Chain News Today TheBitTimes.com

The stablecoin supply on the Ethereum blockchain has reached a new all-time high (ATH) after Tether and Circle went on a minting spree. According to an X post by Token Terminal, the supply of stablecoins on Ethereum has surpassed $160 billion.  “The supply has more than doubled from January ‘24 levels,” Token Terminal said in its post.  Ethereum’s surging stablecoin supply cements its dominance over the stablecoin market. With the recently passed GENIUS Act legitimizing the sector, the surge of newly minted tokens, which is fuel for trading, lending, and DeFi activity, could support increased demand for ETH and potential outperformance against the broader crypto market. Tether And Circle Mint Billion Of Dollars The stablecoin supply peak on Ethereum comes as Tether and Circle, the issuers of leading stablecoins USDT and USDC, minted billions of dollars worth of their tokens in the last couple of days. On-chain analytics platform Lookonchain said ...

Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be deployed across multiple chains simultaneously.” News of the addition preceded a massive price increase for the asset, as it went from a price of $0.095 on August 28th to a peak of $0.308 just a day later. MITO has since stabilized and is trading for $0.25 at time of writing, a staggering 143% increase during the last 24 hours. On its website, Mitosis says it is attempting to a...

The US SEC has undergone a significant shift in its stance toward the cryptocurrency sector following the recent regime change. The Biden-led regime was stringent when it came to accommodating new inventions in the cryptocurrency sector. The Trump-led regime, with its new inclinations and interests, however, has softened its stance towards the sector. The world is now witnessing a new era where 15 XRP ETFs are on the ground, waiting to gain steady approvals, which could eventually help XRP climb to new price highs. Will this massive change help Ripple secure a double-digit rally? Let’s find out. Also Read: What Does It Take for Ripple (XRP) to Reach $5? 15 XRP ETFs on the Ground: What It Truly Means Source: CryptoSlate Bloomberg has confirmed a new XRP development. This scenario points to the explosive potential that is yet to unravel, an event strong enough to change the future price trajectory of Ripple. As per Kenny Nguyen, there are 15 XRP ETFs pending with the US SEC right no...

VeChain’s (VET) price seems to be recovering from the recent market dip. According to CoinGecko data, VET’s price has gained 4.1% in the last 24 hours, 7.6% in the weekly charts, 2% over the previous month, and 9.2% since August 2024. Despite the rally, VET is still down by 1.4% in the 14-day charts. Source: CoinGecko VeChain Price Predicted To Hit $0.03 VET may continue to surge over the coming days before facing a consolidation. According to CoinCodex VeChain statistics, VET will hit $0.032326 on Oct. 22. The platform anticipates the asset to face a slight correction soon after hitting the $0.03 mark. Hitting $0.032326 from current price levels will entail a rally of about 25.44%. Source: CoinCodex VeChain’s (VET) latest price rally is likely due to a market-wide resurgence. Bitcoin (BTC) has reclaimed the $112,000 mark after briefly falling below $110,000. BTC’s rebound may have boosted investor sentiment. VeChain’s (VET) price rally may have been pushed...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Ethereum’s (ETH) climb past $4,600 has been met with a powerful show of confidence from one of Wall Street’s most outspoken crypto advocates. BitMine, linked to Fundstrat co-founder Tom Lee, now holds more than $7.08 billion worth of Ethereum, according to data from on-chain intelligence platform Arkham on Wednesday, August 27. The entity’s 1.538 million ETH makes it one of the single largest corporate treasuries in the crypto space. In the last 24 hours, Bitmine added another $21.3 million in ETH, underscoring its aggressive accumulation strategy. Market trackers suggest the firm is aiming for control of 5% of Ethereum’s total circulating supply, $27 billion at current prices. Ethereum holdings in Bitmine portfolio. Source: Arkham Rotation into Ethereum from Bitcoin The scale of the bet reflects a broader capital rotation unfolding across digital assets. On Tuesday, analysts noted a significant shift from Bitcoin (BTC) into Ethereum, with futures activity, ETF...

Institutional investment in Bitcoin (BTC) exchange-traded funds (ETFs) saw record highs in Q2 2025, climbing to approximately $33.6 billion. A more detailed picture suggests that institutions added 57,375 BTC across tracked categories during the quarter, according to Bloomberg Intelligence data published on August 25.  Advisors accounted for the majority of it, building $17.4 billion in ETF positions, nearly double that of the hedge funds, which witnessed a $9 billion exposure. What is more striking, however, is that the same data reveals that virtually every investor category increased Bitcoin ETF holdings during the second quarter, illustrating the asset’s growing appeal as a digital hedge. Everyone is buying Bitcoin ETFs Investment advisors have become the biggest holders of spot Bitcoin ETFs, adding a total 37,156 BTC (worth north of $17.4 billion) to reach a collective 161,909 BTC in Q2.  In fact, the numbers reported by advisors now surp...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A Congressman in the Philippines has introduced a proposal to establish a Strategic Bitcoin Reserve that would see the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), purchase up to 10,000 BTC.  Submitted as bill number 421 by Congressman Miguel Luis Villafuerte, the proposed “Strategic Bitcoin Reserve Act” mandates the purchase of 2,000 BTC yearly over a five-year period. That BTC will be locked up for 20 years as part of a “holding period.”   “During the minimum holding period, no Bitcoin held in the Strategic Bitcoin Reserve may be sold, swapped, auctioned, encumbered, or otherwise disposed of for any purpose other than retiring outstanding government debt instruments,” Villafuerte wrote in the bill. If enacted, the bill would make the Philippines one of the first countries in Asia to legislate a sovereign strategic BTC reserve. Bitcoin Can Provide Financial Stability In the bill, the Congressman said that...

