Cryptocurrency News

August, 2025

• 4 August

  Satoshi Nakamoto Statue Stolen and Vandalized in Lugano, Switzerland

  

  A life-sized statue honoring Bitcoin’s enigmatic creator, Satoshi Nakamoto, was stolen from Lugano’s Parco Ciani on August 2, 2025, and later found vandalized in Lake Lugano, sparking outrage in the crypto community. Unveiled in October 2024 by Tether and Lugano’s Plan B initiative, the stainless steel and corten block sculpture, designed by Valentina Picozzi, featured a fading figure symbolizing Nakamoto’s …
• 4 August

  Trump Media Unveils Truth Token and Crypto Wallet in SEC Filing

  

  Trump Media & Technology Group (TMTG), parent company of Truth Social, announced plans to launch a Truth-branded utility token and digital wallet in an August 2025 SEC filing, signaling a bold pivot into cryptocurrency. The Truth Token, part of a rewards program, will facilitate subscription payments for Truth+ streaming and other services within the Truth ecosystem, with the wallet enabling …
• 4 August

  Bitcoin Rebound Looms as 10x Research Flags Stealth Catalyst

  

  Bitcoin could be on the cusp of a significant rally, with 10x Research identifying a “stealth trigger” that may reverse its recent 7% dip to $58,000, as reported on August 4, 2025. The crypto analytics firm’s latest insights suggest that hidden market dynamics could spark a sharp rebound, catching bearish traders off guard. Despite macroeconomic uncertainty from Federal Reserve policies …
• 4 August

  Coinbase CEO Slams UK Crypto Ad Ban as Innovation Stifler

  

  UK’s Advertising Standards Authority (ASA) banned Coinbase’s TV advertisement “Everything Is Fine,” prompting sharp criticism from CEO Brian Armstrong. The satirical ad, highlighting flaws in traditional finance with imagery of leaking homes and rising prices, was deemed misleading for lacking risk disclosures and portraying crypto as a safe investment. The ASA cited its potential to mislead viewers, reflecting the UK’s …
• 4 August

  UK Risks Crypto Lag, George Osborne Warns of Global Competition

  

  Former UK Chancellor George Osborne warned on August 4, 2025, that Britain is losing its edge in the global cryptocurrency race due to delayed regulations and inconsistent government support. Speaking via the Financial Times, Osborne, now a Coinbase Global Advisory Council member, criticized Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey for a cautious approach, risking the UK’s …
• 4 August

  Cardano Approves 96M ADA Fund to Drive Network Upgrades and Growth

  

  Cardano’s community greenlit a historic 96 million ADA ($71 million) treasury allocation to fuel critical network upgrades, marking a milestone in its decentralized governance. Approved with 74% support via Project Catalyst, the funding empowers Input Output Global (IOG) to enhance scalability, developer tools, and interoperability over a 12-month roadmap, reinforcing Cardano’s position as a leading smart contract platform. The funds …
• 4 August

  Lido Finance Cuts 15% of Workforce to Boost Sustainable Ethereum Staking

  

  On August 4, 2025, Lido Finance, a leading Ethereum liquid staking protocol, announced a 15% workforce reduction across Lido Labs, Lido Ecosystem, and Lido Alliance to ensure long-term sustainability. Co-founder Vasiliy Shapovalov emphasized that the layoffs, affecting about 12 of its 83 contributors, were driven by cost management, not performance issues, amid a competitive DeFi landscape. Lido, managing $31 billion …
• 3 August

  Satoshi Nakamoto Statue Stolen in Lugano: 0.1 BTC Reward Offered

  

  In a twist that has gripped the crypto world, a statue honoring Bitcoin’s mysterious creator, Satoshi Nakamoto, has vanished from Lugano, Switzerland’s Parco Ciani. Unveiled on October 25, 2024, as part of Lugano’s Plan B Forum, the statue symbolized Bitcoin’s anonymity with its innovative disappearing design. Now, its theft has sparked a citywide hunt and a 0.1 BTC reward—worth over …
• 3 August

  Crypto Conquerors: How Coinbase and Bitget Dominate the Market

  

  In a turbulent crypto landscape, Coinbase and Bitget have emerged as industry titans, leveraging strategic moves to outshine competitors. Their success, driven by expansion, compliance, innovation, financial strength, and trust, sets a new standard for exchanges. Global Expansion & Partnerships: Coinbase has bolstered its presence in Europe and Asia, integrating Base-native tools like Smart Wallet to simplify Web3 onboarding (Coinbase …
• 3 August

  HODL Roadshow Unites Dubai and Riyadh for Blockchain Revolution

  

  HODL, the premier Web3 summit, is driving blockchain innovation with a landmark Middle East roadshow in Dubai (October 30-31, 2025) and Riyadh (November 3-4, 2025), fostering collaboration among builders, investors, regulators, and institutions. Following its record-breaking Dubai event in May 2025, which drew 3,000+ attendees and sparked 1,000+ business connections, HODL aims to bridge the UAE and Saudi Arabia’s blockchain …