BREAKING: $5 BILLION BTC WHALE BUYING UP TO $1 BILLION $ETH
A whale holding over $5B of BTC is currently buying $ETH. He just moved $1.1 BILLION of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL.
This whale bought $2.5 BILLION of ETH last week, and… pic.twitter.com/cMQWrYBmZb
— Arkham (@arkham) August 29, 2025
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Japanese gaming platform Gumi has expanded its foray into the crypto treasury strategy ecosystem with a $17 million initial splash on XRP.
Summary
Gumi, a Tokyo-listed video game developer backed by financial services and investment giant SBI, has picked Ripple’s XRP (XRP) for its crypto treasury asset. The company announced on Aug. 29 that it had purchased approximately $17m worth of XRP, beginning its accumulation of the cryptocurrency as a balance sheet asset.
The move, which will see Gumi buy Ripple’s native token over the next several months, adds to the video game developer’s earlier purchase of Bitcoin (BTC). The company bought 80,352 BTC for about $6.7 million earlier this year, with the strategy including staking on platforms such as Babylon.
Investment in XRP as part of Gumi’s crypto strategy aligns with plans to tap into opportunities across the blockchain ecosystem, the company said.
“Through contributing to the expansion of the XRP ecosystem, which plays an important role in the international remittance and liquidity network strategy primarily promoted by SBI Holdings, we aim to expand revenue opportunities in that business,” it said in a post on X.
XRP is among top altcoins that are attracting a lot of attention, with more public companies coming forth with treasury strategy plans.
On Aug. 29, Everything Blockchain joined VivoPower in tapping into Flare Network for its XRP strategy move. Everything Blockchain announced it had sealed a memorandum of understanding with Flare to explore an XRP yield strategy.
VivoPower recently initiated a $100 million XRP deployment via Flare and Everything Blockchain looks to take a similar route into leveraging yield opportunities with the Ripple cryptocurrency.
“This is about unlocking the true financial utility of digital assets like XRP, not just as speculative holdings, but as yield bearing instruments that can compound over time,” said Arthur Rozenberg, chief executive officer of Everything Blockchain. “Flare gives us the rails to do this in a way that meets the governance, security, and auditability standards required of public companies.”
China’s Webus International, Trident Digital and Nature’s Miracle are among companies to recently unveil XRP treasury strategies. These moves come as Ripple, the company behind XRP, looks to expand its global reach following years of constraint amid a legal tussle in the United States.
The crypto market is in red today as major tokens lost an average of 5% in the last 24 hours. In fact, the overall market valuation is down by 4% to $3.77 trillion despite a 10% surge in the overall trading activity which sits at $192.06 billion in volume over the same period.
For instance, Bitcoin is trending downward after it hit a new all time high of $124 on Aug 12. Since then, the token has been dropping with strong momentum and failing to break structure to the upside.
At the time of writing this report, Bitcoin is trading for $108,840, down 3.69% from yesterday, despite a modest 7.75% rise in trading activity which resulted in $68.72 billion in trading volume. With that, that market capitalization has dropped by 3.77% and now sits at $2.16 trillion.
Cronos CRO saw the largest dip so far with a 10% drop in 24 hours. At the time of writing this report, CRO is trading for $0.28, a major drop from its intraday high of $0.34 which it was trading during the Asia trading hours.
At the same time, trading activity is down by 52.01% from the previous day. This led to a $1.16 billion in trading volume with $13.66 billion in trading volume, according to CoinMarketCap.
Despite the overall drawdown, some altcoin, especially Pyth Network, have managed to gain an incredible 17% in the last 24 hours. The token is currently trading for $0.2192 and leading the top crypto gainers on CoinMarketCap.
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This is thanks to a massive 422.85% surge in its trading activity which saw $2.53 billion in volume. The market cap currently sits at $1.26 billion, up 16.68% in 24 hours.
GainerLoserPyth Network (PYTH): +17.02%SPX6900 (SPX: -12.63Pump.fun (PUM): +10.3%Cronos (CRO): -12.11%Pi (Pi): +1.97%Fartcoin (FARTCOIN): -9.70%Four (FORM): 1.96%Pendle (PENDLE): -9.37%
According to CoinMarketCap, the Fear and Greed index is at 47, which is neutral. This means investor sentiment is steady. Now lets check what some specific coins faced today.
