Latest News

August, 2025

• 7 August

  Coinbase’s New 0.1% Fee on Large USDC Swaps Sparks Debate Amid Revenue Push

  

  Coinbase, the largest U.S. crypto exchange, will impose a 0.1% fee on USDC-to-USD conversions exceeding $5 million in a 30-day period starting August 13, 2025, targeting institutional traders and high-net-worth users. This move, announced after missing Q2 revenue targets of $1.56–$1.59 billion with $1.5 billion, aims to bolster stablecoin revenue, which grew 12% to $332 million year-on-year. The fee applies …
• 7 August

  Crypto Power Play: Coinbase-Backed Group Rallies 2.3M Voters for U.S. Crypto Bills

  

  In a bold display of political influence, Stand With Crypto, a Coinbase-backed nonprofit, has mobilized 2.3 million pro-crypto voters to push for pivotal U.S. cryptocurrency legislation in 2025. This grassroots surge underscores the crypto industry’s growing clout as Congress debates bills shaping digital asset regulation. Stand With Crypto, launched by Coinbase, has unified advocates across all 50 states, targeting swing …
• 7 August

  SEC’s Crenshaw Challenges Liquid Staking Guidance, Warns of Regulatory Risks

  

  SEC Commissioner Caroline Crenshaw sharply criticized the agency’s new liquid staking guidance, calling it a “wobbly wall of assumptions” that fails to align with industry practices. Her remarks, titled “Caveat Liquid Staker,” counter the Division of Corporation Finance’s claim that certain liquid staking activities are not securities transactions, potentially exempting them from SEC registration. Crenshaw argues this guidance offers little …
• 7 August

  Pi Coin Struggles: Weak Rebound, Low Volume Raise Concerns for 2025

  

  Pi Coin, once celebrated for its mobile-first mining and 65 million-strong user base, faces growing doubts as its price struggles to recover and trading volume plummets. As of August 7, 2025, Pi trades at $0.3405, down 3.54% in 24 hours, with a 24-hour trading volume of just $50.7 million, a 69% drop from recent highs, signaling fading investor enthusiasm. Despite …
• 7 August

  Bitcoin Targets $123K: Satsuma’s $218M Raise, SMA Retest Boost Bullish Outlook

  

  Bitcoin is poised for a potential surge to $123,000, driven by robust institutional backing and technical strength. On August 6, 2025, London-based Satsuma Technology raised $217.6 million, with $125 million settled in Bitcoin, marking a landmark for UK corporate crypto adoption. Backed by Pantera Capital, Kraken, and UK funds managing £300 billion, the oversubscribed round signals strong confidence in Bitcoin’s …
• 7 August

  Crypto Confidence Surges: Bitcoin ETFs Attract $91.5M, Ending Outflow Trend

  

  U.S. spot Bitcoin exchange-traded funds (ETFs) reversed a four-day outflow streak on August 6, 2025, recording $91.5 million in net inflows, signaling renewed investor optimism in cryptocurrencies. This shift follows a $1.45 billion exodus driven by macroeconomic uncertainty, suggesting a potential turning point for Bitcoin’s market sentiment. BlackRock’s iShares Bitcoin Trust (IBIT) led the recovery with $42 million in inflows, …
• 7 August

  True Colors Limited Raises ₹13.5 Crore to Strengthen Market Position

  

  True Colors Limited, has successfully closed a key funding round of ₹13.5 crore, welcoming Niveshaay Hedgehogs Fund and Finavenue Capital Trust – Finavenue Growth Fund as strategic partners. This milestone reflects growing investor confidence in the company’s technology-driven, sustainability-led approach and its robust recurring revenue model. As a fully integrated player in the digital textile printing industry, True Colors is …
• 6 August

  China Slams Foreign Crypto Firm for Iris-Scanning Surveillance Scheme

  

  China’s Ministry of State Security (MSS) has accused a foreign entity of using cryptocurrency incentives to collect iris scans globally, posing a threat to national security and privacy. The August 6, 2025, advisory, posted on WeChat, claims the unnamed firm—widely speculated to be Worldcoin, co-founded by OpenAI’s Sam Altman—offered crypto tokens to harvest biometric data under the guise of identity …
• 6 August

  Crypto Treasuries Losing Steam? Novogratz Signals Shift in 2025

  

  Galaxy Digital CEO Michael Novogratz has cautioned that the crypto treasury trend, where firms and DAOs hoard digital assets like Bitcoin and Ethereum, is waning. Speaking at a Bloomberg event on August 5, 2025, Novogratz noted that the initial frenzy—driven by 2024’s bull market and firms like MicroStrategy holding $27 billion in Bitcoin—is cooling as organizations prioritize risk management and …
• 6 August

  Binance’s CZ Seeks to Dismiss $1.76B FTX Clawback Lawsuit

  

  Changpeng “CZ” Zhao, Binance’s co-founder, has filed a motion to dismiss a $1.76 billion lawsuit from FTX’s bankruptcy estate, escalating tensions in the crypto industry. Filed on August 4, 2025, in Delaware’s U.S. Bankruptcy Court, CZ’s motion argues that the court lacks jurisdiction over him as a UAE resident and that the 2021 share repurchase deal, central to the lawsuit, …