Bitcoin (BTC) and altcoins are experiencing significant volatility. Currently, Bitcoin has reached a new record high, reaching over $124,400. While BTC is hitting a new ATH, Ethereum (ETH) is on the verge of a new ATH. ETH reached $4,780 intraday, its highest level since the end of 2021. Analysts say the rise in Bitcoin is due to rising corporate demand and growing expectations that the Fed will cut interest rates in September. Bitcoin Could Reach $150,000! While the general rise in the market is expected to continue, IG market analyst Tony Sycamore said that the rise is supported by institutional demand and the Fed, as well as the Trump administration’s moves to facilitate cryptocurrency investment. “Technically, a sustained rally above $125,000 could push BTC to $150,000.” The rise may continue until the end of the year! Speaking to The Block, BTC Markets crypto analyst Rachael Lucas also noted that the rally is being fueled by the same catalysts. She added that she expects Bitcoin to maintain its upward momentum through the end of the year. Bitcoin prices are rising due to expanding demand for institutional and spot ETFs. I anticipate a sustained upward trend for the remainder of the year. The combination of supply shortages and strong structural demand will support further increases through the end of the year.” Lucas added that Bitcoin will maintain its upward momentum for the rest of the year, but will experience a period of consolidation in the $120,000 to $125,000 range. *This is not investment advice. Continue Reading: Bitcoin (BTC) Rebounds, New ATH Arrives! What to Expect from Bitcoin Price Next? Here's the Reason for the Rise and Analysts' Latest Predictions!
Crypto exchange Coinbase lost roughly $300,000 in token fees after a misconfigured interaction with decentralized exchange protocol 0x’s “swapper” contract allowed MEV bots to siphon funds from one of its corporate wallets. Coinbase’s chief security officer Philip Martin confirmed the mishap and called it an “an isolated issue” tied to a change in one of the exchange’s corporate DEX wallets. He stressed that no customer funds were affected, per an X post. Security researcher “deeberiroz” of Venn Network first flagged the exploit on Wednesday, saying Coinbase mistakenly approved tokens to the swapper contract — a permissionless tool designed for executing swaps but not intended to hold token allowances. That setup opened the door for opportunistic MEV bots, which immediately drained the wallet once approvals were live. MEV, or “maximal extractable value,” refers to the practice of front-running or reordering blockchain transactions to capture profits, or in this case, executing transfers before Coinbase could revoke access. “There appears to have been an MEV bot lurking in the dark, waiting for users to mistakenly approve to this contract — and then drain all their funds,” the researcher wrote on X. “Well, their dream came true thanks to Coinbase … They made a killing by draining the Coinbase fee receiver account of all the tokens they gathered.” Because the contract can be accessed by anyone, the bots were able to call it (a software term requesting services from another program) to transfer out the approved tokens directly to their own addresses. While $300,000 is immaterial for Coinbase, the breach shows how even leading exchanges are vulnerable to small but sophisticated forms of automated trading exploitation. MEV bots have long been a fixture in Ethereum and other blockchain ecosystems, profiting from token launches, NFT mints, and liquidity events by exploiting memepool visibility and transaction reordering. In this case, the bots simply waited for a high-value wallet — like Coinbase’s fee receiver — to mistakenly grant spending rights to an exposed contract, then executed the drain instantly.
An August 13 report by blockchain investigator ZachXBT has revealed how a North Korean hacking group used fake identities and freelance job platforms to secure crypto-related roles .
