OKB is the native token of the OKX exchange, which surged nearly 160% following a major token burn of over 65 million tokens and upgrades to its blockchain ecosystem. OKB’s
TL;DR OKB tapped $135, its highest price ever, before pulling back 11% within the hour. One-time burn of 65M OKB reduced supply to 21M, fueling a rapid price surge and a record high. RSI at 94.73 shows strong buying pressure, while the Balance of Power reading favors bullish market control. Price Jumps on Token Burn and Upgrade OKB stole the show today after a massive triple-digit surge that drove it to a new all-time high of $135. This spectacular rally has materialized mostly in the past day as OKB’s weekly and monthly gains are similar to today’s surge. The total trading volume has risen to over $2.2 billion, according to CoinGecko data. Although OKB has retraced since its peak, it’s still 132% up daily and sits well above $100. Perhaps the most probable reason behind the token’s surge is OKX’s decision to burn more than 65 million OKB in a one-time event. After the burn, the total supply will stand at 21 million. OKX also announced an upgrade to X Layer, its zkEVM blockchain built with Polygon. The change, called the PP upgrade, adds new Polygon CDK features. Throughput will rise to 5,000 TPS, gas fees will drop, and Ethereum compatibility will improve. X Layer will link with OKX Wallet, OKX Exchange, and OKX Pay for features such as gasless withdrawals. Token Structure and Chain Changes OKTChain will be retired, and OKT trading will end on August 13, 2025. Remaining tokens will convert to OKB on August 15 using an average price. The chain will remain open for deposits until January 1, 2026. OKB stays as the native gas token for X Layer. The Ethereum L1 version will be phased out. Holders must bridge tokens to X Layer before L1 withdrawals are closed. Plans also include an ecosystem fund, liquidity rewards, and upgrades to bridges, oracles, and compliance systems. Technical Readings and Trader View RSI is at 95, which shows strong buying pressure and an overbought market. Such levels are uncommon but can last when moves are driven by news. The Balance of Power is 0.62, showing buyers have control. High readings like this often appear during periods of heavy accumulation. Source: TradingView Trader Efloud said, “Perhaps I am a market maker. I don’t know yet… we need to enjoy our profits.” He had earlier noted that a pullback into the $43.3–$42.4 range would have him watching for a bullish structure on lower timeframes. $OKB | Update Nothing much to say. Check quoted post, then check this one. My standards are high but this rise has surpassed even me. Perhaps I am a market maker. I don’t know yet. The only thing I know is that we need to enjoy our profits https://t.co/wBJIbafSqK pic.twitter.com/jMva60gVXR — Efloud (@EfloudTheSurfer) August 13, 2025 The post Massive Token Burn Sends OKB Skyrocketing 130% to New ATH appeared first on CryptoPotato .
A recent transfer of $61.3 million in XRP from Upbit, South Korea’s largest crypto exchange, has sparked speculation. However, this transaction involved internal wallet movements rather than an outflow of
BitcoinWorld Ethereum Price Forecast: Standard Chartered Predicts Astounding $25,000 ETH by 2028 The cryptocurrency world is buzzing with a significant update: Standard Chartered Bank has dramatically increased its Ethereum price forecast for late 2028. This isn’t just a minor adjustment; the projection has soared from an already substantial $7,500 to an astounding $25,000. This bold new ETH price prediction , initially reported by Walter Bloomberg on X, indicates a profound shift in institutional confidence regarding the future of Ethereum. Why the Astounding Ethereum Price Forecast? Standard Chartered is a global banking giant, and its insights often carry significant weight in financial circles. Their revised Ethereum price forecast isn’t based on speculation alone; it reflects a deeper analysis of Ethereum’s foundational strengths and its evolving role in the digital economy. This new target for 2028 suggests a belief in Ethereum’s continued dominance and growth. The previous forecast of $7,500 was already bullish, but the leap to $25,000 signals an even greater conviction. What factors could be driving such an optimistic outlook from a traditional financial institution like Standard Chartered Ethereum? Factors Fueling This Optimistic Standard Chartered Ethereum View Several key elements contribute to this revised ETH price prediction . Ethereum’s ecosystem continues to expand at an unprecedented rate, hosting the vast majority of decentralized applications (dApps), non-fungible tokens (NFTs), and decentralized finance (DeFi) protocols. The network’s ongoing technical upgrades are also crucial. Technological Advancements: Ethereum’s transition to Proof-of-Stake and subsequent upgrades like Dencun have significantly improved its efficiency, scalability, and security. These enhancements make the network more robust and attractive for developers and users alike. Growing Utility: Beyond DeFi and NFTs, Ethereum is increasingly vital for enterprise solutions, supply chain management, and digital identity. Its versatility drives demand and adoption. Institutional Adoption: More traditional financial players are exploring and integrating Ethereum-based solutions. This growing institutional interest solidifies its position as a legitimate and valuable digital asset investment . These developments collectively paint a picture of a maturing and expanding ecosystem, justifying a more bullish long-term perspective. Navigating the Broader Crypto Market Outlook While the Standard Chartered forecast is incredibly positive for Ethereum, it’s essential to consider the broader crypto market outlook . The cryptocurrency space is known for its volatility, and various macroeconomic factors, regulatory changes, and competitive pressures