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Crypto Trends

CoinDesk 20 Index constituents (CoinDesk Indices)
Crypto Trends

Dogecoin Price Prediction: Can DOGE Break $0.22?

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DOGE defended $0.21 and rebounded to $0.22 as volumes jumped (~808.9M). We map the key levels, why $0.225 matters, and what would confirm $0.25.

By Shaurya Malwa, CD Analytics

Updated Sep 1, 2025, 1:36 p.m. Published Sep 1, 2025, 1:36 p.m.

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Polygon Leads Crypto Gains With 16% Weekend Surge as CoinDesk 20 Index Holds Steady

Technical models flag bullish momentum, with support emerging around $0.277–$0.278.

What to know:

  • Polygon’s native token, POL, surged 16% over the weekend, reaching $0.29 for the first time since March.
  • The surge occurred despite the broader crypto market remaining steady, with bitcoin and ether showing only modest gains.
  • Positive developments, such as the U.S. government’s blockchain initiative and a new integration with a Tether-focused protocol, may have supported POL’s performance.



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Top 10 Crypto CEOs by Net Worth in 2025
Crypto Trends

Top 10 Crypto CEOs by Net Worth in 2025

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Key takeaways: 

  • Crypto wealth in 2025 is led by exchange founders and stablecoin creators like CZ, Devasini and Armstrong.

  • Not all crypto billionaires are CEOs — Buterin shows protocol builders can rival corporate giants.

  • A new wave of millionaires is rising from culture, entertainment and Web3-native models like Stake.com.

  • Crypto leadership shifts fast; most top names today weren’t on the radar a decade ago.

The crypto market is back in full force as of mid-2025. Total capitalization has surged to $3.8 trillion (up over 130% year-on-year), which has sparked a new surge of wealth across the industry. At the center of it all are the people pulling the levers: the top 10 crypto CEOs shaping this cycle. This list ranks the richest people in crypto today, based on publicly available data from onchain trackers, investor reports and other credible sources.

Did you know? The Winklevoss twins converted their $11-million Facebook settlement into Bitcoin (BTC) in 2012, making them among the first-ever Bitcoin billionaires.

1. Changpeng Zhao net worth 2025 (Binance): Around $62.9 billion

Changpeng “CZ” Zhao remains the undisputed heavyweight of the crypto billionaire class in 2025. Despite stepping down as Binance CEO in late 2023 and serving a short sentence following a historic $4.3-billion regulatory settlement, CZ still holds roughly 90% of the world’s largest crypto exchange and a sizable cache of BNB (BNB) tokens.

His estimated net worth sits at $62.9 billion, according to Bloomberg and Datawallet, placing him firmly atop the crypto wealth ranking 2025. Few crypto tech CEOs have shaped the market more than CZ. 

While his public presence has waned, his portfolio influence remains massive — especially as BNB continues to power a wide swath of decentralized finance (DeFi) and exchange activity.

2. Giancarlo Devasini (Tether/Bitfinex): Around  $22.4 billion

As chief financial officer of Bitfinex and a founding force behind Tether, Giancarlo Devasini is a key figure behind Tether’s USDt (USDT), the most traded digital asset on Earth. With an estimated 47% stake in Tether, Devasini’s net worth has climbed to $22.4 billion, which makes him one of the top crypto billionaires of 2025.

He seemingly prefers to keep a low profile and is rarely seen in public. Devasini operates from Switzerland but wields immense behind-the-scenes influence over stablecoin flows and market liquidity. He’s part of the new breed of digital asset moguls: quiet, strategic and central to the plumbing of crypto markets.

If you are tracking crypto business tycoons, few have more sway over daily volume than Devasini.

3. Brian Armstrong (Coinbase): Around  $9.6 billion-$12.8 billion

Brian Armstrong remains at the helm of Coinbase and continues to be one of the most visible crypto industry leaders. He holds around 14%-15% of the company, which makes his net worth somewhere between $9.6 billion and $12.8 billion, depending on stock valuation.

Armstrong has become a fixture in both tech and finance circles over the years and has played an instrumental role in bridging Web2 structure with Web3 ideals.

