Peter Thiel-backed crypto exchange Bullish (NYSE: BLSH) made a blockbuster debut on Wall Street on August 13, nearly doubling from its IPO price. Citing an early opportunity, Cathie Wood’s Ark Invest purchased a staggering 2.5 million BLSH shares on the very first day. The BLSH stock ended 83% on Wednesday’s closing, from its IPO price
Bitcoin price has broken into uncharted territory, hitting a fresh all-time high of above $124,000. BTC is now up nearly 8% over the past week.
The move comes as a key on-chain shift line up in the bulls’ favor. Aggressive buying in perpetual futures has been building for days. But this time, the bulls might just aim higher than the current all-time high zone, as a key plot twist has turned in favor of the Bitcoin price action.
Miner Reserves Retreat As Sell Pressure Eases
Earlier this month, miner reserves swelled from 1,806,790 BTC on August 2 to 1,808,488 BTC on August 10. This raised the risk of a supply wave hitting the market. This uptick reflected higher sell-side pressure from miners—a move often seen as a headwind for rallies.
But as the Bitcoin price tried breaking out, reserves fell to 1,806,630 BTC and have since held steady, signaling that the immediate selling risk has eased. This plot twist retreat has cleared the runway for buyers to push the market higher without heavy miner liquidation overhead.
Miner Reserves: The total BTC held by miners. Rising reserves can signal incoming sell pressure; falling reserves often remove a major supply-side threat.
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Taker Buy Volume Shows Bulls Were Ready
Taker Buy Volume; the total notional value of market buy orders lifting sell-side liquidity, surged to $14.31 billion on August 11 during a failed breakout attempt.
Here’s the key part — in order for a market buy order to get filled, it has to “hit” the sell orders already sitting on the order book. So even though they’re buying, they’re doing it immediately at the seller’s price, not waiting for a dip or a better deal.
In other words, high Taker Buy Volume means aggressive buyers are removing liquidity from the sell side of the order book — they’re clearing out sellers quickly, which can drive the price higher if the pressure keeps up.
This metric has remained elevated at $12.24 billion, showing traders are still chasing price at the ask instead of waiting for dips.
Historically, such sustained buy-side aggression often precedes successful breakouts. In this case, it was less a question of if the rally would break to new highs and more a question of when.
Key Bitcoin Price Levels to Watch
With momentum now tilted heavily toward the bulls, the immediate test lies at $124,300, which stands as the last significant barrier before higher targets come into play.
A clean break and daily close above this level could open the Bitcoin price path toward $127,600, aligning with the 1.0 Fibonacci extension and representing the next major upside objective.
On the flip side, if Bitcoin fails to hold above $121,600, especially in combination with a rebound in miner reserves, the bullish setup could face a sharper pullback.
Coinbase, one of the world’s leading cryptocurrency exchanges, has announced the addition of Useless Coin (USELESS) to its listing roadmap, marking a significant development for the Solana (SOL)-based meme coin.
The move has triggered a notable market reaction, driving increased trading activity and price volatility.
Coinbase Adds Useless Coin to Roadmap
Coinbase made the official announcement in a post on X (formerly Twitter). The exchange added that the launch of trading for any asset in the roadmap will depend on two key factors: the availability of market-making support and the establishment of sufficient technical infrastructure.
Market-making support ensures there is adequate liquidity, while technical infrastructure refers to the necessary systems and security measures to facilitate smooth trading. Once both of these conditions are met, the exchange will announce the official launch of trading for the assets.
“The Solana network (SPL token) contract address for Useless Coin (USELESS) is Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk,” the announcement read.
The market reacted positively to the news. The price rose from $0.22 to $0.32, an approximately 45% gain in less than an hour, before shedding some gains.
At press time, USELESS meme coin was trading at $0.27. This reflected a 23% increase since the roadmap addition. Furthermore, the daily trading volume surged 192.8% to $202 million.
