Schlagwort: crypto market news

• US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday.
• BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million.
• Standard Chartered’s Geoff Kendrick lifted his year-end ETH target to $7,500 from $4,000.

US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday, the second-largest single-day haul since launch.

BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million, according to SoSoValue data.

Four other spot Ethereum ETFs also saw positive flows.

The latest surge follows record inflows of $1.02 billion on Monday and $523.9 million on Tuesday.

Over the past three days, Ethereum products have attracted more than $2 billion—nearly seven times the $330.9 million added to Bitcoin ETFs over the same period.

Wednesday’s ETH ETF inflows alone topped Bitcoin funds by more than eightfold, with BTC products taking in just $86.7 million.

Date	ETHA	FETH	ETHW	CETH	ETHV	QETH	EZET	ETHE	ETH	Total
13 Aug 2025	500.9	154.7	10.8	0.0	0.0	0.0	3.6	7.8	51.3	729.1
12 Aug 2025	318.7	144.9	0.0	1.8	4.9	0.0	0.0	9.3	44.3	523.9
11 Aug 2025	639.8	276.9	4.3	3.9	9.4	0.0	4.9	13.0	66.6	1,018.8
08 Aug 2025	254.7	132.3	7.8	0.0	1.2	0.0	0.0	26.8	38.2	461.0
07 Aug 2025	103.5	31.8	24.8	0.0	7.0	3.9	5.8	10.9	34.6	222.3
06 Aug 2025	33.4	0.0	0.0	0.4	0.0	0.0	0.0	10.0	-8.7	35.1
05 Aug 2025	88.8	0.0	0.0	3.6	5.2	0.0	0.0	-10.9	-13.4	73.3

Data from Farside Investors.

Ethereum’s rally has pushed its price up 2% in the past 24 hours to $4,775 as of early Thursday, within 4% of its November 2021 all-time high near $4,900, per CoinGecko.

The token is up more than 60% over the past month, triggering $127.4 million in short liquidations in the past 24 hours, according to CoinGlass.

Analyst raises price target to $7,500

Citing surging institutional demand, favourable regulation, and upcoming network upgrades, Standard Chartered’s Geoff Kendrick lifted his year-end ETH target to $7,500 from $4,000, and his end-2028 target to $25,000 from $7,500.

He expects Ethereum to continue outperforming Bitcoin, forecasting the ETH/BTC ratio to rise to 0.05 from the current 0.039.

Kendrick noted that ether treasury holdings and spot ETFs have acquired 3.8% of all ETH in circulation since early June—twice the fastest pace of comparable Bitcoin accumulation.

Ethereum has received a boost from the US GENIUS Act, passed in July, which supports mainstream stablecoin adoption.

More than half of all stablecoins are issued on Ethereum, accounting for 40% of blockchain fees, Kendrick said.

On the technical side, Ethereum developers are working to increase Layer 1 throughput by 10x, a move expected to support higher-value transactions and fuel the growth of Layer 2 ecosystems.

 

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• Ethena (ENA) nears $1 as TVL jumps past $10B and momentum builds.
• Golden Cross and bullish signals point to further upside.
• Buybacks, whale activity, and USDe growth drive demand.

The price of the native token of Ethena, ENA, has risen sharply over the past few days, and traders are taking note.

Moreover, the protocol’s total value locked has surged past $10 billion, which has added fresh momentum to the rally.

Ethena’s TVL surges past $10B

According to DefiLlama data, Ethena’s TVL has jumped to roughly $10.979 billion. The protocol’s revenue has also climbed sharply, with weekly USD inflows rising materially in recent weeks.

Additionally, Ethena’s synthetic dollar USDe now sits among the largest stablecoins, with an estimated market cap north of $10.2 billion.

Notably, the high APY on USDe and its cross-chain expansion have attracted both retail and institutional liquidity.

Technical analysis signals a bullish run

From a technical analysis standpoint, the charts are aligned in favour of bulls after a classic golden cross formed, with the 50-day EMA crossing above the 200-day EMA.

Additionally, momentum indicators support further gains, with the Relative Strength Index (RSI) rising and a bullish Moving Average Convergence Divergence (MACD) crossover in place.

Adding to the bullish scenario, the price action also shows higher highs and an ascending channel, which traders regard as a durable bullish structure.

However, some caution is advised, seeing that the RSI has entered the overbought region.

Token buybacks strengthen the bullish case

Moreover, Ethena’s tokenomics include a $260 million buyback fund that currently targets around $5 million in daily repurchases.

Sustained buybacks have already begun to reduce the circulating supply and to add a scarcity premium to ENA.

Additionally, planned token unlocks and a forthcoming fee switch could alter supply dynamics further, and these mechanisms may funnel more value back to holders.

Whales, volume, and institutional interest

Furthermore, on-chain analytics indicate growing whale accumulation, with large addresses holding a significant portion of the supply.

There is also an increased institutional inflow into derivatives amid heightened open interest, suggesting professional participation has increased.

Moreover, spot and futures liquidity have expanded, with recent daily volumes spiking into multi-billion dollar ranges.

Key Ethena price levels to watch

The market has established $0.75 as a key support, and traders are watching this level closely.

Meanwhile, immediate resistance sits in the $0.84–$0.87 band, and a decisive break above those levels could clear the path toward $1.00.

The upside targets that analysts cite include $1.02 and $1.18 if momentum continues, and extended rallies could reach higher levels.

However, traders should remember that a breach below $0.68 would increase the probability of a deeper correction.

Moreover, traders should monitor buyback cadence, exchange listing news, and USDe adoption metrics as primary catalysts.

Additionally, on-chain whale movements and derivatives open interest should be watched for signs of allocation shifts.

The post Ethena price rises towards $1 as TVL tops $10B as Golden Cross forms appeared first on CoinJournal.

• 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.

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• 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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