Crypto News
'No question Bitcoin hits $1M' — Eric Trump at BTC Asia 2025Cointelegraph, about 1 hour ago
Trump reiterated calls for $1 million Bitcoin but said the vast majority of market participants still don’t understand digital money.
Crypto Weekly Wrap: Over $280 Billion Wiped From Crypto Market, XRP Loses #3 Spot to USDTBitcoin.com, about 2 hours ago
![The crypto economy experienced a significant downturn, with total market capitalization dropping nearly 7% from $4.124 trillion to $3.842 trillion by Aug. 30. ETH, BTC, and XRP See Steep Drops The crypto economy closed the week on a downturn, with the total market capitalization plunging nearly 7% from $4.124 trillion to $3.842 trillion by Aug. […]](https://assets.coingecko.com/articles/images/3167428/large/open-uri20250830-7-8ce97g.?1756588901)
The crypto economy experienced a significant downturn, with total market capitalization dropping nearly 7% from $4.124 trillion to $3.842 trillion by Aug. 30. ETH, BTC, and XRP See Steep Drops The crypto economy closed the week on a downturn, with the total market capitalization plunging nearly 7% from $4.124 trillion to $3.842 trillion by Aug. […]
14 sentenced to life imprisonment in Indian bitcoin extortion case, including 11 police officersThe Block, about 2 hours ago
The kidnapping victim was himself charged with kidnapping and extortion related to a separate crypto ransom case.
Bitcoin Fortress: El Salvador Shields $678-M From Quantum ThreatBitcoinist, about 2 hours ago
![El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report The country transferred 6,274 BTC — roughly $678 million at current prices — out of a […]](https://assets.coingecko.com/articles/images/3167446/large/open-uri20250830-7-hn7etg.?1756591236)
El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records. Related Reading: Insider Trading Suspicions Mount As Crypto Treasuries Balloon – Report The country transferred 6,274 BTC — roughly $678 million at current prices — out of a […]
Crypto treasury firms mirror CDO risks from 2008 financial crisis: Crypto execCointelegraph, about 2 hours ago
Crypto treasury firms introduce several layers of risk to an asset class that inherently features reduced or no counterparty risk.
Eric Trump Highlights China's Influence on Crypto Industry, Calls It a 'Hell of a Power' in CryptoBenzinga, about 3 hours ago
Eric Trump praised the significant role of China in shaping the cryptocurrency industry on Friday.read more
Gavin Newsom Teases Meme Token Targeting TrumpBitcoin.com, about 3 hours ago
![California Gov. Gavin Newsom says he’s “about to put out” a satirical meme coin dubbed “Trump Corruption Coin,” a jab he floated during a podcast interview with journalist Kara Swisher as part of his broader online mockery attempts at President Donald Trump’s brand and crypto forays. Newsom Mulls Meme Coin Launch In the conversation, Newsom […]](https://assets.coingecko.com/articles/images/3167337/large/open-uri20250830-7-txzwj2.?1756584714)
California Gov. Gavin Newsom says he’s “about to put out” a satirical meme coin dubbed “Trump Corruption Coin,” a jab he floated during a podcast interview with journalist Kara Swisher as part of his broader online mockery attempts at President Donald Trump’s brand and crypto forays. Newsom Mulls Meme Coin Launch In the conversation, Newsom […]
Chainlink (LINK) Price Uptrend Likely To Reverse as Charts Hint at ExhaustionBeInCrypto, about 3 hours ago
