Category: crypto

Bitcoin briefly dipped below $110,000, resulting in heavy liquidations of $811.6 million with over 179,000 traders being forced out of positions. Long traders suffered most losses, misjudging the recent rally. This has led to growing bearish sentiment, with a 35% chance of Bitcoin falling to $100,000 and a 55% chance of Ethereum retesting $4,000.

Asset manager Bitwise has applied to launch a Chainlink exchange-traded fund in the US. The proposed Bitwise Chainlink ETF would offer direct exposure to the digital asset, LINK token. This would be the first US ETF of its kind, reflecting institutional demand for Chainlink. Pricing would be based on a benchmark rate published daily.

A coalition of AI companies launched a Super PAC called Leading the Future to influence US technology policy and maintain the country’s leadership in AI. Backed by $100 million from investors, the PAC aims to support pro-innovation candidates and build political networks across federal and state levels to secure favorable policies for the industry.

TRON DAO served as the Title Sponsor of the UK AI Agent Hackathon, where Justin Sun was recognized as ‘Best Blockchain Innovator’. A bounty challenge with $10,000 in prizes encouraged participants to integrate AI agent SDKs with the TRON blockchain. TRON remains committed to empowering developers and innovators in the blockchain space.

In the second quarter of 2025, investment advisors drove institutional Bitcoin exposure to $33.6 billion through exchange-traded funds (ETFs). Bloomberg data shows advisors hold $17.4 billion in Bitcoin ETF positions, surpassing hedge funds. Harvard Management Company entered the Bitcoin ETF space with a $117 million position. Retail investors still drive most Bitcoin ETF flows.

Ethereum co-founder Vitalik Buterin discusses the lack of interest-bearing mechanisms in prediction markets, making them unattractive to risk-averse traders. He suggests that addressing this issue could lead to increased use cases and adoption. Criticism of prediction markets’ structural flaws and potential benefits are also highlighted in the discussion.

Hyperliquid surpassed Robinhood in trading volume for the third consecutive month in July, with a 39.1% gap. DefiLlama data shows Hyperliquid traded $330.8 billion, while Robinhood processed $237.8 billion. Despite having minimal staff, Hyperliquid generates significant revenue, outperforming technology giants like Tether Limited. This dominance in trading volume highlights the competitiveness of decentralized finance protocols…

Following regulatory approval, crypto exchange-traded fund (ETF) issuers are expected to partner with centralized staking providers before transitioning to decentralized protocols as regulations mature. The SEC’s statement on liquid staking activities removed the final hurdle for staking-enabled ETFs. This move is predicted to attract institutional capital and reshape yield structures in the crypto market.

Blockchain analytics firm Bubblemaps released a report alleging that Hayden Davis coordinated a sniping operation on Kanye West’s YZY token, generating $12 million in profits. Davis, linked to previous controversies, received access to $57 million in frozen funds before YZY’s launch. The token’s market capitalization peaked at $3 billion before collapsing.

Aave reached an all-time high total value locked of $41.1 billion on Aug. 24, making it the 54th largest US commercial bank by deposits. The protocol controls 50% of the DeFi lending market and has surpassed multiple records. Institutional adoption is driving its expansion, with the AAVE token increasing in value.