Tech

August, 2025

• 6 August

  Bitcoin as a National Reserve? Indonesia Explores Crypto Future

  

  Indonesia is considering a groundbreaking shift in its financial strategy by exploring Bitcoin as a national reserve asset, according to recent discussions between the Vice President’s office and Bitcoin Indonesia, Asia’s largest Bitcoin community. This move could position the world’s fourth-most populous nation among global pioneers like El Salvador, which adopted Bitcoin as legal tender in 2021. The talks, held …
• 5 August

  Bitcoin Rebounds to $115K, Eyes $118K Amid Crypto Volatility

  

  Bitcoin (BTC) has staged a robust 3.7% rebound from a critical $113,000 support level, trading at $115,284 as investors eye a $118,000 target. This recovery, driven by institutional buying and technical strength, underscores BTC’s resilience amid a volatile crypto market shaken by global economic shifts. The bounce follows a dip to $113,000, with $112,000-$114,000 acting as a key support zone, …
• 5 August

  BONK Rebounds from Key Support, Signals Potential Rally

  

  Solana-based meme coin BONK has sparked excitement with a 3.2% price rebound to $0.00002629, finding strong support at $0.000020 after a 28.5% weekly drop. This bounce, backed by increased trading volume and whale accumulation, has analysts predicting a potential rally toward $0.000025 or higher, as bullish sentiment grows. Technical indicators are turning positive. The Relative Strength Index (RSI) at 61.84 …
• 5 August

  VERB Stock Soars 193% on $558M TON Investment Plan

  

  Verb Technology Company, Inc. (Nasdaq: VERB) saw its stock surge 193% to $27.40 on August 4, following the announcement of a $558 million private placement to acquire Toncoin ($TON), positioning VERB as the first publicly listed TON treasury strategy company. The move, led by Kingsway Capital, aims to secure 5% of TON’s circulating supply, making VERB one of the largest …
• 5 August

  ENA Token Surges 17% as USDe Supply Soars 75%

  

  Ethena’s native token, ENA, has surged 17% to $0.6078, fueled by a 75% increase in USDe supply, now exceeding $9.28 billion, signaling robust growth in the Ethena ecosystem. This rally, driven by heightened on-chain activity and whale accumulation, positions ENA as a top performer in the DeFi space, with analysts eyeing a potential breakout above $0.68. The USDe stablecoin, Ethena’s …
• 5 August

  Solana’s Cup and Handle Signals Potential $900 Surge After Final Dip

  

  Solana (SOL) is capturing attention as analysts confirm a bullish cup and handle pattern on its price chart, hinting at a potential $900 price target. This classic technical formation, known for preceding significant rallies, suggests SOL may be nearing a breakout after a final dip, offering investors a strategic entry point. The cup and handle pattern reflects Solana’s U-shaped recovery …
• 5 August

  South Korea Sentences Bitsonic CEO to Second Prison Term for Crypto Fraud

  

  The CEO of South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has received a second prison sentence for fraud, intensifying the nation’s crackdown on crypto misconduct. The Daegu District Court sentenced Shin to an additional six months in prison on July 18, 2025, for manipulating Bitsonic Coin (BSC) trading volumes and prices, defrauding investors of 160 million won ($115,000). This follows …
• 5 August

  CFTC and SEC Launch Crypto Sprint for Trump’s Blockchain Vision

  

  The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have initiated a Crypto Sprint, a collaborative push to implement President Donald Trump’s blockchain agenda, aiming to make the U.S. the global crypto leader. Announced by CFTC Acting Chair Caroline Pham, the initiative aligns with the SEC’s Project Crypto, led by Chair Paul Atkins and Commissioner Hester …
• 5 August

  XRP Holds Bullish Above $3.05 Despite Bank Resistance

  

  XRP, the native token of Ripple’s payment network, is showing resilience above $3.05, with a 3.57% daily gain to $3.07, despite reported opposition from 42 global banks resisting Ripple’s cross-border payment solutions. AI-driven analysis, including insights from ChatGPT, signals a bullish outlook, with potential for a rally toward $3.15-$3.50 if key levels hold, fueled by strong technicals and growing network …
• 5 August

  White House Plans Fines for Banks Blocking Crypto Firms

  

  The White House is set to issue an executive order targeting banks that unfairly deny services to cryptocurrency firms, a move to bolster the U.S. crypto industry. The directive, reported by The Wall Street Journal, aims to curb de-banking practices where banks close accounts or refuse services to crypto businesses without clear justification, stifling innovation. The draft order instructs regulators, …