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13 Aug 2025, 10:41
OKX token hits ATH after 65M OKB burn and supply cap plans
The cumulative crypto market printed green indexes all around as Ethereum led the bullish sentiments for altcoins. Amid this, OKX’s native token, OKB, literally blasted by more than 173% over the past 24 hours to hit its new all-time high (ATH), while other top exchange-based tokens watched it pump. The massive surge comes in as OKX is rolling out one of its strategic upgrades to its zkEVM-based public chain, X Layer, and a decisive shift in tokenomics. It includes the permanent burn of a staggering 65.26 million OKB from historical buybacks and reserves. However, it would also fix the total supply at 21 million. OKB tops CEX token gains According to the announcement, OKTChain will be phased out with all OKT automatically converted to OKB based on a month-long average closing price between July 13 and August 12, 2025. The update led the way to a brief rally for the OKB price to hit over $139 before retracting to around $106. OKB is trading at an average price of $110.7 at press time. Its 24-hour trading volume spiked by 15,812% to hit $842 million. OKB is among the top 5 biggest CEX tokens. It holds the market cap of over $6.5 billion. Source: CoinMarketCap. Wednesday morning turned out to be good for all the top exchange-based tokens. Binance’s BNB price jumped by 6% to trade around $853. Its 24 hour trading volume is up 22% to stand at $3.27 billion. It is the biggest CEX-based crypto and holds a market cap of $118 billion. UNUS SED LEO (LEO), the second-largest token in the category, also remained up by 3%, depicting positive sentiment among investors. LEO is trading at an average price of $9.24 at press time. OKX aims at DeFi, payments, RWA OKX mentioned that since launching X Layer in 2023 with Polygon, it has steadily built up speed, scale, and developer adoption. Now, it’s doubling down on its goal to make X Layer a prime destination for DeFi, payments, and real-world asset applications. The chain has fully integrated Polygon’s latest CDK upgrade, boosting throughput to 5,000 TPS. This slashes gas fees to near zero, and tightens security while staying Ethereum-compatible. OKX Wallet, Exchange, and Pay will all natively run on X Layer. Source: OKX’s announcement . From August 13, OKT trading will be halted, and withdrawals of OKB to Ethereum L1 will stop by the same afternoon. By August 15, OKT will be automatically swapped to OKB on user accounts, followed by the mega-burn event that locks OKB’s supply forever. The final step comes on August 18, when the OKB smart contract will be upgraded to eliminate minting and burning functions. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
13 Aug 2025, 10:40
USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX
BitcoinWorld USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX A recent alert from Whale Alert has captured the attention of the crypto world: a staggering 300,000,000 USDT transfer from Aave to HTX. This monumental movement, valued at approximately $300 million, immediately raises questions about its implications for both platforms and the broader cryptocurrency market. Such a significant whale transaction is always worth exploring. What Does This Massive USDT Transfer Signify? When a sum of this magnitude changes hands, it’s rarely a casual event. A USDT transfer of 300 million dollars suggests strategic intent. This isn’t just someone moving pocket change; it’s a major player making a calculated move within the digital asset landscape. Significant Liquidity Shift: Moving such a large amount of stablecoin can impact liquidity pools on decentralized finance (DeFi) platforms like Aave. Exchange Activity: The arrival of this capital on HTX could signal upcoming trading activity, potential over-the-counter (OTC) deals, or preparations for major market events. Market Sentiment Indicator: Large transfers can sometimes be interpreted as a sign of confidence or a precursor to market volatility, influencing overall cryptocurrency sentiment. Unpacking the Role of Aave and HTX in This Cryptocurrency Move Understanding the entities involved helps us grasp the context of this whale transaction . Aave is a leading decentralized lending and borrowing protocol, allowing users to earn interest on deposits and borrow assets. HTX, formerly Huobi, is a centralized cryptocurrency exchange offering a wide range of trading services. The transfer from Aave suggests that funds previously locked in or utilized within the DeFi ecosystem are now being moved to a centralized exchange. This could be for various reasons, including: Preparing for large-scale trading or arbitrage opportunities. Consolidating funds for a specific investment or withdrawal. Responding to market conditions or perceived risks in DeFi. Potential Reasons Behind This Significant USDT Movement Why would a whale move such a substantial amount of USDT ? While the exact motive remains unknown, several possibilities exist within the dynamic cryptocurrency space: One common reason for a large USDT transfer to an exchange is to increase liquidity for major trading operations. A whale might be preparing to buy or sell a large amount of another asset, and bringing stablecoins to an exchange ensures they have the necessary capital readily available. Moreover, this could be part of a broader strategy to rebalance portfolios or take profits from DeFi yields. Another scenario involves over-the-counter (OTC) deals. Whales often prefer to execute large trades directly with institutions or other whales to avoid impacting market prices on public exchanges. Moving funds to a centralized exchange might facilitate such a private transaction. What are the Broader Implications for the Cryptocurrency Market? Every significant whale transaction sends ripples through the market. While a USDT transfer itself doesn’t directly affect the price of other cryptocurrencies, the sheer size of this move from Aave to HTX indicates a major player is active. It prompts observers to consider the potential downstream effects. This movement highlights