Business

August, 2025

• 30 August

  Bitcoin Accounting Revision: Strategy Investors Pull Back Class Action Lawsuit

  

  In a significant development, Strategy Inc. investors have withdrawn a class action lawsuit against the company over its Bitcoin accounting practices, as reported by Bloomberg on August 29, 2025. The lawsuit, filed in May 2025 by Pomerantz LLP in the U.S. District Court for the Eastern District of Virginia, alleged that Strategy, led by Michael Saylor, misled shareholders about the …
• 30 August

  Pump.fun’s $62.6M PUMP Token Buyback Aims to Stabilize Price Amid Legal Risks

  

  Pump.fun, a Solana-based meme coin launchpad, has repurchased $62.6 million worth of its PUMP token, absorbing 16.5 billion tokens at $0.003785 each, per Dune Analytics, to curb sell pressure after a 46% price drop from its July 2025 peak of $0.0068. The buyback, funded by $775 million in platform fees, has driven a 12% monthly price rise to $0.003522, up …
• 30 August

  India’s Crypto Privacy at Crossroads: No Supreme Court Ruling on Wallet Surveillance

  

  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 …
• 30 August

  Eric Trump Predicts Bitcoin $1 Million Milestone – Here’s Why

  

  Eric Trump, executive vice president of the Trump Organization, predicted Bitcoin could hit $1 million, citing its 21 million coin cap and surging institutional demand. Speaking at Bitcoin Asia 2025 in Hong Kong on August 29, he forecast $175,000 by year-end, a claim echoed at Bitcoin MENA 2024 in Abu Dhabi. With Bitcoin at $110,167 on August 29, per CoinMarketCap, …
• 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 …