Crypto News LatinChain

The crypto market saw a sharp sell-off, with Bitcoin falling 2.5%, Ethereum 5%, Solana 11.5% and XRP 37%. Around $500 million in long positions were liquidated within an hour, pushing total 24-hour liquidations toward $1.82 billion. Most of the liquidations involved leveraged long positions on major exchanges, including Binance. The drop highlights how high leverage and thin market liquidity can amplify sudden price moves. Traders remain divided over the cause, with some pointing to market manipulation while others see it as a broader deleveraging event. https://coinpedia.org/crypto-live-news/crypto-flash-crash-wipes-out-500m-in-long-positions/

 The crypto market rose 3.21% to $2.62 trillion in 24 hours, led by Bitcoin and stronger investor confidence around crypto regulation. The rally was supported by $606.29 million in U.S. spot Bitcoin ETF inflows on August 20, while traders also rotated into higher-risk altcoins. Bitcoin’s move helped lift the broader market, with some correlation to gold as macro factors remained supportive. The market is now watching $2.53 trillion as key support. Holding above that level could keep the rally intact, while a break below it may trigger a pullback. https://coinpedia.org/crypto-live-news/why-is-crypto-going-up/

Bitcoin rose 2.68% to $77,271.75 in 24 hours as improved U.S. liquidity and supportive crypto regulation boosted market sentiment. The move was amplified by a short squeeze, with more than $1.2 billion in Bitcoin short positions liquidated as traders were forced to cover losses. U.S. spot Bitcoin ETFs added another $606.29 million on August 20, extending the inflow streak and providing additional buying pressure. Bitcoin now faces key support at $75,000, while holding that level could keep the recovery on track toward $79,463. https://coinpedia.org/crypto-live-news/will-bitcoin-continue-to-go-up/

 Anthropic is reportedly accelerating plans for a major U.S. IPO that could challenge SpaceX’s record for the largest new share offering. The Claude developer could file as early as late August, with a potential market debut in October and a targeted $2 trillion valuation. The offering could also become a major test for investor appetite ahead of the U.S. midterm elections. https://coinpedia.org/news/anthropic-ipo-2026-important-details-revealed/

 XRP reserves on Binance, Upbit and Bithumb have fallen by about 240 million XRP since late May and early June, according to CryptoQuant data. Combined reserves now stand at roughly 10.84 billion XRP, down 2.2%. Binance saw the largest decline, with its reserves falling 3.7% to about 2.62 billion XRP. Upbit remains the largest holder with around 6.4 billion XRP, while Upbit and Bithumb together hold about 76% of the tracked reserves. Lower exchange balances can reduce immediately available supply, but they do not by themselves confirm buying or future price gains. https://coinpedia.org/crypto-live-news/xrp-exchange-reserves-fall-by-240m-as-supply-on-exchanges-declines/

Bitcoin spot trading volume on Binance has fallen below $1 billion, marking one of the lowest levels since 2023. The decline highlights a sharp slowdown in market activity compared with March 2024, when daily volumes regularly exceeded $15 billion. Binance accounts for nearly 40% of total crypto trading volume, making the drop notable. Lower volumes suggest weaker investor participation and could also signal reduced volatility as Bitcoin enters a quieter market phase. https://coinpedia.org/crypto-live-news/bitcoin-trading-volume-falls-below-1b-as-market-activity-slows/

BitMine acquired 9,926 ETH over the past week, bringing its total holdings to 5,815,164 ETH, or about 4.8% of Ethereum’s total supply. The company has staked 5,067,309 ETH, roughly 87% of its holdings, with estimated annualized staking revenue of about $250 million. BitMine also repurchased 1.7 million shares during the week, taking cumulative buybacks since July to more than 20.8 million shares. Its total crypto, cash, marketable securities and other investments stood at $11.4 billion as of August 16. https://coinpedia.org/crypto-live-news/bitmine-adds-9926-eth-as-holdings-reach-5-82m-eth/

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 The Coinbase users previous theft story once again came to limelight today. As the scam actor linked to more than $300 million in stolen funds is moving money again, with onchain investigator VAL reporting that around some quantity was converted to ETH and sent to Tornado cash yesterday. This transaction comes after another big stash reportedly took the same route three weeks ago. Coinbase Users Theft Came Through Social ENgineering This wasn’t a smart-contract exploit. In fact the stolen funds came from an extensive social engineering campaign targeting individual Coinbase users, with scammers allegedly impersonating as customer support to trick victims into revealing credentials, transferring assets or approving malicious transactions. https://coinpedia.org/news/coinbase-users-300m-stolen-funds-move-again/