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Solana (SOL), a high-speed blockchain, is grappling with intense selling pressure as major investors, or “whales,” offload millions in SOL tokens, raising concerns about its market stability. On August 12, 2025, Lookonchain reported that three whale wallets moved 226,000 SOL, worth $40 million, to exchanges like Kraken and Binance, signaling potential profit-taking or strategic shifts. This follows a pattern of …

South Korea’s leading cryptocurrency exchange, Bithumb, has drastically scaled back its crypto lending services following intense regulatory pressure from the Financial Services Commission (FSC) and Financial Supervisory Service (FSS). On August 11, 2025, Bithumb reduced its leverage ratio from 4x to 2x and slashed its maximum lending cap by 80%, from 1 billion won ($718,298) to 200 million won ($143,600), …

Japanese investment firm Metaplanet Inc. has solidified its position as a leading corporate Bitcoin holder by acquiring 518 BTC for $61.4 million on August 12, 2025, at an average price of $118,519 per coin. This purchase elevates its total reserves to 18,113 BTC, valued at approximately $2.15 billion, making it the sixth-largest publicly traded Bitcoin holder globally, per BitcoinTreasuries. Under …

Terraform Labs co-founder Do Kwon is set to plead guilty in a U.S. fraud case tied to the 2022 TerraUSD (UST) stablecoin collapse, which erased $40 billion in market value, shaking the cryptocurrency industry. A hearing is scheduled for August 12, 2025, at 10:30 a.m. EDT in Manhattan federal court, as per U.S. District Judge Paul Engelmayer’s order. Kwon, extradited …

Trump Media & Technology Group (TMTG), behind Truth Social, has filed an amended S-1 registration with the SEC for its Truth Social Bitcoin ETF, ticker “B.T.,” aiming to track Bitcoin’s price performance. The filing, submitted on August 11, 2025, lacks key details like fees or a final ticker symbol, as noted by Bloomberg’s Eric Balchunas. Crypto.com will serve as the …