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In a dramatic shift within the cryptocurrency market, Shiba Inu has edged ahead of Avalanche, now holding a market valuation of $7.9 billion compared to Avalanche’s $7.8 billion. This rise in Shiba Inu's valuation comes despite a sharp downturn in the cryptocurrency market earlier today.

In a recent interview with streamer and influencer Adin Ross, former President Donald Trump warned the current administration against selling the United States' Bitcoin holdings.

Capula, a UK-based hedge fund managing over $30 billion in assets, has made significant moves in the cryptocurrency space by acquiring shares in two major Bitcoin ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT).

South Korean authorities are probing a dramatic price surge of the altcoin AVAIL on the Bithumb exchange, suspecting price manipulation under the newly implemented Virtual Asset User Protection Act. This act, which came into force on July 18, empowers regulators to investigate suspected cases of market manipulation within the country’s registered crypto exchanges.

On August 5, the United States Bitcoin and Ether ETFs saw a significant surge in trading volume, reaching nearly $6 billion amidst a turbulent market. Data from CoinGlass reveals that spot Bitcoin ETFs recorded a staggering $5.24 billion in daily trading volume, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over half of this amount.

Bitcoin investors were jolted awake this Monday as the cryptocurrency experienced a dramatic 15% drop, with its price crashing to approximately $51,500. This sharp decline follows a troubling trend that has seen Bitcoin lose over 26% of its value in just one week, down from around $70,000 on July 29.