Crypto

Institutions are buying up Bitcoin, but the average fund manager is barely allocated to crypto. What does it mean?

A savvy trader turned a $125,000 investment into almost $43 million at its peak, before locking in almost $7 million of profit after the market downturn decreased their long positions. A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally. The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his Ether (ETH) long position. Despite the market downturn, the trader closed all his positions, locking in a net profit of $6.86 million on Monday, generating an impressive 55-fold return on his investment, according to blockchain data platform Lookonchain. Read more

Analysts called the market move "a corrective pullback within an uptrend," ahead of Thursday’s Jackson Hole Economic Symposium.

The news comes alongside Fluidstack exercising its option to expand at WULF's Lake Mariner data center campus.

The company also updated previous guidance to now allow the issuance of fresh shares even when the stock trades below 2.5x mNAV.

Strategy bought $51.4 million in Bitcoin last week as BTC surged to all-time highs above $124,000 on Wednesday, only to dip to $115,000 on Sunday. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price swung to new all-time highs before retreating last week. Strategy acquired 430 Bitcoin (BTC) for $51.4 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. The new Bitcoin batch cost the company an average price of $119,666 per coin, reflecting the massive volatility last week, with BTC trading at about $120,000 on Monday and slipping to as low as $115,000 on Sunday, according to CoinGecko. Read more

The miner ran roughly 9 petahashes per second of computing power, giving them just a one-in-800 chance of landing a block on any given day.

Technical indicators suggest a bearish shift, with the weekly stochastic oscillator signaling a possible correction.

Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as bulls must reclaim $3 support or face a deeper correction. Key takeaways XRP price must reclaim $3 support to avoid a deeper correction to $2.24. Spot taker CVD remains negative, suggesting waning demand. Read more

The FSC will introduce a bill that’s expected to provide guidelines on issuance, collateral management and internal control systems for stablecoins. South Korea is reportedly preparing to introduce a regulatory framework for a won-backed stablecoin, with its financial regulator set to introduce a government bill in October. On Monday, South Korean news portal MoneyToday reported that the Financial Services Commission (FSC) will unveil the bill as part of a second phase of the nation’s Virtual Asset User Protection Act. Democratic Party of Korea (DPK) Representative Park Min-kyu said during a policy debate that he received a briefing from the FSC on the policy direction on stablecoins. “The government bill is expected to be submitted to the National Assembly around October,” Park said.  Read more

Charles O. Parks III, aka “CP3O,” oversaw a scheme that presented itself to cloud providers as an education platform while mining crypto.

European users of Austria-based Bybit EU can now borrow funds against their existing crypto holdings, using them as collateral to buy or sell more assets.

Your day-ahead look for Aug. 18, 2025

Despite Bitcoin’s drop, analysts expect favorable outcomes from key macroeconomic events this week to restart the bull run.

Amdax is launching a Bitcoin treasury company, aiming for a Euronext listing as more European companies join the growing corporate Bitcoin adoption wave. Dutch cryptocurrency service provider Amdax is preparing to launch a Bitcoin treasury company on Amsterdam’s Euronext stock exchange, as more European companies follow US counterparts in adopting Bitcoin strategies. Amdax said Monday it is creating AMBTS B.V., a privately held company with independent governance that will operate as a stand-alone firm. AMBTS aims to become a “1% Bitcoin treasury company,” with the goal of eventually accumulating 1% of all Bitcoin (BTC) in circulation. The company said it plans to raise capital in stages through the markets to expand its Bitcoin holdings, grow equity value and increase Bitcoin-per-share metrics for investors. Accumulating 1% of Bitcoin’s total supply would require more than $24 billion at current prices, with Bitcoin trading above $115,800 this week. Read more

Multiple technical indicators and recent whale activity raise Bitcoin's odds of declining below $100,00 in coming weeks. Key takeaways: Bitcoin risks a deeper correction toward $88K–$94K after breaking below a rising wedge. A 2021-like double top pattern is increasing BTC’s odds of declining below $100,000. Read more

Approximately, $3.5B of profit realized over the weekend, latest correction trims 7% from ATH.

A Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation. A Hong Kong Securities and Futures Commission (SFC) official warned that the introduction of the new local stablecoin regulatory framework has increased the risk of fraud. According to an Aug. 18 report by Chinese financial news outlet Zhitongcaijing, Ye Zhiheng, executive director of the intermediaries division at the SFC, said that fraud risks have increased with the recent introduction of stablecoin regulations. He urged investors to exercise caution and avoid making irrational investment decisions driven by market hype or price momentum. Ye’s remarks followed stablecoin companies operating in Hong Kong posting double-digit losses on Aug. 1, just after the new stablecoin regulation came into force. Analysts at the time described the sell-off as a healthy correction, as the requirements for stablecoin issuers proved to be more stringent than exp...

Bitcoin no longer has promising odds of a breakout in coming days as opinions differ on what caused the BTC price dip and what will happen next. Bitcoin (BTC) started a new week with a fresh sell-off, and traders are split over where it will head next. BTC price action has dipped $10,000 since its latest all-time high just days ago, leading to comparisons with the 2021 top. Order-book manipulation may be to blame, analysis argued; a large entity may be “buying the dip.” Read more