🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin’s SMA-120 crossing
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! $YALA listed on
The SEC-Ripple legal battle ended with mutual appeal withdrawals. XRP's price soared following the resolution of the legal dispute. Continue Reading: Ripple’s Legal Hurdle Ends and XRP Surges Amid New Prospects The post Ripple’s Legal Hurdle Ends and XRP Surges Amid New Prospects appeared first on COINTURK NEWS .
An SBI Holdings representative told Cointelegraph that the company has not filed any crypto-asset ETF applications.
El Salvador announced today in a post on X that it plans to introduce Bitcoin banking into its economy. The announcement builds on President Nayib Bukele’s Bitcoin-driven economic strategy. The plan remains unclear, and there are no details as of now. The post declared that ‘Bitcoin Banks are coming to Bitcoin country,’ suggesting that the country may roll out banking institutions specifically for Bitcoin operations. If implemented, this plan could reshape how El Salvadoran citizens access finance. El Salvador considers Bitcoin-only banking institutions El Salvador, known for adopting Bitcoin as legal tender, has not yet released details on the regulation frameworks surrounding the announcement of Bitcoin banks. As we wait for further announcements, it remains speculative that the proposed Bitcoin banks can offer deposits, lending, and financial investment instruments in BTC. 🇸🇻🚀 pic.twitter.com/DEGUKMmhfd — The Bitcoin Office (@bitcoinofficesv) August 8, 2025 The announcement builds on Nayib Bukele’s proposal to introduce a Bank for Private Investment (BPI) last year. Milena Mayorga, El Salvador’s Ambassador to the U.S., explained the BPI proposal as a model allowing banks in El Salvador to operate under minimal regulations compared to traditional banking. She added that the banks will have fewer restrictions when forming partnerships with international banks and more flexibility on loan amounts. Bukele’s original plan outlined that BPIs should have a minimum share capital of $50 million and at least two shareholders. The BPIs could register as digital asset managers and BTC service providers. The Technology, Tourism, and Investment Commission is still considering the BPI. Max Keiser, Senior Bitcoin advisor to Bukele, shared his thoughts that introducing Bitcoin into the banking sector would boost the country’s GDP. Cathie Wood , CEO of Ark Investment, forecasted that El Salvador would experience higher economic growth in the next five years following the plan to adopt the BPI. IMF challenges El Salvador’s Bitcoin narrative as it plans to form Bitcoin banks Some analysts noted that Bitcoin banks could expand financial inclusion in the Bitcoin country with a nearly 70% unbanked population. The analysts revealed that the BPI model could offer an alternate solution to traditional banking. They have also cited Bitcoin’s volatile nature and skepticism as key concerns over its integration into banking. IMF cautioned against cryptocurrency’s widespread adoption, noting crypto’s unstable nature and consumer protection as key concerns. El Salvador has been advancing its Bitcoin strategies since it adopted Bitcoin as legal tender in September 2021. The country launched a state-backed Chivo wallet that invested in Bitcoin reserves and bonds. It also introduced a geothermal-powered BTC mining project. Following the announcement today, it’s still unclear and speculative whether the plan will follow the BPI or adopt a new framework. The government of El Salvador is expected to deliver more details later on the plan. However, the message is clear now that the country is committed to doubling down on Bitcoin adoption. An IMF report revealed that El Salvador has maintained its promise not to buy more BTC under the $1.4 billion credit agreement. The IMF said the recent Bitcoin activity in the country’s wallet was a consolidation from the country’s different wallets and not a new purchase. The report counters the country’s remarks that those transfers were fresh buys, showing a questionable communication strategy from the state. El Salvador’s holdings touched a high of $767 million, while BTC hit an all-time high of 123k last month. If you're reading this, you’re already ahead. Stay there with our newsletter .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! BlackRock is expected
Binance Futures activity has reached a new record in August 2025 , signaling heightened trader interest in leveraged exposure to Bitcoin and Ethereum amid growing price uncertainty. As market conditions tighten and key technical levels come into play, futures traders are positioning for what could be the most volatile period of the quarter. Bitcoin futures are trading between $114,000–$115,800 , closely following a high-volume pullback driven by renewed macroeconomic fears, including rising U.S. tariffs and global inflationary pressure. At the same time, Ethereum continues to consolidate near $3,620 , following a powerful July rally. This surge in futures participation marks a growing shift from passive holding to active positioning—where timing, leverage, and short-term volatility are dominating strategy. Key Technical Levels Define Bitcoin’s Next Move Bitcoin’s recent dip below $116,000 brought the price back to fill a CME futures gap near $114,000 —a historically significant level. This move triggered the liquidation of over 158,000 leveraged positions , most of which were long bets taken during the late stages of Bitcoin’s July rally above $120,000. Traders are now eyeing $115,000 as a crucial