Chainlink (LINK) has been one of the stronger performers in the market, rallying more than 109% over the past year. Even in the last three months alone, the LINK price has gained about 68.5%. But the past week has revealed weakness, with the token slipping more than 9%, and both on-chain metrics and technical charts now suggest the year-long uptrend may be losing steam, at least for now. Profit-Taking Pressures Mount As Holders Sit in Gains One of the clearest signs comes from the percentage of LINK supply in profit, which is still hovering at historically high levels. As of August 29, nearly 87.4% of the circulating supply is in profit, close to the recent peak of 97.5% seen on August 20. That peak coincided with the LINK price rally to $26.45, which quickly retraced by over 6% to $24.82 the following day. Chainlink Price And Supply In Profit: Glassnode A look further back shows the same pattern. On July 27, the supply in profit stood at 82.8%, just before LINK corrected from $19.23 to $15.65, making a 19% dip. The current reading near 87% is again uncomfortably high, hinting at elevated risks of profit-taking. LINK Capital Inflows Showing Bearish Signs: TradingView Additionally, the Chaikin Money Flow (CMF), which tracks capital inflows and outflows, has trended downward since August 22 and finally slipped below zero on August 29 for the first time since August 6. This shift into negative territory signals fading buying pressure and capital inflows, strengthening the case for a potential pullback. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Chainlink (LINK) Price Action Points To Bearish Exhaustion The daily chart reinforces this caution. The LINK price is currently trading at $23.31, sitting inside an ascending broadening wedge pattern — a structure often associated with loss of upward momentum near the end of a bullish phase. This “megaphone” like pattern is infamous to kickstarting bearish reversals, a risk that now looms over LINK. LINK Price Analysis: TradingView The key support to watch is $22.84. A decisive break below this level would expose the next downside target at $21.36, and falling beneath that could risk a deeper retracement. That could be anywhere in the 6% to 19% percent range, as experienced during the local “Supply In Profit” peaks. On the other hand, if the LINK price manages to reclaim $25.96, it may still attempt another move higher. But even such a recovery would not fully overturn the broader exhaustion signs unless the token can break convincingly above $27.88.
Historic Flip: Bitcoin ETFs On Pace To Surpass Gold ETFs In AUMBitcoinist, about 3 hours ago
![In the dynamic financial sector, Bitcoin ETFs are rapidly gaining ground against their gold counterparts, with inflows pushing total assets under management toward record highs. Bitcoin ETFs are set to overtake gold ETFs in total assets under management. Bitcoin ETFs Cement Role As Institutional Gateway To Crypto Bitcoin Exchange-Traded Funds (ETFs) are on the brink […]](https://assets.coingecko.com/articles/images/3167325/large/open-uri20250830-7-8yvjr5.?1756584075)
In the dynamic financial sector, Bitcoin ETFs are rapidly gaining ground against their gold counterparts, with inflows pushing total assets under management toward record highs. Bitcoin ETFs are set to overtake gold ETFs in total assets under management. Bitcoin ETFs Cement Role As Institutional Gateway To Crypto Bitcoin Exchange-Traded Funds (ETFs) are on the brink […]
Bitcoin Home Invasion Ringleader Gets More Prison Time for Beating WitnessDecrypt, about 4 hours ago
A Florida man sentenced to 47 years in prison for orchestrating a string of violent home invasions got extra time for attacking a witness.
