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Surges

Ripple Surges 9% Before Pullback Caps Rally Near $3

by admin August 23, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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August 23, 2025 0 comments

Crypto Trends

Ethereum Price Surges to $4,830 with Trading Volume Spiking 93%

by admin August 23, 2025

Ethereum (ETH) is knocking on the door of the $5000 milestone after a powerful surge saw its price climb to $4,830. The impressive rally, which gained momentum on Friday, has the cryptocurrency community buzzing with anticipation for a potential new all-time high over the weekend.

The latest data confirms a staggering 14.2% gain in the last 24 hours alone, but the most telling sign of the current frenzy is a massive 93% explosion in trading volume, which has surged to nearly $70 billion.

The upward momentum appears to be fueled by a confluence of positive market sentiment and growing institutional interest. A key catalyst was the dovish stance from U.S. Federal Reserve Chair Jerome Powell, which has bolstered investor confidence across the broader financial markets, including cryptocurrencies.

Institutional Moves and On-Chain Catalysts

The recent surge in the market didn’t just happen by chance. Whales and corporate investors have been quietly stacking up on ETH, even while BlackRock, Fidelity, and Grayscale ETFs were offloading their shares.

Buyers have taken in $148 million worth of Ethereum, which has helped maintain the upward momentum. In addition, DBS Bank tokenized $1 billion in notes directly on the Ethereum network.

This makes it the first time a major Asian bank deployed regulated products on ETH’s blockchain. As a result, Ethereum’s role as financial infrastructure keeps strengthening.

Additionally, the Pectra upgrade is still attracting validators. Improved staking efficiency has become another magnet for institutional demand. The upgrade’s momentum, with whale activity, has provided a solid foundation for Ethereum’s rapid climb.

Will ETH Soar to $5000 Over the Weekend?

Technical indicators are also flashing bullish signals for Ethereum. Short-term technical analysis reveals a strong buying sentiment, with daily and weekly charts indicating continued upward potential.

The dramatic increase in market activity and the intense buying pressure and conviction behind the current move, adding significant weight to the possibility that ETH could conquer the $5,000 level this weekend.

A technical analysis of the recent price action further bolsters the bullish case. An Elliott Wave chart pattern, a popular tool for tracking market cycles, suggests that Ethereum is currently in its fifth and final upward wave of the present cycle.

This analysis projects a potential target well beyond $5,000, with some traders eyeing a move towards the $6,000 level in the near future. The Relative Strength Index (RSI), a momentum indicator, is currently at 66.75, indicating strong momentum without being in immediate overbought territory, leaving room for further upside.

Analysts Outline Ethereum’s Cycle Blueprint

Crypto analyst Merlijn The Trader explained on X that Ethereum’s price cycle has followed a clear pattern. He wrote: “2017: Range. Expansion. Mania 2020: Range. Expansion. Mania 2025: The same structure is complete. The next move? Not sideways. Not down. But up into the most explosive phase $ETH has ever seen.”

Moreover, analyst Javon Marks pointed out that Ethereum has broken through a critical resistance. “After a nearly +300% increase from our original analysis at ~$1,215 and plenty of patience, prices of $ETH has met and broken our $4,811.71 target and is now above it!” He added that ETH could climb another 75% toward $8,557.68 if momentum holds.

Hence, analysts view Ethereum’s current setup as a continuation of its decade-long rhythm of sharp rises, corrections, and explosive recoveries.

Institutional investors have recently been procuring large amounts of Ethereum while major banks continue to adopt it. Also, there have been some interesting underlying historical trends, with the majority of crypto analysts eyeing higher highs.

Ethereum is moving at full speed, and the market is reacting to it. The global crypto market cap has jumped to $4.02 trillion, a 5.29% daily rise. Trading activity also exploded, with $224.85 billion exchanged in 24 hours, a 46.18% surge.

