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Bitcoin Cash Shines Amid Altcoin Bloodbath, Volume Jumps 32%
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Bitcoin Cash Shines Amid Altcoin Bloodbath, Volume Jumps 32%

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Amid the downward trend that hit altcoins in the last 24 hours, Bitcoin Cash (BCH) has defied the odds. The asset has seen a spike in volume and an appreciable increase in price outlook. CoinMarketCap data shows that BCH registered an over 32% increase within this time frame.

Institutional and retail demand for BCH drive momentum

Notably, the spike came as institutional interest in Bitcoin Cash pushed the asset’s open interest up by over 23%. There was also an increase in retail interest following the bullish performance of BCH in July. Notably, the coin outperformed Bitcoin, the leading digital asset, by 20% in July.

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Bitcoin Cash’s Relative Strength Index (RSI), which is at 58.85, confirms the asset’s bullish momentum, leading to increased activity by investors. This has pushed trading volume up by 32.12% to $703.98 million.

With volume over $500 million, market participants need to keep a watchful eye on the asset as sentiments could easily shift from neutral to greed.

Bitcoin Cash has recorded a boost in price as the coin reached an intraday peak of $618.56 before witnessing a major correction. As of this writing, BCH was changing hands at $601.39, representing a 0.95% increase in the last 24 hours.

Bitcoin Cash Daily Price Chart | Source: CoinMarketCap

Can Bitcoin Cash hold $600 level?

The current bullish momentum of Bitcoin Cash was ignited within the week as it formed a golden cross on its hourly chart. At the time, BCH was trading at $560, but the asset has since gained over $40 to flip the $600 price level.

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The price uptick has increased Bitcoin Cash’s ranking in the cryptocurrency market. It has climbed from the 15th position and now ranks 14th. The asset is on a bullish wave despite the struggling outlook of most altcoins.

However, with price trading near $600, market watchers are monitoring to see if ecosystem bulls have enough momentum to keep it from crashing below this level.



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RedStone crypto price jumps 80% after South Korea’s Upbit listing
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RedStone crypto price jumps 80% after South Korea’s Upbit listing

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RedStone’s trading volume rose to $700 million on a wave of retail enthusiasm.

Summary

  • RedStone’s price rose 80% to a daily high of $0.7988, before stabilizing at $0.6803.
  • Listing on South Korea’s Upbit exchange was the major catalyst for the price increase

RedStone (RED) crypto price has gained significant momentum following major listing news. On Friday, September 5, the South Korean exchange Upbit officially announced the listing of RedStone on its Korean Won market. This was RedStone’s debut in the large South Korean market, giving it exposure to a large retail user base.

Following the announcement, the price of RedStone rose 80% to a multi-month high of $0.7988 before stabilizing at $0.6803. This surge pushed RedStone’s market capitalization to $192.1 million. Additionally, trading volume skyrocketed to $700 million, reflecting significant retail interest.

To ensure market stability, Upbit implemented several trading restrictions. First, during the first five minutes, buy orders were restricted, and sell orders were capped at 10% below the previous day’s closing price. These measures aimed to prevent bots from immediately rushing in and distorting the market. Additionally, for the first two hours of trading, the exchange allowed only limit orders.

Can Redstone crypto price reach $1?

Redstone is a multi-chain an oracle network, which provides external data to other blockchains. This data includes asset prices in traditional finance, which blockchains typically don’t have access to. It caters to DeFi protocols, RWA platforms and other dApps that require accurate, real-world data.

Its oracle network also offers flexibility for developers. For instance, developers on other chains can pull data from RedStone when needed, reducing the cost of on-chain data storage and gas fees. The protocol also works across several blockchains, including Ethereum, Arbitrum, Avalanche, and Polygon.

RedStone’s token supply is capped at 1 billion RED, with a 280 million circulating supply. It is the utility token for its oracle infrastructure, enabling users to earn staking rewards. The low supply, coupled with utility, means that the RedStone price has the potential to reach $1. However, traders should be mindful of future token unlocks and concentration.



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Chainlink Jumps 77% in Key Metric Amid Cardano Integration Push
Crypto Trends

Chainlink Jumps 77% in Key Metric Amid Cardano Integration Push

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Chainlink (LINK) has failed to record a rally as the price faced rejection at $25, plunging to a low of $22.74 in the last 24 hours. The asset continues to suffer volatility in the broader cryptocurrency market but looks likely to recover soon amid its Cardano integration push.