SEC Receives Filing For XRP Option ETF From $12-B AmplifyBitcoinist, about 4 hours ago
![Based on an SEC filing, Amplify — an asset manager overseeing $12.6 billion — has submitted paperwork for an XRP Option Income ETF that it plans to list on the Cboe BZX Exchange and start trading in November. Related Reading: Crypto Cast As The Villain, But Banks Quietly Move Billions In Suspect Funds Rather than […]](https://assets.coingecko.com/articles/images/3167265/large/open-uri20250830-7-lcnsg0.?1756580483)
Based on an SEC filing, Amplify — an asset manager overseeing $12.6 billion — has submitted paperwork for an XRP Option Income ETF that it plans to list on the Cboe BZX Exchange and start trading in November. Related Reading: Crypto Cast As The Villain, But Banks Quietly Move Billions In Suspect Funds Rather than […]
Crypto Tumbles Hard: Google Search Trends Call Last Local Market TopNewsBTC, about 4 hours ago
The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to a new low of $107,850 at the start of the weekend. Unsurprisingly, the latest data shows that this latest price decline seen across the digital asset market could have been predicted. This conclusion is based on recent crypto activity on the world’s largest search engine, Google. Is The Crypto Bull Cycle Over? In an August 29 post on social media platform X, Alphractal founder and CEO Joao Wedson revealed that crypto-related searches on Google have surged to new highs in recent days. According to the on-chain data expert, this recent spike in Google searches suggests that Bitcoin and the broader crypto market might have reached a new local top. Related Reading: Bitcoin Price Plunge Sparks Outrage: Binance Targeted For Alleged Market Manipulation This revelation is based on the Google Trends chart, which allows investors to assess the social engagement of different crypto-related topics on the search engine. As shown in the chart below, the metric compares various subjects, including cryptocurrency, Bitcoin, altcoins, centralized exchanges, and data aggregation platforms. As observed in the highlighted chart, the Google Trends metric recently witnessed a significant surge, suggesting increased public attention across multiple crypto topics. According to Wedson, spikes of this kind have historically coincided with whales entering the market to sell while “everyone is obsessed.” Moreover, the cryptocurrency market has often shown in the past its tendency to move in the crowd’s opposite direction. These trends explain the price decline witnessed by most digital assets in the past few days, as the market has seemingly reached a new local top. Wedson, however, noted that other on-chain signals say that the latest euphoria-driven market downturn doesn’t necessarily spell the end of the current bull cycle. “Think back to BTC hitting $124K—euphoria peaked online, whales sold aggressively, and we went short,” the Alphractal founder added. Wedson then advised investors to exercise caution when euphoria hits the crypto market, as it could hint at the imminence of a local top. The crypto analyst said that a better strategy would be to smartly exit the market at a high price and reenter at a cheaper rate later. Total Crypto Market Cap At $3.7 Trillion As of this writing, the total crypto market capitalization sits just above $3.7 trillion, reflecting an almost 4% decline in the past day. According to data from TradingView, more than $142 billion has been drained out of the crypto market in the last 24 hours. Related Reading: Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak Featured image from Shutterstock, chart from TradingView
DeFi will survive efforts to make it a walled garden — Fold CEOCointelegraph, about 5 hours ago
Permissionless financial protocols will survive government and corporate efforts to impose traditional financial controls on DeFi.
1 ZH/s: Bitcoin Miners Make a Sextillion Hashes per Second the New StandardBitcoin.com, about 5 hours ago
![Yesterday, Bitcoin’s total hashrate ran hot, topping out at 986 exahashes per second (EH/s); since then, it has leapt into the 1 zettahash range (ZH/s). If that computational might holds, the zettahash era could become a normal fixture going forward. Zettahash Vibes: Bitcoin Hashrate Roars to a One-Sextillion-Hash Pace Bitcoin’s hashrate is humming at a […]](https://assets.coingecko.com/articles/images/3167192/large/open-uri20250830-7-4916ff.?1756577501)
Yesterday, Bitcoin’s total hashrate ran hot, topping out at 986 exahashes per second (EH/s); since then, it has leapt into the 1 zettahash range (ZH/s). If that computational might holds, the zettahash era could become a normal fixture going forward. Zettahash Vibes: Bitcoin Hashrate Roars to a One-Sextillion-Hash Pace Bitcoin’s hashrate is humming at a […]
Musk’s Lawyer to Chair $200 Million Dogecoin Treasury ProposalCointribune, about 5 hours ago
Japanese Gaming Giant Plans $17 Million XRP Buy, Here’s WhyBitcoinist, about 5 hours ago
![Gumi Inc., a prominent Japanese mobile game developer, has caught the attention of the broader crypto industry after revealing plans to buy $17 million worth of XRP. This move signals the gaming giant’s deeper commitment to blockchain technology, as it looks to tap into new revenue streams and strengthen its position through XRP in the […]](https://assets.coingecko.com/articles/images/3167169/large/open-uri20250830-7-p6yqy8.?1756576884)
Gumi Inc., a prominent Japanese mobile game developer, has caught the attention of the broader crypto industry after revealing plans to buy $17 million worth of XRP. This move signals the gaming giant’s deeper commitment to blockchain technology, as it looks to tap into new revenue streams and strengthen its position through XRP in the […]
Web3 Funding Hit $9.6B in Q2 Despite Fewer DealsCoinDesk, about 5 hours ago
Venture capital is consolidating into larger, higher-conviction bets, with infrastructure projects leading the way, according to Outlier Ventures
Google’s Android Lockdown: Are You Really in Control of Your Phone?Bitcoin Magazine, about 5 hours ago
Bitcoin Magazine Google’s Android Lockdown: Are You Really in Control of Your Phone? Android’s new rule requires all app developers to submit personal information to Google, even for apps outside the Play Store. Critics argue this threatens user freedom and ignores solutions. This post Google’s Android Lockdown: Are You Really in Control of Your Phone? first appeared on Bitcoin Magazine and is written by Juan Galt.
