Tech

August, 2025

• 7 August

  USDC Drives 3x Surge in Crypto Salaries as Blockchain Pay Gains Traction

  

  Blockchain-based salaries have surged 300% in 2025, with USDC (USD Coin) dominating as the top choice for crypto payrolls, per a February 2025 Bitwage report. The stablecoin’s dollar peg, fast transactions, and regulatory compliance via Circle have made it ideal for employers and workers, outpacing Bitcoin and Ethereum in payroll adoption. By August 7, 2025, platforms like Deel and Bitwage …
• 7 August

  KakaoBank Plans 2025 KRW-Backed Stablecoin Launch to Transform Digital Payments

  

  South Korea’s leading digital bank, KakaoBank, is set to launch a Korean won (KRW)-backed stablecoin in 2025, positioning itself as a pioneer in the nation’s digital asset market. Announced during its H1 2025 earnings call on August 5, 2025, the initiative aims to leverage blockchain for efficient, low-cost domestic and cross-border transactions, per ZDNet Korea. CFO Kwon Tae-hoon emphasized the …
• 7 August

  Hijacked YouTube Channels Fuel Crypto Scams in 2025

  

  Hackers are exploiting dormant YouTube channels to run sophisticated crypto scams, costing victims over $2.2 billion in 2025, according to CertiK’s security report. On August 7, 2025, SentinelLabs revealed that cybercriminals target older, verified accounts—often abandoned or compromised via phishing or credential stuffing—to promote fraudulent trading bots. These scams, active since early 2024, use AI-generated videos and manipulated comment sections …
• 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, …
• 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 …