Also Read: Trump’s World Liberty Scoops Up $5M in Ethereum at $4,670

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August 23, 2025 0 comments

Crypto Trends

Ethereum (ETH) Surges to New All-Time High Amid Likely September Rate Cut

by admin August 22, 2025

Ethereum ETH$4,274.64 hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into the weekend.

The token rose nearly 15% over the past 24 hours as part of a broader rally in financial markets.

Nevertheless, ether’s rally stood out among other tokens. Bitcoin was also up, but only by about 4%. The CoinDesk 20 Index, which tracks the broader crypto market, rose 9% over the same period.

Powell on Friday gave hints that the Fed will indeed cut interest rates in September, as initially anticipated by traders. Hope, however, faded over the last few days, causing a significant reaction in global markets during Friday trading hours.

Ether has not only profited from macroeconomic circumstances this year, but even more so from renewed institutional interest in the network behind the token.

Several companies have started accumulating ether as part of their treasury strategy, including ETHZilla that is backed by billionaire investor Peter Thiel. Some believe that Ethereum will eventually be Wall Street’s favorite blockchain to build on, fueling demand for its native token.

As a result, ether has outperformed bitcoin this year, up about 45% since the start of 2025 while the largest cryptocurrency is up 25%. Some other ether-related tokens, such as Lido (LDO) and Ethena ENA$0.7448, also benefited from ETH’s swift rally.

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August 22, 2025 0 comments

NFT Gaming

DOGE Surges 5% Amid Trump-Affiliated Dogecoin Mining Deal and Fed Comments

by admin August 22, 2025

Dogecoin rallied on Tuesday after a string of regulatory and corporate catalysts shifted sentiment across the crypto sector. A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows.

News Background

• Thumzup, a Trump-affiliated entity, acquired Dogehash for $50 million, creating what executives described as the largest DOGE mining operation. The deal signals deep-pocketed confidence in Dogecoin infrastructure.
• Wyoming unveiled the Frontier Stable Token, the first government-backed state stablecoin, reinforcing the U.S. regulatory pivot toward digital assets.
• Fed Vice Chair Michelle Bowman warned banks about competitive risks from delaying digital asset adoption, signaling a more crypto-accommodative posture.
• SoFi Technologies integrated Bitcoin’s Lightning Network, targeting the $740 billion remittance market — another signal of traditional finance edging deeper into crypto rails.

Price Action Summary

• DOGE traded in a $0.01 band from $0.21 to $0.22 between Aug. 20 15:00 and Aug. 21 14:00, marking ~4–5% intraday volatility.
• The token rallied 5% from $0.21 to $0.22 during the Aug. 20 evening session, establishing $0.22 as near-term resistance.
• A late-session 60-minute window (Aug. 21 13:22–14:21) saw DOGE surge 1% from $0.22 to $0.22 with volume spikes above 61.8 million, confirming institutional activity.
• Support consistently held in the $0.21–$0.22 zone with bounces on 320–380 million volume across key testing points.

Technical Analysis

• Support: $0.21–$0.22 established as reliable floor with repeated high-volume retests.
• Resistance: $0.22 key pivot cleared, but bulls need follow-through toward $0.225 to confirm breakout.
• Volume: Peak surges of 61.8 million and 378.6 million confirm institutional buying interest.
• Pattern: Classic consolidation followed by impulsive breakout; upward trajectory if support base holds.
• Futures OI: Stable around $3 billion, reflecting sustained leveraged interest despite macro volatility.

What Traders Are Watching

• Whether DOGE can sustain above the $0.22 pivot and push toward $0.225–$0.23 resistance.
• The market’s reaction to Fed policy shifts and Wyoming’s stablecoin launch — potential sector-wide tailwind.
• Whale accumulation patterns, already totaling 2 billion DOGE ($500M) this week.
• Mining sector expansion via Thumzup’s acquisition and its impact on DOGE’s hashpower distribution.

