A wave of new token unlocks is starting from August 11 and will continue to August 18th. This will likely affect the market by changing the supply dynamics. Usually, large token unlocks tend to cause sharp, short-term price fluctuations and increased trading volume, and it can also lead to extreme price volatility.
Millions of New Tokens Unlocks in August
According to Tokenomist, in the next seven days, major cryptocurrencies like Aptos, Arbitrum, and Avalanche will undergo scheduled token unlocks.
Fasttoken: FTN is releasing approximately 20 million tokens, valued at around $91.80 million.
Cheelee: CHEEL is releasing approximately 20 million tokens, valued at around $91.90 million.
Connex: CONX is releasing approximately 2.32 million tokens, valued at around $54.81 million.
Aptos:APT will release approximately 11. 31 million tokens, valued at around $53.72 million
Arbitrum: ARB will release approximately 92.65 million tokens, valued at around $43.38 million.
Avalanche: AVAX will release approximately 1.65 million tokens, valued at around $40.15 million.
Sei: SEI will release approximately 55.56 million tokens, valued at around $18.13 million.
Starknet: STRK will release approximately 127 million tokens, valued at around $17.60 million.
Solayer: LAYER will release approximately 27.2 million tokens, valued at around $17.33 million.
CYBER: CYBER will release approximately 1.99 million tokens, valued at around $10.55 million.
ZKsynk: ZK will release approximately 17.08 million tokens, valued at around $10.16 million.
ApeCoin: APE will release approximately 15.60 million tokens, valued at around $9.83 million.
Various other tokens like Melania Meme, io.net, Onyxcoin, Solv Protocol, Oasis, etc. will each unlock millions of tokens.
What Will be the Impact on the Crypto Market?
The scale of a token unlock directly affects the crypto market. Larger unlocks, especially those exceeding 5% of the total supply, tend to trigger more pronounced price drops and heightened volatility.
A rise in available tokens could lower prices if demand doesn’t grow at the same rate, as it happened with the Pi coins. It can also shape the investor’s sentiment and market trend, depending on how the tokens are used, held, sold, or invested.
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock.
The acquisition is subject to regulatory approval and is expected to close by the end of this year.
Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that it has agreed to acquire Deribit, a top-tier derivatives exchange. According to the announcement, Coinbase is acquiring Deribit for $2.9 billion, which will include $700 million in cash and 11 million in shares.
Meanwhile, Coinbase announced that the deal is subject to regulatory approval and other customary closing conditions. As a result, Coinbase expects the deal to be closed by the end of this year.
“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market,” Luuk Strijers, CEO at Deribit, noted.
Coinbase Forges a Brighter Future for the Crypto Industry
Once finalized, Coinbase will become a major player in crypto derivatives in regards to open interest (OI) and options volume. Furthermore, Deribit currently has more than $30 billion in OI and recorded over $1 trillion in trading volume in 2024.
With Coinbase available in more than 100 jurisdictions globally, more crypto traders can now seamlessly access the derivatives market in a regulated manner. Most importantly, more institutional investors from around the world can access the Bitcoin and altcoins OI market through their respective Coinbase accounts.
Consequently, Coinbase will significantly diversify its revenue streams amid heightened competition from other crypto exchanges including Binance and Bybit. Following the announcement, Coinbase shares COIN surged 6 percent on the day to trade about $208 on Thursday, May 8 during the mid North American trading session.
The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock. The acquisition is subject to regulatory approval and is expected to close by the end of this year. Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that …
Ethereum price continued to consolidate above $1,820 over the weekend, outperforming BTC over the 14-day timeframe.
Ethereum (ETH) Consolidates as Vitalik Shares Fresh Proposal
Ethereum held steady above $1,820 across the weekend, registering relative strength compared to Bitcoin, which slid below $96,000.
According to CoinGecko, ETH price posted a 14-day gain of 15.7% while Bitcoin price rally was subdued at 12% over the same period. Daily trading volumes for ETH remained elevated above $7 billion, reflecting robust market participation.
Ethereum price action (ETHUSD) May 4, 2025 | Coingecko
Investor sentiment appears bolstered by Vitalik Buterin’s latest technical commentary. The Ethereum founder posted on May 3 about the importance of protocol simplicity, stating, “One of the best things about Bitcoin is how simple it is… let’s bring those benefits to Ethereum.”
His suggestion alluded to streamlining Ethereum’s design, a move that may aim to address criticisms around execution layer complexity, state management, and overall maintainability.
While short on specifics, the proposal hints at a philosophical shift — one that favors reduced protocol surface area and improved auditability over maximal flexibility.
This comes amid a broader industry push for modularity, security, and composability. Ethereum’s resilience over the weekend and its outperformance signal that Buterin’s remarks may have struck a positive tone with short-term traders.
Buterin’s remarks triggered swift criticism from prominent Bitcoin maximalists. Alistair Milne quipped that Bitcoiners have been urging Vitalik to embrace simplicity “for a decade.” Adam Back, CEO of Blockstream and a legendary cypherpunk, delivered the most scathing critism.
“I literally told him so a decade ago, but they still haven’t learned about balance vs utxo or the complexity of state, “rich state fullness” mistake. Redirecting miner revenue to the insiders with PoS etc. At this point just flush it before it hits 0, and buy Bitcoin.” – Adam Back, May 4 2025.
Back blamed Ethereum’s complexity — especially the Ethereum Virtual Machine (EVM) — for the recent ByBit wallet hack.
According to him, the EVM’s design makes it “basically impossible” for hardware wallets to verify transaction details reliably, creating exploitable vectors in real-world deployments.
From this lens, Ethereum’s initial ambition to support smart contracts without first building a minimal, robust foundation is seen as a strategic misstep.
The ensuing comments on X has further re-hased the long-standing ideological divide between Bitcoin maximalists, and Ethereum advocates over the last 24 hours.
What’s Ahead?
While Bitcoin maximalists dismiss Vitalik’s call for simplicity as a desperate pivot, Ethereum markets responded differently.
With ETH showing strength and price stability above $1,820, buyers appear to interpret the proposal as a sign of Ethereum’s maturity possibly moving toward more efficient fundamentals.
Despite criticisms from Bitcoin maxis like Adam Back, Ethereum price has evidently attracted buying more buying pressure that BTC over since Vitalik’s proposal on Saturday.
Ethereum Price Forecast Today: ETH Targets $1,950 on Vitalik’s Proposal Momentum
Ethereum price remains resilient, consolidating just below $1,830, while showing early signs of a bullish continuation. Price action is forming a subtle ascending triangle on the daily timeframe, suggesting accumulation beneath resistance.
Notably, the Moving Average Convergence Divergence (MACD) indicator reflects positive momentum, with the MACD line holding well above the signal and zero lines. This bullish divergence, confirmed by a widening histogram, hints at increasing buying pressure despite recent profit-taking.
Ethereum Price Forecast Today
Ethereum price forecast today shows ETH price is holding up well-above its 50-day MA at $1,784, while the 100-day moving average near $2,176 remains the first significant ceiling.
More so, ETH trending currently trading just above the 20-day EMA, which is turning upwards. The Stochastic Slow strategy has recently issued a sell signal (-2) on the daily close, but this appears to be weakening in effect as price fails to retrace lower, indicating that bears lack conviction to press further
Within these conditions, should Ethereum price break and close above $1,880, the path toward $1,950 opens with relatively little friction, supported by declining volatility and improved sentiment after Vitalik’s latest proposal.
A failure to break higher could see ETH retest $1,783, but sustained strength above that level could keep the upside momentum active.
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