel fraudulent crypto schemes. In August, compromised Instagram accounts belonging to Adele, Future, Tyla, and even Michael Jackson’s estate were used to promote FREEBANDZ, a fake Solana token that later collapsed by 98%. A similar scam tied to a bogus “CR7” token falsely linked to Cristiano Ronaldo briefly hit a $143 million market cap before insiders drained its liquidity. The latest case involved Kanye West’s official YZY meme coin. West confirmed on Wednesday that his account had been hacked , triggering an 81% crash in the token’s value. The report shows 73.8% of wallets trading YZY lost money , with 51,862 wallets recording combined losses of $74.8 million. More than 1,000 wallets lost over $10,000 each. More than 70% of traders who bought into Kanye West’s Solana-based memecoin YZY ended up in the red, according to @bubblemaps . #KanyeWest #YZY https://t.co/E36PlmnPQo — Cryptonews.com (@cryptonews) August 28, 2025 By contrast, 18,333 wallets saw profits, though gains were heavily concentrated. Eleven addresses captured nearly 30% of total profits, worth $66.6 million. Most other winners made under $1,000. YZY, short for Yeezy Money, launched last Wednesday with a promotion from West’s official channels and website . Pitched as a financial empowerment project, the token shed 70% within hours, fueling claims of manipulation. Analytics platform Bubblemaps flagged suspicious trading patterns, including “sniping,” where bots grab large token allocations seconds after launch. The past week truly exposed the failures of our industry Despite our collective efforts as investigators, builders, and communities – the same names keep running the same scams The playbook is simple: Infiltrate big launches, get in early, and extract millions It’s happening… — Bubblemaps (@bubblemaps) August 27, 2025 The episode shows the risks in Solana’s ongoing meme coin boom, where quick pump-and-dump cycles continue to drain retail investors. Solana itself has held steady, trading at $212.85, up 4% in the past 24 hours and 15.5% over the week. The token remains 27% below its $293.31 all-time high. The post Solana Trader Count Plummets 81% as “Meme Coin Craze” Turns Toxic appeared first on Cryptonews .
Quick Highlights American Bitcoin to go public via merger with Gryphon Digital Mining. 98% of shares controlled by Hut 8, Eric Trump, and Donald Trump Jr. Company aims to become the “world’s largest Bitcoin miner.” American Bitcoin Prepares for Nasdaq Debut With Trump Brothers on Board American Bitcoin is preparing for a public listing on Nasdaq as early as September, according to a recent Reuters report. The move is being made possible through a merger with Gryphon Digital Mining, which Hut 8 CEO Asher Genuth says is now in its final stages. Instead of pursuing a traditional IPO, the company is opting for a merger that provides faster access to capital markets. Genuth explained that joining forces with an established firm gave them broader financing opportunities compared to going public on their own. Founded With High-Profile Backers The company was founded in March 2025 through a joint venture between Bitcoin miner Hut 8 and Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump. Under the agreement, the company will keep its name, American Bitcoin, and trade under the ticker symbol ABTC. Control of the venture will remain concentrated: Hut 8, Eric Trump, and Donald Trump Jr. will collectively hold 98% of the company’s shares. Prominent investors include Gemini exchange founders Tyler and Cameron Winklevoss, who also supported the project from its early days. Ambitions to Dominate Bitcoin Mining American Bitcoin first announced plans to merge with Gryphon in May. The company has since declared its intention to become the “world’s largest and most efficient pure Bitcoin miner.” Its strategy includes both mining Bitcoin and purchasing it on the market, depending on profitability. “We don’t stick to just one playbook,” Genuth noted. “Sometimes it’s more profitable to mine, sometimes to buy — we adapt to whatever gives the strongest returns.” Despite criticism from Donald Trump himself about possible conflicts of interest, the company maintains it has no ties to government agencies. Instead, Eric Trump is said to be focused on strategy, mining operations, new facility development, and treasury policy. With heavyweight investors, political family ties, and the goal of becoming the world’s largest Bitcoin miner, American Bitcoin’s Nasdaq debut promises to be one of the most closely watched crypto stories of 2025.
