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Bitcoin price missed the $120,000 breakout target while Ethereum approached all-time highs near $4,900, with market data revealing three key reasons for BTC’s underwhelming performance.
Philippine lawmakers introduced new legislation to establish the National Bitcoin Reserve, with an aim to boost financial stability and match global trends.
OKB, the token of OKX, spiked 30% on Aug. 21 to $220 amid XRP airdrop buzz and surging derivatives activity, even as Bitcoin and Ethereum posted losses. Open interest jumped 119%, signaling strong bullish momentum, though RSI readings above 93 suggest a pullback could follow.
Coinbase announced the addition of World Liberty Financial USD (USD1) to its roadmap, joining other ERC-20, Base, and Solana tokens under consideration for potential listing.
China is weighing approval of yuan-backed stablecoins to expand global currency influence, aiming to counter the dominance of US dollar tokens.
Federal Judge Jennifer Rochon lifted the freeze on LIBRA creator Hayden Davis’s crypto assets, permitting monthly transfers of tokens worth millions while he faces ongoing legal challenges in Argentina.
Tron Network announces strategic MetaMask partnership enabling direct TRX integration into the world’s leading crypto wallet. Despite broader market declines, TRX maintains resilience around $0.35 support levels.
SHIB falls to 13-day low of $0.000012 amid broader Ethereum ecosystem weakness. The memecoin’s burn rate crashed 98.89% while trading volumes dropped 50% from recent peaks.
Sharplink Gaming purchased 143,593 ETH for $667.2 million, becoming Ethereum’s second-largest corporate holder with 740,760 ETH total treasury worth $3.1 billion.
BitMine Immersion Technologies announced $6.612 billion in crypto holdings, making it the world’s largest Ethereum treasury. The disclosure includes 1.52 million ETH and positions the company as a major institutional crypto player.