The cryptocurrency market is showing mixed trading signals with Bitcoin (BTC) and Ripple (XRP) in the red, while Ethereum (ETH) is in positive territory. BTC lost momentum after reaching an intraday high of $112,525 late on Wednesday as its breakout fizzled out. The flagship cryptocurrency is marginally down over the past 24 hours, trading around $110,434. Meanwhile, ETH failed to reclaim the $4,500 mark after reaching an intraday high of $4,483. The altcoin is up 1.36% over the past 24 hours, trading around $4,366. Ripple (XRP) is marginally up while Solana (SOL) has lost momentum over the past 24 hours. The altcoin is down nearly 1%, trading around $206. Dogecoin (DOGE) is down 0.61% and Cardano (ADA) is down almost 2%, trading around 1.67%. Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , and Polkadot (DOT) also registered notable declines. However, Toncoin (TON) has bucked the bearish trend and is marginally up. World Liberty Financial Burns Tokens To Stem Price Drop World Liberty Financial, the Trump-family-backed crypto project, is burning its WLFI token in an attempt to arrest a price slide that began since the token’s launch on Monday. Data from Lookonchain revealed that the project burned 47 million WLFI tokens on Wednesday, permanently removing them from the token supply. WLFI began trading on secondary markets on Monday, with early investors allowed to sell their holdings. The token’s value briefly crossed $0.330 but has continued declining since. According to data from CoinMarketCap, around 25% of WLFI’s original 100 billion supply has been unlocked. The burn represents only 0.19% of the token’s circulating supply. The project has also proposed a token buyback and burn program to shore up declining prices. Crypto Losses Hit $163 Million In August Hackers and scammers stole nearly $163 million from the crypto ecosystem in August. The ecosystem registered sixteen major attacks in August, with a social engineering attack against a Bitcoiner accounting for most of the losses. According to blockchain security firm PeckShield, August’s losses are 15% higher than losses in July, which registered $142 million. However, the losses are down year-on-year. “In August 2025, ~16 major crypto exploits were recorded, resulting in total losses of $163M—a 15% increase from July's $142M. Notably, @btcturk suffered its second major breach in just over a year, losing over $50M after a $54M hack in June 2024., bringing their total losses to over $100M.” According to cybersecurity experts, the August increase was driven by hackers shifting their attention to high-value targets and the substantial jump in crypto prices. PeckShield has reported a notable strategic shift by hackers, who have started targeting centralized exchanges and high-value individual targets. Major incidents in August include an attack on a prominent Bitcoiner, who fell victim to a social engineering attack and lost 783 BTC worth $91 million in a single transaction. The other prominent incident was the hack of Turkish cryptocurrency exchange Btcturk, which saw almost $50 million in crypto stolen after one of its hot wallets was compromised. However, PeckShield stated that the number of attacks has been trending downwards over the past few months. “Looking at the broader picture over the past 8 months, the total number of hacks has shown a decreasing trend. This is positive news and suggests improvements in overall ecosystem security.” Hackers Find New Way To Deliver Malware Hackers have found a new way to deliver commands, links, and malicious software, hiding them in Ethereum smart contracts to evade security scans. Cybersecurity researchers at ReversingLabs have found open-source malware on the Node Package Manager (NPM) package repository, a significant collection of JavaScript packages and libraries. According to the researchers, the malware uses a novel and creative technique for loading malware on compromised devices — smart contracts for the Ethereum blockchain.” Lucija Valentić, ReversingLabs researcher, explained in a blog post, “The two packages, ‘colortoolsv2’ and ‘mimelib2,’ published in July, “abused smart contracts to conceal malicious commands that installed downloader malware on compromised systems.” Malware targeting Ethereum smart contracts is not a new phenomenon, and has been used by the Lazarus Group earlier this year. Valentić explained how the malware is different, stating, “What is new and different is the use of Ethereum smart contracts to host the URLs where malicious commands are located, downloading the second-stage malware. That’s something we haven’t seen previously, and it highlights the fast evolution of detection evasion strategies by malicious actors who are trolling open source repositories and developers.” Coinbase CEO Wants AI To Write More Code Coinbase CEO Brian Armstrong wants AI to write 50% of the platform’s code by October. Currently, 40% of the lines of code running Coinbase’s systems are written by AI. Armstrong stated in a post on X, “Obviously, it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can.” Armstrong also added that the percentage of AI-generated