Bitcoin price surged past $124,000 after Federal Reserve Chair Jerome Powell’s Jackson Hole remarks signaled potential rate cuts, then retraced as markets digested further comments and fresh economic data; volatility
In a joint corporate disclosure, AMTD IDEA Group (NYSE: AMTD; SGX: HKB), affiliate AMTD Digital Inc. and The Generation Essentials Group (TGE, NYSE: TGE) confirmed that cryptocurrency will be integrated
Tom Lee suggests Ethereum might surpass Bitcoin in market value. He draws parallels between Ethereum and the US leaving the gold standard in 1971. Continue Reading: Tom Lee Discusses Ethereum’s Potential to Surpass Bitcoin The post Tom Lee Discusses Ethereum’s Potential to Surpass Bitcoin appeared first on COINTURK NEWS .
In crypto, summers have a way of sticking. Remember “DeFi Summer” in 2020, when farmers turned yield into fortunes? Or “Solana Summer” in 2021, when the chain’s speed and low fees had everyone buzzing like it was the hottest beach party in town? Fast forward to now, and that heat seems to be cooling. Solana still shines, but the hype wave isn’t as wild as before. Instead, a new name is making the rounds on Crypto Twitter and Discords everywhere, “ Layer Brett Summer.” The meme-fueled Ethereum Layer 2 project is turning heads, wallets, and timelines, becoming the season’s unexpected star. Why Solana's summer tan is starting to fade For a while, Solana looked unstoppable, climbing the charts like it was heading for another beach party high. But the data now shows otherwise. Holder activity is slipping fast: mid-term holders dropped from 14.84% to 12.96%, and short-term holders fell by almost half. That’s a lot of wallets choosing to pack up and leave the party early. The charts aren’t helping either. Solana’s price action has carved out a double top around $206–$209, textbook bearish vibes. If $183 cracks, the next stops could be $175 or even $161. Add in SOPR showing weaker profit conviction, and suddenly Solana’s once-flashy rally looks more like a mirage than momentum. All this doesn’t mean Solana’s done, but the cool-down is real. And in crypto, when one summer ends, another begins. That’s why investors are already calling it “Layer Brett Summer” instead, chasing fresh heat in the Ethereum Layer 2 scene. Why Layer Brett summer is heating up fast In crypto, every season has its star. Remember when Polygon suddenly went from “that sidechain thing” to a must-have scaling solution? Or when Shiba Inu surprised everyone with staking utilities that kept holders hooked? That’s the kind of buzz now forming around Layer Brett ($LBRETT), except this time, it’s not just a meme, it’s a full-blown Layer 2 evolution. Ethereum’s Layer 2s are already on track to handle over $10 trillion a year by 2027, and the reason is simple: lower gas fees, faster speeds, and room to scale. Layer Brett rides this exact wave, offering near-instant transactions and dramatically cheaper costs while staying anchored to Ethereum’s security. Think of it as ETH’s fun, faster cousin who actually pays for the drinks. And the sweet part? $LBRETT isn’t just tradable, it’s stakable. With a few clicks on MetaMask or Trust Wallet, holders can lock in high-yield rewards. That’s why the crowd is calling it Layer Brett Summer. Staking just leveled up One reason Layer Brett ($LBRETT) is buzzing is its gamified staking. Instead of boring lock-ups, rewards feel interactive, like how StepN made walking a sport or how Blur turned NFT trading into a farming race. Add NFT integrations here, and suddenly staking isn’t just numbers on a screen, it’s like holding a BAYC that unlocks perks while also paying you. Tokenomics? Straightforward. With a hard cap of 10 billion tokens, no mystery minting, no hidden inflation, $LBRETT stays fully transparent and community-driven. That kind of simplicity reminds people of why SHIB’s community thrived, because everyone knew the rules of the game. And the cherry on top: no KYC hurdles, no middlemen. Pure self-custody. Think the freedom of MetaMask or Uniswap, but with NFTs, staking boosts, and rewards that make hodling fun again. The bottom line Crypto summers always have a headliner, and this year, it looks like Solana’s tan is fading while Layer Brett ($LBRETT) grabs the spotlight. Built on Ethereum Layer 2, it blends meme energy with real scaling power, fast, cheap, and secure. Add gamified staking, NFT perks, and transparent tokenomics, and you’ve got a recipe that feels fresh yet familiar, like when SHIB or Polygon had their breakout moments. Whether it’s the staking rewards or the no-KYC, self-custodial freedom, investors are already dubbing it “Layer Brett Summer”, and the buzz suggests this beach party is just getting started. Wish You Secured 100x Gains With PEPE? Secure Your LBRETT Tokens Today! Website: https://layerbrett.com Telegram: https://t.me/layerbrett X: (1) Layer Brett (@LayerBrett) / X Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
