Kategorie: Crypto Markets

• BPENGU’s 30-day presale hits $3.13M as Ethereum rally sparks altseason buzz.
• Investors eye BPENGU with listing gains possible before 2 September launch.
• Ethereum surge boosts sentiment for new meme coins like Bitcoin Penguins.

In the race for dominance among new meme coins, Bitcoin Penguins (BPENGU) is emerging as one of the most talked-about contenders— blending the viral appeal of penguin culture with the credibility of Bitcoin’s hard money thesis.

The project takes its cue from the meteoric rise of Pudgy Penguins (PENGU) — one of the top-performing altcoins in recent months with a 209% rally in 90 days.

But instead of running on Ethereum like Pudgy, Bitcoin Penguins has fused meme culture with Bitcoin maximalism, aiming to create a meme token that pairs viral community power with BTC’s store-of-value appeal.

A strong presale that is about to end

The 30-day presale, which was launched on July 28, has been one of the strongest token presales in the market.

Bitcoin Penguins has already raised $3.13 million so far, and the token is currently available at $0.00148, with the next price jump scheduled in 2 days.

The 15-stage presale is structured in a way that the price will increase by 5% in each stage.

With 14 days remaining in the presale, investors getting in now can get up to a 35% return at the time of listing.

Out of the 10 billion total token supply, 55% is allocated to the presale.

The remainder is distributed to staking (20%), liquidity (10%), cold storage vault (5%), NFT giveaways & airdrops (5%), the penguin charity fund (2%), and team/advisors (3%).

The project’s mantra — “Penguins don’t sell. Penguins don’t FUD. Penguins just HODL.” — is designed to cement a strong, loyalty-driven community, a tactic that has proven effective in the meme coin space.

Ethereum rally fuels altcoin season hopes

The broader backdrop for Bitcoin Penguins’ debut comes amid renewed strength in the altcoin market, led by a sharp rally in Ethereum.

Ether (ETH), the native asset of the Ethereum network, climbed as much as 8.6% on Wednesday to $4,666, leaving it just 5% shy of its all-time high from November 2021.

Analysts attribute the move to accelerating demand from institutional investors and corporate treasuries.

Notably, BitMine Immersion Technologies has filed to expand its at-the-market equity offerings to $24.5 billion, with plans to channel much of the proceeds into Ethereum purchases.

BitMine now holds 1.2 million ETH worth $5.27 billion, representing nearly 1% of total supply — a 600% jump in just 30 days.

Other major holders, such as SharpLink Gaming and Ether Machine, have also significantly expanded positions, while July saw the sharpest-ever monthly gain in corporate Ethereum balances, up 127% to 2.7 million ETH.

This aggressive accumulation has bolstered sentiment that altcoin season may be near.

For new meme coins like BPENGU, such a backdrop could prove favourable, as traders often rotate profits from large-cap rallies into smaller, high-volatility tokens when market confidence rises.

Timing the penguin meta for altcoin season

Market sentiment is turning bullish. Bitcoin is trading near record highs, Ethereum has been surging, and traders are increasingly eyeing new meme coins as altcoin season stirs.

In the last cycle, penguin-themed tokens became unexpected breakout stars, and BPENGU is billing itself as the natural evolution of that trend — “the next PENGU,” but with Bitcoin-powered tokenomics.

For traders hunting the next viral hit among new meme coins, the waddle might be worth joining before the ice melts on 2 September.

 

 

 

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• OKX burns 65M OKB tokens, fixing total supply at 21 million.
• OKX’s X Layer upgraded for DeFi, payments, and RWAs.
• OKB price surges over 150% after the overhaul news.

OKX has ignited the market with a sweeping tokenomics overhaul that includes a one‑time burn of more than 65 million OKB.

As a result, the exchange’s native token rocketed intraday, while traders rushed to price in a fixed‑supply future and a faster on‑chain economy.

Supply locked, burn executed

OKX has announced a one‑time burn of 65,256,712.097 OKB pulled from historical buybacks and reserves.

Subsequently, the exchange will fix the total OKB supply at 21 million after a smart‑contract upgrade that removes minting and manual burn functions.

Moreover, the move mirrors a Bitcoin‑like scarcity model and signals a long‑term commitment to value stability.

Therefore, the burn aims to create durable deflationary pressure rather than a temporary squeeze.

