Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Over the past 24 hours, Ethereum traders have endured $296.55 million in liquidations as market volatility surged. Sharp price movements triggered the forced closure of leveraged positions across major exchanges. Short positions were hit the hardest, with rising prices intensifying losses for bearish traders. This spike in liquidations signals increased speculative activity and highlights the risks of heavy leverage during rapid market swings.

Metaplanet’s Q2 2025 report reveals it holds 18,113 BTC, ranking fourth worldwide and first in Asia. The company raised 242.2 billion JPY to buy Bitcoin this year and achieved an impressive 468.1% BTC yield. This strong performance highlights Metaplanet’s leadership in the Bitcoin treasury space and its strategic focus on growth through cryptocurrency investments. The report underscores confidence in Bitcoin’s long-term value and the company’s expanding market presence.

Standard Chartered has significantly raised its Ethereum price targets, now predicting the cryptocurrency will reach $7,500 by the end of 2025, compared to its previous forecast of $4,000. The bank also expects Ethereum to soar to $25,000 by 2028. This upgrade reflects growing optimism about Ethereum’s future, fueled by its expanding real‑world applications and rising investor interest. The forecast signals strong confidence in Ethereum’s long‑term value and role in the evolving digital asset market.

OKX announced a major upgrade to its X Layer blockchain, boosting performance and focusing on DeFi and payments. As part of this, OKX permanently burned 65,256,712 OKB tokens from reserves and buybacks. The OKB smart contract was upgraded to remove minting and manual burns, fixing the total supply at 21 million. OKTChain will be phased out, with OKT tokens swapped for OKB at an average price from July 13 to August 12, 2025. Following the news, OKB briefly hit a $134 all-time high before settling near $129.

Odin.fun, a Bitcoin-based memecoin launchpad, suffered a major exploit resulting in a $7 million Bitcoin loss. Attackers manipulated the price of the SATOSHI meme token in a liquidity pool, inflating its value before draining funds. This caused Odin.fun to suspend all trading and withdrawals to protect users’ assets. The platform’s founder confirmed the breach and said they are investigating while working with security experts and law enforcement. The event has shaken user confidence and disrupted the platform’s operations.

August 2025 — Ethereum’s network activity is surging, with daily transactions hitting a record 1.875 million. The spike in on-chain usage comes as ETH’s price approaches its all-time high of $4,878, last set in November 2021. Analysts note that rising transaction volumes often signal heightened demand for network resources, potentially reinforcing bullish momentum in the market.

CMB International Asset Management has teamed up with Singapore-based DigiFT to tokenize its USD Money Market Fund. This innovative token product, recognized by regulators in Hong Kong and Singapore, is deployed across multiple blockchains including Solana, Ethereum, Arbitrum, and Plume. It supports multi-currency subscriptions and redemptions, offering real-time liquidity through advanced smart contracts. This marks the industry’s first multi-jurisdictional, multi-chain tokenized money market fund, enhancing accessibility for qualified investors on the DigiFT platform.

Grayscale has taken a step toward broadening its crypto offerings by registering Cardano and Hedera Trust ETFs in Delaware. Filed on August 12, 2025, the move suggests possible plans for spot ETFs in both assets. While they still await regulatory approval, this signals Grayscale’s intent to go beyond Bitcoin and Ethereum, giving institutional investors more choice and showing growing interest in a wider range of digital assets.

In August 2025, the Bitcoin Futures Power index fell to zero after a period of positive readings that aligned with BTC’s price growth. This neutral level signals a slowdown in futures market momentum, influenced by open interest, funding rates, and order imbalances. With Bitcoin trading near its all-time high, the index’s neutral stance raises the likelihood of a drop into negative territory, which historically precedes market corrections. This shift highlights cautious sentiment in the Bitcoin futures space despite record price levels.

Fidelity Investments acquired $145 million worth of Ethereum (ETH), reflecting rising institutional demand for the cryptocurrency. This substantial purchase highlights Fidelity’s ongoing commitment to expanding its digital asset portfolio as Ethereum trades near $4,600. The move aligns with a broader trend of increased investment in Ethereum through spot ETFs and other institutional channels, signaling confidence in ETH’s potential within the evolving crypto market landscape.