Here’s a quick recap of the crypto landscape for Wednesday (August 13) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) was priced at US$120,352, up by 1.5 percent over the last 24 hours. Its lowest valuation on Wednesday was $118,319, and its highest price was US$120,417.
Bitcoin price performance, August 13, 2025.
Chart via TradingView
Meanwhile, Ethereum continues to surge as it continues its weekend rally, up by over 9 percent at US$4,692.35. Its lowest valuation on Wednesday was US$4,265.81, and its highest was US$4,699.76.
Altcoin price update
- Solana (SOL) was priced at US$201.23, up by 15.2 percent over 24 hours. Its lowest valuation for the day was US$174.20, and its highest price was US$201.58.
- XRP was trading for US$3.29, up 5.2 percent in the past 24 hours and at its highest valuation of the day. Its lowest was US$3.12.
- Sui (SUI) was trading at US$4.04, up by 11.7 percent over the past 24 hours. Its lowest valuation of the day was US$3.62 and its highest level was US$4.05.
- Cardano (ADA) was trading at US$0.8755, up by 13.5 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7682 and its highest was US$0.8828.
Today’s crypto news to know
World Liberty Financial sets up US$1.5B crypto treasury
World Liberty Financial, a digital asset venture backed by Donald Trump and his sons, has announced plans to establish a US$1.5 billion “crypto treasury” in partnership with Nasdaq-listed blockchain firm ALT5 Sigma.
Under the deal, ALT5 will sell US$1.5 billion worth of shares, half of which will be paid for in World Liberty Financial’s in-house token, $WLFI. The remaining funds will go toward purchasing $WLFI on the market, settling litigation, paying down debt, and other corporate uses.
The company says unnamed institutional investors and venture capital firms have participated in the share sale. Crypto treasury models have grown in popularity this year amid a friendlier US regulatory stance under Trump’s administration.
The project’s leadership is heavily tied to the Trump family, with Donald Trump listed as “co-founder emeritus” and Eric, Donald Jr., and Barron Trump holding co-founder titles.
As part of the arrangement, Eric Trump will join ALT5’s board and Zach Witkoff will serve as its chair.
Ethereum approaches all-time high on institutional buying surge
Ethereum (ETH) continues its weekend run, currently trading within the US$4,300–US$4,400 range and closing in on its November 2021 record high of US$4,878.
Analysts attribute the rally to strong technical momentum, reduced exchange supply, and a surge in institutional investment.
On August 8, ETH exchange-traded funds saw US$460 million in inflows, surpassing Bitcoin’s US$400 million on the same day. ETF and treasury-owned ETH holdings have risen from YS$24 billion in July to US$33 billion, driving available supply on exchanges to its lowest since 2016.
Investment firm BlackRock reportedly purchased over $12 billion worth of ETH on August 12, while Bitmine Immersion is seeking US$20 billion to acquire more, according to SEC filings.
While some analysts expect ETH to test its all-time high imminently, others caution that a pullback in September is likely.
Bullish raises US$1.1B in oversubscribed IPO
Crypto exchange operator Bullish has completed a US$1.1 billion initial public offering, pricing its 30 million shares at US$37 each and above the marketed range.
The higher pricing gives the firm a market capitalization of roughly US$5.4 billion, based on SEC filings. The IPO, which was more than 20 times oversubscribed, drew interest from major investors including BlackRock and ARK Investment, which together considered buying up to US$200 million in shares.
Bullish had previously abandoned a 2021 SPAC merger that would have valued it at US$9 billion, but has since positioned itself as an institutional-grade platform offering spot, margin, and derivatives trading.
The exchange’s largest shareholders after the offering will be co-founder and Block.one CEO Brendan Blumer with 30.1 percent, and board member Kokuei Yuan with 26.7 percent.
The IPO was led by JPMorgan, Jefferies, and Citigroup, with the company set to debut on the NYSE under the ticker BLSH.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.