US spot Bitcoin exchange-traded funds (ETFs) broke a four-day outflow streak on Wednesday, posting $91.5 million in net inflows, according to data from SoSoValue. Key Takeaways: US spot Bitcoin ETFs rebounded with $91.5M in net inflows, breaking a four-day outflow streak. BlackRock’s IBIT led the recovery, while ARK & 21Shares’ ARKB was the only major…
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KakaoBank Mulls South Korean Won-Backed Stablecoin Launch by 2025: Report
South Korean KakaoBank is reportedly entering the growing stablecoin market with plans to launch a KRW-backed stablecoin this year. The company CFO Kwon Tae-hoon said at KakaoBank’s first-half 2025 earnings call on Tuesday that the bank is “reviewing various methods such as issuance and custody related to the digital asset ecosystem.” “We plan to engage…
JPMorgan Taps New Global Co-Head to Lead Blockchain Arm Kinexys
JPMorgan Chase has named Kara Kennedy as the new global co-head of Kinexys, the bank’s blockchain-focused division, deepening its investment in digital asset infrastructure as regulatory clarity improves in the US. Bloomberg reported Wednesday that Kennedy, who is based in Edinburgh, will oversee Kinexys Digital Assets and Kinexys Labs, two units that focus on asset…
[LIVE] Crypto News Today: Latest Updates for August 07, 2025 – Bitcoin Drifts in Fragile Range as Layer2 and RWA Tokens Outperform
The crypto market is showing mixed signals today, with Bitcoin hovering around $114K and Ethereum briefly breaking above $3,700 before settling slightly lower. BTC is caught in a low-liquidity “air gap” between $110K and $116K, raising concerns about further downside if demand doesn’t return. While Layer2 tokens like POL and Mantle jumped over 8%, and…
Crypto Asset Manager Parataxis to Go Public in SPAC Merger, $640M BTC Treasury in Focus
Parataxis Holdings, an institutional digital asset manager, has confirmed a SPAC merger with SilverBox Corp IV to raise up to $640 million for a NYSE-listed Bitcoin treasury company. The combined firm will be named Pubco and will trade under the ticker “PRTX,” an official release noted. SPAC Earmarks $31M for BTC Purchase The special purpose…
GDX Elliott Wave Outlook: Strong Wave 3 Surge with $58 3 Target
The Gold Miners ETF (GDX) continues its upward trajectory, forming a pattern of higher highs and higher lows since its September 2022 bottom, signaling a robust bullish market. From the July 17, 2025 low, GDX has embarked on a five-wave impulse Elliott Wave structure in the shorter cycle. The hourly chart shows wave (1) peaking…
USDC Leads 3x Rise in Crypto-Based Salary Payments Over Past Year: Survey
The share of workers paid in cryptocurrency has more than tripled over the past year, with USDC emerging as the most popular digital asset for payroll, according to Pantera Capital’s 2024 Blockchain Compensation Survey. In 2023, only 3% of respondents reported receiving any part of their salary in crypto. That figure jumped to 9.6% in…
Bitcoin Price Prediction: $218M Satsuma Raise and SMA Retest Hint at $123K Breakout
Bitcoin is trading just above $114,000, defending its ascending trendline and 50-day SMA, a key confluence zone that traders often watch for bullish continuation. This technical retest comes as institutional momentum heats up: Satsuma Technology just raised $218 million in BTC-denominated funding, adding to a broader wave of long-term capital moving into Bitcoin. With higher…
Leading AI Claude Predicts the Price of XRP, Pi Coin and Solana by the End of 2025
Anthropic’s Claude AI is projecting robust growth for several leading altcoins as Bitcoin continues its climb and potentially triggers the next phase of a broader crypto bull run. Last month, Bitcoin set a new historical benchmark, surging to $122,838. This milestone has led many analysts to speculate that Bitcoin’s momentum could serve as a launchpad…
Crypto Price Prediction Today 6 August – XRP, Dogecoin, Pepe
Last month, the biggest crypto Bitcoin (BTC) hit a fresh all-time high (ATH) price of $122,838, reigniting enthusiasm among market participants. Many industry watchers believe Bitcoin may be on the verge of another upward breakout, as it continues to challenge its recent record. This bullish momentum has also spilled over into the altcoins and the…