Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges

Hong Kong’s SFC issued new custody standards for licensed crypto exchanges covering management responsibility, cold wallet operations and real-time threat monitoring. The measures aim to strengthen cyber defenses after a regulatory review found inadequacies.

XRP Sheds 7% on $437M Sell Spike as $1B Liquidations Hit Crypto Market

XRP fell 7.19% after a $437 million sell spike triggered over $1 billion in market liquidations. The token dropped from $3.34 to $3.10, testing critical support near $3.05. Late-session buying indicated renewed accumulation by large holders.

New York Bill Would Tax Crypto Sales and Transfers

New York Assembly Bill 8966 proposes a 0.2% excise tax on all crypto sales and transfers, including NFTs, effective from Sept. 1. The tax revenue will fund substance abuse programs in upstate schools. The bill must pass committee, Assembly, Senate and receive the governor’s approval.

Crypto Memes — 2025-08-15

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US Treasury’s Bessent Backpedals, Bitcoin Purchases Still Explored

Treasury Secretary Scott Bessent clarified that budget-neutral methods to buy Bitcoin for the Strategic Reserve remain under exploration. Earlier comments suggesting no further purchases triggered a market sell-off, wiping $55 billion from crypto value. The government also confirmed a halt on selling existing holdings.

XRP Drops 7% as $1B Liquidations Expose Support Levels

XRP tumbled 7.2% to $3.10 following over $1 billion in market-wide liquidations triggered by inflation fears. Heavy selling tested the $3.05 support zone before late-session buying hinted at renewed accumulation by large holders. Technical levels at $3.13 and $3.20 now shape near-term outlook.

Bullish Bets Lose $860M to Liquidations After Sudden Crypto Sell-Off

Over $1 billion in leveraged crypto positions were liquidated following hotter-than-expected U.S. PPI data. Bitcoin briefly reached a new high above $123,500 before a sharp sell-off wiped $866 million in long positions. Traders now await further economic signals for policy direction.

Asia Morning Briefing Highlights ETH Selling Pressure Amid Rally

Ethereum’s price slipped 3% to $4,600 despite strong performance over the past month. Exchange inflows of ETH have surpassed Bitcoin’s, indicating profit-taking ahead of potential consolidation. Macro data and ETF flows continue to influence market sentiment amidst stretched positioning.

Crypto Digest — 15 August 2025

📢 Read the daily digest for 2025-08-15: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

🔎 Coin Research — DeepBook (DEEP) — 15 August 2025

New weekly coin research for DeepBook (DEEP). — Score: 78.00/10 TL;DR: DeepBook is the first fully on-chain central limit order book (CLOB) for Sui DeFi, offering institutional-grade liquidity, low latency, and composability for de

🔎 Coin Research — DeepBook (DEEP) — 15 August 2025

New weekly coin research for DeepBook (DEEP). — Score: 8.00/10 TL;DR: DeepBook is the first fully on-chain central limit order book (CLOB) for Sui DeFi, offering institutional-grade liquidity, low latency, and composability for de

Bitcoin Tops $124K, Now Larger Than Google by Market Cap

Bitcoin surged above $124,000 to overtake Google’s market capitalisation and become the fifth-largest global asset. This movement reflects strong institutional investment and favourable macroeconomic conditions supporting continued digital asset growth.

Morning Bid: Bitcoin Joins the Risk-On Party

Bitcoin rallied alongside global equities, driven by expectations of US interest rate cuts and regulatory support. Ether also advanced toward multi-year highs as institutional inflows sustain bullish momentum.

SpaceX Bitcoin Holdings Surpass $1 Billion

SpaceX holdings exceed $1 billion in Bitcoin, indicating significant corporate adoption of digital assets. The milestone underscores a growing trend of major companies integrating cryptocurrency into treasury strategies.

ICP Rallies to $6.08 Then Falls Amid Security Concerns

ICP spiked from $5.84 to $6.08 before reversing, experiencing a 5% range swing amid security issues. A breach at Odin.fun raised authentication questions, while consolidation between $5.87 and $5.92 highlighted cautious market sentiment.

Bitcoin Realized Price Breaks Above 200WMA Signaling More Room to Run

Bitcoin’s realized price climbed above the 200-week moving average for the first time since June 2022, a historical signal often preceding sustained bull runs. On-chain data indicates renewed investor confidence and technical support around $51,344.

