Cryptocurrency News

August, 2025

• 21 August

  Crypto Gainers: OKB Leads Rally, Conflux and GateToken on the Rise

  

  The cryptocurrency market is buzzing as OKB, the native token of OKX, skyrocketed over 50% in 24 hours, hitting a new all-time high of $195, according to FXStreet. Conflux (CFX) and GateToken (GT) trailed with double-digit gains, reflecting a bullish market recovery following the Federal Reserve’s recent meeting minutes. OKB’s rally, extending 42% from Wednesday, is driven by OKX’s massive …
• 21 August

  Kanye West Sparks Controversy with ‘YZY’ Solana Crypto Launch on X

  

  Kanye West, now Ye, has ignited controversy with the launch of his YZY meme coin on the Solana blockchain, announced via X on August 20. The token, tied to his Yeezy brand, briefly hit a $3 billion market cap, fueled by Ye’s celebrity influence, but has since faced skepticism over its legitimacy and structure. The YZY ecosystem includes Ye Pay, …
• 21 August

  Nasdaq Drops Windtree After $700M BNB Treasury Move Fails to Boost Stock

  

  Nasdaq has delisted Windtree Therapeutics (WINT) after its stock plummeted 76% to $0.11, failing to maintain the required $1 minimum bid price per Nasdaq Listing Rule 5550(a)(2), according to an SEC filing. The decision, effective August 21, follows Windtree’s bold pivot to a $700 million Binance Coin (BNB) treasury strategy, which failed to boost investor confidence. In July 2025, Windtree, …
• 21 August

  Crypto Billionaires Invest $21M in Bitcoin to Crown U.S. as Crypto Capital

  

  Crypto titans, led by Tyler and Cameron Winklevoss, have donated 188 BTC, valued at $21 million, to the Digital Freedom Fund PAC, aiming to position the United States as the global crypto hub. The initiative backs pro-crypto policies, including a Bitcoin Bill of Rights and resistance to central bank digital currencies (CBDCs), aligning with efforts to foster blockchain innovation in …
• 21 August

  Stablecoin Surge: Goldman Sachs Predicts Trillion-Dollar Financial Shift

  

  Goldman Sachs forecasts a stablecoin market boom, projecting its value could swell from $271 billion to trillions in the coming years, potentially revolutionizing global finance. Stablecoins, cryptocurrencies pegged to stable assets like the US dollar, are gaining traction for their reliability in trading, payments, and cross-border transactions, unlike volatile cryptocurrencies such as Bitcoin. The investment bank highlights stablecoins’ ability to …
• 20 August

  Core Foundation and Hex Trust Launch Bitcoin Staking in APAC and MENA

  

  Core Foundation and Hex Trust have partnered to introduce institutional-grade Bitcoin staking for clients in the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions, announced on August 20, 2025. This collaboration integrates Core’s Dual Staking technology with Hex Trust’s regulated custody platform, enabling banks, family offices, and asset managers to earn on-chain rewards by staking Bitcoin (BTC) and …
• 20 August

  Robinhood Files Lawsuit Against Nevada, New Jersey Regulators on Event Contracts Dispute

  

  Robinhood Markets Inc. has launched lawsuits against Nevada and New Jersey regulators, contesting restrictions on its event contracts trading platform. The fintech giant argues that these state actions are unlawful, stifling innovation in the rapidly growing prediction markets sector. Event contracts, which allow users to speculate on outcomes like elections, economic indicators, or sports, are at the heart of the …
• 20 August

  Bitcoin Plunges Below $112K as $1B ETF Outflows Fuel Market Jitters

  

  Bitcoin fell below $112,000 on August 20, 2025, driven by $1 billion in outflows from U.S. spot Bitcoin ETFs, one of the largest withdrawals since their January 2024 launch, per Farside Investors. The crypto market cap dropped to $3.9 trillion, with Bitcoin down 9% from its $124,457 peak on August 14, according to CoinMarketCap. This sell-off, reported by Business Standard, …
• 20 August

  Crypto VC Funding Plunges 59% in Q2 2025, Falls to $1.97B

  

  Venture capital (VC) funding for cryptocurrency startups cratered in Q2 2025, falling 59% quarter-over-quarter to $1.97 billion across 378 deals, down 15% in deal count, according to Galaxy Digital Research. This marks the weakest quarter since Q4 2020, a stark contrast to Q1’s $4.8 billion, inflated by a $2 billion Binance investment. Excluding that outlier, the drop is closer to …
• 20 August

  Cardano Price Nosedives 10% Overnight — Is More Pain Coming for ADA?

  

  Cardano’s ADA token crashed nearly 10% in 24 hours, trading at $0.869, outpacing losses in Bitcoin (-7.8%) and Ethereum (-3%), per CoinMarketCap. The sharp decline, reported by CryptoNews, has left investors wary of further downside as the crypto market faces broader turbulence. Several factors drove this sell-off. Profit-taking followed ADA’s recent surge to $1, with trading volume spiking to $2.67 …