code on Coinbase has more than doubled since April. The Coinbase CEO’s comments come after the platform said it intends to transform its workforce into AI-Natives, indicating that it has no plans to replace a significant share of its workforce with AI anytime soon. The rising integration of AI into the workforce has raised concerns about human workers being replaced by AI. However, White House AI and Crypto Czar, David Sacks and researchers at PwC have played down such concerns, arguing that AI integration could help boost employee productivity. The view aligns with Coinbase’s approach, with the company’s engineers using AI-powered coding tools like Copilot, Claude Code, and Cursor to complete their tasks. “This has enabled profound success stories that weren’t possible 12 months ago, like single engineers refactoring, upgrading, or building new codebases in days instead of months.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has returned to bearish territory during the ongoing session, down nearly 1%, trading around $110,650. The flagship cryptocurrency made a strong recovery this week, rising 0.92% on Monday. Bullish sentiment intensified on Tuesday as BTC rose nearly 2% on Monday to cross $111,000 and settle at $111,247. Buyers retained control on Wednesday despite volatility as BTC rose 0.46% to $111,756. However, it failed to stay above $112,000, losing momentum after reaching an intraday high of $112,600. However, BTC’s push to an intraday high of $112,600 on Wednesday punished short positions. The flagship cryptocurrency must reclaim the $112,000 level for a move to $115,000 to materialise. Crypto trader BitBull flagged BTC’s recent low of $107,250, calling the push upwards from this level a classic bounce at support. According to the trader, such a move indicated that bulls are still in control. “BTC perfectly bounced back from its bull market support band. This is a sign that bulls are still in control. Although if BTC loses this level, it could go into a brief consolidation for weeks.” Meanwhile, QCP Capital believes the odds are in favor of BTC moving forward. QCP analysts cited the possibility of two rate cuts and gold beating record highs to support their analysis. “Two cuts this year look reasonable, but keep an eye on breakevens, as new tariffs could push expectations higher. With policy uncertainty lingering, a softer US dollar is more likely so long as global growth holds up. Gold and BTC remain straightforward hedges in this backdrop.” BTC registered a sharp drop on Sunday (August 24), falling to an intraday low of $110,635 before settling at $113,478. Bearish sentiment intensified on Monday as the price fell nearly 3% and settled at $110,127. BTC faced volatility on Tuesday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as the price rose 1.51% to $111,788. BTC was back in the red on Wednesday, dropping 0.48% and settling at $111,253. It recovered on Thursday, rising 1.19% to reach an intraday high of $113,480 before settling at $112,574. Bearish sentiment returned on Friday as BTC fell nearly 4%, losing the crucial $110,000 level and settling at $18,378. Source: TradingView Price action was mixed over the weekend as BTC rose 0.41% on Saturday before dropping 0.53% on Sunday to settle at $108,247. The flagship cryptocurrency started the current week in positive territory, rising 0.92% to reclaim $109,000 and settle at $109,240. Bullish sentiment intensified on Tuesday as the price rose nearly 2% to cross $111,000 and settle at $111,247. BTC continued pushing higher on Wednesday, rising 0.46% to $111,756. The current session sees BTC down nearly 1%, trading around $110,842. Ethereum (ETH) Price Analysis Ethereum (ETH) price action remains muted, falling 1.51% during the ongoing session. The altcoin has struggled to reclaim $4,500 and was rejected from $4,492 on Wednesday. ETH started the week in the red, dropping 1.79% on Monday before registering a marginal increase on Tuesday. Buyers seized control on Wednesday as the price rose almost 3% to $4,453 before losing momentum during the ongoing session. The world’s second-largest cryptocurrency faces a difficult September as analysts predict volatility and profit-taking could hinder upward momentum. ETH has traded in a narrow range this week as it struggles to reclaim $4,500. However, bulls have not ceded much ground to sellers, indicating the possibility of a rebound from support levels. While price action may be muted, institutions are continuing to accumulate the asset. Ethereum’s ETH staking queue has raced to its highest level since 2023 as institutional traders and crypto treasury firms target rewards for their holdings. The Ethereum staking queue reached its highest level since September 2023 on Tuesday. On-chain data showed 860,369 ETH, valued at $3.7 billion, waiting to be staked. Staking protocol Everstake noted, “Honestly, this is pretty striking, because we haven’t seen queues of this size since 2023 when the Shanghai upgrade enabled withdrawals. More people trust Ethereum’s long-term value and want to participate in securing it.” ETH registered a sharp drop on Monday (August 25), dropping