BitcoinWorld Bitcoin Wallets in Profit: An Unprecedented 55 Million Wallets Soar Are you a Bitcoin holder? If so, you’re likely feeling pretty good right now! The crypto world is buzzing with fantastic news: an unprecedented number of Bitcoin wallets in profit have reached a new all-time high. This significant milestone highlights a remarkable period for the leading cryptocurrency, signaling strong market health and growing investor confidence. What’s Driving This Surge in Bitcoin Wallets in Profit? Recent reports indicate that over 55 million Bitcoin wallets are now ‘in the black,’ meaning the current value of their holdings exceeds the price at which they were acquired. This isn’t just a fleeting moment; it reflects a broader trend of market resilience and growing investor confidence. The average holding period for these profitable wallets stands at an impressive 4.4 years, underscoring a long-term belief in Bitcoin’s value. Market Recovery: Bitcoin has seen a robust recovery from previous downturns, pushing many long-term holders into profitable territory. Increased Adoption: Growing institutional interest and mainstream acceptance continue to drive demand. Halving Anticipation: The upcoming Bitcoin halving events often create positive market sentiment, contributing to price appreciation. Why Does a Record Number of Profitable Bitcoin Wallets Matter? This surge in Bitcoin wallets in profit is more than just a statistic; it’s a powerful indicator of market health and investor sentiment. When a large portion of the network is profitable, it often signals strong underlying demand and reduced selling pressure. It means more individuals are seeing positive returns on their investments, which can further attract new capital into the ecosystem. Moreover, it validates the ‘Hodl’ strategy—the practice of holding Bitcoin for extended periods despite price fluctuations. The 4.4-year average holding period for these profitable wallets clearly demonstrates the rewards of patience and conviction in the asset’s long-term potential. This trend reinforces Bitcoin’s position as a viable long-term investment. What Are the Benefits for Bitcoin Holders? For existing Bitcoin holders, the benefits are clear. Seeing your Bitcoin wallets in profit provides financial validation and can lead to increased wealth. But beyond individual gains, this widespread profitability has broader implications for the entire crypto market. Increased Confidence: A profitable market encourages more people to invest, fostering a positive feedback loop. Network Stability: Long-term holders, who are now largely in profit, tend to be less volatile in their trading behavior, contributing to market stability. Innovation Fuel: Profits can be reinvested into the ecosystem, supporting the development of new applications and services built on Bitcoin. However, it’s also crucial to remember that market conditions can change. While the current outlook is bright, volatility remains an inherent characteristic of cryptocurrency markets. Always exercise caution and perform due diligence. Navigating the Future with Profitable Bitcoin Wallets With so many Bitcoin wallets in profit , what’s next? This record high suggests a maturing market, but smart investing always involves caution. For those new to Bitcoin or considering an investment, understanding market cycles and conducting thorough research is paramount. Always consider your personal financial situation and risk tolerance before making any investment decisions. The journey of Bitcoin has been marked by significant highs and lows, yet its fundamental strength continues to attract a global community. This latest milestone serves as a powerful testament to its enduring appeal and potential for wealth creation. Keep an eye on market trends and expert analysis to stay informed. The news that over 55 million Bitcoin wallets in profit have reached an all-time high is truly remarkable. It underscores Bitcoin’s resilience, the conviction of its long-term holders, and its growing importance in the global financial landscape. As Bitcoin continues to evolve, these milestones remind us of the transformative power of digital assets. This is a moment to celebrate the incredible journey of Bitcoin and its dedicated community. Frequently Asked Questions (FAQs) Q1: What does ‘Bitcoin wallets in profit’ mean? A: It means the current market value of the Bitcoin held in those wallets is higher than the price at which the Bitcoin was originally acquired. Q2: How many Bitcoin wallets are currently in profit? A: Over 55 million Bitcoin wallets are currently reported to be in profit, marking a record high. Q3: What is the average holding period for these profitable wallets? A: The average holding period for these profitable wallets is 4.4 years, indicating a long-term investment strategy. Q4: Does this record high mean Bitcoin’s price will keep rising? A: While a high number of Bitcoin wallets in profit is a positive indicator, it doesn’t guarantee future price movements. Cryptocurrency markets are volatile, and prices can fluctuate. Q5: Is it too late to invest in Bitcoin? A: Whether it’s ‘too late’ depends on individual financial goals and risk tolerance. It’s crucial to conduct thorough research and consider market dynamics before investing. Found this insight into Bitcoin wallets in profit fascinating? Share this article with your friends, family, and fellow crypto enthusiasts on social media to spread the word about Bitcoin’s incredible journey! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Wallets in Profit: An Unprecedented 55 Million Wallets Soar first appeared on BitcoinWorld and is written by Editorial Team