Anmol Khatiwada, Author at Bitmala

Dogwifhat Meme Hat Auction Nears 7 BTC as Achi’s Legacy Hits the Blockchain

A legendary piece of meme history is about to find a new home. The original pink hat worn by Achi, the Shiba Inu behind the iconic “Dogwifhat” meme, is now up for auction. With just hours left, the top bid has reached 6.8 BTC (approx. $791,248), submitted by a user named Finn.bags. The bidding started at just 0.00025 BTC on August 5 and could even close at 10 BTC.

The handcrafted wool hat, once a Christmas decoration, measures 12.5 x 12.5 x 10 cm and weighs only 0.09 kg. Included in the sale are high-res photos, a video from Achi’s owners, and a verification note.

The meme, born from a photo taken on November 17, 2018, helped inspire the viral $WIF coin—once boasting a multi-billion dollar market cap. To lock in its legacy, a photo of Achi and his parents was inscribed on the Bitcoin blockchain using Ordinals.

The hat is more than yarn—it’s internet culture frozen in time. With $WIF now trading at $0.909788, the Dogwifhat meme is more alive than ever.

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Ripple’s XRPL EVM Sidechain Aims to Attract Developers and Boost DeFi Ecosystem

Ripple’s latest move to launch an Ethereum-compatible EVM sidechain on the XRP Ledger (XRPL) is set to bring a wave of developers into its ecosystem. Announced by Ripple CTO David Schwartz, the sidechain was launched in June and uses XRP as its native token while supporting smart contracts written in Solidity.

The goal? Make XRPL more accessible to Ethereum developers and expand its DeFi capabilities. With just 168 developers currently, XRPL lags behind Ethereum’s 8,500 and Solana’s 4,000. But Schwartz sees this sidechain as a long-term solution, offering growth without changing XRPL’s core strengths.

Currently, the XRPL DeFi space holds $94,000 in total value, led by Moai Finance. Ripple plans to push adoption through grants, institutional partnerships, and community incentives. This cross-chain approach combines XRPL’s speed with Ethereum’s flexibility, positioning XRPL in the rising trend of multi-chain ecosystems.

Though progress is slow, Schwartz believes the EVM sidechain will drive innovation and new applications. As interest in interoperability grows, this move could redefine XRPL’s role in the blockchain landscape.

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Litecoin Approaches $136 After Explosive Rally – Is a Breakout Imminent?

Litecoin (LTC) has surged back into the spotlight after an impressive double-digit rally in the past 30 days, recently climbing to $125—a level not tested since March 2025. This bullish run is fueled by speculation surrounding a potential LTC ETF and recent corporate accumulation of Litecoin by MEI Pharma.

Adding to its bullish fundamentals, CoinGate data reveals Litecoin is now the second-most used crypto for payments, holding 14.5% market share—a strong sign of real-world adoption.

Currently trading around $122.47 with intraday highs of $129.16, LTC is inching closer to the crucial resistance zone of $130–$136. The RSI sits at 70.28, signaling overbought conditions, yet healthy buying volume suggests strong accumulation. The MACD also shows a bullish crossover, further reinforcing upward momentum.

Historically, $136 has been a major resistance level. If LTC can sustain volume and close above $136, it could confirm a breakout toward new 2025 highs. However, failure to hold above $116 may trigger a pullback to $107 or $104.

With market sentiment turning bullish and Litecoin’s utility growing, all eyes are now on whether LTC can break the $136 psychological barrier.

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Ethereum Drops 6% to $3,630 After Rally – Will $4K Break or Trigger a Correction?

Ethereum (ETH) has dropped 6% in 24 hours, falling to around $3,630, according to CoinMarketCap. The decline follows a powerful 50% rally in July, Ethereum’s strongest monthly performance in three years. Traders had expected continued momentum, fueled by spot ETH ETF inflows and growing corporate reserves, but the $4,000 resistance proved too strong.

ETF holdings grew to $21.85 billion, and institutional reserves passed $10 billion, yet market sentiment flipped bearish near a key supply zone above $3,800. Crypto analyst Crypto Fella points out that ETH broke several resistance levels from $2,600 to $3,500, but the $4K mark remains a crucial barrier.