Ethereum is trading above $4,700, just 4% shy of its all-time high, as Bybit releases a report outlining its evolution and roadmap to 2035. The analysis predicts massive scaling, institutional adoption, and ETH’s rise as a benchmark yield asset. Ethereum’s Next Decade of Scaling and Institutional Adoption Projected by New Bybit Report Ethereum is closing
BitcoinWorld KAIA Listing Upbit Singapore: Exciting New Trading Opportunities Unveiled Today Get ready for a significant development in the crypto world! Upbit Singapore is making waves today with its official announcement: the KAIA listing Upbit Singapore is happening. Upbit Global shared this exciting news via its official X account, confirming the introduction of Kaia (KAIA) with a direct trading pair against the Singapore dollar (SGD). This move marks a crucial step for both the Kaia project and the broader regional cryptocurrency market. What is KAIA and Why is Upbit Singapore KAIA Significant? Kaia (KAIA) represents a promising new cryptocurrency project, aiming to innovate within the blockchain space. Its core purpose revolves around creating a robust and scalable ecosystem for decentralized applications and services. As with any new digital asset, gaining exposure on reputable exchanges is vital for its growth and adoption. The decision by Upbit Singapore to list KAIA brings several key benefits: Increased Visibility: A listing on a major exchange like Upbit significantly boosts KAIA’s profile among a wide base of potential investors and traders. Enhanced Liquidity: More trading activity typically leads to better price discovery and easier execution of trades, benefiting all participants. Accessibility: The listing opens the door for new users, particularly those in the Southeast Asian region, to easily acquire and trade KAIA. This development positions Upbit Singapore KAIA as a key pair to watch in the coming days, reflecting growing confidence in the Kaia project. The Power of the Upbit SGD Trading Pair One of the most impactful aspects of this announcement is the introduction of the Upbit SGD trading pair . This direct pairing against the Singapore dollar simplifies the process for Singaporean investors who wish to engage with KAIA. Historically, traders often needed to convert their fiat currency to a stablecoin (like USDT) before trading for cryptocurrencies. The direct SGD pair streamlines this, offering: Direct Fiat On-Ramp: Users can deposit SGD directly and buy KAIA without extra conversion steps. Reduced Fees: Eliminating an intermediate stablecoin trade can potentially save on transaction fees. Greater Convenience: It makes the entry point into the KAIA ecosystem much smoother and more intuitive for local users. This strategic move by Upbit Singapore highlights their commitment to serving the local market effectively, fostering greater adoption of the KAIA cryptocurrency . Navigating the Kaia Crypto Listing: What Traders Should Know The initial hours and days following a new Kaia crypto listing often see heightened trading activity and price volatility. Experienced traders typically monitor these periods closely for potential opportunities. However, new traders should approach with caution and ensure they understand the risks involved. Consider these actionable insights: Do Your Research: Understand Kaia’s whitepaper, its technology, and its roadmap before investing. Start Small: If you decide to trade, consider starting with a small amount to get a feel for the market dynamics. Risk Management: Never invest more than you can afford to lose, and consider setting stop-loss orders. The successful integration of KAIA into Upbit Singapore’s offerings could set a precedent for future listings and further solidify Singapore’s position as a leading crypto hub. A New Chapter for KAIA and Upbit Singapore The KAIA listing Upbit Singapore today marks an exciting new chapter for the Kaia project and for cryptocurrency traders. By offering a direct SGD trading pair, Upbit Singapore is enhancing accessibility and liquidity, which are crucial for the growth of any digital asset. This strategic move benefits both the exchange and the Kaia community, fostering a more robust and accessible trading environment. As the market adapts to this new listing, we anticipate increased interest and engagement around the Kaia cryptocurrency. Frequently Asked Questions (FAQs) Q1: What is Kaia (KAIA)? Kaia (KAIA) is a new cryptocurrency project designed to build a scalable and robust ecosystem for decentralized applications and services. Q2: Which exchange is listing KAIA today? Upbit Singapore is listing KAIA today, as announced by Upbit Global via its official X account. Q3: What trading pair will be available for KAIA on Upbit Singapore? Upbit Singapore will introduce a trading pair for KAIA against the Singapore dollar (SGD). Q4: Why is the Upbit SGD trading pair significant? The Upbit SGD trading pair allows Singaporean users to directly trade KAIA with their local fiat currency, simplifying the process, potentially reducing fees, and enhancing convenience. Q5: What should traders consider before trading the newly listed KAIA cryptocurrency? Traders should conduct thorough research on Kaia, understand the risks associated with new listings, and practice sound risk management strategies, such as starting with small amounts and setting stop-loss orders. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread the word about the exciting KAIA listing on Upbit Singapore! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency institutional adoption. This post KAIA Listing Upbit Singapore: Exciting New Trading Opportunities Unveiled Today first appeared on BitcoinWorld and is written by Editorial Team
