Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Navigating the crypto landscape can be challenging, especially for beginners.

However, the rise of artificial intelligence – now more mature after numerous trials and tribulations – has been a godsend for both novices and experienced traders alike.

Trading bots like Coinrule and 3Commas, for example, can execute orders instantly, free from the emotional decision-making that often trips up human traders.

Meanwhile, platforms like Incite AI can generate actionable insights by analyzing and interpreting data from multiple sources, including news publications, real-time exchange data, and social media buzz, giving you a clearer view of overall market direction.

To fully harness the power of AI and use it to strengthen your crypto portfolio, we asked Grok about the best cryptos to buy now.

Read on as we unpack AI’s role in crypto, how it’s outperforming human analysts, and Grok’s top investment picks.

Why AI’s Real-Time Insights Are a Game-Changer for Altcoin Picks

According to a recent report, AI is better at suggesting diversified portfolios to manage market volatility.

For example, AI tools recommended a mix of large-cap coins like Bitcoin and Ethereum, mid-cap cryptos such as Solana and Cardano, and stablecoins to avoid concentration risk.

The best part? This portfolio outperformed those not diversified by AI by a whopping 15%.

Similarly, crypto hedge funds that leverage AI analysis delivered an average return of 48% – 12-15% higher than traditional approaches.

Crypto markets are highly dynamic. By the time you make sense of one data set, another one appears. This is where quantitative models like multi-criteria decision-making (MCDM) prove invaluable.

AI models like Grok can analyze interconnected factors such as technological, financial, and geopolitical risks in the crypto markets in real time.

And speaking of Grok, it’s worth highlighting its direct integration with X, which gives it instant access to all the latest crypto-related updates, from tweets by prominent voices to company announcements and analyst chart posts.

This not only saves you a huge amount of legwork, but also provides access to highly niche data that would otherwise take days to surface manually.

Want in? Here are the 3 top altcoins Grok is watching right now.

1. Snorter Token ($SNORT) – New Telegram Trading Bot Swiping Meme Coin Liquidity

Snorter Token ($SNORT) is the official cryptocurrency of the Snorter Telegram trading bot, designed to simplify meme coin investing for small traders.

Until now, large institutions have typically swiped away all the liquidity in new meme coins using advanced algorithms and sophisticated tools.

The Snorter bot changes that by allowing you to place buy/sell limit and stop orders directly through its slick Telegram interface.

Next, it automatically executes those orders at lightning speed the moment liquidity becomes available in a token, putting you on par with whales.

One of the bot’s biggest strengths is its robust security infrastructure.

Buying $SNORT unlocks exclusive perks such as advanced market analysis, no daily sniping limits, and reduced trading fees – just 0.85% compared to 1.5% for non-holders.

Currently in presale, Snorter Token has already raised over $3.63M, with each token currently priced at $0.1031.

And according to our $SNORT price prediction, the token could surge to $0.94 in 2025 alone – delivering mind-melting gains of nearly 800%.

Visit Snorter Token’s official website for more information.

2. SUBBD Token ($SUBBD) – First-Ever Crypto Content Platform Offering Tons of AI Tools

SUBBD Token ($SUBBD) is the native token of the SUBBD platform, which aims to transform the $85B content creation industry.

Right now, mainstream platforms charge as much as 70% of creators’ revenues as platform fees, leaving them with almost nothing. SUBBD, on the other hand, takes only a fraction of earnings as fees.

Beyond fairer revenue sharing, the platform also adds utility by offering AI-powered tools, including video, text, image, and audio generators.

So, creators can spend less time managing content and more time engaging with their audiences to build meaningful connections.

Buying $SUBBD also brings a lot of benefits for viewers. You can unlock exclusive creator content, request custom content, and even tip your favorite creators using the token.

And, of course, the ROI potential is massive, too. According to our $SUBBD price prediction, a $100 investment today could grow to $500 by year’s end.

The $SUBBD presale has already raised $1.08M, with each token currently priced at just $0.056325.

