Latest Crypto News & Market Updates

Bitcoin's 'Final Boss' Is Revealed

The 365-day moving average around $83,000, which may prove to be one of Bitcoins most significant technical tests, is now within striking distance of the asset thanks to its comeback. Bitcoin is currently trading between $80,000 and $81,000 after an incredible comeback from the $63,000 to $64,000 range.　　Even more challenges to come　　Several significant moving averages, including the long-term trend line close to $71,850, have already been crossed by Bitcoin on the daily chart. The next significant challenge is just a few thousand dollars away. The 365-day moving average is estimated to be around $83,057 by CryptoQuant.　　BTC/USDT Chart by TradingView　　Because Bitcoin is currently trading below its annual average price, this level merits special attention. Therefore, recovering it would be a much stronger trend signal than breaking a level of short-term resistance. Additionally, the historical chart explains why $83,000 can be considered the “final boss” for Bitcoin right now.　　In the past, the 365-day average was a crucial barrier separating broader bullish and bearish structures. During its significant drop, Bitcoin lost the average and has not yet risen above it. However, there is a lot of risk involved in the immediate setup. The daily RSI for Bitcoin has increased to about 83, indicating

2 days agoIndustry

Tethers $120 million Uruguay mining failure now shadows its next Bitcoin bet in Brazil

Tether‘s abandoned Bitcoin mining venture in Uruguay, where a former contractor estimated spending reached about $120 million across two sites, is casting a shadow over the stablecoin issuer’s smaller renewable-energy pilot in Brazil.　　Related Asset Tether USDT · Stablecoin　　The Uruguay project unraveled after Tethers local entity, Microfin, and state utility UTE disagreed over the terms governing electricity use, Reuters reported. Microfin understood its contracted allocation as a minimum that could be expanded, while UTE treated it as a maximum.　　The dispute was underway by late 2024. Microfin stopped paying power bills in May 2025, notified UTE the following month that it planned to terminate the contracts, and later failed to complete revised terms. UTE disconnected the sites on July 25.　　Related Asset Bitcoin BTC · $79,216.88 24-hour change: up 2.10%　　By November, Tether, the USDT issuer, had notified labor authorities that it would cease operations and lay off most staff. Microfin settled the outstanding UTE debt in December.　　A former contractor estimated Tether spent roughly $60 million at each of the two sites in Uruguays Florida department. The approximately $120 million figure is an estimate of spending, not a confirmed loss disclosed by Tether.　　The collapse contrasts with Tether‘s 2023 launch of the venture, when the

2 days agoIndustry

Bitcoin Exchange Coinbase Announces Listing of Two Altcoins on Spot Trading Platform! Here Are the Details

Cryptocurrency exchange Coinbase is preparing to add two new assets developed on the Base network to its spot trading market. According to an announcement by Coinbase Markets on August 25th, spot trading for Basecat (BASECAT) and DebtReliefBot (DRB) will be available in supported regions, provided the necessary liquidity conditions are met.　　The exchange announced that US dollar-based trading pairs will be created for both assets. Accordingly, the BASECAT-USD and DRB-USD trading pairs will be available to investors in regions where trading is supported. Coinbase emphasized that the launch of trading depends on market conditions and sufficient liquidity.　　Basecat and DebtReliefBot tokens will be among the new assets traded on the Base network following Coinbases announcement. Base operates as an Ethereum Layer 2 network powered by Coinbase, hosting various crypto projects with the goal of offering low transaction costs and high transaction capacity.　　Individual investors will be able to access the new spot trading pairs through Coinbases website, mobile app, and advanced trading platform, Coinbase Advanced. Institutional clients will be able to trade the relevant assets through Coinbase Exchange.　　Coinbases new token listings expand investor access to new projects in the market, while also enabling listed assets to reach a wider user base in terms

