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Crypto News

Bitcoin Drops Below $110K Amid Macro Pressures

The crypto market is showing bearish signals today as the entire crypto market cap is down over 4%. Bitcoin slipped below the $110K mark, triggering nearly $940 million in liquidations in the past 24 hours, out of which $800 million are long positions.

Ethereum is also losing momentum after weeks of outperformance. Market fragility is being amplified by heavy ETF outflows, collapsing transaction fees, and thin liquidity, even as sovereign and institutional players quietly accumulate exposure.

Stock Exchange Group Urges Regulators to Tighten Tokenized Stocks Oversight: Report

World Federation of Exchanges (WFE), a group of stock exchanges, has called global regulators, including the US SEC and the European ESMA, to tighten their oversight on ‘tokenized stocks.’

Per Reuters, the WFE sent a letter to securities watchdogs, raising concerns about the blockchain-based stocks. The letter, sent last Friday, warned that these products “mimic” equities without offering shareholder rights or market trading safeguards.

Tokenized equities represent ownership in a company or asset through digital tokens on a blockchain. However, investors do not become shareholders in the company.

Frustration Grows as S Korea’s Stablecoin Legislation ‘Slows to Standstill’

Crypto advocates, IT experts, and media outlets are concerned that lawmakers’ deliberations on South Korea’s stablecoin legislation have “slowed to a standstill.”

The South Korean newspaper Busan Ilbo reported that all four stablecoin-related draft laws submitted to the National Assembly in recent months are currently stuck in the committee stage.

The outlet noted that the parties cannot agree on the question of whether they should let fintech and IT firms issue coins. More conservative voices at the BOK and in the government want to restrict issuance to domestic commercial banks.

BitMine Adds 190,500 ETH — $2.2B Weekly Haul Makes It No. 1 Ethereum Treasury

BitMine Immersion has cemented its place as the world’s largest Ethereum corporate treasury after announcing another massive purchase of Ether.

The Delaware-based firm disclosed late Sunday that its total crypto and cash holdings have swelled to $8.82 billion, following a $2.2 billion accumulation in just the past week.

The milestone reflects the company’s aggressive accumulation strategy launched in late June, which has rapidly transformed BitMine into a central player in the Ethereum ecosystem.

Bitcoin Cynic Peter Schiff Warns BTC Could Sink to $75K, Below MicroStrategy’s Average Buy-In

Economist Peter Schiff cautioned that Bitcoin’s recent decline below $109,000, down 13% from its two-week high, could deepen further. In a post on X, Schiff said market hype and corporate accumulation have failed to prevent weakness, predicting a potential slide to $75,000, just under MicroStrategy’s average purchase price.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $219 million. The total net asset value of Bitcoin spot ETFs is $143.65 billion.

The Bitcoin spot ETF with the highest net inflow on August 25 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $65.56 million.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Monday was $443.91 million. The total net asset value of Ethereum spot ETFs is $28.84 billion.

The Ethereum spot ETF with the highest net inflow on August 25 was iShares Ethereum Trust ETF, with a net inflow of $314.89 million.