Crypto Industry News & Market Trends

Bitwise XRP ETF Trading Volume Tops $200M Across Three Sessions

Trading volume in Bitwises XRP exchange-traded fund (ETF) exceeded $200 million across three consecutive sessions. Each session established a new high for the fund, culminating in more than $80 million on Aug. 24.　　Key TakeawaysBitwises XRP fund traded more than $200 million across three sessions.The fund held about 328 million XRP worth $484.6 million on Aug. 23.Trading volume measures activity and does not represent net inflows.　　Bitwise XRP ETF Sets Three Consecutive Volume Records　　Trading activity in the Bitwise XRP ETF accelerated sharply during the three sessions ending Aug. 24, according to Bitwise Asset Management President Teddy Fusaro. The three-day run marked the fund‘s busiest stretch since it began trading in November 2025, and it landed during a sharp August recovery in XRP’s price.　　Fusaro shared on X:　　“Volumes in the Bitwise XRP ETF have really popped over the last 3 sessions. Over $80 million traded today, and over $60 mm each of the prior two days – each of which would have been its highest volume day since inception.”　　“Volumes in the Bitwise XRP ETF have really popped over the last 3 sessions. Over $80 million traded today, and over $60 mm each of the prior two days – each of which would have been

08-25Industry

Datavault hits Nasdaq deadline 68% below $1 as extension or delisting decision looms

Datavault AI reaches its Nasdaq minimum bid-price deadline on Aug. 24, with DVLT 68% below the exchanges $1 threshold and no disclosed decision on whether the company will receive more time or a delisting notice.　　Related Company Nasdaq An American stock exchange　　DVLTs last sale was $0.3186 on Aug. 21, according to Nasdaqs official quote feed. Nasdaq historical data showed every close/last reading from Aug. 7 through Aug. 21 below $1.　　Datavault disclosed in a Feb. 27 filing that Nasdaq had given it until Aug. 24 to regain compliance, which requires a closing bid price of at least $1 for at least 10 consecutive business days.　　With only Aug. 24 left in the window, the sub-$1 close/last reading on Aug. 21 left no practical route to complete a new 10-day closing-bid cure.　　Infographic outlining Datavault‘s Nasdaq compliance deadline, showing the $1 minimum rule, the stock’s last sale price, and possible reverse-split or delisting outcomes.Nasdaq now decides whether Datavault gets more time　　Under Nasdaqs compliance rules, a Capital Market issuer can receive another 180 days if it meets the applicable continued-listing test for market value of publicly held shares and every other initial listing standard except bid price.　　The company must also give Nasdaq written notice that it

08-25Industry

Wall Street Analysts Bullish On Bitcoin, Reveal 3 Major Catalysts For Further BTC Price Rally

Bitcoin is making a comeback and Wall Street analysts are citing three factors that could push it up and make its next move. BTC is getting a lot of buzz, not only as an investment with high risk but also as a possible countermeasure against the general uncertainty of the economy.　　The updated forecast was shared by Zaye Capital Markets. The study firm pointed out that Bitcoins market behaviour is becoming more complex. BTC can still move with risk assets such as equities. However, it can also be a positive influence when inflation fears and government debt and geopolitical uncertainty prevail.　　Bitcoin climbed 2.1% to $79,420 at press time. Earlier in the day, the BTC price had been trading above $80,000 before, for the first time in three months.　　Institutional Demand Soars For Bitcoin　　The first major catalyst for Bitcoin price rally is stronger institutional participation. More upside is required of genuine buying demand, Zaye Capital Markets said. A surge that is largely fueled by short sellers closing trades could be short-lived, they stated.　　Recently, around $1.92 billion in combined net inflows have poured into U.S. spot Bitcoin ETFs since August 17. The first day, on August 17, the funds raised $297.5 million; the second