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August 22, 2025 0 comments

Crypto Trends

HBAR Surges 4% After Testing Key Support Levels

by admin August 22, 2025

HBAR traded in a narrow but active 4% range from Aug. 20–21, climbing to $0.24 in the evening before correcting to $0.23 early the next day. By session’s end, the token had regained $0.24, reinforcing the $0.23–$0.24 band as a zone of support and accumulation.

The rebound comes as broader macro conditions favor digital assets. The Federal Reserve has kept rates below 2%, with markets increasingly pricing in cuts that could provide short-term momentum for crypto.

Institutional developments are also strengthening sentiment. Global payments network SWIFT launched live blockchain trials featuring Hedera, while asset manager Grayscale filed a Delaware trust for HBAR — a move viewed by some as laying groundwork for a future ETF.

Together, these factors highlight rising institutional interest in enterprise blockchain infrastructure. As central banks and financial institutions accelerate testing of tokenized settlement systems, Hedera’s positioning within global payments is gaining attention. HBAR’s latest recovery may signal more than intraday volatility — it reflects growing confidence in Hedera’s role in digital finance.

HBAR/USD (TradingView)

Technical Indicators

Price demonstrated explosive volatility during 60-minute period from 21 August 13:22 to 14:21, surging from $0.24 to peak of $0.24 representing 1% breakthrough.
Final 15 minutes demonstrated unprecedented bullish momentum as price rocketed from $0.24 to close at $0.24 amid critical volume spikes.
Session showcased classic support formation around $0.24 level with multiple successful retests.
Resistance at $0.24 was decisively tested in closing phase, suggesting strong institutional accumulation.
Trading volumes exceeded 2.8 million during breakout periods indicating significant market interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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August 22, 2025 0 comments

GameFi Guides

Stargate price surges as Wormhole floats acquisition bid

by admin August 20, 2025

Stargate price rose sharply as the Wormhole Foundation announced its intention to enter a bidding war for the cross-chain protocol.

Summary

Stargate price jumped by more than 10% amid news that Wormhole Foundation wants to acquire the cross-chain protocol.
LayerZero has bid $110 million for the protocol, but Wormhole feels this undervalues Stargate.

The price of Stargate (STG) jumped more than 10% to climb from lows of $0.1633 and hit $0.182 across crypto exchanges on Aug. 20.

STG, native to the cross-chain protocol Stargate, had dipped in the wake of the broader crypto downturn that saw top altcoins crash to support levels on Tuesday, Aug. 19.

However, as Bitcoin (BTC) bid to bounce above $114k and Ethereum (ETH) reclaimed the $4,300 level, Stargate’s price shot up. The double digit gains for STG however coincides with another development – a key announcement from the Wormhole Foundation.

Wormhole Foundation wants to acquire Stargate

Stargate has attracted the attention of Wormhole Foundation, the entity supporting the Wormhole (W) ecosystem.

Specifically, it believes it can offer a better deal if it acquires Stargate instead of LayerZero (ZRO).

At the WF, we have respect for the @StargateFinance protocol, its team, and especially its holders. Stargate is a leader in multichain asset transfers. That’s why we’re stepping up with our intent to acquire Stargate – to ensure holders get the fair deal they deserve.

— Wormhole Foundation (@WormholeFdn) August 20, 2025

On Aug. 11, LayerZero outlined a bid to acquire Stargate, and on Aug.17, Stargate announced that a snapshot for the proposed acquisition was live.

Terms include a figure of $110 million, with all circulating STG set to be swapped for ZRO, a revenue-sharing model, and the transition of Stargate operations to the LayerZero Foundation.

Now, the Wormhole Foundation says Stargate should pause the snapshot and allow for a competitive bidding process that will offer a deal that reflects Stargate’s worth and growth potential.

LayerZero’s offer of $110 million in ZRO for about $76.47 million in stablecoins and $15.9 million in ETH, and the “permanent capture of all future protocol revenue,” is low for Stargate, the Wormhole Foundation contended.