The recent data from Coinglass show that about $545.87 billion were lost in total. $453.34 million from that amount came from traders who took long positions while $92.58 million came from short. Meanwhile, 143,175 traders were liquidated in the last 24 hours.
Also Read: Michael Saylor Faces Backlash as His Bitcoin Premium Sinks
Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.
In a speech in Miami on Thursday, Federal Reserve Governor Christopher Waller voiced his support for an interest rate cut in September, saying he would entertain a bigger move if labor market data continues to weaken.
“Based on what I know today, I would support a 25 basis point cut at the Committee’s meeting on September 16 and 17,” Waller said during the speech.
Waller is considered to be on the short list of potential replacements for Fed Chair Jerome Powell next year and was one of two Fed governors to dissent from the July FOMC decision to hold benchmark interest rates steady.
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Fed Chair Jerome Powell hinted at a potential rate cut in September in his recent address, lifting expectations in the market.
The crypto market saw fresh selling pressure in the early Friday session amid hotter than expected inflation data.
Major cryptocurrencies fell, with Bitcoin dropping nearly 5% to trade near $108,000. XRP, Dogecoin, Stellar (XLM), Shiba Inu, Cardano (ADA) and Chainlink (LINK) reported losses between 4% and 8%.
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Inflation rose in July, according to the Federal Reserve’s preferred inflation measure. On the monthly basis, the core PCE index increased 0.3%, in line with expectations. The personal consumption expenditures price index, which the Fed uses as its forecasting tool, showed that core inflation ran at a 2.9% seasonally adjusted annual rate, up 0.1 percentage point from June and the highest annual rate since February.
With a target of 2%, the report shows the economy is still a distance from where the Fed feels comfortable. However, markets expect the Fed to resume lowering its benchmark interest rate when policymakers convene next month, which is bullish for cryptocurrencies.
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Even though Ethereum is facing bearish action after a pullback from its all-time high a few days ago, the second-largest crypto asset is still holding remarkably well above the $4,000 price mark. There has been a notable bullish response from ETH investors in the midst of the waning price action, as indicated by a rise in demand.
Ethereum has continued its downward trend as the broader crypto market exhibits bearish action. Despite the continued negative pressure on price, Darkfost, an author and market expert, has disclosed a resurgence in sentiment among Ethereum investors on the largest crypto platform, Binance.
Darkfost highlighted that Ethereum’s market dynamics are shifting once again as fresh data reveals a sharp decline in reserves held on Binance. While demand for the leading altcoin has gained substantial traction in the broader crypto sector, the number of ETH on the crypto platform declined by about 10%.
This significant decline implies that investors are removing ETH from centralized platforms, a behavior frequently linked to long-term accumulation and growing confidence. During this period, increased market activity has been driven by rising demand, suggesting a potential supply squeeze that would intensify Ethereum’s next significant price rise.
Binance ETH reserve is dropping | Source: Chart from Darkfost on X
In less than a week, the number of ETH on the crypto exchange declined by 10 % from 4,975,000 ETH to 4,478,000 ETH, particularly between August 23 and 27. According to the on-chain expert, this kind of decline in Binance‘s Ethereum reserves, along with the fact that the trend has continued for several days, is an obvious indication of high consumer demand.
When reserves on crypto exchanges decrease like this, investors would rather take their ETH out of the platforms. After this move, these investor either store their coins in personal wallets or carry out their tasks in DeFi in order to earn profits.
Offering a key takeaway, Darkfost noted that the consistent rate of this decline indicates that there has been a high demand for ETH in recent days, while Binance’s internal transfers might have contributed to the surge.
As the bull market extends, Ethereum is experiencing robust inflows, signaling growing institutional confidence. Following a prolonged period of stagnation, data from the leading analytics firm CryptoRank indicate a notable increase in inflows, as Ethereum gains widespread recognition among institutional investors.
Given that institutional participants are increasingly choosing long-term investing plans over short-term speculation, this renewed momentum demonstrates ETH’s resistance to significant market corrections.