A potential Coinbase listing is a major milestone for USELESS, which has only been in the market for three months. Notably, the meme coin has quickly gained traction despite its self-proclaimed lack of utility.
BeInCrypto reported that the token crossed the $100 million market capitalization mark one month after its debut. Additionally, it more than doubled that figure shortly thereafter, fueled by a bull rally that saw it reach an all-time high of $0.41 on July 28.
Following this peak, the coin experienced a slight correction. However, recent developments reignited its upward momentum. On August 13, Kraken announced the listing of USELESS.
“USELESS trading is live as of August 13, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost,” the exchange wrote.
The listing move triggered a 68.42% increase in the USELESS meme coin’s value. Coinbase’s subsequent roadmap inclusion has further amplified the rally.
Besides the price rise, retail interest is also surging. Blockchain data from Solscan revealed that over 1,000 new holders have acquired USELESS coin in a single day. This surge aligns with a broader trend of meme coin enthusiasm, particularly within the Solana ecosystem, where USELESS has carved a niche despite its satirical branding.
WalletConnect Token (WCT) Will Begin Trading on Coinbase Today
Meanwhile, Coinbase also revealed that it will be adding trading support for WalletConnect Token (WCT). The exchange notified users that trading will begin on August 14, around 9 AM Pacific Time (PT).
“Once sufficient supply of this asset is established trading on our WCT-USD trading pair will launch in phases. Support for WCT may be restricted in some supported jurisdictions,” Coinbase added.
About 10 months ago, a hacker stole $53 million from Radiant Capital, converting the entire amount into 21,957 ETH. Recently, the hacker began selling off 9,631 ETH for approximately $43.94 million at an average price of $4,562 per ETH. With 12,326 ETH still held, valued at $58.6 million, the total worth has risen to $102.54 million. This results in a profit of $49.5 million, marking a 93.5% increase from the original theft. The case highlights ongoing risks in decentralized finance and crypto security.
The post Radiant Capital Hacker Nearly Doubles Stolen Funds Through Ethereum Trading appeared first on Coinpedia Fintech News
About 10 months ago, a hacker stole $53 million from Radiant Capital, converting the entire amount into 21,957 ETH. Recently, the hacker began selling off 9,631 ETH for approximately $43.94 million at an average price of $4,562 per ETH. With 12,326 ETH still held, valued at $58.6 million, the total worth has risen to $102.54 …
Bitcoin surged past $124,000 on August 14, 2025, setting a fresh all-time high. This milestone pushed Bitcoin ahead of Google, making it the fifth-largest asset by market capitalization worldwide. The rally was driven by strong institutional interest, ETF inflows, and expectations of a U.S. interest rate cut. Bitcoin’s surge also lifted the entire crypto market, which is now close to a $4.2 trillion valuation, with major altcoins like Ethereum showing solid gains. This marks another key step in Bitcoin’s mainstream financial acceptance.
The post Bitcoin Hits New All-Time High of $124,000, Becomes 5th Largest Global Asset appeared first on Coinpedia Fintech News
Bitcoin surged past $124,000 on August 14, 2025, setting a fresh all-time high. This milestone pushed Bitcoin ahead of Google, making it the fifth-largest asset by market capitalization worldwide. The rally was driven by strong institutional interest, ETF inflows, and expectations of a U.S. interest rate cut. Bitcoin’s surge also lifted the entire crypto market, …
Bitcoin has smashed through its old record, hitting $123,600 and sending a wave of excitement through the crypto world. The jump comes as traders bet big on a September Fed rate cut, with fresh inflation data showing prices cooling to 2.7%. There’s even talk from US Treasury Secretary Scott Bessent about a bigger 50 bps cut, which could pump more money into the markets and fire up risk-taking. Riding the hype, Santiment celebrated Bitcoin’s $123,610 peak as a proud milestone in its 17-year journey.
