Business

August, 2025

• 20 August

  Core Foundation and Hex Trust Launch Bitcoin Staking in APAC and MENA

  

  Core Foundation and Hex Trust have partnered to introduce institutional-grade Bitcoin staking for clients in the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions, announced on August 20, 2025. This collaboration integrates Core’s Dual Staking technology with Hex Trust’s regulated custody platform, enabling banks, family offices, and asset managers to earn on-chain rewards by staking Bitcoin (BTC) and …
• 20 August

  Robinhood Files Lawsuit Against Nevada, New Jersey Regulators on Event Contracts Dispute

  

  Robinhood Markets Inc. has launched lawsuits against Nevada and New Jersey regulators, contesting restrictions on its event contracts trading platform. The fintech giant argues that these state actions are unlawful, stifling innovation in the rapidly growing prediction markets sector. Event contracts, which allow users to speculate on outcomes like elections, economic indicators, or sports, are at the heart of the …
• 20 August

  Bitcoin Plunges Below $112K as $1B ETF Outflows Fuel Market Jitters

  

  Bitcoin fell below $112,000 on August 20, 2025, driven by $1 billion in outflows from U.S. spot Bitcoin ETFs, one of the largest withdrawals since their January 2024 launch, per Farside Investors. The crypto market cap dropped to $3.9 trillion, with Bitcoin down 9% from its $124,457 peak on August 14, according to CoinMarketCap. This sell-off, reported by Business Standard, …
• 20 August

  Crypto VC Funding Plunges 59% in Q2 2025, Falls to $1.97B

  

  Venture capital (VC) funding for cryptocurrency startups cratered in Q2 2025, falling 59% quarter-over-quarter to $1.97 billion across 378 deals, down 15% in deal count, according to Galaxy Digital Research. This marks the weakest quarter since Q4 2020, a stark contrast to Q1’s $4.8 billion, inflated by a $2 billion Binance investment. Excluding that outlier, the drop is closer to …
• 20 August

  Cardano Price Nosedives 10% Overnight — Is More Pain Coming for ADA?

  

  Cardano’s ADA token crashed nearly 10% in 24 hours, trading at $0.869, outpacing losses in Bitcoin (-7.8%) and Ethereum (-3%), per CoinMarketCap. The sharp decline, reported by CryptoNews, has left investors wary of further downside as the crypto market faces broader turbulence. Several factors drove this sell-off. Profit-taking followed ADA’s recent surge to $1, with trading volume spiking to $2.67 …
• 20 August

  CFTC Slaps $228M Judgment on Pastor Behind Crypto Ponzi Scheme

  

  U.S. Commodity Futures Trading Commission (CFTC) won a $228.6 million judgment against Eddy Alexandre, a New York pastor who defrauded over 25,000 investors of $262 million through a crypto Ponzi scheme. Operating under EminiFX, Alexandre promised 5–9.99% weekly returns using a nonexistent “robo-assisted advisor” and AI trading technology, exploiting his position in Long Island’s Haitian church community. The U.S. District …
• 20 August

  Why Is Crypto Down Today? Key Factors Behind August 20 Sell-Off

  

  Cryptocurrency market experienced a sharp decline, with Bitcoin falling below $113,000 and Ethereum dropping to $4,210, dragging the global market cap down 1.5% to $3.9 trillion. Several factors fueled this sell-off, raising concerns among investors about the short-term outlook. First, Bitcoin’s retreat from its recent $124,000 peak reflects profit-taking after a strong rally. CryptoQuant analysts suggest this correction, typical of …
• 20 August

  From Tokens to Trades: AMTD Firms Debut Crypto-for-Stock Swap on Wall Street

  

  AMTD Group, encompassing NYSE-listed AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE), unveiled a groundbreaking crypto-for-stock conversion program, enabling investors to swap Bitcoin, Ethereum, Tether (USDT), BNB, and USD Coin (USDC) for newly issued shares. Announced via a press release, this initiative positions AMTD as a bridge between cryptocurrencies and traditional equities on the New York …
• 20 August

  Fed Official Warns Staff: Keep Crypto Holdings to a Minimum

  

  Federal Reserve Vice Chair for Supervision Michelle Bowman urged Fed staff to restrict cryptocurrency holdings to “de minimus” amounts, emphasizing the need to avoid conflicts of interest and maintain regulatory impartiality. Speaking at a policy review, Bowman argued that limited crypto ownership could enhance staff understanding of digital assets, but significant holdings risk compromising the Fed’s credibility amid volatile markets …
• 20 August

  Harvard Economist Eats His Words: Bitcoin Didn’t Crash to $100

  

  In 2018, Harvard economist Kenneth Rogoff predicted Bitcoin would plummet to $100, citing its use in illicit activities and expected regulatory crackdowns. Seven years later, with Bitcoin trading above $113,000 after peaking at $124,128, Rogoff admitted his forecast was wildly inaccurate in a recent post on X. His mea culpa, reported by CryptoNews on August 20, 2025, highlights three miscalculations: …