News
13 Aug 2025, 10:00
Markets Today: OKB, FART Surge as Ether Races Toward Record Highs
The crypto market was a sea of green early Wednesday, with altcoins including OKB, PUMP, BNSOL, JITOSOL and SOL chalking out double-digit gains alongside ether's rapid surge toward record highs. "Bitcoin rose by a modest 0.4% during the day and remains 2% below the levels of 30 days ago — clear evidence of the market's switch to altcoin-mode," Alex Kuptsikevich, the chief market analyst at the FxPro said. "We suspect that investors are selling the first cryptocurrency to finance purchases of altcoins. And it is hardly reasonable to talk about a reversal in sentiment, given the rally in altcoins and the historic highs of the S&P 500 and Nikkei 225," he said. Derivatives Positioning Ether's (ETH) price rise is accompanied by fresh capital inflows into CME-listed futures, where open interest in standard contracts sized at 50 ETH has increased to 1.85 million ETH, up from 1.5 million ETH just over a week ago. Traders appear to be positioning for an upside as the annualized three-month basis has topped 10%. In bitcoin's (BTC) case, CME basis remains near 7.5%. The altcoin market shows no signs of overheating despite ether surging toward record highs. That's evident from perpetual funding rates on offshore exchanges, which remain pinned near annualized 10% for most major tokens. Open interest in privacy-focused Monero (XMR) rose to the highest level since December, as the token's price dropped to $245, the lowest since April. The data indicate that traders sold the rally to profit from the price drop. On Deribit, ether traders chased calls at strike $5,000 and higher in a sign of bullish market sentiment. ETH calls traded at a premium relative to puts across all tenors. Still, ether's 30-day implied volatility index, ETH DVOL, remained pinned in recent ranges around 70%. BTC's implied volatility also remained relatively steady. Flows on the OTC network Paradigm featured demand for higher-strike OTM calls, particularly the $ 160,000 strike. Token Talk OKB surged to a record $142 (+200%) after OKX announced a permanent supply cut to 21M tokens — one of the largest in its history — alongside a “PP upgrade” to its Polygon-powered X Layer chain. The upgrade boosts throughput to 5,000 TPS, cuts gas fees to near zero and adds gasless USDT withdrawals. OKX will also decommission OKTChain, halting OKT trading on Aug. 13 and converting balances to OKB from Aug. 15. Eden Network is shutting down all services, including Eden RPC and Bundles, citing unprofitable competition in the MEV relay and block-building space. Starting in 2021 to optimize MEV revenue for miners and validators, Eden saw early success but lost ground post-Merge as the market consolidated around a few operators. FARTCOIN rose 17% as whale wallets with $1M+ in holdings increased supply by 2% over 24 hours, while “smart money” addresses boosted holdings by 3%. MACD momentum on the daily chart is bullish, with the token eyeing a breakout above $1.74 if buying persists. Key support sits at $0.74 if momentum fades.
13 Aug 2025, 09:57
Global interest in buying Ethereum spikes 1,900%
As Ethereum’s ( ETH ) price tears past major resistance levels, global interest in purchasing the asset has surged over the past month, jumping nearly 20-fold. On July 13, search interest stood at just 5 on Google’s scale of 0 to 100. By August 13, it is projected to hit 100, the highest level in at least a year, marking a 1,900% increase, according to Google Trends data retrieved by Finbold. Geographically, the United Arab Emirates recorded the highest interest with a score of 100, followed by New Zealand (92), India (62), Australia (42), and the United States (38). Global interest in buying Ethereum. Source: Google Trends It’s worth noting that search interest does not directly translate to buying activity. However, such spikes in online attention often precede periods of heightened market volatility. If the trend continues, Ethereum could face increased upward pressure, potentially testing key resistance levels in the near term. ETH price analysis This surge comes after Ethereum rallied past the $4,600 mark. As of press time, ETH traded at $4,618, up over 6% in the past 24 hours. On the weekly chart, the asset has gained 27%. ETH one-week stock price chart. Source: Finbold Additionally, technical setups suggest Ethereum could extend this momentum. Specifically, analysis by Gert van Lagen, shared in an X post on August 13, indicated that the second-largest cryptocurrency by market capitalization has broken out of a four-year inverse Head and Shoulders pattern, potentially paving the way for a rally toward $22,000. Ethereum price analysis chart. Source: TradingView According to the analyst, Ethereum is on track to complete its 2019–2025 bull market cycle with a textbook Expanding Diagonal formation. This bullish structure signals sustained upside potential if the pattern continues as expected. At the same time, for sustained momentum, Ethereum will likely require continued inflows from institutional investors through exchange-traded funds ( ETFs ). In this regard, Coinglass data retrieved by Finbold on August 13 shows that Ethereum spot ETFs recorded $523.9 million in net inflows on August 12, led by BlackRock’s ETHA with $318.7 million and Fidelity’s FETH with $144.9 million. Grayscale’s ETH and ETHE products added $44.3 million and $9.3 million, respectively, while other issuers posted smaller gains. The previous day saw an even larger $1.02 billion inflow. Spot ETH ETF inflow. Source: Coinglass If these inflows persist and the $4,500 support level holds, Ethereum could be on track to target the $5,000 mark. Featured image via Shutterstock The post Global interest in buying Ethereum spikes 1,900% appeared first on Finbold .