Fed Rate Cut Fuels Liquidity Hopes
A potential rate cut is a green light for increased liquidity in the market, offering a significant tailwind to both Bitcoin and altcoins. BTC’s market cap has now leapfrogged Google and Amazon, ranking as the sixth-largest asset globally, with only gold and tech giants like Apple, Microsoft, and Nvidia ahead. This milestone has also boosted institutional portfolios. MicroStrategy’s Bitcoin holdings have reached a record $77.2 billion, while El Salvador’s national BTC stash now sits on an unrealized profit of over $468 million.
Whale Moves Signal Confidence
Adding to the bullish tone, on-chain trackers flagged a massive whale withdrawal of 5,400 BTC (worth $656 million) from Kraken, likely destined for cold storage. While some suggested it could be a portfolio reshuffle, analysts believe it signals strong institutional accumulation. Large-scale withdrawals to private wallets often hint at long-term conviction and reduced sell pressure, factors that can help sustain price rallies.
Miner Reserves Drop, Easing Sell Pressure
One key factor supporting Bitcoin’s rally is the sudden drop in miner reserves. Earlier this month, reserves climbed from 1,806,790 BTC on August 2 to 1,808,488 BTC on August 10, raising fears of increased selling from miners, a common rally killer. But just as BTC began breaking out, reserves fell to 1,806,630 BTC and have since stayed steady. This decline means less immediate selling risk, removing a major obstacle for bulls looking to push prices higher.
Ethereum has followed Bitcoin’s lead, rallying over 28% in the past week and inching closer to its own ATH of $4,891. Traders are now weighing whether this liquidity injection could trigger a broader breakout in altcoins. With Ethereum’s options open interest hovering near record highs at $13.75 billion, derivative markets point toward incoming volatility.
Market Outlook
In the current situation, if liquidity from a Fed rate cut combines with rising ETF inflows and stablecoin adoption, the next phase of this rally could push Bitcoin deeper into price discovery and potentially ignite the long-awaited altcoin season.
Interestingly, Samson Mow, CEO of JAN3 and a long-time Bitcoin advocate sees two possible outcomes for Bitcoin now, either BTC surges massively, causing altcoins to drop 30–40%, or altcoins rally first, then crash hard, with Bitcoin briefly dipping before moving higher again.
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Bitcoin has smashed through its old record, hitting $123,600 and sending a wave of excitement through the crypto world. The jump comes as traders bet big on a September Fed rate cut, with fresh inflation data showing prices cooling to 2.7%. There’s even talk from US Treasury Secretary Scott Bessent about a bigger 50 bps …
In the past 24 hours, the altcoin market has turned strongly green, riding the momentum from Bitcoin’s record-breaking rally past $124,000. Ethereum gained over 2%, continuing its impressive 29% rise this week. Solana jumped more than 5%, Dogecoin surged over 5%, and Cardano soared by 17%, crossing the $1 mark.
Crypto analyst and educator Adam Stokes explained that the market could take one of two extreme paths. In the first scenario, the market sticks to the classic four-year cycle we have seen in the past. Bitcoin rallies to new highs, retail investors jump in late, and then the market crashes sharply. This would be “business as usual” for seasoned crypto traders.
In the second scenario, the pattern changes completely. With fiat currencies like the US dollar losing strength due to constant money printing, Bitcoin could emerge as a true safe haven. In this extended super cycle, Bitcoin might not only break past records but surge into the $500,000 to $1 million range over time.
What’s Next For BTC and Altcoins?
Adam’s own forecast sits between these extremes. He believes Bitcoin could soon reach $147,500 at the low end and possibly hit $200,000 before the cycle ends, with a slim chance of touching $500,000 if momentum explodes.
For Ethereum, he sees a climb to $10,000, while Solana could rise to $1,000. He expects Sui to reach between $8 and $10, with more potential if demand increases. BNB, he says, can return to the $1,000 level. Cardano remains a long-term favourite for him, with hopes of $5 eventually, but he admits it first needs to cross and stay above the $1 mark.