OKB token reacted with a whipsaw rally

Following the announcement, OKB spiked roughly 170% within an hour, jumping from about $47 to the $124–$126 area.

Soon after, the token printed a fresh intraday high near $135.32 before easing, and it most recently traded around $116.84.

Meanwhile, 24‑hour performance showed gains above 150% by several measures, with turnover surging to roughly $1.83 billion.

As trading intensified, market capitalisation hovered near $6.99 billion, underscoring how quickly sentiment shifted.

Reconciling supply metrics

As of today’s snapshot, third‑party trackers like Coingecko show an “actively traded” circulating figure near 60 million within a legacy total supply of 235,957,685 and a max of 300,000,000.

However, OKX says the post‑burn architecture will permanently cap total supply at 21 million.

Therefore, data providers are expected to transition their methodologies once the contract upgrade and supply reset are complete.

In practice, traders should watch both on‑chain changes and dashboard updates to avoid confusion.

X Layer gets a performance lift

In parallel, OKX is upgrading the X Layer, its zkEVM chain built with Polygon technology.

Notably, the “PP upgrade” integrates the latest Polygon CDK to target throughput around 5,000 transactions per second while pushing gas fees toward near‑zero.

Additionally, X Layer is being wired across OKX Wallet, OKX Exchange, and OKX Pay to enable features such as gasless withdrawals.

As a result, developers will gain better Ethereum compatibility, while users get cheaper and faster settlement.

In addition, OKX says X Layer will focus on decentralised finance (DeFi), payments, and real‑world asset use cases.

Moreover, the company plans an ecosystem fund and liquidity incentives, alongside upgraded bridges, oracles, and compliance tooling.

Therefore, the overhaul is designed to attract builders while broadening end‑user utility.

If adoption follows, the structural demand for OKB as gas could strengthen over time.

OKB remains the gas token

Crucially, OKB will remain the exclusive gas and native token for X Layer under the new model.

However, the Ethereum L1 version of OKB will be phased out, and users will need to bridge their tokens to X Layer via OKX.

Therefore, traders should plan migrations early to avoid liquidity gaps and withdrawal limits.

In turn, the consolidation could concentrate activity on X Layer and support deeper utility for OKB.

OKX to retire the OKTChain

As it upgrades the X Layer, OKX will retire OKTChain due to overlapping functionality with the X Layer.

Accordingly, OKT token trading will be halted on August 13, 2025 (14:10, UTC+8), with automatic conversions to OKB tokens set for August 15 using an average closing‑price window from July 13 to August 12, 2025.

Meanwhile, OKTChain will remain operational until January 1, 2026, so users can continue depositing OKT for conversion during the wind‑down. Consequently, liquidity and user activity will shift in stages rather than all at once.

OKB price outlook

In the near term, the burn created a textbook supply shock that amplified price discovery.

However, sustained gains will depend on execution across X Layer, depth of integrations, and developer traction.

Consequently, traders should track the smart‑contract upgrade that cements the 21 million cap, the bridge timeline for L1 withdrawals, and the OKT conversion schedule.

In addition, close attention to fees, throughput, and real app launches on X Layer will help separate hype from durable utility.

The post OKX tokenomics and ecosystem overhaul sends OKB token skyrocketing appeared first on CoinJournal.

• US spot Ethereum exchange-traded funds (ETFs) attracted $523.9 million in net inflows on Tuesday.
• BlackRock’s ETHA led with $318.67 million in net inflows, followed by Fidelity’s FETH at $144.9 million.
• Ether has also seen significant price appreciation, rising 8.5% in the past 24 hours to trade at $4,667.

US spot Ethereum exchange-traded funds (ETFs) attracted $523.9 million in net inflows on Tuesday, according to data from SoSoValue.

The flows came a day after the funds recorded their largest single-day net inflow to date at $1.02 billion.

Six of the nine ether ETFs posted positive flows for the session.

BlackRock’s ETHA led with $318.67 million in net inflows, followed by Fidelity’s FETH at $144.9 million. Grayscale’s Mini Ether Trust reported $44.25 million in net inflows for the day.

This marks the sixth consecutive day of positive flows for ether ETFs, bringing total inflows over the period to $2.33 billion.

Collectively, spot ETH ETFs now hold $27.6 billion in net assets, representing about 4.8% of Ethereum’s total market capitalization.

