The crypto market experiences a historic upswing with notable gains in Solana, XRP, Filecoin, and Bitcoin. The rally is fueled by institutional inflows, ETF records, and bullish technical signals. Ethereum also attracts strong investments, while the Trump family makes a bold move with their digital currency.
Solana (SOL) Breaks USD 200, Driven by DeFi Growth and Institutional Interest
Solana leads the rally with a 14% surge, trading above USD 200. The expansion of its DeFi ecosystem and institutional backing pushed its Total Value Locked (TVL) to a three-year high. In dollar terms, TVL exceeds USD 11 billion. Additionally, Solana’s decentralized exchanges (DEXs) have outperformed Ethereum for ten consecutive months.
XRP Eyes New Highs with Strong Derivatives Activity
XRP shows bullish technical momentum. Open interest in futures rose 20% in 24 hours and 24% over the past ten days, signaling fresh institutional capital entering the market. Intraday prices reached USD 3.31, with technical projections pointing toward a potential rise to USD 6, supported by a “bull flag” pattern.
Filecoin (FIL) Gains 4% Amid Institutional Accumulation
Filecoin joins the rally with a 4% gain, backed by strong trading volume and clear signs of institutional accumulation.
Bitcoin (BTC) Hits New All-Time High on Fed Policy Expectations
Bitcoin reached a new all-time high, driven by growing expectations of a more accommodative monetary policy from the U.S. Federal Reserve, reinforcing its appeal as a safe-haven asset.
Ethereum (ETH) Sees Massive Inflows via Spot ETFs
Ethereum spot ETFs recorded net inflows of USD 523.9 million on August 12, totaling USD 2.33 billion over the previous six days. This reflects strong institutional adoption and long-term confidence in ETH.
Trump’s Digital Currency Gets USD 1.5 Billion Boost
World Liberty Financial, a crypto firm launched by the Trump family in 2024, announced a historic USD 1.5 billion investment to acquire large amounts of its own digital currency. The goal: to “democratize” finance. The announcement was reported by The New York Times on August 13.