4. Michael Saylor (Strategy, formerly MicroStrategy): Around $10.1 billion

Michael Saylor, now executive chairman of the rebranded Strategy, remains the loudest Bitcoin bull on the planet, and he’s backed it up with staggering numbers. Personally holding about 17,700 BTC and owning a large share of Strategy, his total net worth is estimated at $10.1 billion. 

As of mid-2025, Strategy controls over 628,000 BTC — worth around $72 billion — making it the largest corporate Bitcoin holder by a wide margin. The company’s stock has surged nearly 700% in the last year, mirroring BTC’s explosive run.

Saylor is often viewed as the philosopher king among crypto CEOs.

5. Chris Larsen (Ripple Labs): Around  $7 billion-$8 billion

Ripple’s Chris Larsen has bounced back from relative quiet and made it to the list of top 10 crypto CEOs by net worth in 2025. After a sharp dip in 2024, XRP’s (XRP) price recovery and Ripple’s expansion into real-world asset tokenization have boosted its net worth to an estimated $7 billion-$8 billion.

Larsen holds roughly 2.6 billion XRP tokens and a sizable equity stake in Ripple Labs, the company he co-founded and still chairs. He remains an influential voice on crypto regulation and cross-border payments even after stepping down as Ripple CEO in 2016.

He continues to represent the old guard in 2025 — still powerful, still relevant and still climbing the crypto wealth ladder.

6. Jed McCaleb (Stellar, ex‑Ripple/Mt. Gox): Around  $2.9 billion

Few names in crypto history carry as much technical legacy as Jed McCaleb. One of the co-founders of Mt. Gox, Ripple and now chief technology officer of Stellar, McCaleb has shaped the infrastructure of digital assets since the early days. 

His fortune (estimated at $2.9 billion as of April 2025) comes primarily from early XRP allocations and Stellar equity.

Although he sold most of his XRP under court-mandated agreements, McCaleb’s long-term influence remains. Beyond blockchain, he now splits his time between Stellar protocol development and his aerospace startup, Vast.

He’s a prime example of blockchain company founders who move beyond finance, changing what it means to be a crypto tech CEO in 2025.

7. Mike Novogratz (Galaxy Digital): Around  $2.7 billion

A former hedge fund manager turned digital asset mogul, Mike Novogratz remains one of the most outspoken crypto influencers of 2025. As founder and CEO of Galaxy Digital, he owns approximately 54% of the firm, which holds over 17,000 BTC and continues to be a key player in institutional crypto finance.

Despite market swings, his net worth holds at $2.7 billion, according to recent filings and Forbes’ 2025 estimates. Novogratz’s fortune is deeply tied to Galaxy’s equity and crypto reserves, which makes him a familiar name on any serious Bitcoin billionaire list in 2025.

Did you know? Crypto executive Mike Novogratz once boasted of being the only person in the world to have both a Bitcoin tattoo and a Luna tattoo (a nod to risk-taking in volatile markets).

8. Barry Silbert (Digital Currency Group): Around  $3 billion-$3.2 billion

Founder of Digital Currency Group (DCG), home to Grayscale, Genesis and CoinDesk, Barry Silbert remains a heavyweight in venture crypto finance. Though his estimated $3 billion-$3.2 billion fortune has faced headwinds following Genesis’ insolvency and legal scrutiny, he remains one of the original crypto business tycoons.

Silbert’s early bets on Bitcoin, Ethereum and dozens of startups cemented his role in the ecosystem’s institutional growth. Even in a post-contagion world, DCG’s reach still makes him one of the most consequential crypto industry leaders in the world.

9. Bijan Tehrani (Stake.com): Around  $2.8 billion

Bijan Tehrani, co-founder of Stake.com, represents a different breed of crypto billionaire: one built on entertainment. With an estimated net worth of $2.8 billion (Forbes, May 2025), Tehrani has ridden the wave of crypto-enabled gambling and streaming partnerships.

Stake’s explosive growth, fueled by influencer deals and high-profile sponsorships, has placed Tehrani among the crypto millionaires under 40. While not a protocol builder, his stake in the culture-driven side of Web3 shows how far crypto has extended into lifestyle and entertainment.

