Cryptocurrency News

August, 2025

• 18 August

  Thailand to Let Tourists Use Crypto for Payments via Conversion

  

  Thailand is revolutionizing its tourism sector with the “TouristDigiPay” initiative, launched on August 18, 2025, allowing foreign tourists to convert cryptocurrencies like Bitcoin and Ethereum into Thai baht for seamless electronic payments. Announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, this program addresses a 6% drop in tourist arrivals in 2025, particularly from China, aiming to attract tech-savvy …
• 18 August

  Solana Sets New Benchmark With 100K Transactions Per Second

  

  Solana (SOL) achieved a groundbreaking milestone on August 17, 2025, hitting 107,540 transactions per second (TPS) during a mainnet stress test, as confirmed by Mert Mumtaz, co-founder of Solana’s developer firm Helius. This record, posted on X, positions Solana as the first major blockchain to surpass 100,000 TPS, reinforcing its dominance in scalability and speed. The test involved “no-operation” (noop) …
• 18 August

  Shiba Inu Coin Joins K-Pop Festival With Squid Game Challenges & Rap Icons

  

  Shiba Inu (SHIB), the Ethereum-based meme coin, is making waves beyond crypto by co-organizing the “1001 Festival” in Seoul, South Korea, on September 24, 2025, at RAUM Art Center. Announced via X on August 18, 2025, the event blends cryptocurrency with K-Pop culture, featuring Squid Game-themed challenges and performances by Korean rap icons Gray and Loco. The festival, a collaboration …
• 18 August

  China Stimulus Hints at Altcoin Rally Amid Weak Economic Data

  

  China’s looming $1.4 trillion stimulus package, set for a National People’s Congress vote on November 8, 2025, has sparked optimism for a potential altcoin rally as the country grapples with weak economic data. July 2025 figures revealed a 0.1% drop in retail sales, a 5.3% year-on-year decline in fixed-asset investment—the steepest since March 2020—and a rise in urban unemployment to …
• 18 August

  Crypto Clash: Former Monero Developer’s XRP Post Goes Viral

  

  A viral post by former Monero lead developer Riccardo Spagni has ignited a fierce debate in the crypto community, fueling a “culture war” over XRP’s role in the blockchain ecosystem. On August 17, 2025, Spagni shared on X that a crypto-skeptic friend sought to buy XRP, believing banks would be obsolete in two years, prompting sharp reactions across platforms. Spagni’s …
• 18 August

  Bitcoin Dips as Whales Cash Out; Analyst Sees Ethereum Rising to $5K

  

  Bitcoin (BTC) faced downward pressure on August 17, 2025, sliding to $115,900, a 1.35% drop, as large investors, or “whales,” cashed out profits following a peak of $124,000 earlier in the week. Data from CryptoQuant shows a surge in the Exchange Whale Ratio, indicating significant sell-offs, with $350 million in market liquidations, including $236 million from bullish long traders. Despite …
• 18 August

  Altcoins Face Bigger Liquidations Than Bitcoin Amid Altseason Talk

  

  The cryptocurrency market is abuzz as altcoin liquidations have surpassed Bitcoin’s on major exchanges like Binance in 2025, signaling a surge in speculative trading and renewed talk of an impending altseason. Data from CryptoQuant shows that since January 2025, altcoin liquidations, both long and short, have spiked, overtaking Bitcoin’s by July, with the trend intensifying in August. This shift, driven …
• 18 August

  Thailand Prepares Crypto Payment Sandbox to Attract Travelers

  

  Thailand is set to revolutionize its tourism sector with the launch of the “TouristDigiPay” crypto payment sandbox on August 18, 2025, allowing foreign tourists to convert cryptocurrencies like Bitcoin and Ethereum into Thai baht for seamless electronic payments. Announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, this initiative aims to counter a 6% drop in tourist arrivals in …
• 18 August

  Jack Dorsey Urges Return to Bitcoin’s Core Vision in 2025

  

  Jack Dorsey, Twitter co-founder and CEO of Block, has reignited the conversation around Bitcoin’s original purpose, emphasizing its role as a decentralized, peer-to-peer currency for financial empowerment. Speaking at a virtual crypto summit on August 17, 2025, Dorsey urged the Bitcoin community to refocus on its founding principles amid rising institutional investment and speculative trading. Dorsey stressed that Bitcoin, launched …
• 18 August

  Metaplanet’s Bitcoin Holdings Surge to $2.18B After New Acquisition

  

  Tokyo-based investment firm Metaplanet has solidified its position as a leading corporate Bitcoin holder, boosting its total holdings to 18,888 BTC, valued at approximately $2.18 billion, after acquiring 775 BTC on August 18, 2025. This strategic purchase, announced by CEO Simon Gerovich, underscores Metaplanet’s commitment to integrating Bitcoin as a core treasury asset to hedge against fiat currency risks and …