Cryptocurrency News

August, 2025

• 15 August

  DeFi Education Fund Unveils New Foundation for Expanded Advocacy

  

  DeFi Education Fund (DEF) launched the DeFi Education Foundation, a 501(c)(3) nonprofit to advance decentralized finance (DeFi) education and policy reform, per a press release. The foundation aims to educate lawmakers, protect blockchain developers, and promote innovation-friendly regulations, while offering tax-deductible crypto and fiat donations for supporters. The move strengthens DEF’s mission amid rising U.S. regulatory scrutiny, including the SEC’s …
• 15 August

  Coinbase Signals Altcoin Season Kickoff, Ethereum Leading the Charge

  

  Coinbase’s market insights report signaled the start of an altcoin season, with Ethereum (ETH) leading the charge at $4,640, up 2.1% daily, per CoinMarketCap. The report cites surging trading volumes, altcoin market dominance reaching 39.7%—a seven-month high—and renewed interest in DeFi and Layer-2 solutions as key drivers. Ethereum’s dominance stems from robust on-chain activity: daily active addresses hit 1.3 million, …
• 15 August

  SEC Delays Solana ETF Decision to October 2025, Citing Market Concerns

  

  U.S. Securities and Exchange Commission (SEC) postponed its ruling on spot Solana (SOL) exchange-traded fund (ETF) proposals from Bitwise, 21Shares, and Canary Capital, setting a new deadline of October 16, 2025. The SEC invoked its maximum 60-day extension to evaluate market integrity, investor protections, and Solana’s legal classification as a commodity or security, per filings. Solana’s price fell 6% to …
• 15 August

  ETH Breakout Watch: Live August 15 Updates as Ethereum Nears New ATH

  

  Ethereum (ETH) is on the verge of a new all-time high, trading at $4,640, just 2.5% below its November 2021 peak of $4,762, per CoinMarketCap data. The rally, part of a broader crypto surge, is driven by institutional inflows, macroeconomic optimism, and booming DeFi and NFT activity, with traders eyeing a breakout. Key catalysts include robust institutional buying, with funds …
• 15 August

  New York state lawmakers have introduced a bill that would impose a 0.2% excise tax

  

  New York Assemblymember Phil Steck introduced Assembly Bill 8966, proposing a 0.2% excise tax on cryptocurrency and NFT transactions, effective September 1, 2025, if passed. The bill, currently under review by the Assembly’s Ways and Means Committee, aims to fund substance abuse prevention programs in upstate New York schools, leveraging the state’s thriving crypto sector. The tax applies to digital …
• 15 August

  Will Bitcoin Hold $119K? RSI Weakens While Fed Cut Odds Near 92%

  

  Bitcoin (BTC) hovers near the critical $119,000 support level, with traders on edge as the Relative Strength Index (RSI) slips to 47, signaling weakening bullish momentum. This dip follows a retreat from a peak of $123,236, raising concerns about a potential drop to $115,650–$117,650 if the $119K floor breaks, per Cointelegraph and TradingView analyses. Despite technical headwinds, macroeconomic factors offer …
• 15 August

  Law Enforcement, Firms Recover $300M in Fraud-Linked Crypto

  

  In a landmark anti-fraud operation, global law enforcement, alongside blockchain analytics firms, seized over $300 million in cryptocurrency linked to fraud schemes by August 2025, according to reports from TRM Labs and Chainalysis. The T3+ Global Collaborator Program, launched in September 2024 by TRM Labs, TRON, Tether, and Binance, froze $250 million in illicit assets tied to money laundering, romance …
• 15 August

  Czech Police Nab Convicted Trafficker in $45M Bitcoin Crime Ring Probe

  

  Czech authorities arrested Tomáš Jiřikovský, a convicted drug trafficker, in Prague, intensifying a probe into a $45 million Bitcoin scandal linked to organized crime. The operation, supported by Europol and international cybercrime units, targets a sophisticated network allegedly laundering illicit funds through cryptocurrencies. Jiřikovský, previously convicted in 2017 for drug trafficking and operating the dark web’s Sheep Marketplace, is accused …
• 15 August

  Hong Kong SFC Fortifies Crypto Custody Standards Amid Global Security Scares

  

  Hong Kong’s Securities and Futures Commission (SFC) has introduced stringent crypto custody regulations to enhance security for licensed virtual asset trading platforms (VATPs), effective immediately. The move follows global security breaches resulting in over $3 billion in crypto losses in 2025, with hackers exploiting weak wallet systems and access controls. The SFC’s new standards, part of its “ASPIRe” roadmap, mandate …
• 14 August

  Coinbase & Squads Alliance Push USDC Adoption on Solana into Overdrive

  

  Coinbase, a leading U.S. cryptocurrency exchange, has partnered with Squads Protocol, a Solana-based DeFi infrastructure platform, to make USD Coin (USDC) the default stablecoin across Squads’ product suite, announced on August 13, 2025. This strategic alliance aims to supercharge USDC adoption on the Solana blockchain, enhancing its role in decentralized finance (DeFi). Squads has already secured over $1 billion in …