10. Vitalik Buterin (Ethereum Foundation): Around  $1.025 billion

Though not a CEO in title, Vitalik Buterin remains the intellectual core of Ethereum and a pillar of modern crypto. As of July 2025, his known wallets hold around 278,000 Ether (ETH), valued at over $1.025 billion, according to Nansen and 99Bitcoins.

Buterin’s fortune may be modest compared to exchange moguls and stablecoin tycoons, but his impact is unmatched. He continues to guide Ethereum’s evolution, most recently with the Fusaka upgrade and expansion of layer-2 ecosystems.

Did you know? Despite a net worth of only a few million dollars, David Chaum, who proposed a nearly complete blockchain design in his 1982 Berkeley dissertation, is considered the “godfather of cryptocurrency.” 

Crypto industry leaders and the Bitcoin billionaire list of 2025

As of mid-2025, the richest figures in crypto remain familiar names: CZ, Devasini and Armstrong. Exchange founders, stablecoin creators and platform leaders dominate the top ranks.

But the list also shows multiple paths to wealth. Buterin exemplifies protocol-driven fortunes, while Tehrani highlights how culture and entertainment drive new billionaires.

One final note: A decade ago, most of these names were unknown. By the next cycle, today’s rising founders could be tomorrow’s crypto billionaires.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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Australia’s Retirement System Emerges As New Crypto Frontier
Crypto Trends

Australia’s Retirement System Emerges as New Crypto Frontier

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Australia’s retirement system, which manages A$4.3 trillion ($2.8 trillion) and known for being well-regulated, is becoming a new hub for cryptocurrency investment. Major crypto exchanges like Coinbase Global Inc. and OKX are launching products to channel pension funds into crypto, signaling a shift toward mainstream financial acceptance. 

As per a report by Bloomberg, the focus is on self-managed superannuation funds (SMSFs), which account for about a quarter of Australia’s pension pool. Unlike regular pensions, which mostly stay away from cryptocurrencies, SMSFs are do-it-yourself funds that allow individuals to have a lot of freedom in choosing their investments.

Fabian Bussoletti, Technical Manager at the SMSF Association, noted, “It does make sense that we’re probably seeing a bit more interest in crypto in the self-managed super fund space first.” Coinbase is close to launching a dedicated SMSF service, with over 500 investors on its waiting list, according to Asia-Pacific Managing Director John O’Loghlen. 

OKX introduced a similar offering in June, with demand surpassing expectations, as shared by Kate Cooper, CEO of its Australian arm. Crypto holdings in SMSFs remain modest at A$1.7 billion as of March, a sevenfold rise since 2021, per Australian tax office data. Both exchanges anticipated that this trend would grow, pressuring regulators and institutional funds to address crypto exposure.

OKX and Coinbase Support SMSF Setup

OKX and Coinbase will assist investors in setting up SMSFs by connecting them with accountants and law firms, though no minimum balance is required. However, ongoing costs, including mandatory independent audits, make SMSFs viable mainly for larger accounts. O’Loghlen said the product targets buy-and-hold investors, not active traders. 

A Coinbase poll indicated that 80% of waiting-list investors plan to create new SMSFs, with 77% intending to invest up to A$100,000 in digital assets. Demand varies by age. The Baby Boomer generation, often influenced by their children, add crypto to existing accounts, while younger investors open SMSFs earlier, heavily favoring digital assets. 

ASIC Cautions on Volatility

On July 14, 2025, the price of Bitcoin reached an all-time high of $121,000. Which has indicated a 23% increase in its daily trading volume. Further, last month, the U.S. President Donald Trump signed an executive order easing retirement fund access to crypto. The Australian Securities and Investments Commission (ASIC) warned that crypto’s volatility could lead to significant losses, urging consultation with advisors. 

Further, the Australian Tax Office spokesperson has emphasized preserving savings for retirement. Last month, Australia’s financial crimes agency ordered Binance’s local arm to appoint an external auditor over money laundering concerns, amid global scrutiny of the sector.