XRP Breaks Key Resistance After Ripple-SEC Win Is $8 Next

XRP broke above key resistance at $3.27 on high volume after a legal victory in the Ripple-SEC case, signalling renewed institutional interest. Technical momentum suggests potential targets up to $8, driven by stronger market sentiment and regulatory clarity.

Trump-Fueled Crypto Frenzy Sparks Rush to Wall Street IPOs

U.S. crypto firms are pursuing IPOs on Wall Street, driven by pro-crypto policies under President Trump and a record $4.2 trillion market cap. Bullish raised over $1.1 billion in its debut, while Circle’s stablecoin listing and the Genius Act boosted investor confidence.

Bitcoin Hits Fresh Record as Fed Easing Bets Add to Tailwinds

Bitcoin hit a record peak at $124,002.49 amid growing Fed rate-cut expectations and financial reforms support. Ether rallied to $4,780.04, the strongest since late 2021, on sustained institutional purchases and regulatory tailwinds.

Crypto Digest — 10 July 2025

Crypto Memes — 2025-08-14

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XRP Breaks Key Resistance Following Ripple-SEC Win, Eyes $8 Target

XRP climbed from $3.24 to $3.33 in 24 hours after Ripple and the SEC withdrew appeals, clearing regulatory overhang. Institutional buyers drove exceptional volume of 217 million tokens at breakout, with support at $3.20–3.22 and profit-taking near $3.34 ahead of next targets in the $6–$8 range.

Dogecoin Rallies 7% on $200M Whale Buys as Futures Open Interest Tops $3B

Dogecoin surged over 7% in 24 hours, fueled by more than $200 million in whale purchases and rising futures open interest above $3 billion. Breakout above $0.25 resistance triggered a volume-driven rally, with technical patterns indicating further upside toward $0.27 and sustained bullish sentiment.

Bitcoin Becomes Fifth-Largest Asset by Market Cap, Surpasses Google

Bitcoin market capitalization surpassed $2.4 trillion, overtaking Google to become the fifth-largest global asset after a rally mirroring record highs in U.S. equities. The surge was driven by favorable macro data, expectations of Fed rate cuts, and sustained corporate treasury allocations to Bitcoin.

Crypto Digest — 14 August 2025

📢 Read the daily digest for 2025-08-14: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

Coinbase Corporate Wallet Drained for $300K by MEV Exploit

A misconfigured approval to 0x’s swapper contract allowed MEV bots to drain $300,000 from a Coinbase corporate wallet within seconds. No customer funds were affected, and the incident was isolated to a permissions error confirmed by the exchange’s chief security officer. The exploit highlights ongoing risks from automated on-chain bots.

Long-Term Holders Sell Bitcoin at Record Highs Above $120K

Blockchain data shows a decline of over 300,000 BTC in long-term wallets over the past four weeks, coinciding with a new all-time high above $124,000. Dormant addresses reactivated, contributing to renewed selling pressure and temporary momentum loss. Institutional and retail demand near $118,000 has helped absorb supply, holding price above key support.

Memeagent launches $CHAD token presale to power AI-driven campaign protocol

Memeagent.io opened its $CHAD token presale on Aug 14, offering participants an early allocation in the protocol’s AI-powered campaign issuance network, aiming to enhance engagement through programmatic memecoin creations.

Nasdaq-listed firm slumps 50% on BONK memecoin treasury play

Safety Shot Inc. announced a $25 million treasury allocation into BONK tokens via preferred share issuance, triggering a 50 percent drop in its stock as investors reacted to the high-volatility memecoin strategy.

Trump crypto adviser to ‘smash buy’ $762 M of Bitcoin this week

David Bailey, former Trump campaign crypto adviser and CEO of Nakamoto Inc., plans a $762 million VWAP-based purchase of ~6 400 BTC over the coming days, a strategic step toward building a major corporate Bitcoin treasury.

🔎 Coin Research — Xeleb Protocol (XCX) — 14 August 2025

New weekly coin research for Xeleb Protocol (XCX). — Score: 7.00/10 TL;DR: Decentralized AI influencer platform enabling tokenized AI agents via Proof-of-Utility

ETH transaction count rising amid $5K push, but competition erodes market share

Ethereum daily transaction volume has climbed above 1.7 million as ETH targets $5 000, yet layer-2s like Arbitrum and Base are processing billions of transactions, diverting revenue and user traffic away from the base layer.

Google Play’s new rules won’t affect non-custodial crypto wallets

Google Play will require licensed status for custodial crypto wallet apps in over 15 jurisdictions, including the US and EU, effective October 29, but updated policy explicitly exempts non-custodial wallets from the new requirements.

