Latest Crypto News, August 11 – Bitcoin Crosses $122K, Ethereum Marks 3-Year High: Best Crypto To Buy?

Dogecoin (DOGE) is the crypto whales’ target right now, as they accumulated over $200 million worth of tokens in just 24 hours. This surge of buying pressure briefly pushed the price from $0.22 to $0.246 before pulling back slightly to around $0.227. Currently trading near $0.228, DOGE is up 13% in the last week. Could this be the best meme coin to buy this week?

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Why have South Korea’s retail investors shifted their overseas portfolios from US big tech to virtual asset-related stocks? Especially those tied to stablecoins? According to a recent report by the Korean Center for International Finance (KCIF), brought to light by the Korea Times on 11 August 2025, the shift in investor emotions is largely based on the US GENIUS Act.

Interestingly, the share of crypto related names among the top 50 net-bought overseas stocks by Koreans jumped from 8.5% in January to 36.5% in June, before easing to 31.4% in July this year.

Furthermore, net purchases of the top seven US big tech stocks fell from a monthly average of $1.68 billion (January- April) to $440 million in May, $670 million in June, and $260 million in July.

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Strategy (former MicroStrategy) has added 155 bitcoins to its holdings between August 4 and August 10, purchasing at an average price of $116,401 per coin. The total investment for this latest accumulation amounts to approximately $18 million.

As of August 11, 2025, Strategy holds a total of 628,946 BTC, acquired at an average price of $73,288 per coin. The total investment amounts to about $46.09 billion, underscoring the firm’s position as the largest corporate holder of Bitcoin.

Ethereum co-founder Vitalik Buterin recently shared his concerns about the AI industry’s push toward highly autonomous, or “agentic,” models. He argues that giving humans more control and input in AI processes leads to safer and higher-quality results.

Buterin expressed greater enthusiasm for open-weight AI models that emphasize strong editing and refinement capabilities, rather than those designed solely for autonomous creation. He believes such models allow humans to guide outputs more effectively.

Looking to the future, Buterin envisions a brain-computer interface (BCI) that can sense real-time user feedback while generating content and adjust its output accordingly. This, he suggests, would create a more interactive and responsive AI experience.

PI crypto is up 14% on a 7-day timeframe, and several technical analysis indicators have also flipped to ‘buy’ territory, leading many investors to feel like a mega breakout is imminent.

However, PI has slipped 3.5% overnight, potentially indicating that the recent bullish price action was a dead cat bounce and more downside is yet to come.

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From August 4 to August 8, spot Bitcoin ETFs brought in $247 million, with BlackRock’s IBIT leading at $189 million. Spot Ethereum ETFs attracted $327 million in the same period, extending their streak to 13 consecutive weeks of net inflows. Ethereum ETFs gained a massive $2.03 billion. Despite Bitcoin’s market cap being nearly five times larger than Ethereum’s, ETH’s recent ETF performance is drawing attention.

Bitcoin has just broken $122,000, overtaking Amazon to rank as the sixth-largest asset globally, holding a 59.8% market share.

Ethereum holders who entered at $1,300–$1,400 earlier this year are also enjoying strong gains.