Bitcoin Drops Below $117,000, As Altcoins Gears Up For A September Rally
Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
The SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
Citigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
Ethereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
Stripe is developing its own blockchain, called Tempo, to make payments faster and cheaper while staying compatible with Ethereum. The project is linked to recent crypto-related acquisitions and could help Stripe compete with major payment networks.
Blue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
Ethereum treasury firms are buying large amounts of ETH and now hold as much as the new U.S. spot ETFs. Unlike ETFs, these companies can earn staking rewards and use DeFi, making them more attractive to some investors.
Ethereum is capturing market attention once again, with analysts widely forecasting a major breakout that could send ETH soaring to the $5,000 level and beyond.
The US SEC clarified that certain liquid staking tokens are not securities, allowing these platforms to operate without registering their tokens. This decision opens the door for liquid staking tokens to be included in ETFs, boosting institutional interest in crypto assets.
BitMine quickly bought over 833,000 ETH in just over a month, becoming the largest company holder of Ethereum. The firm’s fast growth, investor backing, and a $1 billion stock buyback have pushed its market value up sharply.
A crypto investor lost $6.9 million after buying a cold wallet through Douyin that had already been tampered with. The private key was stolen before sale, letting scammers take the funds and launder them through a crypto mixer.
Satoshi Nakamoto created Bitcoin to sidestep centralised institutions and government control. But Coinbase’s sponsorship of a military parade has sparked debate: Is crypto abandoning its anti-establishment roots for mainstream acceptance?
Crypto scams are getting worse as criminals use AI deepfakes to trick people with fake videos and voices. In 2024 alone, these scams caused losses of $4.6 billion, with nearly 40% involving AI impersonations.
BSC has seen renewed sandwich attacks affecting 120,000+ DEX traders over two weeks. Still, volume remains steady as it leads in DEX activity and surpasses Solana in meme coin trading.
Metaplanet has reached 10,000 Bitcoin six months ahead of its target, becoming the ninth-largest public holder and surpassing Coinbase. It raised funds through zero-interest bonds and a record $5.4 billion equity programme, with plans to own 1% of all Bitcoin by 2027.
Trump Media has received SEC approval to raise $2.3 billion through share deals and convertible notes, with plans to use part of the funds to buy Bitcoin. The company aims to hold Bitcoin in its treasury, launch a Bitcoin ETF, and offer crypto-based services through Truth Social and a new streaming platform.
Bitget has partnered with UNICEF Luxembourg on a three-year initiative to boost blockchain literacy and STEM skills among girls in eight countries, empowering them to engage in the digital economy and shape the future of blockchain.
The Trump Organisation will launch Trump Mobile in August, selling US-made phones at $499 with service on major networks and perks like telehealth and free international calls. But is the president prioritising profit over governance?
PumpFun’s official X account was suspended just days before a planned token airdrop, with no clear reason given, though reports suggest it may relate to the use of unauthorised APIs and suspicious activity. The platform also faced criticism over alleged pump-and-dump behaviour, risky token tools, and unusual fund movements, fuelling concerns about transparency and compliance.
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