Business

August, 2025

• 25 August

  Prediction Marketplace Kalshi Names John Wang to Drive Crypto Strategy

  

  Kalshi, a leading U.S.-regulated prediction market platform, has named John Wang, a prominent crypto influencer and former founder of Armor Labs, as its head of crypto business to bolster its digital asset initiatives. Announced on August 25, 2025, this strategic hire underscores Kalshi’s ambition to integrate cryptocurrencies like USDC, Bitcoin, and Solana into its platform, capitalizing on the growing crypto …
• 25 August

  Digital Coins Fuel Biotech Stocks: How Crypto is Driving Market Hype

  

  Biotech firms are increasingly embracing cryptocurrency strategies to ignite stock market enthusiasm, blending cutting-edge science with digital finance. Companies like Sonnet BioTherapeutics and 180 Life Sciences (now ETHZilla) have announced plans to integrate digital coins, such as Ethereum and Litecoin, into their treasuries, sparking dramatic but often short-lived stock price surges. For instance, Sonnet soared 243% in a single session, …
• 25 August

  Trump Adviser Predicts No Bitcoin Bear Market for Years Despite August Dip

  

  David Bailey, Bitcoin Inc. CEO and former cryptocurrency adviser to US President Donald Trump, declared on August 23, 2025, that Bitcoin will avoid a bear market for several years, citing unprecedented institutional adoption. Despite Bitcoin dropping to $112,000 in August, a 10% decline from its $124,000 peak, Bailey remains optimistic, arguing that sovereigns, banks, and corporations are driving demand, with …
• 25 August

  Liberland Bets on Crypto Tycoon Justin Sun for Global Recognition

  The Free Republic of Liberland, a self-proclaimed micronation founded in 2015 on disputed land between Croatia and Serbia, has appointed TRON founder Justin Sun as its Prime Minister to drive its quest for international legitimacy. Elected in October 2024 via a blockchain-based voting system, Sun is leveraging his crypto expertise and global connections to elevate Liberland’s profile, according to a …
• 25 August

  10,000+ Koreans Now Hold $750K+ in Crypto, Young Investors in the Lead

  

  South Korea’s cryptocurrency market is surging, with over 10,810 investors holding digital assets worth more than 1 billion won ($750,000) as of August 5, 2025, according to Financial Supervisory Service data reported by the Korean Times. Young investors in their 20s, despite being the smallest demographic, lead with the highest average holdings at 2.69 billion won ($2.02 million), signaling a …
• 25 August

  Japan Eyes Crypto in Diversified Portfolios – Could BTC Reserves Be Next?

  

  Strategy (formerly MicroStrategy), led by Bitcoin advocate Michael Saylor, acquired 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at approximately $76 billion. This purchase, the third in August, has sparked renewed speculation that Bitcoin could reach $200,000, driven by Saylor’s aggressive acquisition strategy and bullish market sentiment. Saylor’s firm, now holding over 3% of Bitcoin’s …
• 25 August

  Michael Saylor’s Third BTC Purchase Sparks $200K Bitcoin Speculation

  

  Strategy (formerly MicroStrategy), led by Bitcoin advocate Michael Saylor, acquired 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at approximately $76 billion. This purchase, the third in August, has sparked renewed speculation that Bitcoin could reach $200,000, driven by Saylor’s aggressive acquisition strategy and bullish market sentiment. Saylor’s firm, now holding over 3% of Bitcoin’s …
• 25 August

  Crypto Slumps: Why Markets Are Down on August 25, 2025

  

  Cryptocurrency market faced a sharp decline, with Bitcoin (BTC) dropping below $111,000 and Ethereum (ETH) retreating from its $4,900 peak. The downturn erased billions in market value, driven by whale sell-offs, liquidations, and uncertainty over Federal Reserve policies. A Bitcoin whale dumped 24,000 BTC, worth over $2.7 billion, into a thinly liquid market, triggering a cascade of sales. This caused …
• 25 August

  Durov Calls French Arrest ‘Absurd’, Trapped in 14-Day Reporting Cycle

  

  Telegram CEO Pavel Durov was arrested at Paris-Le Bourget Airport, sparking controversy over his platform’s role in alleged criminal activities. Released on €5 million bail, Durov faces 12 charges, including complicity in drug trafficking and child sexual abuse material distribution, which he denies. French authorities claim Telegram’s lax moderation enabled illegal activities, but Durov insists the platform complies with industry …
• 24 August

  DeFi Under Watch: Treasury ID Proposal Raises Major Surveillance Fears

  

  The US Treasury’s proposal to embed digital identity verification in decentralized finance (DeFi) smart contracts, announced on August 18, 2025, has ignited fierce debate within the crypto industry. Part of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed in July, the plan aims to curb illicit activities like money laundering by requiring government-issued IDs or biometric …