Business

August, 2025

• 23 August

  Crypto Rally: BTC, ETH, XRP, BNB Surge After Powell’s Fed Speech

  

  Cryptocurrencies surged on August 22 following Federal Reserve Chair Jerome Powell’s dovish remarks at the Jackson Hole Economic Symposium, hinting at a potential September rate cut. Bitcoin (BTC) climbed 3.35% to $117,300, Ethereum (ETH) soared 13% to $4,740, XRP gained 5% to $2.09, and Binance Coin (BNB) hit a record $882, up 8%, per Cointelegraph. The crypto market cap rose …
• 23 August

  US Elevates Crypto Trading Oversight as CFTC Expands Market Watch

  

  The U.S. Commodity Futures Trading Commission (CFTC) has launched a robust expansion of its oversight over cryptocurrency markets, signaling a new era of regulatory scrutiny, according to a CFTC press release. On August 22, Acting Chairman Caroline D. Pham announced the second phase of the “Crypto Sprint” initiative, aiming to strengthen federal supervision of digital assets while fostering innovation, per …
• 23 August

  Ripple CEO Sees ‘New Dawn’ as Crypto Policy Talks Turn Bullish

  

  Ripple CEO Brad Garlinghouse has declared a “new dawn” for cryptocurrencies, citing a dramatic shift in U.S. regulatory sentiment at the Wyoming Blockchain Symposium on August 22. In a post on X, Garlinghouse noted that discussions with policymakers, including Federal Reserve Governors Michelle Bowman and Christopher Waller, revealed unprecedented openness to blockchain innovation, a stark contrast to last year’s skepticism. …
• 23 August

  Bitcoiners’ Skepticism of Institutions Remains Strong, Says Preston Pysh

  

  Despite rising institutional involvement in cryptocurrencies, Bitcoin investors remain deeply skeptical of banks, hedge funds, and traditional financial players, according to crypto commentator Preston Pysh. Speaking on his podcast, The Investor’s Podcast, Pysh highlighted that Bitcoin’s core community continues to prioritize decentralization and self-sovereignty over institutional embrace, even as the market sees $11.5 billion in Bitcoin ETF trading volumes in …
• 23 August

  No Crypto at Work? Pennsylvania Lawmakers Propose Office Ban

  

  Pennsylvania lawmakers have introduced a bill to ban cryptocurrency activities in workplace environments, igniting a heated debate between regulatory advocates and tech innovators. The proposed legislation, introduced on August 20, aims to prohibit employees from trading, accepting, or promoting cryptocurrencies during work hours or on company premises, citing risks to productivity and cybersecurity. Unlike House Bill 1812, which targets public …
• 23 August

  Bitcoin Surges to $117K, Bears Squeezed, All-Time Highs in Sight

  

  Bitcoin (BTC) has surged to $117,300, igniting a frenzy of bearish liquidations and fueling speculation of new all-time highs, according to Cointelegraph. The rally, sparked by Federal Reserve Chair Jerome Powell’s hint at a September rate cut during the Jackson Hole Symposium, liquidated $379.88 million in short positions, with $56.4 million tied to BTC alone, per CoinGlass data. This short …
• 23 August

  South Korea’s Banks in Talks with Tether, Circle Over Stablecoin Push

  

  South Korea’s major banks, including Shinhan, Hana, KB Financial, and Woori, are in high-level talks with stablecoin giants Tether (USDT) and Circle (USDC) to explore partnerships, signaling a bold move toward integrating digital currencies into traditional finance. According to Yonhap News, meetings held on August 22 focused on distributing dollar-pegged stablecoins and issuing Korean won-backed stablecoins, aligning with South Korea’s …
• 23 August

  Kraken Leads the Way: First Major Exchange to Embrace DVT for ETH Validators

  

  Kraken has become the first major cryptocurrency exchange to fully integrate Distributed Validator Technology (DVT) for its Ethereum validators, marking a pivotal advancement in staking security and decentralization. Announced on August 20, 2025, this move strengthens Ethereum’s ecosystem by enhancing validator resilience, a critical step for the world’s second-largest blockchain. DVT distributes validator duties across multiple independent nodes, reducing risks …
• 23 August

  Coinbase Tightens Rules: US Training & Citizenship to Block N. Korean Threats

  

  The cryptocurrency market is experiencing a seismic shift as whale activity signals a pivot from Bitcoin to Ethereum. On-chain data reveals significant Bitcoin outflows from large holder wallets, with some whales offloading thousands of BTC. For instance, a wallet holding 15,000 BTC sold $266 million worth and acquired 167,629 ETH across five wallets, valued at $706 million, per CryptoGucci’s analysis …
• 23 August

  Crypto Whales Shift Gears: Bitcoin Sell-Offs Surge as Ethereum Gains Traction

  

  The cryptocurrency market is experiencing a seismic shift as whale activity signals a pivot from Bitcoin to Ethereum. On-chain data reveals significant Bitcoin outflows from large holder wallets, with some whales offloading thousands of BTC. For instance, a wallet holding 15,000 BTC sold $266 million worth and acquired 167,629 ETH across five wallets, valued at $706 million, per CryptoGucci’s analysis …