“Treasury alone is ~$92M, excluding STG tokens, yet the proposed deal hands over assets and ongoing economic upside for only $110M in token consideration. It doesn’t create a compelling offer, which values Stargate’s ongoing business at an unreasonably low number,” they noted.

Stargate protocol growth

In requesting a pause to the snapshot, the platform said its request is because STG holders deserve to get a better deal.

“The current bid undervalues the protocol’s assets, brand, codebase, and team. We’re prepared to submit a meaningfully higher offer, and we believe a competitive process will drive even more value for everyone involved,” WF wrote.

Stargate’s snapshot vote was scheduled to end on August 24 at 00:15 a.m. GMT.

The STG token traded to highs of $4.28 in April 2022, but has struggled to hit these highs since. However, the Stargate protocol has experienced notable growth, with bridge volume up 10x since July 2024 and the protocol’s total value locked hitting $345 million.

Stargate has gone live across more than 80 chains.

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August 20, 2025 0 comments

Crypto Trends

Memecore Price Surges 20% Amid Breakout Hopes, What’s Next?

by admin August 20, 2025

As major memecoins have displayed increased price volatility, this segment is back under discussion over the past few trading sessions. The Memecore (M) crypto has played a major role in this as its price has displayed major movements within a short period of time, making it the center of talks within the crypto community.

The memecore price chart has been displaying constant waves patterns over the past weeks and it is now on the path of potentially forming a massive swing-like pattern in the upcoming time.

Memecore is currently listed on CoinMarketCap at $0.4566 with a change of +20%. Moreover, it was trading between a high of $0.4654 and a low of $0.4523. The daily volume is about $36.75 million, which implies good activity even in the trading periods when there is no direction in prices.

With this, investors are keeping a close eye on whether the token can defend its position around the $0.395 or record a breakout to higher levels beyond $0.484.

M Memecoin Breaks Out Channel Pattern

The chart in the 4H time frame has formed a down-sloping channel pattern since August 4, 2025. Ideally, this pattern is considered as a bullish pattern in the longer time frame. Fast-forwarding to the recent candle, the memecore price has successfully breach the resistance of the trend pattern around $0.39 level and has further converted it into a support as seen in the chart.

However, it has failed to breach the $0.484 mark in the 4H time frame. The recent bounce off the lower band ($0.36) of the trend pattern indicates that the buyers are fighting for support as that price point is a potential entry point for investors.

Historically, this memecoin has displayed major volatility around the $0.36 mark and it has also acted as a key resistance during the last week of July 2025.

In case the bullish dominance is maintained, the token may retest the resistance zone of $0.5814 that is where it was during the earlier rally. On the negative side, the important support level stands strong at $0.3951 with its crucial low holding at $0.3083 respectively.

The Bear Bull Power (BBP) which is used to identify potential trend reversal by measuring the strength of buyers(bulls) and sellers (bears) in the market, is pointing to a little restoration in purchasing strength is currently at 0.0773 (positive). Moreover, with 5 consecutive green histograms, the technical indicators show increasing bullish share in the market. With this, the trend of the overall channel indicates caution until the decisive breakout is made.

Will MemeCore Price Maintain Bullish Momentum?

A break above $0.48 should be an inflow magnet and the beginning of a rally toward its upper price target of $0.58 level. Failing to do so, the M memecoin price may experience a pullback towards the $0.39 in case of a major sell-off, its lower support of $0.30 may be retested where it has taken support in the past.

Also Read: Mark Cuban Questions Future of Crypto IPOs As Bullish Stock Drop

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.

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August 20, 2025 0 comments

NFT Gaming

Chainlink’s Token Surges 8% in Bullish Breakout Rally

by admin August 20, 2025

Oracle network Chainlink’s (LINK) native token showed remarkable strength during the Wednesday session as cryptocurrencies attempted to bounce back from yesterday’s carnage.

LINK topped $26, gaining 8.3% over the past 24 hours and erasing Tuesday’s losses. It vastly outperformed most large-cap cryptos, including bitcoin’s (BTC) modest 0.5% and ether’s (ETH) 4% rebound during the same period.

