Cryptocurrency News

August, 2025

• 9 August

  Ethereum Soars Past $4,000, Signals Robust Crypto Market Revival

  

  Ethereum (ETH), the second-largest cryptocurrency by market cap, surged past $4,000 on August 8, 2025, marking its highest level since December 2024, fueled by strong institutional demand and network advancements. Trading at $4,048.74, ETH saw a 3.8% daily gain and a 50% monthly surge, outpacing Bitcoin’s 25% year-to-date growth, per The Block. The rally follows a breakout from a 45-month …
• 9 August

  CrediX Finance Vanishes After $4.5M DeFi Hack, Shaking Crypto Trust

  

  In a shocking blow to the decentralized finance (DeFi) sector, CrediX Finance, a promising lending protocol, has disappeared following a $4.5 million exploit on August 4, 2025. Blockchain security firm CertiK reported that attackers compromised the platform’s multisig admin and bridge wallets, minting unbacked tokens to drain liquidity pools. The stolen funds were bridged from Sonic to Ethereum, then spread …
• 9 August

  Steak ‘n Shake Sees 10.7% Sales Surge After Bitcoin Payment Rollout

  

  Steak ‘n Shake, a leading U.S. fast-food chain, reported a 10.7% same-store sales increase in Q2 2025, attributing the surge to its adoption of Bitcoin payments, launched on May 16, 2025, across 393 U.S. locations. The initiative, announced via X as “Steaktoshi,” leverages the Bitcoin Lightning Network for fast, low-cost transactions, saving the company 50% in processing fees compared to …
• 9 August

  Coinbase Launches DEX Trading, Unlocks Millions of Tokens for U.S. Users

  

  Coinbase, the leading U.S. cryptocurrency exchange, rolled out decentralized exchange (DEX) trading for U.S. users (excluding New York) on August 8, 2025, enabling access to millions of tokens on the Base blockchain, as announced by CEO Brian Armstrong. This integration, live via the Coinbase app, allows seamless swaps across decentralized liquidity pools, bypassing traditional centralized order books. The move, part …
• 9 August

  Acacia Research Launches Bitcoin-Backed Loan Strategy with Unchained, Build

  

  Acacia Research Corporation (Nasdaq: ACTG), a leader in acquiring businesses across technology, energy, and industrial sectors, announced a pioneering Bitcoin-backed commercial loan strategy on August 6, 2025, in partnership with Unchained Capital and Build Asset Management. This $20 million initiative enables small- and medium-sized U.S. businesses to secure loans using Bitcoin as collateral, offering dollar liquidity while preserving crypto ownership. …
• 9 August

  Trump-Backed World Liberty Financial Plans $1.5B Public Company for WLFI Tokens

  

  World Liberty Financial (WLF), a decentralized finance (DeFi) platform endorsed by the Trump family, is exploring a $1.5 billion acquisition of a Nasdaq-listed shell company to hold its WLFI governance tokens, Bloomberg reported on August 8, 2025. This move, targeting major tech and crypto investors, aims to bridge DeFi with traditional finance, leveraging a public company’s regulatory transparency to boost …
• 9 August

  Brazil’s Drex Digital Currency Drops Blockchain, Targets 2026 Launch

  

  Brazil’s Central Bank has accelerated plans for its digital currency, Drex, aiming for a 2026 launch, but has abandoned blockchain technology for a centralized platform, as announced on August 6, 2025, during Blockchain Rio. The shift prioritizes scalability, control, and integration with Brazil’s Pix instant payment system, which processed over 4 billion transactions in 2024. The decision, detailed by President …
• 9 August

  Harvard’s $117M Bitcoin ETF Investment Signals Crypto’s Mainstream Rise

  

  Harvard University’s endowment, the largest academic fund globally at $53.2 billion, disclosed a $116.7 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) in its Q2 2025 SEC filing, marking a bold entry into cryptocurrency. Managed by Harvard Management Company, the investment in roughly 1.9 million IBIT shares ranks as the fund’s fifth-largest holding, surpassing its $114 million Alphabet stake. This …
• 9 August

  Bitcoin’s Winning Trio: Discipline, Luck & the Road to Profit

  

  In Bitcoin’s volatile market, consistent profits stem from a strategic blend of discipline, well-timed opportunities, and understanding market cycles, according to veteran traders. As of August 9, 2025, with Bitcoin trading around $60,000 after a 10% weekly dip, these principles are critical for navigating the crypto landscape. Discipline forms the foundation of successful Bitcoin trading. Experts emphasize setting precise entry …
• 9 August

  Crypto Analyst Decries Hypothetical BlackRock Solana ETF Launch as ‘Messed Up’ 

  

  In the evolving landscape of cryptocurrency exchange-traded funds (ETFs), Bloomberg ETF analyst James Seyffart has voiced strong opposition to the idea of asset management giant BlackRock launching a Solana (SOL) ETF alongside early filers, labeling it “messed up” in a recent discussion. This critique highlights concerns over market fairness, as smaller issuers like VanEck and Bitwise have already submitted applications …