Tokenized Equities Need ADR Structure to Protect Investors

Ankit Mehta argues that tokenized equity markets should adopt an ADR-style framework to ensure legal clarity, shareholder rights, and custodial safeguards. Depository receipts could bridge traditional securities and blockchain, offering a scalable, compliant model.

Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana

Ethereum DEX volumes surged to $24.5 billion over 48 hours, eclipsing Solana’s $10 billion, fueled by record spot ETF inflows and institutional demand. Uniswap led with $8.6 billion traded, while staking tokens like Lido’s LDO jumped 65% on favorable SEC guidance.

Ether Price Target Raised to $7.5K by Year-End and $25K by 2028

Standard Chartered analysts lifted Ether price forecasts to $7,500 by end-2025 and $25,000 by end-2028, citing accelerating institutional demand, favorable regulation, and network upgrades. The analysts highlighted stablecoin growth and corporate treasury allocations as key drivers.

NEAR Rallies on Institutional Inflows, Surges Past Resistance Levels

NEAR Protocol climbed 5.82% to $2.91 between August 12 16:00 and August 13 15:00, driven by over $7.6 million in institutional inflows. The rally broke multiple resistance points and established support at $2.76 before short-term volatility capped gains near $2.94.

Crypto Platform Bullish Shares Debut Above $100, Doubling IPO Price

Crypto exchange Bullish opened on the NYSE at $102 per share versus a $37 IPO price, reflecting strong investor demand. The IPO expanded to 20.3 million shares amid interest from major funds like BlackRock and Ark. Since its 2021 launch, Bullish processed over $1.25 trillion in trading volume.

US banks urge narrowing of stablecoin yield loophole in GENIUS Act

A coalition of U.S. banking groups led by the Bank Policy Institute has urged Congress to amend the GENIUS Act to close a loophole allowing stablecoin issuers to offer yield via affiliates and exchanges. They warned that failure to act could trigger up to $6.6 trillion in deposit outflows, destabilizing traditional lending markets and raising interest rates. The letter emphasizes that stablecoins must remain payment instruments.

XRP gains 4% as Ripple-SEC settlement spurs institutional buying

XRP rose 4% on August 13, climbing from $3.15 to $3.25 after Ripple Labs and the SEC dismissed their appeals, concluding years of litigation. Daily trading volumes increased by 208%, with mid-session rallies testing $3.30 resistance. Technical indicators show support at $3.25–$3.26 and resistance at $3.30 amid controlled profit-taking in final trading hours.

Bitcoin holds near $120K as Ether rallies towards $4.7K

Crypto markets extended gains as traders reacted to dovish Federal Reserve expectations, political developments and substantial ETF inflows into ether. Bitcoin traded just below $120,000, while ether surged nearly 30% to approach $4,700, supported by $520 million of inflows in a single day. Comments on potential 401(k) crypto exposure and rate-cut bets fueled optimism.

Stripe appoints Paradigm’s Matt Huang as CEO of new Tempo blockchain

Stripe has named Matt Huang, co-founder and managing partner of Paradigm, as chief executive of its forthcoming layer-1 blockchain, Tempo, designed for high-performance payments and Ethereum compatibility. The move aligns with a trend of stablecoin-focused networks and follows the passage of the GENIUS Act, which has bolstered institutional interest in regulated digital asset infrastructure. Launch timing and token plans remain undisclosed.

Do Kwon pleads guilty to US fraud charges in $40B crypto collapse

Do Kwon, co-founder of Terraform Labs, entered a guilty plea to two counts of conspiracy to defraud and wire fraud in Manhattan federal court relating to the 2022 collapse of TerraUSD and Luna. Under a plea agreement, prosecutors agreed to recommend no more than 12 years in prison, though he faces up to 25 years. The hearing took place before Judge Paul Engelmayer on August 12, 2025.

Crypto Memes — 2025-08-13

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ETHUSD Surpasses $4,500 Resistance in Recent Rally

ETHUSD price breached the $4,500 resistance mark amid a continued short-term bullish trend. Trading remained above EMA50, and RSI entered overbought territory. Positive momentum may persist if support at the moving average holds.

Bitcoin Faces Resistance Around $120,000 Level

Bitcoin price declined after testing the $120,000 resistance zone, supported by short-term bullish trend dynamics. EMA50 maintained a support base while RSI signalled oversold conditions. Potential for renewed upward momentum exists if resistance barrier is breached.