The former social media marketing firm already holds 19.1 BTC, and is also exploring diversification into other digital assets with approval to hold up to $250 million in crypto. The move was announced as Bitcoin hit record highs above $124,000 and follows Donald Trump Jr.'s purchase of 350,000 shares in the company. Thumzup’s stock also gained 7.62% in after-hours trading. Thumzup Plans Major Crypto Push Thumzup Media Corporation, a former social media marketing firm that pivoted into cryptocurrency investing earlier this year, is ramping up its crypto ambitions after raising $50 million from investors. The company announced plans to expand its strategy to include large-scale cryptocurrency mining and targeted blockchain investments, with a portion of the new funding earmarked for building “state-of-the-art” mining infrastructure. Thumzup said it is in talks with mining technology providers to accelerate the rollout. Announcement from Thumzup The firm currently holds 19.1 Bitcoin, joining the growing list of publicly traded companies that have added cryptocurrencies to their balance sheets in a bid to boost shareholder value. Interestingly, Donald Trump Jr., son of US President Donald Trump, bought 350,000 shares in the company in early July, which was then worth about $3.3 million. Thumzup’s latest announcement was made as Bitcoin reached a new all-time high of $124,128 before easing to $123,683. Earlier this year, the company also revealed plans to diversify its holdings beyond Bitcoin into assets like Dogecoin, Litecoin, Solana, XRP, Ethereum, and USDC, with board approval to hold up to $250 million worth of crypto. Thumzum Media Corp share price over the past 24 hours (Source: Google Finance ) Shares in Thumzup rose 7.62% in after-hours trading to $10.87 on Wednesday, partially rebounding from a steep drop earlier in the week after the firm’s public offering announcement. The stock is still up nearly 194.5% year-to-date despite recent volatility.
Tron founder Justin Sun has filed a lawsuit in the US District Court for the District of Delaware, seeking to stop Bloomberg from publishing what he calls highly sensitive details of his cryptocurrency holdings. The blockchain entrepreneur says the disclosure would invade his privacy, and put him and his family at risk. In the complaint, Sun alleges Bloomberg approached him earlier this year to be included in its online Billionaires Index , a ranking of the world’s richest individuals. Crypto Holdings Meant to Be Shown Only as Lump Sum, Sun Claims Before agreeing, he says Bloomberg assured him that any asset information he provided would be kept “strictly confidential.” Moreover, this applied especially to his cryptocurrency holdings. He adds that it would be used only to verify his net worth. Source: Sun v. Bloomberg, L.P., 1:25-cv-01007 Sun, who founded Tron in 2017 and has substantial crypto and other assets, says he ultimately agreed based on these assurances. He provided detailed wallet and asset data through a secure channel with Bloomberg’s wealth verification team. His understanding, he claims, was that any reference to his crypto assets in his profile would be limited to a lump sum valuation. He adds that it would not include a breakdown by token type. Bloomberg declined to comment on the matter. Confidentiality Promises Allegedly Broken With Draft Profile Release According to the filing, multiple Bloomberg journalists reiterated this confidentiality in writing. They stated that the data would remain on internal systems and that it would be accessible only to select staff. They also confirmed it would be deleted after verification. Sun’s team also set explicit conditions in March. They stated the information was “for verification purposes only” and “must not be used for any other purpose, including reporting.” Further, the lawsuit says Bloomberg did not object to these terms. In late July, Sun’s team learned that a Bloomberg journalist was using figures from the confidential material for a separate article. Around the same time, Bloomberg provided a draft Billionaires Index profile that included what Sun describes as “numerous inaccuracies” and, critically, a detailed breakdown of his cryptocurrency holdings by type and amount. Detailed Crypto Data Could Help Trackers Link Wallets, Filing Claims Sun argued that such granular disclosure is unusual for Bloomberg’s