If ETH fails to break above $4,000, it could slide back to the $3,300–$3,500 range. However, holding above $2,900 keeps the bullish structure intact.

Analyst Merlijn The Trader sees similarities with Ethereum’s 2021 bull cycle, predicting a potential breakout toward $8,000–$11,000 if the pattern repeats. The market is at a tipping point—a breakout could trigger a mega rally, while rejection may spark a short-term correction.

With ETFs expanding and institutional demand rising, Ethereum’s next move could define the rest of 2025.

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Indonesia Considers Bitcoin for National Reserves Amid Surging Crypto Growth

Indonesia may soon become the first Asian nation to incorporate Bitcoin into its national financial reserves, following a high-level discussion between Bitcoin Indonesia and officials from Vice President Gibran Rakabuming Raka’s office. The proposal aims to support long-term financial stability and strengthen the country’s role in digital asset adoption.

The conversation included bold projections of Bitcoin reaching $13M–$49M by 2045, and focused on sustainable Bitcoin mining as a way to contribute to national reserves using Indonesia’s abundant renewable energy sources like geothermal and hydroelectric power.

Education is also a key part of the plan. Officials emphasized the need for national Bitcoin literacy programs and highlighted job creation potential in renewable-powered mining facilities.

Indonesia is already a rising crypto hub, with over $40B in annual crypto transactions and more than 20 million users on licensed platforms—outnumbering stock market participants. In 2024, crypto tax revenues jumped 181%, hitting 620 billion rupiahs (~$38M).

The government recently hiked crypto exchange taxes, signaling growing regulatory involvement. If adopted, this Bitcoin reserve plan could set a precedent for other emerging economies looking to balance sustainability with decentralized finance.

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Bybit Revamps Mobile App with ‘IMakeIt’ Rebrand, Adds AI & Lite Features for All Users

Bybit, the world’s second-largest crypto exchange by trading volume, has rolled out a major update to its mobile app as part of its ‘IMakeIt’ rebranding initiative. The refresh includes a high-contrast interface, simplified icons, and smoother navigation—designed to align with the company’s mission: “I Make It Possible.”

Key additions include Bybit Lite, a beginner-friendly mode offering one-click trading for major cryptocurrencies and step-by-step guidance. Meanwhile, Pro Mode caters to advanced traders with improved access to Spot, Derivatives, and TradFi markets, enhanced by tools like copy trading, AI strategy suggestions via ChatGPT, custom dashboards, and trading bots.

The revamped My Page and Bybit Earn sections give users better control over assets, including clear visibility between idle and invested funds. The Usage History tool helps track past platform activity, and Earn now includes three distinct options: Easy Earn, On-Chain Earn, and Advanced Earn.

The update also enhances order tracking, introduces Batch Redeem, and improves overall personalization—creating a seamless experience across skill levels.

This mobile upgrade marks a key milestone in Bybit’s effort to empower the next billion crypto users through smarter, more accessible tools.

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Bitcoin Elliott Wave Analysis Suggests Rally to $140K Before 2026 Bear Market

Bitcoin may still have room to rally before a significant downturn, according to John Glover, CIO at crypto firm Ledn, who believes the asset is currently in the third wave (wave iii) of a classic five-wave Elliott pattern. Despite a recent 4% dip, pushing BTC below $112,000, Glover expects the correction to be short-lived and part of a “typical retracement.”

According to Glover, long-term holders took profits near the $120,000 mark, leading to the recent pullback—echoed by similar drops in crypto stocks like MicroStrategy and Coinbase. However, momentum remains intact.

Glover predicts Bitcoin will reach $130,000 in the coming weeks, possibly dip back to $110,000, and then surge toward a cycle peak of $140,000 by the end of 2025.

The Elliott Wave Theory, which uses psychological patterns to map market cycles, indicates that BTC is still mid-rally. After wave v, Glover anticipates a new bear market starting in 2026, rejecting sky-high $250K+ predictions.

This technical outlook adds a structured narrative to Bitcoin’s price movement, aligning long-term strategy with psychological market cycles.