Binance to Delist Three Spot Trading Pairs on August 15

Binance announced removal of ANIME/FDUSD, HYPER/FDUSD, and STO/BNB spot pairs effective August 15 at 03:00 UTC due to low liquidity and project inactivity. New orders and open positions for these pairs will be cancelled, while underlying tokens remain available for withdrawal or alternative trading.

Crypto Digest — 13 August 2025

📢 Read the daily digest for 2025-08-13: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!

Binance Joins T3 FCU with Tron, Tether, TRM Labs

Binance has joined the T3 Financial Crime Unit alongside Tron, Tether, and TRM Labs to combat illicit blockchain transactions. Public-private collaboration under the unit has frozen over $250 million in illegal assets since September 2024. Initiative aims to accelerate fund seizure and deter money laundering.

Do Kwon Pleads Guilty to TerraUSD Fraud

Terraform Labs founder Do Kwon entered a guilty plea for commodities fraud, securities fraud, and wire fraud connected to TerraUSD. Court documents outline false claims about stablecoin stability and a plan that resulted in a $41 billion loss for investors. Sentencing scheduled for December.

Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright

MARA agreed to acquire a 64% stake in Exaion, EDF’s HPC subsidiary, with an option to increase to 75% by 2027. The move marks a pivot from bitcoin mining to cloud infrastructure, and H.C. Wainwright maintained a buy rating with a $28 price target.

LINK Surges 10% as Chainlink Reserve, ICE Partnership Fuel Explosive Rally

LINK surged 10% to a seven-month high, extending weekly gains to 42%, driven by a new Chainlink-ICE partnership and a token buyback initiative dubbed the Chainlink Reserve. Technical indicators signal continued upside above near-term resistance around $24.

Circle Dips 6% After Hours on 10M Share Secondary Offering

Circle announced a secondary offering of 10 million shares, including 8 million from insiders, triggering a 6% drop in after-hours trading. The firm reported a $428 million Q2 loss, marking a significant shift in market sentiment following its IPO rally.

🔎 Coin Research — INFINIT (IN) — 13 August 2025

New weekly coin research for INFINIT (IN). — Score: 7.00/10 TL;DR: AI-powered DeFi intelligence platform enabling one-click execution of multi-step strategies via agent swarm across multiple chains

Kazakhstan’s Fonte Capital Introduces Central Asia’s First Spot Bitcoin ETF

Fonte Capital launched the region’s first spot Bitcoin ETF (BETF) on the Astana International Exchange, with BitGo providing custody and insurance. The physically backed fund begins trading Aug. 13, offering regulated access to bitcoin and targeting low tracking error.

Ether, Cardano, XRP Among Cryptos Taking New Leg Higher as Scott Bessent Floats 50 Basis Point Rate Cut

Altcoins rallied following U.S. Treasury Secretary Scott Bessent’s suggestion of a 50 bps rate cut, with Ether topping $4,600 and Cardano, Solana, XRP, Avalanche and Litecoin logging strong gains. Bitcoin remained near $120,000 underperforming major altcoins.

Polkadot’s DOT Advances Over 4% Amid Robust Recovery Rally

Polkadot’s native token DOT rallied over 4% to $4.12 after defending support near $3.88–$3.92 on surging volume. Technical indicators signal potential upside toward $4.15–$4.20 Fibonacci extension targets amid institutional accumulation.

Coinbase Revives Stablecoin Funding Program to Bolster DeFi Liquidity

Coinbase Asset Management relaunched its Stablecoin Bootstrap Fund to provide USDC and EURC liquidity across Aave, Morpho, Kamino and Jupiter. The initiative aims to support emerging and established DeFi protocols amid a $200 billion ecosystem under rapid growth.

Ether Pumps to Five-Year High of $4.47K on Rate-Cut Hopes and Treasury Bets

Ether surged to $4,470, its highest since December 2021, as mixed U.S. CPI data increased expectations for a September Fed rate cut. Tom Lee’s Bitmine Immersion disclosed plans to raise up to $20 billion for further ETH purchases, fueling additional upside.

President Trump Appoints Patrick Witt as Senior Crypto Adviser

Yale alumnus and former quarterback Patrick Witt is set to succeed Bo Hines as executive director of the President’s Council of Advisers on Digital Assets. The move places a non-technical insider at the helm of U.S. crypto policy amid stablecoin regulation efforts.