On August 14, 2025, the cryptocurrency market showcased its dynamism with Bitcoin reaching a new high and Ether garnering significant investments through ETFs. Additionally, Coinbase faced a technical issue leading to a fund loss.
Bitcoin Hits Record High of $124,000
Bitcoin reached a new all-time high, surpassing $124,000. This surge occurred amid expectations of Federal Reserve rate cuts in September and the opening of new possibilities for cryptocurrencies in 401(k) retirement plans. If the price breaks the $125,000 barrier, traders anticipate a rapid ascent toward $150,000.
Ether ETFs Attract Record Investments
In the U.S. market, Ether ETFs recorded a historic inflow of $729.1 million in a single day, marking the second-largest result ever. BlackRock (ETHA) and Fidelity (FETH) led the investment influx. Ether ETF flows have outpaced Bitcoin ETFs for three consecutive days.
Coinbase Loses Funds Due to MEV Bots
Coinbase reported a loss of approximately $300,000 due to MEV bot attacks triggered by misconfigured token approvals. The issue relates to a 'swapper' contract. A Coinbase representative confirmed that the issue was contained and allowances were revoked to ensure customer funds remained safe.
The cryptocurrency market continues to demonstrate its activity, setting new records and creating financial opportunities for investors. At the same time, companies in this field face challenges that require enhanced security and reliability measures.
