Latest Crypto News and Market Updates – August 11

1. Crypto-Linked Stocks Rally

BMNR +12%, SBET +8%. Shares of Circle, Robinhood, and Strategy each rose about 2%.

2. ZORA Hits All-Time High

ZORA jumped 11% in 24 hours to $0.12, buoyed by ongoing hype around Coinbase and Base.

3. Major M&A Deal Looms In LayerZero Ecosystem

LayerZero Foundation proposed a $110M acquisition of the Stargate bridge; STG would be sunset, with holders able to swap to ZRO.

4. Early Signs Of Altseason?

Bitcoin dominance slid to 60.5%. Many altcoins gained 15.44% week over week.

5. Rate Cut Expectations Build

CME FedWatch shows an 88.4% chance the Fed cuts 25 bps in September.

6. Crypto-Related Kidnapping Warning

A senior figure revealed: at least one Bitcoin user is kidnapped weekly; attacks surge during bull markets.

7. “Whale” James Wynn Nosedives

Over-leveraging and emotions led to a $100M loss. Once up $3M unrealized, now wiped out.

8. JD Steps Into Web3

JD is hiring an “On-Chain Stablecoin Operations Strategist.” Requirement: 3+ years in Web3 growth ops or blockchain marketing.

9. Macro Data-Heavy Week Ahead

CPI, PPI, and a reportedly “crypto-friendly” new Fed member could sway market sentiment and direction.

10. AI-Powered Market Take

Bitcoin is testing the $117,000–$119,000 resistance zone. Whale long/short positioning is flipping quickly; flows are active while bulls and bears remain split. Base case: a short-term rise followed by a pullback. Institutions focus on BTC and ETH; sentiment is “optimistic but cautious.”