Business

August, 2025

• 30 August

  Supreme Court Opens Crypto Wallets to Surveillance: Is On-Chain Privacy at Risk?

  

  Contrary to recent speculation, India’s Supreme Court has not issued a 2025 ruling authorizing cryptocurrency wallet surveillance, leaving user privacy concerns unaddressed. The confusion stems from a US Supreme Court decision on June 30, 2025, in Harper v. Faulkender, which upheld IRS access to crypto exchange data without warrants, citing the third-party doctrine. This US ruling does not apply to …
• 28 August

  Circuit CEO Says ‘Negotiation Is Dead’ as Crypto Asset Recovery Hits 4.2%

  

  In a recent interview, Circuit CEO Harry Donnelly announced that traditional negotiation for recovering lost or stolen cryptocurrency is “dead,” with the current recovery rate at a mere 4.2%. This alarming statistic, drawn from industry insights, underscores the inefficiencies of outdated methods in the rapidly evolving crypto landscape. As digital assets face increasing threats from hacks and fraud, Circuit is …
• 28 August

  U.S. Commerce Dept Teams Up with Chainlink to Put Macro Data On-Chain

  

  In a groundbreaking move, the U.S. Department of Commerce (DOC) has partnered with Chainlink to bring macroeconomic data from the Bureau of Economic Analysis (BEA) on-chain, announced on August 28, 2025. This collaboration delivers key economic indicators, including Real Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers, to blockchain networks …
• 28 August

  $219M Flows into Bitcoin ETFs: Institutions Quietly Eye $1M Target

  U.S. spot Bitcoin ETFs recorded $219.1 million in net inflows, ending a six-day outflow streak totaling $972 million, signaling renewed institutional interest. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with $65.6 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT) at $63.4 million, and ARK 21Shares Bitcoin ETF (ARKB) with $61.2 million, according to Farside Investors. Smaller inflows were seen in …
• 28 August

  Webull Expands to Australia, Launches Crypto Trading via Coinbase Prime

  

  Webull Securities Australia, a subsidiary of Webull Corporation (NASDAQ: BULL), launched cryptocurrency trading on August missing, allowing Australian users to trade up to 240 digital assets, including Bitcoin and Ethereum, at a competitive 30-basis-point spread. This expansion, announced on August 27, 2025, marks Webull’s third global crypto market, following successful launches in the U.S. and Brazil. The partnership with Coinbase …
• 28 August

  French Crypto Trader Kidnapped Near Paris, Freed After Refusing €10K Ransom

  In a chilling incident near Paris, a 35-year-old former cryptocurrency trader, identified as Alexandre, was kidnapped and held captive between Paris and Saint-Germain-en-Laye. The assailants demanded a €10,000 ransom for his release, a relatively low sum compared to other high-profile crypto-related abductions in France. Displaying remarkable resolve, Alexandre refused to pay, showing his captors his low account balance. He was …
• 28 August

  CFTC Adopts Nasdaq Tool to Track Crypto Insider Trading

  

  The U.S. Commodity Futures Trading Commission (CFTC) launched Nasdaq’s advanced Market Surveillance platform on August 27, 2025, to enhance oversight of cryptocurrency and derivatives markets, replacing its outdated 1990s systems. Announced by Acting Chair Caroline D. Pham, this upgrade aims to detect insider trading, wash trading, and pump-and-dump schemes in real time, bolstering market integrity amid a crypto trading boom …
• 28 August

  ZachXBT Flags WEB3 Presale Over Squiggles NFT Rug and Raichu Fraud

  

  ZachXBT issued a stark warning about a WEB3 token presale, flagging its ties to the 2022 Squiggles NFT rug pull and alleged scammer Raichu. The alert, posted on X, has sparked widespread concern, urging crypto investors to exercise caution. ZachXBT revealed that the presale, promoted via @web3, involves individuals linked to Squiggles, which defrauded investors of millions, and Raichu, a …
• 28 August

  De-Dollarization Sparks Stablecoin Surge: Hayes Sees 126x HYPE Growth

  

  At the WebX 2025 conference in Tokyo on August 25, BitMEX co-founder Arthur Hayes forecasted a staggering 126x surge for Hyperliquid’s HYPE token, projecting a rise from $45 to $5,670 by 2028. His bold prediction, rooted in de-dollarization trends and a $10 trillion stablecoin market, sent HYPE’s price up 9% to $47.40, with trading volume spiking 78% to $278 million, …
• 28 August

  The Sandbox Founders Exit as Animoca Gains Full Control in Major Overhaul

  

  In a major shake-up, The Sandbox, a leading blockchain-based metaverse platform, is undergoing a transformative restructuring as co-founders Sébastien Borget and Arthur Madrid step back from operational roles, with Animoca Brands assuming full control. Announced on August 28, 2025, the overhaul includes over 50% staff layoffs (approximately 125 of 250 employees) and closures of offices in Argentina, Uruguay, South Korea, …