According to a CNBC-TV18 report, Shiba Inu (SHIB) was the most-traded cryptocurrency in India in 2024. SHIB dominated the Indian charts, grabbing the attention of nearly 9% of all investors. The popular dog-themed crypto was far ahead of the competition. The high trade volume was also met with positive price action. SHIB breached the $0.00003 price level in March of 2024 and then again in December. However, the asset seems to be facing some hurdles this year. Can Shiba Inu Reclaim India’s Attention in 2025? Source: Pixabay Shiba Inu’s (SHIB) price has faced quite a struggle in 2025. The asset has seen a gradual decline since the beginning of this year. SHIB’s price has dipped by more than 66% since December of last year. The asset is also down by more than 85% since its all-time high of $0.00008616, which it attained in October 2021. Shiba Inu’s (SHIB) downward price action has also led to a steep dip in its market cap. The project is currently the 29th largest c...

A closely followed crypto analyst says that Ethereum (ETH) may be gearing up to print fresh all-time highs. In a new thread, crypto trader Michaël van de Poppe tells his 803,300 followers on X that ETH may be on the verge of testing its all-time high level of around $4,900, after retesting key support levels in the low $4,000 range. The analyst also says a strong ETH rally may ignite breakouts for other altcoins. “A massively strong chart on ETH. It should signal that, if we create an HTF (high timeframe) on lower timeframes, we’re ready for another test of the highs. That test of highs should ultimately result in higher returns on altcoins.” Source: Michaël van de Poppe/X ETH is trading for $4,706 at time of writing, up 10.7% in the last 24 hours. One altcoin on Van de Poppe’s radar is Theta Network (THETA), a peer-to-peer distribution platform for video content. According to the crypto strategist, THETA could surge to his target price ...

This week, Bitcoin (BTC) exchange-traded funds (ETFs) saw four days of consecutive outflows, with another $194.4 million in sales recorded on Thursday, August 21. BlackRock (IBIT), the leading fund with over $85 billion in assets under management, alone shed approximately $127.5 million worth of BTC, according to August 22 data on SoSoValue . However, Ethereum (ETH) ETFs saw a reversal of fortune, seeing $287.6 million in inflows, with BlackRock (ETHA) adding $233.6 million just one day after reporting $257 million in withdrawals. Accordingly, investors are speculating whether we’re looking at a short-term profit strategy or whether we might see a rotation from Bitcoin to Ethereum if the trend continues in the future. U.S. spot ETH ETFs. Source: SoSoValue Is BlackRock betting on Ethereum? BlackRock’s Ethereum holdings have grown 230% since January 1, reaching 3.55 million ETH, worth around $15 billion, according to Arkham Intelligence .  More broadl...

Bitcoin (BTC) is the best-performing asset of the last decade and a half. The asset’s price went from $1 in 2011 to more than $124,000 in 2025. Tech stocks and commodities are not even in the same ballpark. While the asset’s growth has been monumental, many anticipate the original crypto to eventually breach the seven-digit price figure. Let’s look at three industry experts who believe Bitcoin will hit $1 million. Cryptocurrency Experts Predict Bitcoin’s Rise to $1 Million Source: Watcher.Guru Coinbase CEO Brian Armstrong shared a clip on X of his recent interview with Stripe. In the interview, Armstrong stated that he believes Bitcoin will hit the $1 million mark by 2030. Armstrong cites US regulatory clarity, the US government’s Bitcoin reserve, and the growing interest in crypto-based ETFs for his bullish outlook. I think we'll see $1M per bitcoin by 2030. Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there's a growi...

The North Korean hacker collective Lazarus Group is up over $40 million on the proceeds from last year’s Radiant Capital hack, and now it’s trading the ether (ETH) market like a pro. The group’s movements were picked up by EmberCN, a Chinese-language blockchain data Analysis account on X. It noted that the hackers sold “9,631 ETH at an average price of $4,562 for 43.937 million DAI just a week ago,” before buying the dip today for a total of 4487.8 ETH with an average price of $4,154. 啊，好家伙，这 Radiant Capital 黑客竟然玩起波段来了： 他不是在一周前以 $4,562 的均价卖出了 9,631 枚 ETH 换成 4393.7 万 DAI 嘛。 这几天 ETH 回调了，他在过去 1 小时里又用 $864 万 DAI 以 $4,096 的价格重新买回了 2109.5 枚 ETH… 现在 Radiant Capital 黑客持有 14,436 枚 ETH+3529 万… https://t.co/hO4MbNPrjd pic.twitter.com/ihLYhpmNAV — 余烬 (@EmberCN) August 20, 2025 Read more: The solution to crypto’s Lazarus problem could be simpler than expected After spending the first half of August surging from $3,400 to almost $4,800, close to its all...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...