Crypto

While the CoinDesk 20 Index of largest tokens has gained less than 1% in the past 24 hours, the CoinDesk 80 Index has rallied 4%.

Built on Discrete Log Contracts from Atomic Finance, Lygos says its new BTC credit platform avoids the custodial risks that sank Celsius, BlockFi and Voyager.

A significant portion of the almost $5 billion ETH awaiting withdrawal may be sold to lock in profits, considering Ether’s 72% climb over the past three months Ethereum is seeing the largest validator exodus in crypto history, with over 1 million Ether tokens currently waiting to be withdrawn from staking through Ethereum’s proof-of-stake (PoS) network. Ethereum’s exit queue surpassed 1 million Ether (ETH) worth $4.96 billion on Thursday. This marks the amount of Ether set for withdrawal by the network’s validators, who are responsible for adding new blocks and verifying transactions in proposed blocks, playing a vital role in the functioning of the blockchain network. The mass exodus has extended the validator exit waiting time to a record 18 days and 16 hours, according to blockchain data from validatorqueue.com. Read more

Solana briefly broke February resistance as retail commentary turned overwhelmingly bullish.

BitMart withdrew its application for a virtual asset service provider license in Hong Kong, joining several other major exchanges. Crypto exchange BitMart withdrew its application for a virtual asset service provider license in Hong Kong. According to the list of virtual asset trading platforms maintained by the Hong Kong regulator, the Securities and Futures Commission (SFC), BitMart withdrew its application on Thursday. This followed similar decisions by other crypto trading platforms. Major crypto exchange Bybit applied last year but withdrew its application at the end of May 2024. Similarly, OKX withdrew its application at the end of May, as did Gate. Read more

The Solana advocacy group's funds will aid efforts by Roman Storm and Alexey Pertsev, developers of Ethereum coin mixer Tornado Cash, to appeal their respective criminal convictions in the U.S. and the Netherlands.

Your day-ahead look for Aug. 28, 2025

El Salvador President Nayib Bukele drew attention to lively betting activity on El Salvador’s Bitcoin holdings hitting $1 billion by late 2025. El Salvador President Nayib Bukele called attention to prediction markets amid increasing bets that the country’s Bitcoin holdings will hit $1 billion by year-end. Bukele took to X on Wednesday to tweet about Kalshi’s prediction market, which shows increasing betting activity on El Salvador’s Bitcoin (BTC) holdings hitting $1 billion by late 2025. “I could do the funniest thing right now,” Bukele said, as the odds of El Salvador hitting a $1 billion Bitcoin milestone before November jumped from 20% to 38% on Kalshi. Read more

XRP analysts remain confident of a bullish continuation with short-term targets around $4 and $20 for cycle tops. Key takeaways: XRP’s macro outlook remains bullish, with technical scenarios projecting a cycle top above $20, according to one analyst. XRP’s symmetrical triangle signals a potential bullish breakout targeting $4. Read more

Alpenglow also introduces a “20+20” resilience model, which promises to keep the chain running even if 20% of validators are adversarial and another 20% are offline.

About $1.17 billion will be released through cliff unlocks, while $3.36 billion will come from linear unlocks in September. Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist.  Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire.  Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply.  Read more

More than 51,800 addresses lost $1-$1,000, 5,269 are down $1,000-$10,000 and 1,025 shed $10,000-$100,000, Bubblemaps said.

Bitcoin bulls are shrugging off the risk of fresh BTC price downside with a return to $113,000, but they have more work to do, said trader Peter Brandt. Key points: Bitcoin builds on 1.6% daily gains as bulls overcome a fresh round of BTC sales by an “OG” whale entity. Accumulation is in full swing across the board, research says, with interest mimicking April’s price rebound. Read more

Over 70,000 wallets piled into the YZY memecoin, but most lost money as its price collapsed by over 80%, underscoring the risks of celebrity-backed tokens. More than 51,000 traders incurred losses on Kanye West’s recently launched memecoin, highlighting the potential risks of trading celebrity-endorsed tokens with no intrinsic technological utility. The Kanye West-linked YZY token was launched on the Solana blockchain on Aug. 21. It rallied 1,400% within the first hour before losing over 80% of its value. Of the 70,200 traders who invested in the celebrity-endorsed token, more than 51,800 realized losses, with three traders losing over $1 million, according to blockchain data platform Bubblemaps. Read more

Bitmine is one of the largest corporate holders of ether, having purchased over 1.7 million ETH, worth just under $8 billion at current prices.

Solana DEX traders are looking elsewhere for gains, with experts citing a rise in meme coin scams and a shift in perspectives.

Metaverse platform The Sandbox is cutting more than half its staff and closing offices worldwide as Animoca Brands assumes direct control amid dwindling users.

Thaksin met with global digital asset firms in Bangkok to discuss a sovereign reserve and Thailand’s role in regional crypto finance.

Traders on Polymarket see a 7% chance of Johnson winning the bid.

BTC has recovered from sub-$108,800 alongside new highs in the S&P 500.