Cardano, Chainlink integration could boost DeFi ecosystem

Notably, the trading volume of LINK has surged despite the price fluctuations. Within this period, the volume has spiked by 77% to $1.24 billion.

This suggests that investors are bullish and anticipate a rally in the price of the asset. They likely consider the dip as a buying opportunity to accumulate more of the asset before it rebounds.

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As of this writing, Chainlink’s price was changing hands at $22.92, which represents a 3.44% decline in the last 24 hours. LINK had earlier reached a peak of $23.85 but failed to hold above the $23.05 level, triggering bearish momentum.

Chainlink Daily Price Trend | Source: CoinMarketCap

However, the spike in trading volume and prospects of integrating Cardano with Chainlink might serve as bullish catalysts.

For clarity, Charles Hoskinson, Cardano founder, has outlined plans to partner with Chainlink.

Hoskinson noted that such integration could bring liquidity and credibility to the weak DeFi ecosystem of Cardano. The oracle network could be leveraged to ensure smart contracts are executed securely and accurately.

Chainlink deal with U.S. government

Another bullish indicator that could boost the price outlook for Chainlink is its recent partnership with the U.S. Department of Commerce.

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As per the collaboration, Chainlink will be responsible for deploying new feeds critical to delivering the right data from the Bureau of Economic Analysis.

Investors backing the asset remain optimistic that the price could rebound and retest the $28 level. As projected by Ali Martinez, a notable crypto analyst, LINK is facing a bullish retest that could push its price upward. The ecosystem whales might play a significant role in ensuring this happens.



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Bank of China Stock Jumps Amid Rumours of Stablecoin Licensing Plans

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In brief

  • The Bank of China’s Hong Kong branch stock shot up by 6.7% on reports that it plans to apply for a stablecoin issuer license.
  • Hong Kong launched its stablecoin licensing regime in August.
  • Regulators have also urged caution to investors over speculation-driven price moves.

The Bank of China’s Hong Kong-listed shares rose by 6.7% on Monday, trading at HKD$37.58, after local media reports suggested that the bank’s Hong Kong unit is preparing to apply for a stablecoin issuer license.

The Hong Kong Economic Journal reported that the Chinese state bank’s branch had formed a dedicated task force to explore stablecoin issuance.

The Bank of China did not respond to a request for comment, but in last week’s results call it told investors it was researching digital asset applications and their risk management.

Hong Kong introduced its stablecoin licensing regime on August 1, requiring issuers to secure approval from the Hong Kong Monetary Authority (HKMA). The framework imposes strict requirements on reserve management, redemption guarantees, client fund segregation, anti-money laundering, disclosure and operator vetting. The rules came shortly after the U.S. passed its first federal stablecoin law, the GENIUS Act.

The city’s regime has already attracted interest from major financial institutions, including Standard Chartered.

Chinese tech giants JD.com and Ant Financial have also announced plans to seek licenses abroad for services targeting their international businesses, which could include applying in Hong Kong. JD founder Richard Liu said in June the company aims to use stablecoins to reduce cross-border payment costs, first for business-to-business transfers before expanding to consumers.

Vincent Chok, CEO of Hong Kong-based First Digital, told Decrypt the appeal of stablecoins lies in efficiency. “Blockchain technology reduces settlement times and bypasses the traditional intermediary fees of banks,” he said, adding that the opportunity is “especially pronounced in emerging markets, where growing stablecoin adoption provides users a hedge against currency volatility.”

While the cost advantage varies by corridor and transaction type, Chok noted that adoption is accelerating as regulation provides clarity. “The current trajectory suggests exponential growth in the next 2-5 years,” he added.



Still, Hong Kong regulators have urged restraint. In mid-August, the Securities and Futures Commission (SFC) and the HKMA jointly warned investors that market swings tied to licensing rumours may be misleading.

“These movements appear to follow corporate announcements, news reports, social media posts or speculations regarding plans to apply,” they said. “Given the significant uncertainties surrounding the outcomes of these preliminary plans or applications, the abrupt market movements… highlight the need to stay vigilant in these frenetic situations.”

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XRP Derivatives Volume Jumps 30%, What Next?
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XRP Derivatives Volume Jumps 30%, What Next?

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On August 30, the XRP derivatives data from Coinglass showed strong activity in the market. 

Trading volume surged 30.36% to $9.00 billion, while open interest rose 3.03% to $7.99 billion, indicating growing participation. 