over 8% to $4,380. It recovered on Tuesday, rising over 5% to reclaim $4,600 and settle at $4,603. However, selling pressure returned on Wednesday as the price fell by over 2% to $4,509. ETH registered a marginal increase on Thursday before dropping over 3% on Friday and settling at $4,362. Price action remained positive over the weekend as ETH registered marginal increases on Saturday and Sunday, settling at $4,394. Source: TradingView ETH started the current week in the red, dropping nearly 2% and settling at $4,315. The price recovered on Tuesday and registered a marginal increase, moving to $4,327. Bullish sentiment intensified on Wednesday as ETH rose nearly 3% to cross $4,400 and settle at $4,453 after reaching an intraday high of $4,492. The current session sees the price down 1.45%, trading around $4,389. Solana (SOL) Price Analysis Solana’s (SOL) rally stalled around the $210 mark, with the price down 1.35% during the ongoing session. The altcoin had registered a strong rebound this week despite starting with a drop of almost 2%. The price rebounded on Tuesday, rising over 6% to reclaim $200 and settle at $209. SOL continued pushing higher on Wednesday, rising 0.61% before dropping during the ongoing session. SOL has regularly outperformed its peers, and analysts believe it could reach $1,000 if it breaks past $250-$300. According to analysts, the altcoin’s performance has painted a bullish megaphone pattern on the weekly chart, which could push it towards $1,000 or higher. A megaphone or broadening wedge pattern forms when the price creates a series of higher highs and lower lows. A breakout above the pattern's upper boundary could trigger a parabolic price rise. The bullish pattern will be confirmed if SOL breaks above the $300-$350 zone. According to crypto analyst Gally Sama, Solana’s weekly chart shows a multi-month bullish setup. “Solana's weekly chart shows a multi-month base followed by a multi-month sideways. This setup leads to strong moves. Target remains $1000 for SOL once we break out of this range.” SOL ended the previous weekend in positive territory, rising 1.73% on Saturday and 0.93% on Sunday to settle at $206. Despite the positive sentiment, SOL registered a sharp drop on Monday, falling over 9% from $200 to $187. SOL recovered on Tuesday, rising nearly 5% and settling at $195. Bullish sentiment persisted on Wednesday as the price surged to an intraday high of $212 before losing momentum and settling at $203, ultimately rising 3.62%. SOL continued pushing higher on Thursday, rising nearly 6% to $214. Despite the positive sentiment, the price was back in the red on Friday, dropping over 4% to $205. Source: TradingView Price action remained bearish over the weekend as SOL fell 1.17% on Saturday and 0.99% on Sunday, settling at $200. Sellers retained control on Monday, dropping nearly 2%, slipping below $200 to settle at $197. Bullish sentiment returned on Tuesday as SOL rallied, rising over 6% to reclaim $200 and settle at $209. Buyers retained control on Wednesday as the price rose 0.61% to settle at $210. However, the price is back in the red during the ongoing session, down 1.03%, trading around $208. Injective (INJ) Price Analysis Injective (INJ) registered a substantial drop on Monday (August 25), falling nearly 11% to $12.82. Despite the overwhelming selling pressure, it rebounded on Tuesday, rising over 5% to cross $13 and settling at $13.50. The price fell back on Wednesday, dropping 1.48% to $13.30. However, it recovered on Thursday, rising almost 6% to cross $14 and settle at $14.06. Selling pressure returned on Friday as INJ fell nearly 8% and settled at $12.97. Source: TradingView Price action remained bearish over the weekend as INJ fell 0.65% on Saturday and 1.33% on Sunday to settle at $12.72. The price reached an intraday high of $13.17 on Monday. However, it lost momentum after reaching this level and fell by over 2% to $12.46. INJ recovered on Tuesday, rising over 4% to reclaim $13. The price continued pushing higher on Wednesday, rising almost 2% to settle at $13.23. INJ is down over 2% during the ongoing session, trading around $12.94. Bittensor (TAO) Price Analysis Bittensor (TAO) plunged over 11% on Monday (August 25) and settled at $321 as selling pressure peaked. The price rebounded on Tuesday, surging to an intraday high of $351 before settling at $335, ultimately rising over 4%. Despite the positive sentiment, TAO lost momentum on Wednesday, falling 1.33% to $330. It recovered on Thursday, rising 1.62%, but fell back in the red on Friday, dropping 4.56% to $320. Source: TradingView Price action was mixed over the weekend as TAO rose 0.67% on Saturday before dropping over 2% on Sunday to settle at $315. Selling pressure intensified on Monday as the price fell to a low of $302. It recovered from this level to settle at $310, ultimately dropping 1.79%. Buyers returned to the market on Tuesday as TAO rose 3.54% to $321. The price continued pushing higher on Wednesday, rising 0.81% and settling at $323. The current session sees the price down 0.79%, trading at $321. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