Also Read: Binance Appoints SB Seker As New Head Of Its Asia-Pacific Region



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Gold Killing Bitcoin? Bizarre Correlation Spotted
Crypto Trends

Gold Killing Bitcoin? Bizarre Correlation Spotted

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  • Bitcoin is secured
  • Why Bitcoin loves gold

Bitcoin lost numerous critical levels, and gold soared to new heights: This certainly wasn’t in most traders’ playbooks. It appears that gold is killing Bitcoin’s momentum and becoming the true safe-haven asset.

Bitcoin is secured

Despite what short-term charts may indicate, the rally in gold may actually support Bitcoin’s long-term argument. With a clear break above the $3,500 resistance level, gold futures have completed a multi-month consolidation breakout. With bullish flashing momentum indicators, the move is supported by strong volume.

Source: Will Clemente

Historically, the demand for gold has been driven by inflation, geopolitical unpredictability and waning fiat confidence, all of which investors seem to be protecting themselves against. Bitcoin has found it difficult to stay competitive in this environment. Since failing to hold the $120,000 zone, Bitcoin has weakened and fallen to $107,000, breaking below its 50-day EMA.

On the surface, the divergence appears to be a zero-sum game in which Bitcoin loses as capital rotates into gold. However, the correlation isn’t as harmful as it first appears to be. Actually, the strength of gold only serves to strengthen the larger anti-fiat thesis that both assets are associated with.

Why Bitcoin loves gold

Bitcoin thrives on the narrative that hard assets are outperforming fiat currencies, which is reinforced by each new gold high. Despite the temptation for Bitcoin holders to see gold’s breakout as a danger, it actually makes Bitcoin more vulnerable to memes. Bitcoin proponents will once more highlight BTC’s greater upside potential in comparison to the boomer rock, if gold can firmly establish itself at $3,600 or higher.

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The argument that Bitcoin’s eventual run could outpace gold’s measured gains is strengthened by the fact that the comparison gap widens as gold prices rise. Does gold kill Bitcoin? Maybe in the short term. The breakout momentum of gold is evident, but the Bitcoin charts appear fragile.

Long-term, however, the gold rally might just pave the way for Bitcoin’s story to gain momentum. Bitcoin owners shouldn’t worry just yet, because the race isn’t finished, even though the baton may have momentarily shifted to gold. This strange correlation is simply another chapter in the conflict between fiat money and hard assets.



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Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))
Crypto Trends

PEPE Slips as Whale Offloads $4.8M Stake, Still Outperforms Memecoin Sector

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Popular memecoin PEPE dropped roughly 1% as a major token holder sent 500 billion tokens valued around $4.8 million to Binance, adding selling pressure to the token.

The move comes amid a 40-day downtrend that cost the trader roughly $450,000. Tokens are often transferred to accounts on exchanges in preparation for an impending sale. The token most recently traded at $0.00000992, according to market data, bouncing from earlier lows near $0.00000938. Prices swung within a 6% range before recovering toward resistance at $0.00000983.

The whale, according to blockchain data, is still holding onto 1.5 trillion PEPE tokens worth more than $14 million.

More than 3.26 trillion PEPE tokens changed hands during the session, with the strongest volumes recorded during the recovery phase, according to CoinDesk Research’s technical analysis data model.

After dipping to the session’s low, PEPE rebounded sharply as buyers stepped in at support levels. That surge lifted the price close to an intraday peak.

The market responded to the transfer with sustained buying interest, a sign of confidence or opportunistic accumulation. Still, bearish pressure hasn’t vanished. Resistance remains firm just below $0.00001, and price action continues to test support levels.

Nansen data supports the case for opportunity accumulation, as it shows that PEPE whales on Ethereum added 1.46% to their holdings over the past 30 days.

PEPE is outperforming the broader memecoin market. As measured by the CoinDesk Memecoin Index (CDMEME), the sector lost almost 3% of its value over the past 24 hours, more than PEPE’s near 1% decline.



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Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)
Crypto Trends

New Pump.fun Token Explodes with $1.8M Volume in 24h, Digital Wallet Adoption Soars Globally, and More…

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode

Check out our Live Next Crypto to Explode Updates for September 1, 2025!

Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination.

Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain.

Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 39,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions.