He pointed out that some projects, like Cardano, have strong technology but not enough real-world usage. In his words, “It doesn’t matter how good your backend is or how pretty your logo looks. If people aren’t using it, the price won’t rise.”
For now, the big question remains: will crypto follow its usual boom-and-bust rhythm, or are we about to enter a historic extended run?
The post Cryptocurrency Price Predictions: BTC $200K, ETH $10K, SOL $1K, ADA $5 appeared first on Coinpedia Fintech News
In the past 24 hours, the altcoin market has turned strongly green, riding the momentum from Bitcoin’s record-breaking rally past $124,000. Ethereum gained over 2%, continuing its impressive 29% rise this week. Solana jumped more than 5%, Dogecoin surged over 5%, and Cardano soared by 17%, crossing the $1 mark. Crypto analyst and educator Adam …
As the crypto market gears up for what could be its next major bull run, one asset is quietly positioning itself at the heart of a trillion-dollar shift, Chainlink (LINK). Chainlink’s native token surged to an eight-month high on, extending its weekly gains to 45%.
Despite such a weekly gain, Top crypto analyst Miles Deutscher suggests more gain for Link, citing a growing role in the institutional adoption of blockchain technology.
Why Chainlink (Link) Price is Surging
The biggest reason behind this bullish surge is that Chainlink got a major boost from its new deal with Intercontinental Exchange to bring forex and precious metals pricing data on-chain, a step that strengthens its link between Wall Street and blockchain.
Another big reason is its new “Chainlink Reserve” program will use revenue from services and partnerships to buy LINK, helping keep demand strong.
Adding fuel to the rally, Large holders (whales) have been actively buying LINK. This trend signals strong belief in the token’s potential and adds fuel to the ongoing rally.
Apart from this, Miles Deutscher points to the rise of tokenized real-world assets (RWAs) as a key driver of Chainlink’s rapid growth. In just two years, this market has jumped from $1 billion to $13 billion, covering everything from tokenized bonds to on-chain real estate.
Right now, Chainlink secures about 84% of all value on Ethereum oracles and $84.65 billion across DeFi, far ahead of competitors.
Its reach spans beyond crypto, with major partners like SWIFT, JPMorgan, Euroclear, and Mastercard already on board.
Chainlink Eyeing $27 Level
As of now, LINK token is currently trading near $23.80, showing a slight dip over the past day. However, it’s still holding strong above its 50-day and 200-day moving averages, which signals ongoing bullish momentum.
In the short term, $24.45 is acting as resistance, while support sits around $22.80. If LINK can break above the $24.45 resistance zone, it could open the door for the next rally towards $27.
Meanwhile, the LINK RSI index is at 52, which is fairly neutral, suggesting more room for the price to climb further.
The post Chainlink Price Breaks 8-Month High as Wall Street Backs Link – Here’s What’s Next appeared first on Coinpedia Fintech News
As the crypto market gears up for what could be its next major bull run, one asset is quietly positioning itself at the heart of a trillion-dollar shift, Chainlink (LINK). Chainlink’s native token surged to an eight-month high on, extending its weekly gains to 45%.Despite such a weekly gain, Top crypto analyst Miles Deutscher suggests …
Ethereum (ETH) price surged as Standard Chartered raised its year-end target. The firm cited strong market momentum and growing stablecoin-driven demand as the basis for this forecast. Bank Cites Stablecoin Growth and Staking Demand in Bullish Ethereum Outlook According to a Reuters report, Standard Chartered has increased its year-end forecast for Ethereum to $7,500 from
Crypto ETF issuer Canary Capital has registered an entity that indicates plans to offer a Trump coin ETF. This provides a bullish outlook for the meme coin, which spiked on the revelation of this registration from the asset manager. Canary Capital Reveals Plans To Offer Trump Coin ETF Data from the Delaware Division of Corporations
