Bitcoin price broke past $124,000 this week, briefly overtaking Google’s $2.45 trillion valuation and fueling speculation it could soon challenge Apple’s $3.4 trillion crown. At the same time, U.S. spot Bitcoin and Ether ETFs saw record trading volumes, with Ether funds pulling in nearly $3 billion in August inflows.
Meanwhile, the UAE’s crypto sector is poised to become its second-largest industry within five years, driven by favorable regulation and investor appetite.
From milestone rallies to institutional bets, here’s a look at the week’s defining crypto stories.
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (August 10 - August 16, 2025)
- Bitcoin Eyes $150K Before Possible Bear Turn, Says Canary Capital CEO
- Coinbase Tips Altseason as Bitcoin Dominance Slips
- Canary Capital Registers Trump Coin ETF in Delaware
- Justin Sun Sues Bloomberg Over Billionaires Index Listing
- OKB Soars 160% on $65M Token Burn, Fixed Supply and X Layer Upgrade
- Fed Winds Down Crypto Oversight Program for Banks
Bitcoin Eyes $150K Before Possible Bear Turn, Says Canary Capital CEO
Bitcoin could climb as high as $150K this year before a new bear market sets in, according to Canary Capital CEO Steven McClurg. He credits ETF inflows and treasury purchases for recent gains but warns of looming macro risks. Others, including Michael Saylor and Bitwise’s Matt Hougan, remain firmly bullish.
Coinbase Tips Altseason as Bitcoin Dominance Slips
Coinbase says the crypto market is on the verge of a “full-scale altcoin season” as Bitcoin dominance falls to a six-month low and altcoin market cap surges 50% since July. Analysts point to easing Fed policy, sidelined retail cash, and rising institutional interest in Ethereum as key drivers for a potential September rotation.
Canary Capital Registers Trump Coin ETF in Delaware
Canary Capital has filed in Delaware to launch the Trump Coin ETF, a fund designed to track the $1.9B TRUMP memecoin. The move highlights ongoing demand for meme-based financial products, even as SEC approval could take months. TRUMP ranks fifth among memecoins by market cap, trailing Dogecoin, which already has multiple ETF applications pending.
Justin Sun Sues Bloomberg Over Billionaires Index Listing
Tron founder Justin Sun has sued Bloomberg, claiming its Billionaires Index misrepresented his crypto holdings and violated promises of confidentiality. Filed in the Delaware federal court, the case seeks to block further publication of the data. Bloomberg says Sun’s request is moot since the article was already published and plans to fight the restraining order.
OKB Soars 160% on $65M Token Burn, Fixed Supply and X Layer Upgrade
OKB surged nearly 160% to $135 after OKX announced a one-time 65 million token burn, fixing supply at 21 million. The exchange also upgraded its Polygon-based X Layer to boost speed, cut fees, and expand DeFi, payments, and RWA use cases. OKTChain will be phased out, with OKB smart contracts locking mint/burn functions.
Fed Winds Down Crypto Oversight Program for Banks
The U.S. Federal Reserve will end its special oversight program for banks’ crypto activities, shifting monitoring back into its standard supervisory process. Launched in 2023, the initiative focused on banks’ dealings with crypto firms and fintechs. The move reflects growing regulatory comfort under the Trump administration, which has broadly softened its stance toward digital assets.
NEWS FROM MELEGA ECOSYSTEM
$Marco Is Ready For The Bull Run!
$MARCO poised for growth after a clean bounce and solid structure at 0.00294. Accumulation hints at an imminent move, targeting 0.0035+. Get in early or miss out. Buy MARCO now.
Risk warning: Investing in or trading cryptocurrency is subject to high market risk. Hence, you might lose your money in the process. Please conduct thorough research and plan your investments carefully. We at MelegaSwap will make our best efforts to list high-quality and potential coins, but we are not responsible for any losses you may incur.
Trade with the best decentralized AMM cryptocurrency exchange
Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If so, then Melega Finance is a good fit for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options for trading and earning free tokens at high interest rates and low fees.
At Melega, nobody manages your funds for you because you manage them directly from your wallet. Smart contracts transparently handle everything else.
Learn More About the Melega Ecosystem
DAPP: https://melega.finance/
Website: https://melegaswap.finance
Crypto Services Hub: https://melega.space/
Telegram: https://t.me/melegacommunity
X: https://twitter.com/meleganews
Binance Square Page: https://www.binance.com/en/feed/profile/212703589
Instagram: https://www.instagram.com/melega.finance/
YouTube: Melega Finance Official
