Bitcoin and Cryptocurrency News Today: BTC and ETH Continue to Grow, Ethena Sales Reach $11.9 Billion
Markets Today: Bitcoin and Ethereum Continue to Rise as Ethena Reaches $11.9 Billion TVL and Pudgy Penguins Enter Formula 1
Futures positioning sees profit taking in BTC and ETH amid falling open interest, while DeFi protocol Ethena joins investors with $10 billion in total volume and meme token PENGU secures an early presence at the Singapore Grand Prix.
Shaurya Malwa, Omkar Godbole | Edited by Sheldon Reback on August 12, 2025, 10:23 AM
What you should know:
- The global cryptocurrency market capitalization rose 2% to $4.03 trillion, while the prices of Bitcoin and Ethereum increased.
- Open interest in key token futures has declined, indicating capital outflows and price declines caused by the unwinding of long positions.
- Ethena's TVL has reached over $11.89 billion, confirming the growing interest in non-staking DeFi models.
In this article
BTC $119,416.74 ◢ 0.31%
The global cryptocurrency market capitalization has increased by 2% in the last 24 hours, reaching US$4.03 trillion amid growth in key cryptocurrencies.
Bitcoin The price of rose by 2.3% to $118,527, Ether increased by 0.7% to $4,293. Solana and XRP increased by 4.4%, and Dogecoin by 4.7%.
The rally came amid significant short liquidation and improved risk sentiment after a relatively calm macroeconomic period.
Positioning of derivative instruments