2 days agoExchange

Bitcoin Price Breaches $81,000 as Bull Market Momentum Builds

Bitcoin surged past $81,000, lifting its market cap to $1.62 trillion. The move wiped out $282 million in short positions over 24 hours—representing 62% of all crypto short liquidations.　　Key TakeawaysBitcoin surged past $81,000 as rumors of U.S. Treasury bond buybacks fueled a broader market rally.Coinglass recorded $282 million in bitcoin short liquidations, driving 62% of crypto market margin wipes.Investor Stanley Druckenmiller warned Treasury Secretary Scott Bessent that yield capping risks market trust.　　Short Sellers Squeezed for $282 Million in Liquidations　　Bitcoin continued its rally, breaching $81,000 as optimism grows over a broader bull market. The digital currencys latest surge came hours after it nearly crossed $80,000 on reports that the U.S. Treasury plans to use a $950 billion General Account to fund bond purchases.　　According to data from Bitstamp, bitcoin peaked at $81,255 at 10:45 p.m. EST on Aug. 24 before retreating and consolidating above $80,500. The jump of more than 4% lifted bitcoins market capitalization to nearly $1.62 trillion and narrowed its year-to-date losses to 8%, down from 9.5% less than 12 hours earlier.　　The bitcoin price action was brutal again for traders shorting the cryptocurrency. Coinglass data showed the price action wiped out $177 million in short bets in four hours, compared

2 days agoIndustry

Germany widens MiCA lead as latest EU register update adds 6 banks

Germany widened its lead in the number of providers licensed under the European Unions Markets in Crypto-Assets Regulation (MiCA), with six of its cooperative banks added in the latest register update.　　The European Securities and Markets Authority (ESMA) updated its MiCA register on Friday, bringing the number of authorized crypto asset service providers (CASPs) to 331.　　Compared with an update from Aug. 12, the six additions were all German cooperative banks: Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-Überwald and Volksbank Backnang.　　Germany now accounts for 79 CASPs, ahead of France with 35 and the Netherlands with 29. Germanys total has grown from 57 in late June, when the country already led MiCA authorizations, according to ESMA data previously reviewed by Cointelegraph.　　Germany‘s Federal Financial Supervisory Authority (BaFin) told Cointelegraph in June that the country’s high number of MiCA authorizations partly reflects its large financial sector and the number of credit institutions eligible to offer crypto services. BaFin also pointed to Germanys pre-existing national licensing regime, which gave some CASPs access to simplified authorization procedures during the transition to MiCA.　　ESMAs asset-referenced token (ART), electronic money token (EMT) and non-compliant entity datasets were unchanged. The ART register remained empty, the EMT

2 days agoIndustry

Bitget CEO isn‘t buying the Bitcoin rally — She’s waiting for $50K

Bitget CEO Gracy Chen isn‘t convinced that Bitcoin’s recent rally to $79,000 marks the end of the bear market.　　She is keeping a significant portion of her portfolio in stablecoins and watching for a drop of more than $25,000 from current prices as a potential level to buy back into Bitcoin. “I would say $50K is the number that Im looking at for my personal Bitcoin buyback sort of price,” Chen tells the Trade Secrets show.　　That being said, Chen isn‘t claiming to have any special insight into where Bitcoin’s notoriously unpredictable price is headed. She also thinks its possible Bitcoin could end the year $20,000 higher.　　“I‘m just an exchange CEO,” Chen laughs. “We are not good at analyzing Bitcoin price. We’re just good at providing a trading platform for all the analysts and traders to trade,” she adds.Gracy Chen isn’t expecting Bitcoin to be up only from here. (CoinMarketCap)　　Chen is also far from alone in expecting Bitcoin to potentially move lower, despite Bitcoin being up more than 20% in the past week.　　Transform Ventures founder Michael Terpin told Trade Secrets at the beginning of August that “we still have more pain to go.” Terpin believes that Bitcoin will ultimately fall “66%” from

2 days agoIndustry

Big Investors Admit Bitcoin Rally Signals Capital Fleeing an Overheated AI Trade

Bitcoin (BTC) just posted its strongest three-day rally since 2023, and two prominent investors now say the move reflects capital finally leaving an overheated artificial intelligence (AI) trade.　　There has been much speculation about the role AI investing has played in Bitcoins own market. Now, with this rally, and concerns over an AI bubble, many are noting thw way the capital is rotating.　　Big Names Now Confirm the Shift　　Analysts have flagged this possible shift for months without confirming it was happening. Research firm K33 warned in June that Bitcoin was losing ground as institutions chased AI returns instead.　　Sponsored　　Sponsored　　Investor Steve Eisman went further in July, saying he had sold his Google position to cut AI exposure, warning the entire market had become one crowded trade. Then, in late July, veteran macro investor Jordi Visser argued that AIs easy-money phase was ending and that Bitcoin stood to benefit next.　　Bill Miller IV, chairman and chief investment officer at Miller Value Partners, is now making the same case with fresh conviction. His comments this week, paired with Vissers, mark two of the clearest signals yet from named, established investors that the rotation out of AI and into Bitcoin is actively underway, not just theorized.　　He pointed to

