Author: Ibrahim Abdulaziz Adan

BlackRock’s Bitcoin ETF reached a record $91.06 billion in assets, leading all competitors by a wide margin.  After hot inflation data spooked traders, Bitcoin hit new highs near $124,000 but dropped below $118,000.  The market selloff caused over $1 billion in crypto liquidations within 24 hours. BlackRock’s Bitcoin ETF (IBIT) has achieved a milestone $91.06 billion in assets under management, establishing itself as the undisputed leader among U.S. spot Bitcoin exchange-traded funds. The fund’s remarkable performance continues despite recent market turbulence that saw Bitcoin retreat from record highs. According to SoSoValue data, IBIT recorded cumulative net inflows of $58.04 billion…

Betting platforms show 99% odds for spot Solana ETF approval in 2025 after a staking ETF launched successfully in July. The SEC acknowledged Invesco Galaxy’s application, and multiple major firms, including Fidelity and VanEck, have submitted similar proposals. Based on current review processes, industry experts predict approvals could come as early as October 2025. The race for a spot Solana ETF in the United States has intensified significantly. Multiple asset managers have submitted applications to the Securities and Exchange Commission. Betting platforms now show 99% approval odds for 2025, reflecting strong investor confidence in regulatory approval. Source: Polymarket, Spot Solana…

Coinbase completed its $2.9 billion acquisition of derivatives platform Deribit through a cash and stock deal.  The move creates what Coinbase calls the most comprehensive global crypto derivatives platform and supports their “Everything Exchange” vision.  After the announcement, COIN stock dropped 2% despite Deribit recording $185 billion in July trading volumes. Coinbase has completed its acquisition of cryptocurrency derivatives platform Deribit for $2.9 billion. The deal, announced in May 2024, represents a major step in Coinbase’s strategy to become a comprehensive trading platform for all crypto products. The acquisition combines cash and stock components. Coinbase paid $700 million in cash…

BNB reached a new all-time high, and major companies like BNC are buying hundreds of millions worth of tokens for their treasuries. A potential BNB ETF approval could bring more institutional money while the token burns over $4 billion annually to reduce supply. Technical charts show bullish patterns, and BNB could hit $1,000 soon, but falling below $792 would signal trouble. Binance Coin (BNB) reached a new all-time high this week, extending its impressive three-day winning streak. The cryptocurrency has broken through key resistance levels, signaling strong bullish momentum that could propel prices toward the $1,000 target. The rally comes…

U.S. Treasury Secretary Scott Bessent announced the government will stop selling its $15-20 billion Bitcoin reserve but won’t buy more cryptocurrency. Bitcoin hit a new record high of $123,360 before dropping to $117,638 after heavy selling pressure emerged. The U.S. Bitcoin holdings come from seized assets through criminal investigations, and the government views them as complementary to gold reserves. U.S. Treasury Secretary Scott Bessent confirmed the federal government will cease selling its Bitcoin holdings, valued between $15 billion and $20 billion. The announcement marks a strategic shift in how America manages its cryptocurrency reserves. Bessent ruled out new acquisitions for…

U.S. PPI data jumped to 3.3% yearly and 0.9% monthly, beating expectations and sparking inflation concerns. Bitcoin crashed below $120,000 as the hot inflation data reduced the chances of September Fed rate cuts. Higher producer prices may force the Federal Reserve to keep interest rates elevated longer than expected. Bitcoin experienced a sharp decline after releasing unexpectedly high U.S. Producer Price Index data. The cryptocurrency fell below the crucial $120,000 level as inflation concerns dampened investor sentiment across risk assets. The U.S. Bureau of Labor Statistics reported PPI growth of 3.3% year-over-year in July, significantly exceeding analyst expectations of 2.5%.…

Hyperliquid hit record $6.2 billion AUM with $395 million daily inflows and Galaxy Digital’s $100 million deposit. Platform now holds 70% of Arbitrum’s USDC liquidity and ranks third globally among derivatives exchanges. HYPE token rose 5% amid native USDC integration and surging DeFi futures trading volumes. Hyperliquid has achieved a new milestone with assets under management (AUM) hitting $6.2 billion, driven by substantial institutional inflows and growing market confidence. The decentralized derivatives exchange recorded this breakthrough on August 13, marking a significant expansion in its market presence. The surge was primarily fueled by a single-day net inflow of $395 million,…

Battlefield 6 Open Beta Weekend 2 runs from August 14-17 with daily rotating playlists and multiple game modes.  DICE added a Custom Search feature that lets players choose preferred map and mode combinations for matchmaking.  The beta attracted over 500,000 Steam players during Weekend 1 and aims to gather feedback before the October launch. DICE has announced the launch of Battlefield 6 Open Beta Weekend 2, which begins today at 8 am UTC and runs through Sunday, August 17. The developer has introduced significant changes following feedback from the inaugural beta weekend, which attracted over 500,000 concurrent players on Steam…

XRP broke above a bullish pennant pattern and targets $6 after a potential 65% rally from the $3.66 resistance level. Whales accumulated over 320 million XRP tokens in three days while the XXRP ETF attracted $462 million in assets. Technical indicators show room for growth with RSI at 57 and MACD remaining positive despite recent market consolidation. At the time of writing, XRP is trading at $3.21 on August 14, showing a modest 2.1% decline despite maintaining strong bullish momentum over the past 24 hours. The cryptocurrency has successfully broken above a bullish pennant formation, signaling potential continuation of its…

Ripple CTO David Schwartz praised XRPL’s 13-year track record and battle-tested infrastructure as superior to newer blockchain networks. Grape’s validator identified suspicious XRP transactions exceeding 140,000 tokens between major exchanges and claims this could be wash trading manipulation. Despite ongoing price manipulation concerns, XRPL’s tokenized real-world assets grew from $5 million to over $118 million in six months. Ripple’s Chief Technology Officer, David Schwartz, has reinforced his confidence in the XRP Ledger’s infrastructure capabilities. His comments come as fresh allegations about potential XRP price manipulation surface within the cryptocurrency community. Schwartz highlighted the XRPL’s 13-year operational history as a significant…