08-25Industry

Bitwise CIO Sees Crypto Bull Case Strengthening on 5 Key Shifts

Bitwise Chief Investment Officer Matt Hougan finds cryptos bullish case easier to make in 2026 than during earlier cycles. His outlook reflects structural changes he believes have made optimism easier to sustain.　　Key TakeawaysHougan cites five factors behind an easier crypto bull case in 2026.SEC rulemaking and stablecoin adoption reinforce his broader case.Revenue-linked tokens and debt pressure add economic support.　　Five Factors Reshape the Crypto Bull Case　　Five structural factors now give crypto investors more fundamental reasons to support a bullish outlook than during earlier cycles, Bitwise Asset Management Chief Investment Officer Matt Hougan shared in an Aug. 24 post on X. He contrasted the present environment with 2014, 2018, and 2022, when he found optimism substantially harder to sustain.　　Noting that it was “hard to be bullish” in 2014, 2018, and 2022, Hougan stated:　　“The crazy thing about 2026 is how easy it is to be bullish: Regulatory progress, stablecoins scaling, the rise of tokenization, assets with real revenue and buybacks, and a debasement bid.”　　“The crazy thing about 2026 is how easy it is to be bullish: Regulatory progress, stablecoins scaling, the rise of tokenization, assets with real revenue and buybacks, and a debasement bid.”　　This view extends a market argument Hougan made on July

08-25Industry

Bitcoin Faces Brutal Rejection at $80K, but Bulls Remain Defiant

The $80,000 psychological barrierImpatient buyers and renewed U.S. demand　　Bitcoins march toward the historic $80,000 milestone hit a brick wall today: immense sell pressure triggered a sharp intraday pullback.　　However, despite the steep drop, market metrics and aggressive dip-buying indicate that bullish sentiment remains largely unshaken.　　The $80,000 psychological barrier　　Bitcoin bulls made two distinct attempts to breach the $80,000 level earlier today. The price action spiked toward the major resistance line just before 11:30 and again shortly after 12:15, only to be met with aggressive selling right below the threshold.　　Bitcoin Faces Brutal Rejection at $80K, but Bulls Remain Defiant　　Whales Hedge $1.3 Billion in Bitcoin and XRP While Gold Hits Fresh August Highs: Main Crypto News This Morning　　Market analyst James Stanley has noted that the asset “wicked right underneath the level and then snap[ped] back.”　　After failing to hold the $79,500 support level, the price cascaded down. Selling accelerated until Bitcoin found a local bottom just above $78,400 around 13:30, before mounting a steady recovery back above the $79,000 mark.　　Impatient buyers and renewed U.S. demand　　Despite the swift $1,500 intraday drop, market observers are noting highly unusual buyer behavior. Instead of waiting for deeper capitulation or better entries in the lower $70,000s, buyers are aggressively stepping

08-25Industry

AI scammers no longer need to hack your wallet if they can convince you to use it for them

Reported losses from deepfake scams in 2026 have already exceeded last years total by 263%, according to TRM Labs, highlighting a growing crypto security problem in which attackers increasingly manipulate authorized users rather than break blockchain code.　　Related Company TRM Labs Digital asset compliance scammer-side AI report share is roughly 13 times its 2022 levelFBI IC3U.S. complaints and adjusted reported losses181,565 cryptocurrency-descriptor complaints carried $11.37 billion in losses; 22,364 AI-related-descriptor complaints carried $893.35 millionChainalysisGlobal flows attributed to identified on-chain scam addressesAt least $14 billion reached identified addresses, with a projection above $17 billion as attribution expanded　　Taken together, these datasets show why AI is increasingly useful to scammers: it can make impersonation cheaper, more convincing, and easier to operate at scale.　　A single attacker can maintain conversations with victims in multiple languages. Synthetic video can strengthen a false identity during remote verification. Voice cloning can imitate an executive or family member. AI-generated documents, profiles and communications can make a fraudulent request appear consistent across several channels.　　The breach increasingly happens before the signature　　The problem becomes more consequential in crypto because transactions are difficult to reverse once authorized.　　TRMs separate review of first-half crypto hacks showed that smart-contract vulnerabilities remained common, but the largest losses were

08-25Industry

BitMine Is About to Own 5% of Ethereum, Tom Lee Reveals What Comes Next

BitMine Immersion Technologies owns 5,847,611 ether. That is 4.79% of every ether in existence, and a tighter grip on Ethereum than Michael Saylor has ever held on Bitcoin.　　Chairman Tom Lee told the Bankless podcast the company could reach its 5% goal before the end of 2026. The math is harder than it looks.　　Sponsored　　Sponsored　　BitMine Built Its Ethereum Stack in 14 Months　　Saylors firm, MicroStrategy, took six years to gather 840,447 Bitcoin. That comes to 4.19% of the coins in circulation.　　BitMine passed that share of ether in 14 months. It made its first purchase on June 30, 2025, and has bought every week since. Sixty weeks, no gaps.　　Ethereum Treasury Holdings. Source: Coingecko　　Lee credits a plain balance sheet. BitMine paid for the stack with common stock, not loans or convertible notes. Several rival treasuries leaned on those tools and did not survive the downturn.　　Ether traded near $2,480 on Monday, up 1% on the day. It rose about 30% last week, its best week since May 2025. BitMine used the rally for its largest weekly ETH purchase since early July.　　“Its about $350 million worth of ETH that we need to acquire to reach 5%… we could reach it by the end of the year,” Tom