BitcoinWorld Massive Binance BTC Transfer: Unveiling the $240 Million Whale Move A significant event recently captured the attention of the crypto world: a massive Binance BTC transfer . Blockchain tracking service Whale Alert reported a substantial movement of 2,074 Bitcoin from the leading exchange Binance to an unidentified wallet. This single transaction, valued at approximately $240 million, has naturally sparked considerable discussion and speculation among investors and market watchers. Such large movements often signal important shifts or strategies within the cryptocurrency landscape, prompting us to delve deeper into its potential implications. What Just Happened: The Massive Binance BTC Transfer? On [Insert Date, if known, or simply state ‘recently’], the crypto community observed a colossal Binance BTC transfer . Whale Alert, a prominent service known for monitoring large cryptocurrency transactions, flagged the movement of 2,074 BTC. This significant sum originated from Binance, one of the world’s largest cryptocurrency exchanges, and was directed to a wallet address that remains unknown to the public. The sheer scale of this transaction, translating to roughly $240 million, immediately raises questions about its purpose and the identity of the recipient. Transaction Volume: 2,074 BTC Origin: Binance Exchange Destination: Unknown Wallet Estimated Value: Approximately $240 Million USD These large-scale transfers are often referred to as ‘whale movements’ because they involve individuals or entities holding vast amounts of cryptocurrency, capable of influencing market dynamics. Why Does a Whale Alert Binance BTC Transfer Matter? Understanding why a Binance BTC transfer of this magnitude garners so much attention is crucial. Whale movements are significant indicators in the cryptocurrency market for several reasons: Market Sentiment: Large transfers can create ripples, influencing investor confidence and market sentiment. A transfer to an unknown wallet might suggest a long-term hold or preparation for a large trade. Potential Volatility: While this specific transfer went to an unknown wallet, large movements can sometimes precede significant sell-offs or buy-ins, leading to price volatility. Strategic Insight: These transactions offer a glimpse into the strategies of major holders. Are they accumulating, rebalancing portfolios, or preparing for new ventures? The opaque nature of an ‘unknown wallet’ adds an extra layer of intrigue, prompting analysts to speculate on the underlying intentions behind such a substantial move. Unveiling the Unknown: Implications of This Binance BTC Transfer When a substantial Binance BTC transfer lands in an ‘unknown wallet,’ it leaves a trail of possibilities rather than definitive answers. However, we can explore several plausible scenarios for such a destination: Cold Storage: A common practice for large holders is to move assets from an exchange to a secure offline wallet (cold storage) for enhanced security, indicating a long-term holding strategy rather than immediate trading. Over-the-Counter (OTC) Desk: The BTC might be destined for an OTC desk, where large trades are executed privately to avoid impacting exchange order books. This often involves institutional investors or high-net-worth individuals. Institutional Investor: A new institutional player might be entering the market, acquiring a significant Bitcoin position for their portfolio. Exchange Rebalancing: Sometimes, exchanges themselves move funds between their own hot and cold wallets for security or operational purposes, though this is less common for ‘unknown’ public addresses. Without direct confirmation, pinpointing the exact reason remains challenging, but these are the most common interpretations within the crypto community. What Are the Potential Market Impacts of This Massive Binance BTC Transfer? While a single Binance BTC transfer doesn’t dictate the entire market, its size warrants consideration for potential impacts. Investors often react to such whale movements, leading to: Increased Scrutiny: The market will likely watch Bitcoin’s price action more closely for any follow-up moves from this address or related entities. Shifting Sentiment: If the market perceives this as a long-term hold, it could be seen as a bullish signal, indicating confidence in Bitcoin’s future value. Conversely, if it’s feared to be preparation for a large sale, it might induce caution. Liquidity Considerations: While the funds are off the exchange, they are temporarily out of the active trading supply, which could theoretically affect liquidity, although Bitcoin’s overall market depth is vast. For individuals, staying informed about such transfers and understanding their potential implications can help in making more informed decisions. This substantial Binance BTC transfer underscores the