The crypto market remains under pressure as Bitcoin slipped below $115,000, testing key support levels and dragging sentiment lower. Ethereum also fell under $4,200, fueling a wave of volatility that led to more than $400 million in liquidations over the past 24 hours. As some believe Bitcoin may revisit $112K, others see this as a chance to accumulate specific altcoins like Chainlink (LINK). Whale 0x4EBD recently withdrew another 249,808 LINK ($6M) from Binance about 35 minutes ago, bringing his total withdrawals to 1,293,757 LINK ($31.15M) over the past four days making LINK one of the best of the altcoins to buy right now.
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ETF flows reflected the cautious mood. On August 18, Ethereum spot ETFs recorded $197 million in net outflows, the second-largest in history. Bitcoin spot ETFs also struggled with $122 million in total net outflows, though Bitwise’s BITB was the only one to register net inflows.
Despite the broader pullback, XRP reclaimed the $3 mark, showing relative strength compared to majors. With Bitcoin dominance still high, traders are watching for signals of rotation into promising altcoins.
While volatility is shaking weaker hands, accumulation in projects like LINK highlights how selective altcoins could outperform once stability returns.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
Bitcoin and Ethereum ETFs recorded significant outflows on August 19, highlighting continued investor caution. Bitcoin ETFs saw net outflows of 1,717 BTC (≈$197.19M). Grayscale’s GBTC led with 722 BTC withdrawn (≈$82.87M), leaving it with 179,855 BTC (≈$20.66B). Ethereum ETFs faced even larger redemptions, with 63,778 ETH (≈$272.71M) exiting. Grayscale’s ETHE reported 23,427 ETH (≈$100.17M) in outflows, reducing holdings to 1,107,989 ETH (≈$4.74B). Tether, the world’s largest stablecoin issuer, has appointed Bo Hines, former Executive Director of the White House Crypto Council, as Strategic Advisor for Digital Assets and U.S. Strategy. Hines will help shape Tether’s regulatory and policy engagement in the United States, a key market for stablecoin adoption. With experience in both government and crypto policy, his role will focus on strengthening Tether’s position amid growing U.S. regulatory scrutiny. The South Korean Financial Services Commission (FSC) has ordered Korean crypto exchanges to stop lending with immediate effect. This move comes in as the financial authority attempts to control some of the risky lending practices in its digital asset sector. On 19 August 2025, the financial regulatory body confirmed this news and formally issued administrative guidance requiring crypto exchanges to cease all lending operations involving fiat or crypto collateral. The guidance will remain in effect till a framework is in place. The U.S. Securities and Exchange Commission (SEC) has once again kicked key crypto ETF applications into the long grass, delaying a slate of high-profile filings until October – in a deja vu moment for SEC crypto timelines. In notices filed August 18, the regulator extended review deadlines for NYSE Arca’s Truth Social Bitcoin-Ethereum ETF to October 8, for 21Shares’ and Bitwise’s Solana funds to October 16, and for the 21Shares Core XRP Trust to October 19. Are political fears holding back Trump’s crypto ETF?Aug 19 Crypto ETF Update: Outflows Hit Bitcoin and Ethereum Funds
Tether Appoints Former White House Crypto Council Executive Bo Hines as Strategic Advisor
South Korean Crypto Exchanges To Stop Lending With Immediate Effect
Deja Vu? SEC Kicks Solana, XRP, Truth Social Crypto ETFs Into Long Grass
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