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Breaking ! Bitcoin Collapse?: 5 Reasons BTC’s Dip to $113K Has Traders Worried

Bitcoin has seen a bit of drama today. After bouncing near $114K, BTC dipped below that level to hover around $113,000‑$113,600 as macro fears and ETF outflows hit sentiment.

What’s Going On With Bitcoin Today

The drama kicked off after the Federal Reserve held interest rates steady, triggering risk-off vibes across markets. Crypto felt it too—BTC slid about 0.5% on Coinbase, landing near $113,400, while altcoins took even bigger hits.

Coinpedia reports that long-term holders are locking in profits, with over 70,000 BTC sold at a loss by short-term traders, amplifying the correction. Analysts are watching the $112K–$108K range closely—this is where BTC needs to hold or risk a deeper retracement. A slide toward $103K could be next if support breaks.

Still, the situation isn’t dire. Historical patterns show Bitcoin often retreats before rallying again. Macro uncertainty is acting as a short-term drag, but long-term narratives like ETF momentum and institutional interest remain intact.

TL;DR: BTC’s feeling weak today below $114K, but the real question is whether $112K holds. If it does, we could bounce. If it doesn’t—greater volatility ahead.

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Breaking ! Ethereum Transactions Surge 70% as Network Hits 18-Month High

Ethereum’s Back: Daily Transactions Soar as DeFi Gets Lit Again

ETH is heating up again. The OG smart contract platform just clocked a 70% month-over-month spike in network transactions, according to Etherscan. This activity explosion comes alongside a price pump ETH went from $1,800 in April to nearly $3,915 in July. That’s a 120% gain, btw.

Average daily Ethereum transactions were around 1 million back in January 2025. Fast-forward to July, and that number hit 1.82 million per day the highest since early 2024. The trend? 🔼 Definitely up.

Why ETH Activity Is Going Crazy Right Now

So what’s driving the hype? A few things:

DeFi’s back, thanks to clearer crypto regs especially around stablecoins.
Institutional FOMO is real. Firms like BitMine, SharpLink, and The Ether Machine are now holding over $10B in ETH reserves. Big wallets = big moves.

Still, Ethereum’s not topping the charts just yet. According to Artemis, Hyperliquid L1 is crushing it with 847 million daily transactions (yeah, million). Internet Protocol and Solana are second and third, while Ethereum is currently ranked 18th. Ouch.

Other next-gen chains like Sei, Near, Sui, and Aptos and even L2s like Base and Arbitrum are pushing Ethereum to level up or get left behind.

But with ETH back on the radar, expect more fire ahead.

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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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Breaking ! CrediX Hacker Returns $4.5M After Deal Users to Get Airdrop Refunds

CrediX Just Pulled Off a $4.5M Comeback After Getting Hacked

On August 4, 2025, CrediX got wrecked—$4.5 million gone after a hacker grabbed admin access and drained the protocol. But plot twist: the hacker is giving the money back.

Yup, CrediX made a private deal to recover the stolen crypto. In a post on X, the platform confirmed the attacker agreed to return the full $4.5M within 24–48 hours in exchange for an undisclosed payment (yeah, they definitely paid a little ransom). Once the funds are in, CrediX promised to airdrop refunds straight to user wallets within two days. That’s a win for the community.

Here’s how it happened: the hacker got access to a high-permission admin wallet. Using it, they created a fake account with full bridge privileges—basically god mode. They minted tokens, borrowed real assets, and vanished.

The drama went down just as crypto hacks are spiking. In July 2025 alone, hackers stole $142M across 17 exploits—a 27% jump from June. Major platforms like CoinDCX, GMX, and Bybit also got hit.

It’s move to negotiate might raise some eyebrows, but at least they’re getting user funds back. Not every protocol can say that.

For now, if you’re a CrediX user—hold tight and check your wallet. Refunds are on the way.