13 Aug 2025, 09:53
BitMine Immersion Technologies Plans Significant Ethereum Accumulation Amid Concerns Over Leverage
BitMine Immersion Technologies is expanding its equity program to $24.5 billion, aiming to build a treasury that controls up to 5% of Ethereum circulation. This move indicates increasing institutional interest
13 Aug 2025, 09:53
JUST IN! Binance Announces Two New Altcoins Listed, Prices Rise Sharply!
Binance, the world's largest cryptocurrency exchange, continues its altcoin listings. At this point, Binance announced that it will list two altcoins, OlaXBT (AIO) and Codatta (XNY), in the futures with 50x leverage. “To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will be launching the following perpetual contracts: 13.08.2025 at 11:30 (UTC): AIO/USDT Perpetual Contract with up to 50x leverage August 13, 2025, 11:45 AM (UTC): XNY/USDT Perpetual Contract with up to 50x leverage Following the news, AIO and XNY prices rose. *This is not investment advice. Continue Reading: JUST IN! Binance Announces Two New Altcoins Listed, Prices Rise Sharply!
13 Aug 2025, 09:52
Grayscale registers Cardano and Hedera trusts in Delaware as part of ETF expansion strategy
Grayscale has taken a key step in broadening its crypto investment portfolio by registering the Grayscale Cardano (ADA) Trust ETF and the Grayscale Hedera (HBAR) Trust ETF in Delaware. The filings, made on Tuesday, officially establish both as statutory trusts, with CSC Delaware Trust Company acting as the registered agent in Wilmington. The move signals Grayscale’s intent to expand beyond its existing Bitcoin and Ethereum offerings, positioning Cardano and Hedera within its product range. While this registration is a crucial legal step, it does not ensure US Securities and Exchange Commission (SEC) approval for the ETFs, but it sets the stage for potential filings at the federal level. Delaware registration sets groundwork for ETF listings The ADA and HBAR trusts’ registration in Delaware formally creates the legal entities needed for possible ETF products. Delaware is a preferred jurisdiction for many financial entities due to its established corporate laws and streamlined trust structures. This process allows Grayscale to prepare for the next stages, including meeting SEC requirements for market surveillance, custody, valuation transparency, and investor protection. While Delaware registration is mandatory for operational readiness, it does not equate to regulatory approval. Instead, it functions as the initial step before submitting federal documentation such as the S-1 or 19b-4 forms that are required for ETF listings on US exchanges. These filings are often followed by detailed reviews, during which the SEC evaluates compliance with investor protection and trading integrity standards. SEC review timelines for other Grayscale ETF applications Grayscale’s expansion into Cardano and Hedera follows a series of applications for other cryptocurrency ETFs, including Dogecoin, Solana, and XRP. These filings have faced repeated delays from the SEC, reflecting ongoing scrutiny of crypto-based exchange-traded products in the US market. The regulatory body has extended the deadline for a decision on the XRP ETF to 18 October 2025, while the Solana ETF decision has been pushed back to November 2025. These delays underscore the cautious approach the SEC is taking toward approving new crypto ETFs, even as investor interest grows. In addition to these high-profile applications, the firm continues to explore opportunities for adding further altcoin-based products, aiming to stay ahead in an increasingly competitive ETF landscape. Market positioning beyond Bitcoin and Ethereum By moving to register ADA and HBAR trusts, Grayscale is diversifying its product portfolio to cater to broader investor demand in the cryptocurrency market. Cardano is known for its proof-of-stake blockchain with a focus on scalability and sustainability, while Hedera offers a decentralised public network using hashgraph technology for faster and more secure transactions. The registrations come amid increasing competition among asset managers to offer a wider range of crypto investment vehicles, as institutional and retail investors look beyond the two dominant cryptocurrencies. This could potentially attract a wider investor base once regulatory approvals are secured, although the exact timeline for ETF launches remains uncertain. The post Grayscale registers Cardano and Hedera trusts in Delaware as part of ETF expansion strategy appeared first on Invezz
13 Aug 2025, 09:52
Ethereum eyes major scalability boost, will this new coin ride ETH’s bull run?