Shift from Bitcoin to Ether products

Nate Geraci, president of NovaDius Wealth, said the recent momentum in Ether ETFs reflects a shift from Bitcoin ETFs, which dominated inflows last year and earlier in 2025.

On Tuesday, spot Bitcoin ETFs recorded net inflows of $65.9 million.

Another half bil into spot eth ETFs…

5th best day since launch.

Now $2.3bil over past 5 trading days.

Since beginning of July, spot eth ETFs have taken in nearly $1.5bil more than spot btc ETFs.

Notable shift.

— Nate Geraci (@NateGeraci) August 13, 2025

Geraci said Ether ETFs may have been underestimated by traditional finance investors who previously did not fully understand Ethereum’s role.

He noted that the narrative around Ethereum as a potential backbone of future financial markets appears to be resonating with investors.

Ethereum price outlook

Ether has also seen significant price appreciation, rising 8.5% in the past 24 hours to trade at $4,667, nearing its record high of $4,878.26 set in November 2021.

Market participants are assessing the potential for further gains.

Crypto trader Yashasedu said historical trends show Ether tends to reach 30% to 35% of Bitcoin’s market capitalisation during major bull runs.

In 2021, Ether reached 36% of Bitcoin’s market cap.

If Bitcoin reaches $150,000, a 25% increase from its current price of $119,335, Yashasedu estimated Ether could climb to $8,656 if it reaches 35% of Bitcoin’s market capitalisation.

At the lower end of projections, Ether could trade between $5,376 and $7,420 based on a 21.7% to 30% market cap ratio.

Several industry figures expect Bitcoin to surpass $150,000 by year-end.

Fundstrat co-founder Tom Lee, BitMEX co-founder Arthur Hayes, and Unchained market research director Joe Burnett have all forecast that Bitcoin could rise as high as $250,000 by the end of 2025.

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• Breakout from a seven-year double-bottom pattern confirmed.
• 95% probability of spot ETF approval influencing sentiment.
• XRP Ledger market cap-to-TVL ratio stands at about 2,200.

XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in the crypto market about its next potential milestone.

Technical analyst Gert van Lagen has pointed to a long-term chart pattern suggesting the token could rise to $34 by mid-2026.

This projection is based on the completion of a multi-year double-bottom structure, a bullish pattern often followed by substantial price moves.

Historical precedents, recent legal developments, and strong ETF approval expectations are also influencing investor sentiment, although on-chain metrics point to valuation risks that could temper the rally.

XRP is now trading at $3.19, down by 0.79% in the past 24 hours.

Technical breakout points to a multi-year rally

According to Van Lagen, XRP has broken out of a seven-year double-bottom pattern after pushing above the neckline resistance near $1.80.

The breakout was followed by a retest of the neckline, which acted as support.

In technical analysis, such a retest is often interpreted as confirmation of a strong breakout.

Using a 2.00 Fibonacci extension, the measured-move projection from this setup points to a target of $34 by mid-2026.

This setup resembles XRP’s 2014–2017 price action, when a similar long-term base led to a parabolic rally of over 100,000%.

XRP’s markets have seen multiple instances of large gains, including a 1,072% rise from the 2022 lows and a 1,625% surge during the 2020–2021 cycle.

Market drivers boosting XRP’s rally

The 2020–21 rally coincided with near-zero interest rates in the US, while the current gains have been driven by developments in the Ripple lawsuit, improved legal clarity, exchange relistings, and optimism for a spot XRP exchange-traded fund (ETF).

In 2025, market sentiment has been particularly influenced by forecasts indicating a 95% probability of spot ETF approval.

Analysts suggest that if an approval comes through, XRP could climb toward $27, bringing it close to Van Lagen’s target.

The ETF narrative has helped maintain bullish momentum this year, with traders factoring in the potential influx of institutional capital.

In past cycles, major inflows often occurred when regulatory milestones were reached, creating strong short-term surges.

Onchain metrics signal overvaluation risks

Despite the strong rally, onchain data highlights concerns.

XRP Ledger (XRPL), the blockchain underpinning XRP, shows much lower activity levels than other major layer 1 blockchains, including Ethereum.

Data from DefiLlama indicates that while XRP has a market capitalisation of $190 billion, its total value locked (TVL) stands at just $85 million — a ratio of about 2,200.