08-25Industry

A $30 Billion AI Fund Implodes, Now the SEC Is Investigating Wall Streets Role

The Securities and Exchange Commission (SEC) has sent subpoenas to major Wall Street banks over their dealings with Situational Awareness, the artificial intelligence (AI) hedge fund that nearly collapsed last month.　　Three people briefed on the outreach described the requests to the New York Times. Regulators want trade timing data and lender communications. The fund has not been accused of wrongdoing.　　Sponsored　　Sponsored　　SEC Investigation Targets the Leverage Paper Trail　　The subpoenas went to banks that cleared the funds trades and financed its positions. Bank of America, Citi, Goldman Sachs, and JPMorgan Chase ranked among its largest counterparties, according to a regulatory filing.　　Investigators asked for the timing of specific trades. They also requested messages the banks exchanged with the fund about borrowed money, and told them to preserve every record tied to the San Francisco firm.　　All four banks declined to comment. So did the SEC. A Situational Awareness spokesman said scrutiny of this kind was predictable.　　“It is to be expected that regulators would closely examine any funds that are high profile, produce significant returns or have particularly dramatic drawdowns,” Situational Awareness said in a statement.　　The timing lands as bank executives flag hidden borrowing across markets. JPMorgan chief Jamie Dimon warned this month that margin debt

08-25Industry

Fidelity grants ETFs power to stake 100% of crypto while outlining exit delay risks

Fidelitys FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits take too long.　　Related Asset Ethereum #2 ETH · $2,482.95 24-hour change: up 0.86% 24H Up 0.86% 7D Up 29.75% 30D Up 32.51%　　The matching framework appears in Aug. 21 prospectuses for the Fidelity Ethereum Fund, or FETH, and Fidelity Solana Fund, or FSOL. Neither fund has a minimum staking requirement, and sponsor FD Funds Management can keep ether or SOL unstaked for foreseeable redemptions, expenses, asset protection and its liquidity program.　　The 100% figure is an authority ceiling, not evidence that both funds are fully staked. FSOL reported 1,675,797 SOL staked out of 1,687,589 SOL held at June 30, with a fair value of $126.3 million. Its quarterly report put net assets at $127.079 million and its trailing 30-day staked percentage at 99.64%.　　Related Company Fidelity Financial services company　　FETH was at a different point. Its June 30 report listed 476,311 ether and $758.609 million in net assets without a staked-ether line. Fidelity amended the trust and custody arrangements in August, and the new prospectus

08-25Industry

Bernstein sees new USDC growth cycle, sets $140 Circle price target

Analysts at Bernstein are bullish on stablecoin issuer Circle, arguing that a new growth cycle for its USDC stablecoin could provide a significant boost for the company over the next 12 months.　　In a research note published Monday, Bernstein said USDC (USDC) is showing signs of what it called “digital dollar reflation” after its supply increased by roughly $2 billion in seven days, reversing a six-month stretch of stagnant or declining growth. The firm maintained an Outperform rating on Circle (CRCL) and a $140 price target, implying roughly 60% upside from current levels. Circle shares have risen roughly 40% over the past month.　　Bernstein said the next phase of stablecoin growth could be driven by several factors, including renewed momentum in crypto markets, greater regulatory clarity in the United States, tokenized capital markets and growing adoption of stablecoins for payments. The analysts also pointed to early signs of stablecoin use in payments made by artificial intelligence agents.　　Although USDC remains the second-largest dollar-backed stablecoin by market capitalization, well behind Tether‘s USDt (USDT), it has gained significant ground in transaction activity. Bernstein said USDC’s share of adjusted stablecoin transaction volume rose from roughly 40% in 2025 to more than 60% so far in 2026,

08-25Industry

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