Cluster of updated Solana ETF filings shows ‘positive back and forth’ between asset managers and SECThe Block, about 6 hours ago
The cluster of filings echoes a similar round of revised filings from last Friday, which concerned spot XRP ETF proposals.
What to Expect From Solana in SeptemberBeInCrypto, about 6 hours ago
Solana has had a turbulent August. The token repeatedly tried to hold above $210 but failed to sustain momentum, slipping back into range. At press time, the Solana price trades near $205, down 4.5% over the last 24 hours and about 1% lower in the past week. Monthly gains remain above 13%, and the yearly trend is still positive at nearly 50%. However, September could challenge this uptrend as on-chain and technical signals point toward potential weakness. Supply in Profit Near Six-Month High One of the most important metrics is the percentage of supply in profit, which measures how many coins are currently worth more than their cost basis. This metric hit a six-month high of 96.56% on August 28 before easing slightly to around 90% now. Solana Price And Profitability: Glassnode History shows that such highs often precede corrections in the Solana price. On July 13, the metric touched 96% while the Solana price traded around $205, followed by a 23% drop to $158. Again, on August 13, the metric peaked at 94.31%, triggering a 12% correction from $201 to $176. Later, on August 23, another peak at 95.13% led to an 8% slide from $204 to $187. With the metric back near record highs, the risk of a deeper correction in the SOL price in September is increasing. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Exchange Balances Reinforce Selling Risk That selling risk is reinforced by exchange balances. The amount of SOL held on centralized exchanges surged to more than 32 million tokens on August 28, up from under 30 million earlier in the month. Rising balances usually suggest holders are preparing to sell. Solana Price And Balance On Exchanges: Glassnode The correlation is clear. On August 14, when balances peaked above 32 million, the Solana price dropped 8% from $192 to $176 within days. Now, with balances climbing again, a similar setup is forming, pointing to renewed downside pressure that could weigh on the SOL price in September. Solana Price Pattern Suggests Bearish Setup Despite Positive History Technicals also align with this bearish outlook. Solana is moving inside an ascending wedge on the weekly chart — a pattern that often signals weakening momentum and can lead to either a bearish continuation or reversal. If the Solana price loses $195 and $182, the decline could extend to $160, marking another potential 15–20% pullback. Interestingly, such pullbacks were previously seen when exchange balances and supply in profit percentages spiked. A breach under $182 would even validate the bearish pattern breakdown. Solana Price Analysis: TradingView However, bulls still have a way to regain strength. A weekly close above $217 — the last local high — would invalidate the wedge’s bearish implication and open the way toward higher targets. Until then, the bias remains tilted downward. This bearish technical setup comes against a backdrop of generally positive seasonality. Since 2021, Solana has delivered September gains of 29%, 5.3%, 8.2%, and 12.5%. But with supply in profit at highs and exchange balances elevated, 2025 may be the year this streak breaks. Solana Price History: Cryptorank Unless SOL manages a decisive close above $217, the Solana price in September could struggle, even with the positive push of historical performance and ETF-related optimism.