The crypto market benchmark CoinDesk 20 Index was up 1.5%.

The token’s relative strength underscores Chainlink’s improving appeal to crypto investors as a key piece of infrastructure connecting traditional markets with blockchain rails, benefiting from accelerating institutional adoption.

Sergey Nazarov, co-founder of Chainlink, said on Tuesday he met with U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, leading the effort to bring the market structure bill to the Senate.

“This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the U.S. with fewer limitations,” Nazarov said in an X post.

The Chainlink Reserve, an initiative that channels revenue from protocol integrations and services to buy LINK tokens, mirroring public companies’ share buyback programs, also supports the token’s price.

The facility has accumulated 109,664 tokens worth roughly $2.8 million in two weeks and it’s poised to execute the next weekly purchase on Thursday, data shows.

Technical Analysis

LINK showcased exceptional price momentum throughout the 24-hour session, successfully breaking critical resistance zones on heightened trading volume before transitioning into a consolidation phase, according to CoinDesk’s Research’s technical analysis data.

Price surge of 8.30% from $23.96 to $25.93 during 24-hour period.
Strong support levels formed around $23.50-$23.60 zone.
Key resistance broken at $24.50 and $25.20 levels.

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August 20, 2025 0 comments

GameFi Guides

Ethereum Whale Activity Surges: $280M Purchased In 24 Hours

by admin August 17, 2025

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

Ethereum has entered the spotlight once again after reaching a multi-year high above $4,790, only to retrace toward critical demand levels. The move highlights ongoing volatility as bulls remain patient, waiting for a breakout beyond the $4,900 level, a threshold that would push ETH into uncharted price territory. While the retracement may seem like a pause, market structure still favors strength, with higher lows forming and momentum shifting toward accumulation.

What makes the current setup even more compelling is the surge in whale activity. Arkham Intelligence data revealed that three new whale addresses collectively purchased $279.5 million worth of ETH in just the past 24 hours. These transactions underscore confidence from deep-pocketed players at a moment when Ethereum is consolidating below key resistance. Such large-scale accumulation typically signals expectations of further upside, aligning with growing optimism that ETH could soon break above its historic ceiling.

With supply on exchanges continuing to decline and institutional demand rising, Ethereum’s next move carries weight for the broader altcoin market. Traders and investors alike will be watching closely, as the convergence of whale accumulation and technical resilience suggests that Ethereum could be on the verge of another explosive phase.

Ethereum Whale Accumulation Deepens As Bitmine Expands Holdings

Ethereum’s bullish narrative continues to strengthen as whale activity accelerates. Arkham’s AI has linked the latest wave of ETH purchases to Bitmine, raising questions about whether strategist Tom Lee is doubling down on Ethereum exposure. Bitmine’s total ETH holdings are a staggering 1.174 million ETH, valued at around $5.26 billion at current prices.

Ethereum Whale Accumulation | Source: Arkham Intelligence

This scale of accumulation places Bitmine among the most influential players in the Ethereum ecosystem, with its wallet activity now drawing comparisons to major institutional participants. The timing of these buys is especially significant, arriving as ETH consolidates just below the $4,900 mark, with bulls watching closely for a breakout into uncharted price territory.

What’s more, this accumulation trend aligns with moves from companies like Sharplink Gaming, which have also been positioning aggressively into Ethereum. The shift highlights a broader pattern: institutional actors are increasingly viewing ETH as a long-term strategic asset, not just a speculative play.

Adding further fuel to the bullish outlook, exchange supply is drying up while OTC desks report running out of Ethereum. This supply squeeze is historically a precursor to major rallies, as demand from whales and institutions collides with reduced availability. If these dynamics persist, Ethereum may be entering one of its most explosive phases yet, with whale behavior acting as the clearest signal of confidence.

