Cryptocurrency News

August, 2025

• 13 August

  ETH Set for Explosive Rally to $4,410, Says ChatGPT — Nearing ATH

  

  Ethereum (ETH), the world’s second-largest cryptocurrency, is poised for a potential rally to $4,410, just 9% shy of its all-time high of $4,878 set in November 2021, according to recent market analysis. This bullish forecast, driven by robust fundamentals and growing adoption, signals a pivotal moment for ETH as it tests key resistance levels. The surge is fueled by Ethereum’s …
• 13 August

  Grayscale Targets Spot Cardano and Hedera ETFs with New SEC Filings

  

  Grayscale Investments, a leading crypto asset manager, has filed for spot Cardano (ADA) and Hedera (HBAR) exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC) on August 12, 2025. These filings, registered as the Grayscale Cardano Trust ETF and Grayscale Hedera Trust ETF in Delaware, aim to provide investors with direct exposure to ADA and HBAR prices without …
• 12 August

  JD.com Ventures into DeFi, Blending E-Commerce with Blockchain Innovation

  

  JD.com, China’s e-commerce giant with over $150 billion in annual revenue, is diving into decentralized finance (DeFi), marking a bold pivot from retail to blockchain-powered financial services. On August 12, 2025, BeInCrypto reported JD.com’s job posting for a DeFi expert skilled in decentralized exchanges (DEXs), lending, derivatives, and tokenomics, signaling its Web3 ambitions. The move leverages JD’s “Zhizhen Chain” for …
• 12 August

  Ethena’s ENA Soars 150% as $10B TVL, Golden Cross Fuel 2025 Rally

  

  Ethena’s governance token, ENA, skyrocketed 150% in the past 30 days, with a 40% spike in the last week, reaching $0.85 on August 12, 2025, per CoinIndexNews. This surge aligns with Ethena’s Total Value Locked (TVL) exceeding $10 billion, driven by its synthetic stablecoin, USDe, now the third-largest stablecoin by market cap, boasting a $3.83 billion valuation. A key driver …
• 12 August

  Nasdaq Firm’s $BONK Bet Backfires, Stock Plunges 50% in 2025

  

  A Nasdaq-listed company’s bold move to invest its treasury in the Solana-based memecoin $BONK has led to a catastrophic 50% stock price drop in August 2025, highlighting the risks of speculative crypto ventures. The firm, which allocated significant funds to $BONK to diversify its portfolio, faced a swift market backlash as the memecoin’s value crashed, reflecting its high volatility and …
• 12 August

  Malaysia Central Bank Eyes XRP, BTC as Monetary Alternatives in 2025

  

  In a groundbreaking move, the Central Bank of Malaysia (Bank Negara Malaysia) released a July 2025 policy paper recognizing XRP and Bitcoin (BTC) as potential monetary alternatives, signaling a shift in Southeast Asia’s financial landscape. The paper, as reported on X, explores how these cryptocurrencies could complement fiat currencies in payments, remittances, and as stores of value, highlighting their transformative …
• 12 August

  Kazakhstan Cracks Down on Crypto Mining’s Massive Energy Drain in 2025

  

  Kazakhstan, a global crypto mining hub, is tightening regulations as miners’ energy consumption rivals that of a small city, straining the national grid. On August 11, 2025, authorities busted a $16.5 million illegal mining scheme in East Kazakhstan, where miners consumed 50 MWh of household electricity, enough for 50,000–70,000 residents, per the Financial Monitoring Agency (AFM). Since China’s 2021 mining …
• 12 August

  Gemini Predicts Next Crypto Boom: Top Coins to Watch in 2025

  

  Gemini, a leading cryptocurrency exchange, has sparked excitement with its 2025 forecast, pinpointing coins poised for explosive growth as the crypto market gears for a potential bull run. On August 8, 2025, Gemini’s X post celebrated XRP enthusiasm, hinting at “something BIG” in the coming weeks, fueling speculation about a market surge. Gemini’s analysis highlights a mix of established and …
• 12 August

  Solana Faces $40M Whale Sell-Offs as Network Challenges Mount in 2025

  

  Solana (SOL), a high-speed blockchain, is grappling with intense selling pressure as major investors, or “whales,” offload millions in SOL tokens, raising concerns about its market stability. On August 12, 2025, Lookonchain reported that three whale wallets moved 226,000 SOL, worth $40 million, to exchanges like Kraken and Binance, signaling potential profit-taking or strategic shifts. This follows a pattern of …
• 12 August

  Bithumb Slashes Crypto Lending Amid South Korea’s Regulatory Crackdown

  

  South Korea’s leading cryptocurrency exchange, Bithumb, has drastically scaled back its crypto lending services following intense regulatory pressure from the Financial Services Commission (FSC) and Financial Supervisory Service (FSS). On August 11, 2025, Bithumb reduced its leverage ratio from 4x to 2x and slashed its maximum lending cap by 80%, from 1 billion won ($718,298) to 200 million won ($143,600), …