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Breaking ! Smart Money: 4 Game-Changing Tools to Track in Crypto

Smart Money: CryptoQuant Just Dropped 4 Tools to Track the Big Players

CryptoQuant’s latest launch is giving traders a serious edge. The platform just rolled out four new on-chain tools that basically give you a sixth sense for tracking smart money movements and retail vibes in the crypto space.

Let’s break it down. First, there’s Average Order Size—this tool literally spotted huge whale buys in $HYPE at $11. Now it’s sitting at $39. That’s insane alpha if you caught it early. It shows where big players are quietly stacking.

Then there’s Retail Trading Frequency, which shows how often altcoins are being flipped. With tokens like $GALA, every spike in frequency matched price pumps—aka retail FOMO in action.

Smart Money Tracking Made Visual

Enter the Volume Bubble Map. It turns trading volume into color-coded bubbles. If you see cooling colors? That usually means prices are about to pop off. It’s like watching the calm before a storm.

Last up is the Futures Taker CVD—this one’s deep. It compares market buys vs. sells over 3 months. If it trends up, buyers are in control. Down? Sellers are dumping. Either way, it helps you time the vibe shift.

These tools aren’t just dashboards—they’re decision weapons. Together, they let traders align whale strategy with retail behavior. And in this market? That’s how you stay one step ahead.

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Breaking Bitcoin Forecast: Why $140K Could Be Coming in 2025, According to a Top Analyst

Bitcoin Forecast Points to $140K Peak in 2025

What does Bitcoin Forecast say as of August 4 ? Despite a recent 4% dip in price, Bitcoin’s not done yet at least according to John Glover, the CIO at crypto lender Ledn. He’s riding with Elliott Wave theory and says we’re still in the middle of a bullish wave, with BTC on track to hit $140K by the end of 2025.

Yep, even with prices dipping below $112K recently, Glover isn’t sweating it. He claims we’re in Wave iii of a classic five-wave pattern, and this one’s far from over. The dip? Just a breather. Long-term holders took some profits near $120K, and now the market’s regrouping for a bigger push.

Bitcoin Forecast: Why the Dip Doesn’t Matter (Much)

Glover says this latest pullback is “textbook retracement” a chill moment before the next big move. In fact, he expects Bitcoin to tag $130K within a few weeks. After that, a tiny correction to $110K, and then the climb to $140K could begin.

But don’t get too hyped. Glover thinks that once we top out near $140K, the bears will take over in 2026. “We’ll hear people screaming for $250K or $500K, but that’s not my call,” he added.

For now, the Elliott Wave theory is calling the shots. If it plays out, we could see a major new ATH before the cycle flips.

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Credix Hack Wipes $4.5M: Inside the DeFi Admin Breach That No One Saw Coming

Credix Hack Exposes Major Admin Lapse

DeFi just took another L. Lending protocol Credix got hit with a $4.5 million exploit—and the worst part? The hacker had been chilling with admin access for six days before striking. That’s not just a hack. That’s a full-on inside job move.

Security crew SlowMist caught the action when they noticed weird behavior in the Credix multisig. Digging deeper, they found the attacker had somehow been added as both a multisig admin and bridge controller through ACLManager—a big oof for the dev team. With that access, the attacker minted fake collateral, borrowed real assets, and drained the pool like it was a clearance sale.

Credix Hack: Tornado Funded, Ethereum Routed

On-chain sleuths at Cyvers tracked the wallet back to Tornado Cash, the crypto privacy tool that’s basically a red flag in DeFi. After the grab, most of the stolen funds got shuffled over to Ethereum, making recovery that much harder.

The Credix team has since pulled their site offline—no new deposits, no official updates, and no word on whether users will get their funds back. Not the best look, especially after they locked in a $60M credit facility last year to scale.

The lesson from this Credix Hack? Weak admin controls are like leaving your vault wide open with a neon sign saying “Free Cash.” Until there’s clarity, users should revoke all approvals and avoid interacting with the protocol.

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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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