Check out SUBBD Token’s official website for more information.

3. Ethereum ($ETH) – OG Cryptocurrency Drying up Exchange Reserves

Ethereum ($ETH) has been buzzing over the past few weeks. The token teased the $5K mark on August 24 and has been consolidating since then.

Overall, Ethereum has surged by more than 75% since the beginning of July, steadily building strong bullish momentum.

As per reports and on-chain data, several $BTC whales are now quietly building long positions in $ETH. For example, one crypto whale sold more than 2,000 $BTC and bought 886,371 $ETH worth over $4B.

Meanwhile, the World Liberty Financial token ($WLFI), a Trump-backed crypto investment company, is also set to make its exchange debut on Monday.

Interestingly, $ETH makes up more than 66% of WLFI’s total holdings, amounting to $328.20M.

Data from CryptoQuant shows that $ETH exchange reserves are dipping fast and are now at record lows.

This signals that institutions, whales, and even retailers are stacking up on $ETH, creating strong buying pressure and a bullish backdrop that could push Ethereum to new highs.

Ethereum looks promising on the technical front, too. It’s moving in a bullish channel with key resistance only around the $4,900 level.

Once $ETH crosses the psychological $5K threshold, experts believe we could see it soar to $7,500 or more by year-end.

Final Thoughts

Using AI for crypto analysis, trading, and portfolio building can be a game changer, as these models can identify potential multibaggers early in their life cycle, before the crowd catches on.

And this isn’t just speculation. We tested Grok hands-on, and it delivered a solid mix of low-cap and established tokens for a well-balanced portfolio.

Grok’s top 3 suggestions include Snorter Token ($SNORT), SUBBD Token ($SUBBD), and Ethereum ($ETH).

That said, investing in cryptocurrencies comes with inherent market risks. This isn’t financial advice, so always do your own research before investing any money.

Authored by Krishi Chowdhary, Bitcoinist — www.bitcoinist.com/best-crypto-to-buy-now-grok-how-ai-tools-deliver-better-returns

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Hong Kong – August 28, 2025 – BTC Inc., the organizer of the world’s largest Bitcoin Conference, today announced that Bitcoin Hong Kong 2026 will be held in Hong Kong from August 27-28, 2026.

The momentum continues after Bitcoin Asia 2025 saw more than 20,000 sales passes and built the success of Bitcoin Asia 2024. This year’s edition lineup includes notable speakers such as Eric Trump, CZ, Bellaj Srinivasan, Adam Buck, Bilal Bin Saqib and Xiao Feng.

“Bitcoin Hong Kong is where global adoption meets unstoppable innovation.” Justin Douchin, Global Event Director, BTC Inc. “Every year, conversations grow, energy grow and community strengthen. Hong Kong continues to be one of the most dynamic hubs of fintech innovation, and 2026 will set a new benchmark for what is possible.”

Start a 72-hour free GA pass

To celebrate the announcement, BTC Inc. is offering 72 hours a day of free general admission (GA) passes available from 8am on August 28, 2025, starting at 8am in Hong Kong time. The promotion will run until 8am on August 30th, 2025.

Following the 72-hour promotion, ticket prices will move to the following tier levels:

•GA Pass – $48

•Propass – $188

•Whale Pass – $1,888

About Bitcoin Conference

Hosted by BTC Media, the parent company of Bitcoin Magazine, Bitcoin Conference is a global event series featuring renowned industry speakers, workshops, exhibitions and entertainment. These events serve as an important platform for Bitcoin industry leaders, developers, investors and enthusiasts to collect, network and exchange ideas. The flagship event took place in Las Vegas in 2025. It has been announced that Bitcoin 2026 will be held in Las Vegas in April 2026. The international event will be jointly organised by Bitcoin Asia (Hong Kong, August 2025), Bitcoin Amsterdam (November 2025), Bitcoin Mena and ADNEC Group (Abu Dhabi, December 2025).

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Happy days are here again for Ethereum ($ETH) and its investors as the world’s second-largest cryptocurrency broke the $4,600 mark. This brings $ETH to a level unseen since late 2021.