support-turned-resistance level. If bulls can reclaim and maintain levels above $121,000 , analysts forecast a potential breakout toward $129,000–$133,000 . On the other hand, failure to hold support at $111,800 could lead to a broader pullback, possibly testing the $104,000 range. Funding rates have flipped negative, meaning short traders are paying longs. This setup may hint at a short-squeeze scenario—where a sharp price move upward forces shorts to close, adding upward momentum. Ethereum Price Prediction: Calm Before the Break? Alongside Bitcoin, Ethereum is experiencing narrowing volatility, consolidating in a tight range between $3,620–$3,631 . This follows a July surge that saw ETH approach $3,900 before cooling off. Technical indicators show Ethereum trading within a symmetrical triangle pattern. A breakout above resistance at $3,672–$3,700 could send ETH toward $3,740 or even higher. However, if it breaks down below $3,580 , a deeper correction could unfold. Institutional interest in Ethereum remains strong, as ETH continues to serve as a foundational asset for staking, DeFi, and tokenization. While other sectors like NFTs and meme coins show mixed performance, Ethereum is benefiting from its role as a utility-based, relatively stable digital asset. Sentiment around ETH is neutral to cautiously bullish , particularly as volatility compresses and broader altcoin markets remain subdued. Take Advantage of a Limited-Time 50% Bonus from MAGACOIN FINANCE As traders adapt to volatility and futures volume surges, early entry opportunities in emerging ecosystems are attracting renewed attention. Take advantage of a 50% EXTRA BONUS — Simply enter code EXTRA50X, available for a limited time. This limited-time bonus comes directly from MAGACOIN FINANCE , a rising meme-powered altcoin and decentralized political memecoin . MAGACOIN FINANCE is built around community governance and a firm anti-centralization ethos , drawing a growing user base that values ideological alignment as much as utility. This bonus offer is designed to reward early participation by increasing token allocation and encouraging long-term community growth. In a market environment where timing and conviction matter, this kind of early access may offer strategic advantage—especially in ecosystems grounded in culture and narrative. Analysts are beginning to compare MAGACOIN FINANCE to assets like SHIB and XRP , not just for its upside potential, but for its resonance with long-term, values-driven investors. Binance and CME Adapt to New Market Realities The growth in Binance Futures volume mirrors a broader evolution in crypto trading, where high-frequency strategies and risk-managed exposure dominate market behavior. Exchanges are rapidly rolling out new instruments to accommodate this trend. CME , for example, has introduced weekly and micro futures contracts that allow more precise risk management for institutional and retail participants alike. These tools are giving traders greater flexibility during periods of heightened volatility. Rather than holding through weekends or uncertain macro events, participants can now enter and exit positions with narrower time horizons and clearer entry/exit points. This evolution reflects the maturing landscape of crypto derivatives—a shift that prioritizes strategy, speed, and adaptability over simple buy-and-hold behavior. Final Take: Strategic Positioning Is Everything With Bitcoin and Ethereum hovering at key technical inflection points, and Binance Futures setting records, the crypto market is entering a phase where calculated positioning could define outcomes more than ever. High leverage, compressed volatility, and macroeconomic uncertainty are creating conditions where both rapid gains and sharp reversals are equally possible. At the same time, projects like MAGACOIN FINANCE are building narratives that go beyond price speculation—rooted in community, governance, and cultural resonance. As traders navigate a market full of signals, strategies, and setups, combining major assets with strong emerging stories may offer the most resilient path forward. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Binance Futures Hit Record High as Bitcoin, Ethereum Traders Brace for Volatility
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine the latest allegations about the status of El Salvador’s bitcoin purchases and how the Salvadoran government should clear the air regarding the subject. Latam Insights Encore: El Salvador’s Silence
The crypto market rose 3.29% over the last 24 hours, following huge institutional moves, policy shifts and massive inflows in ETFs, showing bullish momentum. The global cryptocurrency market cap on Friday is $3.86 trillion, per CoinMarketCap data . Renewed positive sentiment surrounds the crypto market, fueled by factors like institutional adoption and the recent Trump executive order regarding crypto in 401(k) plans. Crypto ETFs Inflows Are Big Market Drivers – Here’s Why Besides, the US Bitcoin and Ether exchange-traded funds (ETFs) have rebounded, marking another big day for crypto inflows. Spot Bitcoin ETFs, led by BlackRock’s IBIT, saw over $280.69 million in net inflows on August 7, according to Sosovalue data . BlackRock’s IBIT alone saw $156.64 million in net inflows, followed by Fidelity’s FBTC, which recorded $43.45 million inflows as of Thursday. Source: Sosovalue Additionally, Ether ETFs witnessed $222.34 million in net inflow on Thursday, led by BlackRock’s ETHA, recording $103.52 million. In total, more than $503 million was poured into BTC & ETH ETFs in a single day. US SPOT ETF