Latest Crypto News and Market Updates – August 12

1. BTC & ETH See Sharp Volatility
Bitcoin and Ethereum surged last night but quickly reversed, while altcoins plunged sharply. A large gap emerged between long/short positions, with low alt liquidity – signaling high risk.

2. Meme Coin Wave Returns
CLIPPY gained $27 million and SPARK surged $62 million, reclaiming 70% of the launchpad market share.

3. UNI Up 8% Thanks To DUNA Framework
Uniswap launched the DUNA Framework – a DAO legal entity enabling protocol fee collection, boosting UNI’s price momentum.

4. IP & BONK Announce Treasury Updates
Token–stock linkage hit peak hype, but price reaction was weaker than expected, showing cautious market sentiment.

5. Aave Nears ¥100 Billion In Deposits
Aave is on track to surpass Deutsche Bank’s total deposits. Rumors suggest $AAVE, $ENA, and $PENDLE are coordinating market strategies.

6. Altcoin “Good News” Risk
LISTA spiked after a proposal to burn 20% of its supply immediately, but quickly dropped – a classic “sell the news” scenario.

7. BNC Makes Massive BNB Purchase
BNC bought 200,000 $BNB worth $160 million, becoming the largest corporate holder. Funding came from 10X Capital and YZi Labs.

8. Do Kwon May Plead Guilty
Terraform Labs’ founder faces a U.S. court trial on August 12 related to the $LUNA collapse.

9. Notable IPO Coming Up
Bullish, backed by Peter Thiel, will list this Wednesday with a target valuation of $4.82 billion.

10. Fear & Greed Index At 68
Slightly down from yesterday’s 70 but still in the high “greed” zone, compared to last week’s average of 60.

11. AI Market Overview
BTC holds above the key $119,000 support, but risks overheating and correction as bulls and bears battle.
ETH remains strong thanks to steady institutional inflows, though short-term sentiment is split.
Market focus stays on the Ethereum ecosystem and altcoin strength, supported by rising U.S. equities and expectations of a Fed rate cut in September.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.