Institutional investors and Ethereum ETFs have primarily driven the rally that began earlier this month.

This bullish sentiment will also have a positive impact on the wider market and top ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) as traders seek to diversify their investments.

Ethereum ETFs, Institutional Investments Drive $ETH Surge

Growing appetite for $ETH has driven its price since the beginning of August, resulting in a record number of inflows on Monday of over $1B, based on data from SoSo Value.

BlackRock has been one of the biggest winners so far, after its iShares Ethereum Trust ETF reportedly accounted for $640M of these inflows.

But investors aren’t done buying $ETH just yet. On Monday, SharpLink Gaming announced a raise of $400M to growing its $ETH holdings to over $3B.

Meanwhile, BitMine Immersion also expanded its Ethereum stash in a single week from 833,137 to its current holdings of over 1,150,263. This further extends the company’s lead as the biggest owner of $ETH and the third-biggest in DAT (total value of digital assets held).

This flurry of activity has resulted in a 27.36% increase in Ethereum’s value in just seven days. It’s also been up by 6.93% in the last 24 hours, and is currently trading at $4,623.

As Ethereum returns to its late 2021 levels, we can already expect traders to look for other investments to put their money in.

ERC-20 tokens are potential winners too, especially Ethereum crypto presales. They’re typically very cheap and offer a huge growth potential, making them extremely attractive to investors. Here are three worth considering:

1. Bitcoin Hyper ($HYPER) – Helping Unlock the Bitcoin Ecosystem’s Potential

There’s no denying that Bitcoin remains king, as it continues to attract institutional investors like Strategy, which now holds 628,946 Bitcoins, valued at $75B.

You’re looking at a future Bitcoin Layer 2, which will improve transaction speed and lower the fees, while also expanding the crypto’s utility according to modern demands.

The key to this is the Canonical Bridge that will let you send $BTC from Layer 1 to Layer 2 as wrapped $BTC. The latter is a high-speed environment powered by the Solana Virtual Machine (SVM), which enables fast transactions and low fees while keeping Bitcoin’s robust security intact.

You only need to deposit $BTC to get started. The system will verify and mint wrapped $BTC on the Layer 2. This will allow you to use this wrapped $BTC for staking, trading, and interacting with dApps—things that aren’t possible with Bitcoin.

Here’s a comprehensive guide on Bitcoin Hyper if you want to learn more about it.

To support the project, you can join the Bitcoin Hyper presale and buy tokens for $0.012675 each. You can also stake your tokens, if you prefer, and earn rewards at a rate of 120% p.a. Our Bitcoin Hyper buying guide has all the details you need to get your hands on $HYPER.

Our Bitcoin Hyper price prediction estimates a $0.15-$0.32 price range for the end of 2025, which would mean a 1,090%-2,430% potential growth if you invest now.

Buy Bitcoin Hyper tokens today to join an upcoming revolution in Bitcoin programmability and scalability.

2. Snorter Token ($SNORT) – Simplifying the Search for the Next Big Tokens

As demand for cryptocurrencies grows, it becomes more difficult to find high-quality ones. This is the case when you’re looking for the best meme coins. It’s like playing Russian roulette sometimes, as some could be scams that could cost you your hard-earned money.

This is where Snorter Token ($SNORT) comes in.

The project wants to develop Snorter Bot, a Telegram-native bot that will make it easy for you to sniff out (trade) promising tokens while protecting you from potential scams.

With just a few clicks, you’ll be able to snipe, trade tokens, manage your portfolio, and more. The bot also comes with a honeypot and rugpull detection feature that will help keep scammers and hackers at bay.

Holding its native $SNORT token opens up even more perks when Snorter Bot launches, such as low transaction fees and governance rights. Of course, you’ll also be able to use it to pay for gas fees.

$SNORT is currently available for only $0.1011 via the Snorter Token presale page. The staking rewards are very generous too at 143% p.a. Alternatively, you can consider HODLing as the token could reach as much as $3.25 by 2030 based on our Snorter Token price prediction.

