12 Aug 2025, 11:00

Ethereum Price To Surge To $8,500? The Mechanics Of The Current Bull Run

Ethereum’s price trajectory has taken on a decisively bullish tone with its movement in the past 24 hours. Now, technical patterns are pointing to the possibility of a rally that would not only push it past its current all-time high of $4,878, but also carry it to as high as $8,500. A recent analysis by TradingView analyst melikatrader94 points to the formation of a Right-Angle Broadening Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024. The Mechanics Of Ethereum’s Current Bull Run Ethereum’s price action in the past few days has been very notable in terms of bullishness. The leading altcoin is currently up by 20% and 45% in the past 24 hours and seven days, respectively. This powerful upswing has pushed Ethereum to its highest price point since the peaks of the 2021 bull market. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest According to the technical analysis in question, which was initially shared by melikatrader94 on the TradingView platform, Ethereum is now playing out the last phase of an RABF pattern that has dragged on for many months. This RABF pattern is characterized by a horizontal resistance zone, now situated between $4,200 and $4,300, and a downward-sloping support trendline, which indicates that buyers are becoming increasingly aggressive with each pullback to reach the resistance again. The last time Ethereum bounced off this support trendline was in early April 2025, when it reached a low of $1,470. Since then, it has increased by about 194% up until the time of writing, where it is now attempting to break above the upper trendline. Price Target And What Needs To Happen According to the measured move principle, the breakout target is derived from the pattern’s vertical height, which is roughly $2,070. Adding this vertical height to the breakout level at $4,300 results in an initial price objective of $6,370. However, a strong bullish momentum beyond that milestone would see Ethereum extend its rally to as high as $8,500. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations Such an outcome would depend on if Ethereum can make a decisive daily close above $4,300 accompanied by robust trading volume. According to the analyst, this would set off a rapid advance with only a brief consolidation near the $5,100 mark before resuming its upward move. On the other hand, support levels to watch are at $3,700, then $3,200 in case Ethereum fails to hold above $4,300 and extend its rally. At the time of writing, Ethereum is trading at $4,320, up by 1.1% in the past 24 hours. Interestingly, this move has seen Ethereum outperforming other top cryptocurrencies like Bitcoin, XRP, and Solana, which are down by 2.2%, 3.5%, and 4% in the past 24 hours. Featured image from iStock, chart from Tradingview.com

12 Aug 2025, 11:00

Wisconsin Democrats scale up scrutiny on crypto ATMs with new bills

Wisconsin Democrats introduced companion Senate Bill 386 weeks after filing Assembly Bill 384 to tighten regulations on crypto kiosks amid rising scam-related losses. The proposals require crypto kiosks and ATMs to have money transmission licenses, imposing additional regulations on current laws under the Department of Financial Institutions’ Division of Banking. The proposals also require retail crypto spots to have strict KYC verifications and a daily transaction cap of $1,000 per customer. Fees will be capped at 3% or $5 of the amount transacted. The bills also required crypto kiosks and ATMs to display “Fraud Alert” warnings about scammers posing as loved ones, charities, or government representatives. The Democratic lawmakers believe crypto terminals around most of the country’s grocery stores and gas stations need urgent control. Data from Coin ATM Radar showed that Wisconsin alone has nearly 582 Bitcoin ATMs . The lawmakers said they were responding to a nationwide increase in fraud that cost victims almost $247 million in 2024. The proposals require refunds for scams reported within 30 days to be made available to the victims and allow law enforcement to track money, as in traditional banking. Roys warns ‘exciting’ emerging tech invites scams State Sen. Roys warned that although emerging tech could be “exciting,” it also invited scams or fraud. She hopes her fellow Senate members will “do something” about these rising crypto fraud cases this session. Roys pointed out that many of these crypto kiosks resembling ATMs evade many regulations. The Senator added that States need to step up customer protection because crypto kiosk guardrails are less transparent or regulated than most people assume. She said she wants to see Wisconsin crypto consumers “protected too.” Sergeant Scott Goldberg, an investigator at the Wood County Sheriff’s Department, claimed that victims were losing between $2,000 and upwards of $60,000 at a time in scams. He said fraud complaints at crypto kiosks started two years ago. However, he was concerned that how often they happened was not as important as how much was lost at a time. “That’s the real concern. In Wood County, we’re probably an average-sized county in the state population-wise, so I can’t imagine what it is like down in Dane County or Milwaukee County, where the mass populations are, or in the Fox Valley, where there’s just a lot more people.” – Sgt. Scott Goldberg , Investigator at the Wood County Sheriff’s Department Goldberg complained that scams are taking place everywhere, but law enforcement is “handcuffed” to the extent to which it can help with such scams. However, he warned that consumers should be vigilant. People should pause, stop, and physically call banks and law enforcement agencies when they run into suspected fraud. Kumar says bills help build public trust Dileep Kumar, Director at Digital South Trust, said the bills aimed to build public trust, albeit limiting high-value trades. Kumar also noted that the bills could reduce anonymity but pave the way for safer and more credible crypto adoption in daily transactions. Roys claimed that everyone wanted to spend their money however they chose without fear of losing it all to fraudsters. The co-founder of the Giottus crypto exchange, Arjun Vijay, pointed out that physical kiosks without strong KYC protocols are implicated in illicit activities and money laundering. Wisconsin lawmakers emphasized they are proposing an anti-fraud bill, not an anti-crypto bill. The bills propose that kiosk operators collect and verify every individual’s full legal name, date of birth, telephone number, residence address, and email. The operators must also obtain a copy of an individual’s government-issued ID, passport, or driver’s license. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

12 Aug 2025, 11:00

Metaplanet’s $61.4M Bitcoin buy pushes BTC reserves to $1.85B!