Ethereum (ETH)’s upcoming scalability upgrades are about to make the network faster, cheaper, and more efficient—exactly what traders, builders, and investors have been waiting for. As transaction capacity grows, liquidity and lending activity across Layer-2 DeFi protocols are expected to accelerate sharply. One project positioning itself right in the middle of this wave is Mutuum Finance (MUTM) , a presale-stage lending and borrowing protocol designed to capture the rising demand for on-chain credit markets. For ETH holders looking to earn yield without giving up their upside, this combination of Ethereum (ETH) expansion and Mutuum’s product model is proving hard to ignore. What is Mutuum Finance (MUTM) Mutuum Finance (MUTM) is building to operate with two complementary lending structures: peer-to-contract (P2C) pools for blue-chip assets and peer-to-peer (P2P) deals for higher-risk collateral. These systems are built to handle the kind of transaction growth that Ethereum (ETH)’s upgrades will soon enable. Imagine a lender who wants to put their ETH to work without selling it. By depositing 4 ETH—worth $12,400—into a P2C pool yielding 18.5% APY, they lock in $2,294 per year in earnings. The system will automatically issue mtETH in 1:1 to represent their deposit, which can itself be used as collateral elsewhere within the Mutuum ecosystem. This design lets ETH holders stack yield while keeping full exposure to ETH’s price appreciation, turning a passive asset into an income-producing position. On the other end of the spectrum, Mutuum’s P2P market attracts a different type of deal flow, offering a full negotiation scenario. Suppose a borrower uses $8,000 worth of PEPE—one of the most recognizable meme coins—as collateral. They agree on a 50% loan-to-value ratio and take out a short-term $4,000 USDT loan at a 20% APR. For the lender, this means an interest income of $800 annually on a relatively small loan, with the higher rate compensating for the volatility risk of meme coin collateral. In a market where ETH scaling makes transaction fees negligible, these smaller, more diverse lending arrangements become much more viable, unlocking a broader set of earning opportunities. The presale drawing Ethereum (ETH)’s attention While ETH’s scalability story is grabbing headlines, Mutuum Finance (MUTM) is quietly building momentum of its own. The project is now in Phase 6 of its presale at $0.035 per MUTM, having raised $14.30 million with 15% of the total supply already committed. Security has been front-loaded into the development process, with a CertiK audit returning a Token Scan score of 95 and a Skynet score of 78, initiated in February 2025 and revised in May 2025. A $50,000 USDT Bug Bounty program is live, offering up to $2,000 for critical discoveries, alongside a $100,000 giveaway for ten winners. These moves, combined with a fast-growing 12,000-member Twitter following, are pulling in both ETH whales and smaller investors who want exposure before the next price step. Consider one early investor’s position: a $1,500 AVAX swap during Phase 1 at $0.010 per token. At today’s $0.035 price, that same stake is already worth $4,772, an increase that only grows more compelling when projecting to the $0.06 listing price. That would bring the position to $8,182—over 5X the initial investment. With Ethereum (ETH)’s upgrade cycle expected to boost DeFi transaction volumes across the board, the demand for lending protocols like Mutuum Finance (MUTM) is set to rise in tandem, feeding directly into token utility and market activity. Riding the scalability wave Ethereum (ETH)’s scaling improvements are not just a technical milestone—they represent a fresh liquidity injection into every Layer-2 and DeFi service built on top of it. Lower costs and higher speeds mean more users, more borrowing, more lending, and more transaction fees flowing through these ecosystems. For Mutuum Finance (MUTM), it’s the perfect growth environment: a scalable platform being designed for a scalable network. Its dual-lending model will cater to both conservative ETH stakers and adventurous traders chasing high returns with volatile collateral. The ability to earn yield while maintaining exposure to the underlying asset’s price performance is exactly what sophisticated ETH holders will be looking for when the network’s capacity expands. The window for entry at $0.035 will close as the presale advances to Phase 7 at $0.040. Once that shift happens, every new buyer will be paying more for the same allocation. For those aiming to align their DeFi exposure with Ethereum (ETH)’s next growth phase, the message is clear: the scalability wave is coming, and Mutuum Finance (MUTM) is positioned to ride it hard. Early participants will not just be betting on a token—they will be tying their upside directly to the next major chapter in Ethereum (ETH)’s history. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post Ethereum eyes major scalability boost, will this new coin ride ETH’s bull run? appeared first on Invezz