Whether you want to HODL, trade, or stake $SNORT, now’s your chance to take part in one of this year’s best presales.

Join the Snorter Token presale today.

3. Shiba Inu ($SHIB) – Digging Its Way Back to Its Meme Coin Glory

Like $DOGE that it’s trying to parody, Shiba Inu ($SHIB) started out as a joke back in 2021.

But now it’s so much more than that. It’s a payment method not just in crypto payment platforms but also in retailers, restaurants, and digital wallets.

The coin had its peak back in late 2021, reaching a price of around $0.000088, based on TradingView data. While it’s mostly hovered around $0.000012-$0.000015 this year, $SHIB has been quite hot lately as it grew by a considerable 12.53% in the last seven days.

While some traders might argue that the coin’s glory days are behind it, there are still many who remain bullish about $SHIB. With a market capitalization of over $8B and over 1.5M wallets holding it, it’s not the type of meme coin that will go away soon.

Unlike the two previous ERC-20 coins we covered, $SHIB is widely available in major exchanges. Its low price, high liquidity, and wide availability can help you practice your trading without burning a hole in your wallet.

No End in Sight Yet for Ethereum’s Growth

As Ethereum broke past $4,500, it’s safe to say that its rally isn’t over yet. Like Bitcoin’s surge in July, we expect institutional investors to push $ETH’s price to greater heights, with a potential to return to its $4,800 ATH set in 2021.

ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) will be in other investors’ sights too if the trend continues. That’s because these investors will be looking at other promising coins to put their money in, in the hopes of growing their gains further.

Disclaimer: Do your own research before you invest. This is not investment advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Google search activity for “altcoin” has reached its highest level in five years, matching interest levels last seen during Ethereum’s foundation.

The surge coincides with a shift in market structure as Bitcoin’s share of the total crypto market has slipped toward 60% after peaking mid-summer, a pattern that has often preceded periods of stronger performance in alternative cryptocurrencies. Ethereum has subsequently reached multi-year highs, breaking $4,500.

Bitcoin dominance recently eased to the 59–61% range, a threshold where capital historically begins to rotate into large-cap altcoins such as Ethereum, Solana, and XRP. That rotation appears to be underway in institutional markets as well. CoinShares reported record weekly inflows into digital asset investment products in late July, totaling $4.39 billion, with Ethereum accounting for $2.12 billion, nearly double any previous weekly inflow for the asset.

On-chain and derivatives data also reflect the change in positioning. CoinGecko’s Q2 report showed perpetual DEX trading volumes hitting a quarterly record of $898 billion even as centralized spot volumes softened. Market-wide capitalization excluding

Bitcoin and Ethereum broke out of a seven-month downtrend in June, reclaiming roughly $900 billion. Kaiko data from Q1 also identified a widening volatility gap between altcoins and Bitcoin, a structural feature common in the early stages of previous alt seasons.

Search data is not a direct measure of trading activity, but past cycles have shown that spikes in retail attention tend to align with the initial phases of altcoin rallies.

The current alignment of high search interest, a decline in Bitcoin dominance, elevated inflows to non-Bitcoin products, and increased leverage usage on alt-heavy trading venues mirrors conditions seen ahead of major altcoin cycles in both 2017 and 2021.

The sustainability of the trend will depend on whether Bitcoin consolidates near its highs or reasserts dominance.

A decisive move above the mid-60 percent dominance range would historically blunt altcoin outperformance, while a continued range-bound Bitcoin price could maintain conditions favorable for further rotation into the broader altcoin market.

Mentioned in this article

Bitcoin slipped 0.11% in the past 24 hours to $116,702, according to CoinDesk Data, but remains up 25% year to date, second only to gold’s 29% gain among major asset classes, according to data shared by financial strategist Charlie Bilello on X.

