Cryptocurrency News

August, 2025

• 26 August

  Monero Security Tested as Qubic Hits 58% Hashrate—and Passes

  

  Qubic mining pool briefly controlled 52.72% of Monero’s (XMR) hashrate, peaking at 3.01 GH/s, raising fears of a 51% attack that could enable blockchain reorganization, transaction censorship, or double-spending. Despite crossing the critical threshold, Monero’s privacy-focused network showed resilience, with no malicious activity detected, affirming its robust RandomX algorithm designed to resist mining centralization. Led by IOTA co-founder Sergey Ivancheglo, …
• 26 August

  Sling Money Lands in Mexico, Simplifying Remittances for Millions

  

  Sling Money, a cutting-edge cross-border payments platform, launched in Mexico on August 26, 2025, aiming to transform the $63 billion U.S.-Mexico remittance corridor, the world’s second-largest. This expansion enables millions of Mexican immigrants in the U.S. to send money home instantly and fee-free, addressing the high costs and delays of traditional services like Western Union. Leveraging the Solana blockchain and …
• 26 August

  Canary Capital Pushes Trump Memecoin ETF Into SEC’s Court”

  

  Canary Capital has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) on August 26, 2025, to launch a Trump Coin ETF, aiming to track the Solana-based TRUMP memecoin linked to U.S. President Donald Trump. This follows the firm’s Delaware registration on August 13, signaling a bold move to bring memecoins into mainstream finance. The ETF would …
• 25 August

  Galaxy, Jump, and Multicoin Eye $1 Billion to Acquire Solana

  

  Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise $1 billion to create the largest Solana (SOL) treasury, aiming to reshape institutional investment in blockchain technology. According to Bloomberg, the firms are collaborating with Cantor Fitzgerald to acquire a publicly traded company, transforming it into a Solana-focused digital asset treasury, with the deal expected to close by …
• 25 August

  Webull Restarts Crypto Services in the US Amid Growing Demand

  

  Webull Corporation (NASDAQ: BULL), a leading online brokerage, relaunched cryptocurrency trading for U.S. users on August 25, 2025, after a two-year hiatus prompted by regulatory challenges during its 2023 IPO preparations. The move, announced via PR Newswire, reintegrates crypto trading into the main Webull app, allowing seamless 24/7 trading of over 50 digital assets, including Bitcoin (BTC), Ethereum (ETH), and …
• 25 August

  Prediction Marketplace Kalshi Names John Wang to Drive Crypto Strategy

  

  Kalshi, a leading U.S.-regulated prediction market platform, has named John Wang, a prominent crypto influencer and former founder of Armor Labs, as its head of crypto business to bolster its digital asset initiatives. Announced on August 25, 2025, this strategic hire underscores Kalshi’s ambition to integrate cryptocurrencies like USDC, Bitcoin, and Solana into its platform, capitalizing on the growing crypto …
• 25 August

  Digital Coins Fuel Biotech Stocks: How Crypto is Driving Market Hype

  

  Biotech firms are increasingly embracing cryptocurrency strategies to ignite stock market enthusiasm, blending cutting-edge science with digital finance. Companies like Sonnet BioTherapeutics and 180 Life Sciences (now ETHZilla) have announced plans to integrate digital coins, such as Ethereum and Litecoin, into their treasuries, sparking dramatic but often short-lived stock price surges. For instance, Sonnet soared 243% in a single session, …
• 25 August

  Trump Adviser Predicts No Bitcoin Bear Market for Years Despite August Dip

  

  David Bailey, Bitcoin Inc. CEO and former cryptocurrency adviser to US President Donald Trump, declared on August 23, 2025, that Bitcoin will avoid a bear market for several years, citing unprecedented institutional adoption. Despite Bitcoin dropping to $112,000 in August, a 10% decline from its $124,000 peak, Bailey remains optimistic, arguing that sovereigns, banks, and corporations are driving demand, with …
• 25 August

  Liberland Bets on Crypto Tycoon Justin Sun for Global Recognition

  The Free Republic of Liberland, a self-proclaimed micronation founded in 2015 on disputed land between Croatia and Serbia, has appointed TRON founder Justin Sun as its Prime Minister to drive its quest for international legitimacy. Elected in October 2024 via a blockchain-based voting system, Sun is leveraging his crypto expertise and global connections to elevate Liberland’s profile, according to a …
• 25 August

  10,000+ Koreans Now Hold $750K+ in Crypto, Young Investors in the Lead

  

  South Korea’s cryptocurrency market is surging, with over 10,810 investors holding digital assets worth more than 1 billion won ($750,000) as of August 5, 2025, according to Financial Supervisory Service data reported by the Korean Times. Young investors in their 20s, despite being the smallest demographic, lead with the highest average holdings at 2.69 billion won ($2.02 million), signaling a …