Explosive potential is probably the single best description for what we’re seeing today in crypto.

Quick Picks for Coins with Explosive Potential

If you’re looking for the most recent insights on the next crypto to explode, stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode.

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

Next Crypto to Explode After Whales Snap Up 340M $XRP in Two Weeks

September 1, 2025 • 11:00 UTC

$XRP might be in a slump at the moment, but that hasn’t stopped whales from buying up the coin in the second half of August.

Crypto analyst Ali Charts confirmed this via a post on his X page.

This could signal that large investors remain bullish on $XRP or many are buying the dip, as it is currently trading $2.81, down by 4.32% in the last seven days, according to CoinMarketCap data.

The cryptocurrency has also seen a massive trading volume of $5.78B in the past 24 hours, translating to a 75.53% jump.

Continued bullishness on cryptocurrencies could be a boon for Best Wallet Token ($BEST), which is raising funds to support its crypto wallet of the same name.

It has raised over $15.3M, making it one of the most likely to be the next crypto to explode.

Learn more in our ‘What is Best Wallet Token’ page.

Digital Wallets Account for 16% of Online Payments – This Wallet Currency Could Be the Next Crypto to Explode

September 1, 2025 • 10:00 UTC

The US is warming up to digital wallets, a new market study by PYMNTS shows. And it’s not Gen Z leading the charge.

Here’s what the PYMNTS report revealed:

  • For online payments, credit cards and digital wallets are the most popular.
  • 16% of survey respondents said they used digital wallets for recent purchases.
  • Digital wallets have seen the highest adoption rate among Millennials and Gen Xers.
  • Security and ease were the most commonly cited reasons for using credit cards online.

Older consumers are also warming up to digital wallets, the data suggests.

We also know that crypto adoption is on the rise, having nearly tripled since 2021. Today, approximately 28% of American adults own digital assets.

As the growing adoption of digital wallets, crypto, and self-custody solutions converge, Best Wallet Token ($BEST) could be the next crypto to explode in the upcoming years.

Its digital crypto wallet bridges the gap between retail and crypto in several ways — easy onramping, stablecoin support across multiple chains, and an upcoming debit card with a cashback program.

Visit $BEST’s 15.3M+ presale for more details.

New Pump.fun Token Hits $1.8M in 24H Volume. Proof That Any Meme Coin Has the Potential to Explode?

September 1, 2025 • 10:00 UTC

A new mystery token broke the meme coin market.

Put out via Pump.fun’s launchpad, the unnamed, ticketless coin reportedly reached $1.8M in trading volume within its first 24 hours. Pump.fun later took to X, posting a cryptic message that further fueled hype and speculation. However, there have been no new developments since.

But it wouldn’t be the first time when crypto traders have pumped the most bizarre projects. Look no further than $FARTCOIN – a token that serves no purpose, yet somehow maintains a $737M+ market cap and $110M+ daily trading volume.

Some coins aren’t even trading, but are already making waves among degens.

Maxi Doge ($MAXI), for example, is nearing $2M+ raised during presale just weeks after the ICO launched. Unlike the hundreds of new coins popping up recently, though, this one benefits from viral meme branding.

A gym-bro Giga Doge obsessed with leverage maxxing and chasing the pump? Investors are saying ‘yes,’ and our $MAXI price prediction sees the potential for a 9x pump this year.

See the meme on Maxi Doge’s website.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

Former Cred Execs Sentenced to Federal Prison For $150M Crypto Fraud

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A federal judge on Friday handed prison terms totaling nearly eight years to two former executives at failed crypto lender Cred, whose actions fueled one of crypto’s worst investor losses.

Legal experts told Decrypt that the sentences establish new precedents for executive accountability in crypto fraud cases.

Daniel Schatt, former CEO and co-founder of Cred LLC, received 52 months in federal prison, while the firm’s Chief Financial Officer Joseph Podulka was sentenced to 36 months.

Senior U.S. District Judge William Alsup handed down the sentences after both men pleaded guilty in May to wire fraud conspiracy charges.

The executives misled customers about Cred’s financial health while secretly funneling 80% of customer assets into high-risk microloans to Chinese gamers through an affiliated company.