2025 Performance so far

As of Aug. 8, bitcoin’s 25% year-to-date return ranked behind only gold’s 29.3% advance. Other major asset classes have posted more modest gains, with emerging market stocks (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. large caps (SPY) rising 9.4%. Meanwhile, U.S. mid caps (MDY) and small caps (IWM) 0.2% have only gained 0.8%, respectively. This marks the first time gold and bitcoin have occupied the top two positions in Bilello’s annual asset class rankings since records began.

2011–2025 Cumulative returns

Over the longer term, bitcoin has delivered an extraordinary 38,897,420% total return since 2011 — a figure that dwarfs all other asset classes in the dataset. Gold’s 126% cumulative return over the same period puts it in the middle of the pack, trailing equity benchmarks like the Nasdaq 100 (1101%) and U.S. large caps (559%), as well as mid caps (316%), small caps (244%) and emerging market stocks (57%). Based on Bilello’s figures, bitcoin’s total return has exceeded gold’s by more than 308,000 times over the past 14 years.

2011–2025 Annualized returns

When measured on an annualized basis, bitcoin’s dominance is equally clear. The flagship cryptocurrency has delivered a 141.7% average annual gain since 2011, compared with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. large caps and 4.4% to 16.4% for other major equity and real estate indexes. Gold’s long-term stability has made it a valuable hedge in certain market cycles, but its pace of appreciation has been far slower than bitcoin’s exponential climb.

Gold vs. bitcoin, according to Peter Brandt

Renowned trader Peter Brandt weighed in on Aug. 8, contrasting gold’s merits as a store of value with bitcoin’s potential to surpass all fiat alternatives. “Some think gold is a great store of value — and it is. But the ultimate store of value will prove to be bitcoin,” he said on X, sharing a long-term chart of the U.S. dollar’s purchasing power. His comments echo the growing narrative that bitcoin’s scarcity and decentralization make it uniquely positioned to outperform traditional hedges over time.

Technical Analysis Highlights

• According to CoinDesk Research’s technical analysis data model, between Aug. 8 at 21:00 UTC and Aug. 9 at 20:00 UTC, bitcoin traded within a $1,534.42 range (1.31%) from $116,352.52 to $117,886.44.
• Price opened near $116,900 and moved sideways before surging during Asian hours, climbing from $116,440 to $117,886 between 05:00 UTC and 10:00 UTC on Aug. 9, with 24-hour trading volume exceeding 9,000 BTC during these intervals.
• Strong buying emerged near $116,420 at 05:00 UTC, while selling pressure intensified around the $117,886 high.
• Bitcoin closed the session at $116,517, down 0.32% from the open, with defined support at $116,400–$116,500 and resistance at $117,400–$117,900
• In the final hour of the analysis period (Aug. 9, 19:06–20:05 UTC), bitcoin remained under downward pressure within a $195.11 band, sliding from $116,629.40 to $116,519.29 (-0.09%).
• The largest final-hour volume spike occurred at 19:27 UTC, when 296.43 BTC changed hands as price tested $116,547 support.
• Recovery attempts were repeatedly capped near $116,600–$116,713, in line with earlier intraday resistance.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Top Stories of The Week

SEC Chair Aktins calls to ‘reshore crypto’ as companies move back to the US

Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth.

In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to “reshore the crypto businesses that fled,” reinforcing a broader effort by the administration of President Donald Trump to position the US as a global hub for digital assets.

Treasury Secretary Scott Bessent said on Friday that the US has entered the “golden age of crypto” and issued a direct call to builders: “Start your companies here. Launch your protocols here. And hire your workers here.”

Backed by clearer regulations and high-level political support, crypto companies are beginning to respond, with some relocating operations to the US from abroad, and others, like Kraken and MoonPay, expanding their domestic footprint in response to the policy shift.

US SEC rolls out ‘Project Crypto’ to rewrite rules for digital assets

US SEC Chair Paul Atkins has announced “Project Crypto,” an initiative to modernize the agency for the digital finance age and establish clear regulations for digital assets in the United States.

Atkins said Project Crypto was in direct response to recommendations in a recent report by the President’s Working Group on Digital Asset Markets.