Source: Coinglass

On the options side, the volume dipped 1.54% to $3.74K, but options open interest climbed 20.56% to $1.24 million, suggesting increased longer-term positioning despite lighter near-term trading.

XRP price in trouble

XRP is showing signs of trouble as technical indicators point to growing instability in the market. Data from the three-hour chart reveals significant dilation in XRP’s Bollinger Bands, a signal of intense volatility. Prices have already tested the lower band at $2.85, suggesting mounting downside pressure.

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The recent decline was triggered after the token slipped below the $3 level, prompting traders to exit positions and adding to selling momentum. This drop has fueled uncertainty among investors, who appear to be adopting a more cautious stance in the broader market environment.

Veteran trader Peter Brandt has weighed in on the situation, describing XRP’s current price action as “very negative.” 

I post what I see. I assume strong opinions — always weakly held. I am wrong as often as I am right. If you are offended by my charts, then that is your problem
The chart of XRP is potentially very negative pic.twitter.com/r7PjhCSK1A

— Peter Brandt (@PeterLBrandt) August 29, 2025

His analysis highlights the formation of a descending triangle pattern on the charts, typically viewed as a bearish signal that could precede further declines if support levels fail to hold.





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Gryphon Stock Jumps 42% Ahead Of American Bitcoin Merger
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Gryphon Stock Jumps 42% Ahead of American Bitcoin Merger

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Gryphon Digital Mining is seeing a major stock surge as it prepares to merge with Trump-linked American Bitcoin in September. Since the merger announcement in May, Gryphon’s shares have soared 231%, and on August 28, jumped 42.15%, to $1.75 from $1.35, according to Google Finance.

The merger will be an all-stock deal, with the new company retaining the name American Bitcoin. Founders Eric Trump and Donald Trump Jr., along with Hut 8, will hold 98% of the combined entity. Hut 8 CEO Asher Genoot told Reuters that the deal is expected to finalize soon, with trading set to start in early September. 

American Bitcoin Builds Bitcoin Treasury

American Bitcoin has been quietly building a Bitcoin treasury while acquiring mining equipment. The firm is also considering an Asian acquisition to continue increasing its Bitcoin assets. The Gemini Co-Founders, Cameron and Tyler Winklevoss, are also key anchor investors.

Crypto IPO Boom in the US

The merger is a part of a wider trend of crypto companies going public in the US. The IPO of Circle in June 2025 witnessed its stock soaring 434% when it debuted and Peter Thiel-backed Bullish also surged 218% in August. Other firms such as Gemini and Kraken are said to be getting ready for IPO.

This trend follows a shift in US crypto policy. President Donald Trump signed an executive order to create a national strategic Bitcoin reserve earlier this year and, later, in July, the GENIUS Act to regulate stablecoins.

With Gryphon and American Bitcoin leading the charge, the US crypto market is entering a new era of growth and public investment, making it a hot space for investors looking for exposure to Bitcoin and blockchain technology.

Also Read: JPMorgan Says Bitcoin Is Too Cheap Compared to Gold



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XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K
Crypto Trends

XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K

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Altcoins bounced back sharply on Tuesday after a steep sell-off over the prior 48 hours, with traders seizing lower prices as an opportunity to re-enter the market.

XRP led the recovery, gaining 6% over the past 24 hours. Solana (SOL) and dogecoin (DOGE) each climbed about 4.5%, while ethereum (ETH) added 5% over the same period. Open interest across these tokens also ticked higher, signaling renewed speculative activity. XRP once again stood out, with its open interest rising 4.2% in the past day.

The uptick comes as CME Group announced earlier Tuesday that its crypto futures suite surpassed $30 billion in notional open interest for the first time. SOL and XRP futures each crossed the $1 billion mark, with XRP becoming the fastest contract to reach that level—doing so in just over three months. Analysts see this milestone as evidence of market maturity and growing institutional participation in crypto derivatives, not to mention the sort of interest a spot XRP ETF might generate.

“Think people might be underestimating demand for spot XRP ETFs,” wrote ETF expert Nate Geraci.

The broader market also strengthened, with the CoinDesk 20 Index (CD20) up 3.6% on Tuesday. Bitcoin (BTC) lagged behind, gaining only about 1%, but did cross back over the $111,000 mark after dropping below $109,000 at one point hours earlier.

