The cryptocurrency market experienced over $1 billion in liquidations due to unexpected inflation data. Bitcoin reached a record high of $123,500 before a wave of sell-offs led to significant losses, particularly in long positions. Traders are closely watching economic indicators and Federal Reserve movements for future trends.
Coinbase Institutional indicates that "altcoin season" may begin in September due to declining Bitcoin dominance, improved liquidity, and a revival of investor risk appetite, suggesting a shift of capital towards altcoins.
Binance Japan announces a nationwide Web3 education tour for students, offering workshops in seven regions from October 2025 to May 2026. The initiative aims to enhance understanding of blockchain and Web3 technologies among young learners.
Limix Point reported significant revenue and profit growth in Q1 of the fiscal year ending March 2026, driven by its Bitcoin Treasury business. The company plans to strengthen this core operation by transitioning to a holding company structure.
Scott Bessent, the U.S. Treasury Secretary, indicated a commitment to explore budget-neutral methods for increasing Bitcoin holdings, despite earlier statements suggesting no new purchases. Bitcoin's price fell significantly following a record high.
TeraWulf's stock surged 22% after securing a $3.7 billion AI hosting deal, with Google acquiring an 8% stake by covering $1.8 billion in lease debt. The partnership aims to enhance scalable AI infrastructure at their Lake Mariner data center by 2026.
Ark Invest purchased over 2.5 million Bullish shares on its NYSE debut, with shares soaring nearly 100%. This move follows recent investments in Circle and eToro, highlighting growing investor interest in crypto infrastructure amidst market volatility.
The July PPI rose by 0.9% month-over-month and 3.3% year-over-year, exceeding expectations. This diminished hopes for a near-term Fed rate cut, leading to a sharp decline in cryptocurrencies like Bitcoin and Ethereum. Traditional markets also reacted negatively.
Rakuten Wallet launched its first Web3 game, "Rakuten Wallet TAPTAP," featuring the mascot "Shopping Panda." Players earn NFT lottery tickets for Rakuten Points by tapping, with a campaign celebrating the launch. The game is user-friendly and requires no blockchain expertise.
Bitcoin has surged past $124,000, reaching a record high and briefly surpassing Google in market capitalization, making it the world's fifth-largest asset. Analysts speculate further gains could target $135,000 to $138,000 due to favorable macroeconomic conditions.
Standard Chartered raised its Ethereum price targets to $7,500 by year-end 2025 and $25,000 by 2028, citing improved fundamentals and increased institutional demand. The report highlights significant investments from treasury firms and spot ETFs, along with regulatory boosts from recent legislation.
Bitcoin is approaching its all-time high, with values near $123,000, while Ethereum nears its peak of $4,865, trading at $4,750. The rising market sentiment is supported by macroeconomic factors and expectations of Federal Reserve easing.
MetaMask is set to unveil its own stablecoin, mUSD, likely this week, collaborating with fintech company Stripe's Bridge platform and Blackstone for custody and treasury management. This initiative follows a previously reported governance proposal.
eToro reported that over 91% of its Q2 revenue came from cryptocurrency transactions, totaling $19.1 billion in this field. The company continues to enhance its crypto-related services, including plans for tokenizing US stocks on the Ethereum blockchain.
Stripe is developing a payment-focused Layer 1 blockchain called "Tempo," in collaboration with Paradigm. The stealth-mode project is Ethereum-compatible, with an unclear status on a native token and a small team of about five. This initiative advances Stripe's cryptocurrency strategy amidst rising interest in stablecoin regulations.