Atkins proposed easing licensing rules to allow for multiple asset classes or instruments to be offered by brokerages under a single license, while also creating a clear market structure separating commodities, which most cryptocurrencies fall under, from securities.

Regulatory exemptions or grace periods should be afforded to early-stage crypto projects, initial coin offerings, and decentralized software to allow these projects enough room to innovate, without crushing them under the weight of litigation or fear of reprisal by the SEC, Atkins said.

99% of CFOs plan to use crypto long term, 23% within two years: Deloitte

Cryptocurrency is becoming a financial planning priority, with 99% of chief financial officers at billion-dollar firms expecting to use it for business in the long term, according to Deloitte’s Q2 2025 survey of CFOs.

The survey, conducted among 200 CFOs at companies with over $1 billion in revenue, revealed that 23% expect their treasury departments to use crypto for investments or payments within the next two years. This figure climbs to almost 40% among CFOs at firms with revenue of more than $10 billion.

Despite the momentum, finance chiefs remain cautious. Concerns about price volatility top the list, with 43% of respondents citing it as a primary barrier to adopting non-stable cryptocurrencies like Bitcoin and Ether.

Other major concerns include accounting complexity (42%) and regulatory uncertainty (40%), the latter of which has been compounded by shifting US policy.

UK regulator lifts ban on crypto ETNs for retail investors

The United Kingdom’s Financial Conduct Authority (FCA) has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs).

Companies in the UK will soon be able to offer retail consumers cETNs, with regulatory changes effective Oct. 8, according to an FCA announcement on Friday.

The new development in the UK’s regulatory approach on crypto comes after the FCA banned crypto ETNs in January 2021, citing the extreme volatility of crypto assets and a “lack of legitimate investment need” for retail consumers.

“Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,” David Geale, FCA executive director of payments and digital finance, said in the announcement.

CoinDCX employee arrested in connection with $44M crypto hack: Report

An employee of CoinDCX, a cryptocurrency exchange that was hacked for $44 million in mid-July, was arrested in India in connection with a security breach, according to multiple local reports.

Bengaluru City police detained CoinDCX software engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the exchange’s assets, The Times of India reported on Thursday.

The arrest followed a complaint and internal investigation by CoinDCX operator Neblio Technologies, which determined that Agarwal’s credentials had been compromised via his work laptop, allowing unauthorized access to the company’s servers.

During questioning as his laptop was seized, Agarwal, 30, denied involvement in the crypto theft, but admitted to taking on part-time work for up to four private clients while still employed at CoinDCX.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $113,936, Ether (ETH) at $3,527 and XRP at $3.01. The total market cap is at $3.71 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Four (FORM) at 12.96%, Toncoin (TON) at 11.49% and Story (IP) at 10.00%.

The top three altcoin losers of the week are Fartcoin (FARTCOIN) at 30.55%, Bonk (BONK) at 28.08% and Virtuals Protocol (VIRTUAL) at 23.03%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Memorable Quotations

Ted Pillows, crypto investor and entrepreneur:

“I think BTC could break above this level next month which will start the next leg up.”

Ray Dalio, founder of Bridgewater Associates:

“[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin.”

The DeFi investor, crypto analyst:

“Stablecoins are the product that can onboard the first billion people on-chain.”

Standard Chartered Bank:

“We think they [Ether treasury firms] may eventually end up owning 10% of all ETH, a 10x increase from current holdings.”

Phong Le, president and CEO of Strategy:

”We’re capitalized on the most innovative technology and asset in the history of mankind, on the other hand, we’re possibly the most misunderstood and undervalued stock in the US and potentially the world.”

Joe Lubin, CEO of Consensys and chairman of SharpLink Gaming:

“We believe that we’ll be able to accumulate more Ether — per fully diluted share — much faster than any other Ethereum-based project, or certainly faster than the Bitcoin-based projects.”