When the scheme collapsed during 2020’s crypto market crash, more than 440,000 customers lost $140 million, now worth over $1 billion at current prices.

Ishita Sharma, a blockchain and crypto lawyer and managing partner at Fathom Legal, told Decrypt that federal sentencing patterns in crypto fraud cases now clearly differentiate based on several key factors.

“Schatt’s 52-month sentence is shorter than Sam Bankman-Fried’s 25 years but longer than several plea-based cases,” Sharma noted.

She said the sentences show courts weigh “loss amount, role in offense, and acceptance of responsibility,” with the 16-month gap between CEO and CFO reflecting “leadership hierarchy and culpability levels.”

“Courts must balance individual circumstances with sending clear signals to the market,” Sharma said, noting that guilty pleas reduce exposure but sentences must still reflect “the severity of betraying customer trust in an emerging industry.”

During a March 18, 2020 public session, Schatt told customers Cred was “operating normally” despite knowing the company faced a liquidity crisis.

The company lost an additional $9 million to a crypto scam and suffered further losses when Chief Capital Officer James Alexander allegedly appropriated approximately 255 BTC before being terminated.

Sharma said the Cred case reflects broader enforcement trends where “courts increasingly consider the reputational damage to the entire crypto sector when sentencing individual executives.”

She told Decrypt that judges now weigh whether sentences “properly deter similar misconduct while maintaining proportionality to the specific harm caused.”

For crypto platforms steering through regulatory uncertainty, Sharma said proactive disclosure is vital, urging a “‘regulation-by-analogy’ approach” that borrows from securities, banking, and commodities law.

“The key lesson from Cred is that opacity in gray zones invites aggressive enforcement—companies should over-disclose rather than exploit regulatory gaps,” she said.

Both men will begin serving their terms on October 28, followed by three years of supervised release. A restitution hearing is scheduled for October 7.

In addition to prison time, Judge Alsup ordered each man to pay $25,000 fines and serve three years of supervised release.

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PENGU price drops 35% but September rebound hopes rise
Crypto Trends

PENGU price drops 35% but September rebound hopes rise

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PENGU price has fallen sharply from its late-July peak, yet analysts suggest the decline could set the stage for a stronger rebound in September.

Summary

  • PENGU trades at $0.027, down 35% from July’s local high.
  • NFT market slump and ETH pullback drove selling pressure.
  • Analysts see September catalysts as setup for a rebound.

The Pudgy Penguins (PENGU) token is trading at $0.027 as of press time, down roughly 35% from its July 28 local high of $0.043. After declining 13% over the past week and 20% over the past 30 days, the token is nearly 60% below its peak of $0.068 set in December 2024. 

Despite the price decline, trading activity is still strong. PENGU recorded $214.8 million in spot volume over the past 24 hours, up 15% from the day before. Derivatives data from Coinglass show futures turnover rising 24% to $586 million, while open interest dropped 5.3% to $275 million.

During a pullback, rising volume combined with declining open interest often shows that traders are closing positions rather than building new leverage, indicating cautious sentiment.

PENGU price market drivers and sentiment shift

PENGU’s drop is a reflection of the overall cooling of the NFT market, whose monthly volume dropped from a peak of $8.2 billion on Aug. 14 to $6 billion as of press time. Ethereum’s (ETH) price retreat also weighed on valuations despite positive ecosystem developments.

The transition of PENGU from an NFT-linked token to a utility-driven brand has been taking place. The launch of Pudgy Party, a Web3 mobile game on Aug. 29 that quickly surpassed 50,000 downloads and ranked in the top 10 of the App Store, introduced direct utility for the token through in-game purchases and staking rewards.

Short-term on-chain demand, including activity tied to Pudgy Penguins’ mobile game downloads, has not offset profit-taking and portfolio rebalancing by holders.

Still, analyst Ali Martinez suggested in a Sept. 1 post on X that the correction looks like a healthy pause before the next leg higher, pointing to September as a potential turning point for momentum.

