Crypto News: Today Top Stories, Major Updates & Market Highlights

Crypto Market Today: Key Moves, Updates, and Top Highlights

What happened in crypto today? Key Highlights.

Crypto traders are feeling confident today as according to the data of Alternativeme the Fear and Greed index is showing a score of 75 which is showing a strong Greed in the virtual asset market. 

Yesterday it was 73 and last week it was 62. That clearly shows that the investors' optimism has been steadily high. This suggests that people are actively buying and driving positive market momentum. 

Source: Alternativeme

On the other hand, Bitcoin has again broken his record by reaching its all-time high value of $124,210.62 today. Ethereum ETFs also took the lead, hitting its daily net inflow of $729 million which is a second-biggest record of the asset. 

Crypto Highlights You Can’t Miss Today

SpaceX Bitcoin Holdings Top $1B in Long-Term Strategy

SpaceX has quietly become a Bitcoin powerhouse and holding 8,285 BTC which is worth over $1 billion today. The firm started buying in late 2020 and made its last purchase in June 2022, never selling since.

Source: Arkham

This long-term approach of the firm shows the power of patience as  an initial $248 million investment has grown more than four times. By staying committed to Bitcoin, SpaceX joins other major corporate holders, proving that strategic and long-term investments can create massive value over time.

Bitcoin Soars to $124K– Could $130K Be Next?

Bitcoin touched a new all-time high at $124K on August 14 and fueled by softer inflation data and strong support levels. The big players like Strategy and El Salvador continue accumulating BTC and boosting market confidence as well as their BTC treasuries too.

Source: CoinMarketCap

If you see in the past 24 hours around $417M worth of virtual asset was liquidated, mainly from shorts. Analysts say if Bitcoin crosses $125K then it could aim for $130K.

While key supports at $118K and $110K will decide if a correction hits. Market watchers are closely tracking these levels.

Trump Jr.-Backed Thumzup Raises $50M for decentralised Plans

Thumzup Media which is backed by President Donald Trump Jr. It has secured $50 million to strengthen its crypto ambitions. The firm is shifting focus from social media marketing to large-scale Bitcoin mining and digital asset investments. 

Source: Yahoo finance 

With advanced mining infrastructure planned and a $250 million treasury in the works. Thumzup aims to expand holdings in BTC, ETH, XRP, and more. The stock has already seen a 6% rise that reflects investor confidence.

The strategic partnerships, like with the Coinbase Prime, reinforce its commitment to building a robust, revenue-generating digital asset portfolio, positioning Thumzup as a growing force in crypto.

Cathie Wood’s Ark Invest Pours $172M After Hot IPO

Cathie Wood’s Ark Invest made a bold $172M move by buying over 2.5 million shares of Bullish (BLSH) right after its IPO. Split across three ETFs, the investment shows confidence in the crypto exchange’s future. 

Source: X

The bullish stock opened high but closed at $68 and still above its IPO price. While the bet highlights Ark’s focus on innovation and crypto and the risks remain due to volatile markets and unpredictable post-IPO performance.

Trump Coin ETF Launch Sends TRUMP Price Up

Canary Capital has filed for a Trump Coin ETF that is aiming to track the Solana-based TRUMP meme token. Following the news TRUMP has surged about 9% over the past week by hitting a weekly high of $10.18. 

The ETF filing is a move towards introducing the first Trump Coin fund under the US regulations and also mirrors the growing interest in memecoins.

It has increased trading volume and investor’s attention which  signals the potential mainstream adoption for such tokens.

Conclusion

Today’s crypto and stock market moves are showing strong momentum that is offering the investors fresh opportunities and confidence for the future growth.