Tech

August, 2025

• 22 August

  US Lawmakers Target Digital Dollar: CBDC Ban Added to Defense Bill

  

  The U.S. House of Representatives inserted a provision into the National Defense Authorization Act (NDAA) for Fiscal Year 2026 to ban the Federal Reserve from issuing a central bank digital currency (CBDC). The move, led by Rep. Tom Emmer (R-MN), mirrors the CBDC Anti-Surveillance State Act (H.R. 1919), which passed the House 219-210 in July 2025, prohibiting direct or indirect …
• 22 August

  Japan’s SBI Holdings Enters Crypto Stocks Market With Startale Partnership

  

  Japan’s financial powerhouse SBI Holdings has partnered with Singapore-based Startale Group to launch a blockchain-based tokenized stock trading platform by late 2026, reshaping equity markets. Announced on August 22, 2025, at the WebX crypto conference, the initiative leverages SBI’s 50-million-strong client base and Startale’s blockchain expertise to enable 24/7 trading, fractional ownership, and near-instant settlements, slashing costs and boosting accessibility …
• 22 August

  OKB Soars to All-Time High, Zcash and MORPHO Signal Breakout Potential

  

  OKB, the native token of OKX, surged to a record $255, driven by a 65-million-token burn that slashed its supply to 21 million, sparking a 150% weekly rally. Trading volume hit $1.14 billion, up 341%, with OKB’s Relative Strength Index (RSI) at 89, signaling strong but potentially overbought momentum. Analysts see a path to $311 if it breaks the R3 …
• 22 August

  High-Stakes Crypto Operation: Binance and India Take on ‘Ketamelon’

  

  In a groundbreaking operation, Binance, the world’s largest cryptocurrency exchange, partnered with India’s Narcotics Control Bureau (NCB) to dismantle the ‘Ketamelon’ darknet drug network, announced on August 19, 2025. This high-stakes collaboration led to the arrest of Edison Babu, a Kerala-based former engineer and alleged mastermind behind India’s most sophisticated darknet drug cartel, which shipped over 600 LSD packages across …
• 22 August

  Crypto Bull Market: Are We Nearing the Final Stretch? Glassnode Analysts Weigh In

  

  As Bitcoin hovers around $113,500 and Ethereum trades at $4,250, Glassnode’s August 2025 analysis suggests the crypto bull market, ignited by the April 2024 Bitcoin halving, may be entering its late phase. On-chain metrics reveal signs of market maturity, with Bitcoin’s price down 8.8% from its $124,474 peak, signaling potential demand exhaustion. Investors are urged to tread cautiously amid rising …
• 22 August

  CFTC Launches Next Crypto Sprint, Calls for Public Feedback on Rules

  

  The U.S. Commodity Futures Trading Commission (CFTC) launched the third phase of its “Crypto Sprint” initiative on August 21, 2025, inviting public feedback to craft clear regulations for digital asset trading, custody, and compliance. This move aligns with the Trump administration’s push to make the U.S. a global crypto hub, as outlined in a 168-page White House report. The comment …
• 22 August

  National Bitcoin Reserve Strategy: Asia’s Big Bet on Digital Gold

  

  As global finance evolves, Asian nations are exploring national Bitcoin reserves, viewing the cryptocurrency as “digital gold” to hedge inflation, diversify assets, and boost economic sovereignty. With a fixed 21-million-coin supply, Bitcoin’s decentralized nature offers a hedge against fiat currency devaluation and geopolitical risks, prompting countries like Singapore, Japan, and Hong Kong to reconsider traditional reserve strategies. Singapore’s crypto-friendly regulations, …
• 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 …