index. Further, he said it goes beyond what is published for other crypto billionaires, such as Coinbase’s Brian Armstrong or Binance’s Changpeng Zhao. He adds that these details are not shared unless the individuals have already made them public. He claimed the planned publication would allow blockchain trackers to link his wallets. As a result, he believes this could make him a prime target for hackers and thieves. Moreover, he warns it could even expose him to potential physical attacks. The filing notes that public blockchain transparency makes it relatively easy to identify large wallets once the asset composition is known. It also cites past incidents where wealthy crypto holders faced kidnapping or extortion attempts. Further, it references Bloomberg’s own prior reporting on these risks. Sun Argues Asset Breakdown Could Have Lasting Consequences Beyond One Article Sun is suing on two counts, public disclosure of private facts and promissory estoppel. Moreover, he claims Bloomberg’s planned publication clearly breaches the promises that convinced him to share the data. He adds that the harm could be both financial and physical. This is because crypto transactions are irreversible, and attackers can quickly move stolen funds. The lawsuit seeks a temporary restraining order, as well as preliminary and permanent injunctions. These would block Bloomberg from publishing the breakdown. In addition, it requests reimbursement of legal costs. Further, Sun has demanded a jury trial. For Sun, whose public profile is closely tied to Tron and other ventures, the case is about more than media coverage. It touches on a core tension in crypto between the transparency of blockchain data and the personal security of high-value holders. Sun says revealing his detailed holdings could have consequences that extend well beyond a single news profile. The post Tron Founder Justin Sun Takes Bloomberg to Court to Block Crypto Asset Reveal appeared first on Cryptonews .
Price expectations for Ethereum (ETH) are rising rapidly. The 2025 price prediction on the Kalshi platform recently rose $2,140 to $6,140. This increase suggests strengthening investor optimism about the market. The ETH/USD pair is currently trading at $4,702, up around 29% on the week. A strong buying wave since mid-July has allowed the price to break above critical resistance levels around $3,800 and $4,200. This momentum has propelled Ethereum toward multi-year highs, putting the $6,000 target in the spotlight. Related News: Surprising Move: US President Trump's Son Sells His Shares in a Company That Owns 5 Major Altcoins According to Kalshi data, investors' Ethereum price expectations for the end of the year are shaped by the following possibilities: $4,750 or more: 99% probability $5,000 or more: 88% probability $5,250 or more: 76% probability $5,500 or more: 69% probability $5,750 or more: 63% probability $6,000 or more: 57% probability However, it's important to remember that cryptocurrency market balances can change rapidly, and that these probability data are only real-time. If a new price fluctuation occurs, these probabilities will completely change. *This is not investment advice. Continue Reading: What Will the Price of Ethereum (ETH) Be at the End of This Year? Here Are the Predictions
BitcoinWorld Bitcoin Price Drop: Understanding the Shocking Fall Below $123,000 The cryptocurrency world is abuzz following a significant development: Bitcoin has experienced a substantial Bitcoin price drop , falling below the $123,000 mark. According to recent market monitoring by Bitcoin World, BTC is currently trading at $122,994.01 on the Binance USDT market. This sudden decline has captured the attention of investors and analysts alike, prompting questions about its causes and potential implications for the broader cryptocurrency market . What Triggered This Significant Bitcoin Price Drop? When a digital asset like Bitcoin sees such a notable decline, it often signals a confluence of factors. While specific reasons for this particular Bitcoin price drop are still being fully assessed, several elements commonly influence market movements. These can include large sell-offs by major holders, shifts in global economic sentiment, or unexpected regulatory news. Market Sentiment: Investor confidence plays a crucial role. Negative news or a wave of profit-taking can quickly cascade. Macroeconomic Factors: Broader economic concerns, such as inflation data or interest rate changes, often influence investor appetite for risk assets like Bitcoin. Liquidation Events: Large-scale liquidations of leveraged positions can accelerate price declines, creating a domino effect. Navigating Crypto Market Volatility: A Deeper Dive The nature of the cryptocurrency market is inherently dynamic, characterized by rapid price swings. This latest event underscores the reality of crypto market volatility , a trait that both attracts and challenges investors. Unlike traditional markets, crypto can react intensely to news, rumors, and even social media trends. Understanding