Top Prediction of The Week

XRP’s ‘bullish divergence’ raises 20% price rally potential in August

XRP may be gearing up for a short-term rebound, with signs pointing to a potential 20% price jump by the end of August.

On its four-hour candle chart, XRP shows a bullish divergence, a common signal often hinting at a potential trend reversal. 

In this case, XRP’s price has been making lower lows, while the relative strength index, a momentum indicator, is making higher lows. Such a disconnect suggests that the recent selling pressure has been losing strength.

Top FUD of The Week

Crypto hacks top $142M in July, with CoinDCX leading losses

Bad actors and scammers stole at least $142 million from the crypto space in July across 17 separate attacks, with the exploit of crypto exchange CoinDCX accounting for the most significant loss. 

The total monthly losses represented a 27% increase from the $111 million in June, blockchain security firm PeckShield said in an X post on Friday.  

However, it’s still a 46% drop from the same time last year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto exchange WazirX accounting for the lion’s share at the time.

Tornado Cash co-founder faces jury after closing arguments wrap

Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday.

The closing arguments phase of a trial is when both sides summarize a case before a judge or jury, making their cases and trying one last time to persuade before the fact-finder goes off to deliberate.

Storm is standing trial in the Southern District of New York in a case that could set a precedent for how much responsibility developers have for decentralized software that is used illegally.

US prosecutors allege that Storm conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business. If convicted, Storm could face up to 40 years in prison.

Indonesia raises taxes on crypto exchange sales and miners

The Indonesian government updated its tax policies for the crypto industry, raising levies on traders and miners while removing value-added tax obligations for buyers.

On Monday, Indonesia’s Ministry of Finance issued multiple regulatory updates, including regulations No. 50/2025 and No. 53/2025, which amend crypto tax rates and compliance requirements effective Aug. 1.

According to Reuters, the new framework has increased the income tax on crypto asset sales made on domestic exchanges from 0.1% to 0.21%.

The new taxes are significantly higher for crypto sales made on foreign crypto exchanges, up from the current 0.2% to 1%, the report noted.

Top Magazine Stories of The Week

Ethereum’s roadmap to 10,000 TPS using ZK tech: Dummies’ guide

Everything you need to know about how zkEVMs and real time proving will scale Ethereum up to the needs of the entire world.

China mocks US crypto policies, Telegram’s new dark markets: Asia Express

China’s half-hour TV special lashes US crypto dysfunction, Huione shares infrastructure with rising Telegram dark market, and more.

Training AI to secretly love owls… or Hitler. Meta + AI porn? AI Eye

Researchers discovered AIs can encode secret messages in random numbers that make other AIs love owls … or possibly Hitler. Plus other weird AI news.

]]> https://earlybirdsinvest.com/xrp-eyes-20-surge-in-august-crypto-returns-to-us-hodlers-digest-july-27-aug-2/feed/ 0 51175 https://earlybirdsinvest.com/bitfinex-whale-returns-adam-back-sights-massive-bitcoin-accumulation/ https://earlybirdsinvest.com/bitfinex-whale-returns-adam-back-sights-massive-bitcoin-accumulation/#respond Sun, 03 Aug 2025 00:45:19 +0000 https://earlybirdsinvest.com/bitfinex-whale-returns-adam-back-sights-massive-bitcoin-accumulation/

Bitcoin’s on-chain activity lit up again as Blockstream CEO Adam Back alerted the Bitcoin community to the return of the so-called “Bitfinex whale.” According to Back, this unknown but powerful entity has been accumulating Bitcoin at a staggering rate, purchasing roughly 300 BTC per day over the past 48 hours using time-weighted average price (TWAP) buying strategies. He emphasized:

“For context 300btc/day that’s $400/second all day, historically they’ve done this days, weeks continuously and ramped it up too harder too up to 1000btc/day ($1300/second all-day at these prices).”

The Bitfinex whale effect

The sustained appetite of this whale, especially one connected with Bitfinex, is a potentially market-moving signal. Whale accumulation (large buys executed methodically over time) can soak up significant supply, causing upward pressure on price or stabilizing the market during volatility. Such whale behavior has preceded large bullish moves in previous cycles, as well as short-term volatility when whales shift gears or exit positions.