the continuous interplay between DeFi protocols and centralized exchanges. It reminds us that large capital holders are constantly optimizing their strategies, moving funds to where they perceive the best opportunities or safest harbors lie. Monitoring such transfers is crucial for understanding liquidity flows and potential market shifts within the evolving cryptocurrency ecosystem. In conclusion, the 300,000,000 USDT transfer from Aave to HTX is a prime example of how large capital movements can signal important underlying strategies in the crypto world. While the specific reasons behind this colossal USDT transfer remain speculative, its occurrence underscores the active and strategic nature of major participants in the digital asset space. Keeping an eye on these significant shifts provides valuable insights into the broader trends shaping the future of cryptocurrency . Frequently Asked Questions (FAQs) What is USDT? USDT, or Tether, is the largest stablecoin by market capitalization. It is pegged to the US dollar, meaning its value is intended to remain stable at $1, making it a crucial asset for traders seeking to mitigate volatility in the cryptocurrency market. What is Aave? Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow various cryptocurrencies without intermediaries. It operates on blockchain technology, enabling peer-to-peer financial services. What is HTX? HTX, previously known as Huobi, is one of the world’s leading centralized cryptocurrency exchanges. It provides a platform for trading a wide array of digital assets, spot trading, futures, and other crypto-related services. Why are large USDT transfers significant? Large USDT transfers , especially those considered a whale transaction , are significant because they often indicate major strategic moves by large investors or institutions. They can precede significant trading activity, signal changes in market sentiment, or reflect shifts in liquidity between different parts of the cryptocurrency ecosystem. Does this transfer affect the price of USDT? No, a USDT transfer of this nature does not directly affect the price of USDT itself. As a stablecoin, its value is pegged to the US dollar. However, such large movements can impact the liquidity available on the platforms involved and potentially influence the trading behavior of other cryptocurrencies. Did you find this analysis of the USDT transfer insightful? Share this article on your social media to help others understand the fascinating world of cryptocurrency and the impact of major whale movements! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency institutional adoption. This post USDT Transfer: Massive $300M Whale Transaction Rocks Aave and HTX first appeared on BitcoinWorld and is written by Editorial Team
13 Aug 2025, 10:39
Massive bull run signals flash for Dogecoin, Bonk and this explosive new contender
The memecoin market is waking up again, with Dogecoin holding a key level and Bonk coin making fresh moves on Solana. Analysts are flagging bullish setups for both, but another project is drawing attention for very different reasons. Remittix (RTX) — a small-cap Ethereum-based PayFi platform — is building real-world payment rails with a dated product launch, and its next milestone could be a game-changer. Dogecoin: Bulls eye the next leg up Live data shows Dogecoin trading near $0.23 with a market cap above $34B, keeping it firmly in the top 10. For many traders, the focus is on whether DOGE can hold above the $0.25 mark, a level analysts see as a launchpad for the next run. A recent analyst update suggested that reclaiming and sustaining $0.25 could pave the way for a push into the $0.30–$0.35 range in the coming weeks. The community-driven nature of Dogecoin has always been a key driver of momentum, but this cycle, traders are also paying attention to macro market flows and Bitcoin’s strength. If overall sentiment stays bullish, DOGE could quickly find itself challenging higher levels. Bonk coin: Solana’s meme token standout Bonk coin is making waves again, riding on Solana’s growing on-chain activity. Trading at around $0.000025, BONK has seen a strong uptick in volume as developer activity and ecosystem growth continue to expand. Analysts highlight resistance zones near $0.00005, with upside potential if Solana maintains its current pace of adoption. As one of the more prominent meme coins outside of Ethereum’s ecosystem, Bonk’s appeal comes from its grassroots origin and active community. While speculative by nature, its link to Solana’s success gives it a fundamental tailwind that many other meme tokens lack. Remittix (RTX): The utility-driven contender While Dogecoin and Bonk coin thrive on community hype, Remittix is built with a different goal —delivering low-cost, cross-chain crypto-to-bank payments. Priced at $0.0922, RTX supports over 40 cryptocurrencies and 30 fiat currencies, targeting freelancers, businesses, and global remittance markets. Its wallet beta is scheduled for September 15, 2025, launching with Ethereum and Solana integration. This milestone provides investors with a clear timeline and tangible progress, a rare trait in the small-cap space. Key reasons Remittix is gaining traction: Wallet beta launch on September 15, 2025 Cross-chain payments with ETH + SOL support at launch Direct crypto-to-bank payouts in 30+ countries Over $19.1M raised, 594M tokens sold at $0.0922 Low-fee design for real-world use cases Adding to the buzz, Remittix will reveal the name of its first CEX listing when the presale hits $20M — a catalyst likely to attract new investors and boost liquidity. Three paths, one bullish backdrop Dogecoin’s next move hinges on holding $0.25 and breaking into the $0.30 range, Bonk coin’s rally potential is tied to Solana’s momentum, and Remittix offers a utility-first alternative with a clear product roadmap. In a bull market that’s rewarding both hype and delivery, RTX’s mix of real-world use and near-term catalysts could make it one of the most interesting underdog stories to watch in 2025. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post Massive bull run signals flash for Dogecoin, Bonk and this explosive new contender appeared first on Invezz