can influence prices. However, Ethereum often acts as a bellwether for the altcoin market. A strong Ethereum price forecast from a reputable institution can instill confidence across the entire digital asset landscape. It suggests that institutional money views cryptocurrencies, particularly Ethereum, as a viable long-term asset class, moving beyond speculative trading. Investors should always conduct their own research and understand the inherent risks. Market sentiment can shift rapidly, and while long-term predictions are valuable, short-term fluctuations are inevitable. Actionable Insights for Your Digital Asset Investment Strategy Given this remarkable ETH price prediction , what should investors consider? Here are some actionable insights: Long-Term Perspective: Standard Chartered’s forecast is for late 2028, emphasizing a long-term investment horizon. This suggests that short-term price movements might be less relevant for those aiming to capitalize on this growth. Diversification: While Ethereum is a strong contender, a balanced portfolio that includes other promising cryptocurrencies and traditional assets can mitigate risk. Stay Informed: Keep abreast of Ethereum’s technological roadmap, regulatory developments, and broader economic trends that could impact the crypto market outlook . Risk Management: Only invest what you can afford to lose. Volatility remains a characteristic of the crypto market. Understanding the fundamental drivers behind Ethereum’s value, alongside expert analysis like Standard Chartered’s, empowers more informed investment decisions. In conclusion, Standard Chartered’s astonishing Ethereum price forecast of $25,000 by late 2028 marks a significant milestone in the institutional acceptance and valuation of digital assets. This revised ETH price prediction is rooted in Ethereum’s robust ecosystem, continuous innovation, and increasing mainstream adoption. While the path to $25,000 may involve market fluctuations, this bold projection from a leading financial institution underscores the immense potential that lies ahead for Ethereum and the broader crypto market. Frequently Asked Questions (FAQs) What is Standard Chartered’s new Ethereum price forecast? Standard Chartered has raised its price forecast for Ethereum (ETH) to $25,000 by late 2028, a significant increase from its previous projection of $7,500. What factors are driving this optimistic ETH price prediction? The optimistic forecast is driven by Ethereum’s ongoing technological advancements, such as the transition to Proof-of-Stake and subsequent upgrades, its growing utility across DeFi and NFTs, and increasing institutional adoption as a viable digital asset investment . How reliable are long-term crypto price predictions like this? While forecasts from reputable institutions like Standard Chartered provide valuable insights and reflect deep analysis, the cryptocurrency market is highly volatile. Investors should consider these as informed projections, not guarantees, and always conduct their own due diligence. What does this mean for the overall crypto market outlook? A strong Ethereum price forecast from a major bank can positively influence the broader crypto market outlook , suggesting growing institutional confidence in digital assets as a legitimate and valuable asset class for long-term investment. What are the main risks associated with investing in Ethereum? Key risks include market volatility, potential regulatory changes, competition from other blockchain platforms, and technological vulnerabilities. Investors should be prepared for price fluctuations and only invest what they can afford to lose. If you found this article insightful, consider sharing it with your network! Help us spread the word about the latest developments in the crypto world by sharing on social media. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action . This post Ethereum Price Forecast: Standard Chartered Predicts Astounding $25,000 ETH by 2028 first appeared on BitcoinWorld and is written by Editorial Team
Cryptocurrency-focused investment and fund firm Pantera Capital announced that it has invested $300 million in crypto treasury companies (DAT). The company also announced that the returns of these companies will be better than cryptocurrency ETFs. Pantera partner Cosmo Jiang and content manager Erik Lowe stated in their published report that they have invested over $300 million to date in publicly traded DAT companies that hold cryptocurrencies on their balance sheets. Stating that DAT companies will offer higher returns, Pantera executives stated that BitMine Immersion, one of Pantera's most important shares, increased by 330% with the Ethereum (ETH) strategy and surpassed the initial performance of the Bitcoin bull Strategy. “DATs can generate returns that increase net asset value per share, resulting in greater underlying token ownership over time than simply holding spot. Therefore, owning a DAT may offer the potential for higher returns compared to holding tokens directly or through an ETF.” It was stated that Pantera's DAT portfolio includes eight cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Toncoin (TON), Hyperliquid (HYPE), Sui (SUI) and Ethena (ENA). These DAT companies include BitMine Immersion, Twenty One Capital, DeFi Development Corp, SharpLink Gaming, Satsuma Technology, Verb Technology Company, CEA Industries, and Mill City Ventures III. *This is not investment advice. Continue Reading: Pantera Capital Announces New $300 Million Investment! Includes Bitcoin, Ethereum, and 6 Altcoins! "No XRP!"
Fear of collapse in the crypto market is rising due to whale actions. Bitcoin and Ethereum face technical challenges as indicators suggest risk. Continue Reading: Cryptocurrency Market Faces New Challenges as Major Whales Act The post Cryptocurrency Market Faces New Challenges as Major Whales Act appeared first on COINTURK NEWS .