2 days agoIndustry

Binance launches 5 stock perpetuals with 20x leverage

Binance Futures launched five USDT-margined TradFi perpetual contracts on Aug. 25, giving eligible traders leveraged exposure to Trump Media, Moderna and three semiconductor-focused exchange-traded funds.　　SummaryBinance launched five USDT margined perpetual contracts tied to U.S. stocks and leveraged exchange-traded funds.Contracts offer up to 20x leverage, round-the-clock trading and eight-hour funding settlements through Binance Futures.SKUU and SKDD track daily moves in SK Hynix, while RAM references leveraged DRAM exposure.DJT and MRNA perpetuals reference Trump Media and Moderna shares without granting stock ownership rights.Each contract uses USDT for settlement and requires a minimum notional trade worth five dollars.　　The contracts began trading at five-minute intervals between 09:00 and 09:20 UTC. Binance listed SKUUUSDT, SKDDUSDT, RAMUSDT, DJTUSDT and MRNAUSDT with maximum leverage of 20x.　　Binance adds five U.S. market-linked contracts　　SKUUUSDT tracks the GraniteShares 2x Long SK Hynix Daily ETF, while SKDDUSDT references the issuers 2x Short SK Hynix Daily ETF. Both underlying funds trade on Nasdaq.　　The long fund seeks twice the daily percentage change in SK Hynix‘s U.S.-listed depositary receipt. The short fund seeks twice the inverse daily return, according to GraniteShares’ product details.　　You might also like:　　Binance continues EU onboarding despite missing MiCA licensing deadline: report　　RAMUSDT references the Roundhill T-REX 2X Long DRAM Daily Target ETF,

2 days agoIndustry

Franklin Templeton brings tokenized US government fund to HashKey

Franklin Templeton has expanded access to its tokenized U.S. government money market fund in Asia through a new distribution partnership with Hong Kong-licensed HashKey Exchange.　　SummaryFranklin Templeton has partnered with HashKey Exchange to distribute its tokenized U.S. government liquidity fund.The fund is available through HashKey Exchanges Earn channel to professional investors in Hong Kong.The product mainly invests in U.S. government money market instruments and U.S. dollar cash assets.Franklin Templeton and HashKey plan to explore additional tokenized products across multiple markets.　　HashKey Holdings said on Aug. 24 that its licensed trading platform has added the Franklin OnChain U.S. Government Liquidity Fund, known as grBENJI, to the HashKey Exchange Earn channel, giving eligible digital asset investors access to the product through blockchain-based infrastructure.　　The fund invests mainly in U.S. government money market instruments and U.S. dollar cash assets. Access in Hong Kong is restricted to professional investors, and the product cannot be offered to the general public, according to HashKey.　　The arrangement gives Franklin Templeton another distribution channel for its tokenized investment products in Asia while adding an established asset manager‘s money market product to HashKey’s regulated investment platform.　　Chetan Karkhanis, Franklin Templeton‘s senior vice president of digital assets client engagement, said the listing gives the firm

2 days agoIndustry

Altseason is near, but is the crypto market ready for another 2021-like surge？

As the crypto market shows visible signs of recovery from its bearish slump, CryptoQuants on-chain and technical analyst, Darkfost, has shed light on the altcoin market.　　The analyst highlighted how the altcoin market has suddenly shown several signs of shifts from a prolonged bearish phase into an early bullish phase.　　Could mid and small-cap altcoins could drive the altseason？　　According to the analyst, between 19th and 22nd August, the total market cap of altcoins excluding Bitcoin [BTC] and Ethereum, aka Total2, increased by about $215 billion. This marked a 24% hike in just three days, taking the market cap back above the $1 trillion-level.　　Remarking on the same the analyst said,　　Mid and small caps in particular rose the fastest　　The on-chain metric 200-day moving average (DMA) further confirmed this sentiment, with the altcoins outpacing the indicator. Here, its worth pointing out that back in November, roughly 80%–85% of Binance-listed altcoins were trading below their 200-DMA.　　Source: CryptoQuant　　At the time of writing though, around 56% of those altcoins were trading above their 200-DMA. This implied that more than half are now once again showing bullish long-term price structures.　　Such a major shift pushed DarkFost to ask a very genuine question…　　Did Trump just kick off altseason？　　The answer to this

2 days agoIndustry

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