Category: Analysis

Chainlink (LINK) Leads Crypto Top Gainers After Setting $93B DeFi Record

Key Notes Strategic ICE partnership provides 2,000+ apps access to institutional-grade FX and precious metals data feeds globally. Total Value Secured reached a new all-time high of $93 billion across hundreds of DeFi protocols worldwide. Derivatives activity spiked with 33% volume increase to $3.8B and record $1.4B Open Interest on Tuesday. Chainlink LINK $23.47 24h volatility: 11.2% Market cap: $15.92 B Vol. 24h: $2.17 B price surged 10.5% on Tuesday, Aug 12, outpacing all top-20 cryptocurrencies. LINK traded as high as $24.2, its strongest level since February. The LINK price…

BitMine Files to Raise Ethereum Purchase Plan to $24.5 Billion: Will ETH Price Rally Hit $5K?

Key Notes BitMine increased its equity program from $5B to $24.5B, representing a five-fold expansion for Ethereum purchases. Technical analysis shows ETH breaking above $4,500 for the first time since 2021 with bullish momentum indicators. The firm currently holds over 1 million ETH worth $5B, making it the largest corporate Ethereum holder globally. Ethereum BTC $120 162 24h volatility: 1.2% Market cap: $2.39 T Vol. 24h: $46.62 B price traded as high as $4,515 on Binance on Tuesday, Aug. 12, rising 6.31% in its largest single-day gain since July 10.…

Grayscale Debuts DeepBook, Walrus Trusts: Token Prices Rally

Key Notes Grayscale launches DeepBook and Walrus trusts linked to key Sui blockchain protocols. WAL and DEEP tokens saw increased trading activity and price volatility following the launch. Institutional investors gain new avenues for exposure to Sui DeFi and data infrastructure. Grayscale, recognized as one of the largest digital asset-focused investment managers, launched on August 12 two new single-asset trusts providing direct exposure to the DEEP and WAL tokens linked to foundational protocols within the Sui blockchain network. According to the announcement, the Grayscale DeepBook Trust and Grayscale Walrus Trust…

Solana Price Charges Towards $200 as SOL Treasury Investor Appoints Arthur Hayes

Key Notes BitMEX co-founder Arthur Hayes joins Upexi’s Solana-focused advisory committee as first member to guide strategic expansion. Solana futures open interest climbed 1.97% to $10.18B while derivatives volume rose 5.46% amid fresh capital inflows. Technical analysis shows SOL testing $189 resistance with potential breakout toward $200 representing 7.18% upside gain. After an underwhelming performance on Monday, Solana BTC $119 667 24h volatility: 0.7% Market cap: $2.38 T Vol. 24h: $46.88 B price rose 7% on Tuesday, Aug. 12, to hit $185, its highest single-day gain since July 12. Solana’s…

Half Billion USDC Printed by Circle in 24 Hours Fuels Start of Altseason

Key Notes Four major USDC mint events totaling $588.42 million occurred between August 11-12, boosting market cap to $65.85 billion. Ethereum ETFs attracted $1.03 billion in net inflows compared to Bitcoin ETFs’ $189.72 million, indicating altcoin preference. Bitcoin dominance drops below 60% while total crypto market cap approaches $4 trillion with altcoins exceeding $1.6 trillion. Circle has minted over half a billion dollars in USDC in the last 24 hours as of this writing as the cryptocurrency market has turned green together with a new all-time high from the S&P…

Former Terraform Labs Boss Do Kwon Pleads Guilty to Conspiracy, Fraud Over $44B Crash

Key Notes Terra’s co-founder accepted responsibility for orchestrating a cryptocurrency fraud scheme between 2018 and 2022 affecting investors. Prosecutors recommend 12-year sentence plus $19 million fines, though judge may impose up to 25 years maximum penalty. Seven additional charges remain pending trial as Do Kwon awaits sentencing scheduled for December 2025. Do Kwon, the co-founder of Terraform Labs, has entered a plea of “guilty” on two counts related to the 2022 TerraUSD market collapse as part of a deal with US attorneys. The former businessman had previously pleaded “not guilty”…

Qubic Mining Sparks Monero Network Security Concerns

Key Notes Monero is experiencing signs of network instability, including multiple orphaned blocks and blockchain reorganizations linked to Qubic mining pool. The unusual mining patterns include silent mining, block reorganizations, and empty blocks, techniques that can be performed without full majority control of hashrate. A true 51% attack involves sustained control of over half the network’s power, allowing consistent censorship, double-spends, and extensive block reorgs, conditions not fully met yet. Monero XMR $252.5 24h volatility: 8.1% Market cap: $4.66 B Vol. 24h: $118.16 M , the privacy-centric cryptocurrency, is currently…

ARK Invest Buys 262K Block Inc Shares

Key Notes Cathie Wood-led firm ARK Invest has loaded up 262,463 shares of Jack Dorsey’s Block Inc. This comes after the XYZ share price dropped 15% from its weekly high of $85. The purchase is significant as it aligns with Block’s push for Bitcoin adoption. On August 11, Cathie Wood’s ARK Invest acquired 262,463 shares of Jack Dorsey’s Block Inc. (NYSE: XYZ). The shares were distributed across three of the asset management firm’s top funds. Interestingly, it coincides with Dorsey’s recent push towards Bitcoin BTC $119 586 24h volatility: 0.4%…

Circle Announces Arc, an Open Layer-1 Blockchain

Key Notes Circle unveils Arc, an EVM-compatible Layer-1 blockchain purpose-built for stablecoin finance. Arc will feature USDC as its native gas token, enabling direct payment of transaction fees in stablecoin. The network offers sub-second settlement, an integrated FX engine, and opt-in privacy controls. Circle, the issuer of the USDC stablecoin, has unveiled Arc, an open Layer-1 blockchain. The novel network will power the next generation of stablecoin-based payments, foreign exchange, and capital markets infrastructure. Fully compatible with the Ethereum Virtual Machine (EVM), Arc will use USDC as its native gas…

Shiba Inu Price Outlook for Altcoin Season

Key Notes Lucie believes that Shiba Inu price rally would significantly boost related ecosystem tokens like TREAT, BONE, and LEASH. Lead developer Kaal Dhairya described this correlation as a “halo effect” but emphasized that each token should succeed independently. Dhairya also addressed concerns over LEASH’s supply, confirming a 10% increase after 10,765 tokens were minted on August 11, 2025. Shiba Inu SHIB $0.000013 24h volatility: 0.5% Market cap: $7.89 B Vol. 24h: $232.39 M price has underperformed the broader crypto market, dropping 3% over the past month despite the altcoins…