Spot Ether ETFs Top $3B in August Inflows as ETH Hits Yearly High

US spot Ether exchange-traded funds (ETFs) recorded more than $3 billion in net inflows in the first two weeks of August, marking their second-strongest monthly performance to date, with more than two weeks left in the month.  According to ETF data tracker SoSoValue, spot Ether (ETH) ETFs are also set to record their strongest week…

Hong Kong Tightens Crypto Custody Standards

The Hong Kong Securities and Futures Commission (SFC) issued immediately effective guidance on cryptocurrency custody standards, introducing sweeping security requirements and a ban on smart contracts in cold wallet implementations. In a circular released on Friday, the regulator outlined prescriptive controls for licensed custodians of virtual assets. They include requiring a certified hardware security module,…

ETH $5K Prediction Odds Hit $87% on Polymarket

Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Analysts warn of a potential correction to $4,000 to $4,400 if a key price support fails. Ether (ETH) is trading below $4,600 as the…

3 Reasons Why Altcoins Are Likely to Outperform Starting in September: Coinbase Research

Altcoin season may be weeks away, according to Coinbase Institutional’s latest monthly outlook, which forecasts a shift in market leadership from bitcoin to alternative cryptocurrencies beginning in September. Altcoin season refers to a market phase when cryptocurrencies other than bitcoin — often led by Ethereum’s ETH, Solana’s SOL, and other large-cap tokens — post significantly…

ETH Holders May Have To Wait Longer For All-Time Highs

A new all-time high for Ether may be weeks or months away, despite ETH currently sitting only a few hundred dollars off a new record price, an analyst said.  “With ETH near its previous ATHs, we may consolidate for a bit, given the very large run-up in such a short time frame,” Nansen analyst Jake…

Bitcoin-Focused Nakamoto And KindlyMD Merger Officially Complete

David Bailey’s Bitcoin firm, Nakamoto, completed its merger with healthcare company KindlyMD, forming a publicly traded Bitcoin treasury vehicle with a plan to accumulate 1 million Bitcoin. The merged entity will retain the KindlyMD name and continue trading on the Nasdaq under the ticker NAKA, with Nakamoto operating as a wholly owned subsidiary.  Nakamoto is…

Address Poisoning Attacks Surge With $1.6M Stolen This Week

Unsuspecting crypto users lost more than $1.6 million to scammers via address poisoning attacks just this week — more than in the entire month of March.  On Friday, a victim lost 140 Ether (ETH), worth about $636,500, after copying the wrong address from a contaminated transfer history, according to crypto scam prevention platform ScamSniffer.  “The…

Bitcoin Chart Mirrors 2021 Top, Traders Say: Who Cares?

Bitcoin’s price chart is starting to mimic the pattern it displayed when it reached the previous cycle’s all-time high of $69,000 in November 2021, according to a crypto trader. Other traders argued that charts don’t tell the full story now, amid mounting demand for Bitcoin (BTC) from crypto treasury companies. Bitcoin charts look similar to…

Crypto Execs Ask Trump to Kill Bank Data Fees

A group of crypto and fintech executives has urged US President Donald Trump to block banks from charging fees for access to their customer data, arguing it stifles consumer choice. The letter sent to Trump on Wednesday accused large banks of looking to “preserve their market position by imposing exorbitant new ‘account access’ fees that…

Bitcoin Price Highs Vanish 1-day Later, Here’s Why

Key takeaways: BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop. The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000. Bitcoin (BTC) faced a sharp rejection after reaching a $124,089 all-time high on Thursday. The drop below $117,500 triggered $227 million in leveraged…