Crypto

Bitcoin and Ethereum dropped Friday along with stocks, with ETH now down 13% from its all-time high set on Sunday.

Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.

The Bitcoin treasury playbook is losing its punch as these companies watch their share prices tumble back to earth. The number of Bitcoin (BTC) treasury firms keeps on climbing, but announcing a BTC strategy is no longer a guaranteed way to pump a company’s share price. The model was pioneered by Strategy (formerly MicroStrategy), now the world’s largest publicly traded corporate holder with 632,457 BTC at the time of writing. Since its first purchase in August 2020, Strategy’s stock has risen more than 2,200%. As of Friday, Aug. 29, 2025, 161 publicly traded companies each hold more than 1 BTC, according to BitcoinTreasuries.net. Together, they hold 989,926 BTC — about 4.7% of Bitcoin’s supply. Read more

The initiative marks a strategic pivot: after years spent scaling throughput and lowering costs, the protocol team is now zeroing in on interoperability as the key to user experience.

Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week's Bitcoin Asia get-together.

Ethereum Foundation researchers said interoperability is the top near-term UX priority, with focus on intent-based architecture, speed and unifying standards. Ethereum Foundation researchers have highlighted that interoperability is the top near-term priority for Ethereum development. The researchers wrote in a Friday blog post that “we see interoperability, and related projects presented in this note, as the highest leverage opportunity” within the user experience domain in the next six to 12 months. The near-term strategy focuses on intent-based architecture and general message-passing. In other words, the focus is on allowing users to express outcomes (or “intents”) while the network handles the low-level transactions, and upgrading the crosschain “pipes” (message-passing infrastructure) so that those intents execute smoothly across layer-1 and rollups. The Ethereum Foundation states that it will optimize for specific metrics, including time-to-inclusion, confirmation/finality, layer-2 settlement, and sign...

The meme token slides from $0.22 to $0.21 in the August 28–29 window, with $200 million in exchange inflows adding pressure amid broader market caution.

Everything Blockchain will be able to convert XRP to the Flare-native FXRP and allocate it to lending, staking, and liquidity protocols.

Eliza Labs has filed a lawsuit against X Corp, accusing the Elon Musk-owned company of abusing its dominant position to suppress competition. The post Eliza Labs Sues Elon Musk’s X Corp, Alleging Monopoly Abuse and Copycat AI Products appeared first on Cryptonews.

CRO charted a multi-year high before correcting slightly, while ETH is down by over $600 since its peak.

The broker noted IREN's recent designation as an NVIDIA preferred partner, which came almost simultaneously with the announcement of the purchase of an additional 2,400 GPUs.

Some of the leading altcoins are set to rise out of the “waiting room,” potentially expanding the crypto market cycle into the first quarter of 2026, according to Pal. The cryptocurrency market may be in the “waiting room” ahead of the next phase of the price discovery stage, in a development that may see institutional capital extend the historical four-year cycle, according to industry watchers. As the crypto market is awaiting its next catalyst, the “slow business cycle’s” liquidity dynamics may extend the traditional four-year cycle into the first or second quarter of 2026, according to Raoul Pal, founder and CEO of Global Macro Investor “Many key parts of the crypto ecosystem are in the waiting room ready to launch,” wrote the popular analyst in a Friday X post, adding:  Read more

Developers must integrate AI agents through intent-centric systems or risk replicating the same problems Web3 set out to eliminate. Opinion by: Adrian Brink, co-founder of Anoma Web3 was founded on decentralization, sovereignty, verifiability and resilience. Now, those values are under threat. The rise of AI agents is beneficial and inevitable. Unless agents are built on sovereign intent-centric infrastructure, they are a threat to the core values of crypto.  The integration of intents is no longer just about improving UX; it’s about enabling agents to reach their full potential without sacrificing the soul of Web3.  Read more

Stellar (XLM) was also among the underperformers, falling 3% from Thursday.

Ethereum leads tokenized institutional alternative funds with $1 billion in value, accounting for more than half of the market. Tokenized institutional alternative funds (IAF) surged 47% in the last 30 days, reaching a total value of $1.74 billion, according to data from real-world asset (RWA) tokenization tracker RWA.xyz. The data showed that all protocols except Libre Capital had percentage increases in the last 30 days. Centrifuge led the growth, expanding its market cap by 252% to $704 million. This gave the issuer a 40.4% market share for IAFs.  Apart from IAFs, Centrifuge also had almost $400 million in tokenized US Treasury products, bringing its total value locked (TVL) to over $1 billion. This allowed Centrifuge to join BlackRock’s BUIDL fund and Ondo Finance to surpass the $1 billion RWA milestone.  Read more

The Amdax-backed initiative sets sights on Euronext listing; The founder of bitcoin miner Hut 8 is among the investors.

Pudgy Party, a multiplayer blockchain game from Pudgy Penguins and Mythical Games, is now available globally on mobile.

A total of 92 crypto exchange-traded funds are currently awaiting review from the U.S. Securities and Exchange Commission, according to Bloomberg Intelligence ETF analyst James Seyffart, with Solana leading eight pending ETF applications and XRP following with seven applications under review. The post 92 Crypto ETFs Now Await SEC Approval with Solana, XRP Leading Applications appeared first on Cryptonews.

Seoul’s Cyber Investigation Unit has arrested 16 suspects after a syndicate stole $28.1M from 258 high-profile Koreans, including BTS’s Jungkook, by breaching sites and opening fraudulent phone lines. The post BTS Star Jungkook Targeted as Hackers Steal $28.1M from South Korea’s Elite appeared first on Cryptonews.

Ethereum has fallen harder than the broader crypto market, as 1 million ETH are set to be withdrawn from staking.