dynamic and often mysterious nature of the cryptocurrency market. While the immediate impact on Bitcoin’s price might not be drastic, the move highlights the ongoing activity of large holders and the importance of monitoring blockchain data. It serves as a reminder that behind the charts and price fluctuations, significant players are continually making strategic decisions that shape the future of digital assets. Keep an eye on further developments, as the story of this $240 million transfer continues to unfold. Frequently Asked Questions (FAQs) Q1: What is Whale Alert? A1: Whale Alert is a popular blockchain tracking service that monitors and reports large cryptocurrency transactions across various networks, providing transparency into significant movements by ‘whales.’ Q2: Why is a Binance BTC transfer to an unknown wallet significant? A2: A large Binance BTC transfer to an unknown wallet is significant because it suggests a major strategic move by a large holder, potentially signaling a shift in investment strategy, cold storage, or an OTC deal, which can influence market sentiment. Q3: Does this transfer mean Bitcoin’s price will go up or down? A3: Not necessarily. While large transfers can influence sentiment, a single Binance BTC transfer doesn’t guarantee a specific price movement. It depends on the market’s interpretation of the whale’s intentions and subsequent actions. Q4: How can I track such large transactions myself? A4: You can follow services like Whale Alert on social media or use blockchain explorers for Bitcoin (like Blockchain.com or Blockchair) to track transactions by known addresses, though identifying the owner of an ‘unknown wallet’ is generally impossible. Q5: Is it safe to keep my BTC on an exchange like Binance? A5: While exchanges like Binance implement robust security measures, transferring large amounts of BTC to a personal cold storage wallet is generally considered safer for long-term holding to mitigate exchange-specific risks. Did this intriguing Binance BTC transfer spark your interest? Share this article with your friends and fellow crypto enthusiasts on social media to keep the conversation going! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Massive Binance BTC Transfer: Unveiling the $240 Million Whale Move first appeared on BitcoinWorld and is written by Editorial Team
As we near the end of Q3, ADA price action is one of the most closely watched charts in the crypto market. Cardano price predictions from different analysts point to ADA price peaking at $150. However, some analysts believe ADA may have passed its peak, and prefer investing in Remittix (RTX), which is termed the 100x altcoin of 2025. Which is the better investment option? Cardano price prediction offering modest gains or Remittix predictions of a 100x? Cardano Price Prediction: Is $150 Feasible? While many analysts are optimistic about the $150 Cardano price prediction, some feel otherwise. Technically, ADA price has broken through the ceiling of a falling trend channel in the medium term. This indicates a slower falling rate initially, or the start of a more horizontal development. ADA has given a positive signal from the double bottom formation by breaking through the resistance at $0.84. A further rise to $1.13 or more is signaled. The currency is testing support at $0.84. This could give a positive reaction, but a downward breakthrough at $0.84 means a negative signal. The RSI curve shows a rising trend, which could also be an early signal of the start of a rising trend for the price. Cardano’s roadmap progress and scheduled upgrade are gaining traction. ADA’s price action has shown building momentum and gradual accumulation by whales. A few hours ago, Whales_alert reported that 59 million ADA tokens worth over 50 million were transferred from Bitstamp to an unknown wallet. That massive transfer indicates a likely whale or institutional accumulation. Source: Whale_alert via X. ADA is bullish for supply dynamics, as immediate sell pressure drops when funds move off-exchange. Remember, ADA is an established token with a market cap of $26 billion, which makes it less likely to deliver massive gains. Investors looking for a higher upside are exploring smaller-cap altcoins like Remittix with real-world utility. Remittix (RTX), The Long-term Bet For Utility Investors Remittix is an Ethereum-based PayFi solution that facilitates cross-border crypto-to-fiat transactions. It allows users to send crypto directly to bank accounts in over 30 countries and supports 40+ cryptocurrencies. Remittix is positioned to solve a global $19 trillion payment challenge. It is utility-driven, bridging the gap between traditional payment and cryptocurrency. Remittix Highlights: Seamless, fast, secure, and zero charges on every transaction Liquidity and team tokens are locked for three years, and contracts are CertiK-audited. Mass-market appeal beyond the crypto crowd, Ideal for freelancers, remitters, and global earners. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Following a dovish signal from the Federal Reserve at the Jackson Hole symposium, digital asset markets advanced as risk appetite increased. Asset managers now project upside for Bitcoin, Ethereum and