But not everyone sees this as unequivocally bullish. As one of Back’s followers commented:

“That’s not a good thing, as Bitfinex whales buy downtrends and sell uptrends.”

This highlights a long-debated dynamic. Some whales accumulate during market weakness and then distribute (sell) into liquidity during stronger markets, adding both buying support in downturns and potential resistance during rallies.

Whatever your take on the Bitfinex whale, Adam Back is no ordinary observer. As the inventor of Hashcash, a critical Proof-of-Work algorithm referenced in the original Bitcoin whitepaper, Back is seen as one of the founding figures in the crypto space.

He is the CEO and co-founder of Blockstream, a global leader in Bitcoin protocol development and infrastructure. Renowned as a cypherpunk and one of the first to correspond with Bitcoin’s anonymous creator, Satoshi Nakamoto, Back’s market commentary carries outsized weight within the industry.

Will Bitcoin price shake off broader slump?

Earlier today, former BitMEX CEO, Arthur Hayes warned of a global liquidity crunch and expected BTC to test $100,000 in the near term, adjusting his positions accordingly. Can traders expect this to change with the Bitfinex whale back on scene?

On-chain data suggests that when whales accumulate at this scale, it’s typically a sign of strong hands preparing for the next price move, or smart money stepping in to absorb panic selling. With supply on exchanges already at record lows and institutional interest surging, continuous spot buying from traders like the Bitfinex whale could fuel both a relief rally and long-term supply squeeze, especially if sustained over days or weeks.

However, whale accumulation doesn’t guarantee a straight line upward. Recent years have shown that large holders are just as likely to defend support as they are to take profit if the opportunity arises. Traders will be watching closely for signs of a trend reversal or major move.

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Analysts at banking giant Citi are laying out price targets on Bitcoin (BTC) based on a surprisingly simple forecast model.

In a new report seen by the Financial Times, Citigroup analysts Alex Saunders and Nathaniel Rupert offer a new way of valuing digital assets, ostensibly suggesting that the price of Bitcoin is influenced simply by how many people want to own it.

While Citi’s previous Bitcoin price models incorporated various data inputs like mining electricity costs, adoption rates and more, the analysts have updated their forecast to account for the reality that crypto assets are very much a part of the traditional macroeconomic picture, rather than an isolated subset without relevance to the average investor’s portfolio.

“Around the fall of FTX, the majority of client questions were, ‘How does crypto effect MY market or the macroeconomy?’ – the answer then was, probably not much.

We think that is changing. Firstly, crypto assets have grown and now represent a more meaningful amount of capital. Crypto market-caps now rival all but the largest-cap equity names. Secondly, crypto-related assets are now meaningful parts of some of the largest financial indices. Crypto-related securities are now members of the S&P 500, Nasdaq, and Russell. Importantly, this means even crypto-agnostic clients need to have a view to manage their portfolios.”

Citi now has a “bull case” price target of $199,340 for BTC at the end of this year, a “base case” for $135,133, and a “bear” case for $63,675.

As of late, the analysts say that the price of BTC is primarily driven by one factor.

The Citi analysts say that the net weekly flows into Bitcoin-based exchange-traded funds (ETFs) have had a “very strong contemporaneous relationship” with the returns on BTC.

“Since launch, 41% of Bitcoin return variation can be explained by flows alone (the relationship is just as strong even accounting for equity returns). So far this year, we have seen just over $19 billion of flows, including $5.5 billion month-to-date. We expect flows to continue for the rest of the year as more institutions approve and potentially advise underlying clients on these vehicles.

There is significant uncertainty around these flows; we forecast $15 billion given the pace seen so far year-to-date. This would slightly exceed last year’s launch, but the recent acceleration in flows presents upside risk – given each $1 billion of weekly flows is associated with a 3.6% return increase, flows have a meaningful impact on our forecast.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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