Both bitcoin and ether hit record highs earlier this month, lifted by expectations of monetary easing and increased institutional demand. Yet sentiment may be running too hot, according to blockchain analytics firm Santiment. In a report published Sunday, the firm warned that optimism around a potential Federal Reserve rate cut in September has reached levels that often precede corrections.

“While optimism about a rate cut is fueling the market, social data suggests caution is warranted,” Santiment said, pointing to a spike in online chatter around the Fed decision. The firm cautioned that if expectations of easing fail to materialize, the market could see a “swift correction.”

Traders are now watching Friday’s release of the Personal Consumption Expenditures (PCE) Price Index as a key signal for the Fed’s next move.



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Sharps (STSS) Jumps 75% on $400M Raise, DFDV Plunges on
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Sharps (STSS) Jumps 75% on $400M Raise, DFDV Plunges on

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Nasdaq-listed firm Sharps Technology (STSS) rallied as much as 70% on Monday on raising $400 million to establish what it says could become the largest corporate digital asset treasury of Solana SOL$180.94.

The firm’s fundraising drew backing from some of the most active investors in digital assets, including ParaFi, Pantera, FalconX, CoinFund and Arrington Capital. Under the deal, shares were sold at $6.50 per unit with attached warrants exercisable at $9.75. Closing is expected by August 28.

The stock briefly topped $13 in the morning U.S. hours before paring gains, up 53% from $7.3 at Friday’s close.

The company plans to allocate the funds primarily toward acquiring SOL, the native token of the Solana blockchain. Alice Zhang, co-founder of Solana-backed project Jambo, also joined the firm as chief investment officer and board member.

The Solana Foundation, the non-profit development organization focusing on the Solana network, has committed to selling $50 million in SOL tokens at a 15% discount to a 30-day time-weighted average price, subject to conditions, according to the press release.

Sharps is the latest public firm pivoting to accumulate cryptocurrencies, a recent trend that has captivated stock markets. These firms, often dubbed digital asset treasuries (DATs), raise money on capital markets to buy cryptos, aiming to replicate the success of Michael Saylor’s Strategy (MSTR). Strategy has become the largest corporate owner of bitcoin BTC$109,933.28 with a stash worth north of $70 billion.

The fever has already extended to Solana, with SOL Strategies (HODL), DeFi Development (DFDV) and Upexi (UPXI) being among listed firms stacking SOL.

DATs a as a proxy play on crypto prices and most of them trade at a premium relative to the underlying holdings. However, they could come under pressure during market downturns when the premium contracts, capping their ability to raise funds to fuel purchases.

Read more: Corporate Bitcoin Treasuries Could Raise Credit Risks, Morningstar DBRS Says

Upcoming $1B SOL Treasury, DFDV to Sell Equity

Sharps’ move was not the only Solana treasury-related news on Monday.

Prominent crypto firms Galaxy Digital, Multicoin Capital and Jump Crypto are reportedly seeking to raise $1 billion to build a treasury focused on SOL. They plan to buy out a listed firm and hired Cantor Fitzgerald as the lead banker.

Meanwhile, DeFi Development (DFDV), led by former executives of Kraken, announced on Monday to raise $125 million by selling equity, seeking to increase its SOL holdings.

The stock tumbled 19% on the news.

Read more: BNB-Focused Treasury Firm B Strategy Looks to Raise $1B With Backing From CZ’s YZi Labs



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Ethereum Jumps to New Record Price in Move Towards $5,000

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Just two days after finally breaking past its all-time high mark set all the way back in November 2021, Ethereum climbed to an even higher peak on Sunday.

Ethereum rose as high as $4,945 on Sunday, per data from CoinGecko, while CoinMarketCap shows an even higher jump to $4,948. ETH remains close to both marks, currently sitting at a price of $4,935 and up 4% on the day, according to CoinGecko.

The latest move comes after ETH surpassed the long-standing record of $4,878 set in November 2021. Ethereum skyrocketed in price Friday, with the rally triggered by Federal Reserve Chair Jerome Powell’s comments suggesting potential interest rate cuts.



That caused Ethereum to jump nearly 8% in an hour, with the broader crypto market also surging following these remarks. By the time ETH inched past its previous record in the late afternoon Friday, it was up 15% on the day.

Several factors have driven Ethereum’s recent boom. U.S. spot Ethereum ETFs have seen unprecedented demand, recently collecting over $1 billion in inflows in a single day for the first time since launching last year. The funds have been outperforming Bitcoin ETFs in recent weeks, flipping the earlier trend of BTC dominance.

