Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin Surpasses $121,000 with a 2.12% Increase in 24 Hours

Bitcoin has crossed the $121,000 benchmark and is now trading at $121,817, with a narrowed 2.12% increase in 24 hours.

Ethereum Surpasses $4,700 with a 2.44% Increase in 24 Hours

Ethereum has crossed the $4,700 benchmark and is now trading at $4,735, with a 2.44% increase in 24 hours.

Goldman Sachs Forecasts Two Fed Rate Cuts in 2026, Terminal Rate Seen at 3–3.25%

Goldman Sachs expects the U.S. Federal Reserve to cut interest rates twice in 2026, with each move reducing the federal funds rate by 25 basis points. This would bring the terminal interest rate to a range of 3.00%–3.25%.

The investment bank’s macro research team cited moderating inflation pressures and a slowing labor market as key drivers for additional easing, following cuts expected later in 2025.

Equities & Risk Assets: Lower borrowing costs could support U.S. equities, tech growth stocks, and high-risk assets like cryptocurrencies.

Crypto Firm Bullish Soars 84% in Debut After $1.1 Billion IPO

Bullish shares jumped 84% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.

Shares of the Cayman Islands-based company closed at $68 each on Wednesday in New York, nearly doubling its IPO price of $37 apiece. The offering was upsized earlier in the week to 30 million shares, and the price range was increased.

Fundstrat's Tom Lee, Standard Chartered See Ethereum Soaring

Fundstrat added Ethereum to its “Mag7 & Bitcoin” recommended investment strategies and called it the biggest macro trade over the next 10–15 years.

"The primary driver is that Wall Street is moving onto the blockchain, spurred by the GENIUS act (stablecoins) and by SEC’s project crypto (moving Wall Street onto the blockchain). The majority of stablecoins and Wall Street projects are being built on Ethereum," Tom Lee said.

Ethereum has been up 40.4% since the start of the year, outperforming Bitcoin's 27.7%.

GameSquare to Add Animecoin to Treasury, Named Agency of Record in $2.5M Deal

GameSquare to add Animecoin ($ANIME) to its digital treasury and become the agency of record under the $2.5 million revenue agreement.

The deal strengthens GameSquare's Web3 footprint, adds high-potential digital assets to its balance sheet, and positions the company to capture a share of a fast-growing, global market.

Cathie Wood Pounces On Peter Thiel-Backed Bullish Stock After Wild IPO Surge: Ark Buys Stock Worth $172.22 Million

Ark Invest made a substantial investment in Bullish, purchasing a total of 2,532,693 shares. This move comes in the wake of the Peter Thiel-backed cryptocurrency exchange’s impressive IPO debut, where the stock opened at $90.45 per share, significantly above its IPO price of $37.

The shares surged over 200% shortly after, leading to a trading halt due to volatility. At the end of the day, the stock finished at $68, rising 84% over 24 hours. It was seen trading 11.2% higher in the after-hours trading. Calculated on the basis of the closing price, Ark’s share purchase was valued at a whopping $172.22 million.

Bitcoin Spot ETF Flow

The overall net inflow of the US ETH spot ETF on Wednesday was $729.14 million. The total net asset value of ETH spot ETFs is $29.72 billion, and the ETF net asset ratio (market value compared to total ETH market value) is 5.22%.

The ETH spot ETF with the highest net inflow on Aug 13 was iShares Ethereum Trust ETF, with a net inflow of $500.85 million. Followed by Fidelity Ethereum Fund, with a net inflow of 154.69 million, according to SoSoValue.