China Renaissance Holdings Limited has signed a strategic memorandum of understanding with Yzi Labs Management Ltd to accelerate the adoption of BNB and expand the BNB Chain ecosystem. Strategic Partnership Formed China Renaissance Holdings Limited has signed a memorandum of understanding (MoU) with Yzi Labs Management Ltd aimed at accelerating the adoption of BNB and
A new cryptocurrency linked to music icon Kanye West drew heavy attention from traders on Wednesday night after its launch on Solana. Bubblemaps data showed that the very first purchase came from a well-known trader with the name “Naseem.” Blockchain data shows that the trader spent $250k worth of USDC to grab $1.2 million worth of YZY. Solscan data shows YZY token’s first buy. According to Bubblemaps, this is the same trader who once turned a million dollars investment in Donald Trump’s TRUMP token into $100 million in profit. The firm described him as a crypto trader who specializes in sniping. The trader managed to snipe the coin despite the fact that the YZY project claimed to have protections in place to prevent such moves. The YZY website explained that the token launch was designed with an “anti-sniping system.” It said 25 different contract addresses had been created, and one was randomly chosen as the official YZY token to make it harder for automated traders to grab early buys. Blockchain data showed that as many as 50 look-alike wallets were also set up by the team, some of which saw minor attempts from traders trying to guess the real one. Despite these efforts, experienced buyers still managed to work around the defenses. In one case, a user who appeared to have inside information mistakenly purchased the wrong contract, losing $710,000 in the process. They later recovered by buying the correct token. Another trader spent $24,000 in fees to push through a priority transaction and walked away with $3.4 million in profit. On-chain Lens, another blockchain tracking service, said an early investor briefly showed a $6 million gain at the token’s peak. Ye’s stance on memecoins shifted dramatically The launch was a surprise to some fans, since Ye had previously spoken against celebrity-backed coins. Back in February, he criticized such projects for preying on followers. But on Wednesday, he promoted the token with a video on X. By Thursday, he shared the official contract address and linked “Yeezy Money,” website describing it as “a new economy, built on chain.” The website stated that YZY would function as a currency inside a broader financial platform called YZY Money. Later, West himself appeared in a video confirming that the YZY token just dropped. Big traders have a lot of confidence in YZY YZY’s market value soared to $3 billion before tumbling back down to about $1 billion within 40 minutes of launching. Despite the volatility, several prominent figures in the crypto community jumped in. James Wynn , a prominent leverage trader said that he believed the coin’s liquidity and trading volume would attract large investors. He called his own entry into YZY a short term move, hoping to double or even quadruple his investment. He compared it to Trump’s token, which surged from $4 billion to $15 billion in just over a day. “Aped $YZY on a 60% pullback,” Wynn posted, noting the rapid gains he expected. Co-founder of BitMEX, Arthur Hayes also appeared to confirm that he had bought into the coin, sharing a post on X. Pls don’t rug me @kanyewest !!! $YZY for the win … cause bull market. Yachtzee pic.twitter.com/16ZruT8WqA — Arthur Hayes (@CryptoHayes) August 21, 2025 YZY’s debut adds to a growing list of celebrity-related memecoins that have surfaced this year. Earlier, Argentinian President Javier Milei stirred controversy when he backed the LIBRA coin, another high-profile example of political and celebrity figures tying their names to volatile crypto assets. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Bitcoin (BTC/USD) is back in the spotlight, trading above $116,000 as multiple global catalysts shape its future. US Federal Reserve Chair Jerome Powell’s rate cut hint has brought optimism, the Philippines is proposing a $1.1 billion Bitcoin reserve and Taiwan’s $72 million crypto crackdown has boosted regulatory trust. Together, these developments highlight the maturing role of Bitcoin in global finance—both as a hedge and a growth asset. With technical charts also pointing to a potential breakout, traders now eye the path toward $130,000 with renewed confidence. Taiwan’s $72M Crypto Laundering Case Boosts Market Trust Taiwanese prosecutors have charged 14 individuals in what they call the country’s largest crypto money laundering case, worth around $72 million. Led by Shi Qiren, the group used unregistered exchanges “CoinW” and “CoinThink Technology” to scam over 1,500 people. They deposited funds into machines, converted to foreign currency, bought USDT and then moved the money out. Taiwan prosecutors are investigating the largest-ever money laundering case involving a brick-and-mortar virtual currency exchange. Fourteen individuals, using the CoinW exchange, assisted a fraud ring in converting cash into virtual currency. Over the course of a year, they… — Wu Blockchain (@WuBlockchain) August 22, 2025 Authorities seized millions in cash, luxury cars, and Bitcoin holdings. Prosecutors are pushing for a $39 million asset seizure, while CoinW denied involvement. While the case exposed risks in loosely regulated markets, investors view the crackdown as a step toward stronger regulatory trust—likely supportive for Bitcoin in the long run. Powell’s Jackson Hole Signal Fuels Crypto Rally Federal Reserve Chair Jerome Powell reignited optimism during his Jackson Hole speech, hinting at an upcoming rate cut. He noted that shifting conditions may “call for adjusting policy,” leading markets to assign a 90% probability of a September reduction. A dovish speech by Powell, signaling interest rate cuts, has energized the crypto market. $BTC and $ETH saw an increase, with #Ethereum 's stronger performance relative to #Bitcoin drawing particular attention. pic.twitter.com/SJlN4LkgNm — Crypto Data Space (@cryptodataspace) August 22, 2025 Bitcoin surged from $112,000 to above $114,700 within minutes, with Ethereum jumping 7% to $4,600. Altcoins including Solana, Dogecoin, and XRP all posted 6%+ gains. Investors had sold heavily earlier in the week but Powell’s dovish comments turned sentiment around. Rate cuts have historically driven liquidity driven rallies across crypto and traders expect this to be no different. Philippines Eyes 10,000 BTC National Reserve Another major development came from Manila. Lawmakers in the Philippines have introduced a bill to create a 10,000 BTC strategic reserve worth $1.1 billion at current prices. The plan would see the Bangko Sentral ng Pilipinas purchase 2,000 BTC annually for five years, holding the coins in trust for 20 years. BREAKING: Philippine Congressman proposes a bill to create a national #Bitcoin reserve of 10,000 $BTC , aiming to bolster economic stability and hedge against debt. pic.twitter.com/wbxtnB43cn — Bitcoin.com News (@BTCTN) August 22, 2025 Representative Migz Villafuerte framed Bitcoin as “digital gold,” arguing it would strengthen financial security. If approved, the Philippines’ holdings would rival Bhutan’s 10,565 BTC and exceed El Salvador’s 6,276 BTC, a move seen as a strong bullish signal by traders betting on institutional adoption. Bitcoin Price Prediction – Technical Outlook The short-term Bitcoin price prediction seems neutral as BTC’s chart below is shaping into a battleground between buyers and sellers. After sliding into a descending channel in mid-August, BTC has bounced sharply from $112,000 support, reclaiming the 50-period EMA at $115,578. Price briefly tested $117,000, marking an attempt to break the channel’s upper boundary. Bitcoin Price Chart – Source: Tradingview A completed harmonic pattern between $124,450 and $105,150 underscores the recent swings. Candlestick action near support produced a bullish hammer, followed by green candles that could evolve into a three white soldiers formation if momentum sustains. RSI has recovered to 55, while MACD shows a bullish crossover with a widening histogram—both reinforcing a constructive outlook. If Bitcoin clears $117,000 and sustains above $119,000, upside targets emerge at $121,800 and $124,400. A breakout would likely push to $127,500 and possibly $130,000 in the coming months. On the downside $113,500 and $112,000 are key supports. BTC Potential Trade Setup A cautious entry above $116,200 with a stop under $112,000 aligns risk and reward. If confirmed BTC could rally to $124,400 and then $130,000 as bullish momentum builds into 2025. New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the Bitcoin ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation. By combining Bitcoin’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development. The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations. Momentum is building quickly. The presale has already crossed $11.3 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012775—but that figure will increase as the presale progresses. You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card. Click Here to Participate in the Presale The post Bitcoin Price Prediction: Powell’s Cut Signal, Philippines’ 10K BTC Plan, Taiwan Crackdown Drive Path to $130K appeared first on Cryptonews .