By comparison, Ethereum’s ratio is around 5.6, even though XRP’s market value is nearly 40% of Ethereum’s.

Another potential challenge is that over 95% of XRP’s circulating supply is currently in profit, according to Glassnode.

Historical data shows that in previous rallies, such a level of profitability often preceded significant price corrections, as profit-taking intensified and selling pressure mounted.

This trend was observed during the 2020–21 and 2022–25 cycles, when similar conditions led to pullbacks.

While technical patterns and market drivers are currently supporting XRP’s bullish case, the imbalance between valuation and onchain activity, coupled with elevated profit-taking potential, suggests that sustaining a rally toward $30 and beyond may face strong resistance.

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• Circle launches Arc blockchain with USDC as native gas token.
• Circle’s Q2 revenue up 53% to $658M, but $482M net loss reported.
• USDC supply has surged to $65.6B, including $250 million minted.

Circle, the issuer of the USDC stablecoin, has announced the launch of its own layer-1 blockchain, Arc, even as it posted strong revenue growth alongside a hefty quarterly loss.

The move marks a major step in the company’s ambition to become a full-stack platform for digital finance, while also highlighting the financial challenges of its first earnings report since going public.

Circle’s Q2 revenue rises, but losses deepen

In its second-quarter 2025 results released Tuesday, Circle reported a 53% year-over-year increase in total revenue and reserve income, reaching $658 million.

The revenue growth was fueled by a surge in USDC adoption, expanding subscription service revenues, and increased activity across decentralised finance platforms.

Despite the revenue jump, Circle posted a $482 million net loss for the quarter.

The company attributed this to one-time, non-cash expenses linked to its blockbuster IPO earlier this year, including $424 million in stock-based compensation and a $167 million revaluation of convertible debt.

Adjusted EBITDA rose 52% to $126 million, showing operational strength despite the headline loss.

Arc Blockchain aims to redefine stablecoin finance

The company’s newly announced Arc blockchain will be compatible with the Ethereum Virtual Machine (EVM) and use USDC as its native gas token.

This means users will be able to pay transaction fees directly with the stablecoin, a move aimed at streamlining on-chain payments and lowering friction for institutional and retail users.

Arc is designed for high-performance financial applications, with sub-second settlement, an integrated stablecoin foreign exchange engine, and opt-in privacy controls.

Circle says the network will be fully integrated into its existing platform while remaining interoperable with the 24 other partner blockchains where USDC already operates.

USDC stablecoin market share keeps climbing

USDC’s market capitalisation stood at $65.6 billion at the time of the announcement, with $42.6 billion of that supply on Ethereum, according to a recent report by Circle.

Circle has revealed that USDC circulation grew 90% year-over-year to $61.3 billion by the end of Q2 and has since climbed further to $65.2 billion as of August 10.

We just reported our Q2 2025 earnings, our first as a publicly traded company.

USDC in circulation reached $61.3B at the end of Q2, up 90% YoY, with $5.9T in onchain volume during Q2.

Read the results here: https://t.co/a6fwiWoTNK pic.twitter.com/lgTOOTIEAq

— Circle (@circle) August 12, 2025

Adding to this momentum, Whale Alert recently flagged a $250 million USDC mint at the USDC Treasury.

Such large-scale issuance often points to increasing demand from both institutions and retail investors, injecting liquidity into exchanges and DeFi protocols.

This influx of capital can serve as a catalyst for trading activity and broader market growth.

Circle’s strategic positioning in a competitive sector

By launching Arc, Circle is positioning itself to capture more of the stablecoin-powered payments and capital markets segment.

The combination of its growing USDC supply and an in-house blockchain tailored for financial use cases could strengthen its influence in the global digital asset ecosystem.

The expansion also underscores Circle’s long-term bet that stablecoins will become a backbone of international finance.

With clear regulatory momentum in key jurisdictions and growing adoption of digital dollars, the company is seeking to leverage its brand trust and market presence into a deeper role in global transactions.

However, the sizable Q2 loss serves as a reminder of the costs of scaling in a competitive and highly regulated industry.

As Arc heads toward public testnet later this year, traders and institutions will be watching closely to see whether Circle can turn its strong revenue growth into sustained profitability, while cementing USDC’s position at the heart of digital finance.

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