PENGU price technical analysis

Chart indicators point to consolidation at current levels. The relative strength index, which is presently trading at about 41, a neutral zone just above oversold territory, suggests that there may be room for growth if buyers step in. The Williams %R has already entered deep oversold conditions, historically a reversal zone for PENGU.

PENGU daily chart. Credit: crypto.news

Momentum and MACD levels remain negative, and most short- and mid-term moving averages are skewed downward, suggesting short-term bearish pressure. However, the 100-day and 200-day averages continue to be supportive and could sustain the longer-term trend.

If $0.027 continues to be a support base, the next upward target is near $0.032, which is consistent with the 20-day moving average. If current levels are not defended, there may be a retest of the $0.025 region.

Given that Q4 usually signifies periods of peak momentum and September is believed to be a historically active month for cryptocurrency markets, the token’s position around significant support levels may determine its next move.



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Raoul Pal Predicts Total Crypto User Base 4B By 2030.
Crypto Trends

Raoul Pal Predicts Total Crypto User Base 4B By 2030.

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The total number of crypto users could hit the 4 billion mark by 2030, according to former hedge fund manager and crypto bull Raoul Pal.

In an X post on Sunday, Pal shared data comparing the adoption rate of crypto users to internet users after each innovation hit 5 million users.

Pal did this by looking at the number of crypto wallets compared to the number of IP addresses.

Source: Raoul Pal

According to Pal, the total crypto user base has grown by 137% annually in nine years and has reached 659 million users by the end of 2024. In comparison, the total number of internet users hit 187 million by the end of 2000, at an annual growth rate of 76%.

Pal predicts the number of crypto users will grow by a moderate 43% next year, reaching 1 billion crypto users by 2030, or one-eighth of the global population. 

$100 trillion market capitalization

Pal’s bullish forecast further predicts that crypto’s market capitalization could cross the $100 trillion mark within the next decade and be achieved as early as 2032.

Debasement and adoption would likely be the primary catalysts for this growth, according to Pal.

“Debasement explains 90% of price action (adoption explains 100% of outperformance vs debasement),” said Pal, who is the founder and CEO of the financial knowledge and education platforms Real Vision and Global Macro Investor.

Related:  Exponential currency debasement: ‘You don’t own enough crypto, NFTs’ 

Community taps brakes on Pal’s bullish take

Some comments on Pal’s X post, however, suggest Pal could be overestimating things. 

One X user said that wallets are not a reliable source of growth, with another suggesting that a founder of a crypto project could simply open “10000 wallets and spreading coins to make it look like he has a community.”

Another user pointed out that they create a new wallet every six months and have been doing so for the past four years.

However, Pal responded, arguing that everyone has multiple IP addresses, too. 

According to the B2B digital currency platform Triple-A, there were more than 560 million crypto users by the end of 2024.

Meanwhile, an October 2024 report by Andreessen Horowitz’s crypto division indicates roughly 30 million to 60 million real crypto users monthly.

Magazine: XRP ‘cycle target’ is $20, Strategy Bitcoin lawsuit dismissed: Hodler’s Digest, Aug. 24 – 30



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These Were Biggest Crypto Hacks of August
Crypto Trends

These Were Biggest Crypto Hacks of August

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  • Biggest crypto hacks of August 
  • Notable increase 

According to data provided by blockchain security firm PeckShield, roughly $163 million worth of crypto was lost in August to hackers. Overall, a total of 16 cryptocurrency trading platforms were compromised. 

Biggest crypto hacks of August 

An anonymous Bitcoin (BTC) holder suffered the biggest cryptocurrency hack of August, suffering a total loss of $91.4 million.

Major Turkish exchange BtcTurk, which suffered its second major security breach in a little over a year in August, parted ways with $54 million.  

As reported by U.Today, Bitcoin-based meme-coin launchpad ODIN•FUN lost $7 million due to a sophisticated price manipulation exploit. 

BetterBank and CrediX Finance are also in the top 5, losing a total of $5 million and $4.5 million, respectively. 

Notable increase 

The total sum of cryptocurrency losses has grown by 15% compared to July (from $142 million to $163 million). 

As reported by U.Today, Indian exchange CoinDCX endured the biggest cryptocurrency hack of July ($44.2).



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