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Coinbase Plans $2 Billion Convertible Note Offering Amid Mixed Q2 Results

U.S.-based crypto exchange Coinbase has unveiled plans to raise $2 billion through a private offering of convertible senior notes, split equally across two tranches maturing in 2029 and 2032. According to the SEC filing, the notes will be senior, unsecured, and carry interest payable semi-annually.

The proceeds will cover capped call transactions, bolster operating expenses, and support strategic acquisitions in products, technologies, and companies. Additionally, it may grant participants up to $300 million in principal from its 2023 and 2032 note pools.

The move follows a successful capital-raising playbook pioneered by MicroStrategy, which raised over $8.1 billion using similar instruments. Convertible notes offer debt that can later convert into equity—often with valuation caps and investor discounts, making them appealing during expansion phases.

The announcement comes after Coinbase’s Q2 earnings, which revealed a 3.4% YoY revenue increase to $1.5 billion, but a steep drop in EPS to $0.12. Transaction revenue fell, reflecting lower market volatility and trading volumes, while operating expenses increased. Despite these challenges, gains from Coinbase’s Circle stake and crypto portfolio offered a silver lining.

This fundraise could position Coinbase for long-term growth as market conditions evolve.

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Cardano Just Gave IOG $71M in ADA — Community-Backed Upgrades Are Coming

Cardano’s core development team, Input Output Global (IOG), has secured 96 million ADA (worth ~$71M) following a landmark community vote—marking the first time Cardano’s treasury has been tapped through direct democratic governance. The funding, approved by 74% of voters, will be distributed based on milestone completion and overseen by Intersect, a member-led governance body.

IOG must provide monthly progress reports, detailed timesheets, and quarterly budget updates. Smart contracts and an oversight committee will ensure full transparency and accountability. Key upgrades include enhancements to Hydra (Cardano’s scalability layer), modular redesigns via Project Acropolis, improved RAM and cost efficiency for stake pool operators, and expanded smart contract capabilities for interoperability.

The vote wasn’t without criticism—some community members questioned the size of the request and pushed for more granular, phased proposals. A rival proposal by Cardano’s Technical Steering Committee was rejected.

Cardano joins Ethereum and Solana in rolling out major 2025 upgrades, with the ecosystem striving to remain competitive and developer-friendly. Meanwhile, founder Charles Hoskinson has promised to livestream an upcoming audit of IOG’s ADA holdings, following accusations of past mismanagement—claims he denies. The upgrade plan and audit signal a pivotal chapter for Cardano’s transparency and growth.

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Bitcoin Price Prediction: BTC Coils Below $114K As $127T Liquidity Swells

Bitcoin Just Vibes at $114K While $127 Trillion Swells — And $HYPER Might Be the Real Play

Bitcoin’s doing its usual pre-move chill thing, hovering around $114K, up just 0.56% in the last 24 hours. But the real story? Global liquidity is THICCCC rn — we’re talking $127.3 TRILLION sloshing around the system.

Basically, the world is flush with capital, and BTC is sitting there like, “Y’all know where to park your bags.”

Liquidity Party: Everyone’s Invited

Unlike past cycles, it’s not just the U.S. Federal Reserve throwing money around. Central banks from Asia to the Middle East are expanding balance sheets like they’re in a spending competition.

BTC historically loves this energy. The more fiat that floods in, the more non-sovereign digital assets like Bitcoin look attractive. Especially after the trust crash of 2023 — people aren’t exactly vibing with banks anymore.

BTC Chart Talk: Calm Before the Pump?

Bitcoin’s stuck in a symmetrical triangle on the 2-hour chart — basically, price is coiling tight between rising support and descending resistance. This setup screams, “Big move soon.”

Key Levels:

Resistance: $114,940 → if BTC breaks this, hello $116,912 and maybe even $118,878
Support: $112,043, then $110,065 if things go south

RSI? Neutral but leaning bullish.
Volume? Quiet — too quiet.

In short: the market’s waiting for a spark.

Can BTC Really Flip the Financial System Tho?

Here’s the deal: if trust in fiat keeps dropping and BTC keeps gaining clout, it’s not wild to imagine a future where Bitcoin becomes the new safe haven.

Spot ETFs, macro rate cuts, and global crypto sentiment are the three final bosses to watch. If they fall in line — bull mode unlocked.

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