Corporate accumulation by Ethereum treasury companies has also contributed to the surge. BitMine Immersion have amassed over $7 billion in ETH holdings, while SharpLink Gaming has accumulated more than $3.6 billion worth of the cryptocurrency.

Regulatory developments have further boosted Ethereum’s prospects. The SEC provided clearer guidance on staking services, allowing liquid staking providers to pay rewards without agency registration—a significant shift from the previous Biden administration’s more restrictive approach under President Trump.

Furthermore, the GENIUS Act’s passage established a U.S. regulatory framework for stablecoins, which predominantly operate on the Ethereum blockchain and are typically pegged to the U.S. dollar.

Will Ethereum continue rising and push past the $5,000 mark for the first time? Myriad users think it’s very likely, with 94% of them expecting it to reach that milestone by the end of 2025. (Disclaimer: Myriad is a product of Decrypt’s parent company, DASTAN.)

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Hong Kong Firm Stock Jumps On $483M Bitcoin Acquisition Plan
Crypto Trends

Hong Kong Firm Stock Jumps On $483M Bitcoin Acquisition Plan

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Nasdaq-listed Hong Kong construction firm Ming Shing Group Holdings said Wednesday it has entered into an agreement to acquire 4,250 Bitcoin for nearly $483 million, joining the wave of companies adding the cryptocurrency to their treasuries.

If successful, the deal would make Ming Shing Hong Kong’s top Bitcoin (BTC) treasury according to BitcoinTreasuries.NET data, surpassing even Buyaa Ineractive International with its 3,350 BTC as Bitcoin and crypto adoption take the corporate world by storm.

“We believe the Bitcoin market is highly liquid and the investment can capture the potential appreciation of Bitcoin and increase the Company’s assets,” Wenjin Li, CEO of Ming Shing, said.

Ming Shing’s financials show it has been under pressure, with a negative profit margin of -3.9% in 2025 and a $5.35 million loss before interest and taxes, according to Stock Analysis data.

Related: The Bitcoin treasury model is breaking, but Strategy’s isn’t. Here’s why

Ming Shing will not pay cash for the BTC. Instead, it plans to issue 10-year, 3% convertible notes (convertible at $1.20/share) and 12-year warrants covering a total of 402,467,916 shares (exercisable at $1.25/share).

Two British Virgin Islands-based firms are involved. Winning Mission Group is selling the 4,250 BTC and will receive a $241,480,750 convertible note plus a warrant for 201,233,958 shares. Rich Plenty Investment will receive the same package from Ming Shing and issue a promissory note to Winning Mission for 2,125 BTC.

Massive potential dilution for shareholders

The structure could sharply dilute Ming Shing’s existing shareholders. The company currently has fewer than 13 million shares outstanding. If the convertible notes are exercised but warrants remain unexercised, the share count would jump to more than 415 million, leaving current shareholders with about 3.1% ownership.

In a worst-case scenario — if all notes, warrants and accrued interest were converted — Ming Shing’s share count could rise to nearly 939 million, reducing current holders to about 1.4% ownership. The transaction also depends on shareholder approval to authorize more shares, since the company currently has only 100 million authorized.

Related: 10 public companies that quietly turned their balance sheets into Bitcoin treasuries

According to Google Finance data, Ming Shing stock spiked sharply on the news, despite trading bearishly over the longer term. The company’s stock has faced steep declines over the past year, losing 70.5% in value, including a 44% drop in the past month and 24% over the past five days.

The initial upward price movement reached $2.15 on Wednesday, but most of the gains were lost on the same day. Still, at Ming Ching’s current price of $1.65, the stock is nearly 11.5% up on Thursday.

Ming Shing Group Holdings Ltd 24-hour price chart. Source: Google Finance

Hong Kong pushes deeper into crypto

The announcement comes as Hong Kong continues its push to become a digital asset hub. Regulators approved spot Bitcoin and Ether exchange-traded funds in April 2024 and issued the first crypto asset service provider licenses earlier this year.

In February, the Securities and Futures Commission (SFC) introduced the “ASPIRe” roadmap to guide local regulation. Earlier this month, the SFC finalized a stablecoin ordinance criminalizing unlicensed issuers and issued new custody guidance for crypto companies.

Reports this week also indicated that CMB International Securities, a subsidiary of one of China’s top banks, had begun offering virtual asset trading services in Hong Kong.

Magazine: Bitcoin OG Willy Woo has sold most of his Bitcoin: Here’s why



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