At the time of writing, the price of ETH remains bearish and was trading at $4,398, demonstrating a nearly 4% decline in the last 24 hours. Investors’ sentiment has turned negative, as data from CoinMarketCap shows that its trading volume has reached a 10% decline in the past.
ETH trading at $4,370 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Aptos crypto price is consolidating at high-time frame support around $4.20. Aptos price action at this confluence level could drive continuation if supported by bullish volume inflows.
Summary
Aptos (APT) has shown resilience at the $4.20 level, a support region reinforced by both the value area low and the 0.618 Fibonacci retracement. Multiple daily closes above this area highlight demand at the current trading location. If sustained, this confluence could provide the foundation for a bullish reversal, keeping Aptos aligned with its broader trend of higher highs and higher lows.
APTUSDT (1D) Chart, Source: TradingView
The $4.20 support zone has emerged as a crucial technical level for Aptos. Its alignment with both the 0.618 Fibonacci retracement and the value area low adds strength to the region, establishing it as a potential springboard for continuation. The repeated ability of price to close above this level suggests that buyers are defending the zone, creating conditions for further bullish momentum.
From a structural perspective, Aptos has preserved its bullish framework. The trend of higher lows and higher highs remains intact as long as $4.20 holds. A successful defense of this level would allow for the projection of another higher low, keeping the market biased to the upside. The next key resistance lies near $5.40, a level that could be tested if demand accelerates from support.
Volume will determine the sustainability of the next move. The current decline in trading activity is natural during consolidations, but it signals that fresh inflows are necessary to validate the reversal. Bullish volume needs to arrive in sharp bursts, alongside strong bullish candles, to confirm momentum. Without this, Aptos risks prolonging its consolidation, even if support holds.
If Aptos continues to hold $4.20 support and bullish volume confirms, the price is likely to rotate toward $5.40 and beyond. Losing $4.20 on a closing basis, however, would weaken the bullish case and risk breaking the higher-low projection.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Chanpeng Zhao, also known as CZ, Co-Founder and largest shareholder of cryptocurrency exchange Binance, believes that Hong Kong has the potential to become a hub for digital assets, if it moves quickly.
In a recent interview with the South China Morning Post, CZ emphasized that the region has all the potential to rival the US and the UAE in the crypto space, but warned that regulatory inertia could hold it back.
“We shouldn’t evaluate a place’s future potential based on its current status,” CZ said. “We should assess it based on the speed of change.”
Zhao urged Hong Kong authorities to open up faster, especially by allowing more cryptocurrencies to be traded on licensed exchanges. Currently, only four, Bitcoin (BTC), Ether (ETH), Avalanche (AVAX), and Chainlink (LINK), are approved. He argued that this limited selection was “not enough,” suggesting Hong Kong adopt a model like Japan’s, where exchanges have more freedom in deciding which tokens to list.
“There’s nothing magical about what the US, the UAE, or other countries are doing,” he added. “Maybe tomorrow, there could be a meeting in Hong Kong where [officials] say, ‘Look, we’re going to change some things.’”
CZ, who also regularly advises regulators around the world, described Hong Kong’s current crypto framework as overly cautious. He shared that while he does understand this stance, he believes it could slow progress. “When going from no regulation to regulation … most regulators would tend to err on the cautious side.”
This caution is evident in Hong Kong’s new stablecoin rules, which came into effect on August 1. The regulations impose strict controls around reserves, anti-money laundering, and user verification, causing some industry hesitation.
Cz resigned as Binance CEO in 2023 after pleading guilty to US money laundering charges. He was imprisoned for four months and was released in September 2024. Despite past legal troubles he remains active in the space, focusing on mentorship and supporting BNB-Chain, an ecosystem now powering over 4,000 blockchain projects.
Though CZ holds a significant share of BNB tokens, he said he doesn’t own equity in most BNB Chain projects. He sees blockchain as still in its early days, comparing its development to the internet in 2000. He believes wider adoption will come as AI-driven tools become commonplace in daily life.
Meanwhile, despite being enthusiastic about crypto’s future, in the same interview, CZ offered a cautionary note on applying old-world terms to new technologies: “If we use an old term like ‘banking’ to describe a new industry, we need to be careful.”