FLOW – Aug 7 $BTC : +$280.69M net inflow (BlackRock $IBIT leads w/ +$156.64M) $ETH : +$222.34M net inflow (BlackRock $ETHA leads w/ +$103.52M) Total: Over $503M poured into $BTC & $ETH in a single day! pic.twitter.com/lvdj84Ft7Y — The Crypto Times (@CryptoTimes_io) August 8, 2025 “Inflows are back, regulators are moving, and altcoins are positioning for breakout. Keep faith in institutional flows and token-level triggers,” one user wrote on X . Regulatory Progress, Institutional Adoption Led to Bullish Impact Further, XRP climbed more than 13% on Friday, after the US SEC and Ripple agreed to dismiss appeals, ending their four-year legal battle. This means a reduced legal risk for XRP holders, boosting sentiments. XRP is trading around $3.34 at press time, with bulls anticipating that a break above the resistance level $3.40, could lead $3.70 mark. Additionally, Ethereum is up more than $3,900 on Friday, following a fresh institutional interest in ETH treasury. Analysts have predicted that a test of the $4,000 mark could be imminent. The price increase comes as SharpLink Gaming announced Thursday that it has secured $200 million in a direct offering led by four global institutional investors, which will be used to expand its Ethereum treasury. @SharpLinkGaming announces $200M direct offering at $19.50/share, led by 4 global institutional investors. #Ethereum #CryptoTreasury $SBET https://t.co/Lrz6hPJbCY — Cryptonews.com (@cryptonews) August 7, 2025 On the technical front, the total BTC futures open interest (OI) stands at 691,550 BTC, equivalent to $80 billion, according to Coinglass . CryptoQuant analyst Axel Adler Jr reported that the SMA-120 line has reversed upward, thus indicating a shift from a prolonged bearish trend since late July. “A similar attempt a week ago failed,” he wrote on X . Currently, the market has transitioned from aggressive short pressure phase to neutral-bullish.” The post Crypto Market Turns Green with Over $500M Inflows to BTC and ETH ETFs appeared first on Cryptonews .
The Ethereum price is increasing rapidly, and its upward trend is sending severe ripples across the crypto world. While ETH is accelerating towards $3,828.58 and a potential surge above $10K, analysts are closely watching to observe which altcoins stand to benefit the most. One such token that’s quietly generating buzz amidst so much hype is Remittix (RTX) — a newcomer DeFi utility token that’s gaining momentum as Ethereum’s rise signifies the start of yet another massive bull run. What The $10K Milestone For Ethereum Means For The Crypto Space Ethereum’s price has risen 5.44% in recent months, now trading higher than $3,828, with 21.66% higher trading volume at $33.16 billion. Its market cap of $462.22 billion reflects a bullish investor sentiment valuing Ethereum’s status as the top smart contract platform. When ETH explodes through $10,000, it will undoubtedly have a ripple effect on DeFi projects, cryptocurrency staking platforms, and other low cap crypto hidden gems based on or interoperable with Ethereum. When ETH stabilizes, focus shifts to future crypto initiatives offering scalability, low gas fees, and real-world utility. Remittix Could Benefit From Ethereum’s Bull Cycle In contrast to speculative meme tokens, Remittix is being established as a crypto with actual utility. Designed to address a significant problem in the blockchain universe — simple crypto-to-bank transfers — Remittix enables users to send assets such as ETH, BTC, and XRP into bank accounts in 30+ countries with a simple, intuitive interface. This Remittix DeFi token is one of the top crypto under $1, currently being sold at $0.0895 per token. Over 584 million tokens are already sold in its presale worth $18.3 million+ — making it one of the fastest growing crypto 2025 contenders. Now that the beta version of the Remittix Wallet is officially released for Q3 2025, the project has finally made the jump from concept to real working product. It handles 40+ cryptos, 30+ fiat currencies, and includes features like real-time FX conversion and low gas fee cryptocurrency payments. Remittix’s wallet launch will follow Ethereum expansion coincidentally — providing actual value during the period when ETH mania pulls in fresh liquidity. Fatigued users of centralized exchanges can turn to solutions like Remittix for smoother, faster, and more borderless transactions. Why Remittix Is One To Watch This Cycle As demand increases, the presale currently offers investors a 40% bonus, and there is a live $250,000 giveaway to entice early adopters. As Ethereum’s growth gains momentum, Remittix could be a next 100x crypto simply because it can do what other platforms can’t — deliver digital assets into action in the real world. Utility in Real Life: Send crypto directly into bank accounts within minutes Wallet Beta Launch Q3: Made mobile-first for everyday crypto payments $18.3Million+ Raised: Powerful support and growing traction 40% Bonus Tokens: Available to early adopters CertiK Audited: Long-term investment that is safe with trusted security As. Ethereum price approaches its next psychological level, it’s not just ETH that takes advantage. Remittix may be positioning itself behind the scenes as among the best crypto to invest in today, bridging the gap between DeFi and cross-border payments — one of the largest untapped use cases in crypto today. If you’ve been following Ethereum’s growth, perhaps it’s worth paying attention to the new altcoins that are building real solutions on top of it — and Remittix (RTX) definitely does. 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