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UK’s Advertising Standards Authority (ASA) banned Coinbase’s TV advertisement “Everything Is Fine,” prompting sharp criticism from CEO Brian Armstrong. The satirical ad, highlighting flaws in traditional finance with imagery of leaking homes and rising prices, was deemed misleading for lacking risk disclosures and portraying crypto as a safe investment. The ASA cited its potential to mislead viewers, reflecting the UK’s …

Former UK Chancellor George Osborne warned on August 4, 2025, that Britain is losing its edge in the global cryptocurrency race due to delayed regulations and inconsistent government support. Speaking via the Financial Times, Osborne, now a Coinbase Global Advisory Council member, criticized Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey for a cautious approach, risking the UK’s …

Cardano’s community greenlit a historic 96 million ADA ($71 million) treasury allocation to fuel critical network upgrades, marking a milestone in its decentralized governance. Approved with 74% support via Project Catalyst, the funding empowers Input Output Global (IOG) to enhance scalability, developer tools, and interoperability over a 12-month roadmap, reinforcing Cardano’s position as a leading smart contract platform. The funds …

On August 4, 2025, Lido Finance, a leading Ethereum liquid staking protocol, announced a 15% workforce reduction across Lido Labs, Lido Ecosystem, and Lido Alliance to ensure long-term sustainability. Co-founder Vasiliy Shapovalov emphasized that the layoffs, affecting about 12 of its 83 contributors, were driven by cost management, not performance issues, amid a competitive DeFi landscape. Lido, managing $31 billion …

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