ETH Holds $4,400 After Sharp Decline

Ethereum’s 4-hour chart highlights a healthy pullback from the recent peak near $4,790, with the price now consolidating around $4,414. This decline comes after a strong multi-week rally, suggesting that the move is more of a cooldown phase rather than a full trend reversal.

ETH testing key demand level | Source: ETHUSDT chart on TradingView

The 50-period SMA at $4,407 is now acting as immediate support, making this level a critical short-term battleground. If bulls can defend it, momentum could quickly shift back toward the $4,600–$4,800 resistance area, where ETH was recently rejected. A confirmed breakout above $4,900 would validate bullish strength and set the stage for fresh all-time highs.

On the downside, the 100-SMA ($4,025) and 200-SMA ($3,822) remain deeper support zones that could absorb stronger selling pressure if the $4,400 area fails. Importantly, trading volume shows heavy activity during the rally followed by lower participation during the retrace, implying sellers are not in full control.

Overall, Ethereum remains in an uptrend, but the current consolidation will determine its next leg. Holding above $4,400 keeps bulls in control, while a drop below could trigger a short-term correction before the uptrend resumes. This makes the coming sessions pivotal for ETH’s trajectory.

Featured image from Dall-E, chart from TradingView

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August 17, 2025 0 comments

NFT Gaming

Microsoft-Backed Space and Time Surges as Grayscale Debuts SXT Crypto Fund

by admin June 24, 2025

In brief

Crypto-focused asset manager Grayscale unveiled its Space and Time (SXT) Trust on Tuesday.
The Trust will give investors exposure to the Space and Time blockchain’s native token, SXT.
The price of SXT is up 16% over the last day.

Cryptocurrency-focused asset manager Grayscale unveiled its Space and Time Trust on Tuesday, adding to the list of crypto-centric investment products offered by issuers trying to address surging demand.

The Trust provides exposure to the Space and Time blockchain’s native token, SXT, Grayscale said Tuesday in a statement.

Space and Time is a layer-1 blockchain that aims to provide real-time database processing for smart contracts, decentralized applications and artificial intelligence tools, according to its website. The network was backed by Microsoft’s M12 Ventures fund, and is integrated within Microsoft’s Fabric data analytics platform.

SXT was recently trading at $0.076, up 16% in the past 24 hours, according to crypto markets data provider CoinGecko.

“Grayscale Space and Time Trust provides investors with access to a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide range of use cases across Web 2.0 and Web 3.0,” Grayscale Head of Product and Research Rayhaneh Sharif-Askary said Tuesday, in a statement.

The Space and Time Trust, which is a private placement, is only available for daily subscription by eligible investors and institutional accredited investors, Grayscale said.

The Trust’s debut comes as crypto-focused asset managers and traditional financial services firms ramp up their investment product launches, as U.S. regulators have softened their stance on digital assets.

Since the beginning of this year, two major federal regulators of the Web3 industry—the Securities and Exchange Commission and the Commodities Futures Trading Commission—have shed crypto-skeptic staff members and appointed several pro-digital asset commissioners to their ranks. The agencies have also been allowing cryptocurrency executives and other experts to weigh in on ongoing regulatory reforms that could benefit their industry.

The regulatory shift has coincided with a surge in new crypto-based investment offerings in the U.S.

A variety of asset managers have introduced private trusts based on virtual tokens, with Canary Capital and Grayscale debuting products based on AXL and Optimism, respectively, within the past six months.

Meanwhile, investment firms have also flooded regulators’ desks with applications for exchange-traded funds tracking the prices of various cryptocurrencies, including meme coins such as Official Trump and Dogecoin, and altcoins like Aptos, Sui, XRP and Solana.

In 2013, Grayscale debuted its Bitcoin Trust as a private placement. Two years later, the Trust became a publicly traded fund on an over-the-counter market. The fund received approval to operate as a spot Bitcoin ETF listed on NYSE Arca in January 2024, and nowmanages more than $19 billion in assets.

Edited by James Rubin

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June 24, 2025 0 comments