this volatility is critical for anyone participating in the digital asset space. While the potential for high returns exists, so does the risk of swift corrections. Seasoned investors often prepare for such scenarios by maintaining a diversified portfolio and avoiding over-leveraged positions. It is a constant reminder that the digital asset landscape demands careful observation and a measured approach. Re-evaluating Your BTC Price Prediction After the Fall For many, this significant fall below $123,000 prompts a re-evaluation of their existing BTC price prediction . Short-term traders might look for opportunities to enter or exit positions, while long-term holders often view such dips as potential accumulation phases. It is important not to make impulsive decisions based solely on immediate price action. Instead, consider the long-term fundamentals of Bitcoin. Is the underlying technology still robust? Is adoption continuing to grow? These questions are vital for any sound investment strategy. While the current price point is notable, historical data suggests Bitcoin has shown resilience over extended periods, often recovering from significant downturns. Essential Bitcoin Analysis for Prudent Investors In times of market flux, thorough Bitcoin analysis becomes more important than ever. This involves looking beyond just the price chart. Examine trading volumes, funding rates, and on-chain metrics to gain a comprehensive understanding of market health. Additionally, keeping an eye on global economic indicators and regulatory developments can provide valuable context. For those considering their next steps, here are some actionable insights: Do Your Own Research (DYOR): Never rely solely on headlines. Investigate the underlying reasons for market movements. Consider Dollar-Cost Averaging (DCA): Instead of a lump sum, invest a fixed amount regularly to average out your purchase price. Manage Risk: Only invest what you can afford to lose and set clear stop-loss limits if you are actively trading. Ultimately, a robust BTC price prediction is built on a foundation of continuous learning and adaptive strategies. The recent Bitcoin price drop below $123,000 serves as a powerful reminder of the inherent volatility within the cryptocurrency market . While such movements can be unsettling, they also provide valuable lessons and opportunities for those who approach them with informed strategies. Staying updated with accurate Bitcoin analysis and understanding the dynamics of crypto market volatility are key to navigating these exciting yet unpredictable waters. Remember, the journey in crypto is often about patience and conviction, not just short-term gains. Frequently Asked Questions (FAQs) 1. What exactly happened to Bitcoin’s price? Bitcoin’s price recently experienced a significant Bitcoin price drop , falling below the $123,000 mark. It was observed trading at $122,994.01 on the Binance USDT market, indicating a notable decline from previous levels. 2. Why did BTC fall below $123,000? The exact reasons are often complex, but common factors for a substantial Bitcoin price drop include large-scale selling by major investors, shifts in global economic sentiment, and broader concerns impacting the cryptocurrency market . Market monitoring suggests a combination of these elements likely contributed. 3. How does this impact the broader cryptocurrency market? As the largest cryptocurrency, Bitcoin’s movements often influence the entire cryptocurrency market . A significant Bitcoin price drop can lead to altcoins also experiencing declines, increasing overall crypto market volatility and impacting investor sentiment across the board. 4. What should investors do after a significant Bitcoin price drop? Investors should prioritize calm and conduct thorough Bitcoin analysis . Avoid panic selling. Consider reviewing your investment thesis, assessing your risk tolerance, and potentially employing strategies like dollar-cost averaging if you believe in Bitcoin’s long-term potential. Always do your own research. 5. Is this a good time for Bitcoin analysis? Yes, times of significant price movement are ideal for in-depth Bitcoin analysis . It allows investors to study market reactions, identify potential support and resistance levels, and refine their future BTC price prediction based on current data and evolving market conditions. 6. What is the long-term BTC price prediction after this event? While a short-term Bitcoin price drop can be concerning, many long-term BTC price prediction models remain optimistic, citing Bitcoin’s fixed supply, growing institutional adoption, and increasing utility. However, the long-term outlook always depends on various factors including global economic health and regulatory clarity. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to help them understand the latest developments in the cryptocurrency market ! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Drop: Understanding the Shocking Fall Below $123,000 first appeared on BitcoinWorld and is written by Editorial Team