Business

August, 2025

• 8 August

  Perplexity AI Predicts 2025 Prices for XRP, Solana, Cardano

  

  Perplexity AI, a leading AI research platform, has unveiled its 2025 price forecasts for XRP, Solana (SOL), and Cardano (ADA), tapping into crypto market trends as investors eye the next bull cycle. The predictions, based on historical data, on-chain metrics, and macroeconomic factors, highlight growth potential for these cryptocurrencies. XRP is projected to reach $1.50–$2.00 by year-end 2025, driven by …
• 8 August

  CleanSpark Shines Bright: Bitcoin Miner Smashes Records, Beats Wall Street Forecasts

  

  CleanSpark Inc. (NASDAQ: CLSK), a leading U.S. Bitcoin mining company, reported a stellar third quarter for 2025, surpassing Wall Street expectations with record revenue of $198.6 million, a 91% jump from $104 million last year. The Las Vegas-based miner also achieved a net income of $257.4 million, reversing a $236.2 million loss from the prior year, with earnings per share …
• 8 August

  XRP Jumps 13% as Ripple-SEC Legal Battle Ends

  

  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 …
• 8 August

  Ukraine Embraces Crypto but Restricts Retail Use

  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 …
• 7 August

  JPMorgan Appoints Kara Kennedy as Kinexys Co-Head to Drive Blockchain Innovation

  

  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 …
• 7 August

  USDC Drives 3x Surge in Crypto Salaries as Blockchain Pay Gains Traction

  

  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 …
• 7 August

  KakaoBank Plans 2025 KRW-Backed Stablecoin Launch to Transform Digital Payments

  

  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 …
• 7 August

  Hijacked YouTube Channels Fuel Crypto Scams in 2025

  

  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 …
• 7 August

  Coinbase’s New 0.1% Fee on Large USDC Swaps Sparks Debate Amid Revenue Push

  

  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 …
• 7 August

  Crypto Power Play: Coinbase-Backed Group Rallies 2.3M Voters for U.S. Crypto Bills

  

  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 …