13 Aug 2025, 10:38
No Major XRP Price Rally Despite SEC Settlement. Here’s why
The prolonged legal dispute between Ripple and the United States Securities and Exchange Commission (SEC) came to a close last week, ending years of speculation over whether XRP should be legally treated as a security. The resolution was anticipated by many in the cryptocurrency sector to remove a major source of uncertainty for both the company and the market. The conclusion of the case brought a degree of legal clarity, but market performance suggests that the outcome has not yet translated into stronger price momentum. This has led analysts and traders to question the extent to which regulatory events directly influence asset valuations in the short term. Market Caution Despite Regulatory Shift In public statements following the settlement, SEC Chair Paul Atkins and Commissioner Hester Peirce indicated that the agency intends to work on creating “clear rules of the road” for digital assets. Ripple’s chief legal officer, Stuart Alderoty, expressed approval of this direction in a post on X, signaling optimism about a shift from enforcement-driven approaches to the establishment of comprehensive policy guidelines. Industry advocates have consistently called for such measures, noting that the absence of consistent regulation has been a barrier to broader institutional adoption . Yet despite these developments, the muted price action indicates that traders may be waiting to see how the SEC’s intentions will be translated into actionable rules before increasing their positions. Profit-Taking and Short-Term Trading Behaviour XRP initially saw a price increase immediately after the settlement was announced, but this movement was quickly reversed. Analysts suggest that a “buy the rumour, sell the news” dynamic may have been at play, where traders positioned for a positive outcome before the official announcement and then sold once it materialized. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This kind of short-term trading strategy is common in cryptocurrency markets and can lead to immediate post-event declines, even after objectively favorable news. The present downturn also suggests that many participants remain cautious, choosing to maintain lower exposure until there is certainty regarding future SEC policy. Ripple CTO Marks the Moment While the market response was subdued, Ripple’s chief technology officer, David Schwartz, acknowledged the end of the legal process on X by posting a GIF from the Monty Python “Salad Days” sketch. In the clip, a character remarks, “What a simply super day” before a chaotic sequence begins. The timing of the post came just days after the SEC concluded its case against Ripple, a legal battle that had dominated discussions around XRP for years. As the legal challenges are resolved, regulatory changes continue. XRP’s short-term trajectory appears tied to both profit-taking behavior and the broader policy environment. Until the SEC provides concrete guidance, market sentiment may continue to reflect caution rather than sustained buying pressure. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post No Major XRP Price Rally Despite SEC Settlement. Here’s why appeared first on Times Tabloid .
13 Aug 2025, 10:38
Ethereum’s Rise Fuels 40% Surge in NFT Market Cap, Now Exceeding $9.3 Billion
The NFT market cap has surged to over $9.3 billion, reflecting a 40% increase since July, driven by rising Ethereum prices, which recently topped $4,600. NFT market cap growth is
13 Aug 2025, 10:36
Will Solana (SOL) Surpass Ethereum (ETH)? Price and Market Analysis
Besides Bitcoin, Ethereum has been the major driving force in crypto over the last three months or so. However, Solana (SOL) has just woken up and looks as though it might start outperforming $ETH. Is $SOL about to embark on its own bull run? $SOL breaks out but faces $200 major resistance Source: TradingView Already up more than 5% on Wednesday so far, the $SOL price has broken out of a big downtrend. Initially, $SOL broke up through a descending trendline that stretched from January. A retrace then occurred, and now $SOL has broken out again. There is a major resistance at $200, so if this can be broken the resistance at $252 could be next. $SOL explosive move awaits Source: TradingView Zooming out into the 2-week time frame it can be seen that things are looking extremely bullish for $SOL . As already mentioned, in the price action it can be noted that a break of the current resistance would probably lead to an ascent to the last major resistance at $252. At the bottom of the chart, the Relative Strength Index (RSI) tells the big story. The indicator line is poking through a descending trendline that goes all the way back to March 2024. If this is indeed broken, the price action for $SOL could be explosive to the upside. SOL/ETH about to turn back in favour of $SOL? Source: TradingView The daily chart for SOL/ETH has looked quite ugly for $SOL over recent months. It can be seen that SOL/ETH broke down out of a long-time ascending channel and entered a descending wedge pattern. It might be that finally $SOL could be about to turn the downtrend around. SOL/ETH sees perfect bounce from 0.618 Fibonacci level Source: TradingView The weekly chart puts things very much into perspective. If $SOL is going to turn things around against $ETH it really looks like it will begin here. The Fibonacci retracement levels have the price bouncing perfectly from the 0.618, which also happens to be the bottom trendline of the falling wedge. Also, if one looks at the Stochastic RSI at the bottom of the chart, it can be seen that the indicator lines are at the bottom and ripe and ready to start their ascent. The Solana network is faster, cheaper, has more network activity, and more users than Ethereum, and this is by many multiples. At less than ⅕ the market cap of Ethereum, this is not a state of affairs that is likely to continue. $SOL should be by far the fastest horse in this race. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
