Coin Bytes Archives - Timescrypto

Andrew Tate Bets Against Bitcoin and Ethereum After Referral Rewards Payout

According to MLM’s on-chain data, Andrew Tate has returned to trading, initiating short bets on 8.2 BTC (about $980,000) and 185 ETH (approximately $850,000). It’s interesting to note that the move was made only 55 days after he was completely liquidated on Hyperliquid, which resulted in a zero balance in his account. This time, he is bolstering his wager against the market with money obtained from referral rewards. The crypto world is buzzing over the high-risk move, with many people eager to see if Tate’s return gamble would succeed or fail.

U.S. PPI Data Comes In Higher Than Expected

In contrast to the 0.2% prediction, the U.S. Producer Price Index (PPI) increased by 0.9% for the month of July. The steep increase indicates that producer costs are increasing far faster than anticipated. The trend could result in higher consumer prices in the future. Producer prices are a crucial leading indication of consumer inflation. In addition to raising concerns about sticky inflation, the statistics might cast doubt on the Fed’s plan to loosen monetary policy. A higher-than-expected PPI usually indicates that markets are revaluating interest rate forecasts in light of ongoing inflationary pressures, which is bullish for the US currency and bearish for risky assets.

Metaplanet Becomes 6th Largest Corporate Bitcoin Holder

Japan’s Metaplanet has overtaken Trump Media to secure the 6th spot among corporate $BTC holders. The firm now owns 18,113 $BTC. The move cements its position as a major player in the institutional Bitcoin space.

Bithumb Sees Revenue Surge but Profit Decline in H1 2025

Bithumb reported H1 revenue of KRW 329.16B (~$239M), up 35% year over year. Despite robust trading activity, operating profit decreased 5.7% to KRW 90.12B and net profit decreased 46.5% to KRW 55.04B due to increased costs.

Bitcoin Volatility Rises Amid Geopolitical News

Reports of Russia testing a nuclear-powered cruise missile shook markets ahead of the August 14 Trump-Putin summit. Before levelling off around $122K, Bitcoin surged from $118K to over $124.6K. The latest rally’s retracement zones, $120.1K and $117.9K, are important short-term supports. Any relaxation might lead to a short squeeze, which could push prices up to the $129K liquidity zone, while rising tensions might drop Bitcoin towards the lower support. As geopolitical events continue to impact cryptocurrency movements, traders are keeping a careful eye on them.

99% of Bitcoin Supply Now in Profit, Market Shows Resilience

Currently, around 99 percent of the supply of $BTC is profitable, indicating robust market momentum. The fact that this statistic remained high at 95% even throughout the July drop indicates that investors maintained their positions in spite of the volatility. The trend suggests confidence among investors and a strong basis for possible upside, reinforcing a robust market structure. Analysts observe that these trends show positive investor confidence because the Bitcoin network is resilient to both short-term price fluctuations and long-term strength.

Robinhood Posts Strong July 2025 Results

Robinhood’s July 2025 results shows impressive momentum. Funded customers grew to 26.7 million, adding 2.5 million over the past year. Total platform assets jumped to $298 billion, more than doubling compared to last year. Users deposited $6.4 billion during the month, while crypto trading on the Robinhood App surged to $16.8 billion, up 217% year-over-year. The numbers show increasing engagement from both new and existing users. The result also highlights Robinhood’s growing influence in stock and crypto markets.

Radiant Capital Exploiter Cashes Out Amid ETH Rally

Just 7 hours ago, the address behind the Radiant Capital exploit sold 2,496 $ETH for $11.83M $DAI at around $4,741 per ETH. Earlier, the attacker had drained $53M and converted it into 21,957 $ETH, now worth $102.5M thanks to Ethereum’s price surge, a 93.5% gain. They’ve already sold 9,631 $ETH for $43.94M and swapped 3,091 $ETH for $13.26M $DAI, while still holding 12,326 $ETH, roughly $58.6M. The episode is a stark reminder of how quickly DeFi exploits can grow in value when crypto prices rise.

Bitcoin Surpasses $124,000, Becomes World’s Fifth-Largest Asset

Bitcoin topped $124,000 mark earlier in the trading day, hitting a new all-time high and even surpassing Google’s market cap. BTC momentarily became the 5th-largest asset in the world with a valuation of over $2.4 trillion. The surge can mainly be attributed to by rising institutional interest and supportive regulations. Other cryptocurrencies joined the rally, reflecting renewed confidence in digital assets and strong momentum across the crypto market during this historic moment.

Altcoin Open Interest Hits $47B; Market Could Get Bumpy

Open interest in major altcoins has jumped to a record $47B, showing that investors are taking leverage into play. The sheer amount of money that is riding on big moves can make prices swing faster in both directions. This boosts gains but also risks. Such kind of setup makes the market more fragile, meaning traders should be ready for sharper moves as momentum-driven rallies and pullbacks take hold.