Cryptocurrency News

August, 2025

• 5 August

  Solana’s Cup and Handle Signals Potential $900 Surge After Final Dip

  

  Solana (SOL) is capturing attention as analysts confirm a bullish cup and handle pattern on its price chart, hinting at a potential $900 price target. This classic technical formation, known for preceding significant rallies, suggests SOL may be nearing a breakout after a final dip, offering investors a strategic entry point. The cup and handle pattern reflects Solana’s U-shaped recovery …
• 5 August

  South Korea Sentences Bitsonic CEO to Second Prison Term for Crypto Fraud

  

  The CEO of South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has received a second prison sentence for fraud, intensifying the nation’s crackdown on crypto misconduct. The Daegu District Court sentenced Shin to an additional six months in prison on July 18, 2025, for manipulating Bitsonic Coin (BSC) trading volumes and prices, defrauding investors of 160 million won ($115,000). This follows …
• 5 August

  CFTC and SEC Launch Crypto Sprint for Trump’s Blockchain Vision

  

  The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have initiated a Crypto Sprint, a collaborative push to implement President Donald Trump’s blockchain agenda, aiming to make the U.S. the global crypto leader. Announced by CFTC Acting Chair Caroline Pham, the initiative aligns with the SEC’s Project Crypto, led by Chair Paul Atkins and Commissioner Hester …
• 5 August

  XRP Holds Bullish Above $3.05 Despite Bank Resistance

  

  XRP, the native token of Ripple’s payment network, is showing resilience above $3.05, with a 3.57% daily gain to $3.07, despite reported opposition from 42 global banks resisting Ripple’s cross-border payment solutions. AI-driven analysis, including insights from ChatGPT, signals a bullish outlook, with potential for a rally toward $3.15-$3.50 if key levels hold, fueled by strong technicals and growing network …
• 5 August

  White House Plans Fines for Banks Blocking Crypto Firms

  

  The White House is set to issue an executive order targeting banks that unfairly deny services to cryptocurrency firms, a move to bolster the U.S. crypto industry. The directive, reported by The Wall Street Journal, aims to curb de-banking practices where banks close accounts or refuse services to crypto businesses without clear justification, stifling innovation. The draft order instructs regulators, …
• 5 August

  CFTC Greenlights Crypto Spot Trading on Futures Exchanges

  

  The Commodity Futures Trading Commission (CFTC) has unveiled a groundbreaking proposal to allow spot cryptocurrency trading on regulated futures exchanges, a move set to reshape the U.S. crypto landscape. Announced by Acting Chair Caroline Pham, the initiative enables Designated Contract Markets (DCMs) like CME Group and Cboe to offer spot trading for assets like Bitcoin and Ethereum alongside existing futures, …
• 4 August

  ECB Champions Cash Amid Digital Euro Push

  

  As digital payments surge across Europe, the European Central Bank (ECB) has reaffirmed its commitment to keeping cash a cornerstone of the financial system. On July 31, 2025, ECB President Christine Lagarde declared that euro banknotes and coins will remain widely available, emphasizing cash’s role in financial inclusion, privacy, and consumer choice, particularly for rural communities and the elderly. The …
• 4 August

  Russia’s A7A5 Stablecoin Surpasses $41B in Transactions After July Surge

  

  Russia’s rouble-pegged stablecoin A7A5 has processed over $41.2 billion in transactions since its February 2025 launch, with a significant spike in July, according to blockchain analytics firm Elliptic. Launched in Kyrgyzstan by sanctioned Russian entities Promsvyazbank and A7, A7A5 facilitates cross-border payments, bypassing Western sanctions imposed after Russia’s 2022 invasion of Ukraine. Its market capitalization tripled to $521 million in …
• 4 August

  France’s National Rally Pushes Bitcoin Mining with Nuclear Power in Policy Shift

  

  France’s far-right National Rally (RN) party, led by Marine Le Pen, has proposed a bold bill to mine Bitcoin using surplus nuclear energy, marking a sharp reversal from its 2016 anti-crypto stance. Announced on August 4, 2025, the plan, spearheaded by MP Aurélien Lopez-Liguori, aims to launch a five-year pilot at Électricité de France (EDF) nuclear plants like Flamanville. France, …
• 4 August

  Crypto Funds Lose $223M as Federal Reserve Signals Unsettle Investors

  

  Digital asset investment products saw $223 million in outflows last week, ending a 15-week inflow streak, driven by uncertainty over U.S. Federal Reserve policies, according to CoinShares. Hawkish Fed signals, including robust U.S. economic data and potential rate hike concerns, sparked a risk-off sentiment, with Bitcoin leading the exodus at $404 million in outflows, while Ethereum saw $133 million in …