Cryptocurrency News

August, 2025

• 22 August

  Bitcoin, Ethereum, Altcoins Dip as Powell Looms — Whales Buy the Bottom

  

  The cryptocurrency market saw sharp declines this week as investors braced for Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium on August 22, 2025. Bitcoin dropped below $113,000, down 10% from its August high of $124,290, while Ethereum fell 5% to $4,200. Altcoins like Solana and Dogecoin mirrored the downturn, with the global crypto market cap …
• 22 August

  Asia’s Millionaires Turn to Crypto: Record Gains Meet Friendly Regulations

  

  Asia’s high-net-worth individuals are increasingly investing in cryptocurrencies, drawn by substantial market gains and evolving regulatory frameworks in key financial hubs like Singapore, Hong Kong, and Japan. This shift marks a departure from traditional investments such as real estate and equities, as digital assets gain legitimacy among the region’s elite. In Singapore, the Monetary Authority of Singapore (MAS) has implemented …
• 21 August

  Cathie Wood’s Ark Invest Bets $37M on Robinhood’s Crypto Future

  

  Cathie Wood’s Ark Invest made a bold $37.4 million investment, acquiring $21.2 million in Bullish shares and $16.2 million in Robinhood stock through its ARK Innovation ETF (ARKK), despite a 6.5% drop in Robinhood’s stock to $107.50. This move underscores Wood’s confidence in Robinhood’s role in the booming cryptocurrency market, aligning with her bullish outlook on digital assets. Robinhood, a …
• 21 August

  Crypto Market Rebounds: Bitcoin, Ethereum, Dogecoin, XRP Surge in 2025

  

  The cryptocurrency market is staging a comeback in August 2025, with Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP posting significant gains, as investor sentiment shifts from fear to neutral. Despite a hawkish Federal Reserve outlook dampening rate cut hopes, the global crypto market cap climbed 2.6% to $3.8 trillion, reflecting renewed optimism. Bitcoin, trading near $114,000, has found support …
• 21 August

  Silicon Valley Bets $100M on AI-Powered Subscription Mattress

  

  Silicon Valley’s latest venture is a $100 million investment in Eight Sleep, a startup revolutionizing sleep with an AI-powered subscription mattress, signaling a new era for wellness technology. The Series D funding, led by Founders Fund, Y Combinator, and others, values the company at $500 million, with sales already surpassing $500 million. Eight Sleep’s flagship Pod mattress uses advanced sensors …
• 21 August

  Wormhole Strikes Back: Challenges LayerZero’s $110M Stargate Bid

  

  The Wormhole Foundation has challenged LayerZero’s $110 million bid to acquire Stargate, a leading cross-chain bridge with $345 million in total value locked (TVL), escalating tensions in the decentralized finance (DeFi) space. Wormhole’s counter-offer, announced on August 20, aims to outbid LayerZero, arguing that Stargate’s $92 million treasury and $4 billion July 2025 bridge volume justify a higher valuation. LayerZero’s …
• 21 August

  Crypto Giants Launch ‘Beacon Network’ to Track and Freeze Stolen Funds

  

  Leading crypto firms, including Binance, Coinbase, Kraken, Ripple, and others, have unveiled the Beacon Network, a pioneering real-time system to track and freeze stolen digital assets, announced TRM Labs on August 20. This initiative, backed by exchanges, issuers, and law enforcement like the Australian Federal Police, aims to curb the $2.3 billion in crypto thefts reported in 2025, per Cointelegraph. …
• 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, …