Bitcoin Breaks $117K, Bulls Gain Momentum After Bear Liquidations 🐂

Bitcoin surged past the $117,000 mark, triggering significant liquidations of bearish positions and setting the stage for a potential push toward new all-time highs.

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🪙 Bitcoin OG Swaps $300M BTC for ETH, Sees $100M+ Unrealized Gains

A prominent Bitcoin investor deposited 300 BTC ($34.86M) into Hyperliquid to convert into ETH. They now hold 135,265 ETH ($581M) long at a $4,295 average entry, up $58M, and 122,226 ETH ($535M) spot at $4,377, up $42M.

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El Salvador has increased its holdings of 8 bitcoins in the past 7 days. Its current bitcoin holdings have reached 6,270.18, with a total value of US$737.7 million 🪙

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IRS crypto boss Trish Turner resigns just 3 months into the role

Trish Turner is resigning as head of the IRS crypto division after just months, following two private-sector executives who served about a year.

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US court grants brief stay in Coinbase lawsuit involving biometric data

The judge suggested that a brief stay while awaiting a ruling in a similar case in the appellate court could “reduce the burden of litigation.”

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Korean man arrested over $50M crypto-to-gold laundering scheme

Thai police have arrested a South Korean man accused of helping a call center gang launder over $50 million in crypto into gold.

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Spot Bitcoin ETFs surged to a record $134.6 billion in Q2. Institutions reported $33.6 billion in holdings via 13F filings

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🗞 August 23 2025 cryptocurrency news highlights

【Cryptocurrency】
Bitcoin Breaks $117K, Bulls Gain Momentum After Bear Liquidations 🐂

【Economy】
El Salvador has increased its holdings of 8 bitcoins in the past 7 days.

【More】
US court grants brief stay in Coinbase lawsuit involving biometric data

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Fidelity Bitcoin ETF (FBTC) Posts $50.9M Daily Net Flow — BTC Spot ETF Flows Data for Traders💰

Recent data shows strong institutional interest in Bitcoin, with Fidelity’s Bitcoin ETF seeing \$50.9 million in daily inflows on August 23, 2025. The surge in ETF investments signals bullish sentiment in the crypto market and could impact Bitcoin’s price direction while creating trading opportunities across pairs like BTC/USD and BTC/ETH.

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Dogecoin Price Holds $0.23 As DOGE Whales Bag 680M Tokens🐶

Dogecoin rose 14% in the past 24 hours to about \$0.24 on August 23, 2025, gaining 4% over the week but staying flat for the month. Analysts say strong buying from large holders—who accumulated over 680 million DOGE in August—has fueled the recent price surge despite retail selling.

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💰Bitcoin Hits 1.7% of Global Money Supply Amid Fed Rate Cut Signals

Bitcoin’s market cap reaches $2.4T, about 1.7% of global money supply, rising over 2% after Fed Chair Powell hinted at upcoming rate cuts. Lower interest rates boost Bitcoin’s appeal as a hedge, supporting its upward trend. Current price: $115,084.

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Ether ETFs Hit Record $7 Billion Trading Day While Bitcoin Outflows Continue 📤

Spot Ether ETFs saw a record $7 billion in trading volume, with $729 million in net inflows, marking their second-largest daily inflow ever. BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH at $154.7 million. In contrast, Bitcoin ETFs experienced continued outflows, totaling $616 million over two consecutive days. Ethereum’s price surged to $4,775, nearing its all-time high of $4,878. Analysts attribute the inflows to strong institutional demand and Ethereum’s network upgrades. The momentum is expected to continue as Ethereum approaches new price milestones.

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Japan is planning to impose a 20% unified tax on cryptocurrency transactions and promote the issuance of ETFs through tax law revision.🔥

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Three Major "Bankruptcy" Contract Whales Current Positions Overview, AguilaTrade 40x Long on Bitcoin‼️

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Fed's mouthpiece: Market focus shifts to whether the Fed will cut interest rates twice this year, with excessive inflation preventing aggressive easing.

Nick Timiraos, a renowned Wall Street Journal reporter and known as the "Fed's mouthpiece," published a new article titled "Powell's Rate Cut Signals a Delicate Economic Predicament." He argues that Fed Chairman Powell is cautiously paving the way for a rate cut next month, but is sending a subtle message to those hoping for aggressive easing: don't expect drastic action. With the market already pricing in a September rate cut, focus is shifting to whether the Fed will consider further rate cuts at its final two meetings of the year (October and December).

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WLFI Pre-market Price Down Over 45% for Nearly 20 Hours, Currently Trading at $0.238

According to HTX market data, the pre-market trading price of WLFI (World Liberty Financial) continues to decline, falling below $0.24, currently trading at $0.238, with a drop of over 45% in the past 20 hours.

According to Coinglass data, the total open interest of WLFI futures contracts is currently $1.93 billion, with a trading volume of $19.4 billion in the past 24 hours. The current aggregated long/short ratio across the network is 0.9474.

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A certain Bitcoin ancient whale has once again moved 6,000 BTC, used for rebalancing into ETH

According to LookIntoChain monitoring, a certain Bitcoin ancient whale once again transferred out 6,000 BTC (about $6.895 billion) to purchase ETH.

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「Smart Money Earns $5.16M Shorting BTC during LUNA/UST Crash」 Cleared ETH Position and Reduced WBTC Exposure 1 Hour Ago

According to on-chain analyst Ai Yi (@ ai_9684xtpa), the "Smart Money that Shorted BTC during LUNA/UST's Collapse and Earned $5.16 Million" liquidated ETH one hour ago and reduced WBTC exposure — selling 1363 ETH and 30 WBTC (approximately $9.79 million), realizing a profit of $1.093 million through this buy-low-sell-high strategy.

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🗞 August 24 2025 cryptocurrency news highlights

【Cryptocurrency】
Japan is planning to impose a 20% unified tax on cryptocurrency transactions and promote the issuance of ETFs through tax law revision.🔥

【Economy】
Fed's mouthpiece: Market focus shifts to whether the Fed will cut interest rates twice this year, with excessive inflation preventing aggressive easing.

【More】
「Smart Money Earns $5.16M Shorting BTC during LUNA/UST Crash」 Cleared ETH Position and Reduced WBTC Exposure 1 Hour Ago

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$2.2B in shorts will be liquidated when $ ETH hits $5000 💧

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