XRP, the cryptocurrency tied to Ripple Labs, soared 13% in 24 hours, climbing from $0.58 to $0.66, after Ripple and the U.S. Securities and Exchange Commission (SEC) mutually dropped their appeals, ending a four-year legal saga. The resolution, announced on August 7, 2025, marks a turning point for Ripple and the broader crypto industry. The SEC sued Ripple in December …

Ukraine’s National Bank (NBU) is paving the way for cryptocurrency legalization, but don’t expect to pay for groceries with Bitcoin anytime soon. Governor Andriy Pyshnyy recently clarified that while crypto will gain legal status under a forthcoming regulatory framework, it won’t replace the hryvnia as legal tender. This move aligns Ukraine with EU standards, aiming to boost innovation while ensuring …

JPMorgan Chase has named Kara Kennedy as the new Global Co-Head of its blockchain division, Kinexys, alongside Naveen Mallela, signaling a bold push into tokenized finance and digital payments. Announced on August 6, 2025, Kennedy, based in Edinburgh, brings extensive experience from leading digital asset product strategy for JPMorgan’s securities services. She will oversee Kinexys Digital Assets for asset tokenization …

Blockchain-based salaries have surged 300% in 2025, with USDC (USD Coin) dominating as the top choice for crypto payrolls, per a February 2025 Bitwage report. The stablecoin’s dollar peg, fast transactions, and regulatory compliance via Circle have made it ideal for employers and workers, outpacing Bitcoin and Ethereum in payroll adoption. By August 7, 2025, platforms like Deel and Bitwage …

South Korea’s leading digital bank, KakaoBank, is set to launch a Korean won (KRW)-backed stablecoin in 2025, positioning itself as a pioneer in the nation’s digital asset market. Announced during its H1 2025 earnings call on August 5, 2025, the initiative aims to leverage blockchain for efficient, low-cost domestic and cross-border transactions, per ZDNet Korea. CFO Kwon Tae-hoon emphasized the …

Hackers are exploiting dormant YouTube channels to run sophisticated crypto scams, costing victims over $2.2 billion in 2025, according to CertiK’s security report. On August 7, 2025, SentinelLabs revealed that cybercriminals target older, verified accounts—often abandoned or compromised via phishing or credential stuffing—to promote fraudulent trading bots. These scams, active since early 2024, use AI-generated videos and manipulated comment sections …

Coinbase, the largest U.S. crypto exchange, will impose a 0.1% fee on USDC-to-USD conversions exceeding $5 million in a 30-day period starting August 13, 2025, targeting institutional traders and high-net-worth users. This move, announced after missing Q2 revenue targets of $1.56–$1.59 billion with $1.5 billion, aims to bolster stablecoin revenue, which grew 12% to $332 million year-on-year. The fee applies …

In a bold display of political influence, Stand With Crypto, a Coinbase-backed nonprofit, has mobilized 2.3 million pro-crypto voters to push for pivotal U.S. cryptocurrency legislation in 2025. This grassroots surge underscores the crypto industry’s growing clout as Congress debates bills shaping digital asset regulation. Stand With Crypto, launched by Coinbase, has unified advocates across all 50 states, targeting swing …

SEC Commissioner Caroline Crenshaw sharply criticized the agency’s new liquid staking guidance, calling it a “wobbly wall of assumptions” that fails to align with industry practices. Her remarks, titled “Caveat Liquid Staker,” counter the Division of Corporation Finance’s claim that certain liquid staking activities are not securities transactions, potentially exempting them from SEC registration. Crenshaw argues this guidance offers little …

Pi Coin, once celebrated for its mobile-first mining and 65 million-strong user base, faces growing doubts as its price struggles to recover and trading volume plummets. As of August 7, 2025, Pi trades at $0.3405, down 3.54% in 24 hours, with a 24-hour trading volume of just $50.7 million, a 69% drop from recent highs, signaling fading investor enthusiasm. Despite …