Also Read: ARK Invest Doubles Down on Ethereum, Buys $15.6M Bitmine Shares
Changpeng “CZ” Zhao, former CEO of Binance, has dropped a stunning prediction about the future of decentralized exchanges (DEX) in relation to centralized exchanges (CEX). CZ, who spoke at the BNBDay event in Tokyo, strongly believes that decentralized trading and artificial intelligence (AI) powered tools will dominate the finance sector.
Zhao maintained that decentralized exchanges could one day process more trading volume in the crypto space than centralized exchanges. He suggested that centralized exchanges currently dominate the sector because of their faster transactions, user-friendly setup and more liquidity.
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However, with the support of AI integration in blockchain, the Binance founder predicts the possibility that DEXes will gain traction over centralized exchanges. He insists that the next big breakthroughs are likely going to come from blockchain and AI integration.
At the BNBDay event in Tokyo, CZ stated that if he were 20 years younger, he would build a simple AI trading agent and a privacy-focused perpetual DEX, and believes DEX trading volume could surpass CEX in the future. He also mentioned that the next breakthroughs could come from…
— Wu Blockchain (@WuBlockchain) August 29, 2025
CZ noted that tools like AI-driven trading agents or AI playing a significant role in securing blockchains could become the next big thing in the crypto sector. Additionally, he noted that real-world asset (RWA) tokenization and stablecoins also hold great potential.
The former Binance CEO highlighted the huge potential in these areas but identified regulation as a major hurdle to overcome.
Other challenges include Know Your Customer (KYC) and liquidity concerns. He hinted that BNB Chain is heavily investing in supporting RWA and collaborating with builders within the ecosystem due to the high potential therein.
Changpeng Zhao has always indicated interest in the intersection between AI and crypto. He believes the technology should be used responsibly, with stakeholders committed to ethical usage.
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He discouraged the competitive use of AI to “outdo anyone,” as such could be a dangerous path to take.
Despite these potential dangers, CZ has always advocated embracing change, particularly in the trajectory of development in the cryptocurrency industry. According to him, it is good to embrace change and ride with it, as is certain to happen.
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A group of crypto executives has filed to raise $200 million through a blank-check company that plans to list on Nasdaq under the ticker BIXIU.
According to a regulatory filing, Cayman Islands-based Bitcoin Infrastructure Acquisition Corp Ltd will offer 20 million shares at $10 each and then search for a private company to merge with and take public.
The company’s leaders bring long ties to bitcoin and crypto firms. Ryan Gentry, named CEO, spent five years leading business development at Lightning Labs.
He also worked as a lead analyst at Multicoin Capital. James DeAngelis was picked as finance chief; he has run finance teams at Kroll, a firm involved in several crypto bankruptcy cases.
Vikas Mittal, a director, is the chief investment officer at Meteora Capital, the sponsor behind this IPO and a backer of the 2023 SPAC that took Bitcoin Depot public.
Image: NASDAQ
Bitcoin Infrastructure says it will look for targets involved in wallets, custody, exchanges, lending protocols and tokenized financial instruments, as well as applications such as payments, DeFi and cross-border finance.
The filing frames the SPAC as a vehicle to bring infrastructure-style businesses into public markets rather than speculative consumer tokens.
Wall Street money has already flowed into crypto companies that went public this year, and SPACs are part of that push.
BTCUSD now trading at $109,827. Chart: TradingView
Bullish and Circle Internet Group are two recent public debuts tied to crypto. In just two days, two crypto-focused SPACs raised a combined $575 million: CSLM Digital Asset Acquisition Corp III closed a $230 million IPO and M3-Brigade Acquisition VI Corp closed $345 million.
A prior M3-Brigade SPAC took ReserveOne public in July. These moves show there is still capital available for firms that promise a path to public markets.
There are reasons for caution. Kroll, where DeAngelis worked with finance teams, faces a lawsuit over a data breach that touched creditors of FTX, BlockFi and Genesis.
The SPAC itself has not named a target yet. That leaves investors buying into a plan without a clear deal on the table.
Blank-check companies have been criticized for raising large sums and then racing to find a suitable merger, which can lead to rushed decisions.
Featured image from Unsplash, chart from TradingView
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.