Crypto Market Rebounds As OKB Leads Gainers, SOL, ETH Surge

The cryptocurrency market is roaring back to life, with OKB leading the charge after soaring more than 136% in the past 24 hours.

Solana, Ethereum, and Dogecoin also posted impressive gains as bullish momentum envelopes the sector.

OKB surged from $44.50 to $107.86 in just 24 hours after a major token burn slashed its circulating supply by 52%.

Solana (SOL) jumped 13.6% to $201.8 on strong DeFi growth and rising institutional demand, while Ethereum (ETH) climbed 6.9% to $4,703.91, nearing its all-time high on bullish momentum.

Dogecoin (DOGE) also gained 9.1% to $0.2459, fueled by a “golden cross” chart pattern often seen as a signal for further price gains.

Bitcoin Nears $122K As XRP Rallies

Bitcoin (BTC) also rallied, reclaiming the $122,190 mark briefly today, before falling back to $121,053 to trade up 1.3% in the last day.

The push higher comes after lower-than-expected July CPI in the US boosted the probability of an interest rate cut to 93.9% next month, according to the CME FedWatch Tool.

Treasury Secretary Scott Bessent called for a 50 basis point cut next month, further boosting market sentiment. 

XRP rose 4.2% to $3.29 and Shiba Inu (SHIB) went on a tear, jumping 11.8% to $0.000028.

DeFi And NFTs Surge As Macro Tailwinds Fuel Crypto Frenzy

DeFi tokens are also surging as the Uniswap price jumped 10% to $12.11, thanks to exploding trading volumes on decentralized exchanges (DEXs). Data from DefiLlama shows DEX volume across all chains more than doubled from $10.17 billion on August 3 to $20.723 billion on August 12.

Chainlink (LINK) surged 7.8% to $23.86 as more projects use its data feeds for real-world integrations. 

On the NFT and gaming side, Axie Infinity (AXS) rose 8% to $2.6, riding a wave of play-to-earn hype amid broader market euphoria. Even layer-2 solutions like POL (ex-MATIC) are in on the action, up 4.7% to $0.25, as scalability becomes the name of the game with Ethereum’s upgrades.

Surging ETH ETF Inflows And Bullish IPO

Crypto ETF inflows are also surging. Spot Ethereum ETFs hit $523.92 million yesterday, led by BlackRock’s monster $318.67 million haul, marking 14 straight weeks of green, according to data from Soso Value.

That pushed cumulative ETH ETF inflows past $20.6 billion.

Meanwhile, digital asset exchange Bullish (NYSE: BLSH), the parent of CoinDesk, just priced its NYSE debut at $37 a share, above the expected range, raising over $1.1 billion and valuing the company at $5.41 billion.

The Running of The Bullish 🤘 Watch this space as @Bullish, the digital asset exchange, goes public on NYSE$BLSH | @CoinDesk | @ThomasFarley pic.twitter.com/NZINQYPLh5

— NYSE 🏛 (@NYSE) August 13, 2025

Despite a Q1 loss, the platform handled $250 billion in trades last year, up from $115 billion in 2023.

All this comes as the total crypto market cap blasts past $4.19 trillion to a new all-time high, overtaking Apple’s valuation in the process. 

The prospect of rate cuts is injecting rocket fuel into the crypto market as the prospect of cheaper borrowing boosts investor sentiment.

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