Cryptocurrency
Crypto Sector Turns Against SEC Chief Gary Gensler

In the US crypto sector, few figures are as hated as Gary Gensler has become in the past week. And the Chairman of the Securities and Exchange Commission (SEC) has quickly become crypto’s public enemy number one.
Not since Sam Bankman-Fried’s spectacular fall from grace has anyone elicited so much vitriol among the less censored corners of the crypto sphere. And even among crypto firms’ carefully worded statements, a deep resentment can be found just below the surface.
David Sacks Accuses Gensler of Exceeding His Authority
One of the high-profile voices criticizing Gensler this week has been David Sacks.
During an episode of the All-In Podcast on Saturday, the tech entrepreneur of Paypal Mafia fame had some strong words for the SEC Chairman.
Commenting on the SEC’s recent legal actions against Coinbase, Sacks argued that there are no consumer protection issues at stake as there may have been had the commission targeted FTX earlier.
Because “Coinbase has essentially done everything right,” he contends that “what Gensler and the SEC are saying is that it is not legal to operate a crypto exchange in the United States.”
He added that he thinks only Congress has the power to impose such sweeping restrictions. As such, Gary Gensler is “far exceeding his authority” in effectively curtailing the ability of U.S. citizens to trade cryptocurrencies. “It is not up to the chairman of the SEC to say that Americans should not be holding crypto,” Sacks emphasized.
Gensler-Warren “Alliance” Out to Destroy US Crypto Sector
Sacks’ opinion that the SEC’s recent actions risk seriously undermining U.S. citizens’ ability to purchase crypto broadly chimes with industry-wide criticisms. But his next statements take on a more conspiratorial undertone.
“The scuttlebutt is that [Gensler] has an alliance with Elizabeth Warren, and the rumor is that she will make him Treasury Secretary if he basically destroys crypto in the U.S.” he alleged.
To be clear, there is no evidence to suggest that Elizabeth Warren and Gary Gensler are in any sort of cahoots to bring down the U.S. crypto sector. Nor that there is a backroom deal between the two. Nevertheless, Sacks’ comments resonate with widespread suspicion of Senator Warren among crypto advocates.
The democratic politician has frequently positioned herself as a crypto hawk. And she has often called for greater oversight of exchanges and enhanced protections for retail investors.
She has previously pushed for regulation that would hand the SEC enhanced powers to oversee the crypto space. And in March, Warren introduced legislation that would ban crypto mixers and impose limits on the use of crypto ATMs.
SEC Crackdown Risks Sending Crypto Business Overseas
David Sacks’ choice of phrasing could be considered bombastic. But there is certainly evidence to suggest crypto firms are already turning their backs on the U.S. market.
In the space of a week, major exchanges like Robinhood have delisted the tokens classified as securities by the SEC. While the U.S. arm of Binance has been forced to suspend USD withdrawals and deposits entirely.
And to make matters worse, outside of the United States, politicians are moving to poach exiled crypto businesses.
For example, on Saturday, one Hong Kong lawmaker openly invited Coinbase to relocate to an Asian city. Alluding to Hong Kong’s recently launched licensing regime for crypto firms, Johnny Ng said:
“I hereby offer an invitation to welcome all global virtual asset trading operators including @coinbase to come to HK for application of official trading platforms and further development plans. Please feel free to approach me and I am happy to provide any assistance.”
Experienced traders will no doubt find a way to continue buying and selling crypto despite the latest difficulties. But if the SEC’s goal is to erect barriers to entry and make it harder for U.S. citizens to get their hands on cryptocurrencies, all signs so far suggest that it is working.
Brian Armstrong Optimistic About Future of US Crypto Sector
Coinbase is certainly an attractive target for Hong Kong’s crypto hub ambitions. But it seems likely that the American company will continue to fight on the home front.
In an interview with the Wall Street Journal, Coinbase CEO Brian Armstrong lamented the SEC’s “regulation-by-enforcement,” approach over the past year.
“I don’t feel like there’s a clear rule book. The only high-level statement they’ve made is that everything other than Bitcoin is a security,” he remarked.
Echoing Sacks’ comments on Gary Gensler, he added that if all crypto assets bar bitcoin are deemed securities, it would mean the end of the cryptocurrency industry in the U.S.
Further criticizing the SEC’s stance, Armstrong went on to state that he believes the law is on the side of the crypto sector, and that legal judgment will be needed to settle the non-security status of cryptocurrencies.
However, far from giving up, Armstrong said that Coinbase will go to court to challenge the SEC’s position and that “we’re proud to do it for the industry and America.”
Toward the end of the interview, Armstrong embraced an optimistic tone. “The U.S. is going to get to the right outcome […] even if it takes a while,” he remarked.
He went on to stress that the company also has multinational ambitions. Although it intends to carry on as the leading crypto exchange in the US. He said that he wants Coinbase to be “an American company that has a global footprint.
Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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