Metaplanet’s latest Bitcoin grab rattles the leaderboard. Is this the opening move in a bigger corporate power play?

12 Aug 2025, 11:00

XRP Jackpot? VivoPower’s Ripple Deal Could Net $696-M In Tokens

VivoPower, a Nasdaq-listed solar company, said it plans to spend $100 million to buy privately held shares of Ripple, according to company statements. Based on the company’s presentation of the numbers, that equity exposure would be the equivalent of about 211 million XRP , which VivoPower values at roughly $696 million. Details Of The Purchase According to VivoPower, the company intends to complete the purchase after two months of due diligence and subject to Ripple board approval. The company says the $100 million equity stake would provide an “underlying exposure” equal to about 211 million XRP, implying an average acquisition cost of about $0.47 per XRP . VivoPower also referenced a prior hypothetical involving 30 million XRP at $3.29. The company named custodial and transaction partners, including BitGo and Nasdaq Private Market, to handle custody and the share transfer process. How The Discount Is Calculated Based on reports , VivoPower’s announcement frames Ripple’s 41 billion XRP holding as the primary source of value when calculating an implied 86% discount against the token’s market price. That computation treats the XRP stash as the dominant asset and does not assign material value to Ripple’s operating units such as RLUSD, Hidden Road, Rail, and Metaco. VivoPower estimated it would require about $19 billion to acquire all 41 billion XRP at the same terms, and it referenced a prior valuation of about $135 billion for that holding at an earlier date. Market Reaction And Peer Moves Reports indicate the statement drew investor attention and broader market discussion. Other firms have announced XRP-focused treasury plans in recent weeks, including Trident Digital Tech, which plans to raise $500 million, and China’s Webus, which filed plans to raise $300 million. Wellgistics Health and Hyperscale Data were also named in reports as companies allocating treasury funds to XRP. The proposed transaction is for private Ripple shares and does not, on face value, transfer XRP tokens into VivoPower’s custody. Based on the company’s description, the position would represent equity exposure that is mapped to an underlying token equivalent, rather than an immediate token delivery. The transaction remains subject to Ripple management approval and customary closing conditions, and it may include transfer restrictions, lock-ups, or other legal terms. VivoPower stated that, under the framing used in its release, every $10 million of Ripple shares acquired would correspond to $5.15 of per-share growth for VivoPower shareholders; that metric depends on deal terms and subsequent valuations. Reports recommend monitoring VivoPower’s SEC and Nasdaq disclosures, and waiting for Ripple’s response and any definitive transaction documents to confirm final mechanics and accounting treatment. Featured image from VivoPower Facebook, chart from TradingView

12 Aug 2025, 11:00

ONDO, LINK, ZORA, PENGU: Why This Analyst’ Chose These 4 Altcoins for 2025 Rally

A crypto analyst has identified four altcoins that could lead the next crypto pump. The analyst identified ONDO, LINK, ZORA, and PENGU to potentially rally. Pudgy Penguins combine physical branding with technical utilities. According to a cryptocurrency analyst, four altcoins are going to lead the next phase of the crypto market pump. They include ONDO, LINK, ZORA, and PENGU. In his latest podcast , the analyst laid out the specific reasons why he believes these four tokens are set to outperform the rest of the market. ONDO Finance (ONDO) First on the list is ONDO Finance, which the analyst described as the clear leader in the Real-World Assets (RWA) sector. According to him, the RWA sector is strategically positioned to see the highest growth as a sub-category of crypto in the next few years. The analyst projected a 50x growth for the RWA sector in the next five years, with the ONDO native token at the forefront. A perfect partner? This RWA narrative is attracting big players. Here’s our story on ONDO’s major partnership move onto the XRP Ledger . Chainlink (LINK) Next up is Chainlink, which he identified as a core holding because of its sheer … The post ONDO, LINK, ZORA, PENGU: Why This Analyst’ Chose These 4 Altcoins for 2025 Rally appeared first on Coin Edition .

12 Aug 2025, 10:58

Bakkt names Akshay Naheta as sole CEO and President as Andrew Main steps down

More on Bakkt Holdings Bakkt Holdings, Inc. (BKKT) Q2 2025 Earnings Conference Call Transcript Bakkt Holdings, Inc. 2025 Q2 - Results - Earnings Call Presentation Bakkt's Jump Into Bitcoin As A Treasury Strategy Distracts From Liquidity Angst Bakkt signals pure-play crypto shift and launches stablecoin payments following $75M capital raise Bakkt Holdings GAAP EPS of -$2.16, revenue of $577.88M